Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 $55,000,000
SENIOR SECURED CREDIT FACILITIES 
 CREDIT AGREEMENT 

dated as of November 27, 2013, 

among 
 LTX-CREDENCE
CORPORATION 
 AND 

EVERETT CHARLES TECHNOLOGIES LLC 

as the Borrower, 
 THE SEVERAL
LENDERS FROM TIME TO TIME PARTIES HERETO, 
 and 

SILICON VALLEY BANK, 
 as
Administrative Agent and Issuing Lender 

 Table of Contents 

 

							
	 	  	 	  	Page	 
		
	SECTION 1 DEFINITIONS	  	 	1	  
			
	 1.1
	  	Defined Terms	  	 	1	  
	 1.2
	  	Other Definitional Provisions	  	 	33	  
		
	SECTION 2 AMOUNT AND TERMS OF COMMITMENTS	  	 	34	  
			
	 2.1
	  	Term Commitments	  	 	34	  
	 2.2
	  	Procedure for Term Loan Borrowing	  	 	34	  
	 2.3
	  	Repayment of Term Loans	  	 	34	  
	 2.4
	  	Revolving Commitments	  	 	35	  
	 2.5
	  	Procedure for Revolving Loan Borrowing	  	 	35	  
	 2.6
	  	Reserved	  	 	36	  
	 2.7
	  	Reserved	  	 	36	  
	 2.8
	  	Reserved	  	 	36	  
	 2.9
	  	Fees	  	 	36	  
	 2.10
	  	Termination or Reduction of Total Revolving Commitments; Total L/C Commitments	  	 	36	  
	 2.11
	  	Optional Loan Prepayments	  	 	37	  
	 2.12
	  	Mandatory Prepayments	  	 	37	  
	 2.13
	  	Conversion and Continuation Options	  	 	38	  
	 2.14
	  	Limitations on Eurodollar Tranches	  	 	39	  
	 2.15
	  	Interest Rates and Payment Dates	  	 	39	  
	 2.16
	  	Computation of Interest and Fees	  	 	39	  
	 2.17
	  	Inability to Determine Interest Rate	  	 	40	  
	 2.18
	  	Pro Rata Treatment and Payments	  	 	40	  
	 2.19
	  	Illegality; Requirements of Law	  	 	43	  
	 2.20
	  	Taxes	  	 	45	  
	 2.21
	  	Indemnity	  	 	48	  
	 2.22
	  	Change of Lending Office	  	 	48	  
	 2.23
	  	Substitution of Lenders	  	 	49	  
	 2.24
	  	Defaulting Lenders	  	 	50	  
	 2.25
	  	Joint and Several Liability of the Borrowers	  	 	52	  
	 2.26
	  	Notes	  	 	55	  
	 2.27
	  	Incremental Term Loans	  	 	55	  
	 2.28
	  	LTX as Administrative Borrower	  	 	57	  
		
	SECTION 3 LETTERS OF CREDIT	  	 	57	  
			
	 3.1
	  	L/C Commitment	  	 	57	  
	 3.2
	  	Procedure for Issuance of Letters of Credit	  	 	58	  
	 3.3
	  	Fees and Other Charges	  	 	59	  
	 3.4
	  	L/C Participations; Existing Letters of Credit	  	 	59	  
	 3.5
	  	Reimbursement	  	 	60	  
	 3.6
	  	Obligations Absolute	  	 	61	  
	 3.7
	  	Letter of Credit Payments	  	 	61	  
	 3.8
	  	Applications	  	 	61	  
	 3.9
	  	Interim Interest	  	 	61	  
	 3.10
	  	Cash Collateral	  	 	62	  
	 3.11
	  	Additional Issuing Lenders	  	 	63	  

  
 -i- 

 Table of Contents 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 3.12
	  	Resignation of the Issuing Lender	  	 	63	  
	 3.13
	  	Applicability of ISP	  	 	63	  
		
	SECTION 4 REPRESENTATIONS AND WARRANTIES	  	 	63	  
			
	 4.1
	  	Financial Condition	  	 	64	  
	 4.2
	  	No Change	  	 	64	  
	 4.3
	  	Existence; Compliance with Law	  	 	64	  
	 4.4
	  	Power, Authorization; Enforceable Obligations	  	 	65	  
	 4.5
	  	No Legal Bar	  	 	65	  
	 4.6
	  	Litigation	  	 	65	  
	 4.7
	  	No Default	  	 	66	  
	 4.8
	  	Ownership of Property; Liens; Investments	  	 	66	  
	 4.9
	  	Intellectual Property	  	 	66	  
	 4.10
	  	Taxes	  	 	66	  
	 4.11
	  	Federal Regulations	  	 	66	  
	 4.12
	  	Labor Matters	  	 	67	  
	 4.13
	  	ERISA	  	 	67	  
	 4.14
	  	Investment Company Act; Other Regulations	  	 	68	  
	 4.15
	  	Subsidiaries	  	 	68	  
	 4.16
	  	Use of Proceeds	  	 	68	  
	 4.17
	  	Environmental Matters	  	 	68	  
	 4.18
	  	Accuracy of Information, Etc.	  	 	69	  
	 4.19
	  	Security Documents	  	 	69	  
	 4.20
	  	Solvency	  	 	70	  
	 4.21
	  	Regulation H	  	 	70	  
	 4.22
	  	Designated Senior Indebtedness	  	 	70	  
	 4.23
	  	Certain Documents	  	 	70	  
	 4.24
	  	Insurance	  	 	70	  
	 4.25
	  	No Casualty	  	 	70	  
	 4.26
	  	Patriot Act	  	 	70	  
	 4.27
	  	OFAC	  	 	70	  
		
	SECTION 5 CONDITIONS PRECEDENT	  	 	71	  
			
	 5.1
	  	Conditions to Initial Extension of Credit	  	 	71	  
	 5.2
	  	Conditions to Each Extension of Credit	  	 	76	  
	 5.3
	  	Post-Closing Conditions Subsequent	  	 	76	  
		
	SECTION 6 AFFIRMATIVE COVENANTS	  	 	77	  
			
	 6.1
	  	Financial Statements	  	 	77	  
	 6.2
	  	Certificates; Reports; Other Information	  	 	78	  
	 6.3
	  	Reserved	  	 	80	  
	 6.4
	  	Payment of Taxes	  	 	80	  
	 6.5
	  	Maintenance of Existence; Compliance	  	 	80	  
	 6.6
	  	Maintenance of Property; Insurance	  	 	80	  
	 6.7
	  	Inspection of Property; Books and Records; Discussions	  	 	81	  
	 6.8
	  	Notices	  	 	81	  
	 6.9
	  	Environmental Laws	  	 	82	  
	 6.10
	  	Operating Accounts	  	 	82	  

  
 -ii- 

 Table of Contents 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 6.11
	  	Audits	  	 	82	  
	 6.12
	  	Additional Collateral, Etc.	  	 	82	  
	 6.13
	  	Reserved	  	 	84	  
	 6.14
	  	Insider Subordinated Indebtedness	  	 	84	  
	 6.15
	  	Acquisition	  	 	84	  
	 6.16
	  	Use of Proceeds	  	 	84	  
	 6.17
	  	Designated Senior Indebtedness	  	 	84	  
	 6.18
	  	Further Assurances	  	 	84	  
		
	SECTION 7 NEGATIVE COVENANTS	  	 	85	  
			
	 7.1
	  	Financial Condition Covenants	  	 	85	  
	 7.2
	  	Indebtedness	  	 	85	  
	 7.3
	  	Liens	  	 	87	  
	 7.4
	  	Fundamental Changes	  	 	88	  
	 7.5
	  	Disposition of Property	  	 	89	  
	 7.6
	  	Restricted Payments	  	 	90	  
	 7.7
	  	Reserved	  	 	91	  
	 7.8
	  	Investments	  	 	91	  
	 7.9
	  	ERISA	  	 	94	  
	 7.10
	  	Optional Payments and Modifications of Debt Instruments	  	 	94	  
	 7.11
	  	Transactions with Affiliates	  	 	94	  
	 7.12
	  	Sale Leaseback Transactions	  	 	94	  
	 7.13
	  	Swap Agreements	  	 	94	  
	 7.14
	  	Accounting Changes	  	 	95	  
	 7.15
	  	Negative Pledge Clauses	  	 	95	  
	 7.16
	  	Clauses Restricting Subsidiary Distributions	  	 	95	  
	 7.17
	  	Lines of Business	  	 	95	  
	 7.18
	  	Designation of other Indebtedness	  	 	96	  
	 7.19
	  	Amendments to Acquisition Documentation	  	 	96	  
	 7.20
	  	Amendments to Organizational Agreements	  	 	96	  
	 7.21
	  	Use of Proceeds	  	 	96	  
	 7.22
	  	Subordinated Debt	  	 	96	  
		
	SECTION 8 EVENTS OF DEFAULT	  	 	96	  
			
	 8.1
	  	Events of Default	  	 	96	  
	 8.2
	  	Remedies upon Event of Default	  	 	99	  
	 8.3
	  	Application of Funds	  	 	100	  
		
	SECTION 9 THE ADMINISTRATIVE AGENT	  	 	101	  
			
	 9.1
	  	Appointment and Authority	  	 	101	  
	 9.2
	  	Delegation of Duties	  	 	102	  
	 9.3
	  	Exculpatory Provisions	  	 	102	  
	 9.4
	  	Reliance by Administrative Agent	  	 	103	  
	 9.5
	  	Notice of Default	  	 	103	  
	 9.6
	  	Non-Reliance on Administrative Agent and Other Lenders	  	 	103	  
	 9.7
	  	Indemnification	  	 	104	  
	 9.8
	  	Agent in Its Individual Capacity	  	 	104	  
	 9.9
	  	Successor Administrative Agent	  	 	105	  

  
 -iii- 

 Table of Contents 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 9.10
	  	Collateral and Guaranty Matters	  	 	105	  
	 9.11
	  	Administrative Agent May File Proofs of Claim	  	 	106	  
	 9.12
	  	Survival	  	 	107	  
		
	SECTION 10 MISCELLANEOUS	  	 	107	  
			
	 10.1
	  	Amendments and Waivers	  	 	107	  
	 10.2
	  	Notices	  	 	109	  
	 10.3
	  	No Waiver; Cumulative Remedies	  	 	110	  
	 10.4
	  	Survival of Representations and Warranties	  	 	110	  
	 10.5
	  	Expenses; Indemnity; Damage Waiver	  	 	111	  
	 10.6
	  	Successors and Assigns; Participations and Assignments	  	 	112	  
	 10.7
	  	Adjustments; Set-off	  	 	116	  
	 10.8
	  	Payments Set Aside	  	 	117	  
	 10.9
	  	Interest Rate Limitation	  	 	117	  
	 10.10
	  	Counterparts; Electronic Execution of Assignments	  	 	117	  
	 10.11
	  	Severability	  	 	118	  
	 10.12
	  	Integration	  	 	118	  
	 10.13
	  	GOVERNING LAW	  	 	118	  
	 10.14
	  	Submission to Jurisdiction; Waivers	  	 	118	  
	 10.15
	  	Acknowledgements	  	 	119	  
	 10.16
	  	Releases of Guarantees and Liens	  	 	119	  
	 10.17
	  	Treatment of Certain Information; Confidentiality	  	 	119	  
	 10.18
	  	Automatic Debits	  	 	120	  
	 10.19
	  	Judgment Currency	  	 	120	  
	 10.20
	  	Patriot Act	  	 	121	  

  
 -iv- 

 Table of Contents 

(continued) 
  

 SCHEDULES 
  

			
	Schedule 1.1A:	  	Commitments
		
	Schedule 1.1B:	  	Existing Letters of Credit
		
	Schedule 4.4:	  	Governmental Approvals, Consents, Authorizations, Filings and Notices
		
	Schedule 4.5:	  	Requirements of Law
		
	Schedule 4.6:	  	Disclosed Matters
		
	Schedule 4.15:	  	Subsidiaries
		
	Schedule 4.17:	  	Environmental Matters
		
	Schedule 4.19(a):	  	Financing Statements and Other Filings
		
	Schedule 6.10:	  	Securities Accounts
		
	Schedule 7.2(d):	  	Existing Indebtedness
		
	Schedule 7.3(f):	  	Existing Liens
		
	Schedule 7.11:	  	Affiliate Transactions
		
	Schedule 7.15:	  	Negative Pledge Clauses
		
	Schedule 7.16	  	Clauses Restricting Subsidiary Distributions

 EXHIBITS 
  

			
	Exhibit A:	  	Form of Guarantee and Collateral Agreement
		
	Exhibit B:	  	Form of Compliance Certificate
		
	Exhibit C:	  	Form of Secretary’s/Managing Member’s Certificate
		
	Exhibit D:	  	Form of Solvency Certificate
		
	Exhibit E:	  	Form of Assignment and Assumption
		
	Exhibits F-1 – F-4:	  	Forms of U.S. Tax Compliance Certificate
		
	Exhibit G-1:	  	Form of Revolving Loan Note
		
	Exhibit G-2:	  	Form of Term Loan Note
		
	Exhibit H:	  	Form of Collateral Information Certificate
		
	Exhibit I:	  	Form of Notice of Borrowing
		
	Exhibit J:	  	Form of Notice of Conversion/Continuation

  
 -v- 

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT (this “Agreement”), dated as of November 27, 2013, is entered into by and among
LTX-CREDENCE CORPORATION, a Massachusetts corporation (“LTX”), and EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (“ECT” and collectively with LTX, the
“Borrower”), the several banks and other financial institutions or entities from time to time parties to this Agreement (each a “Lender” and, collectively, the “Lenders”),
SILICON VALLEY BANK, as the Issuing Lender, and SILICON VALLEY BANK (“SVB”), as administrative agent and collateral agent for the Lenders (in such capacity, the “Administrative
Agent”). 
 RECITALS: 

WHEREAS, LTX has entered into a Master Sale and Purchase Agreement, dated as of September 6, 2013 (as amended as of
November 27, 2013, and as further amended, supplemented or otherwise modified from time to time, in accordance with the provisions hereof and thereof, the “Acquisition Agreement”), with Dover Printing &
Identification, Inc., a Delaware corporation (the “Seller”) and certain of its affiliates, to acquire (the “Acquisition”) those certain Acquired Shares and Acquired Business as defined in the
Acquisition Agreement (collectively, the “Acquired Business”); 
 WHEREAS, LTX desires to obtain financing
for the Acquisition, as well as for working capital financing and letter of credit facilities, and to refinance the Existing LC Facility; 

WHEREAS, the Lenders have agreed to extend certain credit facilities to the Borrower, upon the terms and conditions specified in this
Agreement, in an aggregate amount not to exceed $55,000,000, consisting of (a) a term loan facility in the aggregate principal amount of $50,000,000, and (b) a revolving loan facility in an aggregate principal amount of up to $5,000,000,
with a letter of credit sub-facility in the aggregate availability amount of $5,000,000 (as a sublimit of the revolving loan facility); 

WHEREAS, each Borrower has agreed to secure all of its respective Obligations by granting to the Administrative Agent, for the ratable
benefit of the Secured Parties, a first priority lien (subject to Liens permitted by the Loan Documents) in substantially all of its respective personal property assets (other than any Excluded Assets) pursuant to the terms of the Guarantee and
Collateral Agreement and the other Security Documents; and 
 WHEREAS, each of the Guarantors has agreed to guarantee the Obligations
of the Borrower and to secure its respective Secured Obligations by granting to the Administrative Agent, for the ratable benefit of the Secured Parties, a first priority lien (subject to Liens permitted by the Loan Documents) in substantially all
of such Guarantor’s personal property assets (other than any Excluded Assets) pursuant to the terms of the Guarantee and Collateral Agreement and the other Security Documents. 

NOW, THEREFORE, the parties hereto hereby agree as follows: 

SECTION 1 
 DEFINITIONS

 1.1 Defined Terms. As used in this Agreement (including the recitals hereof), the terms listed in this Section 1.1
shall have the respective meanings set forth in this Section 1.1. 
 “ABR”: for any day, a rate per
annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to the higher of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect for such day plus 0.50%. Any change in the ABR due to a change
in the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of business on the effective day of such change in the Prime Rate or the Federal Funds Effective Rate. 

  
 1 

 “ABR Loans”: Loans, the rate of interest applicable to which is based
upon the ABR. 
 “Account Debtor”: any Person who may become obligated to any Person under, with respect to, or on
account of, an Account, chattel paper or general intangible (including a payment intangible). Unless otherwise stated, the term “Account Debtor,” when used herein, shall mean an Account Debtor in respect of an Account of the Borrower. 

“Accounts”: all “accounts” (as defined in the UCC) of a Person, including, without limitation, accounts,
accounts receivable, monies due or to become due and obligations in any form (whether arising in connection with contracts, contract rights, instruments, general intangibles, or chattel paper), in each case whether arising out of goods sold or
services rendered or from any other transaction and whether or not earned by performance, now or hereafter in existence, and all documents of title or other documents representing any of the foregoing, and all collateral security and guaranties of
any kind, now or hereafter in existence, given by any Person with respect to any of the foregoing. Unless otherwise stated, the term “Account,” when used herein, shall mean an Account of the Borrower. 

“Acquired Business”: as defined in the recitals. 

“Acquisition”: as defined in the recitals. 

“Acquisition Agreement”: as defined in the recitals. 

“Acquisition Documentation”: collectively, the Acquisition Agreement and all schedules, exhibits and annexes thereto
and all side letters and agreements affecting the terms thereof or entered into in connection therewith. 
 “Administrative
Agent”: SVB, as the administrative agent under this Agreement and the other Loan Documents, together with any of its successors in such capacity. 

“Affected Lender”: as defined in Section 2.23. 

“Affiliate”: with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agent
Parties”: is defined in Section 10.2(d)(ii). 
 “Aggregate Exposure”: with respect to any
Lender at any time, an amount equal to the sum of (a) the aggregate then unpaid principal amount of such Lender’s Term Loans, (b) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving Commitments
have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding, and (c) without duplication of clause (b), the L/C Commitment of such Lender then in effect (as a sublimit of the Revolving Commitment of
such Lender). 
 “Aggregate Exposure Percentage”: with respect to any Lender at any time, the ratio (expressed as a
percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time. 

  
 2 

 “Agreement”: as defined in the preamble hereto. 

“Agreement Currency”: as defined in Section 10.19. 

“Applicable Margin”: commencing on the date on which the Administrative Agent receives copies of the consolidated
financial statements of LTX and its Subsidiaries in respect of the fiscal quarter of LTX ending January 31, 2014, together with a Compliance Certificate in respect thereof as contemplated by Section 6.2(b), the rate per annum set
forth under the relevant column heading below: 
 TERM LOANS 

 

											
	 Level
	  	 Consolidated Leverage Ratio
	  	Eurodollar Loans	 	 	ABR Loans	 
				
	I	  	< 1.00:1.00	  	 	2.50	% 	 	 	1.50	% 
				
	II	  	3 1.00:1.00 but < 2.00:1.00	  	 	3.00	% 	 	 	2.00	% 
				
	III	  	3 2.00:1.00	  	 	3.50	% 	 	 	2.50	% 

 REVOLVING LOANS AND LETTERS OF CREDIT 

 

											
	 Level
	  	 Consolidated Leverage Ratio
	  	Eurodollar Loans and
Letter of Credit Fees	 	 	ABR Loans	 
				
	I	  	< 1.00:1.00	  	 	2.50	% 	 	 	1.50	% 
				
	II	  	3 1.00:1.00 but < 2.00:1.00	  	 	3.00	% 	 	 	2.00	% 
				
	III	  	3 2.00:1.00	  	 	3.50	% 	 	 	2.50	% 

 Notwithstanding the foregoing, (a) (i) until the delivery of the first Compliance Certificate required to
be delivered pursuant to Section 6.2(b) in connection with the delivery by the Borrower of the consolidated financial statements required to be delivered to the Administrative Agent pursuant to Sections 6.1(a), and (ii) in
respect of the fiscal quarter of LTX ending January 31, 2014, the Applicable Margin shall be the rates set forth in Level I of the foregoing table, (b) if the Borrower fails to deliver the financial statements required by
Section 6.1 and the related Compliance Certificate required by Section 6.2(b), by the respective date required thereunder after the end of any related fiscal quarter of LTX, the Applicable Margin shall be the rates set forth
in Level III of the foregoing table until such financial statements and Compliance Certificate are delivered, and (c) no reduction to the Applicable Margin shall become effective at any time when an Event of Default has occurred and is
continuing. 
 If, as a result of any restatement of or other adjustment to the financial statements of the Loan Parties, the Administrative
Agent determines that the Consolidated Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate in any respect such that a proper calculation of the Consolidated Leverage Ratio would have resulted in different
pricing for any period, then (i) if the proper calculation of the Consolidated Leverage Ratio would have resulted in higher pricing for such period, the Borrower shall automatically and retroactively be obligated to pay to the Administrative
Agent, for the benefit of the applicable Lenders, promptly on demand by the Administrative Agent, an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees
actually paid for such period; and (ii) if the proper calculation of the Consolidated Leverage Ratio would have resulted in lower pricing for such period, neither the Administrative Agent nor any Lender shall have any obligation to repay any
interest or fees to the Borrower, provided that the applicable pricing tier for future periods shall be determined using the applicable restated or adjusted financial statements. 

  
 3 

 “Application”: an application, in such form as the Issuing Lender may
specify from time to time, requesting the Issuing Lender to issue a Letter of Credit. 
 “Approved Fund”: 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. 

“Asset Sale”: any Disposition of property or series of related Dispositions of property (excluding any such
Disposition of property permitted by Section 7.5) that yields gross proceeds to any Group Member (valued at the initial principal amount thereof in the case of non-cash proceeds consisting of notes or other debt securities and valued at
fair market value in the case of other non-cash proceeds) in excess of $1,000,000. 
 “Assignment and Assumption”:
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 10.6), and accepted by the Administrative Agent, in substantially the form of
Exhibit E or any other form (including electronic documentation generated by an electronic platform) approved by the Administrative Agent. 

“Available Revolving Commitment”: at any time, an amount equal to the Total Revolving Commitments in effect at such
time, minus (b) the aggregate undrawn amount of all outstanding Letters of Credit at such time, minus (c) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at
such time, minus (d) the aggregate principal balance of any Revolving Loans outstanding at such time. 
 “Bankruptcy
Code”: Title 11 of the United States Code entitled “Bankruptcy.” 
 “Bank
Services”: any products, credit services and/or financial accommodations previously, now, or hereafter provided to the Borrowers or any of their Subsidiaries by SVB or any of its Affiliates, including any letters of credit (other
than any Letters of Credit provided for the account of the Borrower hereunder), Cash Management Services, interest rate swap arrangements (other than to the extent constituting Specified Swap Agreements), and foreign exchange services (including
with respect to FX Forward Contracts), as any such products or services may be identified in SVB’s various agreements related thereto (each, a “Bank Services Agreement”). 

“Bank Services Agreement”: as defined in the definition of “Bank Services.” 

“Benefitted Lender”: as defined in Section 10.7(a). 

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

“Borrower”: as defined in the preamble hereto. 

“Borrowing Date”: any Business Day specified by the Borrower in a Notice of Borrowing as a date on which the Borrower
requests the relevant Lenders to make Loans hereunder. 
 “Business”: as defined in Section 4.17(b).

 “Business Day”: a day other than a Saturday, Sunday or other day on which commercial banks in the State of New
York are authorized or required by law to close; provided that with respect to notices and determinations in connection with, and payments of principal and interest on, Eurodollar Loans, such day is also a day for trading by and between banks
in Dollar deposits in the interbank eurodollar market. 

  
 4 

 “Capital Lease Obligations”: as to any Person, the obligations of such
Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a
balance sheet of such Person under GAAP and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP as in effect on the date of this
Agreement. 
 “Capital Stock”: any and all shares, interests, participations or other equivalents (however
designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing. 

“Cash Collateralize”: to deposit in a Controlled Account or to pledge and deposit with or deliver to (a) with
respect to Obligations in respect of Letters of Credit, the Administrative Agent, for the benefit of the Issuing Lender and one or more of the Lenders, as applicable, as collateral for L/C Exposure or obligations of the Lenders to fund
participations in respect thereof, cash or Deposit Account balances having an aggregate value of at least 105% of the L/C Exposure (or, with respect to L/C Exposure consisting of foreign Letters of Credit, 110% of such L/C Exposure) or, if the
Administrative Agent and the Issuing Lender shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to the Administrative Agent and such Issuing Lender; (b) with
respect to Obligations arising under any Bank Services Agreement in connection with Bank Services, SVB, for its own or any of its applicable Affiliate’s benefit, as provider of such Bank Services, cash or Deposit Account balances having an
aggregate value of at least 105% of the aggregate amount of the Obligations of the Group Members arising under all such Bank Services Agreements evidencing such Bank Services; or (c) except to the extent provided under any Specified Swap
Agreement with respect to Obligations in respect of such Specified Swap Agreement, the applicable Qualified Counterparty, as Collateral for such Obligations, cash or Deposit Account balances or, if such Qualified Counterparty shall agree in its
reasonable discretion, other credit support, in each case pursuant to documentation in an amount, in form and substance reasonably satisfactory to such Qualified Counterparty. “Cash Collateral” shall have a meaning
correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 
 “Cash
Equivalents”: (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States Government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case
maturing within one year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits having maturities of one year or less from the date of acquisition issued by any Lender or by
any commercial bank organized under the laws of the United States or any state thereof having combined capital and surplus of not less than $250,000,000; (c) commercial paper of an issuer rated at least A-1 by S&P or P-1 by Moody’s, or
carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within six months from the date of acquisition;
(d) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by
the United States government; (e) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing
authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by
S&P or A by Moody’s; (f) securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of
this definition; (g) debt securities issued by corporate issuers made by the Borrower in accordance with its official investment policy (as the same shall be amended 

  
 5 

 
from time to time), (h) money market mutual or similar funds that invest exclusively in assets satisfying the requirements of clauses (a) through (g) of this definition, and assets
of comparable quality (as reasonably determined by the Administrative Agent); or (i) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (ii) are rated
AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000. 
 “Casualty
Event”: any damage to or any destruction of, or any condemnation or other taking by any Governmental Authority of any property of the Loan Parties. 

“Certificated Securities”: as defined in Section 4.19(a). 

“Change of Control”: (a) at any time, any “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Exchange Act), shall become, or obtain rights (whether by means or warrants, options or otherwise) to become, the “beneficial owner” (as defined in Rules 13(d)-3 and
13(d)-5 under the Exchange Act), directly or indirectly, of 50% or more of the ordinary voting power for the election of directors of LTX (determined on a fully diluted basis); (b) during any period of 24
consecutive months, a majority of the members of the board of directors or other equivalent governing body of LTX cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such
period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or
equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or
nomination at least a majority of that board or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office as, a member of that board or
equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or consents for the election or removal of one or more directors by any person or group other than a solicitation for the election of one or more
directors by or on behalf of the board of directors); or (c) at any time, LTX shall cease to own and control, of record and beneficially, directly or indirectly, 100% of each class of outstanding Capital Stock of each other Loan Party free and
clear of all Liens (except Liens created by the Security Documents or otherwise permitted under Section 7.3 or a merger, disposition, consolidation or amalgamation permitted by Sections 7.4 or 7.5). 

“Closing Date”: the date on which all of the conditions precedent set forth in Section 5.1 are satisfied
or waived by the Administrative Agent and, as applicable, the Lenders or the Required Lenders. 
 “Code”: the
Internal Revenue Code of 1986, as amended from time to time. 
 “Collateral”: all property of the Loan Parties, now
owned or hereafter acquired, upon which a Lien is purported to be created by any Security Document. For the avoidance of doubt, no Excluded Asset (as such term is defined in the Guarantee and Collateral Agreement) shall constitute
“Collateral.” 
 “Collateral Information Certificate”: the Collateral Information Certificate to be
executed and delivered by the Loan Parties pursuant to Section 5.1, substantially in the form of Exhibit H. 

“Collateral-Related Expenses”: all reasonable costs and expenses of the Administrative Agent paid or incurred in
connection with any sale, collection or other realization on the Collateral, including reasonable attorneys’ fees (including as described in Section 6.6 of the Guarantee and Collateral Agreement), and all amounts for which the
Administrative Agent is entitled to indemnification under the Security Documents and all advances made by the Administrative Agent under the Security Documents for the account of any Loan Party. 

  
 6 

 “Commitment”: as to any Lender, the sum of its Term Commitment and its
Revolving Commitment. 
 “Commitment Fee”: as defined in Section 2.9(a). 

“Commitment Fee Rate”: 0.35% per annum. 

“Commitment Letter”: the Commitment Letter, dated September 6, 2013, between LTX and the Administrative Agent.

 “Communications”: is defined in Section 10.2(d)(ii). 

“Compliance Certificate”: a certificate duly executed by a Responsible Officer of the Borrower substantially in the
form of Exhibit B. 
 “Connection Income Taxes”: Other Connection Taxes that are imposed on or measured
by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated Capital
Expenditures”: for any period, with respect to LTX and its consolidated Subsidiaries, the aggregate of all expenditures (whether paid in cash or other consideration or accrued as a liability and including that portion of Capital Lease
Obligations which is required to be capitalized on the consolidated balance sheet of LTX under GAAP as in effect on the date of this Agreement) by such Group Members during such period for the acquisition or leasing (pursuant to a capital lease) of
fixed or capital assets or additions to equipment (including replacements, capitalized repairs and improvements during such period) that, in conformity with GAAP as in effect on the date of this Agreement, are included in “additions to
property, plant or equipment” or comparable items reflected in the consolidated statement of cash flows of LTX; provided that “Consolidated Capital Expenditures” shall not include (a) expenditures in respect
of normal replacements and maintenance which are properly charged to current operations, (b) expenditures made in connection with the replacement, substitution or restoration of assets to the extent financed (i) from insurance proceeds
paid on account of the loss of or damage to the assets being replaced or restored or (ii) with awards of compensation arising from the taking by eminent domain or condemnation of the assets being replaced, or (c) expenditures made as a
tenant as leasehold improvements during such period to the extent reimbursed by the landlord during such period. 
 “Consolidated
EBITDA”: with respect to LTX and its consolidated Subsidiaries for any period, (a) the sum, without duplication, of the amounts for such period of (i) Consolidated Net Income, plus (ii) Consolidated Interest
Expense, plus (iii) provisions for taxes based on income, plus (iv) total depreciation expense, plus (v) total amortization expense, plus (vi) costs and expenses relating to the Acquisition and the
transactions contemplated under the Loan Documents not in excess of $$4,500,000 in the aggregate, plus (vii) non-cash stock compensation expense, plus (viii) non-cash foreign exchange losses, plus (ix) other non-cash items reducing Consolidated Net Income (excluding any such non-cash item to the extent that it represents an accrual or reserve for potential cash items in any future
period or amortization of a prepaid cash item that was paid in a prior period) approved by the Administrative Agent in writing as an ‘add back’ to Consolidated EBITDA, minus (b) the sum, without duplication of the
amounts for such period of other non-cash items increasing Consolidated Net Income for such period (excluding any such non-cash item to the extent it represents the
reversal of an accrual or reserve for potential cash item in any prior period). 
 “Consolidated Fixed Charge Coverage
Ratio”: with respect to LTX and its consolidated Subsidiaries for any period, the ratio of (a) the sum of (i) Consolidated EBITDA for such period minus (ii) the portion of taxes based on income actually paid
in cash (net of any cash refunds received) during 

  
 7 

 
such period minus (iii) Consolidated Capital Expenditures (excluding the principal amount funded with the Loans) incurred in connection with such expenditures) to
(b) Consolidated Fixed Charges for such period. 
 “Consolidated Fixed Charges”: with respect to LTX and its
consolidated Subsidiaries for any period, the sum (without duplication) of (a) Consolidated Interest Expense for such period, plus (b) scheduled payments made during such period on account of principal of Indebtedness of LTX
and its consolidated Subsidiaries (including scheduled principal payments in respect of the Term Loans but excluding Loans under the Revolving Commitments to the extent the Borrower has the right to continue or convert such Loans pursuant to
Section 2.13); provided that, for the first year following the Closing Date any calculation of Consolidated Fixed Charges shall be made for the period of time from the Closing Date through such date of calculation and annualized
(x) with a multiple of 4x for the period ending January 31, 2014, (y) with a multiple of 2x for the period ending April 30, 2014, and (z) with a multiple of 1.3x for the period ending July 31, 2014. 

“Consolidated Interest Expense”: for any period, total cash interest expense (including that portion of any Capital
Lease Obligations that is treated as interest in accordance with GAAP) of LTX and its consolidated Subsidiaries for such period with respect to all outstanding Indebtedness of such Persons (including all commissions, discounts and other fees and
charges owed with respect to letters of credit and bankers’ acceptance financing and net costs under Swap Agreements in respect of interest rates to the extent such net costs are allocable to such period in accordance with GAAP). 

“Consolidated Leverage Ratio”: as at the last day of any period, the ratio of (a) Consolidated Senior
Indebtedness on such day, to (b) Consolidated EBITDA for such period. 
 “Consolidated Net Income”: for
any period, the consolidated net income (or loss) of LTX and its consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded from the calculation of “Consolidated Net
Income” (a) the income (or deficit) of any such Person accrued prior to the date it becomes a Subsidiary of LTX or is merged into or consolidated with LTX or one of its Subsidiaries, (b) the income (or deficit) of any such Person
(other than a Subsidiary of LTX) in which LTX or one of its Subsidiaries has an ownership interest, except to the extent that any such income is actually received by LTX or such Subsidiary in the form of dividends or similar distributions, and
(c) the undistributed earnings of any Subsidiary of LTX to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary is not at the time permitted by the terms of any Contractual Obligation (other than
under any Loan Document) or any Requirement of Law applicable to such Subsidiary or any owner of Capital Stock of such Subsidiary. 

“Consolidated Senior Indebtedness”: as of any date of determination, the aggregate principal amount of all senior
Indebtedness of LTX and its consolidated Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP, excluding for the avoidance of doubt any liabilities referred to in clauses (f) and (g) of the definition of
“Indebtedness” and the obligations of the Borrowers under the Seller Note. 
 “Contractual Obligation”: as
to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control”: the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

  
 8 

 “Control Agreement”: any account control agreement entered into among the
depository institution at which a Loan Party maintains a Deposit Account or the securities intermediary at which a Loan Party maintains a Securities Account, such Loan Party, and the Administrative Agent pursuant to which the Administrative Agent
obtains control (within the meaning of the UCC or any other applicable law) over such Deposit Account or Securities Account. 

“Controlled Account”: each Deposit Account and Securities Account that is subject to a Control Agreement in form and
substance reasonably satisfactory to the Administrative Agent and the Issuing Lender; provided that unless the Administrative Agent has delivered a notice of exclusive control or similar instruction under such Control Agreement, the
depositary or intermediary, as applicable, with respect to such Controlled Account may comply with the instructions of the applicable Loan Party. 

“Debtor Relief Laws”: the Bankruptcy Code, 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. 

“Declined Amount”: as defined in Section 2.12(e). 

“Default”: any of the events specified in Section 8.1, whether or not any requirement for the giving of
notice, the lapse of time, or both, has been satisfied. 
 “Default Rate”: as defined in
Section 2.15(c). 
 “Defaulting Lender”: subject to Section 2.24(b), any Lender that
(a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that
such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been
satisfied, or (ii) pay to the Administrative Agent, the Issuing Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two (2) Business Days
of the date when due, (b) has notified the Borrower, the Administrative Agent or the Issuing Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such
writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s reasonable determination that a condition precedent to funding (which condition precedent,
together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the
Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon
receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had
appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance
Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any
direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, 

  
 9 

 
disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses
(a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.24(b)) upon delivery of written notice of such determination to the
Borrower, the Issuing Lender and each Lender. 
 “Deposit Account”: any “deposit account” as defined in
the UCC with such additions to such term as may hereafter be made. 
 “Deposit Account Control Agreement”: any
Control Agreement entered into by the Administrative Agent, a Loan Party and a financial institution holding a Deposit Account of such Loan Party pursuant to which the Administrative Agent is granted “control” (for purposes of the UCC)
over such Deposit Account. 
 “Determination Date”: as defined in the definition of “Pro Forma Basis”.

 “Discharge of Obligations”: subject to Section 10.8, the satisfaction of the Obligations (including
all such Obligations relating to Bank Services) by the payment in full, in cash (or, as applicable, Cash Collateralization in accordance with the terms of the definition thereof) of the principal of and interest on or other liabilities relating to
each Loan and any previously provided Bank Services, all fees and all other expenses or amounts payable under any Loan Document (other than inchoate indemnification obligations and any other obligations which pursuant to the terms of any Loan
Document specifically survive repayment of the Loans for which no claim has been made), to the extent (a) no Obligations in respect of any Bank Services are outstanding (or, as applicable, all such outstanding Obligations in respect of Bank
Services have been Cash Collateralized in accordance with the terms hereof), (b) no Letter of Credit shall be outstanding (or, as applicable, each outstanding and undrawn Letter of Credit has been Cash Collateralized) and (c) the aggregate
Commitments of the Lenders are terminated. The existence of obligations under any Specified Swap Agreement shall not preclude the “Discharge of Obligations” so long as such obligations are Cash Collateralized in accordance
with the terms of the definition thereof. 
 “Disposition”: with respect to any property (including, without
limitation, Capital Stock of the LTX or any of its Subsidiaries), any sale, lease, Sale Leaseback Transaction, assignment, conveyance, transfer or other disposition thereof. The terms “Dispose” and “Disposed
of” shall have correlative meanings. 
 “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, in each case at the option of the holder thereof), 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 date on which the Loans mature. The amount of Disqualified Stock deemed to be
outstanding at any time for purposes of this Agreement will be the maximum amount that LTX and its Subsidiaries may become obligated to pay upon maturity of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock or portion
thereof, plus accrued dividends. 
 “Dollars” and “$”: dollars in lawful currency of the
United States. 
 “Domestic Accounts Receivable”: accounts receivable of the Loan Parties that are billed and
collected in the United States and other accounts receivable acceptable to the Administrative Agent in its sole discretion. 

  
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 “Domestic Subsidiary”: any Subsidiary of any Loan Party organized under
the laws of any jurisdiction within the United States. 
 “Eligible Assignee”: any Person that meets the
requirements to be an assignee under Section 10.6(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under Section 10.6(b)(iii)). 

“Eligible Syndication Transferee”: is any of (a) a commercial bank organized under the laws of the United States,
or any state thereof, and having total assets in excess of $250,000,000, (b) a commercial bank organized under the laws of any other country which is a member of the Organization for Economic Cooperation and Development or a political
subdivision of any such country and which has total assets in excess of $250,000,000, provided that such bank is acting through a branch or agency located in the United States, (c) a finance company, insurance company, or other financial
institution that is engaged in making, purchasing, or otherwise investing in commercial loans in the ordinary course of its business, that has (together with its Affiliates) total assets in excess of $250,000,000 and that is regulated by the Federal
Reserve Bank, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation or the Office of Thrift Supervision, and (d) any Affiliate (other than individuals) of a pre-existing Lender. 

“Environmental Laws”: any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations,
statutes, ordinances, codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability or standards of conduct concerning protection of human health or the
environment, as now or may at any time hereafter be in effect. 
 “Environmental Liability: any liability, contingent or
otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon
(a) a violation of an Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Materials of Environmental Concern, (c) exposure to any Materials of Environmental Concern, (d) the
release or threatened release of any Materials of Environmental Concern into the environment, or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

 “Equity Interests” with respect to any Person, all of the shares of capital stock of (or other ownership or
profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible
into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the
other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of
determination. 
 “ERISA”: the Employee Retirement Income Security Act of 1974, including (unless the context
otherwise requires) any rules or regulations promulgated thereunder. 
 “ERISA Affiliate”: each business or entity
which is, or within the last six years was, a member of a “controlled group of corporations,” under “common control” or an “affiliated service group” with any Loan Party within the meaning of Section 414(b),
(c) or (m) of the Code, required to be aggregated with any Loan Party under Section 414(o) of the Code, or is, or within the last six years was, under “common 

  
 11 

 
control” with any Loan Party, within the meaning of Section 4001(a)(14) of ERISA, but only during such periods when such relationship described in Section 414(b), (c), (m), or
(o) of the Code or Section 4001(a)(14) of ERISA with such Loan Party existed. 
 “ERISA Event”: any of
(a) a reportable event as defined in Section 4043 of ERISA with respect to a Pension Plan, excluding, however, such events as to which the PBGC by regulation has waived the requirement of Section 4043(a) of ERISA that it be notified
within 30 days of the occurrence of such event; (b) the applicability of the requirements of Section 4043(b) of ERISA with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, to any Pension Plan where an
event described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such plan within the following 30 days; (c) a withdrawal by any Loan Party or any ERISA
Affiliate thereof from a Pension Plan or the termination of any Pension Plan resulting in liability under Sections 4063 or 4064 of ERISA; (d) the withdrawal of any Loan Party or, to the knowledge of any Loan Party, any ERISA Affiliate
thereof in a complete or partial withdrawal (within the meaning of Section 4203 and 4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefore, or the receipt by any Loan Party or, to the knowledge of an Loan
Party, any ERISA Affiliate thereof of notice from any Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA; (e) the filing of a notice of intent to terminate, the treatment of a plan
amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (f) the imposition of liability on any Loan Party or any ERISA Affiliate
thereof pursuant to Sections 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; (g) the failure by any Loan Party or any ERISA Affiliate thereof to make any required contribution to a Pension Plan, or the
failure to meet the minimum funding standard of Section 412 of the Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of the Code) or the failure to make by its due date a required installment
under Section 430 of the Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (h) the determination that any Pension Plan is considered an at-risk plan or a plan in endangered to
critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; (i) an event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment
of a trustee to administer, any Pension Plan or Multiemployer Plan; (j) the imposition of any liability under Title I or Title IV of ERISA, other than PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Loan
Party or any ERISA Affiliate thereof; (k) an application for a funding waiver under Section 303 of ERISA or an extension of any amortization period pursuant to Section 412 of the Code with respect to any Pension Plan; (l) the
occurrence of a non-exempt prohibited transaction under Sections 406 or 407 of ERISA which results in material Liability of any Loan Party or any Subsidiary; (m) the occurrence of an act or omission which
results in the material Liability of any Loan Party or any ERISA Affiliate thereof of fines, penalties or taxes under Chapter 43 of the Code or under Sections 409, 502(c), (i) or (1) or 4071 of ERISA; (n) the filing in Federal or
state court of a material claim (other than routine claims for benefits) against any Pension Plan or the assets thereof, or against any Loan Party or any Subsidiary thereof in connection with any such Pension Plan; (o) receipt from the IRS of
notice of the failure of any Pension Plan to qualify under Section 401(a) of the Code, or the failure of any trust forming part of any Pension Plan to fail to qualify for exemption from taxation under Section 501(a) of the Code; or
(p) the imposition by a Federal Court of any lien on any of the rights, properties or assets of any Loan Party or any ERISA Affiliate thereof, in either case pursuant to Title I or IV, including Section 302(f) or 303(k) of ERISA or to
Section 401(a)(29) or 430(k) of the Code. 
 “ERISA Funding Rules”: the rules regarding minimum required
contributions (including any installment payment thereof) to Pension Plans, as set forth in Section 412 of the Code and Section 302 of ERISA, with respect to Plan years ending prior to the effective date of the Pension Protection Act of
2006, and thereafter, as applicable and in effect in Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA, taking into account subsequent statutory provisions and applicable regulatory guidance. 

  
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 “Eurocurrency Reserve Requirements”: for any day as applied to a
Eurodollar Loan, the aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency reserves) under any regulations of the
Board or other Governmental Authority having jurisdiction with respect thereto dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board)
maintained by a member bank of the Federal Reserve System. 
 “Eurodollar Base Rate”: with respect to each day
during each Interest Period pertaining to a Eurodollar Loan, the rate per annum determined by the Administrative Agent by reference to the British Bankers’ Association LIBOR Rate or the successor thereto if the British Bankers’ Association
is no longer making a LIBOR rate available (“LIBOR”) for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 A.M.
(London, England time) two (2) Business Days prior to the beginning of such Interest Period (as set forth by Bloomberg Information Service or any successor thereto or any other commercially available service selected by the Administrative Agent
which provides quotations of LIBOR). In the event that the Administrative Agent determines that LIBOR is not available, the “Eurodollar Base Rate” shall be determined by reference to the rate per annum equal to the offered quotation rate
to first class banks in the London interbank market by SVB for deposits (for delivery on the first day of the relevant Interest Period) in Dollars of amounts in same day funds comparable to the principal amount of the applicable Loan of the
Administrative Agent, in its capacity as a Lender, for which the Eurodollar Base Rate is then being determined with maturities comparable to such period, as of approximately 11:00 A.M. (London, England time) two (2) Business Days prior to the
beginning of such Interest Period. 
 “Eurodollar Loans”: Loans the rate of interest applicable to which is based
upon the Eurodollar Rate. 
 “Eurodollar Rate”: with respect to each day during each Interest Period pertaining to a
Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula: 
  

					
		 	 Eurodollar Base Rate
	 	
		 	1.00 - Eurocurrency Reserve Requirements	 	

 The Eurodollar Rate shall be adjusted automatically as of the effective date of any change in the Eurocurrency
Reserve Requirements which affect Eurodollar Loans to be made as of, and ABR Loans to be converted into Eurodollar Loans, in any such case, at the beginning of the next applicable Interest Period. 

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

“Event of Default”: any of the events specified in Section 8.1; provided that any requirement for
the giving of notice, the lapse of time, or both, has been satisfied. 
 “Excess Cash Flow”: for any fiscal year (or
other period) of the Borrower, the excess, if any, of (i) the sum of (a) Consolidated EBITDA for such fiscal year plus (b) provisions for current taxes based on 

  
 13 

 
income of LTX and its Subsidiaries and payable in cash with respect to such period, minus (ii) the sum, without duplication, of (a) the aggregate amount actually paid by LTX and
its Subsidiaries in cash during such fiscal year (or other period) on account of Consolidated Capital Expenditures (excluding the principal amount of Loans incurred in connection with such expenditures, and any such expenditures financed with the
proceeds of any Reinvestment Deferred Amount), plus (b) the aggregate amount of funds for which legally binding commitments have been made by LTX and its Subsidiaries to consummate Permitted Acquisitions, plus (c) the
aggregate amount of all prepayments of Revolving Loans during such fiscal year to the extent accompanying permanent optional reductions of the Revolving Commitments, and all optional prepayments of the Term Loans during such fiscal year (or other
period) (excluding, in each case, prepayments to the extent financed with proceeds of other Indebtedness), plus (d) the aggregate amount of all regularly scheduled principal payments of Funded Debt (including the Term Loans) of LTX and
its Subsidiaries made during such fiscal year (or other period) (other than in respect of any revolving credit facility to the extent there is not an equivalent permanent reduction in commitments thereunder), plus (e) the distributed
earnings of the Borrower to the extent of the declaration or payment of dividends or similar distributions by the Borrower. 

“Excess Cash Flow Application Date”: as defined in Section 2.12(d). 

“Exchange Act”: the Securities Exchange Act of 1934, as amended from time to time and any successor statute. 

“Excluded Assets”: as defined in the Guarantee and Collateral Agreement. 

“Excluded Foreign Subsidiary”: in respect of any Loan Party, any Subsidiary of such Loan Party, at any date of
determination, (a) that is a “controlled foreign corporation” as defined in Section 957 of the Code, (b) that is a Subsidiary of a “controlled foreign corporation” as defined in Section 957 of the Code, or
(c) substantially all of the assets of which are equity interests in a “controlled foreign corporation” as defined in Section 957 of the Code. 

“Excluded Taxes”: any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or
deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in any such case (i) to the extent imposed as a result of such Recipient being
organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof), or (ii) to the extent constituting
Other Connection Taxes; (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on
the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 2.23) or (ii) such Lender changes its lending office, except in each
case to the extent that, pursuant to Section 2.20, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed
its lending office; (c) Taxes attributable to such Recipient’s failure to comply with Section 2.20(f); and (d) any U.S. federal withholding Taxes imposed under FATCA. 

“Existing Letters of Credit”: the letters of credit described on Schedule 1.1B. 

“Extraordinary Receipt”: any cash received by any Loan Party on account of one-time extraordinary events not in the
ordinary course of business, including tax refunds, pension plan reversions, indemnity payments and purchase price adjustments (but excluding cash received in connection with dispositions permitted pursuant to Section 7.4 and 7.5, Investments
permitted under 

  
 14 

 
Section 7.8, Indebtedness permitted pursuant to Section 7.2, Restricted Payments permitted pursuant to Section 7.6 and the proceeds of the issuance or sale by LTX of Capital Stock
not constituting Disqualified Capital Stock), in each case in excess of $1,000,000 with respect to any such receipt or $3,000,000 in any fiscal year of the Borrower. 

“Facility”: each of (a) the Term Facility, (b) the L/C Facility (which is a sub-facility of the Revolving
Facility), and (c) the Revolving Facility. 
 “FASB ASC”: the Accounting Standards certification of the
Financial Accounting Standards Board. 
 “FATCA”: (a) Sections 1471 through 1474 of the Code, as of the date of
this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof, (b) any treaty, law, regulation or
other official guidance enacted in any jurisdiction, or relating to an intergovernmental agreement between the United States and any other jurisdiction with the purpose (in either case) of facilitating the implementation of (a) above, or
(c) any agreement pursuant to the implementation of paragraphs (a) or (b) above with the United States Internal Revenue Service, the United States government or any governmental or taxation authority in the United States. 

“Federal Funds Effective Rate”: for any day, the weighted average of the rates on overnight federal funds transactions
with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the
average of the quotations for the day of such transactions received by SVB from three federal funds brokers of recognized standing selected by it. 

“Fee Letter”: the letter agreement dated September 6, 2013, between LTX and the Administrative Agent. 

“Flow of Funds Agreement”: the disbursement authorization letter made by the Borrowers to the Administrative Agent
regarding the disbursement of Loan proceeds on the Closing Date. 
 “Foreclosed Borrower”: as defined in
Section 2.25. 
 “Foreign Currency”: lawful money of a country other than the United States. 

“Foreign Law Pledge Agreement”: in respect of the grant by any Loan Party to the Administrative Agent (for the ratable
benefit of the Secured Parties) of a Lien on certain of the Equity Interests in any Material Foreign Subsidiary owned by such Loan Party, any pledge agreement (however designated) reasonably required by the Administrative Agent to be prepared under
the laws of the foreign jurisdiction in which such Foreign Subsidiary is organized and executed by such Loan Party (and, as applicable, such Material Foreign Subsidiary) for the purpose of creating, perfecting and otherwise protecting such Lien to
the maximum extent reasonably possible under the laws of such foreign jurisdiction. 
 “Foreign Pledge Documents”:
collectively, in respect of the grant by any Loan Party to the Administrative Agent (for the ratable benefit of the Secured Parties) of a Lien on certain of the Equity Interests in any Material Foreign Subsidiary owned by such Loan Party, any
related Foreign Law Pledge Agreement, any related filings, an opinion delivered by local counsel in the foreign jurisdiction in which such Material Foreign Subsidiary is organized and addressing the effectiveness of the pledge by such

  
 15 

 
Loan Party to the Administrative Agent (for the ratable benefit of the Secured Parties) of the pledged Equity Interests in such Material Foreign Subsidiary having been issued to such Loan Party,
any related authorizing resolutions adopted by the board of directors (or equivalent) of such Loan Party in connection with such pledge, any amendments to the organizational documents of such Material Foreign Subsidiary required by the
Administrative Agent to facilitate the pledge by such Loan Party to the Administrative Agent (for the ratable benefit of the Secured Parties) of such pledged Equity Interests, and any other agreements, documents, instruments, notices, filings or
other items, in each case to the extent reasonably required by the Administrative Agent to be executed and/or delivered in connection with any of the foregoing. 

“Foreign Lender”: (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the
Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. 

“Foreign Subsidiary”: in respect of any Loan Party, any Subsidiary of such Loan Party that is not a Domestic
Subsidiary of such Loan Party. 
 “Fronting Exposure”: at any time there is a Defaulting Lender, such Defaulting
Lender’s L/C Percentage of the outstanding L/C Exposure other than L/C Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.

 “Fund”: 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 activities. 
 “Funded
Debt”: as to any Person, all Indebtedness of such Person which matures more than one year from the date of its creation or matures within one year from such date but is renewable or extendible, at the option of such Person, to a date
more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including all current maturities and current
sinking fund payments in respect of such Indebtedness whether or not required to be paid within one year from the date of its creation and, in the case of the Borrower, Indebtedness in respect of the Loans. 

“Funding Office”: the Revolving Loan Funding Office or the Term Loan Funding Office, as the context requires. 

“GAAP”: generally accepted accounting principles in the United States as in effect from time to time, except that for
purposes of Section 7.1, GAAP shall be determined on the basis of such principles in effect on the date hereof and consistent with those used in the preparation of the most recent audited financial statements referred to in
Section 4.1(b). In the event that any “Accounting Change” (as defined below) shall occur and such change results in a change in the method of calculation of financial covenants, standards or terms in this Agreement, then each
party to this Agreement agrees to enter into negotiations to amend such provisions of this Agreement so as to reflect equitably such Accounting Changes with the desired result that the criteria for evaluating the Borrower’s financial condition
shall be the same after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed and delivered by the Borrower, the Administrative Agent and the Required Lenders, all
financial covenants, standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting Changes” refers to changes in accounting principles required
by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or, if applicable, the SEC. 

  
 16 

 “Governmental Approval”: any consent, authorization, approval, order,
license, franchise, permit, certificate, accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 

“Governmental Authority”: the government of the United States of America 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). 
 “Group
Members”: the collective reference to LTX and its Subsidiaries. 
 “Guarantee and Collateral
Agreement”: the Guarantee and Collateral Agreement to be executed and delivered by the Borrower and each Guarantor, substantially in the form of Exhibit A. 

“Guarantee Obligation”: as to any Person (the “guaranteeing person”), any obligation,
including a reimbursement, counterindemnity or similar obligation, of the guaranteeing person that guarantees or in effect guarantees, or which is given to induce the creation of a separate obligation by another Person (including any bank under any
letter of credit) that guarantees or in effect guarantees, any Indebtedness (the “primary obligations”) of any other third Person (the “primary obligor”) in any manner, whether directly or indirectly,
including any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for the
purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property,
securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of any
such primary obligation against loss in respect thereof; provided that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee
Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount
for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or
determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by the Borrower in good faith. 

“Guarantors”: a collective reference to each Material Domestic Subsidiary of LTX which has become a Guarantor pursuant
to the Guarantee and Collateral Agreement. 
 “Incurred”: as defined in the definition of “Pro Forma
Basis”. 
 “Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness of such
Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services (other than current trade payables incurred in the ordinary course of such Person’s business and earn-outs, hold-backs
and other deferred payments of consideration in Permitted Acquisitions), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or arising under any conditional
sale or other title retention agreement with respect 

  
 17 

 
to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such
property), (e) all Capital Lease Obligations and all Synthetic Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant under or in respect of acceptances, letters of
credit, surety bonds or similar arrangements, (g) all obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Disqualified Stock, (h) all Guarantee Obligations of such Person in
respect of obligations of the kind referred to in clauses (a) through (g) above, (i) all obligations of the kind referred to in clauses (a) through (h) above secured by (or for which the holder of such obligation has an
existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation (but only to
the extent of such Lien if such Indebtedness is non-recourse), and (j) the net obligations of such Person in respect of Swap Agreements. For the avoidance of doubt, Indebtedness shall not include any warranty obligations. The Indebtedness of
any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other
relationship with such entity, except to the extent the terms of such Indebtedness expressly provide that such Person is not liable therefor. 

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

“Indemnitee”: is defined in Section 10.5(b). 

“Insider Indebtedness”: is any Indebtedness owing by any Loan Party to any Group Member or officer, director,
shareholder or employee of any Group Member. 
 “Insider Subordinated Indebtedness”: is any Insider Indebtedness
which is also Subordinated Indebtedness. 
 “Insolvency Proceeding”: is (a) any case, action or proceeding
before any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors,
composition, marshalling of assets for creditors, or other, similar arrangement in respect of any Person’s creditors generally or any substantial portion of such Person’s creditors, in each case undertaken under U.S. Federal, state or
foreign law, including any Debtor Relief Law. 
 “Intellectual Property”: the collective reference to all rights,
priorities and privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses, trademarks, trademark licenses,
technology, know-how and processes, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Intellectual Property Security Agreement”: an intellectual property security agreement entered into between a Loan
Party and the Administrative Agent pursuant to the terms of the Guarantee and Collateral Agreement in form and substance satisfactory to the Administrative Agent, together with each other intellectual property security agreement and supplement
thereto delivered pursuant to Section 6.12, in each case as amended, restated, supplemented or otherwise modified from time to time. 

“Interest Payment Date”: (a) as to any ABR Loan, the first Business Day of each calendar month to occur while
such Loan is outstanding and the final maturity date of such Loan, (b) as to any 

  
 18 

 
Eurodollar Loan having an Interest Period of three (3) months or less, the last Business Day of such Interest Period, (c) as to any Eurodollar Loan having an Interest Period longer than
three (3) months, each day that is three (3) months (or, if such date is not a Business Day, the Business Day next succeeding such date) after the first day of such Interest Period and the last Business Day of such Interest Period, and
(d) as to any Loan (other than any Revolving Loan that is an ABR Loan), the date of any repayment or prepayment made in respect thereof. 

“Interest Period”: as to any Eurodollar Loan, (a) initially, the period commencing on the borrowing or conversion
date, as the case may be, with respect to such Eurodollar Loan and ending one (1), two (2), three (3) or six (6) months thereafter, as selected by the Borrower in its Notice of Borrowing or Notice of Conversion/Continuation, as the case
may be, given with respect thereto; and (b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one (1), two (2), three (3) or six (6) months
thereafter, as selected by the Borrower by irrevocable notice to the Administrative Agent in a Notice of Conversion/Continuation not later than 1:00 P.M., Eastern time, on the date that is three (3) Business Days prior to the last day of the
then current Interest Period with respect thereto; provided that all of the foregoing provisions relating to Interest Periods are subject to the following: 

(i) if any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next
succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately preceding Business Day; 

(ii) the Borrower may not select an Interest Period under a particular Facility that would extend beyond the Revolving Termination Date (in
the case of Revolving Facility) or the Term Loan Maturity Date (in the case of Term Loans); and 
 (iii) any Interest Period that begins on
the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month. 

“Interest Rate Agreement”: with respect to any Person, any interest rate swap agreement, interest rate cap agreement,
interest rate collar agreement, interest rate hedging agreement or other similar agreement or arrangement, each of which is (a) for the purpose of hedging the interest rate exposure associated with Borrower’s and its Subsidiaries’
operations, (b) approved by Administrative Agent in its reasonable discretion, and (c) not for speculative purposes. 

“Inventory”: all “inventory,” as such term is defined in the Code, now owned or hereafter acquired by any
Loan Party, wherever located, and in any event including inventory, merchandise, goods and other personal property that are held by or on behalf of any Loan Party for sale or lease or are furnished or are to be furnished under a contract of service,
or that constitutes raw materials, work in process, finished goods, returned goods, or materials or supplies of any kind used or consumed or to be used or consumed in such Loan Party’s business or in the processing, production, packaging,
promotion, delivery or shipping of the same, including all supplies and embedded software. 
 “Investments”: as
defined in Section 7.7. 
 “IRS”: the Internal Revenue Service, or any successor thereto. 

“ISP”: with respect to any Letter of Credit, the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). 

  
 19 

 “Issuing Lender”: as the context may require, (a) SVB or any
Affiliate thereof, in its capacity as issuer of any Letter of Credit (including, without limitation, each Existing Letter of Credit), and (b) any other Lender that may become an Issuing Lender pursuant to Section 3.11 or
3.12, with respect to Letters of Credit issued by such Lender. The Issuing Lender may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Lender or other financial institutions, in which
case the term “Issuing Lender” shall include any such Affiliate or other financial institution with respect to Letters of Credit issued by such Affiliate or other financial institution. 

“Issuing Lender Fees”: as defined in Section 3.3(a). 

“Judgment Currency”: as defined in Section 10.19. 

“L/C Advance”: each L/C Lender’s funding of its participation in any L/C Disbursement in accordance with its L/C
Percentage of the L/C Commitment. 
 “L/C Commitment”: as to any L/C Lender, the obligation of such L/C Lender, if
any, to purchase an undivided interest in the Issuing Lenders’ obligations and rights under and in respect of each Letter of Credit (including to make payments with respect to draws made under any Letter of Credit pursuant to
Section 3.5(b)) in an aggregate principal amount not to exceed the amount set forth under the heading “L/C Commitment” opposite such L/C Lender’s name on Schedule 1.1A or in the Assignment and Assumption pursuant to
which such L/C Lender becomes a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The L/C Commitment is a sublimit of the Revolving Commitment and the aggregate amount of the L/C Commitments shall not exceed
the amount of the Total L/C Commitments at any time. 
 “L/C Disbursements”: a payment or disbursement made by the
Issuing Lender pursuant to a Letter of Credit. 
 “L/C Exposure”: at any time, the sum of (a) the aggregate
undrawn amount of all outstanding Letters of Credit at such time, and (b) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time. The L/C Exposure of any L/C Lender at any
time shall equal its L/C Percentage of the aggregate L/C Exposure at such time. 
 “L/C Facility”: the L/C
Commitments and the extensions of credit made thereunder. 
 “L/C Fee Payment Date”: as defined in
Section 3.3(a). 
 “L/C Lender”: a Lender with an L/C Commitment. 

“L/C Percentage”: as to any L/C Lender at any time, the percentage of the Total L/C Commitments represented by such
L/C Lender’s L/C Commitment, as such percentage may be adjusted as provided in Section 2.23. 
 “L/C-Related
Documents”: collectively, each Letter of Credit (including any Existing Letter of Credit), all applications for any Letter of Credit (and applications for the amendment of any Letter of Credit) submitted by the Borrower to the Issuing
Lender and any other document, agreement and instrument relating to any Letter of Credit, including any of the Issuing Lender’s standard form documents for letter of credit issuances. 

  
 20 

 “Lenders”: as defined in the preamble hereto; provided that unless
the context otherwise requires, each reference herein to the Lenders shall be deemed to include the Issuing Lender. 
 “Letter of
Credit”: as defined in Section 3.1(a); provided that such term shall include each Existing Letter of Credit. 

“Letter of Credit Availability Period”: the period from and including the Closing Date to but excluding the Letter of
Credit Maturity Date. 
 “Letter of Credit Fees”: as defined in Section 3.3(a). 

“Letter of Credit Maturity Date”: the date occurring 15 days prior to the Revolving Termination Date then in effect
(or, if such day is not a Business Day, the next preceding Business Day). 
 “LIBOR”: as defined in the definition
of “Eurodollar Base Rate.” 
 “Lien”: any mortgage, deed of trust, pledge, hypothecation, collateral
assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other security interest of any priority or any other security agreement of any kind or nature whatsoever (including any conditional sale or other title retention
agreement and any capital lease having substantially the same economic effect as any of the foregoing). 

“Liquidity”: at any time, the aggregate amount of unrestricted cash and Cash Equivalents and short term investments
held at such time by the Borrower and its Subsidiaries that are Loan Parties in domestic Deposit Accounts or domestic Securities Accounts maintained with SVB or its Affiliates or subject to Control Agreements in favor of the Administrative Agent,
provided that Liquidity may include up to $50,000,000 of unrestricted cash, Cash Equivalents and short term investments held by a Loan Party in accounts that are not maintained with SVB or its Affiliates but that are subject to Control Agreements in
favor of the Administrative Agent. 
 “Liquidity Report”: a report, in form and substance reasonably satisfactory to
the Administrative Agent, delivered by the Borrower to the Administrative Agent which discloses, as of the last day of the previous month, the amount of Liquidity as of such date. 

“Loan”: any loan made or maintained by any Lender pursuant to this Agreement. 

“Loan Documents”: this Agreement, the Security Documents, the Notes, the Fee Letter, the Solvency Certificate, the
Collateral Information Certificate, each L/C-Related Document, each Compliance Certificate, each Borrowing Base Certificate, each Liquidity Report, each Notice of Borrowing, each Notice of Conversion/Continuation and any agreement creating or
perfecting rights in Cash Collateral pursuant to the provisions of Section 3.10, and any amendment, waiver, supplement or other modification to any of the foregoing. 

“Loan Parties”: each Borrower and each Guarantor. 

“Majority Revolving Lenders”: at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments
at such time, such Revolving Lender, both before and after the termination of such Total Revolving Commitments; and (b) if more than one Revolving Lender holds the Total Revolving Commitments, at least two Revolving Lenders who together hold
more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than

  
 21 

 
one Revolving Lender, at least two Revolving Lenders who together hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C
Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure held or deemed held by,
any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders. 
 “Majority Term
Lenders”: at any time, (a) if only one Term Lender holds the Term Loan, such Term Lender; and (b) if more than one Term Lender holds the Term Loan, at least two Term Lenders who together hold more than 50% of the outstanding
principal amount all Term Loans; provided that the portion of the Term Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Term Lenders. 

“Mandatory Prepayment Date”: as defined in Section 2.12(e). 

“Material Adverse Effect”: (a) a material adverse change in, or a material adverse effect on, the operations,
business, assets, properties, liabilities (actual or contingent), or financial condition of LTX and its Subsidiaries, taken as a whole, (b) a material impairment of the rights and remedies of the Administrative Agent or any Lender under any
material provision of the Loan Documents, or of the ability of the Borrower or any Guarantor to perform their respective obligations under any material provision of the Loan Documents to which it is a party; or (c) a material adverse effect
upon the legality, validity, binding effect or enforceability against the Borrower or any Guarantor of any material provision of the Loan Documents to which it is a party. 

“Material Domestic Subsidiary”: each Domestic Subsidiary of LTX (other than Everett Charles Technologies LLC)
that is a Material Subsidiary. 
 “Material Foreign Subsidiary”: each Foreign Subsidiary of LTX that is a
Material Subsidiary. 
 “Material Subsidiary”: each Subsidiary of LTX (other than Everett Charles Technologies LLC)
whose revenue constitutes more than ten percent (10%) of the consolidated total revenue of LTX and its Subsidiaries, and/or whose assets constitute more than ten percent (10%) of the consolidated total assets of LTX and its Subsidiaries.

 “Materials of Environmental Concern”: any substance, material or waste that is defined, regulated, governed or
otherwise characterized under any Environmental Law as hazardous or toxic or as a pollutant or contaminant (or by words of similar meaning and regulatory effect), any petroleum or petroleum products, asbestos, polychlorinated biphenyls,
urea-formaldehyde insulation, molds or fungus, and radioactivity, radiofrequency radiation at levels known to be hazardous to human health and safety. 

“Merganser Securities Account Control Agreement”: the Securities Account Control Agreement, of near or even date
herewith, among the Borrower, the Administrative Agent, and Merganser Capital Management, Inc. 
 “Minority
Lender”: as defined in Section 10.1(b). 
 “Moody’s”: Moody’s Investors
Service, Inc. 
 “Mortgaged Properties”: the real properties as to which, pursuant to Section 6.12(b) or
otherwise, the Administrative Agent, for the benefit of the Secured Parties, shall be granted a Lien pursuant to the Mortgages. 

  
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 “Mortgages”: each of the mortgages, deeds of trust, deeds to secure debt
or such equivalent documents hereafter entered into and executed and delivered by one or more of the Loan Parties to the Administrative Agent, in each case, as such documents may be amended, amended and restated, supplemented or otherwise modified,
renewed or replaced from time to time and in form and substance reasonably acceptable to the Administrative Agent. 

“Multiemployer Plan”: a “multiemployer plan” (within the meaning of Section 3(37) of ERISA) to which
any Loan Party or any ERISA Affiliate thereof makes, is making, or is obligated or has ever been obligated to make, contributions. 

“Net Cash Proceeds”: (a) in connection with any Asset Sale undertaken by or any Recovery Event related to any
Person or any Extraordinary Receipts, the proceeds thereof in the form of cash and Cash Equivalents (including any such proceeds actually received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price
adjustment receivable or otherwise, but only as and when actually received), net of attorneys’ fees, accountants’ fees, investment banking fees, appraisal fees, amounts required to be applied to the repayment of Indebtedness secured by a
Lien expressly permitted hereunder on any asset that is the subject of such Asset Sale or Recovery Event (other than any Lien pursuant to a Security Document), collection costs, reasonable attorneys’ fees and other customary costs, fees and
expenses actually incurred in connection with such Asset Sale, Recovery Event or Extraordinary Receipts, and net of taxes paid and such Person’s reasonable and good faith estimate of income, franchise, sales, and other applicable Taxes required
to be paid by such Person in connection with such Asset Sale, Recovery Event or Extraordinary Receipts in the taxable year that such Asset Sale, Recovery Event or Extraordinary Receipts occur (or with respect to the deferred payment of principal
pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, in the taxable year that such amount is received), the computation of which shall, in each such case, take into account any reduction in tax liability
resulting from any available operating losses and net operating loss carryovers, tax credits, and tax credit carry forwards, and similar tax attributes, provided, however, that such losses, credits and other similar tax attributes shall first be
used to reduce the tax liability resulting from other income of the Loan Parties in the applicable tax year, and (b) in connection with any issuance or sale of Capital Stock or any incurrence of Indebtedness, the cash proceeds received from
such issuance or incurrence, net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and commissions, and other customary premiums, costs, fees and expenses actually incurred in connection therewith. 

“Non-Consenting Lender”: any Lender that does not approve any consent, waiver or amendment that (a) requires the
approval of all Affected Lenders in accordance with the terms of Section 10.1 and (b) has been approved by the Required Lenders. 

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

“Note”: a Term Loan Note or a Revolving Loan Note. 

“Notice of Borrowing”: a notice substantially in the form of Exhibit I. 

“Notice of Conversion/Continuation”: a notice substantially in the form of Exhibit J. 

“Obligations”: the unpaid principal of and interest on (including interest accruing after the maturity of the Loans
and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any Loan Party, whether or not a claim for post-filing or post-petition interest is allowed
in such proceeding) the Loans and all other obligations and liabilities of the Loan Parties to the Administrative Agent, the Issuing Lender, any 

  
 23 

 
other Lender, SVB or any of its applicable Affiliates (in its or their capacity as provider of Bank Services), and any Qualified Counterparty party to a Specified Swap Agreement, whether direct
or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document (including, for the avoidance of doubt, any Bank Services
Agreement), the Letters of Credit, any Specified Swap Agreement or any other document made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, payment obligations, fees,
indemnities, costs, expenses (including all reasonable and documented fees, charges and disbursements of counsel to the Administrative Agent, the Issuing Lender, any other Lender, SVB or any of its applicable Affiliates, to the extent that any
applicable Bank Services Agreement requires the reimbursement by any applicable Loan Party of any such expenses. For the avoidance of doubt, the Obligations shall not include any obligations arising under any warrants or other equity instruments
issued by any Loan Party to any Lender. 
 “Operating Documents”: for any Person as of any date, such Person’s
constitutional documents, formation documents and/or certificate of incorporation (or equivalent thereof), as certified (if applicable) by such Person’s jurisdiction of formation as of a recent date, and, (a) if such Person is a
corporation, its bylaws or memorandum and articles of association (or equivalent thereof) in current form, (b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such
Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto. 

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

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

“Other Taxes”: all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except (i) any such
Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.23), grant of participation, transfer, or designation of a new lending office (other than a designation made
pursuant to Section 2.22) and (ii) Excluded Taxes. 
 “Participant”: as defined in
Section 10.6(d). 
 “Participant Register”: as defined in Section 10.6(d). 

“Patriot Act”: the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism (USA PATRIOT ACT) Act of 2001, Title III of Pub. L. 107-56, signed into law October 26, 2001. 

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

“Pension Plan”: an employee pension plan as defined in Section 3(2) of ERISA (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Sections 412 and 430 of the Code 

  
 24 

 
or Sections 302 and 303 of ERISA and in respect of which any Loan Party or any ERISA Affiliate thereof is (or if such plan were terminated would under Section 4069 of ERISA be deemed to be)
a “contributing sponsor” as defined in Section 4001(a)(13) of ERISA. 
 “Permitted Acquisition”: as
defined in Section 7.8(o). 
 “Permitted Refinancing Indebtedness”: Indebtedness of any Person
(“Refinancing Indebtedness”) issued or incurred by such Person (including by means of the extension or renewal of existing Indebtedness) to refinance, refund, extend, renew or replace existing Indebtedness of such Person
(“Refinanced Indebtedness”); provided that (a) the principal amount of such Refinancing Indebtedness is not greater than the principal amount of such Refinanced Indebtedness plus the amount of any premiums
or penalties and accrued and unpaid interest paid thereon and reasonable fees and expenses, in each case associated with such Refinancing Indebtedness, (b) such Refinancing Indebtedness has a final maturity that is no sooner than, and a
weighted average life to maturity that is no shorter than, such Refinanced Indebtedness, (c) if such Refinanced Indebtedness or any Guarantee Obligation thereof or any security therefor are subordinated to the Obligations, such Refinancing
Indebtedness and any Guarantee Obligations thereof and any security therefor remain so subordinated on terms no less favorable to the Lenders and the other Secured Parties, (d) the Loan Party obligors in respect of such Refinanced Indebtedness
immediately prior to such refinancing, refunding extension, renewal or replacement are the only Loan Party obligors on such Refinancing Indebtedness and (e) any Guarantee Obligations which constitute all or a portion of such Refinancing
Indebtedness, taken as a whole, are determined in good faith by a Responsible Officer of such Person to be no less favorable to such Person and the Lenders and the other Secured Parties in any material respect than the covenants and events of
default or Guarantee Obligations, if any, applicable to such Refinanced Indebtedness. 
 “Person”: any natural
Person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“Platform”: is defined in Section 10.2(d)(i). 

“Preferred Stock”: the preferred Capital Stock of any Loan Party. 

“Prime Rate”: the rate of interest per annum from time to time published in the money rates section of the Wall Street
Journal or any successor publication thereto as the “prime rate” then in effect; provided that if such rate of interest, as set forth from time to time in the money rates section of the Wall Street Journal, becomes unavailable for
any reason as determined by the Administrative Agent, the “Prime Rate” shall mean the rate of interest per annum announced by SVB as its prime rate in effect at its principal office in the State of California (such SVB announced Prime Rate
not being intended to be the lowest rate of interest charged by SVB in connection with extensions of credit to debtors). 
 “Pro
Forma Basis”: with respect to any calculation or determination for a Loan Party for any period, in making such calculation or determination on the specified date of determination (the “Determination Date”) means:

 (a) pro forma effect will be given to any Indebtedness incurred (“Incurred”) by such Loan Party or any of
its Subsidiaries (including by assumption of then outstanding Indebtedness or by a Person becoming a Subsidiary) after the beginning of the applicable period and on or before the Determination Date to the extent the Indebtedness is outstanding or is
to be Incurred on the Determination Date, as if such Indebtedness had been Incurred on the first day of such period; 

  
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 (b) pro forma calculations of interest on Indebtedness bearing a floating interest rate
will be made as if the rate in effect on the Determination Date (taking into account any Swap Agreement applicable to the Indebtedness) had been the applicable rate for the entire reference period; 

(c) Consolidated Fixed Charges related to any Indebtedness no longer outstanding or to be repaid or redeemed on the Determination Date, except
for Consolidated Interest Expense accrued during the reference period under a revolving credit to the extent of the commitment thereunder (or under any successor revolving credit) in effect on the Determination Date, will be excluded as if such
Indebtedness was no longer outstanding or was repaid or redeemed on the first day of such period; and 
 (d) pro forma effect will be
given to: (A) the acquisition or disposition of companies, divisions or lines of businesses by such Loan Party and its Subsidiaries, including any acquisition or disposition of a company, division or line of business since the beginning of the
reference period by a Person that became a Subsidiary after the beginning of the applicable period; and (B) the discontinuation of any discontinued operations but, in the case of Consolidated Fixed Charges, only to the extent that the
obligations giving rise to Consolidated Fixed Charges will not be obligations of such Loan Party or any of its Subsidiaries following the Determination Date; in each case of clauses (A) and (B), that have occurred since the beginning of the
applicable period and before the Determination Date as if such events had occurred, and, in the case of any disposition, the proceeds thereof applied, on the first day of such period. To the extent that pro forma effect is to be given to an
acquisition or disposition of a company, division or line of business, the pro forma calculation will be calculated in good faith by a responsible financial or accounting officer of such Loan Party in accordance with Regulation S-X under the
Securities Act, based upon the most recent four full fiscal quarters for which the relevant financial information is available. 

“Pro Forma Financial Statements”: balance sheets, income statements and cash flow statements prepared by LTX and its
consolidated Subsidiaries that give effect on a Pro-Forma Basis (as if such events had occurred on such date) to (a) the consummation of the Acquisition, (b) the Loans to be made on the Closing Date and the use of proceeds thereof and
(c) the payment of fees and expenses in connection with the foregoing, in each case prepared for (i) the most recently ended fiscal quarter as if such transactions had occurred on such date and (ii) on a quarterly basis through the
first full fiscal year after the Closing Date, and on an annual basis for each fiscal year thereafter through the Term Loan Maturity Date, demonstrating pro forma compliance with the covenants set forth in Section 7.1, or otherwise
prepared on such basis as is reasonably acceptable to the Administrative Agent. 
 “Projections”: as defined in
Section 6.2(c). 
 “Properties”: as defined in Section 4.17(a). 

“Qualified Counterparty”: with respect to any Specified Swap Agreement, any counterparty thereto that, at the time
such Specified Swap Agreement was entered into or as of the Closing Date, was the Administrative Agent or a Lender or an Affiliate of the Administrative Agent or a Lender. 

“Recipient”: the Administrative Agent or a Lender, as applicable. 

“Recovery Event”: any settlement of or payment in respect of any property or casualty insurance claim or any
condemnation proceeding relating to any asset of any Group Member. 
 “Register”: is defined in
Section 10.6(c). 
 “Regulation U”: Regulation U of the Board as in effect from time to time. 

  
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 “Reinvestment Deferred Amount”: with respect to any Reinvestment Event,
the aggregate Net Cash Proceeds received by any Loan Party in connection therewith that are not applied to prepay the Loans or other amounts pursuant to Section 2.12(e) as a result of the delivery of a Reinvestment Notice. 

“Reinvestment Event”: any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment
Notice. 
 “Reinvestment Notice”: a written notice executed by a Responsible Officer stating that no Event of
Default has occurred and that the Borrower (directly or indirectly through a Guarantor) intends and expects to use all or a specified portion of the Net Cash Proceeds of an Asset Sale or Recovery Event to acquire or repair assets useful in its
business. 
 “Reinvestment Prepayment Amount”: with respect to any Reinvestment Event, the Reinvestment Deferred
Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business. 

“Reinvestment Prepayment Date”: with respect to any Reinvestment Event, the earlier of (a) the date occurring one
hundred eighty days (180) after such Reinvestment Event, and (b) the date on which the Borrower (or its Subsidiaries) shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s
business with all or any portion of the relevant Reinvestment Deferred Amount. 
 “Related Parties”: with respect to
any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 

“Replacement Lender”: as defined in Section 2.23. 

“Required Lenders”: at any time, (a) if only one Lender holds the outstanding Term Loans and the Total Revolving
Commitments, such Lender; and (b) if more than one Lender holds the outstanding Term Loans and Total Revolving Commitments, then at least two Lenders who together hold more than 50% of the sum of (i) the aggregate unpaid principal amount
of the Term Loans then outstanding, and (ii) the Total Revolving Commitments (including, without duplication, the L/C Commitments) then in effect or, if the Revolving Commitments have been terminated, the Total Revolving Extensions of Credit
then outstanding; provided that for the purposes of this clause (b), the outstanding principal amount of the Term Loans held by any Defaulting Lender and the Revolving Commitments of, and the portion of the Revolving Loans and participations
in L/C Exposure held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 

“Requirement of Law”: as to any Person, the Operating Documents of such Person, and any law, treaty, rule or
regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Responsible Officer”: the chief executive officer, president, vice president, chief financial officer, treasurer or
controller of an applicable Loan Party, but in any event, with respect to financial matters, the chief financial officer, treasurer or controller of such Loan Party and, solely for purposes of notices given pursuant to Section 2, any
other officer of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively
presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 

  
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 “Restricted Payments”: as defined in Section 7.6. 

“Revolving Commitment”: as to any Lender, the obligation of such Lender, if any, to make Revolving Loans and
participate in Letters of Credit in an aggregate principal amount not to exceed the amount set forth under the heading “Revolving Commitment” opposite such Lender’s name on Schedule 1.1A or in the Assignment and Assumption
pursuant to which such Lender becomes a party hereto, as the same may be changed from time to time pursuant to the terms hereof (including in connection with assignments permitted hereunder). 

“Revolving Commitment Period”: the period from and including the Closing Date to the Revolving Termination Date. 

“Revolving Extensions of Credit”: as to any Revolving Lender at any time, an amount equal to the sum of
(a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, plus (b) such Lender’s L/C Percentage of the aggregate undrawn amount of all outstanding Letters of Credit (including any Existing
Letters of Credit) at such time, plus (c) such Lender’s L/C Percentage of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time. 

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

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

“Revolving Loan Conversion”: as defined in Section 3.5(b). 

“Revolving Loan Funding Office”: the office of the Administrative Agent specified in Section 10.2 or such
other office as may be specified from time to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders. 

“Revolving Loan Note”: a promissory note in the form of Exhibit G-1, as it may be amended, supplemented or
otherwise modified from time to time. 
 “Revolving Loans”: as defined in Section 2.4(a). 

“Revolving Percentage”: as to any Revolving Lender at any time, the percentage which such Lender’s Revolving
Commitment then constitutes of the Total Revolving Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving Loans then
outstanding constitutes of the aggregate principal amount of all Revolving Loans then outstanding. 
 “Revolving Termination
Date”: is the date occurring on the five (5) year anniversary of the Closing Date. 
 “S&P”:
Standard & Poor’s Ratings Services. 
 “Sale Leaseback Transaction”: any arrangement with any Person
or Persons, whereby in contemporaneous or substantially contemporaneous transactions a Loan Party sells substantially all of its right, title and interest in any property and, in connection therewith, acquires, leases or licenses back the right to
use all or a material portion of such property. 

  
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 “SAM Securities Account Control Agreement”: the Securities Account
Control Agreement, of near or even date herewith, among LTX, the Administrative Agent, SVB Asset Management, and U.S. Bank National Association. 

“Sanctioned Entity”: (a) a country or a government of a country, (b) an agency of the government of a
country, (c) an organization directly or indirectly controlled by a country or its government, (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions program administered
and enforced by OFAC. 
 “Sanctioned Person”: a Person named on the list of Specially Designated Nationals
maintained by OFAC. 
 “SEC”: the Securities and Exchange Commission, any successor thereto and any analogous
Governmental Authority. 
 “Secured Obligations”: as defined in the Guarantee and Collateral Agreement. 

“Secured Parties”: the collective reference to the Administrative Agent, the Lenders (including any Issuing Lender in
its capacity as Issuing Lender), SVB or any of its applicable Affiliates (in its or their respective capacity as provider of Bank Services), and any Qualified Counterparties. 

“Securities Account”: any “securities account” as defined in the UCC with such additions to such term as may
hereafter be made. 
 “Securities Account Control Agreement”: any Control Agreement entered into by the
Administrative Agent, a Loan Party and a securities intermediary holding a Securities Account of such Loan Party pursuant to which the Administrative Agent is granted “control” (for purposes of the UCC) over such Securities Account. 

“Securities Act”: the Securities Act of 1933, as amended from time to time and any successor statute. 

“Security Documents”: the collective reference to (a) the Guarantee and Collateral Agreement, (b) the
Mortgages, (c) the Intellectual Property Security Agreements, (d) the SVB Deposit Account Control Agreement, (e) the SVB Securities Account Control Agreement, (f) the SAM Securities Account Control Agreement, (g) each
Deposit Account Control Agreement, (h) each Securities Account Control Agreement, (i) each Foreign Pledge Document, (j) all other security documents hereafter delivered to the Administrative Agent granting a Lien on any property of
any Person to secure the Obligations of any Loan Party arising under any Loan Document, and (k) all financing statements, fixture filings, patent, trademark and copyright filings, assignments, acknowledgments and other filings, documents and
agreements made or delivered pursuant to any of the foregoing. 
 “Seller”: as defined in the recitals hereto. 

“Seller Note”: that certain Subordinated Promissory Note dated on or about the Closing Date by LTX in favor of Dover
Corporation. 
 “Seller Subordination Agreement”: the Subordination Agreement dated on or about the Closing Date by
and between the Administrative Agent and Dover Corporation. 

  
 29 

 “Solvency Certificate”: the Solvency Certificate, dated the Closing Date,
delivered to the Administrative Agent pursuant to Section 5.1(s), which Solvency Certificate shall be in substantially the form of Exhibit D. 

“Solvent”: when used with respect to any Person or consolidated group of entities, as of any date of determination,
(a) the amount of the “fair value” of the assets of such Person, or consolidated group of entities, will, as of such date, exceed the amount of all “liabilities of such Person, or consolidated group of entities, contingent or
otherwise,” as of such date, as such quoted terms are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (b) the “present fair saleable value” of the assets of
such Person, or consolidated group of entities, will, as of such date, be greater than the amount that will be required to pay the liability of such Person, or consolidated group of entities, on its debts as such debts become absolute and matured,
as such quoted terms are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (c) such Person, or consolidated group of entities, will not have, as of such date, an unreasonably
small amount of capital with which to conduct its business, and (d) such Person, or consolidated group of entities, will be able to pay its debts as they mature. For purposes of this definition, (i) “debt” means liability on a
“claim,” and (ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable,
secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured or
unmatured, disputed, undisputed, secured or unsecured. 
 “Specified Representations”: the
representations and warranties contained in Sections 4.3, 4.4, 4.5, 4.11, 4.14 (but only the first sentence thereof), 4.16, 4.19 and 4.20 of this Agreement. 

“Specified Swap Agreement”: any Swap Agreement entered into by the Borrower and any Qualified Counterparty (or any
Person who was a Qualified Counterparty as of the Closing Date or as of the date such Swap Agreement was entered into) in respect of interest rates to the extent permitted under Section 7.13. 

“Subordinated Debt Document”: any agreement, certificate, document or instrument executed or delivered by any Loan
Party or any of their respective Subsidiaries and evidencing Indebtedness of such Loan Party or such Subsidiary which is subordinated to the payment of the Obligations in a manner approved in writing by the Administrative Agent and the Required
Lenders, and any renewals, modifications, or amendments thereof which are approved in writing by the Administrative Agent and the Required Lenders, or as permitted as constituting Permitted Refinancing Indebtedness, or as otherwise permitted under
the applicable Subordination Agreement. 
 “Subordinated Indebtedness”: Indebtedness of a Loan Party subordinated to
the Obligations pursuant to subordination terms (including payment, lien and remedies subordination terms, as applicable) reasonably acceptable to the Administrative Agent, including, without limitation, Indebtedness under the Seller Note. 

“Subsidiary”: as to any Person, a corporation, partnership, limited liability company or other entity of which shares
of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other
managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all
references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of LTX. 

  
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 “Surety Indebtedness”: as of any date of determination, indebtedness
(contingent or otherwise) owing to sureties arising from surety bonds issued on behalf of any Loan Party or its respective Subsidiaries as support for, among other things, their contracts with customers, whether such indebtedness is owing directly
or indirectly by such Loan Party or any such Subsidiary. 
 “SVB”: as defined in the preamble hereto. 

“SVB Deposit Account Control Agreement”: the Deposit Account Control Agreement, of near or even date herewith, among
the Borrower, the Administrative Agent and SVB. 
 “SVB Securities Account Control Agreement”: the Securities
Account Control Agreement, of near or even date herewith, among the Borrower, the Administrative Agent, SVB Securities and Apex Clearing Corporation. 

“Swap Agreement”: any agreement with respect to any swap, hedge, forward, future or derivative transaction or option
or similar agreement (including without limitation, any Interest Rate Agreement) involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices
or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by
current or former directors, officers, employees or consultants of the Borrower and its Subsidiaries shall be deemed to be a “Swap Agreement.” 

“Swap Termination Value”: in respect of any one or more Swap Agreements, after taking into account the effect of any
legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date such Swap Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and
(b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any
recognized dealer in such Swap Agreements (which may include a Qualified Counterparty). 
 “Syndication
Period” means the period commencing on the Closing Date and ending on the earlier of (i) 180 days thereafter, and (ii) the first date on which SVB reduces the amount of its Commitments to an amount equal to or less than
$35,000,000 by means of one or more assignments to new Lenders. 
 “Synthetic Lease Obligation”: the monetary
obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease or (b) an agreement for the use of property creating obligations that do not appear on the balance sheet of such Person but which, upon the
insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

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

“Term Commitment”: as to any Lender, the obligation of such Lender, if any, to make a Term Loan to the Borrower in an
aggregate principal amount not to exceed the amount set forth under the heading “Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Term Commitments is $50,000,000. 

  
 31 

 “Term Facility”: the Term Commitments and the Term Loans made thereunder.

 “Term Lender”: each Lender that has a Term Commitment or that holds a Term Loan. 

“Term Loan”: the term loans made by the Lenders pursuant to Section 2.1. 

“Term Loan Funding Office”: the office of the Administrative Agent specified in Section 10.2 or such other
office as may be specified from time to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders. 

“Term Loan Maturity Date”: is the date occurring on the five (5) year anniversary of the Closing Date. 

“Term Loan Note”: a promissory note in the form of Exhibit G-2, as it may be amended, supplemented or
otherwise modified from time to time. 
 “Term Percentage”: as to any Term Lender at any time, the percentage which
such Lender’s Term Commitment then constitutes of the aggregate Term Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender’s Term Loans then outstanding constitutes of the
aggregate principal amount of the Term Loans then outstanding). 
 “Total Credit Exposure”: is, as to any Lender at
any time, the unused Commitments, Revolving Extensions of Credit and outstanding Term Loans of such Lender at such time. 

“Total L/C Commitments”: at any time, the sum of all L/C Commitments at such time, as the same may be reduced from
time to time pursuant to Section 2.10 or 3.5(b). The initial amount of the Total L/C Commitments on the Closing Date is $5,000,000. 

“Total Revolving Commitments”: at any time, the aggregate amount of the Revolving Commitments then in effect. The
original amount of the Total Revolving Commitments is $5,000,000. The L/C Commitment is a sublimit of the Total Revolving Commitments. 

“Total Revolving Extensions of Credit”: at any time, the aggregate amount of the Revolving Extensions of Credit
outstanding at such time. 
 “Trade Date”: is defined in Section 10.6(b)(i)(B). 

“Transactions”: the consummation of the Acquisition in accordance with applicable law and the Acquisition Agreement,
collectively with the initial borrowings hereunder on the Closing Date. 
 “Transferee”: any Eligible Assignee or
Participant. 
 “Type”: as to any Loan, its nature as an ABR Loan or a Eurodollar Loan. 

“Unfriendly Acquisition”: any acquisition that is not consensual and has not, if applicable, at the time of the first
public announcement of an offer relating thereto, been approved by the board of directors (or other legally recognized governing body) of the Person to be acquired; except that with respect to any acquisition of a non-U.S. Person, an otherwise
friendly acquisition shall not be deemed to be unfriendly if it is not customary in such jurisdiction to obtain such approval prior to the first public announcement of an offer relating to a friendly acquisition. 

  
 32 

 “Uniform Commercial Code” or “UCC”: the Uniform
Commercial Code (or any similar or equivalent legislation) as in effect from time to time in the State of New York, or as the context may require, any other applicable jurisdiction. 

“United States” and “U.S.”: the United States of America. 

“U.S. Person”: any Person that is a “United States Person” as defined in Section 7701(a)(30) of the
Code. 
 “U.S. Tax Compliance Certificate”: as defined in Section 2.20(f). 

“Withholding Agent”: as applicable, any of any applicable Loan Party and the Administrative Agent, as the context may
require. 
 1.2 Other Definitional Provisions. 

(a) Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in the other Loan
Documents or any certificate or other document made or delivered pursuant hereto or thereto. 
 (b) As used herein and in the other Loan
Documents, and in any certificate or other document made or delivered pursuant hereto or thereto, (i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in
Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP, (ii) the words “include,” “includes” and “including” shall be deemed to be followed by the phrase
“without limitation,” (iii) the word “incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have
correlative meanings), (iv) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, Capital Stock,
securities, revenues, accounts, leasehold interests and contract rights, and (v) references to agreements (including this Agreement) or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or
Contractual Obligations as amended, supplemented, restated, amended and restated or otherwise modified from time to time. 
 (c) The words
“hereof,” “herein” and “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this
Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context
requires otherwise, (i) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (ii) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to
Articles and Sections of, and Exhibits and Schedules to, this Agreement, (iii) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to
time. 
 (d) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. 

  
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 SECTION 2 

AMOUNT AND TERMS OF COMMITMENTS 

2.1 Term Commitments. Subject to the terms and conditions hereof, each Term Lender severally agrees to make a Term Loan to the Borrower
on the Closing Date in an amount equal to the amount of the Term Commitment of such Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance
with Sections 2.2 and 2.13, and once repaid in accordance with the provisions hereof may not be reborrowed. 
 2.2
Procedure for Term Loan Borrowing. LTX shall give the Administrative Agent an irrevocable Notice of Borrowing (which must be received by the Administrative Agent prior to 1:00 P.M., Eastern time, one (1) Business Day prior to the
anticipated Closing Date (with originals to follow within three (3) Business Days)) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed. Unless otherwise agreed by the Administrative
Agent, (i) the Term Loans made on the Closing Date shall initially be ABR Loans and (ii) no Term Loan may be converted into or continued as a Eurodollar Loan having an Interest Period in excess of one month prior to the date that is five
(5) Business Days after the Closing Date. Upon receipt of such Notice of Borrowing, the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 3:00 P.M., Eastern time, on the Closing Date each Term Lender shall make
available to the Administrative Agent at the Term Loan Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Lender. The Administrative Agent shall credit the account of the Borrower on the
books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds or, if so specified in the Flow of Funds Agreement, the Administrative
Agent shall wire transfer all or a portion of such aggregate amounts to the Seller to pay a portion of the consideration for the Acquisition, in accordance with the wire instructions specified for such purpose in the Flow of Funds Agreement. 

2.3 Repayment of Term Loans. Beginning on January 1, 2014, the Term Loans shall be repaid in consecutive quarterly installments on
the last day of each fiscal quarter or the Term Loan Maturity Date, as applicable, as set forth below. Such installments shall be applied to an amount equal to such Lender’s Term Percentage multiplied by the installment amount set forth below
opposite such installment payment date: 
  

									
	 Installment Payment Dates
	  	Quarterly
Installment
Amount	 	  	Annual
Percentage
of Term
Loan
Mandatorily
Prepaid	 
	 January 31, 2014, April 30, 2014, July 31, 2014 and October 31, 2014
	  	$	625,000	  	  	 	5.0	% 
	 January 31, 2015, April 30, 2015, July 31, 2015 and October 31, 2015
	  	$	937,500	  	  	 	7.5	% 
	 January 31, 2016, April 30, 2016, July 31, 2016 and October 31, 2016
	  	$	1,250,000	  	  	 	10.0	% 
	 January 31, 2017, April 30, 2017, July 31, 2017 and October 31, 2017
	  	$	1,562,500	  	  	 	12.5	% 
	 January 31, 2018, April 30, 2018, July 31, 2018 and October 31, 2018
	  	$	1,875,000	  	  	 	15.0	% 
	 Term Loan Maturity Date
	  	$	25,000,000	  	  			

  
 34 

 To the extent not previously paid, all then outstanding Term Loans shall be due and payable on the Term Loan
Maturity Date, together with accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment. 
 2.4
Revolving Commitments. 
 (a) Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving
credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect
to all such Revolving Loans at any one time outstanding which, when added to the aggregate outstanding amount of any Revolving Loans, the aggregate undrawn amount of all outstanding Letters of Credit, and the aggregate amount of all L/C
Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment. In addition, the amount of the
Total Revolving Extensions of Credit outstanding at such time shall not exceed the Total Revolving Commitments in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying the
Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the
Administrative Agent in accordance with Sections 2.5 and 2.13. 
 (b) The Borrower shall repay all outstanding Revolving Loans
on the Revolving Termination Date. 
 2.5 Procedure for Revolving Loan Borrowing. The Borrower may borrow up to the Available
Revolving Commitment under the Revolving Commitments during the Revolving Commitment Period on any Business Day; provided that the Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing (which must be received by the
Administrative Agent prior to 1:00 P.M., Eastern time, (a) three (3) Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (b) one (1) Business Day prior to the requested Borrowing Date, in the
case of ABR Loans (in each case, with originals to follow within three (3) Business Days)) (provided that any such Notice of Borrowing of ABR Loans under the Revolving Facility to finance payments under Section 3.5(a) may be
given not later than 1:00 P.M., Eastern time, on the date of the proposed borrowing), in each such case specifying (i) the amount and Type of Revolving Loans to be borrowed, (ii) the requested Borrowing Date, (iii) in the case of
Eurodollar Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Period therefor, and (iv) instructions for remittance of the proceeds of the applicable Loans to be borrowed. Unless otherwise
agreed by the Administrative Agent in its sole discretion, no Revolving Loan may be made as, converted into or continued as a Eurodollar Loan having an Interest Period in excess of one month prior to the date that is 30 days after the Closing Date.
Each borrowing of, conversion to or continuation of a Eurodollar Loan shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Commitments are less than $100,000,
such lesser amount). Except as provided in Sections 3.5(b) and 2.7(b), each borrowing of or conversion to ABR Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if the then
aggregate Available Revolving Commitments are less than $100,000, such lesser amount). Upon receipt of any such Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each Revolving Lender thereof. Each Revolving
Lender will make the amount of its pro rata share of each such borrowing available to the Administrative Agent for the account of the Borrower at the Revolving Loan Funding 

  
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Office prior to 3:00 P.M., Eastern time, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to
the Borrower by the Administrative Agent crediting such account as is designated in writing to the Administrative Agent by the Borrower with the aggregate of the amounts made available to the Administrative Agent by the Revolving Lenders and in like
funds as received by the Administrative Agent. Notwithstanding the foregoing, no Revolving Loans will be made on the Closing Date. 
 2.6
Reserved. 
 2.7 Reserved. 

2.8 Reserved. 
 2.9
Fees. 
 (a) Commitment Fee. As additional compensation for the Total Revolving Commitments, the Borrower shall pay to the
Administrative Agent for the account of the Lenders, a fee for the Borrower’s non-use of available funds under the Revolving Facility (the “Commitment Fee”), payable quarterly in arrears on the last Business Day of
October, January, April and July of each year commencing on the first such date following the Closing Date, and on the Revolving Termination Date, in an amount equal to the Commitment Fee Rate multiplied by the average unused portion of the
Total Revolving Commitments, as reasonably determined by the Administrative Agent divided by 360 multiplied by the number of days lapsed in the applicable period. The unused portion of the Total Revolving Commitments, for purposes of
this calculation, shall equal the difference between (i) the Total Revolving Commitments (as reduced from time to time), and (ii) the sum of (A) the average for the period of the daily closing balance of the Revolving
Loans outstanding, (B) the aggregate undrawn amount of all Letters of Credit outstanding at such time, and (C) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time.

 (b) Agency Fees. The Borrower agrees to pay to the Administrative Agent the administration and other fees in the amounts and on
the dates as set forth in the Fee Letter. 
 (c) Fees Nonrefundable. All fees payable under this Section 2.9 shall be
fully earned on the date paid and nonrefundable. 
 2.10 Termination or Reduction of Total Revolving Commitments; Total L/C Commitments.

 (a) Termination or Reduction of Total Revolving Commitments. The Borrower shall have the right, upon not less than three
(3) Business Days’ written notice delivered to the Administrative Agent, to terminate the Total Revolving Commitments or, from time to time, to reduce the amount of the Total Revolving Commitments; provided that no such termination
or reduction shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans to be made on the effective date thereof the amount of the Total Revolving Extensions of Credit then outstanding would exceed the Total
Revolving Commitments then in effect. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple in excess thereof (or, if the then Total Revolving Commitments are less than $1,000,000, such lesser amount), and shall reduce
permanently the Total Revolving Commitments then in effect; provided that, if in connection with any such reduction or termination of the Total Revolving Commitments a Eurodollar Loan is prepaid on any day other than the last day of the
Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21. Any reduction of the Total Revolving Commitments shall be applied to the Revolving Commitments of each

  
 36 

 
Lender according to its respective Revolving Percentage. All accrued Commitment Fees with respect to any portion of the Revolving Commitments that shall be terminated shall be paid on the
effective date of any termination of the Total Revolving Commitments. 
 (b) Termination or Reduction of Total L/C Commitments. The
Borrower shall have the right, upon not less than three (3) Business Days’ written notice delivered to the Administrative Agent, to terminate the Total L/C Commitments available to the Borrower or, from time to time, to reduce the amount
of the Total L/C Commitments available to the Borrower; provided that, in any such case, no such termination or reduction of the Total L/C Commitments shall be permitted if, after giving effect thereto, the Total L/C Commitments shall be
reduced to an amount that would result in the aggregate L/C Exposure exceeding the Total L/C Commitments (as so reduced). Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple in excess thereof (or, if the then Total L/C
Commitments are less than $1,000,000, such lesser amount), and shall reduce permanently the Total L/C Commitments then in effect. Any reduction of the Total L/C Commitments shall be applied to the L/C Commitments of each Lender according to its
respective L/C Percentage. All accrued Letter of Credit Fees with respect to any portion of the Total L/C Commitments that shall be terminated shall be paid on the effective date of any termination of the Total L/C Commitments. 

2.11 Optional Loan Prepayments. 

The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice
delivered to the Administrative Agent no later than 1:00 P.M., Eastern time, three (3) Business Days prior thereto, in the case of Eurodollar Loans, and no later than 1:00 P.M., Eastern time, one (1) Business Day prior thereto, in the case
of ABR Loans, which notice shall specify the date and amount of the proposed prepayment; provided that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay
any amounts owing pursuant to Section 2.21; provided further that if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing, such notice of prepayment may be revoked if
the financing is not consummated. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date
specified therein, together with (except in the case of Revolving Loans that are ABR Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Term Loans and Revolving Loans shall be in an aggregate principal amount of
$1,000,000 or a whole multiple thereof. Prepayments of the Term Loans made pursuant to this Section 2.11 shall be applied ratably to the prepayment of installments due in respect of the Term Loans on a pro rata basis and in accordance
with Section 2.3 and 2.18(b). 
 2.12 Mandatory Prepayments. 

(a) If any Indebtedness shall be incurred by any Group Member (excluding any Indebtedness incurred in accordance with
Section 7.2), an amount equal to 100% of the Net Cash Proceeds thereof shall be applied on the date of such incurrence toward the prepayment of the Term Loans as set forth in Section 2.12(e). 

(b) If on any date any Group Member shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, unless a Reinvestment Notice
shall be delivered in respect thereof, such Net Cash Proceeds shall be applied within ten (10) Business Days after the date of such receipt toward the prepayment of the Term Loans as set forth in Section 2.12(e); provided
that notwithstanding the foregoing, (i) the aggregate Net Cash Proceeds of Asset Sales that may be excluded from the foregoing requirement pursuant to a Reinvestment Notice shall not exceed $1,000,000 and (ii) on each Reinvestment
Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event shall be applied toward the prepayment of the Term Loans as set forth in Section 2.12(e). 

  
 37 

 (c) If on any date any Group Member shall receive Net Cash Proceeds from any Extraordinary
Receipt, then fifty percent (50%) of such Net Cash Proceeds shall be applied within ten (10) Business Days after such date toward the prepayment of the Term Loans as set forth in Section 2.12(e); 

(d) If, for any fiscal year of the Borrower, there shall be Excess Cash Flow, the Borrower shall, on the relevant Excess Cash Flow Application
Date, apply 50% of such Excess Cash Flow toward the prepayment of the Term Loans and other amounts as set forth in Section 2.12(e). Each such prepayment shall be made on a date (each an “Excess Cash Flow Application
Date”) occurring no later than ten (10) Business Days after the earlier of (i) the date on which the financial statements of the Borrower referred to in Section 6.1(a), for the fiscal year with respect to which
such prepayment is made, are required to be delivered to the Lenders and (ii) the date such financial statements are actually delivered. 

(e) Amounts to be applied in connection with prepayments made pursuant to this Section 2.12 shall be applied to the prepayment of
installments due in respect of the Term Loans in inverse order of maturity and in accordance with Sections 2.3 and 2.18(b) (provided that any Term Lender may decline any such prepayment (the aggregate amount of all such
prepayments declined in connection with any particular prepayment, collectively, the “Declined Amount”), in which case the Declined Amount shall be distributed to the prepayment, on a pro rata basis, of the Term Loans
held by Term Lenders that have elected to accept such Declined Amounts. Each prepayment of the Loans under this Section 2.12 shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid. The Borrower
shall deliver to the Administrative Agent a notice of each prepayment of Term Loans in whole or in part pursuant to this Section 2.12 not less than two (2) Business Days prior to the date such prepayment shall be made (each, a
“Mandatory Prepayment Date”). Such notice shall set forth (i) the Mandatory Prepayment Date, (ii) the aggregate amount of such prepayment and (iii) the options of each Term Lender to (x) decline or accept
its share of such prepayment and (y) to accept Declined Amounts. Any Term Lender that wishes to exercise its option to decline such prepayment or to accept Declined Amounts shall notify the Administrative Agent by facsimile not later than two
(2) Business Days prior to the Mandatory Prepayment Date. 
 (f) The Borrower shall deliver to the Administrative Agent, at the time of
each prepayment required under this Section 2.12, a certificate signed by a Responsible Officer setting forth in reasonable detail the calculation of the amount of such prepayment or reduction. Each notice of prepayment shall specify the
prepayment or reduction date, the Type of each Loan being prepaid and the principal amount of each Loan (or portion thereof) to be prepaid. 

(g) No prepayment fee shall be payable in respect of any mandatory prepayments made pursuant to this Section 2.12. 

2.13 Conversion and Continuation Options. 

(a) The Borrower may elect from time to time to convert Eurodollar Loans to ABR Loans by giving the Administrative Agent prior irrevocable
notice in a Notice of Conversion/Continuation of such election no later than 1:00 P.M., Eastern time, on the Business Day preceding the proposed conversion date; provided that any such conversion of Eurodollar Loans may only be made on the
last day of an Interest Period with respect thereto. Subject to Section 2.17, the Borrower may elect from time to time to convert ABR Loans to Eurodollar Loans by giving the Administrative

  
 38 

 
Agent prior irrevocable notice in a Notice of Conversion/Continuation of such election no later than 1:00 P.M., Eastern time, on the third Business Day preceding the proposed conversion date
(which notice shall specify the length of the initial Interest Period therefor); provided that no ABR Loan may be converted into a Eurodollar Loan when any Event of Default has occurred and is continuing. Upon receipt of any such notice, the
Administrative Agent shall promptly notify each relevant Lender thereof. 
 (b) Subject to Section 2.17, any Eurodollar Loan may
be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower giving irrevocable notice in a Notice of Conversion/Continuation to the Administrative Agent by no later than 1:00 P.M., Eastern time,
on the date occurring three Business Days preceding the proposed continuation date and otherwise in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next
Interest Period to be applicable to such Loans; provided that no Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing; provided further that if the Borrower shall fail to give any
required notice as described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso, such Loans shall automatically be converted to ABR Loans on the last day of such then expiring Interest Period. Upon
receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. 
 2.14 Limitations on Eurodollar
Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and continuations of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such elections so
that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $1,000,000 or a whole multiple of $100,000 in excess thereof, and (b) no more than seven
(7) Eurodollar Tranches shall be outstanding at any one time. 
 2.15 Interest Rates and Payment Dates. 

(a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to
(i) the Eurodollar Rate determined for such day plus (ii) the Applicable Margin. 
 (b) Each ABR Loan shall bear interest
at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin. 
 (c) During the continuance of an Event of
Default at the request of the Required Lenders, all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2.00% (the
“Default Rate”); provided that the Default Rate shall apply to all outstanding Loans automatically and without any Required Lender consent therefor upon the occurrence of any Event of Default arising under
Section 8.1(a) due to the Borrower’s failure to pay principal of the Loans when due hereunder. 
 (d) Interest on the
outstanding principal amount of each Loan shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to Section 2.15(c) shall be payable from time to time on demand. 

2.16 Computation of Interest and Fees. 

(a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that,
with respect to ABR Loans the rate of interest on which is calculated on the basis of the Prime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. The
Administrative Agent shall 

  
 39 

 
as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the ABR or the
Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the
effective date and the amount of each such change in interest rate. 
 (b) Each determination of an interest rate by the Administrative
Agent pursuant to any provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver to the Borrower a statement
showing the quotations used by the Administrative Agent in determining any interest rate pursuant to Section 2.16(a). 
 2.17
Inability to Determine Interest Rate. If prior to the first day of any Interest Period, the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Borrower) in connection with any request for a
Eurodollar Loan or a conversion to or a continuation thereof that, by reason of circumstances affecting the relevant market, (a) Dollar deposits are not being offered to banks in the London interbank market for the applicable amount and
Interest Period of such requested Loan or conversion or continuation, as applicable, (b) adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, or (c) the Eurodollar Rate determined or to
be determined for such Interest Period will not adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of making or maintaining their affected Loans during such Interest Period, then, in any such case (a),
(b) or (c), the Administrative Agent shall promptly notify the Borrower and the relevant Lenders thereof as soon as practicable thereafter. Any such determination shall specify the basis for such determination and shall, in the absence of
manifest error, be conclusive and binding for all purposes. Thereafter, (x) any Eurodollar Loans under the relevant Facility requested to be made on the first day of such Interest Period shall be made as ABR Loans, (y) any Loans under the
relevant Facility that were to have been converted on the first day of such Interest Period to Eurodollar Loans shall be continued as ABR Loans and (z) any outstanding Eurodollar Loans under the relevant Facility shall be converted, on the last
day of the then-current Interest Period, to ABR Loans. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans under the relevant Facility shall be made or continued as such, nor shall the Borrower have the
right to convert Loans under the relevant Facility to Eurodollar Loans. 
 2.18 Pro Rata Treatment and Payments. 

(a) Except as otherwise provided herein, each borrowing by the Borrower from the Lenders hereunder, each payment by the Borrower on account of
any commitment fee and any reduction of the Commitments shall be made pro rata according to the respective Term Percentages, L/C Percentages or Revolving Percentages, as the case may be, of the relevant Lenders. 

(b) Except as otherwise provided herein, each payment (including each prepayment) by the Borrower on account of principal of and interest on
the Term Loans shall be made pro rata according to the respective outstanding principal amounts of the Term Loans then held by the Term Lenders. The amount of each principal prepayment of the Term Loans (whether optional or mandatory) shall
be applied to reduce the then remaining installments of the Term Loans pro rata based upon the respective then remaining principal amounts thereof. Except as otherwise may be agreed by the Borrower and the Required Lenders, any prepayment of
Term Loans shall be applied to the then outstanding Term Loans on a pro rata basis regardless of type. Amounts prepaid on account of the Term Loans may not be reborrowed. 

  
 40 

 (c) Each payment (including each prepayment) by the Borrower on account of principal of and
interest on the Revolving Loans shall be made pro rata according to the respective outstanding principal amounts of the Revolving Loans then held by the Revolving Lenders. 

(d) All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees or otherwise,
shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff and shall be made prior to 1:00 P.M., Eastern time, on the due date thereof to the Administrative Agent, for the account of the Lenders, at the
applicable Funding Office, in Dollars and in immediately available funds. The Administrative Agent shall distribute such payments to the Lenders promptly upon receipt in like funds as received. Any payment received by the Administrative Agent after
1:00 P.M. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a day other than a
Business Day, such payment shall be extended to the next succeeding Business Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business
Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any extension of any payment of principal
pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable rate during such extension. 
 (e) Unless
the Administrative Agent shall have been notified in writing by any Lender prior to the date of any borrowing that such Lender will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the
Administrative Agent may assume that such Lender is making such amount available to the Administrative Agent on such date in accordance with Section 2, and the Administrative Agent may, in reliance upon such assumption, make available to
the Borrower a corresponding amount. If such amount is not in fact made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender and the Borrower severally agree to pay to the Administrative Agent, on
demand, such corresponding amount with interest thereon, for each day from and including the date on which such amount is advanced to the Borrower but excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to
be made by such Lender, a rate equal to the greater of (A) the Federal Funds Effective Rate and (B) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, and (ii) in the
case of a payment to be made by the Borrower, the rate per annum applicable to ABR Loans under the relevant Facility. If the 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 Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable borrowing to the Administrative Agent, then the amount so paid shall
constitute such Lender’s Loan included in such borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 

(f) Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or the Issuing Lender hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower is making such payment on such date in accordance herewith and
may, in reliance upon such assumption, distribute to the Lenders or the Issuing Lender, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Lender, as the case
may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Lender, with interest thereon, for each day from and including the date such amount is distributed to it to but
excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. Nothing herein shall
be deemed to limit the rights of Administrative Agent or any Lender against any Loan Party. 

  
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 (g) If any Lender makes available to the Administrative Agent funds for any Loan to be made by
such Lender as provided in the foregoing provisions of this Section 2, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable extension of credit set forth in
Section 5.1 or Section 5.2 are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

(h) The obligations of the Lenders hereunder to (i) make Term Loans, (ii) make Revolving Loans, (iii) to fund its
participations in L/C Disbursements in accordance with its respective L/C Percentage, and (iv) to make payments pursuant to Section 9.7, as applicable, are several and not joint. The failure of any Lender to make any such Loan, to
fund any such participation or to make any such payment under Section 9.7 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the
failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 9.7. 
 (i)
Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular
place or manner. 
 (j) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts
of principal, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and
fees then due to such parties, and (ii) second, toward payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 

(k) If any Lender shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on
account of the principal of or interest on any Loan made by it, its participation in the L/C Exposure or other obligations hereunder, as applicable (other than pursuant to a provision hereof providing for non-pro rata treatment), in excess of its
Term Percentage, Revolving Percentage or L/C Percentage, as applicable, of such payment on account of the Loans or participations obtained by all of the Lenders, such Lender shall forthwith advise the Administrative Agent of the receipt of such
payment, and within five (5) Business Days of such receipt purchase (for cash at face value) from the other Term Lenders, Revolving Lenders or L/C Lenders, as applicable (through the Administrative Agent), without recourse, such participations
in the Term Loans or Revolving Loans made by them and/or participations in the L/C Exposure held by them, as applicable, or make such other adjustments as shall be equitable, as shall be necessary to cause such purchasing Lender to share the excess
payment ratably with each of the other Lenders in accordance with their respective Term Percentages, Revolving Percentages or L/C Percentages, as applicable; provided, however, that if all or any portion of such excess payment
is thereafter recovered by or on behalf of the Borrower from such purchasing Lender, the purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest. The Borrower agrees that any Lender so
purchasing a participation from another Lender pursuant to this Section 2.18(k) may exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct
creditor of the Borrower in the amount of such participation. No documentation other than notices and the like referred to in this Section 2.18(k) shall be required to implement the terms of this Section 2.18(k). The
Administrative Agent shall keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased pursuant to this Section 2.18(k) and shall in each case notify

  
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the Term Lenders, the Revolving Lenders or the L/C Lenders, as applicable, following any such purchase. The provisions of this Section 2.18(k) shall not be construed to apply to
(i) any payment made by or on behalf of the 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), (ii) the application of
Cash Collateral provided for in Section 3.10, or (iii) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or sub-participations in any L/C Exposure to any assignee
or participant, other than an assignment to the Borrower or any Subsidiary thereof (as to which the provisions of this Section shall apply). The Borrower consents on behalf of itself and each other Loan Party to the foregoing and agrees, to the
extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against each Loan Party rights of setoff and counterclaim with respect to such participation as fully
as if such Lender were a direct creditor of each Loan Party in the amount of such participation. 
 (l) Notwithstanding anything to the
contrary in this Agreement, the Administrative Agent may, in its discretion at any time or from time to time, without the Borrower’s request and even if the conditions set forth in Section 5.2 would not be satisfied, make a
Revolving Loan in an amount equal to the portion of the Obligations constituting overdue interest and fees from time to time due and payable to itself, any Revolving Lender or the Issuing Lender, and apply the proceeds of any such Revolving Loan to
those Obligations; provided that after giving effect to any such Revolving Loan, the aggregate outstanding Revolving Loans will not exceed the Total Revolving Commitments then in effect. 

2.19 Illegality; Requirements of Law. 

(a) Illegality. If any Lender determines that any Requirement of Law has made it unlawful, or that any Governmental Authority has
asserted that it is unlawful, for such Lender to make, maintain or fund Eurodollar Loans, or to determine or charge interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority of
such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make or continue Eurodollar
Loans or to convert ABR Loans to Eurodollar Loans shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the
Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Loans of such Lender to ABR Loans, either on the last day of the Interest Period therefor, if such Lender may
lawfully continue to maintain such Eurodollar Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the
amount so prepaid or converted. 
 (b) Requirements of Law. If the adoption of or any change in any Requirement of Law or in the
interpretation or application thereof or the compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date hereof: 

(i) shall subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through
(d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its Loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; 

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

(iii) impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or
Loans made by such Lender or any Letter of Credit or participation therein; 

  
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 and the result of any of the foregoing is to increase the cost to such Lender or such other Recipient of making,
converting to, continuing or maintaining Loans determined with reference to the Eurodollar Rate or of maintaining its obligation to make such Loans, or to increase the cost to such Lender or such other Recipient of issuing or participating in
Letters of Credit, or to reduce any amount receivable or received by such Lender or other Recipient hereunder in respect thereof (whether in respect of principal, interest or any other amount), then, in any such case, upon the request of such Lender
or other Recipient, the Borrower shall promptly pay such Lender or other Recipient, as the case may be, any additional amounts necessary to compensate such Lender or other Recipient, as the case may be, for such increased cost or reduced amount
receivable. If any Lender becomes entitled to claim any additional amounts pursuant to this paragraph, it shall promptly notify the Borrower (with a copy to the Administrative Agent) of the event by reason of which it has become so entitled. 

(c) If any Lender reasonably determines that any change in any Requirement of Law affecting such Lender or any lending office 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, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the Issuing Lender, to a level below that which such Lender or such
Lender’s holding company would have achieved but for such change in such Requirement of 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 the Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender or such Lender’s or Issuing Lender’s holding company
for any such reduction suffered. 
 (d) For purposes of this Agreement, (i) the Dodd-Frank Wall Street Reform and Consumer Protection
Act and all requests, rules, guidelines, or directives in connection therewith are deemed to have gone into effect and been adopted after the date of this Agreement, and (ii) all requests, rules, guidelines or directives promulgated by the Bank
for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a change in any
Requirement of Law, regardless of the date enacted, adopted or issued. 
 (e) A certificate as to any additional amounts payable pursuant to
paragraphs (b), (c), or (d) of this Section submitted by any Lender to the Borrower (with a copy to the Administrative Agent) shall be prima facie evidence of such additional amounts. The Borrower shall pay such Lender the amount shown as due
on any such certificate within 10 days after receipt thereof. Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s right to demand such compensation.
Notwithstanding anything to the contrary in this Section 2.19, the Borrower shall not be required to compensate a Lender pursuant to this Section 2.19 for any amounts incurred more than six months prior to the date that such
Lender notifies the Borrower of such Lender’s intention to claim compensation therefor; provided that if the circumstances giving rise to such claim have a retroactive effect, then such nine-month period shall be extended to include the
period of such retroactive effect. The obligations of the Borrower arising pursuant to this Section 2.19 shall survive the Discharge of Obligations and the resignation of the Administrative Agent. 

  
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 2.20 Taxes. 

For the avoidance of doubt, for the purposes of this Section 2.20, the term “Lender” includes the Issuing Lender. 

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be
made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from
any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance
with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings
applicable to additional sums payable under this Section 2.20) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding for Indemnified Taxes been made. 

(b) Payment of Other Taxes. The Borrower shall, and shall cause each other Loan Party to, timely pay to the relevant Governmental
Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes applicable to such Loan Party. 

(c) Evidence of Payments. As soon as practicable after any payment of Taxes by any Loan Party or the Administrative Agent to a
Governmental Authority pursuant to this Section 2.20, the Borrower shall, or shall cause such other Loan Party to, deliver to the Administrative Agent, or the Administrative Agent shall deliver to the 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 the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent or the
Borrower, as the case may be. 
 (d) Indemnification by Loan Parties. The Borrower shall, and shall cause each other Loan Party to,
jointly and severally indemnify each Recipient, within 10 days after written demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this
Section 2.20) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto (including any recording and filing fees with
respect thereto or resulting therefrom and any liabilities with respect to, or resulting from, any delay by any Loan Party in paying such Indemnified Taxes), whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. A reasonably detailed certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on
behalf of a Lender, shall be prima facie evidence of the amount of such payment or liability. If any Loan Party fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to the Administrative Agent the required receipts
or other required documentary evidence, such Loan Party shall indemnify the Administrative Agent and the Lenders for any incremental taxes, interest or penalties that may become payable by the Administrative Agent or any Lender as a result of any
such failure. 

  
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 (e) Indemnification by Lenders. Each Lender shall severally indemnify the Administrative
Agent, within 10 days after written demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes and
without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.6 relating to the maintenance of a Participant Register and
(iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not
such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A reasonably detailed certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be prima facie
evidence of such amount. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any
other source against any amount due to the Administrative Agent under this paragraph (e). 
 (f) Status of Lenders. 

(i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document
shall deliver to the Borrower and the Administrative Agent, at the time or times required by applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by
applicable law or reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, at the time or times required by applicable
law or if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the
Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of
such documentation (other than such documentation set forth in Sections 2.20(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if the Lender is not legally entitled to complete, execute or deliver such documentation
or, in the Lender’s reasonable judgment, such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

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

(A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter as required by applicable law or upon the reasonable request of the Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is
exempt from U.S. federal backup withholding tax; 

  
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 (B) any Foreign Lender shall deliver to the Borrower and the Administrative Agent (in such
number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter as required by applicable law or upon the reasonable request of the
Borrower or the Administrative Agent), whichever of the following is applicable: 
 (1) in the case of a Foreign Lender claiming the
benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal
withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal
withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 
 (2) executed
originals of IRS Form W-8ECI; 
 (3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 871(h) or Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit F-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the
Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax
Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN; or 
 (4) to the extent a Foreign Lender is not
the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-2 or Exhibit F-3, IRS Form W-9, and/or other
certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign
Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-4 on behalf of each such direct and indirect partner; 

(C) any Foreign Lender shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the
recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter as required by applicable law or upon the reasonable request of the Borrower or the Administrative Agent),
executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by
applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 
 (D)
if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in
Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the
Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be
necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold
from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(iii) Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect,
it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

  
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 (g) Treatment of Certain Refunds. If any party determines, in its sole discretion
exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.20 (including by the payment of additional amounts pursuant to this Section 2.20), it shall
pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, under this Section 2.20 with respect to the Taxes giving rise to such refund), net of all
out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified
party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (g) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority, other than any penalties, interest or other charges
imposed as a result of the gross negligence or willful misconduct of the indemnified party) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this
paragraph (g), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (g) the payment of which would place the indemnified party in a less favorable net after-Tax position than
the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had
never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 

(h) Survival. Each party’s obligations under this Section 2.20 shall survive the resignation or replacement of the
Administrative Agent, any assignment of rights by, or the replacement of, a Lender, and the Discharge of Obligations. 
 2.21
Indemnity. The Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from, any loss or expense that such Lender may sustain or incur as a consequence of (a) a default by the Borrower in making a borrowing of,
conversion into or continuation of Eurodollar Loans after the Borrower has given a notice requesting the same in accordance with the provisions of this Agreement, (b) a default by the Borrower in making any prepayment of or conversion from
Eurodollar Loans after the Borrower has given a notice thereof in accordance with the provisions of this Agreement, or (c) for any reason, the making of a prepayment of Eurodollar Loans on a day that is not the last day of an Interest Period
with respect thereto. Such losses and expenses shall be equal to the excess, if any, of (i) the amount of interest that would have accrued on the amount so prepaid, or not so borrowed, reduced, converted or continued, for the period from the
date of such prepayment or of such failure to borrow, reduce, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow, reduce, convert or continue, the Interest Period that would have commenced on the date
of such failure) in each case at the applicable rate of interest or other return for such Loans provided for herein (excluding, however, the Applicable Margin included therein, if any), over (ii) the amount of interest (as reasonably determined
by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurodollar market. A certificate as to any amounts payable pursuant to this
Section submitted to the Borrower by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the Discharge of Obligations. 

2.22 Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of
Section 2.19(b), Section 2.19(c), Section 2.20(a), Section 2.20(b) or Section 2.20(d) with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject

  
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to overall policy considerations of such Lender) to designate a different lending office for funding or booking its Loans affected by such event or to assign its rights and obligations hereunder
to another of its offices, branches or affiliates, in each case, with the object of avoiding the consequences of such event; provided that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its
lending office(s) to suffer no economic, legal, regulatory or other disadvantage; provided further that nothing in this Section shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant
to Section 2.19(b), Section 2.19(c), Section 2.20(a), Section 2.20(b) or Section 2.20(d). The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in
connection with any such designation or assignment made at the request of the Borrower. 
 2.23 Substitution of Lenders. Upon the
receipt by the Borrower of any of the following (or in the case of clause (a) below, if the Borrower is required to pay any such amount), with respect to any Lender (any such Lender described in clauses (a) through (c) below being
referred to as an “Affected Lender” hereunder): 
 (a) a request from a Lender for payment of Indemnified Taxes or
additional amounts under Section 2.20 or of increased costs pursuant to Section 2.19 (and, in any such case, such Lender has declined or is unable to designate a different lending office in accordance with
Section 2.22 or is a Non-Consenting Lender); 
 (b) a notice from the Administrative Agent under Section 10.1(b)
that one or more Minority Lenders are unwilling to agree to an amendment or other modification approved by the Required Lenders and the Administrative Agent; or 

(c) notice from the Administrative Agent that a Lender is a Defaulting Lender; 

then the Borrower may, at its sole expense and effort, upon notice to the Administrative Agent and such Affected Lender: (i) request that one or more of
the other Lenders acquire and assume all or part of such Affected Lender’s Loans and Commitments; or (ii) designate a replacement lending institution (which shall be an Eligible Assignee) to acquire and assume all or a ratable part of such
Affected Lender’s Loans and Commitments (the replacing Lender or lender in (i) or (ii) being a “Replacement Lender”); provided, however, that the Borrower shall be liable for the payment upon
demand of all costs and other amounts arising under Section 2.21 (subject to Section 2.25) that result from the acquisition of any Affected Lender’s Loan and/or Commitments (or any portion thereof) by a Lender or
Replacement Lender, as the case may be, on a date other than the last day of the applicable Interest Period with respect to any Eurodollar Loans then outstanding; and provided further, however, that if the Borrower elects to
exercise such right with respect to any Affected Lender under clause (a) or (b) of this Section 2.23, then the Borrower shall be obligated to replace all similarly Affected Lenders under such clauses. The Affected Lender
replaced pursuant to this Section 2.23 shall be required to assign and delegate, without recourse, all of its interests, rights and obligations under this Agreement and the related Loan Documents to one or more Replacement Lenders that
so agree to acquire and assume all or a ratable part of such Affected Lender’s Loans and Commitments upon payment to such Affected Lender of an amount (in the aggregate for all Replacement Lenders) equal to 100% of the outstanding principal of
the Affected Lender’s Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents from such Replacement Lenders (to the extent of such outstanding principal and accrued interest
and fees) or the Borrower (in the case of all other amounts, including amounts under Section 2.21 hereof). Any such designation of a Replacement Lender shall be effected in accordance with, and subject to the terms and conditions of, the
assignment provisions contained in Section 10.6 (with the assignment fee to be paid by the Borrower in such instance), and, if such Replacement Lender is not already a Lender hereunder or an Affiliate of a Lender or an Approved Fund,
shall be subject to the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld). Notwithstanding the 

  
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foregoing, with respect to any assignment pursuant to this Section 2.23, (a) in the case of any such assignment resulting from a claim for compensation under
Section 2.19 or payments required to be made pursuant to Section 2.20, such assignment shall result in a reduction in such compensation or payments thereafter; (b) such assignment shall not conflict with applicable law
and (c) in the case of any assignment resulting from a Lender being a Minority Lender referred to in clause (b) of this Section 2.23, the applicable assignee shall have consented to the applicable amendment, waiver or consent.
Notwithstanding the foregoing, an Affected Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Affected Lender or otherwise, the circumstances entitling the Borrower to require
such assignment and delegation cease to apply. 
 2.24 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 such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 (i) Waivers and
Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 10.1 and in the definitions of Majority Revolving
Lenders, Majority Term Lenders and Required Lenders. 
 (ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees
or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 8 or otherwise, and including any amounts made available to the
Administrative Agent by such Defaulting Lender pursuant to Section 10.7), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such
Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Lender hereunder; third, to be held as Cash Collateral for the funding
obligations of such Defaulting Lender of any participation in any Letter of Credit; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender
has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in
order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement, and (y) be held as Cash Collateral for the future funding obligations of such Defaulting Lender of any
participation in any future Letter of Credit; sixth, to the payment of any amounts owing to any L/C Lender or the Issuing Lender as a result of any judgment of a court of competent jurisdiction obtained by any L/C Lender or the Issuing Lender
against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default has occurred and is continuing, to the payment of any amounts owing
to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth,
to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (A) such payment is a payment of the principal amount of any Loans or L/C Advances in respect of which such Defaulting Lender has
not fully funded its appropriate share and (B) such Loans or L/C Advances were made at a time when the conditions set forth in Section 5.2 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C
Advances owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Advances owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C
Advances are held by the Lenders pro rata in accordance with the Commitments under the applicable Facility without giving effect to Section 2.24(a)(iv). 

  
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Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this
Section 2.24(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. 

(A) No Defaulting Lender shall be entitled to receive any fee pursuant to Section 2.9(a) for any period during which such Lender
is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to such Defaulting Lender). 

(B) Each Defaulting Lender shall be limited in its right to receive Letter of Credit Fees as provided in Section 3.3(d). 

(C) With respect to any Letter of Credit Fee not required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above,
the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such Letter of Credit Fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in Letters of Credit that has been
reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the Issuing Lender the amount of any such fee or Letter of Credit Fee, as applicable, otherwise payable to such Defaulting Lender to the extent allocable
to the Issuing Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee or Letter of Credit Fee, as applicable. 

(iv) Reallocation of Pro Rata Share to Reduce Fronting Exposure. During any period in which there is a Defaulting Lender, for purposes
of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit pursuant to Section 3.4, the L/C Percentage of each non-Defaulting Lender of any such Letter of
Credit shall be computed without giving effect to the Revolving Commitment of such Defaulting Lender; provided that, (A) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender,
no Event of Default has occurred and is continuing; (B) the aggregate obligations of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit shall not exceed the positive difference, if any, of (1) the
Revolving Commitment of that non-Defaulting Lender minus (2) the aggregate outstanding amount of the Revolving Loans of that Lender plus the aggregate amount of that Lender’s L/C Percentage of then outstanding Letters of Credit and
(C) the conditions set forth in Section 5.2 are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have
represented and warranted that such conditions are satisfied at such time). No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a
Defaulting Lender, including any claim of a non-Defaulting Lender as a result of such non-Defaulting Lender’s increased exposure following such reallocation. 

(b) Defaulting Lender Cure. If the Borrower, the Administrative Agent and the Issuing Lender 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
(which may include arrangements with respect to any Cash Collateral), such Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may
determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit to be held on a pro rata basis by the Lenders in accordance with their respective Revolving Percentages, L/C Percentages and Term
Percentages, as applicable (without giving 

  
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effect to Section 2.24(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued
or payments made by or on behalf of the Borrower while such 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 such Lender having been a Defaulting Lender. 

(c) New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Lender shall be required to issue, extend, renew or
increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure in respect of Letters of Credit after giving effect thereto. 

(d) Termination of Defaulting Lender. The Borrower may terminate the unused amount of the Revolving Commitment of any Revolving Lender
that is a Defaulting Lender upon not less than ten (10) Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of Section 2.24(a)(ii) will
apply to all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts); provided that (i) no Event of Default
shall have occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, the Issuing Lender or any other Lender may have against such Defaulting Lender.

 2.25 Joint and Several Liability of the Borrowers. 

(a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial
accommodations to be provided by the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other the Borrowers to accept joint and several liability for the
Obligations. 
 (b) Each Borrower, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety but also as
a co-debtor, joint and several liability with the other the Borrowers, with respect to the payment and performance of all of the Obligations (including any Obligations arising under this Section 2.25), it being the intention of the
parties hereto that all the Obligations shall be the joint and several obligations of each Borrower without preferences or distinction among them. 

(c) If and to the extent that any Borrower shall fail to make any payment with respect to any of the Obligations as and when due or to perform
any of the Obligations in accordance with the terms thereof, then in each such event the other Borrowers will make such payment with respect to, or perform, such Obligations. 

(d) The Obligations of each Borrower under the provisions of this Section 2.25 constitute the absolute and unconditional, full
recourse Obligations of each Borrower enforceable against each Borrower to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of this Agreement. 

(e) Except as otherwise expressly provided in this Agreement, each Borrower hereby waives notice of acceptance of its joint and several
liability, notice of any Loans made or Letters of Credit issued under or pursuant to this Agreement, notice of the occurrence of any Default, Event of Default, or of any demand for any payment under this Agreement, notice of any action at any time
taken or omitted by the Administrative Agent or Lenders under or in respect of any of the Obligations, any requirement of 

  
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diligence or to mitigate damages and, generally, to the extent permitted by applicable law, all demands, notices and other formalities of every kind in connection with this Agreement (except as
otherwise provided in this Agreement). Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the Obligations, the acceptance of any payment of any of the Obligations, the
acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by the Administrative Agent or Lenders at any time or times in respect of any default by any Borrower in the performance or satisfaction of any term,
covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by the Administrative Agent or Lenders in respect of any of the Obligations, and the taking, addition, substitution or release, in whole or in part, at any
time or times, of any security for any of the Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each Borrower assents to any other action or delay in acting
or failure to act on the part of the Administrative Agent or Lender with respect to the failure by any Borrower to comply with any of its respective Obligations, including, without limitation, any failure strictly or diligently to assert any right
or to pursue any remedy or to comply fully with applicable laws or regulations thereunder, which might, but for the provisions of this Section 2.25 afford grounds for terminating, discharging or relieving any Borrower, in whole or in
part, from any of its Obligations under this Section 2.25, it being the intention of each Borrower that, so long as any of the Obligations hereunder remain unsatisfied, the Obligations of each Borrower under this Section 2.25
shall not be discharged except by performance and then only to the extent of such performance. The Obligations of each Borrower under this Section 2.25 shall not be diminished or rendered unenforceable by any winding up, reorganization,
arrangement, liquidation, reconstruction or similar proceeding with respect to any Borrower, the Administrative Agent or any Lender. 
 (f)
Each Borrower represents and warrants to the Administrative Agent and Lenders that such Borrower is currently informed of the financial condition of the Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear
upon the risk of nonpayment of the Obligations. Each Borrower further represents and warrants to the Administrative Agent and Lenders that such Borrower has read and understands the terms and conditions of the Loan Documents. Each Borrower hereby
covenants that such Borrower will continue to keep informed of the Borrowers’ financial condition, the financial condition of other guarantors, if any. 

(g) Each Borrower waives all rights and defenses arising out of an election of remedies by the Administrative Agent or any Lender, even though
that election of remedies, such as a nonjudicial foreclosure with respect to security for a guaranteed obligation, has destroyed the Administrative Agent’s or such Lender’s rights of subrogation and reimbursement against such Borrower
under any applicable law. 
 (h) Each Borrower waives all rights and defenses that such Borrower may have because the Obligations are
secured by real property at any time. This means, among other things: 
 (i) The Administrative Agent and Lenders may collect from such
Borrower without first foreclosing on any real or personal property Collateral pledged by the Borrowers. 
 (ii) If the Administrative
Agent or any Lender forecloses on any Collateral consisting of real property pledged by the Borrowers: 
 (A) The amount of the Obligations
may be reduced only by the price for which that collateral is sold at the foreclosure sale, even if the collateral is worth more than the sale price. 

(B) The Administrative Agent and Lenders may collect from such Borrower even if the Administrative Agent or Lenders, by foreclosing on real
property, has destroyed any right such Borrower may have to collect from the other Borrowers. 

  
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 This is an unconditional and irrevocable waiver of any rights and defenses such Borrower may have
because the Obligations are secured by real property. 
 (i) The provisions of this Section 2.25 are made for the benefit of the
Administrative Agent, Lenders and their respective successors and assigns, and may be enforced by it or them from time to time against any or all the Borrowers as often as occasion therefor may arise and without requirement on the part of the
Administrative Agent, any Lender, any successor or any assign first to marshal any of its or their claims or to exercise any of its or their rights against any Borrower or to exhaust any remedies available to it or them against any Borrower or to
resort to any other source or means of obtaining payment of any of the Obligations hereunder or to elect any other remedy. The provisions of this Section 2.25 shall remain in effect until all of the Obligations shall have been paid in
full or otherwise fully satisfied. If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by the Administrative Agent or any Lender upon the insolvency,
bankruptcy or reorganization of any Borrower, or otherwise, the provisions of this Section 2.25 will forthwith be reinstated in effect, as though such payment had not been made. 

(j) Each Borrower hereby agrees that it will not enforce any of its rights of contribution or subrogation against any other Borrower with
respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to the Administrative Agent or Lenders with respect to any of the Obligations or any collateral security therefor until such time as
all of the Obligations have been paid in full in cash. Any claim which any Borrower may have against any other Borrower with respect to any payments to the Administrative Agent or Lender hereunder or under any other Loan Documents are hereby
expressly made subordinate and junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations and, in the event of any insolvency,
bankruptcy, receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower, its debts or its assets, whether voluntary or involuntary, all such Obligations shall be paid in full in
cash before any payment or distribution of any character, whether in cash, securities or other property, shall be made to any other Borrower therefor. Notwithstanding anything to the contrary contained in this Section 2.25, no Borrower
shall exercise any rights of subrogation, contribution, indemnity, reimbursement or other similar rights against, and shall not proceed or seek recourse against or with respect to any property or asset of, any other Borrower (the
“Foreclosed Borrower”), including after payment in full of the Obligations, if all or any portion of the Obligations have been satisfied in connection with an exercise of remedies in respect of the Capital Stock of such
Foreclosed Borrower whether pursuant to the Security Documents or otherwise. 
 (k) Each Borrower hereby agrees that, after the occurrence
and during the continuance of any Default or Event of Default, the payment of any amounts due with respect to the indebtedness owing by any Borrower to any other Borrower is hereby subordinated to the prior payment in full in cash of the
Obligations. Each Borrower hereby agrees that after the occurrence and during the continuance of any Default or Event of Default, such Borrower will not demand, sue for or otherwise attempt to collect any indebtedness of any other Borrower owing to
such Borrower until the Obligations shall have been paid in full in cash. If, notwithstanding the foregoing sentence, such Borrower shall collect, enforce or receive any amounts in respect of such indebtedness, such amounts shall be collected,
enforced and received by such Borrower as trustee for the Administrative Agent, and such Borrower shall deliver any such amounts to the Administrative Agent for application to the Obligations in accordance with the terms of this Agreement. 

  
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 (l) Subject to the foregoing, to the extent that any Borrower shall, under this Agreement as a
joint and several obligor, repay any of the Obligations made to another Borrower hereunder or other Obligations incurred directly and primarily by any other Borrower (an “Accommodation Payment”), then the Borrower making such
Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each other Borrower in an amount, for each of such other Borrower, equal to a fraction of such Accommodation Payment, the numerator of which
fraction is such other Borrower’s Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Borrowers. As of any date of determination, the “Allocable Amount” of each Borrower shall
be equal to the maximum amount of liability for Accommodation Payments which would be asserted against such Borrower hereunder without (a) rendering such Borrower “insolvent” within the meaning of Section 101(31) of the
Bankruptcy Code, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform Fraudulent Conveyance Act (“UFCA”), (b) leaving such Borrower with unreasonably
small capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 5 of the UFCA, or (c) leaving such Borrower unable to pay its debts as they become due within the meaning of
Section 548 of the Bankruptcy Code or Section 4 of the UFTA, or Section 5 of the UFCA. 
 2.26 Notes. If so requested
by any Lender by written notice to the Borrower (with a copy to the Administrative Agent), the Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such
Lender pursuant to Section 10.6) (promptly after the Borrower’s receipt of such notice) a Note or Notes to evidence such Lender’s Loans. 

2.27 Incremental Term Loans. 

(a) Not more than one (1) time during the period commencing on the Closing Date through but excluding the date that is forty-two
(42) months following the Closing Date, provided no Default or Event of Default has occurred and is continuing and subject to the conditions set forth in clause (b) below, Borrower may request the funding of a new Term Loan (the
“Incremental Term Loan”), in an amount not to exceed $20,000,000. Any such request for the Incremental Term Loan shall be in a minimum amount of $5,000,000. Upon the funding, if any, of the Incremental Term Loan, the
scheduled amortization payments set forth in Section 2.3 shall be recalculated and increased, commencing in the first full quarter after such Incremental Term Loan is funded, by aggregating the Term Loan made on the Closing Date with the
Incremental Term Loan and multiplying such amount by the applicable percentage set forth in the table in Section 2.3, and such amended amortization schedule shall be effective commencing on the last day of the first full fiscal quarter
after the Incremental Term Loan is funded. 
 (b) Each of the following shall be conditions precedent to the making of the Incremental Term
Loan: 
 (i) Each of the conditions precedent set forth in Section 5.2 shall be satisfied. 

(ii) The Borrower shall be in compliance with the then applicable financial covenants set forth in Section 7.1 hereof as of the
end of the most recently ended month or quarter, as applicable, for which financial statements have been delivered prior to the making of the Incremental Term Loan on a pro forma basis; provided, that, the Consolidated Leverage Ratio as of
the last day of the most recently ended month or quarter, as applicable, for which financial statements have been delivered prior to the date on which the Incremental Term Loan is funded shall not exceed the (x) the Consolidated Leverage Ratio
on the Closing Date and (y) 0.25x less than the then-prevailing Consolidated Leverage Ratio covenant compliance level set forth in Section 7.1(b) for the most recently reported fiscal quarter end. 

  
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 (iii) The Borrower shall have delivered to the Administrative Agent updated Projections and a
Compliance Certificate evidencing compliance with the requirements of clauses (i) and (ii) above, together with all reasonably detailed calculations demonstrating such compliance. 

(iv) The Borrower shall have delivered an irrevocable written request for such Incremental Term Loan at least ten (10) Business Days
prior to the requested funding date of such Incremental Term Loan. 
 (v) any prospective Lender, the Borrower and the Administrative Agent
have signed a joinder agreement to this Agreement (an “Joinder”), in form and substance reasonably satisfactory to the Administrative Agent, to which such prospective Lender, the Borrower, and the Administrative Agent are
party (any Joinder may, with the consent of the Administrative Agent, the Borrower and the Lenders or prospective Lender agreeing to the Incremental Term Loan, effect such amendments to this Agreement and the other Loan Documents as may be necessary
or appropriate to effectuate the provisions of this Section 2.27 (including, if applicable, any amendment necessary to ensure and demonstrate that the Liens and security interests granted by the Loan Documents are perfected under the UCC to
secure the Obligations in respect of the Incremental Term Loans) and the Borrower shall have executed any Notes requested by any Lender in connection with the making of the Incremental Term Loan. Notwithstanding anything to the contrary in this
Agreement or in any other Loan Document, a Joinder reasonably satisfactory to the Administrative Agent, and the amendments to this Agreement effected thereby, shall not require the consent of any Lender other than the Lenders, or prospective Lender,
agreeing to make the Incremental Term Loan. 
 (c) No Term Lender shall be obligated to participate in any Incremental Term Loan, and each
such Term Lender’s determination to participate shall be in such Term Lender’s sole and absolute discretion. The Administrative Agent shall invite each Term Lender to provide an Incremental Term Loan (it being understood that no Term
Lender shall be obligated to provide an Incremental Term Loan) and to the extent, one (1) Business Day after receipt of invitation, sufficient Term Lenders do not agree to provide an Incremental Term Loan on terms acceptable to the Borrower,
then the Borrower may invite any prospective lender that satisfies the criteria of being an “Eligible Assignee” and is reasonably satisfactory to the Administrative Agent to become a Lender in connection with the proposed Incremental Term
Loan. 
 (d) The Incremental Term Loan shall, for purposes of prepayments, be treated substantially the same as the Term Loan funded on the
Closing Date, and shall have the same terms as the Term Loan; provided that the interest rates and fees for the Incremental Term Loan shall be agreed upon by the Borrower and the Lenders providing such Incremental Term Loan and shall be
generally consistent with the then market rates and fees with respect to other term loans then in the market place; provided, further, however, that if the interest rate or fees required for the Incremental Term Loan exceeds the
interest rate or fees (without giving effect to the Default Rate) then in effect for the Term Loan Facility by more than 0.25% (or more than 1.00% of original issue discount), then this Agreement shall be amended to increase the Applicable Margin
applicable to the Term Loans funded on the Closing Date to the same rate as the Incremental Term Loan and fees applicable to the Term Loan Facility shall thereafter be adjusted to reflect the fees applicable to the Incremental Term Loan. Taking into
account the scheduled amortization for the Term Loan from and after the date that the Incremental Term Loan is made as set forth in Section 2.27(a) above, the final stated maturity date of the Incremental Term Loan shall be no sooner
than the Term Loan Maturity Date, and the weighted average life to maturity of any such Incremental Term Loan shall not be shorter than the weighted average life to maturity applicable to the 

  
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then outstanding Term Loan. Without limiting the foregoing, the Borrower shall pay to each Lender providing a portion of the Incremental Term Loan an additional commitment fee in the amount of
1.00% of such Lender’s portion of the Incremental Term Loan payable on the date of the funding of such Incremental Term Loan. 
 (e)
Upon the funding of any Incremental Term Loan, all references in this Agreement and any other Loan Document to the Term Loans shall be deemed, unless the context otherwise requires, to include the Incremental Term Loan advanced pursuant to this
Section 2.27 and (ii) all references in this Agreement and any other Loan Document to the Term Commitments shall be deemed, unless the context otherwise requires, to include the commitment to advance an amount equal to the
Incremental Term Loans contemplated pursuant to this Section 2.27. 
 (f) Any Incremental Term Loan established pursuant to this
Section 2.27 shall constitute a Term Loan and Term Commitment under the Loan Documents, and shall rank pari passu in right of payment in respect of the Collateral and with the Obligations in respect of the Term Loans. 

2.28 LTX as Administrative Borrower. 

Each entity composing the Borrower hereby irrevocably appoints LTX as the borrowing agent and attorney-in-fact for all entities composing the
Borrower (the “Administrative Borrower”) which appointment shall remain in full force and effect unless and until the Administrative Agent shall have received prior written notice signed by each entity composing the Borrower
that such appointment has been revoked and that another entity composing the Borrower has been appointed Administrative Borrower. Each entity composing the Borrower hereby irrevocably appoints and authorizes the Administrative Borrower (a) to
provide Agent with all notices with respect to Loans and Letters of Credit obtained for the benefit of any entity composing the Borrower and all other notices and instructions under this Agreement and the other Loan Documents, and (b) to take
such action as the Administrative Borrower deems appropriate on its behalf to obtain Loans and Letters of Credit and to exercise such other powers as are reasonably incidental thereto to carry out the purposes of this Agreement and the other Loan
Documents 
 SECTION 3 

LETTERS OF CREDIT 
 3.1
L/C Commitment. 
 (a) Subject to the terms and conditions hereof, the Issuing Lender agrees to issue letters of credit
(“Letters of Credit”) for the account of the Borrower on any Business Day during the Letter of Credit Availability Period in such form as may reasonably be approved from time to time by the Issuing Lender; provided
that the Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, the L/C Exposure would exceed either the Total L/C Commitments or the Available Revolving Commitment at such time. Each Letter
of Credit shall (i) be denominated in Dollars or, in the sole discretion of the Issuing Lender with respect to any particular Letter of Credit, a Foreign Currency, and (ii) expire no later than the earlier of (x) the first anniversary
of its date of issuance and (y) the Letter of Credit Maturity Date, provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the
date referred to in clause (y) above). For the avoidance of doubt, no commercial letters of credit shall be issued by the Issuing Lender to any Person under this Agreement. For purposes of this Agreement, the stated amount of any Letter of
Credit issued in a Foreign Currency shall be converted into Dollars from time to time by the Issuing Lender and upon any drawing under such Letter of Credit. 

  
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 (b) The Issuing Lender shall not at any time be obligated to issue any Letter of Credit if: 

(i) such issuance would conflict with, or cause the Issuing Lender or any L/C Lender to exceed any limits imposed by, any applicable
Requirement of Law; 
 (ii) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin
or restrain the Issuing Lender from issuing, amending or reinstating such Letter of Credit, or any law, rule or regulation applicable to the Issuing Lender or any request, guideline or directive (whether or not having the force of law) from any
Governmental Authority with jurisdiction over the Issuing Lender shall prohibit, or request that the Issuing Lender refrain from, the issuance, amendment, renewal or reinstatement of letters of credit generally or such Letter of Credit in particular
or shall impose upon the Issuing Lender with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the Issuing Lender is not otherwise compensated) not in effect on the Closing Date, or shall impose upon the
Issuing Lender any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the Issuing Lender in good faith deems material to it; 

(iii) the Issuing Lender has received written notice from any Lender, the Administrative Agent or the Borrower, at least one
(1) Business Day prior to the requested date of issuance, amendment, renewal or reinstatement of such Letter of Credit, that one or more of the applicable conditions contained in Section 5.2 shall not then be satisfied (which notice
shall contain a description of any such condition asserted not to be satisfied); 
 (iv) any requested Letter of Credit is not in form and
substance acceptable to the Issuing Lender, or the issuance, amendment or renewal of a Letter of Credit shall violate any applicable laws or regulations or any applicable policies of the Issuing Lender; 

(v) such Letter of Credit contains any provisions providing for automatic reinstatement of the stated amount after any drawing thereunder; or

 (vi) any Lender is at that time a Defaulting Lender, unless the Issuing Lender has entered into arrangements, including the delivery of
Cash Collateral pursuant to Section 3.10, satisfactory to the Issuing Lender (in its sole discretion) with the Borrower or such Defaulting Lender to eliminate the Issuing Lender’s actual or potential Fronting Exposure (after giving
effect to Section 2.24(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or such Letter of Credit and all other L/C Exposure as to which the Issuing Lender has actual or
potential Fronting Exposure, as it may elect in its sole discretion. 
 3.2 Procedure for Issuance of Letters of Credit. The Borrower
may from time to time request that the Issuing Lender issue a Letter of Credit for the account of the Borrower by delivering to the Issuing Lender at its address for notices specified herein an Application therefor, completed to the satisfaction of
the Issuing Lender, and such other certificates, documents and other papers and information as the Issuing Lender may request. Upon receipt of any Application, the Issuing Lender will process such Application and the certificates, documents and
other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Lender be required to issue any
Letter of Credit earlier than three (3) Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit
to the beneficiary thereof or as otherwise may be agreed to by the Issuing Lender and the Borrower. The Issuing Lender shall furnish a copy of such Letter of Credit to the Borrower promptly 

  
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following the issuance thereof. The Issuing Lender shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the Lenders, notice of the issuance of each Letter
of Credit (including the amount thereof). 
 3.3 Fees and Other Charges. 

(a) Each Revolving Borrower agrees to pay, with respect to each Existing Letter of Credit and each outstanding Letter of Credit issued for the
account of (or at the request of) the Borrower, (i) a letter of credit fee equal to the Applicable Rate relating to Letters of Credit multiplied by the average daily amount available to be drawn under each such Letter of Credit on the
drawable amount of such Letter of Credit divided by 360 multiplied by the number of days in the applicable period to the Administrative Agent for the ratable account of the L/C Lenders (determined in accordance with their respective
L/C Percentages) (a “Letter of Credit Fee”), and (ii) the Issuing Lender’s standard and reasonable fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit issued for the account of
(or at the request of) such Revolving Borrower or processing of drawings thereunder (the fees in this clause (iii), collectively, the “Issuing Lender Fees”). The Issuing Lender Fees shall be paid when required by the Issuing
Lender, and the Letter of Credit Fee shall be payable quarterly in arrears on the last Business Day of March, June, September and December of each year and on the Letter of Credit Maturity Date (each, an “L/C Fee Payment
Date”) after the issuance date of such Letter of Credit. All Letter of Credit Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days. 

(b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses
as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. 

(c) The Borrower shall furnish to the Issuing Lender and the Administrative Agent such other documents and information pertaining to any
requested Letter of Credit issuance, amendment or renewal, including any L/C-Related Documents, as the Issuing Lender or the Administrative Agent may require. This Agreement shall control in the event of any conflict with any L/C-Related Document
(other than any Letter of Credit). 
 (d) Any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to
any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the Issuing Lender pursuant to Section 3.10 shall be payable, to the maximum extent permitted by applicable law, to the other L/C
Lenders in accordance with the upward adjustments in their respective L/C Percentages allocable to such Letter of Credit pursuant to Section 2.24(a)(iv), with the balance of such Letter of Credit Fees, if any, payable to the Issuing
Lender for its own account. 
 (e) All fees payable pursuant to this Section 3.3 shall be fully-earned on the date paid and
shall not be refundable for any reason. 
 3.4 L/C Participations; Existing Letters of Credit. 

(a) L/C Participations. The Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Lender, and, to induce the Issuing
Lender to issue Letters of Credit, each L/C Lender irrevocably agrees to accept and purchase and hereby accepts and purchases from the Issuing Lender, on the terms and conditions set forth below, for such L/C Lender’s own account and risk an
undivided interest equal to such L/C Lender’s L/C Percentage in the Issuing Lender’s obligations and rights under and in respect of each Letter of Credit and the amount of each draft paid by the Issuing Lender

  
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thereunder. Each L/C Lender agrees with the Issuing Lender that, if a draft is paid under any Letter of Credit for which the Issuing Lender is not reimbursed in full by the Borrower pursuant to
Section 3.5(a), such L/C Lender shall pay to the Issuing Lender upon demand at the Issuing Lender’s address for notices specified herein an amount equal to such L/C Lender’s L/C Percentage of the amount of such draft, or any
part thereof, that is not so reimbursed. Each L/C Lender’s obligation to pay such amount shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or
other right that such L/C Lender may have against the Issuing Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence of a Default or an Event of Default or the failure to satisfy any of the other conditions
specified in Section 5.2, (iii) any adverse change in the condition (financial or otherwise) of the Borrower, (iv) any breach of this Agreement or any other Loan Document by the Borrower, any other Loan Party or any other L/C
Lender, or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 
 (b)
Existing Letters of Credit. On and after the Closing Date, each Existing Letter of Credit shall be deemed for all purposes, including for purposes of the fees to be collected pursuant to Sections 3.3(a) and (b), reimbursement of
costs and expenses to the extent provided herein and for purposes of being secured by the Collateral, a Letter of Credit outstanding under this Agreement and entitled to the benefits of this Agreement and the other Loan Documents, and shall be
governed by the applications and agreements pertaining thereto and by this Agreement (which shall control in the event of a conflict). 

3.5 Reimbursement. 
 (a)
If the Issuing Lender shall make any L/C Disbursement in respect of a Letter of Credit, the Issuing Lender shall notify the Borrower and the Administrative Agent thereof and the Borrower shall pay or cause to be paid to the Issuing Lender an amount
equal to the entire amount of such L/C Disbursement not later than (i) the immediately following Business Day if the Issuing Lender issues such notice before 1:00 p.m. Eastern time on the date of such L/C Disbursement, or (ii) on the
second following Business Day if the Issuing Lender issues such notice at or after 1:00 p.m. Eastern time on the date of such L/C Disbursement. Each such payment shall be made to the Issuing Lender at its address for notices referred to herein in
Dollars and in immediately available funds. 
 (b) If the Issuing Lender shall not have received from the Borrower the payment that it is
required to make pursuant to Section 3.5(a) with respect to a Letter of Credit within the time specified in such Section, the Issuing Lender will promptly notify the Administrative Agent of the L/C Disbursement and the Administrative
Agent will promptly notify each L/C Lender of such L/C Disbursement and its L/C Percentage thereof, and each L/C Lender shall pay to the Issuing Lender upon demand at the Issuing Lender’s address for notices specified herein an amount equal to
such L/C Lender’s L/C Percentage of such L/C Disbursement (and the Administrative Agent may apply Cash Collateral provided for this purpose) and upon such payment pursuant to this paragraph to reimburse the Issuing Lender for any L/C
Disbursement, the Borrower shall be required to reimburse the L/C Lenders for such payments (including interest accrued thereon from the date of such payment until the date of such reimbursement at the rate applicable to Revolving Loans that are ABR
Loans plus 2% per annum) on demand; provided that if at the time of and after giving effect to such payment by the L/C Lenders, the conditions to borrowings and Revolving Loan Conversions set forth in Section 5.2 are
satisfied, the Borrower may, by written notice to the Administrative Agent certifying that such conditions are satisfied and that all interest owing under this paragraph has been paid, request that such payments by the L/C Lenders be converted into
Revolving Loans (a “Revolving Loan Conversion”), in which case, if such conditions are in fact satisfied, the L/C Lenders shall be deemed to have extended, and the Borrower shall be deemed to have accepted, a Revolving Loan
in the aggregate principal amount of such payment 

  
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without further action on the part of any party, and the Total L/C Commitments shall be permanently reduced by such amount; any amount so paid pursuant to this paragraph shall, on and after the
payment date thereof, be deemed to be Revolving Loans for all purposes hereunder; provided that the Issuing Lender, at its option, may effectuate a Revolving Loan Conversion regardless of whether the conditions to borrowings and Revolving
Loan Conversions set forth in Section 5.2 are satisfied. 
 3.6 Obligations Absolute. The Borrower’s obligations
under this Section 3 shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have had against the Issuing Lender, any
beneficiary of a Letter of Credit or any other Person. The Borrower also agrees with the Issuing Lender that the Issuing Lender shall not be responsible for, and the Borrower’s obligations hereunder shall not be affected by, among other things,
the validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Borrower and any beneficiary of any Letter of Credit or
any other party to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such transferee. The Issuing Lender shall not be liable for any error, omission,
interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit, except for errors or omissions found by a final and nonappealable decision of a court of competent
jurisdiction to have resulted from the gross negligence or willful misconduct of the Issuing Lender. The Borrower agrees that any action taken or omitted by the Issuing Lender under or in connection with any Letter of Credit or the related drafts or
documents, if done in the absence of gross negligence or willful misconduct, shall be binding on the Borrower and shall not result in any liability of the Issuing Lender to the Borrower. 

In addition to amounts payable as elsewhere provided in the Agreement, the Borrower hereby agrees to pay and to protect, indemnify, and save
Issuing Lender harmless from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable attorneys’ fees and allocated costs of internal counsel) that the Issuing Lender may incur or
be subject to as a consequence, direct or indirect, of (A) the issuance of any Letter of Credit, or (B) the failure of Issuing Lender or of any L/C Lender to honor a demand for payment under any Letter of Credit thereof as a result of any
act or omission, whether rightful or wrongful, of any present or future de jure or de facto government or Governmental Authority, in each case other than to the extent solely as a result of the gross negligence or willful misconduct of Issuing
Lender or such L/C Lender (as finally determined by a court of competent jurisdiction). 
 3.7 Letter of Credit Payments. If any
draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Borrower and the Administrative Agent of the date and amount thereof. The responsibility of the Issuing Lender to the Borrower in
connection with any draft presented for payment under any Letter of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered
under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter of Credit. 
 3.8
Applications. To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this Section 3, the provisions of this Section 3 shall apply. 

3.9 Interim Interest. If the Issuing Lender shall make any L/C Disbursement in respect of a Letter of Credit, then, unless either the
Borrower shall have reimbursed such L/C Disbursement in full within the time period specified in Section 3.5(a) or the L/C Lenders shall have reimbursed such L/C Disbursement in full on such date as provided in
Section 3.5(b), in each case the unpaid amount thereof shall bear interest for the account of the Issuing Lender, for each day from and including the date of such 

  
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L/C Disbursement to but excluding the date of payment by the Borrower, at the rate per annum that would apply to such amount if such amount were a Revolving Loan that is an ABR Loan;
provided that the provisions of Section 2.15(c) shall be applicable to any such amounts not paid when due. 
 3.10
Cash Collateral. 
 (a) Certain Credit Support Events. Upon the request of the Administrative Agent or the Issuing Lender
(i) if the Issuing Lender has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Advance by all the L/C Lenders that is not reimbursed by the Borrower or converted into a Revolving
Loan pursuant to Section 3.5(b), or (ii) if, as of the Letter of Credit Maturity Date, any L/C Exposure for any reason remains outstanding, the Borrower shall, in each case, immediately Cash Collateralize the then effective L/C
Exposure in an amount equal to 105% of such L/C Exposure (or, with respect to L/C Exposure consisting of foreign Letters of Credit, 110% of such L/C Exposure). 

At any time that there shall exist a Defaulting Lender, within one (1) Business Day following the request of the Administrative Agent or
the Issuing Lender (with a copy to the Administrative Agent), the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover 105% of the Fronting Exposure relating to the Letters of Credit (or, with respect
to Fronting Exposure relating to foreign Letters of Credit, 110% of such Fronting Exposure) (after giving effect to Section 2.24(a)(iv) and any Cash Collateral provided by such Defaulting Lender). 

(b) Grant of Security Interest. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be
maintained in blocked, non-interest bearing deposit accounts with the Administrative Agent. The Borrower, and to the extent provided by any Lender or Defaulting Lender, such Lender or Defaulting Lender, hereby grants to (and subjects to the control
of) the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Lender and the L/C Lenders, and agrees to maintain, a first priority security interest and Lien in all such Cash Collateral and in all proceeds thereof, as
security for the Obligations to which such Cash Collateral may be applied pursuant to Section 3.10(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the
Administrative Agent or any Issuing Lender as herein provided (other than Liens permitted under Section 7.02(o), or that the total amount of such Cash Collateral is less than 105% of the applicable L/C Exposure (or, with respect to L/C Exposure
consisting of foreign Letters of Credit, 110% of such L/C Exposure), Fronting Exposure (or, with respect to Fronting Exposure relating to foreign Letters of Credit, 110% of such Fronting Exposure) and other Obligations secured thereby, the Borrower
or the relevant Lender or Defaulting Lender, as applicable, will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after
giving effect to any Cash Collateral provided by such Defaulting Lender). 
 (c) Application. Notwithstanding anything to the
contrary contained in this Agreement, Cash Collateral provided under any of this Section 3.10, Section 2.24 or otherwise in respect of Letters of Credit shall be held and applied to the satisfaction of the specific L/C
Exposure, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other
application of such property as may otherwise be provided for herein. 
 (d) Termination of Requirement. Cash Collateral (or the
appropriate portion thereof) provided to reduce Fronting Exposure in respect of Letters of Credit or other Obligations shall no longer be required to be held as Cash Collateral pursuant to this Section 3.10 following (i) the
elimination of the applicable Fronting Exposure and other Obligations giving rise thereto (including by the termination of 

  
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the Defaulting Lender status of the applicable Lender), or (ii) a determination by the Administrative Agent and the Issuing Lender that there exists excess Cash Collateral; provided,
however, (A) that Cash Collateral furnished by or on behalf of a Loan Party shall not be released during the continuance of an Event of Default, and (B) that, subject to Section 2.24, the Person providing such Cash
Collateral and the Issuing Lender may agree that such Cash Collateral shall not be released but instead shall be held to support future anticipated Fronting Exposure or other obligations, and provided further, that to the extent that
such Cash Collateral was provided by the Borrower or any other Loan Party, such Cash Collateral shall remain subject to any security interest and Lien granted pursuant to the Loan Documents. 

3.11 Additional Issuing Lenders. The Borrower may, at any time and from time to time with the consent of the Administrative Agent
(which consent shall not be unreasonably withheld, conditioned or delayed) and such Lender or Lenders, as applicable, designate one or more additional Lenders to act as a Letter of Credit issuing bank under the terms of this Agreement. Any Lender
designated as a Letter of Credit issuing bank pursuant to this paragraph shall be deemed to be an “Issuing Lender” (in addition to being a Lender) in respect of Letters of Credit issued or to be issued by such Lender, and,
with respect to such Letters of Credit, such term shall thereafter apply to the other Issuing Lender and such Lender. 
 3.12 Resignation
of the Issuing Lender. The Issuing Lender may resign at any time by giving at least 30 days’ prior written notice to the Administrative Agent, the Lenders and the Borrower. Subject to the next succeeding paragraph, upon the acceptance of
any appointment as the Issuing Lender hereunder by a Lender that shall agree to serve as successor Issuing Lender, such successor shall succeed to and become vested with all the interests, rights and obligations of the retiring Issuing Lender and
the retiring Issuing Lender shall be discharged from its obligations to issue additional Letters of Credit hereunder without affecting its rights and obligations with respect to Letters of Credit previously issued by it. At the time such resignation
shall become effective, the Borrower shall pay all accrued and unpaid fees pursuant to Section 3.3. The acceptance of any appointment as the Issuing Lender hereunder by a successor Lender shall be evidenced by an agreement entered into
by such successor, in a form satisfactory to the Borrower and the Administrative Agent, and, from and after the effective date of such agreement, (i) such successor Lender shall have all the rights and obligations of the previous Issuing Lender
under this Agreement and the other Loan Documents (other than with respect to the rights of the retiring Issuing Lender with respect to Letters of Credit issued by such retiring Issuing Lender) and (ii) references herein and in the other Loan
Documents to the term “Issuing Lender” shall be deemed to refer to such successor or to any previous Issuing Lender, or to such successor and all previous Issuing Lenders, as the context shall require. After the resignation of the Issuing
Lender hereunder, the retiring Issuing Lender shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Lender under this Agreement and the other Loan Documents with respect to Letters of Credit issued by it
prior to such resignation, but shall not be required to issue additional Letters of Credit or to extend, renew or increase any existing Letter of Credit. 

3.13 Applicability of ISP. Unless otherwise expressly agreed by the Issuing Lender and the Borrower when a Letter of Credit is issued
(including pursuant to any such agreement applicable to any Existing Letter of Credit) and subject to applicable laws, the Letters of Credit shall be governed by and subject to the rules of the ISP. 

SECTION 4 

REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent and the Lenders to enter into this Agreement, to make the initial Loans on the Closing Date and to make
Loans and to issue the Letters of Credit thereafter (it being understood and agreed that the conversion or continuation of Loans hereunder shall not be deemed to be a Loan for the purposes of Section 4 hereof), the Borrowers hereby jointly and
severally represent and 

  
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warrant to the Administrative Agent and each Lender, as to themselves, each of their respective Subsidiaries and each other Loan Party, as applicable, that (it being understood and agreed that
with respect to the Acquired Business, only the Specified Representations shall be made on the Closing Date): 
 4.1 Financial Condition.

 (a) The Pro Forma Financial Statements have been prepared giving effect on a Pro Forma Basis (as if such events had occurred on such
date) to (i) the consummation of the Acquisition, (ii) the Loans to be made on the Closing Date and the use of proceeds thereof, and (iii) the payment of fees and expenses in connection with the foregoing. The Pro Forma Financial
Statements have been prepared based on the best information available to LTX as of the date of delivery thereof, and represent the Borrower’s good faith estimates on a Pro Forma basis of the estimated financial position of LTX and its
consolidated Subsidiaries as of July 31, 2013 assuming that the events specified in the preceding sentence had actually occurred at such date, it being recognized by the Agent and Lenders that such financial information as it relates to future
events is not to be viewed as fact and that actual results during the period or periods covered by such financial information may differ from the projected results set forth therein by a material amount. 

(b) The audited consolidated and consolidating balance sheets of LTX and its Subsidiaries as of July 31, 2013, and the related
consolidated and consolidating statements of income and of cash flows for the fiscal years ended on such dates, reported on by and accompanied by an unqualified report from BDO LLP, present fairly in all material respects the financial condition of
LTX and its Subsidiaries as at such date, and the consolidated results of its operations and its consolidated cash flows for the respective fiscal years then ended. The audited consolidated and consolidating balance sheets of the Acquired Business
as of December 31, 2012, and the related consolidated and consolidating statements of income and of cash flows for the fiscal years ended on such dates, reported on by and accompanied by an unqualified report from PricewaterhouseCoopers LLP,
present fairly in all material respects the financial condition of the Acquired Business as at such date, and the consolidated results of its operations for the respective fiscal years then ended. The unaudited consolidated and consolidating balance
sheet of LTX and its Subsidiaries as at July 31, 2013, and the related unaudited consolidated and consolidating statements of income and cash flows for the three-month period ended on such date, present fairly in all material respects the
consolidated financial condition of LTX and its Subsidiaries as at such date, and the consolidated results of its operations and its consolidated cash flows for the three-month period then ended (subject to normal
year-end audit adjustments). The unaudited statements of income of the Acquired Business for the six-month period ended on June 30, 2013 present fairly in all material respects the financial condition of
the Acquired Business as at such date, and the results of its operations for the six month period then ended (subject to normal year-end audit adjustments). All such financial statements, including the related
schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved (except (i) as approved by the aforementioned firm of accountants and disclosed therein and (ii) for the absence
of footnotes and subject to year end adjustments for unaudited financial statements). No Group Member has, as of the Closing Date, any material Guarantee Obligations, nor other material Indebtedness, that is not reflected in the financial statements
referred to in this paragraph. During the period from July 31, 2013 to and including the date hereof, other than the Transactions, there has been no Disposition by any Group Member of any material part of its business or property. 

4.2 No Change. Since July 31, 2012, as of the Closing Date, there has been no development or event that has had or would
reasonably be expected to have a Material Adverse Effect. 
 4.3 Existence; Compliance with Law. Each Group Member (a) is duly
organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has the power and 

  
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authority, and the legal right, to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged, (c) is duly
qualified as a foreign corporation or other organization and in good standing under the laws of each jurisdiction where the failure to be so qualified would reasonably be expected to have a Material Adverse Effect and (d) is in material
compliance with all Requirements of Law except in such instances in which (i) such Requirement of Law is being contested in good faith by appropriate proceedings diligently conducted and the prosecution of such contest would not reasonably be
expected to result in a Material Adverse Effect, or (ii) the failure to comply therewith, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

4.4 Power, Authorization; Enforceable Obligations. Each Loan Party has the power and authority, and the legal right, to make, deliver
and perform the Loan Documents to which it is a party and, in the case of the Borrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of
the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement. No Governmental Approval or consent or authorization of, filing with, notice to or other
act by or in respect of, any other Person is required in connection with the Acquisition and (except for filings in connection with the perfection of security interests) the extensions of credit hereunder or with the execution, delivery,
performance, validity or enforceability of this Agreement or any of the Loan Documents, except (i) Governmental Approvals, consents, authorizations, filings and notices to or other acts by or in respect of other Persons that have been obtained
or made and are in full force and effect, (ii) the filings referred to in Section 4.19 and (iii) Governmental Approvals, consents, authorizations, filings and notices to or other acts by or in respect of other Persons described
in Schedule 4.4. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding
obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 

4.5 No Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the issuance of Letters of
Credit, the borrowings hereunder and the use of the proceeds thereof will not violate any material Requirement of Law (except as set forth in Schedule 4.5 but including any Operating Document of any Group Member) or any material Contractual
Obligation of any Group Member and will not result in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any material Requirement of Law or any such material Contractual Obligation
(other than the Liens created by the Security Documents). No Requirement of Law or Contractual Obligation applicable to the Borrower or any of its Subsidiaries would reasonably be expected to have a Material Adverse Effect. The absence of obtaining
the Governmental Approvals described in Schedule 4.5 and the violations of Requirements of Law referenced in Schedule 4.5 shall not have an adverse effect on any rights of the Lenders or the Administrative Agent pursuant to the Loan
Documents or an adverse effect on the Group Members with regard to their continuing operations as expected to result from the Acquisition. 

4.6 Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the
knowledge of the Borrower, threatened in writing against any Group Member or against any of their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby, or
(b) that would reasonably be expected to have a Material Adverse Effect (other than the matters disclosed on Schedule 4.6 (collectively, the “Disclosed Matters”). Since the date of this Agreement, there has been no change in
the status of the Disclosed Matters that, individually or in the aggregate, has resulted in, or materially increased the likelihood of, a Material Adverse Effect. 

  
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 4.7 No Default. No Group Member is in default under or with respect to any of its
Contractual Obligations in any respect that would reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing, nor shall either result from the making of a requested credit extension. 

4.8 Ownership of Property; Liens; Investments. Each Group Member has title in fee simple to, or a valid leasehold interest in, all of
its real property, and good title to, or a valid leasehold interest in, all of its other property, and none of such property is subject to any Lien except as permitted by Section 7.3. No Loan Party owns any Investment except as permitted
by Section 7.7. Section 10 of the Collateral Information Certificate sets forth a list of all real property owned by each Loan Party as of the Closing Date, if any, that is complete and accurate in all material respects.
Section 11 of the Collateral Information Certificate sets forth a list of all leases of real property under which any Loan Party is the lessee as of the Closing Date that is complete and accurate in all material respects. 

4.9 Intellectual Property. To the knowledge of Borrower, each Group Member owns, or is licensed to use, all Intellectual Property
necessary for the conduct of its business as currently conducted, except where the failure to so own or license any such Intellectual Property would not reasonably be expected to have a Material Adverse Effect. No written claim has been asserted and
is pending by any Person challenging or questioning any Group Member’s use of any Intellectual Property or the validity or effectiveness of any such Group Member’s Intellectual Property, nor does the Borrower know of any valid basis for
any such claim, in each case unless such claim would not reasonably be expected to have a Material Adverse Effect. To the knowledge of the Loan Parties, the use of Intellectual Property by each Group Member, and the conduct of such Group
Member’s business, as currently conducted, does not infringe on or otherwise violate the rights of any Person, unless such infringement would not reasonably be expected to have a Material Adverse Effect, and there are no claims pending or, to
the knowledge of the Borrower, threatened in writing to such effect which could reasonably be expected to result in a Material Adverse Effect. 

4.10 Taxes. Each Group Member has filed or caused to be filed all Federal, all material income and all other material state and other
tax returns that are required to be filed and has paid all material Taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other material Taxes imposed on it or any of its property by
any Governmental Authority (other than any the amount or validity of which are currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of the
relevant Group Member); no Tax Lien has been filed upon any property of a Group Member (other than Liens permitted by Section 7.3(a)), and, to the knowledge of the Borrower, no material claim has been asserted, as of the Closing Date,
with respect to any such Tax. 
 4.11 Federal Regulations. No part of the proceeds of any Loans, and no other extensions of credit
hereunder, will be used (a) for “buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect for any
purpose that violates the provisions of the Regulations of the Board or (b) for any purpose that violates the provisions of the Regulations of the Board. If requested by any Lender or the Administrative Agent, the Borrower will furnish to the
Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1, as applicable, referred to in Regulation U. 

  
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 4.12 Labor Matters. Except as, in the aggregate, would not reasonably be expected to have
a Material Adverse Effect: (a) there are no strikes or other labor disputes against any Group Member pending or, to the knowledge of the Borrower, threatened; (b) hours worked by and payment made to employees of each Group Member have not
been in violation of the Fair Labor Standards Act or any other applicable Requirement of Law dealing with such matters; and (c) all payments due from any Group Member on account of employee health and welfare insurance have been paid or accrued
as a liability on the books of the relevant Group Member. 
 4.13 ERISA. 

(a) Each Loan Party and each of its respective ERISA Affiliates are in compliance in all material respects with all applicable provisions and
requirements of ERISA with respect to each Pension Plan, and have performed all their obligations under each Pension Plan; 
 (b) no ERISA
Event has occurred or is reasonably expected to occur; 
 (c) each Loan Party and each of its respective ERISA Affiliates has met all
applicable requirements under the ERISA Funding Rules with respect to each Pension Plan, and no waiver of the minimum funding standards under the ERISA Funding Rules has been applied for or obtained; 

(d) as of the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2)
of the Code) is at least 60%, and no Loan Party nor any of its respective ERISA Affiliates knows of any facts or circumstances that would reasonably be expected to cause the funding target attainment percentage to fall below 60% as of the most
recent valuation date; 
 (e) as of the most recent valuation date for any Pension Plan, the amount of outstanding benefit liabilities (as
defined in Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities), does not exceed $1,000,000;

 (f) the execution and delivery of this Agreement and the consummation of the transactions contemplated hereunder will not involve any
transaction that is subject to the prohibitions of Section 406 of ERISA with respect to a Loan Party or its respective ERISA Affiliates or, to the knowledge of the Loan Parties, any other party in interest to a Pension Plan or in connection
with which taxes could be imposed on such parties pursuant to Section 4975(c)(1)(A)-(D) of the Code; 
 (g) all liabilities under
each Pension Plan are (i) funded to at least the minimum level required by law, (ii) provided for or recognized in the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto or
(iii) estimated in the formal notes to the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto; and; 

(h) (i) no Loan Party is nor will any such Loan Party be a “plan” within the meaning of Section 4975(e) of the Code;
(ii) the respective assets of the Loan Parties do not and will not constitute “plan assets” within the meaning of the United States Department of Labor Regulations set forth in 29 C.F.R. §2510.3-101; (iii) no Loan Party is
nor will any such Loan Party be a “governmental plan” within the meaning of Section 3(32) of ERISA; and (iv) transactions by or with any Loan Party are not and will not be subject to state statutes applicable to such Loan Party
regulating investments of fiduciaries with respect to governmental plans. 

  
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 4.14 Investment Company Act; Other Regulations. No Loan Party is an “investment
company” within the meaning of the Investment Company Act of 1940, as amended. Except as set forth in Schedule 4.5, no such Loan Party is subject to regulation under any Requirement of Law (other than Regulation X of the Board),
including the Federal Power Act, that may limit its ability to incur Indebtedness or that may otherwise render all or any portion of the Obligations unenforceable. 

4.15 Subsidiaries. (a) Schedule 4.15 sets forth, as of the Closing Date, the name and jurisdiction of organization of the
Borrower and each Subsidiary of the Borrower and, as to each such Subsidiary and the Borrower, the percentage of each class of Capital Stock owned by any Loan Party and any such Subsidiary, and (b) except as set forth in Schedule 4.15
and except as disclosed to the Administrative Agent by the Borrower in writing from time to time after the Closing Date, there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock
options granted to employees or directors and directors’ qualifying shares) of any nature relating to any Capital Stock of the Borrower or any Subsidiary, except as may be created by the Loan Documents. 

4.16 Use of Proceeds. The proceeds of the Term Loans and the Revolving Loans shall be used to finance a portion of the Acquisition, to
pay related fees and expenses and for working capital and general corporate purposes. All or a portion of the proceeds of the Revolving Loans and the Letters of Credit, shall be used for general corporate purposes. 

4.17 Environmental Matters. Except as, in the aggregate, would not reasonably be expected to have a Material Adverse Effect: 

(a) Except as disclosed on Schedule 4.17, the facilities and properties owned, leased or operated by any Group Member (the
“Properties”) do not contain, and, to the knowledge of the Borrower, have not previously contained, any Materials of Environmental Concern in amounts or concentrations or under circumstances that constitute or have
constituted a violation of, or would give rise to liability under, any Environmental Law; 
 (b) no Group Member has received or is aware of
any notice of violation, alleged violation, non-compliance, liability or potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or the business operated by any Group Member (the
“Business”), nor does the Borrower have knowledge or reason to believe that any such notice will be received or is being threatened; 

(c) no Group Member has transported or disposed of Materials of Environmental Concern from the Properties in violation of, or in a manner or
to a location that would give rise to liability under, any Environmental Law, nor has any Group Member generated, treated, stored or disposed of Materials of Environmental Concern at, on or under any of the Properties in violation of, or in a manner
that would give rise to liability under, any applicable Environmental Law; 
 (d) no judicial proceeding or governmental or administrative
action is pending or, to the knowledge of the Borrower, threatened, under any Environmental Law to which any Group Member is or will be named as a party with respect to the Properties or the Business, nor are there any consent decrees or other
decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to the Properties or the Business; 

(e) there has been no release or threat of release of Materials of Environmental Concern at or from the Properties arising from or related to
the operations of any Group Member or otherwise in connection with the Business, in violation of or in amounts or in a manner that would give rise to liability under Environmental Laws; 

  
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 (f) the Properties and all operations of the Group Members at the Properties are in compliance,
and have in the last five years been in compliance, with all applicable Environmental Laws, and except as disclosed on Schedule 4.17, to the knowledge of the Borrower, there is no contamination at, under or about the Properties or violation
of any Environmental Law with respect to the Properties or the Business; and 
 (g) no Group Member has assumed any liability of any other
Person under Environmental Laws. 
 4.18 Accuracy of Information, Etc. No statement or written information contained in this
Agreement, any other Loan Document or any other document, certificate or written statement furnished by or on behalf of any Loan Party to the Administrative Agent or the Lenders, or any of them, for use in connection with the transactions
contemplated by this Agreement or the other Loan Documents, contained as of the date such statement, information, document or certificate was so furnished, any untrue statement of a material fact or omitted to state a material fact necessary to make
the statements contained herein or therein not misleading in any material respect. The projections and pro forma financial information contained in the materials referenced above are based upon good faith estimates and assumptions believed by
the Borrower to be reasonable at the time made, it being recognized by Agent and the Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered by
such financial information may differ from the projected results set forth therein by a material amount. As of the date hereof, the representations and warranties made by LTX contained in the Acquisition Documentation are true and correct in all
material respects and all conditions to the consummation of the Acquisition set forth in the Acquisition Documentation have been satisfied. 

4.19 Security Documents. 

(a) The Guarantee and Collateral Agreement is effective to create in favor of the Administrative Agent, for the ratable benefit of the Secured
Parties, a legal, valid and enforceable security interest in the Collateral described therein and the proceeds thereof. In the case of the Pledged Stock of any domestic issuer, if any, described in the Guarantee and Collateral Agreement that are
securities represented by stock certificates or otherwise constituting certificated securities within the meaning of Section 8-102(a)(15) of the UCC or the corresponding code or statute of any other applicable jurisdiction
(“Certificated Securities”), when certificates representing such Pledged Stock are delivered to the Administrative Agent, and in the case of the other Collateral constituting personal property described in the Guarantee and
Collateral Agreement, when financing statements and other filings specified on Schedule 4.19(a) in appropriate form are filed in the offices specified on Schedule 4.19(a), the Administrative Agent, for the benefit of the Secured
Parties, shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations, in each case prior and superior in right to any
other Person (except, in the case of Collateral other than Pledged Stock, Liens permitted by Section 7.3). As of the Closing Date, no Loan Party that is a limited liability company or partnership has issued any Capital Stock that is a
not Certificated Security. 
 (b) Any Mortgages delivered after the Closing Date pursuant to Section 6.12 will be, upon
execution, effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, a legal, valid and enforceable Lien on the Mortgaged Properties described therein and proceeds thereof, and when the Mortgages are filed in
the offices for the applicable jurisdictions in which the 

  
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Mortgaged Properties are located, each such Mortgage shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in the Mortgaged
Properties and the proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage), in each case prior and superior in right to any other Person, subject to Liens permitted under Section 7.3 hereof. 

4.20 Solvency ; Fraudulent Transfer. LTX and its consolidated Subsidiaries are, and after giving effect to the Acquisition and the
incurrence of all Indebtedness, Obligations and obligations being incurred in connection herewith and therewith, will be and will continue to be, Solvent. No transfer of property is being made by any Loan Party and no obligation is being incurred by
any Loan Party in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of such Loan Party. 

4.21 Regulation H. No Mortgage encumbers improved real property that is located in an area that has been identified by the Secretary of
Housing and Urban Development as an area having special flood hazards and in which flood insurance has not been made available under the National Flood Insurance Act of 1968, except as would not reasonably be expected to have a Material Adverse
Effect. 
 4.22 Designated Senior Indebtedness. The Loan Documents and all of the Obligations have been deemed “Designated
Senior Indebtedness” or a similar concept thereto, if applicable, for purposes of any other Indebtedness of the Loan Parties. 

4.23 Certain Documents. As of the Closing Date, the Borrower has delivered to the Administrative Agent a complete and correct copy of
the Acquisition Agreement and other Acquisition Documentation reasonably requested by the Administrative Agent, including any amendments, supplements or modifications with respect to any of the foregoing. As of the Closing Date, the Acquisition
Agreement is the valid, binding and enforceable obligation of Loan Parties party thereto. 
 4.24 Insurance. All insurance maintained
by the Loan Parties is in full force and effect, all premiums (other than premiums financed in compliance with Section 7.2) have been duly paid, no Loan Party has received notice of violation or cancellation thereof (except as has been
properly remedied), and there exists no default under any requirement of such insurance. Each Loan Party maintains, with financially sound and reputable insurance companies insurance on all its property (and also with respect to its foreign
receivables) in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are usually insured against in the same general area by companies engaged in the same
or a similar business. 
 4.25 No Casualty. No Loan Party has received any notice of any Casualty Event affecting all or any material
portion of its property. 
 4.26 Patriot Act. Each Loan Party is in compliance, in all material respects, with the (a) Trading
with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and
(b) the Patriot Act or the Bribery Act 2012. No part of the proceeds of the loans made hereunder will be used by any Loan Party or any of their Affiliates, directly or indirectly, for any payments to any governmental official or employee,
political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign
Corrupt Practices Act of 1977, as amended. 
 4.27 OFAC. No Loan Party nor any of its Subsidiaries is in violation of any of the
country or list based economic and trade sanctions administered and enforced by OFAC. No Loan Party nor any of 

  
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its Subsidiaries (a) is a Sanctioned Person or a Sanctioned Entity, (b) has its assets located in Sanctioned Entities, or (c) derives revenues from investments in, or transactions
with Sanctioned Persons or Sanctioned Entities. No proceeds of any Loan made hereunder will be used to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Entity. 

SECTION 5
 CONDITIONS
PRECEDENT 
 5.1 Conditions to Initial Extension of Credit. The effectiveness of this Agreement and the obligation of each Lender
to make its initial extension of credit hereunder shall be subject to the satisfaction, prior to or concurrently with the making of each such extension of credit on the Closing Date, of the following conditions precedent: 

(a) Loan Documents. The Administrative Agent shall have received each of the following, each of which shall be in form and substance
satisfactory to the Administrative Agent: 
 (i) this Agreement, executed and delivered by the Administrative Agent, the Borrower and each
Lender listed on Schedule 1.1A; 
 (ii) the Collateral Information Certificate, executed by a Responsible Officer of the Loan
Parties; 
 (iii) if required by any Term Lender, a Term Loan Note executed by the Borrower in favor of such Term Lender; 

(iv) if required by any Revolving Lender, a Revolving Loan Note executed by the Borrower in favor of such Revolving Lender; 

(v) the Guarantee and Collateral Agreement, executed and delivered by the Borrower; 

(vi) each Intellectual Property Security Agreement, executed by the applicable Grantor related thereto; 

(vii) the SVB Deposit Account Control Agreement, executed by LTX, SVB and the Administrative Agent; 

(viii) the SVB Securities Account Control Agreement, executed by LTX, SVB Securities, the Administrative Agent and Apex Clearing Corporation;

 (ix) the SAM Securities Account Control Agreement, executed by LTX, SVB Asset Management, the Administrative Agent and U.S. Bank
National Association; 
 (x) the Merganser Securities Account Control Agreement, executed by LTX, Merganser Capital Management, Inc. and
the Administrative Agent; 
 (xi) except as otherwise provided in Section 5.3 hereof, each other Security Document, executed and
delivered by the applicable Loan Party party thereto; 

  
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 (xii) the Seller Subordination Agreement, executed by Dover Corporation and the Administrative
Agent, which shall be delivered by Dover Corporation in escrow subject only to the receipt by the sellers of the consideration specified in the Acquisition Agreement; 

(xiii) a completed liquidity report and a calculation of pro forma compliance with the covenant contained in Section 7.1(c)(i)
dated as of the Closing Date; and 
 (xiv) the Flow of Funds Agreement, executed by the Borrower. 

(b) Acquisition, Etc. The following shall have occurred, in each case on terms and conditions reasonably satisfactory to the Lenders:

 (i) the Acquisition shall be, or subject only to the receipt by the sellers of the consideration specified in the Acquisition Agreement
shall be, consummated in accordance with applicable law and the Acquisition Agreement; provided that the documents required under German law and/or the law of the Republic of the Philippines to consummate the Acquisition with respect to the
German assets and entities and/or the Filipino assets and entities to be acquired shall be executed and delivered no later than the date on which the Acquisition is consummated; 

(ii) all conditions to the consummation of the Acquisition set forth in the Acquisition Documentation shall have been, or subject only to the
receipt by the sellers of the consideration specified in the Acquisition Agreement shall be, satisfied or waived; provided that the documents required under German law and/or the law of the Republic of the Philippines to consummate the
Acquisition with respect to the German assets and entities and/or the Filipino assets and entities to be acquired shall be executed and delivered no later than the date on which the Acquisition is consummated; 

(iii) the Administrative Agent shall have received a letter of undertaking and indemnity agreement executed by LTX and the Subsidiaries of
LTX that will receive the proceeds of the Loans in order to pay the consideration specified in the Acquisition Agreement to the sellers, which letter shall be in form and substance satisfactory to the Administrative Agent; 

(iv) the Administrative Agent shall have received a fully executed Acquisition Agreement and the Seller Note, certified in each case by a
Responsible Officer to be a true and complete copy of the Acquisition Agreement and the Seller Note; and 
 (v) The Lenders shall be
satisfied that, as of the Closing Date (after giving effect to the Acquisition), (A) the Loan Parties (including, for the avoidance of doubt, the Acquired Business), on a combined basis, shall have generated trailing twelve month Consolidated
EBITDA of at least $17,500,000, (B) the Borrower, after giving effect to the consummation of the Acquisition and incurrence of the Loans to be made on the Closing Date, and the payment of the purchase price for the Acquisition and the payment
of all costs and expenses in connection therewith, has cash and Cash Equivalents in an aggregate amount of not less than $55,000,000, and (C) the Consolidated Leverage Ratio, on a Pro Forma Basis after giving effect to the consummation of the
Acquisition and the making of the Loans on the Closing Date, shall not exceed 3.00:1.00. 
 (c) Pro Forma Financial Statements; Financial
Statements; Projections. The Administrative Agent shall have received (i) the Pro Forma Financial Statements, (ii) audited consolidated financial statements of LTX and its Subsidiaries as of July 31, 2011, July 31, 2012
and July 31, 2013, and (iii) audited consolidated balance sheets of the Acquired Business as of December 31, 2010, December 31, 2011 and December 31, 2012, the related consolidated audited statements of income and cash
flows of the Acquired Business for each of the years ended December 31, 2012, the unaudited 

  
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consolidated interim balance sheet of Acquired Business as of June 30, 2013, and the related unaudited interim statements of income and cash flows of the Acquired Business for the 6 months
ended June 30, 2013. 
 (d) Approvals. Except for the Governmental Approvals described in Schedule 4.4, all Governmental
Approvals and consents and approvals of, or notices to, any other Person (including the holders of any Capital Stock issued by any Loan Party) required in connection with the Acquisition, the execution and performance of the Loan Documents, and the
consummation of the other transactions contemplated hereby, shall have been obtained and be in full force and effect, and all applicable waiting periods shall have expired without any action being taken or threatened in writing by any competent
authority that would reasonably be expected to restrain, prevent or otherwise impose burdensome conditions on the Acquisition or the financing contemplated hereby. The absence of obtaining the Governmental Approvals described in Schedule 4.4
shall not have a material adverse effect on any rights of the Lenders, the Administrative Agent pursuant to the Loan Documents. 
 (e)
Secretary’s or Managing Member’s Certificates; Certified Operating Documents; Good Standing Certificates. The Administrative Agent shall have received (A) a certificate of each Loan Party, dated the Closing Date and executed by
the Secretary, Managing Member or equivalent officer of such Loan Party, or other officer acceptable to the Administrative Agent, substantially in the form of Exhibit C, with appropriate insertions and attachments, including (i) the
Operating Documents of such Loan Party, (ii) the relevant board resolutions or written consents of such Loan Party adopted by such Loan Party for the purposes of authorizing such Loan Party to enter into and perform the Loan Documents to which
such Loan Party is party and (iii) the names, titles, incumbency and signature specimens of those representatives of such Loan Party who have been authorized by such resolutions and/or written consents to execute Loan Documents on behalf of
such Loan Party; and (B) (i) a long form good standing certificate for each Loan Party certified as of a recent date by the appropriate Governmental Authority of its respective jurisdiction of organization, and (ii) certificates of
qualification as a foreign corporation issued by each jurisdiction in which the failure of the applicable Loan Party to be so qualified would reasonably be expected to result in a Material Adverse Effect. 

(f) Responsible Officer’s Certificates. 

(i) The Administrative Agent shall have received a certificate signed by a Responsible Officer of each Loan Party, dated as of the Closing
Date, in form and substance reasonably satisfactory to it, either (A) attaching copies of all consents, licenses and approvals required in connection with the execution, delivery and performance by such Loan Party and the validity against such
Loan Party of the Loan Documents to which it is party, and such consents, licenses and approvals shall be in full force and effect, or (B) stating that no such consents, licenses or approvals are so required. 

(ii) The Administrative Agent shall have received a certificate signed by a Responsible Officer of LTX, dated as of the Closing Date and in
form and substance reasonably satisfactory to it, certifying (A) that the conditions specified in Sections 5.2(a) and (d) have been satisfied, and (B) that, solely with respect to LTX and its Subsidiaries, there has been
no event or circumstance since July 31, 2012, that has had or that would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 

(g) Patriot Act. The Administrative Agent shall have received, prior to the Closing Date, all documentation and other information
required by Governmental Authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including the Patriot Act. 

  
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 (h) Due Diligence Investigation. The Administrative Agent shall have completed a due
diligence investigation of the Borrower and its Subsidiaries in scope, and with results, satisfactory to the Administrative Agent and shall have been given such access to the management, records, books of account, contracts and properties of the
Borrower and its Subsidiaries and shall have received such financial, business and other information regarding each of the foregoing Persons and businesses as it shall have reasonably requested. 

(i) Reports. The Administrative Agent shall have received, in form and substance satisfactory to it, all environmental reports, asset
appraisals, field audits, and such other reports and certifications, as it has reasonably requested; provided that to the extent any such reports, audits or certifications relate to the Acquired Business, the receipt of such reports, audits
or certifications shall be subject to the limitations, if any, contained in the Acquisition Agreement. 
 (j) Collateral Matters.

 (i) Lien Searches. The Administrative Agent shall have received the results of recent lien searches in each of the jurisdictions
where any of the Loan Parties is formed or organized, and such searches shall reveal no liens on any of the assets of the Loan Parties except for Liens permitted by Section 7.3, or Liens to be discharged on or prior to the Closing Date.

 (ii) Pledged Stock; Stock Powers; Pledged Notes. Subject to the provisions of Section 5.3, the Administrative Agent
shall have received original versions of (A) the certificates representing the shares of Capital Stock pledged to the Administrative Agent (for the ratable benefit of the Secured Parties) pursuant to the Guarantee and Collateral Agreement,
together with an undated stock power for each such certificate executed in blank by a duly authorized officer of the pledgor thereof, and (B) each promissory note (if any) pledged to the Administrative Agent (for the ratable benefit of the
Secured Parties) pursuant to the Guarantee and Collateral Agreement, endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof. 

(iii) Filings, Registrations, Recordings, Agreements, Etc. Subject to the provisions of Section 5.3, each document
(including any UCC financing statements, Intellectual Property Security Agreements, Deposit Account Control Agreements, Securities Account Control Agreements, and landlord access agreements and/or bailee waivers) required by the Loan Documents or
under law or reasonably requested by the Administrative Agent to be filed, executed, registered or recorded to create in favor of the Administrative Agent (for the ratable benefit of the Secured Parties), a perfected Lien on the Collateral described
therein, prior and superior in right and priority to any Lien in the Collateral held by any other Person (other than with respect to Liens expressly permitted by Section 7.3), shall have been executed (if applicable) and delivered to the
Administrative Agent in proper form for filing, registration or recordation. 
 (k) Insurance. The Administrative Agent shall
have received (i) insurance certificates satisfying the requirements of Section 6.6 hereof and Section 5.2(b) of the Guaranty and Collateral Agreement, together with evidence reasonably satisfactory to the Administrative Agent
that the insurance policies of each Loan Party have been endorsed for the purpose of naming the Administrative Agent (for the ratable benefit of the Secured Parties) as an “additional insured” or “lender loss payee”, as
applicable, with respect to such insurance policies, in form and substance satisfactory to the Administrative Agent. 
 (l) Fees. The
Lenders and the Administrative Agent shall have received all fees required to be paid on or prior to the Closing Date (including pursuant to the Fee Letter), and all reasonable and documented fees and expenses for which invoices have been presented
(including the 

  
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reasonable and documented fees and expenses of legal counsel to the Administrative Agent) for payment on or before the Closing Date. All such amounts will be paid on the Closing Date and will be
reflected in the Flow of Funds Agreement. 
 (m) Legal Opinions. Subject to Section 5.3 hereof, the Administrative Agent shall
have received the executed legal opinion of Wilmer Cutler Pickering Hale and Dorr LLP, counsel to the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent. Such legal opinions shall cover such matters incident to
the transactions contemplated by this Agreement and the other Loan Documents as the Administrative Agent may reasonably require. 
 (n)
Borrowing Notices. The Administrative Agent shall have received, in respect of the Term Loan to be made on the Closing Date, a completed Notice of Borrowing executed by the Borrower and otherwise complying with the requirements of
Section 2.2. 
 (o) Solvency Certificate. The Administrative Agent shall have received a Solvency Certificate from the
chief financial officer of the Borrower. 
 (p) No Material Adverse Effect. There shall not have occurred, (i) solely with
respect to LTX and its Subsidiaries, since July 31, 2012, any event or condition that has had or would be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect, and (ii) solely with respect to the
Acquired Business, since June 30, 2013, any event or condition that has had or would be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect (as such term is defined in the Acquisition Agreement). 

(q) No Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to
the knowledge of any Group Member, threatened in writing against any Group Member that would reasonably be expected to have a Material Adverse Effect (other than the matters disclosed on Schedule 4.6) (it being understood and agreed that with
respect to the Acquired Business, only the Specified Representations shall be made on the Closing Date). 
 (r) Consistency. The
final terms and conditions of each aspect of the Transaction shall be (i) as described in the Commitment Letter, and otherwise consistent with the description thereof provided to Administrative Agent in writing or (ii) otherwise reasonably
satisfactory to Administrative Agent and the Lenders. 
 For purposes of determining compliance with the conditions specified in this
Section 5.1, each Lender that has executed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent (or made available) by the Administrative Agent to
such Lender for consent, approval, acceptance or satisfaction, or required thereunder to be consented to or approved by or acceptable or satisfactory to such Lender, unless an officer of the Administrative Agent responsible for the transactions
contemplated by the Loan Documents shall have received notice from such Lender prior to the Closing Date specifying such Lender’s objection thereto and either such objection shall not have been withdrawn by notice to the Administrative Agent to
that effect on or prior to the Closing Date or, if any extension of credit on the Closing Date has been requested, such Lender shall not have made available to the Administrative Agent on or prior to the Closing Date such Lender’s Revolving
Percentage or Term Percentage, as the case may be, of such requested extension of credit. Notwithstanding anything in this Agreement or any other Loan Document to the contrary, to the extent ECT has executed and delivered a Loan Document on the
Closing Date, ECT shall become party to such Loan Document, and such Loan Document shall become effective as to ECT, subject to and only upon consummation of the Acquisition in accordance with Section 5.3(a) below. 

  
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 5.2 Conditions to Each Extension of Credit. The agreement of each Lender to make any
extension of credit requested to be made by it hereunder on any date (including its initial Loans disbursed on the Closing Date but excluding any Revolving Loan Conversion, any conversion of Loans pursuant to Section 2.13(a) and any
continuation of Loans pursuant to Section 2.13(b))) is subject to the satisfaction of the following conditions precedent: 
 (a)
Representations and Warranties. Each of the representations and warranties made by each Loan Party in or pursuant to any Loan Document (i) that is qualified by materiality shall be true and correct, and (ii) that is not qualified by
materiality, shall be true and correct in all material respects, in each case, on and as of such date as if made on and as of such date, except to the extent any such representation and warranty expressly relates to an earlier date, in which case
such representation and warranty shall have been true and correct in all material respects as of such earlier date; provided that it is understood and agreed that the only representations and warranties made with respect to the Acquired
Business on the Closing Date shall be the Specified Representations. 
 (b) Availability. With respect to any requests for any
Revolving Extensions of Credit, after giving effect to such Revolving Extension of Credit, the availability and borrowing limitations specified in Section 2.4 shall be complied with. 

(c) Notices of Borrowing. The Administrative Agent shall have received a Notice of Borrowing in connection with any such request for
extension of credit which complies with the requirements hereof. 
 (d) No Default. No Default or Event of Default shall have
occurred and be continuing as of or on such date or after giving effect to the extensions of credit requested to be made on such date. 

(e) No Material Adverse Effect. No development or event shall have occurred that has had or would reasonably be expected to have a
Material Adverse Effect. 
 Each borrowing by and issuance of a Letter of Credit on behalf of the Borrower hereunder and each Revolving Loan
Conversion (excluding any Revolving Loan Conversion, any conversion of Loans pursuant to Section 2.13(a) and any continuation of Loans pursuant to Section 2.13(b))) shall constitute a representation and warranty by the
Borrower as of the date of such extension of credit or Revolving Loan Conversion, as applicable, that the conditions contained in this Section 5.2 have been satisfied. 

5.3 Post-Closing Conditions Subsequent. Except as otherwise agreement by the Administrative Agent, the Borrower shall satisfy each of
the conditions subsequent to the Closing Date specified in this Section 5.3 to the reasonable satisfaction of the Administrative Agent, in each case by no later than the date specified for such condition below (or such other date as
Administrative Agent shall agree in its sole discretion), and notwithstanding anything to the contrary in this Agreement to the contrary, the failure of the Borrower to deliver such items prior to such date shall not constitute a Default hereunder:

 (a) LTX shall cause the consideration specified in the Acquisition Agreement to be paid in full to the sellers as specified therein by no
later than December 2, 2013, and upon such payment, the Acquisition shall be consummated and ECT shall automatically become a party to the Loan Documents to which it is party and such Loan Documents shall automatically become effective as to
ECT. 

  
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 (b) Within one (1) Business Day after the consummation of the Acquisition, the Borrower
shall cause to be delivered to the Administrative Agent a legal opinion of Wilmer Cutler Pickering Hale and Dorr LLP as to certain matters relating to ECT, in a form agreed between the Administrative Agent and the Borrower on the Closing Date. 

(c) The Borrower shall cause to be delivered to the Administrative Agent by no later than the date occurring forty-five (45) days after
the Closing Date, the Deposit Account Control Agreements (other than the SVB Deposit Account Control Agreement) and the Securities Account Control Agreements (other than the SVB Securities Account Control Agreement and the Merganser Securities
Account Control Agreement), in form and substance reasonably satisfactory to the Administrative Agent; 
 (d) The Borrower shall cause to be
delivered to the Administrative Agent by no later than January 15, 2014, stock certificates and stock powers for each certificated entity whose Equity Interests are pledged pursuant to the Security Documents; and 

(e) The Borrower shall (i) cause each Loan Party to deliver to the Administrative Agent by no later than the date occurring ten
(10) Business Days after the Closing Date, the originally-executed signature pages of such Persons to any of the agreements, opinions and other documents referenced in Section 5.1 (including any such signature pages to this
Agreement and each of the other Loan Documents) in respect of which the Administrative Agent, as an accommodation to the Loan Parties, has agreed to accept copies of such Persons’ signature pages for purposes of the closing of this Agreement
and the other Loan Documents, and (ii) use commercially reasonable efforts to cause any other Persons party to any agreements or other documents referenced in Section 5.1(a), (b), (e), (f), (m) and (o) to deliver to the
Administrative Agent by no later than the date occurring 30 days after the Closing Date the originally-executed signature pages of such Persons to any of the agreements, notice acknowledgments and other documents referenced in
Section 5.1 in respect of which the Administrative Agent, as an accommodation to the Loan Parties, has agreed to accept copies of such Persons’ signature pages for purposes of the closing of this Agreement and the other Loan
Documents. 
 SECTION 6

AFFIRMATIVE COVENANTS 
 The
Borrowers hereby jointly and severally agree that, at all times prior to the Discharge of Obligations, each Borrower shall, and, where applicable, shall cause each of its respective Subsidiaries to: 

6.1 Financial Statements. Furnish to the Administrative Agent, with sufficient copies for distribution to each Lender: 

(a) as soon as available, but in any event within the lesser of (i) five (5) days of filing of any annual report on form 10-K
(taking into account any extension thereof) with the SEC or (ii) five (5) days from the applicable filing due date set by the SEC with respect to the filing of such annual report on form 10-K, a copy of the audited consolidated and
consolidating balance sheet of LTX and its consolidated Subsidiaries as at the end of such fiscal year and the related audited consolidated and consolidating statements of income and of cash flows for such fiscal year, setting forth in each case in
comparative form the figures for the previous year, together with an unqualified opinion of BDO USA, LLP or other independent certified public accountants of nationally recognized standing and reasonably acceptable to the Administrative Agent; 

(b) as soon as available, but in any event within the lesser of (i) five (5) days of filing of any quarterly report on form 10-Q
with the SEC or (ii) five (5) days from the applicable filing due date 

  
 77 

 
set by the SEC with respect to the filing of such quarterly report on form 10-Q (taking into account any extension thereof), the unaudited consolidated and consolidating balance sheet of LTX and
its consolidated Subsidiaries as at the end of such fiscal quarter and the related unaudited consolidated and consolidating statements of income and of cash flows for such fiscal quarter and the portion of the fiscal year through the end of such
fiscal quarter, setting forth in each case in comparative form the figures for the previous year, certified by a Responsible Officer as being fairly stated in all material respects (subject to normal year-end audit adjustments and the absence of
footnotes); 
 (c) as soon as available, but in any event not later than 30 days after the end of each month occurring during each fiscal
year of the Borrower commencing with month end January 31, 2014, (other than the third, sixth, ninth and twelfth months of each fiscal year), the unaudited consolidated and consolidating balance sheet of LTX and its consolidated Subsidiaries as
at the end of such month and the related unaudited consolidated and consolidating statements of income and of cash flows for such month and the portion of the fiscal year through the end of such month, setting forth in each case in comparative form
the figures for the previous year, certified by a Responsible Officer of the Borrower as being fairly stated in all material respects (subject to normal year-end audit adjustments). 

All such financial statements shall be complete and correct in all material respects and shall be prepared in reasonable detail and in
accordance with GAAP applied (except as approved by such accountants or officer, as the case may be, and disclosed in reasonable detail therein, and except for the absence of footnotes and subject to year end adjustments for unaudited financial
statements) consistently throughout the periods reflected therein and with prior periods. 
 Additionally, documents required to be
delivered pursuant to this Section 6.1 and Section 6.2(e) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so, shall be deemed to have been
delivered on the date on which the Borrower posts such documents, or provides a link thereto, either: (i) on the Borrower’s website on the Internet at the website address listed in Section 10.2; or (ii) when such documents
are posted electronically on the Borrower’s behalf on an internet or intranet website to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent), if
any; provided that the Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender upon its request to the Borrower to deliver such paper copies until written request to cease delivering paper copies
is given by the Administrative Agent or such Lender. The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to
monitor compliance by the Borrower with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

6.2 Certificates; Reports; Other Information. Furnish to the Administrative Agent, for distribution to each Lender (or, in the case of
clause (j), to the relevant Lender): 
 (a) [Reserved]; 

(b) concurrently with the delivery of any financial statements pursuant to Section 6.1, (i) a certificate of a Responsible
Officer stating that, to the best of such Responsible Officer’s knowledge, no Default or Event of Default has occurred and is continuing except as specified in such certificate and (ii) in the case of all monthly (unless the last day of
such month is also a quarter end date), quarterly or annual financial statements, (x) a Compliance Certificate containing all information and calculations necessary for determining compliance by each Group Member with the provisions of
Section 7.1 of this Agreement as of the last day of the month, fiscal quarter or fiscal year of the Borrower, as the case may be, and (y) to the extent not previously disclosed to the Administrative Agent, a description of

  
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any change in the jurisdiction of organization of any Loan Party and a list of any federally registered Intellectual Property issued to or acquired by any Loan Party since the date of the most
recent report delivered pursuant to this clause (y) (or, in the case of the first such report so delivered, since the Closing Date); 

(c) as soon as available, and in any event no later than 60 days after the end of each fiscal year of the Borrower, a detailed consolidated
budget for the following fiscal year (including a projected consolidated balance sheet of LTX and its Subsidiaries as of the end of each fiscal quarter of such fiscal year, the related consolidated statements of projected cash flow, projected
changes in financial position and projected income and a description of the underlying assumptions applicable thereto), and, as soon as available, significant revisions, if any, of such budget and projections with respect to such fiscal year
(collectively, the “Projections”), which Projections shall in each case be accompanied by a certificate of a Responsible Officer of the Borrower stating that such Projections are based on good faith estimates and assumptions
believed by the Borrower to be reasonable at the time made, it being recognized by the Agent and Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the period or periods
covered by such financial information may differ from the projected results set forth therein by a material amount; 
 (d) promptly, and in
any event within five (5) Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction)
concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of any Loan Party or any Subsidiary thereof (other than routine comment letters from the staff of the SEC
relating to the Borrower’s filings with the SEC), except where so furnishing the same would violate any applicable law or any policy of the SEC or such other agency; 

(e) within five days after the same are sent, copies of each annual report, proxy or financial statement or other material report that the
Borrower sends to the holders of any class of the Borrower’s debt securities or public equity securities and, within five days after the same are filed, copies of all annual, regular, periodic and special reports and registration statements
which the Borrower may file with the SEC under Section 13 or 15(d) of the Exchange Act, or with any national securities exchange, and not otherwise required to be delivered to the Administrative Agent pursuant hereto; 

(f) upon request by the Administrative Agent, within five days after the same are sent or received, copies of all material correspondence,
reports, documents and other filings with any Governmental Authority regarding the Loan Parties’ compliance with or maintenance of Governmental Approvals or Requirements of Law, in any case that would reasonably be expected to have a Material
Adverse Effect; 
 (g) by no later than 15 days after the end of each month occurring during each fiscal year of the Borrower, and at any
other times reasonably requested by the Administrative Agent, a Liquidity Report. 
 (h) concurrently with the delivery of the financial
statements referred to in Section 6.1(a), a report of a reputable insurance broker with respect to the insurance coverage required to be maintained pursuant to Section 6.6 and the terms of the Guarantee and Collateral
Agreement, together with any supplemental reports with respect thereto which the Administrative Agent may reasonably request. 

  
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 (i) promptly, copies of any amendment, supplement, waiver or other modification with respect to
the Acquisition Agreement and the Seller Note; 
 (j) promptly, such additional financial and other information as the Administrative Agent
or any Lender may from time to time reasonably request. 
 6.3 Reserved. 

6.4 Payment of Taxes. 

(a) Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all material Taxes imposed
by law on an applicable Loan Party of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on
the books of the relevant Group Member. 
 (b) File or cause to be filed all Federal income and all other material state and other material
tax returns that are required to be filed, taking into account any applicable extensions and waivers. 
 6.5 Maintenance of Existence;
Compliance. (a) (i) Preserve, renew and keep in full force and effect its organizational existence and (ii) take all reasonable action to maintain or obtain all Governmental Approvals and all other rights, privileges and franchises
necessary or desirable in the normal conduct of its business, except, in each case, as otherwise permitted by Section 7.4 and except, in the case of clause (ii) above, to the extent that failure to do so would not reasonably be
expected to have a Material Adverse Effect; (b) comply with all Contractual Obligations (including with respect to leasehold interests of the Borrower) and Requirements of Law except to the extent that failure to comply therewith would not, in
the aggregate, reasonably be expected to have a Material Adverse Effect; (c) comply with all Governmental Approvals, and any term, condition, rule, filing or fee obligation, or other requirement related thereto, except to the extent that
failure to do so would not reasonably be expected to have a Material Adverse Effect; and (d) use commercially reasonable efforts to obtain the Governmental Approvals described in Schedule 4.5 within ninety (90) days after the
Closing Date. Without limiting the generality of the foregoing, the Borrower shall, and shall cause each of its respective ERISA Affiliates to: (1) maintain each Pension Plan in compliance in all material respects with the applicable provisions
of ERISA, the Code or other Federal or state law; (2) cause each Pension Plan to maintain its qualified status under Section 401(a) of the Code; (3) make all required contributions to any Pension Plan; (4) not become a party to
any Multiemployer Plan; (5) ensure that all liabilities under each Pension Plan are either (x) funded to at least the minimum level required by law or, if higher, to the level required by the terms governing such Pension Plan;
(y) insured with a reputable insurance company; or (z) provided for or recognized in the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto; and (6) ensure that the contributions
or premium payments to or in respect of each Pension Plan are and continue to be promptly paid at no less than the rates required under the rules of such Pension Plan and in accordance with the most recent actuarial advice received in relation to
such Pension Plan and applicable law. 
 6.6 Maintenance of Property; Insurance. (a) Keep all property useful and necessary in
its business in good working order and condition, ordinary wear and tear excepted and (b) maintain with financially sound and reputable insurance companies insurance on all its property in at least such amounts and against at least such risks
(but including in any event public liability, product liability and business interruption) as are usually insured against in the same general area by companies engaged in the same or a similar business. 

  
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 6.7 Inspection of Property; Books and Records; Discussions. (a) Keep proper books of
records and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its business and activities and (b) permit representatives and
independent contractors of the Administrative Agent to visit and inspect any of its properties and examine and make abstracts from any of its books and records at any reasonable time and as often as may reasonably be desired and to discuss the
business, operations, properties and financial and other condition of the Group Members with officers, directors and employees of the Group Members and with their independent certified public accountants; provided that such inspections shall
not be undertaken more frequently than once per year, unless an Event of Default has occurred and is continuing, in which case such inspections and audits shall occur as often as the Administrative Agent shall reasonably determine is necessary. 

6.8 Notices. Give prompt written notice to the Administrative Agent of: 

(a) the occurrence of any Default or Event of Default; 

(b) any (i) default or event of default under any Contractual Obligation of any Group Member that could reasonably be expected to have a
Material Adverse Effect; and (ii) litigation, investigation or proceeding that may exist at any time between any Group Member and any Governmental Authority that could reasonably be expected to have a Material Adverse Effect; 

(c) any litigation or proceeding by or before any Governmental Authority affecting any Group Member (i) in which the amount involved is
$1,000,000 or more and not covered by insurance, (ii) in which injunctive or similar relief is sought against any Group Member, or (iii) which relates to any Loan Document; 

(d) (i) promptly after the Borrower has knowledge or becomes aware of the occurrence of any of the following events affecting any Loan Party
or any of its respective ERISA Affiliates (but in no event more than ten days after Borrower acquires such knowledge), the occurrence of any of the following events, and shall provide the Administrative Agent with a copy of any notice prepared by it
or any Loan Party with respect to such event that may be required to be filed with a Governmental Authority and any notice delivered by a Governmental Authority to the Borrower or any of its respective ERISA Affiliates with respect to such event, if
such event would reasonably be expected to result in liability in excess of $1,000,000 of any Loan Party or any of their respective ERISA Affiliates: (A) an ERISA Event, (B) the adoption of any new Pension Plan by the Borrower or any ERISA
Affiliate, (C) the adoption of any amendment to a Pension Plan, if such amendment will result in a material increase in benefits or unfunded benefit liabilities (as defined in Section 4001(a)(18) of ERISA), or (D) the commencement of
contributions by the Borrower or any ERISA Affiliate to any Pension Plan that is subject to Title IV of ERISA or Section 412 of the Code; and 

(ii) upon the reasonable request of the Administrative Agent after the giving, sending or filing thereof, or the receipt thereof, copies of
each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by Loan Party or any of its respective ERISA Affiliates with the IRS with respect to each Pension Plan; and 

(iii) promptly after the receipt thereof by any Loan Party or any of its respective ERISA Affiliates, all notices from a Multiemployer Plan
sponsor concerning an ERISA Event that would reasonably be expected to result in a liability in excess of $1,000,000 of any Loan Party or any of its respective ERISA Affiliates; 

  
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 (e) (i) any Asset Sale undertaken by any Group Member, (ii) any issuance by any Group Member
of any Capital Stock, (iii) any incurrence by any Group Member of any Indebtedness (other than Indebtedness constituting Loans) in a principal amount equaling or exceeding $500,000, and (iv) with respect to any such Asset Sale, issuance of
Capital Stock or incurrence of Indebtedness, the amount of any Net Cash Proceeds received by such Group Member in connection therewith; 

(f) any material change in accounting policies or financial reporting practices by any Loan Party, which notice requirement shall be deemed
satisfied by any description of such change included in any Form 10-K, Form 10-Q or Form 8-K filed by the Borrower with the SEC; and 
 (g)
any development or event that has had or would reasonably be expected to have a Material Adverse Effect. 
 Each notice pursuant to this
Section 6.8 shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence referred to therein and stating what action the relevant Group Member proposes to take with respect thereto.

 6.9 Environmental Laws. 

(a) Comply in all material respects with, and ensure compliance in all material respects by all tenants and subtenants, if any, with, all
applicable Environmental Laws, and obtain and comply in all material respects with and maintain, and ensure that all tenants and subtenants obtain and comply in all material respects with and maintain, any and all licenses, approvals, notifications,
registrations or permits required by applicable Environmental Laws, in each case, except as would not reasonably be expected to have a Material Adverse Effect. 

(b) Conduct and complete all investigations, studies, sampling and testing, and all remedial, removal and other actions required under
Environmental Laws and promptly comply in all material respects with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws, in each case, except as would not reasonably be expected to have a Material Adverse
Effect. 
 6.10 Operating Accounts. Except as agreed in writing by the Agent, maintain the Loan Parties’ primary U.S. depository
and operating accounts and securities accounts (other than those set forth in Schedule 6.10 hereto) with SVB or with SVB’s Affiliates; provided that the Loan Parties shall have 180 days (or such long period as agreed by the Agent in its
sole discretion) following the Closing Date to transition such primary depository and operating accounts to SVB or SVB’s Affiliates. 

6.11 Audits. At reasonable times but no more than once a year, if requested by the Agent in its discretion, on five (5) Business
Day’s prior notice (provided that no notice shall be required and the annual limitation shall not apply if an Event of Default has occurred and is continuing), the Administrative Agent, or its agents, shall have the right to inspect the
Collateral and the right to audit and copy any and all of any Loan Party’s books and records including ledgers, records regarding assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or
storage or any equipment containing such information. The foregoing inspections and audits shall be at the Borrower’s expense. 

6.12 Additional Collateral, Etc. 

(a) With respect to any property (to the extent included in the definition of Collateral and not constituting Excluded Assets) acquired after
the Closing Date by any Loan Party (other than (x)

  
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any property described in paragraph (b), (c) or (d) below, and (y) any property subject to a Lien expressly permitted by Section 7.3(g)) as to which the Administrative
Agent, for the ratable benefit of the Secured Parties, does not and shall not have a perfected Lien, promptly (and in any event within ten (10) Business Days, or such longer period as the Administrative Agent may agree) (i) execute and
deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative Agent may reasonably deem necessary or advisable to evidence that such Loan Party is a Guarantor and to grant
to the Administrative Agent, for the ratable benefit of the Secured Parties, a security interest in such property and (ii) take all actions necessary or advisable in the opinion of the Administrative Agent to grant to the Administrative Agent,
for the ratable benefit of the Secured Parties, a perfected first priority (subject only to Liens expressly permitted by Section 7.3) security interest and Lien in such property, including the filing of Uniform Commercial Code financing
statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be reasonably requested by the Administrative Agent. 

(b) With respect to any fee interest in any real property having a value (together with improvements thereof) of at least $5,000,000 acquired
after the Closing Date by any Loan Party (other than any such real property subject to a Lien expressly permitted by Section 7.3(g)), promptly, to the extent requested by the Administrative Agent, (i) execute and deliver a first
priority Mortgage, in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, covering such real property, (ii) if requested by the Administrative Agent, provide the Lenders with (x) title and extended coverage
insurance covering such real property in an amount at least equal to the purchase price of such real property (or such other amount as shall be reasonably specified by the Administrative Agent) as well as a current ALTA survey thereof, together with
a surveyor’s certificate, and (y) any consents or estoppels reasonably deemed necessary or advisable by the Administrative Agent in connection with such Mortgage, each of the foregoing in form and substance reasonably satisfactory to the
Administrative Agent and (iii) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably
satisfactory to the Administrative Agent. 
 (c) With respect to any new direct Subsidiary (other than an Excluded Foreign Subsidiary)
created or acquired after the Closing Date by any Loan Party (including pursuant to a Permitted Acquisition), promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement as the
Administrative Agent deems necessary or advisable to grant to the Administrative Agent, for the ratable benefit of the Secured Parties, a perfected first priority security interest and Lien in the Capital Stock of such new Subsidiary that is owned
directly by such Loan Party, (ii) deliver to the Administrative Agent such documents and instruments as may be reasonably required to grant, perfect, protect and ensure the priority of such security interest, including but not limited to, the
certificates representing such Capital Stock, if any, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant Loan Party, (iii) to the extent such new direct Subsidiary (other than an
Excluded Foreign Subsidiary) is a Material Subsidiary, cause such new Subsidiary (A) to become a party to the Guarantee and Collateral Agreement, (B) to take such actions as are necessary or advisable in the opinion of the Administrative
Agent to grant to the Administrative Agent for the ratable benefit of the Secured Parties a perfected first priority security interest and Lien in the Collateral (other than Excluded Assets and any interests in Excluded Foreign Subsidiaries, Liens
on which shall be granted as set forth pursuant to clause (d) below, if applicable) described in the Guarantee and Collateral Agreement, with respect to such Subsidiary, including the filing of Uniform Commercial Code financing statements in
such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be reasonably requested by the Administrative Agent and (C) to deliver to the Administrative Agent a certificate of such Subsidiary, in a form
reasonably satisfactory to the Administrative Agent, with appropriate insertions and attachments, and (iv) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above,
which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. 

  
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 (d) With respect to any new Excluded Foreign Subsidiary created or acquired after the Closing
Date and directly owned by any Loan Party (i) the applicable Loan Parties shall promptly execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement, as the Administrative Agent deems necessary or
advisable to grant to the Administrative Agent, for the ratable benefit of the Secured Parties, a perfected first priority security interest and Lien in the Capital Stock of such new Excluded Foreign Subsidiary that is directly owned by any such
Loan Party (provided that in no event shall more than 66% of the total outstanding voting Capital Stock of any such Excluded Foreign Subsidiary be required to be so pledged), (ii) at the request of the Administrative Agent, deliver to
the Administrative Agent the certificates representing such Capital Stock, if any, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant Loan Party, and (iii) if such Excluded Foreign
Subsidiary is a Material Subsidiary, take such other action (including, as applicable, the delivery of any Foreign Pledge Documents reasonably requested by the Administrative Agent) as may be necessary or, in the opinion of the Administrative Agent,
desirable to perfect the Administrative Agent’s security interest therein, including, if reasonably requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to such security interest, which opinions
shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. 
 (e) Each Loan Party shall use
commercially reasonable efforts to obtain a landlord’s agreement or bailee letter, as applicable, from the lessor of its headquarters location and from the lessor of or the bailee related to any other location in the United States where in
excess of $500,000 of Collateral is stored or located, which agreement or letter, in any such case, shall be reasonably satisfactory in form and substance to the Administrative Agent. 

6.13 Reserved. 
 6.14
Insider Subordinated Indebtedness. Cause any Insider Indebtedness owing by any Loan Party to become Insider Subordinated Indebtedness (a) on or prior to the Closing Date, in respect of any such Insider Indebtedness in existence as of the
Closing Date or (b) contemporaneously with or promptly following the incurrence thereof, in respect of any such Insider Indebtedness incurred at any time after the Closing Date. 

6.15 Acquisition. Cause the Acquisition to be consummated in all material respects in accordance with applicable law, the Acquisition
Agreement and the Loan Documents. 
 6.16 Use of Proceeds. Use the proceeds of each credit extension only for the purposes specified
in Section 4.16. 
 6.17 Designated Senior Indebtedness. Cause the Loan Documents and all of the Obligations (other than
any such Obligations arising in connection with Bank Services) to be deemed “Designated Senior Indebtedness” or a similar concept thereto, if applicable, for purposes of any other Indebtedness of the Loan Parties. 

6.18 Further Assurances. Execute any further instruments and take such further action as the Administrative Agent reasonably deems
necessary to perfect, protect, ensure the priority of or continue the Administrative Agent’s Lien on the Collateral or to effect the purposes of this Agreement. 

  
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 SECTION 7

NEGATIVE COVENANTS 
 The
Borrowers hereby jointly and severally agree that, at all times prior to the Discharge of Obligations, neither the Borrower shall, nor shall the Borrower permit any of its respective Subsidiaries to, directly or indirectly: 

7.1 Financial Condition Covenants. 

(a) Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio as at the last day of any period of
four consecutive fiscal quarters of the Borrower to be less than 1.50:1.00. 
 (b) Consolidated Leverage Ratio. Permit the
Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower ending with any quarter set forth below to exceed the ratio set forth below opposite such date: 

 

			
	 Testing Date
	  	 Consolidated Leverage Ratio

	 January 31, 2014
	  	3.00:1.00
	 April 30, 2014
	  	3.00:1.00
	 July 31, 2014
	  	2.50:1.00
	 October 31, 2014
	  	2.50:1.00
	 January 31, 2015 and the last day of each fiscal quarter thereafter
	  	2.00:1.00

 (c) Minimum Liquidity. 

(i) On a quarterly basis as tested on the last day of each fiscal quarter, permit the ratio of (A) Liquidity to (B) the outstanding
principal balance of the Loans and outstanding Letters of Credit hereunder to be less than (x) 1.00:1.00 when the Consolidated Leverage Ratio is greater than 2.00:1.00, (y) 0.75:1.00 after the Consolidated Leverage Ratio has been less than
2.00:1.00 for two (2) consecutive fiscal quarters, and (z) 0.50:1.00 after the Consolidated Leverage Ratio has been less than 1.50:1.00 for two (2) consecutive fiscal quarters; provided that the Borrowers shall not be required
to comply with this Section 7.1(c)(i) at any time after the Consolidated Leverage Ratio has been less than 1.00:1.00 for two (2) consecutive fiscal quarters. 

(ii) Permit at any time the ratio of (A) Liquidity plus 60% of Domestic Accounts Receivable to (ii) the outstanding principal
balance of the Loans and Letters of Credit hereunder, as tested monthly on the last day of each month (unless such month is a quarter end date for which the ratio set forth in Section 7.1(c)(i) above is to be tested) to be less than
(x) 1.00:1.00 when the Consolidated Leverage Ratio for the most recently completed fiscal quarter is greater than 2.00:1.00, (y) 0.75:1.00 after the Consolidated Leverage Ratio has been less than 2.00:1.00 for two (2) consecutive
fiscal quarters, and (z) 0.50:1.00 after the Consolidated Leverage Ratio has been less than 1.50:1.00 for two (2) consecutive fiscal quarters; provided that the Borrowers shall not be required to comply with this
Section 7.1(c)(ii) at any time after the Consolidated Leverage Ratio has been less than 1.00:1.00 for two (2) consecutive quarters. 

7.2 Indebtedness. Create, issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness, except: 

(a) Indebtedness of any Loan Party pursuant to any Loan Document; 

  
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 (b) Indebtedness of (i) any Loan Party owing to any other Loan Party, (ii) any Loan
Party to any Group Member; (iii) any Group Member (which is not a Loan Party) to any other Group Member (which is not a Loan Party); and (iv) any Group Member to any Loan Party to the extent such Indebtedness is permitted under
Section 7.8(f)(ii) hereof; 
 (c) Guarantee Obligations (i) of any Loan Party of the Indebtedness of any other Loan Party;
(ii) of any Group Member (which is not a Loan Party) of the Indebtedness of any Loan Party, (iii) by any Group Member (which is not a Loan Party) of the Indebtedness of any other Group Member (which is not a Loan Party); and (iv) of
any Loan Party of the Indebtedness of any Group Member permitted under Section 7.2(b)(iv) hereof, provided that, in any case (i), (ii), (iii) or (iv), the Indebtedness so guaranteed is otherwise permitted by the terms hereof; 

(d) Indebtedness outstanding on the date hereof and listed on Schedule 7.2(d) and any Permitted Refinancing Indebtedness in respect
thereof; 
 (e) Indebtedness (including, without limitation, Capital Lease Obligations) secured by Liens permitted by
Section 7.3(g) in an aggregate principal amount not to exceed $5,000,000 at any one time outstanding and any Permitted Refinancing Indebtedness in respect thereof); 

(f) Surety Indebtedness and any other Indebtedness in respect of letters of credit, bank guarantees, banker’s acceptances or similar
arrangements, provided that the aggregate amount of any such Indebtedness outstanding at any time shall not exceed $5,000,000; 
 (g)
unsecured Indebtedness of the Loan Parties and their respective Subsidiaries in an aggregate principal amount, for all such Indebtedness taken together, not to exceed $5,000,000 at any one time outstanding; 

(h) obligations (contingent or otherwise) of the of the Loan Parties and their respective Subsidiaries existing or arising under any Specified
Swap Agreement, provided that such obligations are (or were) entered into by such Person in accordance with Section 7.13 and not for purposes of speculation; 

(i) Indebtedness of a Person (other than a Loan Party or one of their respective Subsidiaries which constituted a Subsidiary prior to the
consummation of the applicable merger referenced below) existing at the time such Person is merged with or into a Loan Party or a Subsidiary or becomes a Subsidiary; provided that (i) such Indebtedness was not, in any case, incurred by
such other Person in connection with, or in contemplation of, such merger or acquisition, (ii) such merger or acquisition constitutes a Permitted Acquisition, and (iii) with respect to any such Person who becomes a Subsidiary,
(A) such Subsidiary is the only obligor in respect of such Indebtedness, and (B) to the extent such Indebtedness is permitted to be secured hereunder, only the assets of such Subsidiary secure such Indebtedness; 

(j) Indebtedness under the Seller Note, and Permitted Refinancing Indebtedness in respect thereof, provided that such Indebtedness is
at all times subject to the terms of the Seller Subordination Agreement, or another subordination agreement reasonably acceptable to the Administrative Agent; 

(k) Indebtedness in connection with a Permitted Acquisition in an amount not to exceed $5,000,000 in the aggregate, provided that in each
case, (A) no Default or Event of Default has 

  
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occurred and is continuing both immediately before and immediately after giving effect to the incurrence of such Indebtedness, and (B) at the time of incurrence thereof, the Loan Parties
shall be in pro forma compliance with the financial covenants set forth in this Agreement as of the last day of the most recently ended Fiscal Quarter, it being understood that such covenants shall be determined on a Pro Forma Basis after giving
effect to the incurrence of such Indebtedness; 
 (l) Purchase price adjustments, escrows, indemnification payments, deferred compensation
and earn out payments required under the Acquisition Documents to the extent permitted by Section7.6 hereof; 
 (m) Long term purchase
obligations; 
 (n) Indebtedness constituting severance obligations; and 

(o) Indebtedness incurred in connection with the financing of insurance premiums. 

7.3 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, whether now owned or hereafter acquired, except:

 (a) Liens for Taxes not yet due or that are being contested in good faith by appropriate proceedings; provided that adequate
reserves with respect thereto are maintained on the books of the applicable Group Member in conformity with GAAP; 
 (b) carriers’,
warehousemen’s, landlord’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business that are not overdue for a period of more than 30 days or that are being contested in good
faith by appropriate proceedings; 
 (c) pledges or deposits in connection with workers’ compensation, unemployment insurance and other
social security legislation; 
 (d) deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business (other than for indebtedness or any Liens arising under ERISA); 

(e) easements, rights-of-way, restrictions and other similar encumbrances incurred in the ordinary course of business that, in the aggregate,
are not substantial in amount and that do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Group Member; 

(f) Liens in existence on the date hereof listed on Schedule 7.3(f); provided that (i) no such Lien is spread to cover any
additional property after the Closing Date, (ii) the amount of Indebtedness secured or benefitted thereby is not increased, and (iii) any renewal or extension of the obligations secured thereby is permitted by Section 7.2(d);

 (g) Liens securing Indebtedness incurred (x) pursuant to Section 7.2(e) to finance the acquisition of fixed or capital
assets or to finance owned real estate or (y) pursuant to Section 7.2(f); provided that (i) such Liens with respect to Section 7.2(e) (A) shall be created substantially simultaneously with the acquisition of
such fixed or capital assets, and (B) shall not at any time encumber any property other than the property financed by such Indebtedness, related property and proceeds thereof, and (ii) the aggregate principal amount of the Indebtedness
secured by any Lien permitted under this clause (g) shall not exceed $7,500,000 at any time outstanding; 

  
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 (h) Liens created pursuant to the Security Documents; 

(i) any interest or title of a lessor or licensor under any lease or license entered into by a Group Member in the ordinary course of its
business and covering only the assets so leased or licensed, related property and proceeds thereof; 
 (j) judgment Liens that do not
constitute a Default or an Event of Default under Section 8.1(h) of this Agreement; 
 (k) bankers’ Liens, rights of setoff
and other similar Liens existing solely with respect to cash, Cash Equivalents, securities, commodities and other funds on deposit in one or more accounts maintained by a Group Member, in each case arising in the ordinary course of business in favor
of banks, custodians, other depositary institutions, securities or commodities intermediaries or brokerages with which such accounts are maintained securing amounts owing to such banks or financial institutions with respect to cash management and
operating account management or are arising under Section 4-208 or 4-210 of the UCC on items in the course of collection; 
 (l) (i)
cash deposits and liens on cash and Cash Equivalents pledged to secure Indebtedness permitted under Section 7.2(f), (ii) Liens securing reimbursement obligations with respect to letters of credit permitted by
Section 7.2(f) that encumber documents and other property relating to such letters of credit, and (iii) Liens securing Obligations under any Specified Swap Agreements permitted by Section 7.2(h); 

(m) Liens on property of a Person existing at the time such Person is acquired by, merged into or consolidated with a Loan Party or becomes a
Subsidiary of a Loan Party or acquired by a Loan Party; provided that (i) such Liens were not created in contemplation of such acquisition, merger, consolidation or Investment, (ii) such Liens do not extend to any assets other than
those of such Person, and (iii) the applicable Indebtedness secured by such Lien is permitted under Section 7.2; 
 (n) the
replacement, extension or renewal of any Lien permitted by clause (m) above upon or in the same property theretofore subject thereto or the replacement, extension or renewal (without increase in the amount or change in any direct or contingent
obligor) of the Indebtedness secured thereby; 
 (o) Liens securing Indebtedness permitted under Section 7.2(j) hereof, and Permitted
Refinancing Indebtedness in respect thereof; provided that such Liens are at all times subject to the terms of the Seller Subordination Agreement or any subordination agreement reasonably acceptable to the Administrative Agent; and 

(p) Liens not otherwise permitted by this Section so long as neither (i) the aggregate outstanding principal amount of the
obligations secured thereby nor (ii) the aggregate fair market value (determined as of the date such Lien is incurred) of the assets subject thereto exceeds (as to all Group Members) $1,000,000 at any one time. 

7.4 Fundamental Changes. Enter into any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any
liquidation or dissolution), or Dispose of all or substantially all of its property or business, except that: 
 (a) any Subsidiary of a
Loan Party may be merged or consolidated with or into a Loan Party (provided that such Loan Party shall be the continuing or surviving Person); 

  
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 (b) any Subsidiary of the Borrower may Dispose of any or all of its assets (i) pursuant to
any liquidation or other transaction that results in the assets of such Subsidiary being transferred to the Borrower or any other Loan Party, or from any Group Member that is not a Loan Party to any other Group Member, or (ii) pursuant to a
Disposition permitted by Section 7.5; 
 (c) any Investment expressly permitted by Section 7.8 may be structured as
a merger, consolidation, or amalgamation; 
 (d) any Group Member (other than a Loan Party) may be liquidated, wound up or dissolved (and to
the extent that any such liquidation, winding up or dissolution results in the assets of such Group Member being transferred, such assets are transferred to another Group Member), unless such liquidation, winding up or dissolution would reasonably
be expected to result in a Material Adverse Effect; 
 (e) any Group Member which is not a Loan Party may be merged or consolidated with or
into, or transfer assets to another Group Member; and 
 (f) any Group Member may merge or consolidate with any other Person pursuant to a
Permitted Acquisition so long as the surviving entity is a Subsidiary of the Borrower (and if such Group Member was a Loan Party, the surviving entity is a Loan Party). 

7.5 Disposition of Property. Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary
of LTX, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except: 
 (a) Dispositions of surplus, obsolete or
worn out property or property that is no longer used in the business of the Borrower or such Subsidiary in the ordinary course of business; 

(b) Dispositions of Inventory in the ordinary course of business; 

(c) Dispositions permitted by clause (i) of Section 7.4(b); 

(d) the sale or issuance of the Capital Stock of any Subsidiary of the Borrower (i) to the Borrower or any other Loan Party, or
(ii) in connection with any transaction that does not result in a Change of Control; 
 (e) the use or transfer of money, cash or Cash
Equivalents in a manner that is not prohibited by the terms of this Agreement or the other Loan Documents; 
 (f) the non-exclusive
licensing of patents, trademarks, copyrights, and other Intellectual Property rights in the ordinary course of business; 
 (g) the
Disposition of property (i) by any Loan Party to any other Loan Party, (ii) by any Group Member (which is not a Loan Party) to any other Group Member, and (iii) from any Loan Party to any Subsidiary that is not a Guarantor, in
the aggregate not to exceed, together with any Investments permitted pursuant to Section 7.8(f)(ii) hereof, five percent (5%) of the Borrower’s consolidated total assets determined in accordance with GAAP (measured at the time of any
such Disposition); 

  
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 (h) Dispositions of property subject to a Casualty Event; 

(i) leases or subleases of Real Property; 

(j) the sale or discount without recourse of accounts receivable arising in the ordinary course of business in connection with the compromise
or collection thereof; provided that any such sale or discount is undertaken in accordance with Section 6.3(b); 
 (k)
any abandonment, cancellation, non-renewal or discontinuance of use or maintenance of Intellectual Property (or rights relating thereto) of any Group Member that the Borrower determines in good faith is desirable in the conduct of its business and
not materially disadvantageous to the interests of the Lenders; 
 (l) Dispositions of other property having a fair market value not to
exceed $1,000,000 in the aggregate for any fiscal year of the Borrower, provided that at the time of any such Disposition, no Event of Default shall have occurred and be continuing or would result from such Disposition; and provided
further that the Net Cash Proceeds thereof are used to prepay the Term Loans in accordance with Section 2.12(e); 
 (m)
Dispositions of property acquired after the date hereof in connection with Permitted Acquisitions or the Acquisition in an amount not to exceed $1,000,000 in the aggregate; provided that (i) the Borrower identifies any such property to be
Disposed of in reasonable detail in writing to the Agent not later than three (3) Business Days prior to the consummation of any such acquisition and (ii) such property will be Disposed of for fair market value (as reasonably determined by
the board of directors of the Borrower); and 
 (n) payments permitted under Section 7.6, Investments permitted under
Section 7.7, and Liens permitted under Section 7.3. 
 provided, however, that any
Disposition made pursuant to this Section 7.5 (other than under clauses (a), (h) and (k) shall be made in good faith on an arm’s length basis for fair value. 

7.6 Restricted Payments. Make any payment or prepayment of principal of, premium, if any, or interest on, or redemption, purchase,
retirement, defeasance (including in-substance or legal defeasance), sinking fund or similar payment with respect to, any Subordinated Indebtedness (except in accordance with the applicable subordination agreement) or earn-out obligations, deferred
payments, holdbacks or similar deferred consideration in connection with a Permitted Acquisition, or declare or pay any dividend (other than dividends payable solely in common stock of the Person making such dividend) on, or make any payment on
account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement or other acquisition of, any Capital Stock of any Group Member, whether now or hereafter outstanding, or make any other
distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of any Group Member (collectively, “Restricted Payments”), except that, so long as no Event of Default shall have
occurred and be continuing at the time of any action described below or would result therefrom: 
 (a) any Group Member may (i) make
Restricted Payments to any Loan Party; (ii) declare and make dividends which are payable solely in the common Capital Stock of such Group Member; and (iii) make Investments permitted under Section 7.8 and dispositions permitted under
Section 7.5; 

  
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 (b) each Loan Party may purchase common Capital Stock or common Capital Stock options from
present or former officers or employees of any Group Member upon the death, disability or termination of employment of such officer or employee; provided that no Default or Event of Default then exists or would result therefrom and the
aggregate amount of payments made under this clause (b) shall not exceed $500,000 during any fiscal year of the Borrower; 
 (c) each
Group Member may purchase, redeem or otherwise acquire Capital Stock issued by it with the proceeds received from the substantially concurrent issue of new shares of its common Capital Stock; provided that any such issuance is otherwise
permitted hereunder (including by Section 7.5(d)); 
 (d) (i) each Group Member may make repurchases of Capital Stock deemed to
occur upon exercise of stock options or warrants if such repurchased Capital Stock represents a portion of the exercise price of such options or warrants, and (ii) repurchases of Capital Stock deemed to occur upon the withholding of a portion
of the Capital Stock granted or awarded to a current or former officer, director, employee or consultant to pay for the taxes payable by such Person upon such grant or award (or upon vesting thereof); 

(e) the Borrower may make Restricted Payments under the Seller Note (and any Permitted Refinancing Indebtedness in respect thereof) to the
extent permitted by the Seller Subordination Agreement; and 
 (f) the Borrower may make Restricted Payments to repurchase its Capital Stock
under the Borrower’s stock repurchase plan existing on the Closing Date in an aggregate amount not to exceed $6,000,000, provided that, after giving pro forma effect to any such Restricted Payment, the Consolidated Leverage Ratio for the
immediately preceding four fiscal quarters is at least 0.25x lower than the maximum permitted ratio under Section 7.1(b). 
 (g)
the Borrower and its Subsidiaries may make Restricted Payments not otherwise permitted by one of the foregoing clauses of this Section 7.6; provided that the aggregate amount of all such Restricted Payments made pursuant to this
clause (f) shall not exceed $500,000. 
 7.7 Reserved. 

7.8 Investments. Make any advance, loan, extension of credit (by way of guarantee or otherwise) or capital contribution to, or purchase
any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business unit of, or make any other investment in, any Person (all of the foregoing, “Investments”), except: 

(a) extensions of trade credit in the ordinary course of business; 

(b) Investments in cash and Cash Equivalents; 

(c) Guarantee Obligations permitted by Section 7.2; 

(d) loans and advances to employees of any Group Member in the ordinary course of business (including for travel, entertainment and relocation
expenses) in an aggregate amount for all Group Members not to exceed $1,000,000 at any one time outstanding; 
 (e) the Acquisition; 

  
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 (f) intercompany Investments by (i) any Group Member in the Borrower or any Person that,
prior to such investment, is a Loan Party or (ii) any Loan Party to any Subsidiary that is not a Loan Party; provided that the aggregate amount of all such Investments made pursuant to this clause (ii) in any fiscal year of the
Borrower shall not to exceed, together with any Dispositions permitted pursuant to Section 7.5(g)(iii) hereof, an amount equal to five percent (5%) of the Borrower’s consolidated total assets determined in accordance with GAAP
(measured at the time of any such Investment); 
 (g) Investments in the ordinary course of business consisting of endorsements of
negotiable instruments for collection or deposit; 
 (h) Transfer pricing arrangements consistent with current practices and on commercially
reasonable terms; 
 (i) Investments received in settlement of amounts due to any Group Member effected in the ordinary course of business
or owing to such Group Member as a result of Insolvency Proceedings involving an Account Debtor or upon the foreclosure or enforcement of any Lien in favor of such Group Member; 

(j) (i) Investments constituting Permitted Acquisitions, and (ii) Investments held by any Person as of the date such Person is acquired
in connection with a Permitted Acquisition, provided that (A) such Investments were not made, in any case, by such Person in connection with, or in contemplation of, such Permitted Acquisition, and (B) with respect to any such
Person which becomes a Subsidiary as a result of such Permitted Acquisition, such Subsidiary remains the only holder of such Investment; 

(k) in addition to Investments otherwise expressly permitted by this Section, Investments by the Group Members the aggregate amount of all of
which Investments (valued at cost) does exceed $1,000,000 during any fiscal year of the Borrower; 
 (l) deposits made to secure the
performance of leases, licenses or contracts in the ordinary course of business, and other deposits made in connection with the incurrence of Liens permitted under Section 7.3; 

(m) the licensing or contribution of Intellectual Property pursuant to joint marketing arrangements with other Persons in the ordinary course
of business; 
 (n) promissory notes and other non-cash consideration received in connection with Dispositions permitted by
Section 7.5, to the extent not exceeding the limits specified therein with respect to the receipt of non-cash consideration in connection with such Dispositions; 

(o) purchases or other acquisitions (other than the Acquisition) by any Group Member of the Capital Stock in a Person that, upon the
consummation thereof, will be a Subsidiary (including as a result of a merger or consolidation) or all or substantially all of the assets of, or assets constituting one or more business units of, any Person (each, a “Permitted
Acquisition”); provided that, with respect to each such purchase or other acquisition: 
 (i) the newly-created or
acquired Subsidiary (or assets acquired in connection with an asset sale) shall be (x) in the same or a related line of business as that conducted by the Borrower on the date hereof, or (y) in a business that is ancillary to and in
furtherance of the line of business as that conducted by the Borrower on the date hereof; 

  
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 (ii) all transactions related to such purchase or acquisition shall be consummated in all
material respects in accordance with all Requirements of Law; 
 (iii) the Borrower shall give the Administrative Agent at least ten
(10) Business Days’ prior written notice and a description of any such purchase or acquisition; 
 (iv) the Borrower shall
provide to the Administrative Agent as soon as available but in any event not later than five (5) Business Days after the execution thereof, a copy of any executed purchase agreement or similar agreement with respect to any such purchase or
acquisition; 
 (v) the Borrower shall provide to the Administrative Agent, to the extent available, a due diligence package with respect
to such purchase or acquisition; 
 (vi) any such newly-created or acquired Subsidiary, or the Loan Party that is the acquirer of assets in
connection with an asset acquisition, shall comply with the requirements of Section 6.12, except to the extent compliance with Section 6.12 is prohibited by pre-existing Contractual Obligations or Requirements of Law binding
on such Subsidiary or its properties; 
 (vii) Liquidity shall equal or exceed $50,000,000 as of the date such Permitted Acquisition is
consummated (after giving effect, on a Pro Forma Basis, to the consummation of such acquisition); 
 (viii) (x) immediately before and
immediately after giving effect to any such purchase or other acquisition, no Default or Event of Default shall have occurred and be continuing and (y) immediately after giving effect to such purchase or other acquisition, the Consolidated
Leverage Ratio shall not exceed the applicable ratio, less 0.25x, as set forth in Section 7.1(b) hereof, and the Borrower and its Subsidiaries shall be in compliance with each of the other financial covenants set forth in
Section 7.1, to the extent effective at such time, based upon financial statements delivered to the Administrative Agent which give effect, on a Pro Forma Basis, as of the end of the last completed fiscal quarter, to such acquisition or
other purchase; 
 (ix) no liabilities in excess of $5,000,000 are assumed in connection with such purchase or acquisition and no
Indebtedness is assumed or incurred in connection with any such purchase or acquisition other than Indebtedness permitted by the terms of Section 7.2(k); 

(x) such purchase or acquisition shall not constitute an Unfriendly Acquisition; 

(xi) the aggregate amount of the cash consideration paid by such Group Member in connection with Permitted Acquisitions (including costs and
expenses, earn-out obligations, deferred payments, holdbacks or similar deferred consideration in connection therewith, and Indebtedness assumed and/or incurred in connection therewith) shall not exceed $15,000,000 during any fiscal year of the
Borrower or $30,000,000 in the aggregate with respect to all such Permitted Acquisitions; 
 (xii) the Borrower shall have delivered to the
Administrative Agent, at least five Business Days prior to the date on which any such purchase or other acquisition is to be consummated (or such later date as is agreed by the Administrative Agent in its sole discretion), a certificate of a
Responsible Officer of the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, certifying that all of the requirements set forth in this definition have been satisfied or will be satisfied on or prior to the
consummation of such purchase or other acquisition; 

  
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 (p) In addition to the Investments otherwise expressly permitted by this Section 7.7,
Investments (including in joint ventures, strategic alliances and corporate collaborations) by the Group Members the aggregate amount of all of which Investments (valued at cost) does not exceed $5,000,000; and 

(q) Investments existing on the Closing Date and described on Schedule 7.8. 

7.9 ERISA. The Borrower shall not, and shall not permit any of its ERISA Affiliates to: (a) terminate any Pension Plan so as to
result in any material liability to such Person or any of such Person’s ERISA Affiliates, (b) permit to exist any ERISA Event, or any other event or condition, which presents the risk of a material liability to any of their respective
ERISA Affiliates, (c) make a complete or partial withdrawal (within the meaning of ERISA Section 4201) from any Multiemployer Plan so as to result in any material liability to such Person or any of their respective ERISA Affiliates,
(d) enter into any new Pension Plan or modify any existing Pension Plan so as to increase its obligations thereunder which would result in any material liability to any such Person or any of its respective ERISA Affiliates, (e) permit the
present value of all nonforfeitable accrued benefits under any Pension Plan (using the actuarial assumptions utilized by the PBGC upon termination of a Pension Plan) materially to exceed the fair market value of Pension Plan assets allocable to such
benefits, all determined as of the most recent valuation date for each such Pension Plan, or (f) engage in any transaction which would cause any obligation, or action taken or to be taken, hereunder (or the exercise by the Administrative Agent
or any Lender of any of its rights under this Agreement, any Note or the other Loan Documents) to be a non-exempt (under a statutory or administrative class exemption) prohibited transaction under ERISA or Section 4975 of the Code. 

7.10 Optional Payments and Modifications of Debt Instruments. Amend, modify, waive or otherwise change, or consent or agree to any
amendment, modification, waiver or other change to, any of the terms of the Seller Note that would shorten the maturity or increase the amount of any payment of principal thereof or the rate of interest thereon or shorten any date for payment of
interest thereon or that would be otherwise materially adverse to any Lender or any other Secured Party. 
 7.11 Transactions with
Affiliates. Except as described on Schedule 7.11, enter into any transaction, including any purchase, sale, lease or exchange of property, the rendering of any service or the payment of any management, advisory or similar fees, with any
Affiliate (other than any other Loan Party) unless such transaction is (a) otherwise permitted under this Agreement, (b) in the ordinary course of business of the relevant Group Member, and (c) upon fair and reasonable terms no less
favorable to the relevant Group Member than it would obtain in a comparable arm’s length transaction with a Person that is not an Affiliate. 

7.12 Sale Leaseback Transactions. Enter into any Sale Leaseback Transaction unless (a) the Disposition of the applicable property
subject to such Sale Leaseback Transaction is permitted under Section 7.5 (including with respect to the application of the Net Cash Proceeds received in connection therewith), and (b) any Liens in the property of any Loan Party
incurred in connection with any such Sale Leaseback Transaction are permitted under Section 7.3. 
 7.13 Swap Agreements.
Enter into any Swap Agreement, except Specified Swap Agreements which are entered into by a Group Member to (a) hedge or mitigate risks to which such Group Member has actual exposure (other than those in respect of Capital Stock), or
(b) effectively cap, collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment of such Group Member. 

  
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 7.14 Accounting Changes. Make any change in its (a) accounting policies or reporting
practices, except as required by GAAP, or (b) fiscal year. 
 7.15 Negative Pledge Clauses. Except as set forth in Schedule
7.15, enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Loan Party to create, incur, assume or suffer to exist any Lien upon any Collateral, whether now owned or hereafter acquired, to
secure its Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, (b) any agreements governing any cash pooling or treasury management arrangements, purchase money Liens or
Capital Lease Obligations otherwise permitted hereby (in which case, any prohibition or limitation shall only be effective against the assets financed thereby, related assets and proceeds), (c) customary restrictions on the assignment of
leases, licenses and other agreements, (d) any agreement in effect at the time any Subsidiary becomes a Subsidiary of a Loan Party, so long as such agreement was not entered into solely in contemplation of such Person becoming a Subsidiary or,
in any such case, that is set forth in any agreement evidencing any amendments, restatements, supplements, modifications, extensions, renewals and replacements of the foregoing, so long as such amendment, restatement, supplement, modification,
extension, renewal or replacement applies only to such Subsidiary and does not otherwise expand in any material respect the scope of any restriction or condition contained therein, and (e) any restriction pursuant to any document, agreement or
instrument governing or relating to any Lien permitted under Sections 7.3(c), (d), (f), (g), (i), (l), (m), (n) and (p) or any agreement or option to Dispose any asset of
any Group Member, the Disposition of which is permitted by any other provision of this Agreements (in each case, provided that any such restriction relates only to the assets or property subject to such Lien or being Disposed). 

7.16 Clauses Restricting Subsidiary Distributions. Except as set forth in Schedule 7.16, enter into or suffer to exist or become
effective any consensual encumbrance or restriction on the ability of any Loan Party and any of their respective Subsidiaries to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held by, or to pay any Indebtedness
owed to, any other Group Member, (b) make loans or advances to, or other Investments in, any other Group Member, or (c) transfer any of its assets to any other Group Member, except for such encumbrances or restrictions existing under or by
reason of (i) any restrictions existing under the Loan Documents, (ii) any restrictions with respect to a Subsidiary imposed pursuant to an agreement that has been entered into in connection with a Disposition permitted hereby of all or
substantially all of the Capital Stock or assets of such Subsidiary, (iii) customary restrictions on the assignment of leases, licenses and other agreements, (iv) customary restrictions under agreements governing cash pooling and treasury
management arrangements, (v) restrictions under agreements governing purchase money liens or Capital Lease Obligations otherwise permitted hereby which restrictions are only effective against the assets financed thereby, related property and
proceed thereof, (vi) any agreement in effect at the time any Subsidiary becomes a Subsidiary of a Borrower, so long as such agreement applies only to such Subsidiary, was not entered into solely in contemplation of such Person becoming a
Subsidiary or in each case that is set forth in any agreement evidencing any amendments, restatements, supplements, modifications, extensions, renewals and replacements of the foregoing, so long as such amendment, restatement, supplement,
modification, extension, renewal or replacement does not expand in any material respect the scope of any restriction or condition contained therein, or (vii) any restriction pursuant to any document, agreement or instrument governing or
relating to any Lien permitted under Sections 7.3(c), (d), (f), (g), (i), (k), (l), (m), (n) and (p) (provided that any such restriction relates only to the
assets or property subject to such Lien or being Disposed). 
 7.17 Lines of Business. Enter into any business, either directly or
through any Subsidiary, except for those businesses in which the Borrower and its respective Subsidiaries are engaged on the date of this Agreement or that are reasonably related, ancillary or incidental thereto. 

  
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 7.18 Designation of other Indebtedness. Designate any Indebtedness or indebtedness other
than the Obligations as “Designated Senior Indebtedness” or a similar concept thereto, if applicable. 
 7.19 Amendments to
Acquisition Documentation ; Certification of Certain Equity Interests. (a) Amend, supplement or otherwise modify the terms and conditions of the Acquisition Agreement except for any such amendment, supplement or modification that
(i) becomes effective after the Closing Date and (ii) would not reasonably be expected to have a Material Adverse Effect; (b) fail to enforce, to the extent appropriate in the exercise of Borrower’s reasonable business judgment,
the Loan Parties’ rights (including rights to indemnification) under the Acquisition Documentation; or (c) take any action to certificate any Equity Interests having been pledged to the Administrative Agent (for the ratable benefit of the
Secured Parties) which were uncertificated at the time so pledged, in any such case, without promptly undertaking to the reasonable satisfaction of the Administrative Agent all such actions as may reasonably be requested by the Administrative Agent
to continue the perfection of its Liens (held for the ratable benefit of the Secured Parties) in any such newly certificated Equity Interests. 

7.20 Amendments to Organizational Agreements. Amend or permit any amendments to any Loan Party’s organizational documents if such
amendment would be adverse to Administrative Agent or the Lenders in any material respect, provided that an amendment to the organizational documents of the Borrower shall not be deemed to be adverse if it does not result in a Change of Control.

 7.21 Use of Proceeds. Use the proceeds of any extension of credit hereunder, whether directly or indirectly, and whether
immediately, incidentally or ultimately, to (a) purchase or carry margin stock (within the meaning of Regulation U of the Board) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness
originally incurred for such purpose, in each case in violation of, or for a purpose which violates, or would be inconsistent with, Regulation T, U or X of the Board, (b) finance an Unfriendly Acquisition, or (c) for any other purpose
other than as permitted by Section 4.16 hereof. 
 7.22 Subordinated Debt. 

(a) Amendments. Amend, modify, supplement, waive compliance with, or consent to noncompliance with, any Subordinated Debt Document,
unless the amendment, modification, supplement, waiver or consent is in compliance with the subordination provisions therein and any subordination agreement (including, without limitation, the Seller Subordination Agreement) with respect thereto in
favor of the Administrative Agent and the Lenders. 
 (b) Payments. Make any voluntary or optional payment, prepayment or repayment
on, redemption, exchange or acquisition for value of, or any sinking fund or similar payment with respect to, any Subordinated Debt (other than any Permitted Refinancing Indebtedness in respect thereof), except as permitted by the subordination
provisions in the applicable Subordinated Debt Documents and any subordination agreement (including, without limitation, the Seller Subordination Agreement) with respect thereto in favor of the Administrative Agent and the Lenders. 

SECTION 8
 EVENTS OF
DEFAULT 
 8.1 Events of Default. The occurrence of any of the following shall constitute an Event of Default: 

(a) the Borrower shall fail to pay any amount of principal of any Loan when due in accordance with the terms hereof; or the Borrower shall
fail to pay any amount of interest on any Loan, or any other amount payable hereunder or under any other Loan Document, within three (3) Business Days after any such interest or other amount becomes due in accordance with the terms hereof; or

  
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 (b) any representation or warranty made or deemed made by any Loan Party herein or in any other
Loan Document or that is contained in any certificate, document or financial or other written statement furnished by it at any time under or in connection with this Agreement or any such other Loan Document (i) if qualified by materiality,
shall be incorrect or misleading when made or deemed made, or (ii) if not qualified by materiality, shall be incorrect or misleading in any material respect when made or deemed made; or 

(c) any Loan Party shall default in the observance or performance of any agreement contained in Section 5.3,
Section 6.1, clause (i) or (ii) of Section 6.5(a), Section 6.6(b), Section 6.8(a) (with respect to an “Event of Default” described in such Section 6.8(a)),
Section 6.10 or Section 7 of this Agreement; or 
 (d) any Loan Party shall default in the observance or performance
of any other agreement contained in this Agreement or any other Loan Document to which it is party (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied for a period of 30 days
thereafter; or 
 (e) (1) any Group Member shall (i) default in making any payment of any principal of any Indebtedness (including any
Guarantee Obligation, but excluding the Loans and any Swap Agreement) on the scheduled due date with respect thereto; or (ii) default in making any payment of any interest on any such Indebtedness beyond the period of grace, if any, provided in
the instrument or agreement under which such Indebtedness was created; (iii) default in making any payment or delivery under any such Indebtedness constituting a Swap Agreement in an amount greater than $5,000,000 beyond the period of grace, if
any, provided in such Swap Agreement; or (iv) default in the observance or performance of any other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto,
or any other event shall occur or condition exist, the effect of which default or other event or condition is to (x) cause, or to permit the holder or beneficiary of, or, in the case of any such Indebtedness constituting a Swap Agreement,
counterparty under, such Indebtedness (or a trustee or agent on behalf of such holder, beneficiary, or counterparty) to cause, with the giving of notice if required, such Indebtedness to become due prior to its stated maturity or (in the case of any
such Indebtedness constituting a Guarantee Obligation) to become payable or (in the case of any such Indebtedness constituting a Swap Agreement) to be terminated, or (y) to cause, with the giving of notice if required, any Group Member to
purchase or redeem or make an offer to purchase or redeem such Indebtedness prior to its stated maturity; provided that, (A) unless such Indebtedness constitutes a Specified Swap Agreement, a default, event or condition described in
clause (i), (ii), (iii), or (iv) of this paragraph (e) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or conditions of the type described in clauses (i), (ii), (iii), and
(iv) of this paragraph (e) shall have occurred with respect to Indebtedness the outstanding principal amount (and, in the case of Swap Agreements, other than Specified Swap Agreements, the Swap Termination Value) of which, individually or
in the aggregate of all such Indebtedness, exceeds in the aggregate $5,000,000; and (B) clauses (i), (ii) and (iv) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of property or
assets securing Indebtedness or as a result of the voluntary sale or transfer of Capital Stock owned by any Group Member in a transaction not prohibited hereunder; or (2) any default or event of default (however designated) shall occur with
respect to any Subordinated Indebtedness of any Loan Party; or 
 (f) (i) any Group Member shall commence any case, proceeding or other
action (a) under any Debtor Relief Law seeking to have an order for relief entered with respect to it, or seeking 

  
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to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other
relief with respect to it or its debts, or (b) seeking appointment of a receiver, trustee, custodian, conservator, judicial manager or other similar official for it or for all or any substantial part of its assets, or any Group Member shall
make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against any Group Member any case, proceeding or other action of a nature referred to in clause (i) above that (a) results in the entry of an
order for relief or any such adjudication or appointment, or (b) remains undismissed, undischarged or unbonded for a period of 60 days (provided that, during such 60 day period, no Loans shall be advanced or Letters of Credit issued
hereunder); or (iii) there shall be commenced against any Group Member any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets
that results in the entry of an order for any such relief that shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof (provided that, during such 60 day period, no Loans shall be
advanced or Letters of Credit issued hereunder); or (iv) any Group Member shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or
(iii) above; or (v) any Group Member shall generally not, or shall be generally unable to, or shall admit in writing its inability to, pay its debts as they become due; or 

(g) There shall occur one or more ERISA Events which individually or in the aggregate results in or otherwise is associated with liability of
any Loan Party or any ERISA Affiliate thereof in excess of $500,000 during the term of this Agreement; or there exists an amount of unfunded benefit liabilities (as defined in Section 4001(a)(18) of ERISA), individually or in the aggregate for
all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities) which exceeds $500,000; or 

(h) There is entered against any Group Member (i) one or more final judgments or orders for the payment of money involving in the
aggregate a liability (not paid or fully covered by insurance (other than customary deductibles) as to which the relevant insurance company has acknowledged coverage) of $3,000,000 or more, or (ii) one or more non-monetary final judgments that
have, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case (i) or (ii), (A) enforcement proceedings are commenced by any creditor upon such judgment, order, penalty or
fine, as applicable, or (B) such judgment or order, as applicable, shall not have been vacated, discharged, stayed or bonded, as applicable, pending appeal within 60 days from the entry or issuance thereof; or 

(i) (i) any of the Security Documents shall cease, for any reason, to be in full force and effect (other than pursuant to the terms thereof),
or any Loan Party shall so assert, or any Lien created by any of the Security Documents shall cease to be enforceable and of the same effect and priority purported to be created thereby; or 

(ii) there shall be commenced against any Loan Party any case, proceeding or other action seeking issuance of a warrant of attachment,
execution, distraint or similar process against all or any substantial part of its assets that results in the entry of an order for any such relief that shall not have been vacated, discharged or stayed or bonded pending appeal within 60 days from
the entry thereof; or 
 (iii) any court order enjoins, restrains or prevents a Loan Party from conducting all or any material part of its
business; or 
 (j) the guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall cease, for any reason, to be
in full force and effect or any Loan Party shall so assert; or 

  
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 (k) a Change of Control shall occur; or 

(l) any of the Governmental Approvals approving the Acquisition shall have been (i) revoked, rescinded, suspended, modified in an adverse
manner or not renewed in the ordinary course for a full term or (ii) subject to any decision by a Governmental Authority that designates a hearing with respect to any applications for renewal of any of the Governmental Approvals or that could
result in the Governmental Authority taking any of the actions described in clause (i) above, and such decision or such revocation, rescission, suspension, modification or nonrenewal (A) has, or could reasonably be expected to have, a
Material Adverse Effect, or (B) materially adversely affects the Acquisition; or 
 (m) Any Loan Document not otherwise referenced in
Section 8.1(i) or (j), at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or the Discharge of Obligations, ceases to be in full force and effect in any
material respect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any Loan Document; or any Loan Party denies that it has any or any further liability or obligation under any Loan Document to which it
is a party, or purports to revoke, terminate or rescind any such Loan Document. 
 8.2 Remedies upon Event of Default. If any Event
of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 

(a) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) of Section 8.1 with
respect to the Borrower, the Commitments shall immediately terminate automatically and the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents shall automatically immediately become due
and payable, and 
 (b) if such event is any other Event of Default, any of the following actions may be taken: (i) with the consent of
the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower declare the Revolving Commitments, the Term Commitments and the L/C Commitments to be
terminated forthwith, whereupon the Revolving Commitments, the Term Commitments and the L/C Commitments shall immediately terminate; (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the
Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon
the same shall immediately become due and payable; (iii) SVB and any of its Affiliates, as applicable, may terminate any FX Forward Contract or other Bank Services Agreement then outstanding; and (iv) exercise on behalf of itself, the
Lenders and the Issuing Lender all rights and remedies available to it, the Lenders and the Issuing Lender under the Loan Documents. With respect to all Letters of Credit with respect to which presentment for honor shall not have occurred at the
time of an acceleration pursuant to this paragraph, the Borrower shall Cash Collateralize an amount equal to 105% of the aggregate then undrawn and unexpired amount of such Letters of Credit (or, with respect to foreign Letters of Credit, 110% of
the aggregate then undrawn and unexpired amount of such foreign Letters of Credit). Amounts so Cash Collateralized shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion
thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other Obligations of the Borrower hereunder and under the other Loan Documents in accordance with Section 8.3. In
addition, to the extent elected by SVB or any of its applicable Affiliates, the Borrower shall also Cash Collateralize the amount of any Obligations in respect of Bank Services then outstanding. After all such Letters of Credit and Bank Services
Agreements shall have been terminated, expired or fully drawn upon, as applicable, and all amounts drawn under any such Letters of Credit shall have been reimbursed in full and all other Obligations of the Borrower and the other Loan Parties

  
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(including any such Obligations arising in connection with Bank Services) shall have been paid in full, the balance, if any, of the funds having been so Cash Collateralized shall be returned to
the Borrower (or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower. 

8.3 Application of Funds. After the exercise of remedies provided for in Section 8.2, any amounts received by the
Administrative Agent on account of the Obligations shall be applied by the Administrative Agent in the following order: 
 First, to
the payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal and interest but including any Collateral-Related Expenses, fees, charges and disbursements of counsel to the
Administrative Agent and amounts payable under Sections 2.19, 2.20 and 2.21) payable to the Administrative Agent in its capacity as such (including interest thereon); 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest
and Letter of Credit Fees) payable to the Lenders, the Issuing Lender (including any Issuing Lender Fees and the reasonable fees, charges and disbursements of counsel to the respective Lenders and the Issuing Lender and amounts payable under
Sections 2.19, 2.20 and 2.21), and any Qualified Counterparties, in each case, ratably among them in proportion to the respective amounts described in this clause Second payable to them; 

Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans
and L/C Disbursements which have not yet been converted into Revolving Loans, and to payment of premiums and other fees (including any interest thereon) under any Specified Swap Agreements, in each case, ratably among the Lenders, the Issuing Lender
and any Qualified Counterparties, in each case, ratably among them in proportion to the respective amounts described in this clause Third payable to them; 

Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans, L/C Disbursements which have not yet
been converted into Revolving Loans, and settlement amounts, payment amounts and other termination payment obligations under any Specified Swap Agreements, in each case, ratably among the Lenders, the Issuing Lender and any applicable Qualified
Counterparties, in each case, ratably among them in proportion to the respective amounts described in this clause Fourth held by them; 

Fifth, to the Administrative Agent for the account of the Issuing Lender, to Cash Collateralize that portion of the L/C Exposure
comprised of the aggregate undrawn amount of Letters of Credit pursuant to Section 3.10; 
 Sixth, to the payment of all
other Obligations of the Loan Parties that are then due and payable to the Administrative Agent and the other Secured Parties on such date, in each case, ratably among them in proportion to the respective aggregate amounts of all such Obligations
owing to the Administrative Agent and the other Secured Parties on such date; 
 Seventh, for the account of any applicable Qualified
Counterparty, to Cash Collateralize Obligations arising under any then outstanding Specified Swap Agreements, in each case, ratably among them in proportion to the respective amounts described in this clause Seventh payable to them; 

  
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 Eighth, to payment of that portion of the Obligations constituting settlement amounts,
payment amounts and other termination payment obligations under any and Bank Services Agreements, in each case, ratably among SVB and any of its applicable Affiliates (as provider(s) of Bank Services), and, if so elected by SVB, to the
Administrative Agent for the account of SVB, to Cash Collateralize then-outstanding Obligations arising in connection with Bank Services; and 

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full (excluding, for this purpose, any
Obligations which have been Cash Collateralized in accordance with the terms hereof), to the Borrower or as otherwise required by Law. 

Subject to Sections 2.24(a), 3.4, 3.5 and 3.10, amounts used to Cash Collateralize the aggregate undrawn
amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral for Letters of Credit after all Letters of Credit
have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

SECTION 9 
 THE
ADMINISTRATIVE AGENT 
 9.1 Appointment and Authority. 

(a) Each of the Lenders hereby irrevocably appoints SVB 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. 
 (b) The provisions of Section 9 are solely for the benefit of the Administrative Agent, the Lenders and
the Issuing Lender, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall
not have any duties or responsibilities to any Lender or any other Person, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or
liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. 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. 
 (c) The Administrative Agent shall
also act as the collateral agent under the Loan Documents, and the Issuing Lender and each of the other Lenders (in their respective capacities as a Lender and, as applicable, Qualified Counterparty or provider of Bank Services) hereby irrevocably
(i) authorize the Administrative Agent to enter into all other Loan Documents, as applicable, including the Guarantee and Collateral Agreement, any subordination agreements and any other Security Documents, and (ii) appoint and authorize
the Administrative Agent to act as the agent of the Secured Parties for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and
discretion as are reasonably incidental thereto. The Administrative Agent, as collateral agent and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.2 for purposes of holding or
enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be

  
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entitled to the benefits of all provisions of this Section 9 and Section 10 (including Section 9.7, as though such co-agents, sub-agents and attorneys-in-fact
were the collateral agent under the Loan Documents) as if set forth in full herein with respect thereto. Without limiting the generality of the foregoing, the Administrative Agent is further authorized on behalf of all the Lenders, without the
necessity of any notice to or further consent from the Lenders, from time to time to take any action, or permit the any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent to take any action, with respect to any
Collateral or the Loan Documents which may be necessary to perfect and maintain perfected the Liens upon any Collateral granted pursuant to any Loan Document. 

9.2 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 Section 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 Facilities provided for herein as well as activities as the 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 nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub agents. 

9.3 Exculpatory Provisions. The Administrative Agent shall have no duties or obligations except those expressly set forth herein and in
the other Loan Documents, and its duties hereunder and thereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent shall not: 

(a) be subject to any fiduciary or other implied duties, regardless of whether any Default or any Event of Default has occurred and is
continuing; 
 (b) 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), as applicable; 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 
 (c) except as expressly set forth herein and in
the other Loan Documents, have any duty to disclose, and the Administrative Agent shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by any 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 Sections 8.2 and 10.1), 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.

  
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 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 or Event of 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 Section 5.1, Section 5.2 or
elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 
 9.4 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. 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, or the issuance,
extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender, 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 or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for any of the Loan Parties), independent
accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. The Administrative Agent may deem and treat the payee of any
Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take
any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders (or such other number or percentage of Lenders as shall be provided for herein or in the other Loan
Documents) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The Administrative
Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or such other number or percentage of Lenders as shall be
provided for herein or in the other Loan Documents), and such request and any action taken or failure to act pursuant thereto shall be binding upon the Lenders and all future holders of the Loans. 

9.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or
Event of Default unless the Administrative Agent has received notice in writing from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of
default.” In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of
Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may
(but shall not be obligated to) take such action or refrain from taking such action with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 

9.6 Non-Reliance on Administrative Agent and Other Lenders. Each Lender expressly acknowledges that neither the Administrative Agent
nor any of its officers, directors, employees, agents, attorneys in fact or affiliates has made any representations or warranties to it and that no act by the 

  
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Administrative Agent hereafter taken, including any review of the affairs of a Group Member or any affiliate of a Group Member, shall be deemed to constitute any representation or warranty by the
Administrative Agent to any Lender. Each Lender represents to the Administrative Agent 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 appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Group Members and their affiliates and made its own credit
analysis and decision to make its Loans hereunder and enter into this Agreement. Each Lender also agrees 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 deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under or based upon this Agreement, the other Loan Documents or any related
agreement or any document furnished hereunder or thereunder, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Group Members and
their affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall have no duty or responsibility to provide any Lender with any
credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Group Member or any Affiliate of a Group Member that may come into the possession of the
Administrative Agent or any of its officers, directors, employees, agents, attorneys in fact or affiliates. 
 9.7 Indemnification.
Each of the Lenders agrees to indemnify each of the Administrative Agent, the Issuing Lender and each of its Related Parties in its capacity as such (to the extent not reimbursed by the Borrower or any other Loan Party pursuant to any Loan Document
and without limiting the obligation of the Borrower or any other Loan Party to do so) according to its Aggregate Exposure Percentage in effect on the date on which indemnification is sought under this Section 9.7 (or, if indemnification
is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, in accordance with its Aggregate Exposure Percentage immediately prior to such date), from and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against the
Administrative Agent or such other Person in any way relating to or arising out of, the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated
hereby or thereby or any action taken or omitted by the Administrative Agent or such other Person under or in connection with any of the foregoing and any other amounts not reimbursed by the Borrower or such other Loan Party; provided that no
Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of
competent jurisdiction to have resulted primarily from the Administrative Agent’s or such other Person’s gross negligence or willful misconduct, and that with respect to such unpaid amounts owed to any Issuing Lender solely in its capacity
as such, only the Revolving Lenders shall be required to pay such unpaid amounts, such payment to be made severally among them based on such Revolving Lenders’ Revolving Percentage (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought). The agreements in this Section shall survive the payment of the Loans and all other amounts payable hereunder. 

9.8 Agent in Its Individual Capacity. 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 

  
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may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower 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. 

9.9 Successor Administrative Agent. 

(a) The Administrative Agent may at any time give notice of its resignation to the Lenders and the Borrower. Upon receipt of any such notice
of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the State of New York, or an Affiliate of any such bank with an office in the State of New
York. 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 (or such earlier day as shall be agreed
by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to), on behalf of the Lenders, appoint a successor Administrative Agent meeting the
qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

(b) With effect from the Resignation Effective Date (i) the retiring or removed Administrative Agent shall be discharged from its duties
and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Secured Parties under any of the Loan Documents, the retiring or removed
Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed and such collateral security is assigned to such successor Administrative Agent) and (ii) except for any
indemnity payments owed to the retiring or removed 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, if any, 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 removed Administrative Agent (other than any rights to indemnity payments owed to the retiring or removed Administrative Agent), and the retiring or removed
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 the Borrower to a successor
Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the
other Loan Documents, the provisions of Section 9 and Section 10.5 shall continue in effect for the benefit of such retiring or removed 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 or removed Administrative Agent was acting as the Administrative Agent. 

9.10 Collateral and Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion,

 (a) to release any Lien on any Collateral or other property granted to or held by the Administrative Agent under any Loan Document
(i) upon the Discharge of Obligations (other than contingent indemnification obligations) and the expiration or termination of all Letters of Credit, Bank Services and Specified Swap Agreements (other than Letters of Credit, Bank Services and
Specified Swap Agreements the Obligations in respect of which have been Cash Collateralized in an amount equal to 105% thereof (or, with respect to foreign Letters of Credit, 110% thereof) in accordance with the terms

  
 105 

 
hereof or as to which other arrangements satisfactory to the Administrative Agent, the Issuing Lender, provider of Bank Services or any applicable Qualified Counterparty, as applicable, shall
have been made), (ii) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted hereunder or under any other Loan Document, or (iii) subject to
Section 10.1, if approved, authorized or ratified in writing by the Required Lenders; 
 (b) to subordinate any Lien on any
Collateral or other property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Sections 7.3(g) and (i); and 

(c) to release any Guarantor from its obligations under the Guarantee and Collateral Agreement if such Person ceases to be a Subsidiary as a
result of a transaction permitted under the Loan Documents. 
 (d) Upon request by the Administrative Agent at any time, the Required
Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this
Section 9.10. 
 (e) The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any
representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection
therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 

9.11 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 any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or Obligation in respect of any Letter of Credit shall then be due and payable as herein expressed or by declaration or
otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (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, Obligations in
respect of any Letter of Credit and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable 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 under Sections 2.9 and
10.5) 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 the Administrative Agent under Sections 2.9 and
10.5. 

  
 106 

 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. 
 9.12 Survival. 

This Section 9 shall survive the Discharge of Obligations. 

SECTION 10 

MISCELLANEOUS 
 10.1
Amendments and Waivers. 
 (a) Neither this Agreement, nor any other Loan Document (other than any L/C Related Document and other than
any Bank Services Agreement), nor any terms hereof or thereof may be amended, supplemented or modified except in accordance with the provisions of this Section 10.1. The Required Lenders and each Loan Party party to the relevant Loan
Document may, or, with the written consent of the Required Lenders, the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time to time, (i) enter into written amendments, supplements or modifications hereto
and to the other Loan Documents for the purpose of adding any provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (ii) waive, on such
terms and conditions as the Required Lenders or the Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its
consequences; provided that no such waiver and no such amendment, supplement or modification shall (A) forgive the principal amount or extend the final scheduled date of maturity of any Loan, extend the scheduled date of any amortization
payment in respect of any Term Loan, reduce the stated rate of any interest or fee payable hereunder (except that any amendment or modification of defined terms used in the financial covenants in this Agreement shall not constitute a reduction in
the rate of interest or fees for purposes of this clause (A)) or extend the scheduled date of any payment thereof, or increase the amount or extend the expiration date of any Lender’s Revolving Commitment or Term Commitment, in each case
without the written consent of each Lender directly affected thereby; (B) eliminate or reduce the voting rights of any Lender under this Section 10.1 without the written consent of such Lender; (C) reduce any percentage
specified in the definition of Required Lenders, consent to the assignment or transfer by the Borrower of any of its respective rights and obligations under this Agreement and the other Loan Documents, release all or substantially all of the
Collateral or release all or substantially all of the Guarantors from their obligations under the Guarantee and Collateral Agreement, in each case without the written consent of all Lenders; (D) (i) amend, modify or waive the pro rata
requirements of Section 2.18 in a manner that adversely affects Revolving Lenders without the written consent of each Revolving Lender or (ii) amend, modify or waive the pro rata requirements of Section 2.18 in a manner
that adversely affects Term Lenders or the L/C Lenders without the written consent of each Term Lender and/or, as applicable, each L/C Lender; (E) reduce the percentage specified in the definition of Majority Revolving Lenders without the
written consent of all Revolving Lenders or reduce the percentage specified in the definition of Majority Term Lenders without the written consent of all Term Lenders; (F) amend, modify or waive any provision of Section 9 without
the written consent of the Administrative Agent; (G) amend, modify or waive any provision of Section 3 without the written consent of the Issuing Lender; or (H)(i) amend or modify the application of prepayments set forth in
Section 2.12(e) or the application of payments set forth in Section 8.3 in a manner that adversely affects Revolving Lenders without the written consent of the Majority Revolving Lenders, (ii) amend or modify the
application of prepayments set forth in Section 2.12(e) or the application of payments set forth in Section 8.3 in a manner that adversely affects 

  
 107 

 
Term Lenders or the L/C Lenders without the written consent of the Majority Term Lenders and, as applicable, the L/C Lenders, or (iii) amend or modify the application of payments provisions
set forth in Section 8.3 in a manner that adversely affects the Issuing Lender, provider of Bank Services or any Qualified Counterparty, as applicable, without the written consent of the Issuing Lender, provider of Bank Services or each
such Qualified Counterparty, as applicable. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative Agent, the Issuing
Lender, provider of Bank Services, each Qualified Counterparty, and all future holders of the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights
hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured during the period such waiver is effective; but no such waiver shall extend to any subsequent or other Default or Event of Default,
or impair any right consequent thereon. Notwithstanding the foregoing, the Issuing Lender may amend any of the L/C Documents without the consent of the Administrative Agent or any other Lender. 

(b) Notwithstanding anything to the contrary contained in Section 10.1(a) above, in the event that the Borrower or any other Loan
Party, as applicable, requests that this Agreement or any of the other Loan Documents, as applicable, be amended or otherwise modified in a manner which would require the consent of all of the Lenders and such amendment or other modification is
agreed to by the Borrower and/or such other Loan Party, as applicable, the Required Lenders and the Administrative Agent, then, with the consent of the Borrower and/or such other Loan Party, as applicable, the Administrative Agent and the Required
Lenders, this Agreement or such other Loan Document, as applicable, may be amended without the consent of the Lender or Lenders who are unwilling to agree to such amendment or other modification (each, a “Minority Lender”),
to provide for: 
 (i) the termination of the Commitments of each such Minority Lender; 

(ii) the assumption of the Loans and Commitments of each such Minority Lender by one or more Replacement Lenders pursuant to the provisions
of Section 2.23; and 
 (iii) the payment of all interest, fees and other obligations payable or accrued in favor of each
Minority Lender and such other modifications to this Agreement or to such Loan Documents as the Borrower, the Administrative Agent and the Required Lenders may determine to be appropriate in connection therewith. 

(c) Notwithstanding any provision herein to the contrary but subject to the proviso in Section 10.1(a), this Agreement may be
amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent and the Borrower (i) to add one or more additional credit or term loan facilities to this Agreement and to permit all such additional
extensions of credit and all related obligations and liabilities arising in connection therewith and from time to time outstanding thereunder to share ratably (or on a basis subordinated to the existing facilities hereunder) in the benefits of this
Agreement and the other Loan Documents with the obligations and liabilities from time to time outstanding in respect of the existing facilities hereunder, and (ii) in connection with the foregoing, to permit, as deemed appropriate by the
Administrative Agent and approved by the Required Lenders, the Lenders providing such additional credit facilities to participate in any required vote or action required to be approved by the Required Lenders and Majority Revolving Lenders or
Majority Term Lenders, as applicable. 
 (d) Notwithstanding any provision herein to the contrary, any Bank Services Agreement may be
amended or otherwise modified by the parties thereto in accordance with the terms thereof without the consent of the Administrative Agent or any Lender. 

  
 108 

 10.2 Notices. 

(a) All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by facsimile or
electronic mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or three (3) Business Days after being deposited in the mail, postage prepaid, or, in the case of facsimile or
electronic mail notice, when received, addressed as follows in the case of the Borrower and the Administrative Agent, and as set forth in an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or to such
other address as may be hereafter notified by the respective parties hereto: 
  

			
	Borrower:	  	 LTX-Credence Corporation
 825 University
Avenue
 Norwood, Massachusetts 02060-2643
 Attention: Mark
Gallenberger
 Facsimile No.: 781-329-8836
 Telephone No.:
781-467-5417
 E-Mail: mark_gallenberger@ltxc.com
 Website URL:
www.credence.com

		
		  	 with a copy to:
  

Wilmer Cutler Pickering Hale & Dorr LLP
 7 World Trade
Center
 250 Greenwich Street
 New York, New York 10007

Attention: George W. Shuster, Jr.
 Facsimile No.:
212-230-8888

		
	Administrative Agent:	  	 Silicon Valley Bank
 275 Grove Street, Suite
2-200
 Newton, MA 02466
 Attention: Michael Shuhy, Vice
President
 Facsimile No.: 617-969-4395
 E-Mail:
mshuhy@svb.com
  
 with a copy to:

 
 Riemer & Braunstein LLP

3 Center Plaza
 Boston, Massachusetts 02108

Attention: Charles W. Stavros
 Facsimile No.:
617-880-3456

 provided that any notice, request or demand to or upon the Administrative Agent or the Lenders shall
not be effective until received. 
 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications (including email and Internet websites) pursuant to procedures 

  
 109 

 
approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any Lender pursuant to Section 2 unless otherwise agreed by the Administrative
Agent and the applicable Lender. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided
that approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (a) notices and other communications sent to an email address shall be deemed received upon the
sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return email or other written acknowledgment); and (b) notices or communications posted to an
Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its email address as described in the foregoing clause (a) of notification that such notice or communication is available and identifying
the website address therefor; provided that, for both clauses (a) and (b), if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been
sent at the opening of business on the next Business Day for the recipient. 
 (c) Any party hereto may change its address or facsimile
number for notices and other communications hereunder by notice to the other parties hereto. 
 (d) (i) Each Loan Party agrees that the
Administrative Agent may, but shall not be obligated to, make the Communications (as defined below) available to the Issuing Lender and the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a substantially similar
electronic transmission system (the “Platform”). 
 (ii) the Platform is provided “as is” and “as
available.” The Agent Parties (as defined below) do not warrant the adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including,
without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or the
Platform. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower or the other Loan Parties, any Lender or any other Person or entity for
damages of any kind, including, without limitation, direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of the Borrower’s, any Loan Party’s or the
Administrative Agent’s transmission of communications through the Platform. “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any
Loan Party pursuant to any Loan Document or the transactions contemplated therein which is distributed to the Administrative Agent, any Lender or the Issuing Lender by means of electronic communications pursuant to this Section, including through
the Platform. 
 10.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the
Administrative Agent or any Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and
privileges provided by law. 
 10.4 Survival of Representations and Warranties. All representations and warranties made hereunder, in
the other Loan Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans and other extensions of credit
hereunder. 

  
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 10.5 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. The Borrower shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the
Administrative Agent), in connection with the syndication of the Facilities during the Syndication Period, 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), (ii) all reasonable
out-of-pocket expenses incurred by the Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment
thereunder, and (iii) all out-of-pocket expenses incurred by the Administrative Agent or any Lender (including the fees, charges and disbursements of any counsel
for the Administrative Agent or any Lender, 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 or Letters of Credit issued or participated in hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit. 
 (b) Indemnification by the Borrower. The Borrower shall indemnify the
Administrative Agent (and any sub-agent thereof), each Lender (including the Issuing Lender), and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each
Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any
Person (including the Borrower or any other Loan Party) other than such Indemnitee and its Related Parties arising out of, 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 or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or
Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Lender to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly
comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Materials of Environmental Concern on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental
Liability related in any way to the Borrower 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 the Borrower or any other Loan Party, 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 (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or
(y) result from a claim brought by the Borrower or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower or such Loan Party has
obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. This Section 10.5(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims,
damages, or liabilities arising from any non-Tax claim. 
 (c) Reimbursement by Lenders. To the extent that the Borrower or any other
Loan Party pursuant to any other Loan Document for any reason fails indefeasibly to pay any amount required 

  
 111 

 
under paragraph (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the Issuing Lender or any Related Party of any of the foregoing, each
Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the Issuing Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender); provided that with
respect to such unpaid amounts owed to the Issuing Lender solely in its capacity as such, only the Revolving Lenders shall be required to pay such unpaid amounts, such payment to be made severally among them based on such Revolving Lenders’
Revolving Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) and provided further, 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) or the Issuing Lender 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) or the Issuing Lender in connection with such capacity. The obligations of the Lenders under this paragraph (c) are subject to the provisions of Sections 2.1, 2.4 and 2.20(e). 

(d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, the Borrower shall not assert, and hereby
waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other
Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit, or the use of the proceeds thereof. No Indemnitee referred to in paragraph (b) above shall be
liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the
other Loan Documents or the transactions contemplated hereby or thereby. 
 (e) Payments. All amounts due under this Section shall be
payable promptly after demand therefor. 
 (f) Survival. Each party’s obligations under this Section shall survive the
resignation of the Administrative Agent and the Issuing Lender, the replacement of any Lender, the termination of the Loan Documents, the termination of the Commitments and the Discharge of Obligations. 

10.6 Successors and Assigns; Participations and Assignments. 

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby (which for purposes of this Section 10.6 shall include SVB and any Affiliate of SVB that is party to any Bank Services Agreement with the Borrower or another Group
Member), except that neither the Borrower nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender, and no Lender may assign or
otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions of paragraph
(d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and
void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in paragraph
(d) of this 

  
 112 

 
Section 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. 
 (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 (including all or a portion of its Commitments and the Loans at the time owing to it); provided that (in each case with respect to any Facility) 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 Commitments and/or the Loans at the time owing
to it (in each case with respect to any Facility) or contemporaneous assignments to related Approved Funds that equal at least the amount specified in paragraph (b)(i)(B) of this Section in the aggregate 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 paragraph
(b)(i)(A) of this Section, the aggregate amount of the Commitments (which for this purpose includes Loans outstanding thereunder) or, if the applicable 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 $1,000,000, in the case of any assignment in respect of the Revolving Facility or the Term Loan Facility, as applicable, unless each of the Administrative Agent and, so long as no Default or
Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed). 

(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 and/or the Commitments assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among
separate Facilities on a non-pro rata basis. 
 (iii) Required Consents. No consent shall be required for any assignment by a Lender
except to the extent required by paragraph (b)(i)(B) of this Section and, in addition: 
 (A) the consent of the Borrower (such consent not
to be unreasonably withheld or delayed) shall be required unless (x) a Default or an Event of Default has occurred and is continuing at the time of such assignment, or (y) such assignment is to a Lender, an Affiliate of a Lender or an
Approved Fund; provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five Business Days after having received notice thereof;
and provided further, that the Borrower’s consent to any transfer made to an Eligible Syndication Transferee shall not be required during the Syndication Period; 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in
respect of (i) the Revolving Facility or any unfunded Commitments with respect to the Term Loan Facility if such assignment is to a Person that is not a Lender with a Commitment in respect of such Facility, an Affiliate of such Lender or an
Approved Fund with respect to such Lender, or (ii) any Term Loans to a Person who is not a Lender, an Affiliate of a Lender or an Approved Fund; and 

  
 113 

 (C) the consent of the Issuing Lender shall be required for any assignment in respect of the
Revolving Facility. 
 (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 of $3,500; provided 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 any such administrative questionnaire as the Administrative Agent may request. 

(v) No Assignment to Certain Persons. No such assignment shall be made to (A) a Loan Party or any of a Loan Party’s
Affiliates or Subsidiaries or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B). 

(vi) No Assignment to Natural Persons. No such assignment shall be made to a natural Person. 

(vii) 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 the Borrower and the Administrative Agent,
the applicable pro rata share of Loans 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, the Issuing Lender and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in
Letters of Credit in accordance with its Revolving Percentage. 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 paragraph (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 2.19, 2.20, 2.21 and 10.5 with respect
to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be
treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (d) of this Section. 

  
 114 

 (c) Register. The Administrative Agent, acting solely for this purpose as an agent of the
Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest)
of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the
Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower and any Lender, at any
reasonable time and from time to time upon reasonable prior notice. 
 (d) Participations. Any Lender may at any time, without the
consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural Person or any Loan Party or any of any Loan Party’s 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 Commitments and/or the Loans owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, and (iii) the Borrower, the Administrative Agent,
the Issuing Lender and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for
the indemnities under Sections 2.20(e) and 9.7 with respect to any payments made by such Lender to its Participant(s). 
 Any
agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this
Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver which affects such Participant and for which the consent of
such Lender is required (as described in Section 10.1). The Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.19, 2.20 and 2.21 (subject to the requirements and limitations
therein, including the requirements under Section 2.20(f) (it being understood that the documentation required under Section 2.20(f) shall be delivered to such participating Lender)) to the same extent as if it were a Lender
and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Section 2.23 as if it were an assignee under paragraph
(b) of this Section; and (B) shall not be entitled to receive any greater payment under Sections 2.19 or 2.20, with respect to any participation, than its participating Lender would have been entitled to receive. Each
Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 2.23 with respect to any Participant. To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 10.7 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.18(k) as though it were a Lender.
Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each
Participant’s interest in the Loans or other obligations under the 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, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that
such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the

  
 115 

 
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. 

(e) 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 to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto. 
 (f) Notes. The Borrower, upon receipt by the Borrower
of written notice from the relevant Lender, agrees to issue Notes to any Lender requiring Notes to facilitate transactions of the type described in Section 10.6. 

(g) Representations and Warranties of Lenders. Each Lender, upon execution and delivery hereof or upon succeeding to an interest in the
Commitments or Loans, as the case may be, represents and warrants as of the Closing Date or as of the effective date of the applicable Assignment and Assumption that (i) it is an Eligible Assignee; (ii) it has experience and expertise in
the making of or investing in commitments, loans or investments such as the Commitments and Loans, and is able (including under Requirements of Law) to make Revolving Loans to the Borrower on the terms set forth in this Agreement; and (iii) it
will make or invest in its Commitments and Loans for its own account in the ordinary course of its business and without a view to distribution of such Commitments and Loans within the meaning of the Securities Act or the Exchange Act, or other
federal securities laws (it being understood that, subject to the provisions of this Section 10.6, the disposition of such Commitments and Loans or any interests therein shall at all times remain within its exclusive control). 

10.7 Adjustments; Set-off. 

(a) Except to the extent that this Agreement expressly provides for payments to be allocated to a particular Lender or to the Lenders under a
particular Facility, if any Lender (a “Benefitted Lender”) shall, at any time after the Loans and other amounts payable hereunder shall immediately become due and payable pursuant to Section 8.2, receive any
payment of all or part of the Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred
to in Section 8.1(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender, such Benefitted Lender shall purchase for
cash from the other Lenders a participating interest in such portion of the Obligations owing to each such other Lender, or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefitted
Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase
shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 
 (b) Upon the
occurrence and during the continuance of any Event of Default, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, without prior notice to the Borrower or any other Loan Party, any such notice being
expressly waived by the Borrower and each Loan Party, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final), in any currency, at any time held or
owing, and any other credits, indebtedness, claims or obligations, in any currency, in each case whether 

  
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direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender, its Affiliates or any branch or agency thereof to or for the credit or the account of
the Borrower or any other Loan Party, as the case may be, against any and all of the obligations of the Borrower or such other Loan Party now or hereafter existing under this Agreement or any other Loan Document to such Lender or its Affiliates,
irrespective of whether or not such Lender or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrower or such other Loan Party may be contingent or unmatured or are owed to a
branch, office or Affiliate of such Lender different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided, that in the event that any Defaulting Lender or any of its Affiliates 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 2.23 and, pending such payment, shall be segregated
by such Defaulting Lender or Affiliate thereof 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 or Affiliate thereof as to which it exercised such right of setoff. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any
such setoff and application made by such Lender or any of its Affiliates; provided that the failure to give such notice shall not affect the validity of such setoff and application. The rights of each Lender and its Affiliates under this
Section 10.7 are in addition to other rights and remedies (including other rights of set-off) which such Lender or its Affiliates may have. 

10.8 Payments Set Aside. To the extent that any payment or transfer by or on behalf of the Borrower is made to the Administrative Agent
or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or transfer or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside
or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any Insolvency Proceeding or otherwise, then
(a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and
(b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such
demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. This Section 10.8 shall survive the Discharge of Obligations. 

10.9 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to
be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that
exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the
Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude
voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

10.10 Counterparts; Electronic Execution of Assignments. 

(a) This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to 

  
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constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile or other electronic mail transmission shall be effective as delivery of a manually
executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent. 

(b) The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption
shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping
system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar
state laws based on the Uniform Electronic Transactions Act. 
 10.11 Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.11, if and to the extent that the enforceability of any provisions in
this Agreement relating to Defaulting Lenders shall be limited under or in connection with any Insolvency Proceeding, as determined in good faith by the Administrative Agent or the Issuing Lender, as applicable, then such provisions shall be deemed
to be in effect only to the extent not so limited. 
 10.12 Integration. This Agreement and the other Loan Documents represent the
entire agreement of the Borrower, the other Loan Parties, the Administrative Agent and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Administrative
Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 

10.13 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. This Section 10.13 shall survive the Discharge of Obligations. 

10.14 Submission to Jurisdiction; Waivers. The Borrower, the Agent and each Loan Party hereby irrevocably and unconditionally: 

(a) submits to the exclusive jurisdiction of the State and Federal courts in the Southern District of the State of New York; provided
that nothing in this Agreement shall be deemed to operate to preclude the Administrative Agent or any Lender from bringing suit or taking other legal action in any other jurisdiction to realize on the Collateral or any other security for the
Obligations, or to enforce a judgment or other court order in favor of Administrative Agent or such Lender. The Borrower expressly submits and consents in advance to such jurisdiction in any action or suit commenced in any such court, and the
Borrower hereby waives any objection that it may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens and hereby consents to the granting of such legal or equitable relief as is deemed appropriate by such court. The
Borrower hereby waives personal service of the summons, complaints, and other process issued in such action or suit and agrees that service of such summons, complaints, and other process may be made by registered or certified mail addressed to the
Borrower at the addresses set forth in Section 10.2 of this Agreement and that service so made shall be deemed completed upon the earlier to occur of the Borrower’s actual receipt thereof or three (3) days after deposit in the
U.S. mails, proper postage prepaid; 

  
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 (b) WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ITS RIGHT TO A JURY TRIAL OF ANY CLAIM
OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE OTHER LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR THE PARTIES TO ENTER
INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL; and 
 (c) waives, to the maximum extent not prohibited by
law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section any special, exemplary, punitive or consequential damages. 

This Section 10.14 shall survive the Discharge of Obligations. 

10.15 Acknowledgements. The Borrower hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents; 

(b) none of the Administrative Agent nor any Lender has any fiduciary relationship with or duty to the Borrower arising out of or in
connection with this Agreement or any of the other Loan Documents, and the relationship between the Administrative Agent and Lenders, on one hand, and the Borrower, on the other hand, in connection herewith or therewith is solely that of debtor and
creditor; and 
 (c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions
contemplated hereby among the Lenders or among the Borrower and the Lenders. 
 10.16 Releases of Guarantees and Liens. 

(a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably
authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower having the effect of releasing any Collateral or Guarantee
Obligations (1) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (2) under the circumstances described in
Section 10.16(b) below. 
 (b) Substantially simultaneously with the Discharge of Obligations, the Collateral shall be released
from the Liens created by the Security Documents, and the Security Documents and all obligations (other than those expressly stated to survive such termination) and liens of the Administrative Agent and each Loan Party under the Security Documents
shall terminate and be released, all without delivery of any instrument or performance of any act by any Person. The collateral agent and the Lenders shall take such action and sign such instruments or documents reasonably requested by Borower to
effect such termination and release. 
 10.17 Treatment of Certain Information; Confidentiality. Each of the Administrative Agent and
each Lender agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its Related Parties (it being understood that the Persons to whom such disclosure is
made will be informed of the confidential nature of such Information and instructed to keep such Information confidential); (b) to the extent required or requested by any 

  
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regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance
Commissioners); (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, upon the request or demand of any Governmental Authority, in response to any order of any court or other Governmental
Authority or as may otherwise be required pursuant to any Requirement of Law or if requested or required to do so in connection with any litigation or similar proceeding; (d) to any other party hereto; (e) in connection with the exercise
of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder; (f) subject to an agreement containing provisions
substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement, or (ii) any actual or prospective party
(or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder; (g) on a confidential basis to (i) any rating
agency in connection with rating the Borrower or its Subsidiaries or the Facilities or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the Facilities;
(h) with the consent of the Borrower; or (i) to the extent such Information (x) 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 on a non-confidential basis from a source other than the Borrower. 
 Notwithstanding anything herein to
the contrary, any party to this Agreement (and any employee, representative, or other agent of any party to this Agreement) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the transactions
contemplated by this Agreement and all materials of any kind (including opinions or other tax analyses) that are provided to it relating to such tax treatment and tax structure. However, any such information relating to the tax treatment or tax
structure is required to be kept confidential to the extent necessary to comply with any applicable federal or state securities laws. 
 For
purposes of this Section, “Information” means all information received from the Borrower or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their respective businesses, other than any
such information that is available to the Administrative Agent or any Lender on a non-confidential basis prior to disclosure by the Borrower or any of its Subsidiaries; provided that, in the case of information received from the Borrower or
any of its Subsidiaries after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have
complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

10.18 Automatic Debits. With respect to any principal, interest, fee, or any other cost or expense (including attorney costs of the
Administrative Agent or any Lender payable by the Borrower hereunder) due and payable to the Administrative Agent or any Lender under the Loan Documents, the Borrower hereby irrevocably authorizes the Administrative Agent to debit any deposit
account of the Borrower maintained with the Administrative Agent in an amount such that the aggregate amount debited from all such deposit accounts does not exceed such principal, interest, fee or other cost or expense. If there are insufficient
funds in such deposit accounts to cover the amount then due, such debits will be reversed (in whole or in part, in the Administrative Agent’s sole discretion) and such amount not debited shall be deemed to be unpaid. No such debit under this
Section 10.18 shall be deemed a set-off. 
 10.19 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

  
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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 and each
other Loan Party in respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under any other Loan Document 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 Borrower or any other Loan Party in the Agreement Currency, such
Borrower and each other Loan Party 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 Borrower or other Loan Party,
as applicable (or to any other Person who may be entitled thereto under applicable law). 
 10.20 Patriot Act. Each Lender and the
Administrative Agent (for itself and not on behalf of any other party) hereby notifies the Borrower that, pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Borrower, which
information includes the names and addresses and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in accordance with the Patriot Act. Each Borrower will, and will cause each of its
respective Subsidiaries to, provide, to the extent commercially reasonable or required by any Requirement of Law, such information and take such actions as are reasonably requested by the Administrative Agent or any Lender to assist the
Administrative Agent and the Lenders in maintaining compliance with the Patriot Act. 
 [Remainder of page left blank intentionally]

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

			
	BORROWER:
	
	 LTX-CREDENCE CORPORATION
 as
a Borrower

		
	By:	 	 /s/ Mark J. Gallenberger

		
	Name:	 	Mark J. Gallenberger
		
	Title:	 	Vice President, Chief Financial Officer and Treasurer
	
	 EVERETT CHARLES TECHNOLOGIES LLC

as a Borrower

		
	By:	 	 /s/ Mark J. Gallenberger

		
	Name:	 	Mark J. Gallenberger
		
	Title:	 	Vice President, Chief Financial Officer and Secretary

  
 Signature Page to
Credit Agreement 

 
			
	ADMINISTRATIVE AGENT:
	
	 SILICON VALLEY BANK,
 as the
Administrative Agent

		
	By:	 	 /s/ Michael Shuhy

		
	Name:	 	Michael Shuhy
		
	Title:	 	Vice President

  
 Signature Page 2 to
Credit Agreement 

 
			
	LENDERS:
	
	 SILICON VALLEY BANK,
 as
Issuing Lender and as a Lender

		
	By:	 	 /s/ Michael Shuhy

		
	Name:	 	Michael Shuhy
		
	Title:	 	Vice President

  
 Signature Page 3 to
Credit Agreement 

 Schedule 1.1A 

Lender Commitments and Aggregate Exposure Percentages 

TERM COMMITMENTS 
  

									
	Lender	  	Term Commitments	 	  	Term Percentage	 
			
	 Silicon Valley Bank
	  	$	50,000,000	  	  	 	100.000000000	% 
	 Total
	  	$	50,000,000	  	  	 	100.000000000	% 

 REVOLVING COMMITMENTS 
  

									
	Lender	  	Revolving Commitment	 	  	Revolving Percentage	 
			
	 Silicon Valley Bank
	  	$	5,000,000	  	  	 	100.000000000	% 
	 Total
	  	$	5,000,000	  	  	 	100.000000000	% 

 L/C COMMITMENTS 

(which is a sublimit of, and not in addition to, the Revolving Commitments) 

 

									
	Lender	  	L/C Commitments	 	  	L/C Percentage	 
			
	 Silicon Valley Bank
	  	$	5,000,000	  	  	 	100.000000000	% 
	 Total
	  	$	5,000,000	  	  	 	100.000000000	% 

 Schedule 1.1B 

Existing Letters of Credit 
  

									
	 L/C Number
	  	Expiration Date	  	Beneficiary	  	Stated Amount	 
	 1100190562-005
	  	10/30/13	  	KBS 825 University Avenue, LLC	  	$	262,167.00	  
	 1100221743-003
	  	9/16/13	  	Pacific Gas and Electric Company	  	$	130,695.00	  
	 1100225085-003
	  	1/1/14	  	The Travelers Indemnity Company	  	$	38,000.00	  

 Schedule 4.4 

Required Consents 
 Materiality Limitation

  

	 	1.	Borrowers do not list those Governmental Approvals, consents, authorizations, filings or notices, the failure of which to obtain or make would not, individually or in the aggregate, reasonably be expected to adversely
affect Borrower’s business in any material respect, prevent or materially delay the consummation of the Acquisition, or result in any material liability to Borrowers. 

Acquired Contracts Requiring Consent by Contracting Party: The following contracts have been identified by Dover as requiring consent and/or notice.
However, such consent and/or notice is not required to consummate the Acquisition. 
  

	 	1.	Letter of Offer by and between DBS Trustee Limited (as trustee of Mapletree Industrial Trust) and Dover Asia Trading Private Limited, trading as Everett Charles Technologies, dated as of April 13, 2011, together
with the Terms of Lease and Acceptance Portion, dated as of May 12, 2011. 

  

	 	2.	Letter of Offer by and between DBS Trustee Limited (as trustee of Mapletree Industrial Trust) and Dover Asia Trading Private Limited, trading as Everett Charles Technologies, dated as of June 17, 2011, together
with the Terms of Lease and Acceptance Portion, dated as of July 19, 2011. 

  

	 	3.	Letter of Offer by and between DBS Trustee Limited (as trustee of Mapletree Industrial Trust) and Dover Asia Trading Private Limited, trading as Everett Charles Technologies, dated as of February 13, 2012, together
with the Terms of Lease and Acceptance Portion, dated as of February 28, 2012. 

  

	 	4.	Letter of Offer by and between Mapletree Trustee Pte. Ltd. (as trustee of Mapletree Industrial Trust), and Dover Asia Trading Private Limited, trading as Everett Charles Technologies, dated as of June 11, 2010.

  

	 	5.	Letter of Offer by and between HSBC Institutional Trust Services (Singapore) Limited (for and on behalf of Ascendas Real Estate Investment Trust), and Dover Global Trading Private Limited, trading as Multitest
Electronic Systems (Asia), dated as of October 25, 2012, together with the Acceptance of an Offer of Lease, dated as of December 6, 2012. 

  

	 	6.	Master Purchase Agreement by and between Multitest Electronic Systems GmbH and NXP Semiconductors Netherlands B.V., dated as of August 8, 2008. 

	 	7.	Supply Contract and Supplementary Agreement by and between Dover Global Trading PTE LTD, trading as Multitest Electronic Systems Asia, and TNT Express Worldwide (Singapore) PTE LTD, dated as of May 12, 2009, as
amended by the Supplementary Agreement, dated as of December 20, 2010, the Supplementary Agreement, dated as of January 30, 2012, and the Supplementary Agreement, dated as of December 13, 2012. 

 

	 	8.	Lease Agreement by and between CLPF—Cotton Center, L.P. and Dover Corporation (predecessor in interest to Everett Charles Technologies, Inc.), dated as of April 1, 2009, as amended by the First Amendment,
dated as of March 31, 2010, and the Second Amendment, dated as of March 29, 2012, with respect to the Phoenix Facility (as such term is defined below). 

  

	 	9.	Contract of Insurance by and between Everett Charles Technologies and/or Dover Asia Trading Pte. Ltd. and Tokio Marine Life Insurance Singapore Ltd., as renewed by the Renewal, dated as of May 23, 2012.

  

	 	10.	Development and Supply Agreement by and between atg Luther & Maelzer GmbH and alpha microelectronics gmbH, dated as of September 1, 2009. 

 

	 	11.	Master Supply Agreement by and between Everett Charles Technologies and Teradyne Inc., dated as of December 15, 2008. 

  

	 	12.	Outstanding customs payment guarantee of MYR 50,000 by MT Penang that is secured by its credit facility at The Royal Bank of Scotland (Berhad). 

 Schedule 4.5 

Requirements of Law 
 None. 

 Schedule 4.6 

Disclosed Matters 
 Renesas Electronics
Corporation, the successor in interest to NEC Electronics Corporation, v. LTX-Credence Corporation and Credence Systems K.K., Tokyo District Court; Tokyo Japan, Heisei 22 (2010) (wa) No. 11683. 

Mr. Long Kim Wing, a former employee of LTX-Credence Singapore Pte, Ltd. v. LTX-Credence Singapore Pte, Ltd., pre-litigation demand made
October 2, 2013, for S$479,506.50 (approximately $383,000), no suit filed to date. 
 Exceltek Electronics Technology (Dongguan) Co. Ltd. v. DTGS
Shenzhen Co. Ltd., Bao An Court, Bao An district, Shenzhen. Case number: No. 2024 ShenzhenBaoAnMin2Chu.(2013). 

 Schedule 4.15 

Subsidiaries 
 LTX-Credence
Corporation — Massachusetts 
  

							
	 Name of Subsidiary
	  	Jurisdiction of Organization or
Formation	  	Percentage of
Equity Interests
Owned	 
	 Credence Capital Corporation
	  	California	  	 	100	  
	 Credence International Limited, Inc.
	  	Delaware	  	 	100	  
	 Wholly owned subsidiaries:
	  	—	  	 	—  	  
	 Credence International Limited, Inc. – Taiwan Branch
	  	Taiwan	  	 	100	  
	 Credence Korea
	  	South Korea	  	 	100	  
	 Credence International Ltd.
	  	British Virgin Islands	  	 	100	  
	 Wholly owned subsidiaries:
	  	—	  	 	—  	  
	 Credence International Ltd. Malaysia Branch
	  	Malaysia	  	 	100	  
	 Credence International Ltd. Taiwan Branch
	  	Taiwan	  	 	100	  
	 Credence Malta Limited
	  	Malta	  	 	100	  
	 Everett Charles Technologies (Shenzhen) Limited
	  	China	  	 	100	  
	 LTX-Credence Singapore Pte. Ltd.
	  	Singapore	  	 	100	  
	 NPTest de Costa Rica SA
	  	Costa Rica	  	 	100	  
	 NPTest (Philippines) Inc.
	  	Philippines	  	 	100	  
	 Test Solutions (Suzhou) Co., Ltd.
	  	China	  	 	100	  
	 Credence Semiconductor Test Systems (Shanghai) Co., Ltd.
	  	China	  	 	100	  
	 Credence Systems (M) Sdn BhD
	  	Malaysia	  	 	100	  
	 Credence Systems (P), Inc.
	  	Philippines	  	 	100	  
	 Credence Systems (UK) Limited
	  	United Kingdom	  	 	100	  
	 Wholly owned subsidiary:
	  	—	  	 	—  	  
	 Credence Systems (UK) Limited – Belgian Branch
	  	Belgium	  	 	100	  
	 Everett Charles Technologies Board Test Manufacturing Limited Company
	  	Hungary	  	 	100	  
	 Everett Charles Technologies LLC
	  	Delaware	  	 	100	  
	 LTX Asia International, Inc.
	  	Delaware	  	 	100	  
	 Wholly owned subsidiaries:
	  	—	  	 	—  	  
	 LTX Asia International Inc. – Taiwan Branch
	  	Taiwan	  	 	100	  

							
	 LTX (Shanghai) Company Limited
	  	China	  	 	100	  
	 LTX-Credence Armenia L.L.C.
	  	Republic of Armenia	  	 	100	  
	 LTX-Credence (Deutschland) GmBH
	  	Germany	  	 	100	  
	 Wholly owned subsidiaries:
	  	—	  	 	—  	  
	 atg Luther & Maelzer GmbH
	  	Germany	  	 	100	  
	 Subsidiaries:
	  	—	  	 	—  	  
	 atg Luther & Maelzer Asia Ltd.
	  	Taiwan	  	 	100	  
	 Multitest GmbH
	  	Germany	  	 	100	  
	 Subsidiaries:
	  		  			
	 Multitest elektronische Systeme GmbH
	  	Germany	  	 	100	  
	 LTX-Credence France S.A.S.
	  	France	  	 	100	  
	 LTX-Credence Italia S.r.l
	  	Italy	  	 	100	  
	 LTX-Credence Sdn BhD.
	  	Malaysia 100	  	 	100	  
	 Wholly owned subsidiaries:
	  	—	  	 	—  	  
	 LTX Corporation Philippine Branch
	  	Philippines	  	 	100	  
	 Wholly owned subsidiary:
	  	—	  	 	—  	  
	 Multitest Electronic Systems (Philippines) Corporation
	  	Philippines	  	 	100	  
	 Multitest Electronic Systems (Penang) Sdn. Bhd.
	  	Malaysia	  	 	100	  
	 LTX-Credence Systems K.K.
	  	Japan	  	 	100	  
	 LTX LLC
	  	Delaware	  	 	100	  
	 Multitest Electronic Systems Inc.
	  	Delaware	  	 	100	  

 Everett Charles Technologies LLC—Delaware 

Subsidiaries: None. 

 Schedule 4.17 

Environmental Matters 
  

	1.	In May of 2012, the Los Angeles County Fire Department, Health and Hazardous Materials Division, conducted an inspection at the Pomona Facility. The inspection identified violations generally related to hazardous waste
accumulation, labeling, containment and record keeping. The Inspection Report required corrections of the identified violations by May 23, 2012. The Pomona Facility made such corrections and executed a Certification of Compliance on
May 31, 2012, which was then submitted to and accepted by the Los Angeles County Fire Department. 

  

	2.	In December of 2012, the Los Angeles County Certified Unified Program Agency issued a Past Due Notice, Consolidated Invoice (the “Notice”) to the Pomona Facility, which identified the permitting fees
for the Hazardous Materials Disclosure Program and Hazardous Waste Generator Program (Fiscal Year July 1, 2012 to June 30, 2013) as past due. The payment of $3,404.80 identified on the Notice, which included the permit fees and a penalty,
was paid to the Los Angeles County Fire Department on January 24, 2013. 

  

	3.	A Title 22 Inspection Report, dated as of August 29, 2012, for the property located at 3021 Kenneth Street, Santa Clara, California identified unsecured wires and hoses and the improper use of extension cords and
hoses in relation to the facility’s hazardous waste tank system. The facility has corrected each of these items. 

  

	4.	A limited Vapor Intrusion Screening Report dated September 4, 2013, for LTX-Credence Corporation by Vertex Environmental Industries, Inc., relating to the commercial buildings located at 3021 Kenneth Street and
1491 Space Park Drive, Santa Clara, California, addressed matters relating to: (i) a chlorinated solvent plume located beneath the Harbor Electronics facilities related to historic operations conducted by an unrelated party, Bourns, Inc.
(“Bourns”), and for which Bourns was reported as the responsible party; and (ii) low concentrations of metals in soils either reflecting background levels or below corresponding Environmental Screening Levels.

 Schedule 4.19(a) 

Required Lien Filings 
  

	1.	For LTX-Credence Corporation, file with the Secretary of the Commonwealth of the Commonwealth of Massachusetts. 

  

	2.	For Everett Charles Technologies LLC, file with the Secretary of State for the State of Delaware. 

  

	3.	For LTX-Credence Corporation and Everett Charles Technologies LLC, as applicable, file with the United States Patent and Trademark Office in Washington, D.C. 

 

	4.	For LTX-Credence Corporation and Everett Charles Technologies LLC, as applicable, file with the United States Copyright Office in Washington, D.C. 

 Schedule 6.10 

Securities Accounts 
 Securities Account
maintained with Merganser Capital Management, Inc. 

 Schedule 7.2(d) 

Existing Indebtedness 
  

	1.	Letter of Credit issued by Silicon Valley Bank in the amount of €183,950, for the benefit Deutsche Bank AG, at the account of atg L&M, to secure customer obligations and a rental deposit. 

 

	2.	Letter of Credit issued by Silicon Valley Bank in the amount of €20,000, for the benefit Deutsche Bank AG, at the account of Multitest elektronische Systems GmbH to secure customs payments. 

 

	3.	Bank guarantee issued by The Royal Bank of Scotland (Berhad) in the amount of MYR 50,000 at the account of Multitest Electronic Systems (Penang) Sdn. Bhd. to secure customs payments. 

 

	4.	Loan from NPTest de Costa Rica SA to LTX-Credence Corporation in the principal amount of $4,500,000.00. 

  

	5.	Intercompany Promissory Note issued by LTX-Credence (Deutschland) GmbH to LTX-Credence Corporation. 

  

	6.	Intercompany Promissory Note issued by Credence International Ltd. to LTX-Credence Corporation. 

  

	7.	Intercompany Promissory Note issued by LTX Credence Singapore Pte. Ltd to LTX-Credence Corporation. 

  

	8.	Intercompany Promissory Note issued by LTX-Credence Sdn BhD. to LTX-Credence Corporation. 

 Schedule 7.3(f) 

Existing Liens 
  

											
	 Debtor
	  	 Jurisdiction
	  	 UCC Filing No.
	  	 UCC Filing

Date
	  	 Secured Party
	  	 UCC Collateral

Description

	Credence Capital Corporation	  	CA	  	06-705888574	  	02/15/2006	  	Key Equipment Finance Inc.	  	(a) Contracts, (b) Equipment, (c) credit enhancements (d) all payments under the Contracts, (e) all Contract rights, (f) insurance payments against Customers and/or third parties, (g) all rights under Vendor Agreements with respect
to the Equipment; and all accounts, general intangibles, instruments and other rights to payment arising of the foregoing. The term “Assigned Interests” does not include any intellectual property
	Multitest Electronic Systems Inc.	  	DE	  	2011 1139032	  	03/28/2011	  	U.S. Bancorp Business Equipment Finance Group	  	Equipment
		  		  	2011 4437193	  	11/17/2011	  	U.S. Bancorp Equipment Finance, Inc.	  	Equipment
		  	CA	  	127310271680	  	04/24/2012	  	Avnet Electronics Marketing, A Group of Avnet, Inc.	  	All inventory shipped by Avnet
	Everett Charles Technologies LLC	  	DE	  	2011 2084625	  	06/01/2011	  	U.S. Bancorp Equipment Finance, Inc.	  	Equipment
		  		  	2011 2722828	  	07/14/2011	  	U.S. Bancorp Equipment Finance, Inc.	  	Equipment
	Everett Charles Technologies	  	AZ	  	2009-157-9946-9	  	05/1/2009	  	CLPF Cotton Center, LP	  	Rent. All trade and other fixtures and inventory, equipment, contract rights, accounts receivable and proceeds.

 Schedule 7.8 

Investments 
 ETZ Elektrisches Testzentrum fuer
Leiterplatten GmbH (15.38%) 
 FTZ Fraes-und Technologiezentrum GmbH Frasdorf (39%) 

See Schedule 7.2(d) items 6-9, and Schedule 4.15. 

 Schedule 7.11 

Transactions with Affiliates 
 None. 

 Schedule 7.15 

Negative Pledge Clauses 
 None. 

 Schedule 7.16 

Clauses Restricting Subsidiary Distributions 

None. 

 EXHIBIT A 

FORM OF GUARANTEE AND COLLATERAL AGREEMENT 

(Please see attached) 

  
 Exhibit A 

 Execution Version 
  

 
 GUARANTEE
AND COLLATERAL AGREEMENT 
 Dated as of November 27, 2013 

made by 
 LTX-CREDENCE
CORPORATION 
 AND 

EVERETT CHARLES TECHNOLOGIES LLC, 

as the Borrowers, 
 and the other
Grantors referred to herein, 
 in favor of 

SILICON VALLEY BANK, 

as Administrative Agent 
  

 

 TABLE OF CONTENTS 

 

							
	 	    	 	  	Page	 
			
	SECTION 1.	    	 DEFINED TERMS
	  	 	1	  
			
	 1.1
	    	 Definitions
	  	 	1	  
	 1.2
	    	 Other Definitional Provisions
	  	 	5	  
			
	SECTION 2.	    	 GUARANTEE
	  	 	5	  
			
	 2.1
	    	 Guarantee
	  	 	5	  
	 2.2
	    	 Right of Contribution
	  	 	6	  
	 2.3
	    	 No Subrogation
	  	 	6	  
	 2.4
	    	 Amendments, etc
	  	 	6	  
	 2.5
	    	 Guarantee Absolute and Unconditional; Guarantor Waivers; Guarantor Consents
	  	 	7	  
	 2.6
	    	 Reinstatement
	  	 	9	  
	 2.7
	    	 Payments
	  	 	9	  
			
	SECTION 3.	    	 GRANT OF SECURITY INTEREST
	  	 	9	  
			
	 3.1
	    	 Grant of Security Interests
	  	 	9	  
	 3.2
	    	 Grantors Remains Liable
	  	 	10	  
	 3.3
	    	 Perfection and Priority
	  	 	11	  
			
	 SECTION 4.
	    	 REPRESENTATIONS AND WARRANTIES
	  	 	12	  
			
	 4.1
	    	 Title; No Other Liens
	  	 	12	  
	 4.2
	    	 Perfected Liens
	  	 	13	  
	 4.3
	    	 Jurisdiction of Organization; Chief Executive Office and Locations of Books
	  	 	13	  
	 4.4
	    	 Inventory and Equipment
	  	 	13	  
	 4.5
	    	 Farm Products
	  	 	13	  
	 4.6
	    	 Pledged Collateral
	  	 	13	  
	 4.7
	    	 Investment Accounts
	  	 	14	  
	 4.8
	    	 Receivables
	  	 	14	  
	 4.9
	    	 Intellectual Property
	  	 	14	  
	 4.10
	    	 Instruments
	  	 	14	  
	 4.11
	    	 Letter of Credit Rights
	  	 	15	  
	 4.12
	    	 Commercial Tort Claims
	  	 	15	  
			
	SECTION 5.	    	 COVENANTS
	  	 	15	  
			
	 5.1
	    	 Delivery of Instruments, Certificated Securities and Chattel Paper
	  	 	15	  
	 5.2
	    	 Maintenance of Insurance
	  	 	15	  
	 5.3
	    	 Maintenance of Perfected Security Interest; Further Documentation
	  	 	15	  
	 5.4
	    	 Changes in Locations, Name, Etc
	  	 	16	  
	 5.5
	    	 Notices
	  	 	16	  
	 5.6
	    	 Instruments; Investment Property
	  	 	16	  
	 5.7
	    	 Securities Accounts; Deposit Accounts
	  	 	17	  
	 5.8
	    	 Intellectual Property
	  	 	18	  
	 5.9
	    	 Receivables
	  	 	19	  
	 5.10
	    	 Defense of Collateral
	  	 	19	  
	 5.11
	    	 Preservation of Collateral
	  	 	19	  

							
	 5.12
	    	 Compliance with Laws, Etc
	  	 	19	  
	 5.13
	    	 Location of Books and Chief Executive Office
	  	 	19	  
	 5.14
	    	 Location of Collateral
	  	 	19	  
	 5.15
	    	 Maintenance of Records
	  	 	19	  
	 5.16
	    	 Disposition of Collateral
	  	 	19	  
	 5.17
	    	 Liens
	  	 	19	  
	 5.18
	    	 Expenses
	  	 	19	  
	 5.19
	    	 Leased Premises; Collateral Held by Warehouseman, Bailee, Etc
	  	 	19	  
	 5.20
	    	 Chattel Paper
	  	 	20	  
	 5.21
	    	 Commercial Tort Claims
	  	 	20	  
	 5.22
	    	 Letter-of-Credit Rights
	  	 	20	  
	 5.23
	    	 Shareholder Agreements and Other Agreements
	  	 	20	  
			
	SECTION 6.	    	 REMEDIAL PROVISIONS
	  	 	20	  
			
	 6.1
	    	 Certain Matters Relating to Receivables
	  	 	20	  
	 6.2
	    	 Communications with Obligors; Grantors Remain Liable
	  	 	21	  
	 6.3
	    	 Investment Property
	  	 	21	  
	 6.4
	    	 Proceeds to be Turned Over To Administrative Agent
	  	 	22	  
	 6.5
	    	 Application of Proceeds
	  	 	23	  
	 6.6
	    	 Code and Other Remedies
	  	 	23	  
	 6.7
	    	 Registration Rights
	  	 	23	  
	 6.8
	    	 Intellectual Property License
	  	 	24	  
	 6.9
	    	 Deficiency
	  	 	24	  
			
	SECTION 7.	    	 THE ADMINISTRATIVE AGENT
	  	 	24	  
			
	 7.1
	    	 Administrative Agent’s Appointment as Attorney-in-Fact, etc
	  	 	25	  
	 7.2
	    	 Duty of Administrative Agent
	  	 	26	  
	 7.3
	    	 Authority of Administrative Agent
	  	 	26	  
			
	SECTION 8.	    	 MISCELLANEOUS
	  	 	27	  
			
	 8.1
	    	 Amendments in Writing
	  	 	27	  
	 8.2
	    	 Notices
	  	 	27	  
	 8.3
	    	 No Waiver by Course of Conduct; Cumulative Remedies
	  	 	27	  
	 8.4
	    	 Enforcement Expenses; Indemnification
	  	 	27	  
	 8.5
	    	 Successors and Assigns
	  	 	27	  
	 8.6
	    	 Set Off
	  	 	28	  
	 8.7
	    	 Counterparts
	  	 	28	  
	 8.8
	    	 Severability
	  	 	28	  
	 8.9
	    	 Section Headings
	  	 	28	  
	 8.10
	    	 Integration
	  	 	28	  
	 8.11
	    	 GOVERNING LAW
	  	 	28	  
	 8.12
	    	 Submission To Jurisdiction; Waivers
	  	 	28	  
	 8.13
	    	 Acknowledgements
	  	 	29	  
	 8.14
	    	 Additional Grantors
	  	 	29	  
	 8.15
	    	 Releases
	  	 	29	  
	 8.16
	    	 WAIVER OF JURY TRIAL
	  	 	30	  

			
	SCHEDULES
		
	Schedule 1	    	Notice Addresses
	 Schedule 2
	    	Investment Property
	 Schedule 3
	    	Perfection Matters
	 Schedule 4
	    	Jurisdictions of Organization and Chief Executive Offices, etc.
	 Schedule 5
	    	Equipment and Inventory Locations
	 Schedule 6
	    	Intellectual Property
	 Schedule 7
	    	Letter of Credit Rights
	 Schedule 8
	    	Commercial Tort Claims
	
	ANNEXES
		
	Annex 1	    	Form of Assumption Agreement
	Annex 2	    	Form of Pledge Supplement

 GUARANTEE AND COLLATERAL AGREEMENT 

This GUARANTEE AND COLLATERAL AGREEMENT (this “Agreement”), dated as of November 27, 2013 is made by each of the
signatories hereto (together with any other entity that may become a party hereto as provided herein, each a “Grantor” and, collectively, the “Grantors”), in favor of SILICON VALLEY BANK, as
administrative agent (together with its successors, in such capacity, the “Administrative Agent”) for the banks and other financial institutions or entities (each a “Lender” and, collectively, the
“Lenders”) from time to time parties to that certain Credit Agreement, dated as of the date hereof (as amended, amended and restated, supplemented, restructured or otherwise modified, renewed or replaced from time to time,
the “Credit Agreement”), among LTX-CREDENCE CORPORATION, a Massachusetts corporation (the “LTX”), Everett Charles Technologies LLC, a Delaware limited liability company (“ECT”,
and together with LTX, each, a “Borrower” and collectively, the “Borrowers”), the Lenders party thereto and the Administrative Agent. 

INTRODUCTORY STATEMENTS 

WHEREAS, the Borrowers are members of an affiliated group of companies that includes each other Grantor; 

WHEREAS, the proceeds of the extensions of credit under the Credit Agreement will be used in part to enable the Borrowers to make valuable
transfers to one or more of the other Grantors in connection with the operation of their respective business; 
 WHEREAS, certain of the
Qualified Counterparties may enter into Specified Swap Agreements with the Borrowers; 
 WHEREAS, the Borrowers and the other Grantors are
engaged in related businesses, and each Grantor derives substantial direct and indirect benefit from the extensions of credit under the Credit Agreement and from the Specified Swap Agreements; and 

WHEREAS, it is a condition precedent to the Closing Date that the Grantors shall have executed and executed and delivered this Agreement in
favor of the Administrative Agent for the ratable benefit of the Secured Parties. 
 NOW, THEREFORE, in consideration of the above premises,
the parties hereto hereby agree as follows: 
 SECTION 1. Defined Terms. 

1.1 Definitions. 
 (a)
Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the respective meanings given to such terms in the Credit Agreement, and the following terms are used herein as defined in the UCC: Account,
Certificated Security, Chattel Paper, Commercial Tort Claim, Commodity Account, Document, Equipment, Farm Products, Fixtures, General Intangible, Goods, Instrument, Inventory, Letter-of-Credit Rights, Money, Securities Account and Supporting
Obligation. 

 (b) The following terms shall have the following meanings: 

“Agreement”: as defined in the preamble hereto. 

“Books”: all books, records and other written, electronic or other documentation in whatever form maintained now or
hereafter by or for any Grantor in connection with the ownership of its assets or the conduct of its business or evidencing or containing information relating to the Collateral, including: (a) ledgers; (b) records indicating, summarizing,
or evidencing such Grantor’s assets (including Inventory and Rights to Payment), business operations or financial condition; (c) computer programs and software; (d) computer discs, tapes, files, manuals, spreadsheets;
(e) computer printouts and output of whatever kind; (f) any other computer prepared or electronically stored, collected or reported information and equipment of any kind; and (g) any and all other rights now or hereafter arising out
of any contract or agreement between such Grantor and any service bureau, computer or data processing company or other Person charged with preparing or maintaining any of such Grantor’s books or records or with credit reporting, including with
regard to any of such Grantor’s Accounts. 
 “Borrower”: as defined in the preamble hereto. 

“Collateral”: as defined in Section 3.1. 

“Collateral Account”: any collateral account established by the Administrative Agent as provided in
Section 6.1 or 6.4. 
 “Commodity Exchange Act”: the Commodity Exchange Act (7 U.S.C. §
1 et seq.), as amended from time to time, and any successor statute. 
 “Copyright License”: any written agreement
which (a) names a Grantor as licensor or licensee (including those listed on Schedule 6), and (b) grants any right under any Copyright to a Grantor, including any rights to manufacture, distribute, exploit and sell materials derived
from any Copyright. 
 “Copyrights”: (a) all copyrights arising under the laws of the United States, any other
country or any political subdivision thereof, together with the underlying works of authorship (including titles), whether registered or unregistered and whether published or unpublished (including those listed on Schedule 6), all computer
programs, computer databases, computer program flow diagrams, source codes, object codes and all tangible property embodying or incorporating any copyrights, all registrations and recordings thereof, and all applications in connection therewith,
including, without limitation, all registrations, recordings and applications in the U.S. Copyright Office, and (b) the right to obtain any renewals thereof. 

“Deposit Account”: as defined in the Uniform Commercial Code of any applicable jurisdiction and, in any event,
including any demand, time, savings, passbook or like account maintained by a Grantor with a depositary institution. 

“Discharge of Obligations”: as defined in the Credit Agreement. 

“Excluded Accounts”: (i) Deposit Accounts used specifically and exclusively for payroll, payroll taxes and other
employee wage or benefit payments to or for a Loan Party’s employees, (ii) Deposit Accounts and Securities Accounts that are not maintained in the United States, (iii) Deposit Accounts and Securities Accounts exclusively holdings
funds and other property pledged as collateral to secure Indebtedness permitted under Section 7.2(f) of the Credit Agreement, to the extent permitted under the Credit Agreement, and (iv) LTX’s Deposit Account designated as a CIGNA
Account established for the purposes of payment of insurance claims so long as the average balance in any such account does not exceed $500,000 at any time, with amounts in excess thereof to be promptly transferred to a Controlled Account. 

 “Excluded Assets”: collectively, 

(a) Equipment and other fixed or capital assets owned by any Grantor on the date hereof or hereafter acquired that is subject to a Lien
securing a purchase money obligation or Capital Lease Obligation not prohibited by the terms of the Credit Agreement if the contract or other agreement pursuant to which such Lien is granted (or the documentation providing for such purchase money
obligation or Capital Lease Obligation) validly prohibits the creation of any other Lien on such Equipment or other assets and proceeds of such Equipment or other assets; 

(b) any leasehold interests of any Grantor; 

(c) Capital Stock of any Excluded Foreign Subsidiary (other than Capital Stock representing up to 66% of the total outstanding voting Capital
Stock of any Excluded Foreign Subsidiary that is a direct Subsidiary of a Grantor); and 
 (d) Excluded Accounts. 

provided, however, that any Proceeds, substitutions or replacements of any Excluded Assets shall not be Excluded Assets (unless such Proceeds,
substitutions or replacements are otherwise, in and of themselves, Excluded Assets). 
 “Excluded Swap
Obligation”: with respect to any Grantor, any obligation to pay or perform under any Specified Swap Agreement, if and to the extent that all or a portion of the guarantee of such Grantor of, or the grant by such Grantor of a
security interest to secure, such obligations under a Specified Swap Agreement (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the
application or official interpretation of any thereof) by virtue of such Grantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the
time the guarantee of such Grantor or the grant of such security interest becomes effective with respect to such obligations under a Specified Swap Agreement or such guarantee. If any obligation to pay or perform under any Specified Swap
Agreement arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such obligations under a Specified Swap Agreement that is attributable to swaps for which such guarantee or security interest
is or becomes illegal. 
 “Grantor”: as defined in the preamble hereto. 

“Guarantor”: as defined in Section 2.1(a). 

“Investment Account”: any of a Securities Account, a Commodity Account or a Deposit Account. 

“Investment Property”: the collective reference to (a) all “investment property” as such term is
defined in Section 9-102(a)(49) of the New York UCC (other than any voting Capital Stock or other ownership interests of an Excluded Foreign Subsidiary excluded from the definition of “Pledged Stock”), and (b) whether or not
constituting “investment property” as so defined, all Pledged Notes and all Pledged Collateral. 

 “Issuer”: with respect to any Investment Property, the issuer of such
Investment Property. 
 “Patent License”: any written agreement which (a) names a Grantor as licensor or
licensee and (b) grants to such Grantor any right under a Patent, including the right to manufacture, use or sell any invention covered in whole or in part by such Patent, including any such agreements referred to on Schedule 6. 

“Patents”: (a) all letters patent of the United States, any other country or any political subdivision thereof,
all reissues and extensions thereof and all goodwill associated therewith, including, without limitation, any of the foregoing referred to on Schedule 6, (b) all applications for letters patent of the United States or any other country
and all divisions, continuations and continuations-in-part thereof, including, without limitation, any of the foregoing referred to on Schedule 6, and (c) all rights to obtain any reissues or extensions of the foregoing. 

“Pledged Collateral”: (a) any and all Pledged Stock; (b) all other Investment Property of any Grantor;
(c) all warrants, options or other rights entitling any Grantor to acquire any interest in Capital Stock or other securities of the direct or indirect Subsidiaries of such Grantor or of any other Person; (d) all Instruments; (e) all
securities, property, interest, dividends and other payments and distributions issued as an addition to, in redemption of, in renewal or exchange for, in substitution or upon conversion of, or otherwise on account of, any of the foregoing;
(f) all certificates and instruments now or hereafter representing or evidencing any of the foregoing; (g) all rights, interests and claims with respect to the foregoing, including under any and all related agreements, instruments and
other documents, and (h) all cash and non-cash proceeds of any of the foregoing, in each case whether presently existing or owned or hereafter arising or acquired and wherever located, and as from time to time received or receivable by, or
otherwise paid or distributed to or acquired by, any Grantor; provided that in no event shall Pledged Collateral include any Excluded Assets. 

“Pledged Collateral Agreements”: as defined in Section 5.23. 

“Pledged Notes”: all promissory notes listed on Schedule 2 and all other promissory notes issued to or held by
any Grantor. 
 “Pledged Stock”: all of the issued and outstanding shares of Capital Stock, whether certificated or
uncertificated, of any Grantor’s direct Subsidiaries now or hereafter owned by any such Grantor and including the Capital Stock listed on Schedule 2 hereof (as amended or supplemented from time to time); provided that in no
event shall Pledged Stock include any Excluded Assets. 
 “Proceeds”: all “proceeds” as such term is
defined in Section 9-102(a)(64) of the UCC and, in any event, shall include, without limitation, all dividends or other income from any Investment Property constituting Collateral and all collections thereon or distributions or payments with
respect thereto. 
 “Receivable”: any right to payment for goods sold or leased or for services rendered, whether or
not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including any Account). 

“Rights to Payment”: any and all of any Grantor’s Accounts and any and all of any Grantor’s rights and
claims to the payment or receipt of money or other forms of consideration of any kind in, to and under or with respect to its Chattel Paper, Documents, General Intangibles, Instruments, Investment Property, Letter-of-Credit Rights, Proceeds and
Supporting Obligations. 

 “Secured Obligations”: collectively, the
“Obligations”, as such term is defined in the Credit Agreement; provided, however, that “Secured Obligations” shall not include any Excluded Swap Obligation. 

“Secured Parties” means the Administrative Agent, the Issuing Lender, the Swing Line Lender, each Lender, any provider
of any Bank Services, and any Qualified Counterparty with whom any Borrower enters into a Specified Swap Agreement. 
 “Trademark
License”: any written agreement which (a) names a Grantor as licensor or licensee and (b) grants to such Grantor any right to use any Trademark, any such agreement referred to on Schedule 6. 

“Trademarks”: (a) all trademarks, trade names, corporate names, company names, business names, fictitious
business names, trade styles, service marks, logos, Internet domain names and other source or business identifiers, and all goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and
all applications in connection therewith, whether in the U.S. Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or any political subdivision thereof, or otherwise, and all
common-law rights related thereto, including, without limitation, any of the foregoing referred to on Schedule 6, and (b) the right to obtain all renewals thereof. 

1.2 Other Definitional Provisions. The rules of interpretation set forth in Section 1.2 of the Credit Agreement are by this
reference incorporated herein, mutatis mutandis, as if set forth herein in full. 
 SECTION 2. Guarantee. 

2.1 Guarantee. 
 (a) Each
Grantor, other than the Borrowers, who has executed this Agreement as of the date hereof, together with each Subsidiary of any Grantor who accedes to this Agreement as a Grantor after the date hereof pursuant to Section 6.13 of the Credit
Agreement (each a “Guarantor” and, collectively, the “Guarantors”), hereby, jointly and severally, unconditionally and irrevocably, guarantees to the Administrative Agent, for the ratable benefit of
the Secured Parties and their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by the Borrowers and the other Loan Parties when due (whether at the stated maturity, by acceleration or
otherwise) of the Secured Obligations. In furtherance of the foregoing, and without limiting the generality thereof, each Guarantor agrees as follows: 

(i) each Guarantor’s liability hereunder shall be the immediate, direct, and primary obligation of such Guarantor and shall not be
contingent upon the Administrative Agent’s or any Secured Party’s exercise or enforcement of any remedy it or they may have against any Borrower, any other Guarantor, any other Person, or all or any portion of the Collateral; and 

(ii) the Administrative Agent may enforce this guaranty notwithstanding the existence of any dispute between any of the Secured Parties and
any Borrower or any other Guarantor with respect to the existence of any Event of Default. 
 (b) Anything herein or in any other Loan
Document to the contrary notwithstanding, the maximum liability of each Guarantor hereunder and under the other Loan Documents shall in no event exceed the amount which can be guaranteed by such Guarantor under applicable federal and state laws
relating to the insolvency of debtors (after giving effect to the right of contribution established in Section 2.2). 

 (c) Each Guarantor agrees that the Secured Obligations may at any time and from time to time
exceed the amount of the liability of such Guarantor hereunder without impairing the guarantee contained in this Section 2 or affecting the rights and remedies of the Administrative Agent or any other Secured Party hereunder. 

(d) The guarantee contained in this Section 2 shall remain in full force and effect until the Discharge of Obligations,
notwithstanding that from time to time during the term of the Credit Agreement the outstanding amount of the Secured Obligations may be zero. 

(e) No payment made by any Borrower, any Guarantor, any other guarantor or any other Person or received or collected by the Administrative
Agent or any other Secured Party from any Borrower, any Guarantor, any other guarantor or any other Person by virtue of any action or proceeding or any setoff or appropriation or application at any time or from time to time in reduction of or in
payment of the Secured Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made by such Guarantor in respect of the
Secured Obligations or any payment received or collected from such Guarantor in respect of the Secured Obligations), remain liable for the Secured Obligations up to the maximum liability of such Guarantor hereunder until the Discharge of
Obligations. 
 (f) Any term or provision of this Agreement or any other Loan Document to the contrary notwithstanding, the maximum
aggregate amount for which any Guarantor shall be liable hereunder shall not exceed the maximum amount for which such Guarantor can be liable without rendering this Agreement or any other Loan Document, as it relates to such Guarantor, subject to
avoidance under applicable Requirements of Law relating to fraudulent conveyance or fraudulent transfer (including the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act and Section 548 of Title 11 of the United States Code
or any applicable provisions of comparable Requirements of Law) (collectively, “Fraudulent Transfer Laws”). Any analysis of the provisions of this Agreement for purposes of Fraudulent Transfer Laws shall take into account the
right of contribution established in Section 2.2, and, for purposes of such analysis, give effect to any discharge of intercompany debt as a result of any payment made under the Agreement. 

2.2 Right of Contribution. If in connection with any payment made by any Guarantor hereunder any rights of contribution arise in favor
of such Guarantor against one or more other Guarantors, such rights of contribution shall be subject to the terms and conditions of Section 2.3. The provisions of this Section 2.2 shall in no respect limit the obligations and
liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder. 

2.3 No Subrogation. Notwithstanding any payment made by any Guarantor hereunder or any setoff or application of funds of any Guarantor
by the Administrative Agent or any other Secured Party, no Guarantor shall be entitled to be subrogated to any of the rights of the Administrative Agent or any other Secured Party against any Borrower or any other Guarantor or any Collateral or
guarantee or right of offset held by the Administrative Agent or any other Secured Party for the payment of the Secured Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from any Borrower or any other
Guarantor in respect of payments made by such Guarantor hereunder, in each case, until the Discharge of Obligations. If any amount shall be paid to any Guarantor on account of such 

 
subrogation rights at any time prior to the Discharge of Obligations, such amount shall be held by such Guarantor in trust for the Administrative Agent and the other Secured Parties, shall be
segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Administrative Agent in the exact form received by such Guarantor (duly indorsed by such Guarantor to the Administrative Agent,
if required), to be applied in such order as set forth in Section 6.5 hereof irrespective of the occurrence or the continuance of any Event of Default. 

2.4 Amendments, etc. with respect to the Secured Obligations. Each Guarantor shall remain obligated hereunder notwithstanding that,
without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, any demand for payment of any of the Secured Obligations made by the Administrative Agent or any other Secured Party may be rescinded
by the Administrative Agent or such Secured Party and any of the Secured Obligations continued, and the Secured Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right
of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by the Administrative Agent or any other Secured Party, and the Credit
Agreement, the other Loan Documents, the Bank Services Agreements, the Specified Swap Agreements, and any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in whole or in part, as
the Administrative Agent (or the Required Lenders or all of the Lenders, as the case may be) may deem advisable from time to time, and any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other
Secured Party for the payment of the Secured Obligations may be sold, exchanged, waived, surrendered or released. Neither the Administrative Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien
at any time held by it as security for the Secured Obligations or for the guarantee contained in this Section 2 or any property subject thereto. 

2.5 Guarantee Absolute and Unconditional; Guarantor Waivers; Guarantor Consents. Each Guarantor waives any and all notice of the
creation, renewal, extension or accrual of any of the Secured Obligations and notice of or proof of reliance by the Administrative Agent or any other Secured Party upon the guarantee contained in this Section 2 or acceptance of the
guarantee contained in this Section 2; the Secured Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained
in this Section 2; and all dealings between any Borrower and any of the Guarantors on the one hand, and the Administrative Agent and the other Secured Parties, on the other hand, likewise shall be conclusively presumed to have been had
or consummated in reliance upon the guarantee contained in this Section 2. Each Guarantor further waives: 
 (a) diligence,
presentment, protest, demand for payment and notice of default or nonpayment to or upon any Borrower or any of the other Guarantors with respect to the Secured Obligations; 

(b) any right to require any Secured Party to marshal assets in favor of any Borrower, such Guarantor, any other Guarantor or any other
Person, to proceed against any Borrower, any other Guarantor or any other Person, to proceed against or exhaust any of the Collateral, to give notice of the terms, time and place of any public or private sale of personal property security
constituting the Collateral or other collateral for the Secured Obligations or to comply with any other provisions of Section 9-611 of the UCC (or any equivalent provision of any other applicable law) or to pursue any other right, remedy, power
or privilege of any Secured Party whatsoever; 
 (c) the defense of the statute of limitations in any action hereunder or for the collection
or performance of the Secured Obligations; 

 (d) any defense arising by reason of any lack of corporate or other authority or any other
defense of any Borrower, such Guarantor or any other Person; 
 (e) any defense based upon the Administrative Agent’s or any Secured
Party’s errors or omissions in the administration of the Secured Obligations; 
 (f) any rights to set-offs and counterclaims; 

(g) any defense based upon an election of remedies (including, if available, an election to proceed by nonjudicial foreclosure) which destroys
or impairs the subrogation rights of such Guarantor or the right of such Guarantor to proceed against any Borrower or any other obligor of the Secured Obligations for reimbursement; and 

(h) without limiting the generality of the foregoing, to the fullest extent permitted by law, any defenses or benefits that may be derived
from or afforded by applicable law that limit the liability of or exonerate guarantors or sureties, or which may conflict with the terms of this Agreement. 

Each Guarantor understands and agrees that the guarantee contained in this Section 2 shall be construed as a continuing, absolute
and unconditional guarantee of payment without regard to (i) the validity or enforceability of the Credit Agreement or any other Loan Document, any of the Secured Obligations or any other collateral security therefor or guarantee or right of
offset with respect thereto at any time or from time to time held by the Administrative Agent or any other Secured Party, (ii) any defense, setoff or counterclaim (other than a defense of payment or performance) which may at any time be
available to or be asserted by any Borrower or any other Person against the Administrative Agent or any other Secured Party, (iii) any other circumstance whatsoever (with or without notice to or knowledge of any Borrower or such Guarantor)
which constitutes, or might be construed to constitute, an equitable or legal discharge of the Borrowers and the Guarantors for the Secured Obligations, or of such Guarantor under the guarantee contained in this Section 2, in bankruptcy
or in any other instance, (iv) any Insolvency Proceeding with respect to any Borrower, any Guarantor or any other Person, (v) any merger, acquisition, consolidation or change in structure of any Borrower, any Guarantor or any other Person,
or any sale, lease, transfer or other disposition of any or all of the assets or Voting Stock of any Borrower, any Guarantor or any other Person, (vi) any assignment or other transfer, in whole or in part, of any Secured Party’s interests
in and rights under this Guaranty or the other Loan Documents, including any Secured Party’s right to receive payment of the Secured Obligations, or any assignment or other transfer, in whole or in part, of any Secured Party’s interests in
and to any of the Collateral, (vi) any Secured Party’s vote, claim, distribution, election, acceptance, action or inaction in any Insolvency Proceeding related to any of the Secured Obligations, and (vii) any other guaranty, whether
by such Guarantor or any other Person, of all or any part of the Secured Obligations or any other indebtedness, obligations or liabilities of any Guarantor to any Secured Party. 

When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Guarantor, the Administrative Agent or
any other Secured Party may, but shall be under no obligation to make a similar demand on or otherwise pursue such rights and remedies as it may have against any Borrower, any other Guarantor or any other Person or against any collateral security or
guarantee for the Secured Obligations or any right of offset with respect thereto. Any failure by the Administrative Agent or any other Secured Party to make any such demand, to pursue such other rights or remedies or to collect any payments from
any Borrower, any other Guarantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of any Borrower, any other Guarantor or any other Person or any such
collateral security, guarantee or right of offset, shall not relieve any Guarantor of any obligation or liability hereunder, and shall not 

 
impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the Administrative Agent or any other Secured Party against any Guarantor. For the purposes
hereof “demand” shall include the commencement and continuance of any legal proceedings. 
 Each Guarantor further unconditionally
consents and agrees that, without notice to or further assent from any Guarantor: (a) the principal amount of the Secured Obligations may be increased or decreased and additional indebtedness or obligations of any Borrower or any other Persons
under the Loan Documents may be incurred, by one or more amendments, modifications, renewals or extensions of any Loan Document or otherwise in accordance with their respective terms; (b) the time, manner, place or terms of any payment under
any Loan Document may be extended or changed, including by an increase or decrease in the interest rate on any Secured Obligation or any fee or other amount payable under such Loan Document, by an amendment, modification or renewal of any Loan
Document or otherwise; (c) the time for any Borrower’s (or any other Loan Party’s) performance of or compliance with any term, covenant or agreement on its part to be performed or observed under any Loan Document may be extended, or
such performance or compliance waived, or failure in or departure from such performance or compliance consented to, all in such manner and upon such terms as the Administrative Agent may deem proper; (d) in addition to the Collateral, the
Secured Parties may take and hold other security (legal or equitable) of any kind, at any time, as collateral for the Secured Obligations, and may, from time to time, in whole or in part, exchange, sell, surrender, release, subordinate, modify,
waive, rescind, compromise or extend such security and may permit or consent to any such action or the result of any such action, and may apply such security and direct the order or manner of sale thereof; (e) any Secured Party may discharge or
release, in whole or in part, any other Guarantor or any other Loan Party or other Person liable for the payment and performance of all or any part of the Secured Obligations, and may permit or consent to any such action or any result of such
action, and shall not be obligated to demand or enforce payment upon any of the Collateral, nor shall any Secured Party be liable to any Guarantor for any failure to collect or enforce payment or performance of the Secured Obligations from any
Person or to realize upon the Collateral, and (f) the Secured Parties may request and accept other guaranties of the Secured Obligations and any other indebtedness, obligations or liabilities of any Borrower or any other Loan Party to any
Secured Party and may, from time to time, in whole or in part, surrender, release, subordinate, modify, waive, rescind, compromise or extend any such guaranty and may permit or consent to any such action or the result of any such action; in each
case (a) through (f), as the Secured Parties may deem advisable, and without impairing, abridging, releasing or affecting this Agreement. 

2.6 Reinstatement. The guarantee contained in this Section 2 shall continue to be effective, or be reinstated, as the case
may be, if at any time payment, or any part thereof, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by the Administrative Agent or any other Secured Party upon the insolvency, bankruptcy, dissolution,
liquidation or reorganization of any Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any Borrower or any such Guarantor or any substantial part of
its respective property, or otherwise, all as though such payments had not been made. 
 2.7 Payments. Each Guarantor hereby
guarantees that payments hereunder will be paid to the Administrative Agent without setoff or counterclaim in Dollars at the Funding Office. 

SECTION 3. GRANT OF SECURITY INTEREST 

3.1 Grant of Security Interests. Each Grantor hereby grants to the Administrative Agent, for the ratable benefit of the Secured
Parties, a security interest in all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest and wherever located
(collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations: 

(a) all Accounts; 

 (b) all Chattel Paper; 

(c) all Commercial Tort Claims, including all Commercial Tort Claims listed in Schedule 8 hereto; 

(d) all Deposit Accounts; 
 (e)
all Documents; 
 (f) all Equipment; 

(g) all Fixtures; 
 (h) all
General Intangibles; 
 (i) all Goods; 

(j) all Instruments; 
 (k) all
Intellectual Property; 
 (l) all Inventory; 

(m) all Investment Property (including all Pledged Collateral); 

(n) all Letter-of-Credit Rights; 

(o) all Money; 
 (p) all Books
and records pertaining to the Collateral 
 (q) all other property not otherwise described above; and 

(r) to the extent not otherwise included, all Proceeds, Supporting Obligations and products of any and all of the foregoing; provided,
however, that notwithstanding anything to the contrary contained in clauses (a) through (q) above, the security interests created by this Agreement shall not extend to, and the term “Collateral” (including all of the
individual items comprising Collateral) shall not include, any Excluded Assets. 
 Notwithstanding any of the other provisions set forth in
this Section 3, this Agreement shall not constitute a grant of a security interest in any Excluded Assets or any property to the extent that such grant of a security interest is prohibited by any Requirement of Law of a Governmental
Authority or constitutes a breach or default under or results in the termination of or requires any consent not obtained under, any contract, license, agreement, instrument or other document evidencing or giving rise to such property, except
(i) to the extent that the terms in such contract, license, instrument or other document providing for such prohibition, breach, default or termination, or requiring such consent are not permitted

 
under the terms and conditions of the Credit Agreement or (ii) to the extent that such Requirement of Law or the term in such contract, license, agreement, instrument or other document
providing for such prohibition, breach, default or termination or requiring such consent is ineffective under Section 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other
applicable law (including the Bankruptcy Code) or principles of equity; provided, however, that such security interest shall attach immediately at such time as such Requirement of Law is not effective or applicable, or such
prohibition, breach, default or termination is no longer applicable or is waived, and to the extent severable, shall attach immediately to any portion of the Collateral that does not result in such consequences; and provided, further,
that no United States intent-to-use trademark or service mark application shall be included in the Collateral to the extent that, and solely during the period in which, the grant of a security interest therein would impair the validity or
enforceability of such intent-to-use trademark or service mark application under Federal law. After such period, each Grantor acknowledges that such interest in such trademark or service mark application shall be subject to a security interest in
favor of the Administrative Agent and shall be included in the Collateral. 
 3.2 Grantors Remains Liable. Anything herein to the
contrary notwithstanding, (a) each Grantor shall remain liable under any contracts, agreements and other documents included in the Collateral, to the extent set forth therein, to perform all of its duties and obligations thereunder to the same
extent as if this Agreement had not been executed, (b) the exercise by the Administrative Agent of any of the rights granted to the Administrative Agent hereunder shall not release any Grantor from any of its duties or obligations under any
such contracts, agreements and other documents included in the Collateral, and (c) neither the Administrative Agent nor any other Secured Party shall have any obligation or liability under any such contracts, agreements and other documents
included in the Collateral by reason of this Agreement, nor shall the Administrative Agent or any other Secured Party be obligated to perform any of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce any
such contract, agreement or other document included in the Collateral hereunder. 
 3.3 Perfection and Priority. 

(a) Financing Statements. Pursuant to any applicable law, each Grantor authorizes the Administrative Agent (and its counsel and its
agents) to file or record at any time and from time to time any financing statements and other filing or recording documents or instruments with respect to the Collateral and each Grantor shall execute and deliver to the Administrative Agent and
each Grantor hereby authorizes the Administrative Agent (and its counsel and its agents) to file (with or without the signature of such Grantor) at any time and from time to time, all amendments to financing statements, continuation financing
statements, termination statements, security agreements relating to the Intellectual Property, assignments, fixture filings, affidavits, reports notices and all other documents and instruments, in such form and in such offices as the Administrative
Agent or the Required Lenders determine appropriate to perfect and continue perfected, maintain the priority of or provide notice of the Administrative Agent’s security interest in the Collateral under and to accomplish the purposes of this
Agreement. Each Grantor authorizes the Administrative Agent to use the collateral description “all personal property, whether now owned or hereafter acquired” or any other similar collateral description in any such financing statements.
Each Grantor hereby ratifies and authorizes the filing by the Administrative Agent (and its counsel and its agents) of any financing statement with respect to the Collateral made prior to the date hereof. 

(b) Filing of Financing Statements. Each Grantor shall deliver to the Administrative Agent, from time to time, such completed UCC-1 financing statements for filing or recording in the appropriate filing offices as may be reasonably requested by the Administrative Agent. 

 (c) Transfer of Security Interest Other Than by Delivery. If for any reason Pledged
Collateral comprised of certificated securities cannot be delivered to or for the account of the Administrative Agent as provided in Section 5.6(b), each applicable Grantor shall promptly take such other steps as may be necessary or as
shall be reasonably requested from time to time by the Administrative Agent to effect a transfer of a perfected first priority security interest in and pledge of such Pledged Collateral to the Administrative Agent for itself and on behalf of and for
the ratable benefit of the other Secured Parties pursuant to the UCC. To the extent practicable, each such Grantor shall thereafter deliver any such securities certificates representing Pledged Collateral to or for the account of the Administrative
Agent as provided in Section 5.6(b). 
 (d) Intellectual Property. (i) Each Grantor shall, in addition to executing
and delivering this Agreement, take such other action as may be necessary, or as the Administrative Agent may reasonably request, to perfect the Administrative Agent’s security interest in the Intellectual Property. (ii) No later than 45
days after the last day of the Fiscal Quarter during which any Grantor creates or otherwise acquires any Intellectual Property after the date hereof which is registered or becomes registered or the subject of an application for registration with the
U.S. Copyright Office or the U.S. Patent and Trademark Office, as applicable, such Grantor shall modify this Agreement by amending Schedule 6 to include any Intellectual Property which becomes part of the Collateral and which was not
included on Schedule 6 as of the date hereof (or as updated after the date hereof) and, if requested by the Agent, execute and deliver an amendment to this Agreement to be recorded with the U.S. Copyright Office or the U.S. Patent and
Trademark Office, as applicable, and take such other action as may be necessary, or as the Administrative Agent or the Required Lenders may reasonably request, to perfect the Administrative Agent’s security interest in such Intellectual
Property. 
 (e) Bailees. Any Person (other than the Administrative Agent) at any time and from time to time holding all or any
portion of the Collateral shall be deemed to, and shall, hold the Collateral as the agent of, and as pledge holder for, the Administrative Agent. The Grantors shall comply with the provisions of Section 6.12(e) of the Credit Agreement, to the
extent applicable. 
 (f) Control. Each Grantor will cooperate with the Administrative Agent in obtaining control (as defined in the
UCC) of Collateral consisting of any Deposit Accounts maintained in the United States (other than Excluded Accounts), Securities Account maintained by a Grantor in the United States (other than Excluded Accounts), Electronic Chattel Paper or
Letter-of-Credit Rights, including delivery of control agreements, as the Administrative Agent may reasonably request, to perfect and continue perfected, maintain the priority of or provide notice of the Administrative Agent’s security interest
in such Collateral, provided that at the applicable Grantor’s election, such control agreement shall provide that unless the Administrative Agent has delivered a notice of exclusive control or similar instruction under such control agreement,
the depositary or intermediary, as applicable, will comply with the instructions of the applicable Grantor. 
 (g) Additional
Subsidiaries. To the extent required pursuant to Section 6.12(c), in the event that any Grantor acquires rights in any Subsidiary after the date hereof, it shall deliver to the Administrative Agent a completed pledge supplement,
substantially in the form of Annex 2 (the “Pledge Supplement”), together with all schedules thereto, reflecting the pledge of the Capital Stock of such new Subsidiary (except to the extent such Capital Stock
consists of Excluded Assets). Notwithstanding the foregoing, it is understood and agreed that the security interest of the Administrative Agent shall attach to the Pledged Collateral related to such Subsidiary immediately upon any Grantor’s
acquisition of rights therein and shall not be affected by the failure of any Grantor to deliver a Pledge Supplement. 

 SECTION 4. REPRESENTATIONS AND WARRANTIES 

In addition to the representations and warranties of the Grantors set forth in the Credit Agreement, which are incorporated herein by this
reference, and to induce the Administrative Agent and the Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective extensions of credit to any Borrower thereunder (it being understood and agreed that the
conversion or continuation of Loans shall not be deemed to be an extension of credit for purposes of Section 4 hereof), each Grantor hereby represents and warrants to the Administrative Agent and each other Secured Party that: 

4.1 Title; No Other Liens. Except for the Liens permitted to exist on the Collateral by Section 7.3 of the Credit Agreement, such
Grantor owns each item of the Collateral in which a Lien is granted by it free and clear of any and all Liens. No financing statement, fixture filing or other public notice with respect to all or any part of the Collateral is on file or of record or
will be filed in any public office, except such as have been filed as permitted by the Credit Agreement. For the avoidance of doubt, it is understood and agreed that each Grantor may, as part of its business, grant licenses to third parties to use
Intellectual Property owned, developed or licensed by such Grantor. For purposes of this Agreement and the other Loan Documents, such licensing activity shall not constitute a “Lien” on such Intellectual Property. The Administrative Agent
and each other Secured Party understands that any such licenses may be exclusive to the applicable licensees, and such exclusivity provisions may limit the ability of the Administrative Agent to utilize, sell, lease or transfer the related
Intellectual Property or otherwise realize value from such Intellectual Property pursuant hereto. 
 4.2 Perfected Liens. The
security interests granted to the Administrative Agent pursuant to this Agreement (a) upon completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on
said Schedule, have been delivered to the Administrative Agent in completed and duly (if applicable) executed form) will constitute valid perfected security interests in all of the Collateral in favor of the Administrative Agent, for the ratable
benefit of the Secured Parties, as collateral security for the Secured Obligations, enforceable in accordance with the terms hereof against any creditors of any Grantor and any Persons purporting to purchase any Collateral from any Grantor, and
(ii) are prior to all other Liens on the Collateral in existence on the date hereof except for Liens permitted by the Credit Agreement which have priority over the Liens of the Administrative Agent on the Collateral (for the ratable benefit of
the Secured Parties) by operation of law, and, in the case of Collateral other than Pledged Collateral, Liens permitted by Section 7.3 of the Credit Agreement. Unless an Event of Default has occurred and is continuing, each Grantor has the
right to remove the Fixtures in which such Grantor has an interest within the meaning of Section 9-334(f)(2) of the UCC. 
 4.3
Jurisdiction of Organization; Chief Executive Office and Locations of Books. On the date hereof, such Grantor’s jurisdiction of organization, identification number from the jurisdiction of organization (if any), and the location of such
Grantor’s chief executive office or sole place of business, as the case may be, are specified on Schedule 4. On the date hereof, all locations where Books pertaining to the Rights to Payment of such Grantor are kept, including all
equipment necessary for accessing such Books and the names and addresses of all service bureaus, computer or data processing companies and other Persons keeping any Books or collecting Rights to Payment for such Grantor, are set forth in
Schedule 4. 
 4.4 Inventory and Equipment. On the date hereof (a) the Inventory and (b) the Equipment (other
than mobile goods) are kept at the locations listed on Schedule 5. 
 4.5 Farm Products. None of the Collateral
constitutes, or is the Proceeds of, Farm Products. 

 4.6 Pledged Collateral. (a) All of the Pledged Stock held by such Grantor has been
duly and validly issued, and is fully paid and non-assessable, subject in the case of Pledged Stock constituting partnership interests or limited liability company membership interests to future assessments required under applicable law and any
applicable partnership or operating agreement, (b) such Grantor is or, in the case of any such additional Pledged Collateral will be, the legal record and beneficial owner thereof, (c) in the case of Pledged Stock of a Subsidiary of such
Grantor or Pledged Collateral of such Grantor constituting Instruments issued by a Subsidiary of such Grantor, there are no restrictions on the transferability of such Pledged Collateral or such additional Pledged Collateral to the Administrative
Agent or with respect to the foreclosure, transfer or disposition thereof by the Administrative Agent, except as provided under applicable securities or “Blue Sky” laws, (d) the Pledged Stock pledged by such Grantor constitute all of
the issued and outstanding shares of Capital Stock of each Issuer owned by such Grantor (except for Excluded Assets), and such Grantor owns no securities convertible into or exchangeable for any shares of Capital Stock of any such Issuer that do not
constitute Pledged Stock hereunder, (e) any and all Pledged Collateral Agreements which affect in any material respect the voting or giving of written consents with respect to any of the Pledged Stock pledged by such Grantor have been disclosed
to the Administrative Agent, and (f) as to each such Pledged Collateral Agreement relating to the Pledged Stock pledged by such Grantor, (i) to the best knowledge of such Grantor, such Pledged Collateral Agreement contains the entire
agreement between the parties thereto with respect to the subject matter thereof and is in full force and effect in accordance with its terms, (ii) to the best knowledge of such Grantor party thereto, there exists no material violation or
material default under any such Pledged Collateral Agreement by such Grantor or the other parties thereto, and (iii) such Grantor has not knowingly waived or released any of its material rights under or otherwise consented to a material
departure from the terms and provisions of any such Pledged Collateral Agreement. 
 4.7 Investment Accounts. Schedule 2
sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest as of the date hereof. Except as disclosed to
the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent)
having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest (other than a Permitted Lien) in, any such Securities Account or Commodity Account or any securities or other property credited
thereto; 
 (a) Schedule 2 sets forth under the heading “Deposit Accounts” all of the Deposit Accounts in which such
Grantor has an interest as of the date hereof, and, except as otherwise disclosed to the Administrative Agent, such Grantor is the sole account holder of each such Deposit Account and such Grantor has not consented to, and is not otherwise aware of,
any Person (other than the Administrative Agent) having either sole dominion and control (within the meaning of common law) or “control” (within the meaning of Section 9-104 of the UCC) over, or any other interest (other than a
Permitted Lien) in, any such Deposit Account or any money or other property deposited therein; and 
 (b) In each case to the extent
requested by the Administrative Agent, such Grantor has taken all actions necessary or desirable to: (i) establish the Administrative Agent’s “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over any
Certificated Securities (as defined in Section 9-102 of the UCC) that comprise Collateral to the extent required by the Credit Agreement; (ii) establish the Administrative Agent’s “control” (within the meanings of Sections
8-106 and 9-106 of the UCC) over any portion of the Investment Accounts constituting Securities Accounts, Commodity Accounts, Securities Entitlements or Uncertificated Securities (each as defined in Section 9-102 of the UCC) in each case to the
extent such Securities Accounts, Commodity Accounts, Securities Entitlements or Uncertificated Securities comprise Collateral and such action is required by the Credit Agreement; 

 
(iii) establish the Administrative Agent’s “control” (within the meaning of Section 9-104 of the UCC) over all Deposit Accounts to the extent such Deposit Accounts
comprise Collateral and such action is required by the Credit Agreement; and (iii) deliver all Instruments (as defined in Section 9-102 of the UCC) to the Administrative Agent to the extent required hereunder. 

4.8 Receivables. No amount payable to such Grantor under or in connection with any Receivable or other Right to Payment is evidenced by
any Instrument (other than checks, drafts or other Instruments that will be promptly deposited in an Investment Account) or Chattel Paper, in any case in excess of $500,000, which has not been delivered to the Administrative Agent. As of the date
hereof, none of the account debtors or other obligors in respect of Receivables owed to any Grantor in excess of $1,000,000 in the aggregate is the government of the United States or any agency or instrumentality thereof. 

4.9 Intellectual Property. Schedule 6 lists all registrations and applications for Intellectual Property (including registered
Copyrights, Patents, Trademarks and all applications therefor), in each case owned by such Grantor in its own name on the date hereof. 

4.10 Instruments. (i) Such Grantor has not previously assigned any interest in any Instruments (including but not limited to the
Pledged Notes) held by such Grantor (other than such interests as have been or will be released on or before the date hereof), and (ii) no Person other than such Grantor owns an interest in such Instruments (whether as joint holders,
participants or otherwise). 
 4.11 Letter of Credit Rights. Such Grantor does not have any Letter-of-Credit Rights having a
potential value in excess of $250,000 except as set forth in Schedule 7 or as have been notified to the Administrative Agent in accordance with Section 5.22. 

4.12 Commercial Tort Claims. Such Grantor does not have any Commercial Tort Claims having a potential value in excess of $500,000
except as set forth in Schedule 8 or as have been notified to the Administrative Agent in accordance with Section 5.21. 

SECTION 5. COVENANTS 
 In
addition to the covenants of the Grantors set forth in the Credit Agreement, which are incorporated herein by this reference, each Grantor covenants and agrees with the Administrative Agent and the other Secured Parties that, from and after the date
of this Agreement until the Discharge of Obligations: 
 5.1 Delivery of Instruments, Certificated Securities and Chattel
Paper. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument (other than checks, drafts or other Instruments that will be promptly deposited in an Investment Account or any other
account permitted under the Loan Documents), Certificated Security or Chattel Paper evidencing an amount in excess of $500,000, such Instrument, Certificated Security or Chattel Paper shall be promptly delivered to the Administrative Agent, duly
indorsed in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Agreement. 
 5.2
Maintenance of Insurance. 
 (a) Such Grantor will maintain, with financially sound and reputable companies, insurance policies
(i) insuring the Inventory and Equipment against loss by fire, explosion, theft and such other casualties as may be reasonably satisfactory to the Administrative Agent and (ii) insuring such

 
Grantor, the Administrative Agent and the other Secured Parties against liability for personal injury and property damage relating to such Inventory and Equipment, such policies to be in such
form and amounts and having such coverage risks (but including in any event public liability, product liability and business interruption) as are usually insured against in the same general area by companies engaged in the same or a similar business
reasonably satisfactory to the Administrative Agent and the other Secured Parties. 
 (b) All such insurance shall (i) provide that no
cancellation, material reduction in amount or material change in coverage thereof shall be effective until at least 30 days after receipt by the Administrative Agent of written notice thereof (10 days for non-payment),(ii) name the Administrative
Agent as an additional insured party or loss payee, and (iii) be reasonably satisfactory in all other respects to the Administrative Agent. 

5.3 Maintenance of Perfected Security Interest; Further Documentation. 

(a) Such Grantor shall maintain the security interests of the Administrative Agent (for the benefit of the Secured Parties) created by this
Agreement as perfected security interests having at least the priority described in Section 4.2 and shall defend such security interests against the claims and demands of all Persons whomsoever, subject to Liens permitted under the
Credit Agreement and subject to the rights of such Grantor under the Loan Documents to use and dispose of the Collateral. 
 (b) Such
Grantor will furnish to the Administrative Agent from time to time statements and schedules further identifying and describing the assets and property of such Grantor and such other reports in connection therewith as the Administrative Agent may
reasonably request, all in reasonable detail. 
 (c) At any time and from time to time, upon the written request of the Administrative
Agent, and at the sole expense of such Grantor, such Grantor will promptly and duly execute and deliver, and have recorded, such further instruments and documents and take such further actions as the Administrative Agent may reasonably request for
the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein granted, including, without limitation, filing any financing or continuation statements under the Uniform Commercial Code (or other
similar laws) in effect in any jurisdiction with respect to the security interests created hereby. 
 5.4 Changes in Locations, Name,
Etc. Such Grantor will not, except upon 15 days’ (or such shorter period as may be agreed to by the Administrative Agent) prior written notice to the Administrative Agent and delivery to the Administrative Agent of (a) all additional
executed financing statements and other documents reasonably requested by the Administrative Agent to maintain the validity, perfection and priority of the security interests provided for herein, and (b) if applicable, a written supplement to
Schedule 4 showing the relevant new jurisdiction of organization, location of chief executive office or sole place of business, as appropriate: 

(i) change its jurisdiction of organization, identification number from the jurisdiction of organization (if any) or the location of its
chief executive office or sole place of business, as appropriate, from that referred to in Section 4.3; 
 (ii) change its
name; or 
 (iii) except as permitted in Section 5.14, locate any material portion of tangible Collateral in any state or other
jurisdiction other than those in which such Grantor operates as of the Closing Date. 

 5.5 Notices. Such Grantor will advise the Administrative Agent promptly, in reasonable
detail, of: 
 (a) any Lien (other than Liens permitted under Section 7.3 of the Credit Agreement) on any of the Collateral; and

 (b) the occurrence of any other event which could reasonably be expected to have a material adverse effect on the security interests
created hereby. 
 5.6 Instruments; Investment Property. 

(a) Upon the request of the Administrative Agent, such Grantor will (i) immediately deliver to the Administrative Agent, or an agent
designated by it, appropriately endorsed or accompanied by appropriate instruments of transfer or assignment, all Instruments, Documents, Chattel Paper and certificated securities with respect to any Investment Property (other than Excluded Assets)
held by such Grantor, all letters of credit of such Grantor, and all other Rights to Payment held by such Grantor at any time evidenced by promissory notes, trade acceptances or other instruments, in any case with a value in excess of $500,000, and
(ii) provide such notice, obtain such acknowledgments and take all such other action, with respect to any such Chattel Paper, Documents and Letter-of-Credit Rights held by such Grantor, as the Administrative Agent shall reasonably specify. 

(b) If such Grantor shall receive any certificate (including any certificate representing a dividend or a distribution in connection with any
reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization) in respect of the Capital Stock of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for,
any Pledged Collateral, or otherwise in respect thereof, in any case with a value in excess of $500,000, such Grantor shall accept the same as the agent of the Administrative Agent and the other Secured Parties, hold the same in trust for the
Administrative Agent and the other Secured Parties and deliver the same forthwith to the Administrative Agent in the exact form received, duly indorsed by such Grantor to the Administrative Agent, if required, together with an undated stock power
covering such certificate duly executed in blank by such Grantor and with, if the Administrative Agent so requests, signature guaranteed, to be held by the Administrative Agent, subject to the terms hereof, as additional collateral security for the
Secured Obligations; provided that in no event shall this Section 5.6(b) apply to any Excluded Assets. During the continuance of an Event of Default, any sums paid upon or in respect of the Investment Property upon the liquidation
or dissolution of any Issuer shall, unless otherwise subject to a perfected security interest in favor of the Administrative Agent, be paid over to the Administrative Agent to be held by it hereunder as additional collateral security for the Secured
Obligations, and in case any distribution of capital shall be made on or in respect of the Investment Property or any property shall be distributed upon or with respect to the Investment Property pursuant to the recapitalization or reclassification
of the capital of any Issuer or pursuant to the reorganization thereof, the property so distributed shall, unless otherwise subject to a perfected security interest in favor of the Administrative Agent, be delivered to the Administrative Agent to be
held by it hereunder as additional collateral security for the Secured Obligations. During the continuance of an Event of Default, if any sums of money or property so paid or distributed in respect of such Investment Property shall be received by
such Grantor, such Grantor shall, until such money or property is paid or delivered to the Administrative Agent, unless otherwise subject to a perfected security interest in favor of the Administrative Agent, hold such money or property in trust for
the Administrative Agent and the other Secured Parties, segregated from other funds of such Grantor, as additional collateral security for the Secured Obligations. 

 (c) In the case of any Grantor which is an Issuer, such Issuer agrees that (i) it will be
bound by the terms of this Agreement relating to the Capital Stock issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) it will notify the Administrative Agent promptly in writing of the occurrence of
any of the events described in Section 5.6(a) and (b) with respect to the Pledged Collateral issued by it and (iii) the terms of Sections 6.3(c) and 6.7 shall apply to it, mutatis mutandis, with
respect to all actions that may be required of it pursuant to Section 6.3(c) or 6.7 with respect to the Capital Stock issued by it. 

5.7 Securities Accounts; Deposit Accounts. 

(a) With respect to any Securities Account (other than Excluded Accounts), such Grantor shall cooperate with the Administrative Agent to cause
any applicable securities intermediary maintaining such Securities Account to show on its books that the Administrative Agent is the entitlement holder with respect to such Securities Account, and, if requested by the Administrative Agent, such
Grantor shall cooperate with the Administrative Agent to cause such securities intermediary to enter into an agreement in form and substance reasonably satisfactory to the Administrative Agent with respect to such Securities Account pursuant to
which such securities intermediary shall agree to comply with the Administrative Agent’s “entitlement orders” without further consent by such Grantor, as requested by the Administrative Agent (provided that, at the election of the
Grantor, such control agreement shall permit the Grantor to transfer funds and issue instructions unless the Administrative Agent has issued a notice of exclusive control or similar instruction during the occurrence of an Event of Default); and 

(b) with respect to any Deposit Account (other than Excluded Accounts), such Grantor shall (with respect to the Deposit Accounts subject to
Section 6.10 and Section 5.3 of the Credit Agreement, no later than the date specified therein) cooperate with the Administrative Agent to cause any applicable depositary institution maintaining such account to enter into an
agreement in form and substance reasonably satisfactory to the Administrative Agent pursuant to which the Administrative Agent shall be granted “control” (within the meaning of Section 9-104 of the UCC) over such Deposit Account
(provided that, at the election of the Grantor, such control agreement shall permit the Grantor to transfer funds and issue instructions unless the Administrative Agent has issued a notice of exclusive control or similar instruction during the
occurrence of an Event of Default). 
 (c) The Administrative Agent agrees that it will only communicate “entitlement orders” or
“notices of exclusive control” or similar instructions with respect to the Deposit Accounts and Securities Accounts of the Grantors after the occurrence and during the continuance of an Event of Default. 

(d) Such Grantor shall give the Administrative Agent prompt notice of the establishment of any new Deposit Account and of any new Securities
Account established by such Grantor with respect to any Investment Property held by such Grantor and update Schedule 2 as necessary to reflect such new Deposit Account or Securities Account. 

5.8 Intellectual Property. 

(a) Such Grantor (either itself or through licensees) will, except as would not reasonably be expected to result in a Material Adverse Effect
(i) continue to use each material Trademark in order to maintain such material Trademark in full force free from any claim of abandonment for non-use, (ii) maintain as in the past the quality of products and services offered under each
such material Trademark, (iii) use each such material Trademark with the appropriate notice of registration and all other notices and legends required by applicable Requirements of Law, (iv) not adopt or use any mark which is

 
confusingly similar or a colorable imitation of any such material Trademark unless the Administrative Agent, for the ratable benefit of the Secured Parties, shall obtain, to the extent available,
a perfected security interest in such mark pursuant to this Agreement, and (v) not (and not knowingly permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any such material Trademark may become
invalidated or impaired in any way. 
 (b) Such Grantor (either itself or through licensees) will not do any act, or omit to do any act,
whereby any material Patent may become forfeited, abandoned or dedicated to the public, except as would not reasonably be expected to result in a Material Adverse Effect. 

(c) Such Grantor (either itself or through licensees) will not (and will not permit any licensee or sublicensee thereof to) do any act or
knowingly omit to do any act whereby any such material Copyrights may become invalidated or otherwise impaired, except as would not reasonably be expected to result in a Material Adverse Effect. Such Grantor will not (either itself or through
licensees) do any act whereby any material portion of such Copyrights may fall into the public domain, except as would not reasonably be expected to result in a Material Adverse Effect. 

(d) Such Grantor (either itself or through licensees) will not do any act that knowingly uses any material Intellectual Property to infringe
the intellectual property rights of any other Person, except as would not reasonably be expected to result in a Material Adverse Effect. 

(e) Such Grantor will notify the Administrative Agent promptly if it knows that any application or registration relating to any material
Intellectual Property has become forfeited, abandoned or dedicated to the public, or of any material adverse determination or development (including, without limitation, the institution of, or any such determination or development in, any proceeding
in the United States Patent and Trademark Office, the United States Copyright Office or any court or tribunal in any country) regarding such Grantor’s ownership of, or the validity of, any material Intellectual Property or such Grantor’s
right to register the same or to own and maintain the same, in each case except as would not reasonably be expected to result in a Material Adverse Effect. 

(f) Whenever such Grantor, either by itself or through any agent, employee, licensee or designee, shall file an application for the
registration of any material Patent or Trademark with the U.S. Patent and Trademark Office, such Grantor shall report (i) the initial application to and (ii) the corresponding grant, if any, of such Patent or Trademark from the U.S. Patent
and Trademark Office to the Administrative Agent, each within 45 days after the last day of the fiscal quarter in which such filing or grant, as applicable, occurs. Whenever such Grantor, either by itself or through any agent, employee, licensee or
designee, shall file an application for the registration of any Copyright with the U.S. Copyright Office, such Grantor shall report the filing of the initial application to the Administrative Agent not later than 45 days after the last day of the
fiscal quarter in which such filing occurred. Upon request of the Administrative Agent, other than in respect of intent-to-use trademark or service mark applications, such Grantor shall execute and deliver, and have recorded, any and all agreements,
instruments, documents, and papers as the Administrative Agent may reasonably request to evidence the Administrative Agent’s and the other Secured Parties’ security interest in any Copyright, Patent or Trademark and the goodwill and
general intangibles of such Grantor relating thereto or represented thereby. 
 (g) Such Grantor will take all reasonable and necessary
steps, including, without limitation, in any proceeding before the U.S. Patent and Trademark Office, the U.S. Copyright Office or any similar office or agency in any other country or any political subdivision thereof, to maintain and pursue each
material application (and to obtain the relevant registration) and to maintain each registration of the material U.S. Intellectual Property, including filing of applications for renewal, affidavits of use and affidavits of incontestability, except
where the failure to do so would not reasonably be expected to result in a Material Adverse Effect. 

 (h) In the event that any material Intellectual Property is infringed, misappropriated or diluted
by a third party, such Grantor shall take such actions as such Grantor shall reasonably deem appropriate under the circumstances to protect such Intellectual Property, except as would not reasonably be expected to result in a Material Adverse
Effect. 
 5.9 Receivables. Other than in the ordinary course of business or consistent with its past practice, and except as would
not reasonably be expected to result in a Material Adverse Effect, such Grantor will not, (a) grant any extension of the time of payment of any Receivable, (b) compromise or settle any Receivable for less than the full amount thereof,
(c) release, wholly or partially, any Person liable for the payment of any Receivable, (d) allow any credit or discount whatsoever on any Receivable or (e) amend, supplement or modify any Receivable in any manner that could adversely
affect the value thereof. 
 5.10 [Reserved] 

5.11 Preservation of Collateral. Grantors will do and perform all reasonable acts that may be necessary and appropriate to maintain,
preserve and protect the Collateral, except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect. 

5.12 Compliance with Laws, Etc. Such Grantor will comply in all material respects with all laws, regulations and ordinances, and all
policies of insurance, relating in a material way to the possession, operation, maintenance and control of the Collateral, except where the failure to do so would not reasonably be expected to result in a Material Adverse Effect. 

5.13 [Reserved]. 
 5.14
Location of Collateral. Such Grantor will: (a) keep all material Collateral held by such Grantor and all Books pertaining to the Rights of Payment of such Grantor at the locations set forth in Schedule 5 or at such other
locations as may be disclosed in writing to the Administrative Agent pursuant to clause (b) and will not remove any such Collateral from such locations (other than in connection with sales of Inventory in the ordinary course of such
Grantor’s business, the movement of Collateral as part of such Grantor’s supply chain and in the ordinary course of such Grantor’s business, other dispositions permitted by Section 5.15 and Section 7.5 of the
Credit Agreement and movements of Collateral from one disclosed location to another disclosed location within the United States), except upon at least 10 days’ prior written notice of any removal to the Administrative Agent; and (b) give
the Administrative Agent at least 10 days’ prior written notice of any change in the locations set forth in Schedule 5. 

5.15 Maintenance of Records. Such Grantor will keep separate, accurate and complete Books with respect to Collateral held by such
Grantor, disclosing the Administrative Agent’s security interest hereunder. 
 5.16 Disposition of Collateral. Such Grantor will
not surrender or lose possession of (other than to the Administrative Agent), sell, lease, rent, or otherwise dispose of or transfer any of the Collateral held by such Grantor or any right or interest therein, except to the extent permitted by the
Loan Documents. 

 5.17 Liens. Such Grantor will keep the Collateral held by such Grantor free of all Liens
except Liens permitted under Section 7.3 of the Credit Agreement. 
 5.18 Expenses. Such Grantor will pay all expenses of
protecting, storing, warehousing, insuring, handling and shipping the Collateral held by such Grantor, to the extent the failure to pay any such expenses could reasonably be expected to materially and adversely affect the value of the Collateral.

 5.19 Leased Premises; Collateral Held by Warehouseman, Bailee, Etc. At the Administrative Agent’s request, such Grantor will
use commercially reasonable efforts to obtain from each Person from whom such Grantor leases any premises, and from each other Person at whose premises any Collateral held by such Grantor is at any time present (including any bailee, warehouseman or
similar Person), in each case where any Collateral in excess of $500,000 is maintained, any such collateral access, subordination, landlord waiver, bailment, consent and estoppel agreements as the Administrative Agent may require, in form and
substance reasonably satisfactory to the Administrative Agent. 
 5.20 Chattel Paper. Such Grantor will not create any Chattel Paper
in excess of $500,000 without placing a legend on such Chattel Paper acceptable to the Administrative Agent indicating that the Administrative Agent has a security interest in such Chattel Paper. Such Grantor will give the Administrative Agent
immediate notice if such Grantor at any time holds or acquires an interest in any Chattel Paper, including any Electronic Chattel Paper and shall comply, in all respects, with the provisions of Section 5.1 hereof. 

5.21 Commercial Tort Claims. Such Grantor will give the Administrative Agent prompt notice if such Grantor shall at any time hold or
acquire any Commercial Tort Claim with a potential value in excess of $500,000. 
 5.22 Letter-of-Credit Rights. Such Grantor will
give the Administrative Agent prompt notice if such Grantor shall at any time hold or acquire any Letter-of-Credit Rights with a potential value in excess of $500,000. 

5.23 Shareholder Agreements and Other Agreements. 

(a) Such Grantor shall comply with all of its obligations under any shareholders agreement, operating agreement, partnership agreement, voting
trust, proxy agreement or other similar agreement or understanding (collectively, the “Pledged Collateral Agreements”) to which it is a party and shall enforce all of its rights thereunder, except, with respect to any such
Pledged Collateral Agreement relating to any Pledged Collateral issued by a Person other than a Subsidiary of a Grantor, to the extent the failure to enforce any such rights could reasonably be expected to materially and adversely affect the value
of the Pledged Collateral to which any such Pledged Collateral Agreement relates. 
 (b) Such Grantor agrees that no Pledged Stock1 (i) shall be dealt in or traded on any securities exchange or in any securities market, (ii) shall constitute an investment company security, or (iii) shall be held by such Grantor in
a Securities Account. 
  

	1 	NTD: definition of “Pledged Stock” limited to stock of Grantor’s direct subs 

 SECTION 6. REMEDIAL PROVISIONS 

Each Grantor covenants and agrees with the Administrative Agent and the other Secured Parties that, from and after the date of this Agreement
until the Discharge of Obligations: 
 6.1 Certain Matters Relating to Receivables. 

(a) The Administrative Agent hereby authorizes each Grantor to collect such Grantor’s Receivables, and the Administrative Agent may
curtail or terminate said authority at any time after the occurrence and during the continuance of an Event of Default. If required by the Administrative Agent at any time after the occurrence and during the continuance of an Event of Default, any
payments of Receivables, when collected by any Grantor, (i) shall be forthwith (and, in any event, within two Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Administrative Agent if
required, in a Collateral Account over which the Administrative Agent has control, subject to withdrawal by the Administrative Agent for the account of the Secured Parties only as provided in Section 6.5, and (ii) until so turned
over, shall be held by such Grantor in trust for the Administrative Agent and the other Secured Parties, segregated from other funds of such Grantor. After the occurrence and during the continuance of an Event of Default, each such deposit of
Proceeds of Receivables shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in the deposit. 

(b) At the Administrative Agent’s request, after the occurrence of an Event of Default, each Grantor shall deliver to the Administrative
Agent all original and other documents evidencing, and relating to, the agreements and transactions which gave rise to the Receivables, including, without limitation, all original orders, invoices and shipping receipts. 

6.2 Communications with Obligors; Grantors Remain Liable. 

(a) The Administrative Agent in its own name or in the name of others may at any time after the occurrence and during the continuance of an
Event of Default communicate with obligors under the Receivables to verify with them to the Administrative Agent’s satisfaction the existence, amount and terms of any Receivables. 

(b) Upon the request of the Administrative Agent, at any time after the occurrence and during the continuance of an Event of Default, each
Grantor shall notify obligors on the Receivables that the Receivables have been assigned to the Administrative Agent for the ratable benefit of the Secured Parties and that payments in respect thereof shall be made directly to the Administrative
Agent. 
 (c) Anything herein to the contrary notwithstanding, each Grantor shall remain liable under each of the Receivables to observe and
perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise thereto. Neither the Administrative Agent nor any other Secured Party shall have any obligation
or liability under any Receivable (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by the Administrative Agent or any Lender of any payment relating thereto, nor shall the Administrative Agent nor
any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Receivable (or any agreement giving rise thereto), to make any payment, to make any inquiry as to the nature or the
sufficiency of any payment received by it or as to the sufficiency of any performance by any party thereunder, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been
assigned to it or to which it may be entitled at any time or times. 
 6.3 Investment Property. 

(a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given written notice to the
relevant Grantor of the Administrative 

 
Agent’s intent to exercise its corresponding rights pursuant to Section 6.3(b), each Grantor shall be permitted to receive all cash dividends paid in respect of the Pledged
Collateral and all payments made in respect of the Pledged Notes to the extent not prohibited by the Credit Agreement, and to exercise all voting and corporate or other organizational rights with respect to the Investment Property of such Grantor;
provided, however, that no vote shall be cast or corporate or other organizational right exercised or other action taken which, in the Administrative Agent’s reasonable discretion, would materially impair the Collateral or which
would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any other Loan Document. 

(b) If an Event of Default shall occur and be continuing and the Administrative Agent shall give notice of its intent to exercise such rights
to the relevant Grantor or Grantors, (i) the Administrative Agent shall have the right (A) to receive any and all cash dividends, payments or other Proceeds paid in respect of the Investment Property (including the Pledged Collateral) of
any or all of the Grantors and make application thereof to the Secured Obligations in the order set forth in Section 6.5, and (B) to exchange uncertificated Pledged Collateral for certificated Pledged Collateral and to exchange
certificated Pledged Collateral for certificates of larger or smaller denominations, for any purpose consistent with this Agreement (in each case to the extent such exchanges are permitted under the applicable Pledged Collateral Agreements or
otherwise agreed upon by the Issuer of such Pledged Collateral), and (ii) any and all of such Investment Property shall be registered in the name of the Administrative Agent or its nominee, and the Administrative Agent or its nominee may
thereafter exercise (x) all voting, corporate and other rights pertaining to such Investment Property at any meeting of shareholders of the relevant Issuer or Issuers or otherwise and (y) any and all rights of conversion, exchange and
subscription and any other rights, privileges or options pertaining to such Investment Property as if it were the absolute owner thereof (including, without limitation, the right to exchange at its discretion any and all of any such Investment
Property upon the merger, consolidation, reorganization, recapitalization or other fundamental change in the corporate or other organizational structure of any Issuer, or upon the exercise by any Grantor or the Administrative Agent of any right,
privilege or option pertaining to such Investment Property, and in connection therewith, the right to deposit and deliver any and all of such Investment Property with any committee, depositary, transfer agent, registrar or other designated agency
upon such terms and conditions as the Administrative Agent may determine), all without liability except to account for property actually received by it, but the Administrative Agent shall have no duty to any Grantor to exercise any such right,
privilege or option and shall not be responsible for any failure to do so or delay in so doing. 
 (c) Each Grantor hereby authorizes and
instructs each Issuer of any Pledged Collateral or Pledged Notes pledged by such Grantor hereunder to (i) comply with any instruction received by it from the Administrative Agent in writing that (x) states that an Event of Default has
occurred and is continuing and (y) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Grantor, and each Grantor agrees that each Issuer shall be fully protected in so complying, and
(ii) following the receipt of such an instruction, unless otherwise expressly permitted hereby, pay any dividends or other payments with respect to the Pledged Collateral or, as applicable, the Pledged Notes directly to the Administrative
Agent. 
 (d) If an Event of Default shall have occurred and be continuing, the Administrative Agent shall have the right to apply the
balance from any Deposit Account (other than Excluded Accounts) or instruct the bank at which any Deposit Account (other than Excluded Accounts) is maintained to pay the balance of any Deposit Account (other than Excluded Accounts) to or for the
benefit of the Administrative Agent. 

 6.4 Proceeds to be Turned Over To Administrative Agent. In addition to the rights of the
Administrative Agent and the other Secured Parties specified in Section 6.1 with respect to payments of Receivables, if an Event of Default shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks,
Cash Equivalents and other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the other Secured Parties, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such Grantor, be turned
over to the Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by the Administrative Agent hereunder during the occurrence of an Event of
Default shall be held by the Administrative Agent in a Collateral Account over which it maintains control, within the meaning of the UCC. All Proceeds while held by the Administrative Agent in a Collateral Account (or by such Grantor in trust for
the Administrative Agent and the other Secured Parties) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in Section 6.5. 

6.5 Application of Proceeds. If an Event of Default shall have occurred and be continuing, at any time at the Administrative
Agent’s election, the Administrative Agent may apply all or any part of Proceeds constituting Collateral, whether or not held in any Collateral Account, in payment of the Secured Obligations in accordance with Section 8.3 of the
Credit Agreement. 
 6.6 Code and Other Remedies. If an Event of Default shall occur and be continuing, the Administrative Agent, on
behalf of the Secured Parties, may exercise, in addition to all other rights and remedies granted to them in this Agreement and in any other instrument or agreement securing, evidencing or relating to the Secured Obligations, all rights and remedies
of a secured party under the UCC or any other applicable law. Without limiting the generality of the foregoing, the Administrative Agent, without demand of performance or other demand, presentment, protest, advertisement or notice of any kind
(except any notice required by law) to or upon any Grantor or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived), may if an Event of Default has occurred and is continuing, forthwith collect,
receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of
the foregoing), in one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of the Administrative Agent or any other Secured Party or elsewhere upon such terms and conditions as it may deem advisable and
at such prices as it may deem best, for cash or on credit or for future delivery without assumption of any credit risk. The Administrative Agent or any other Secured Party shall have the right upon any such public sale or sales, and, to the extent
permitted by law, upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in any Grantor, which right or equity is hereby waived and released. Each Grantor further
agrees, at the Administrative Agent’s request, to assemble the Collateral and make it available to the Administrative Agent at places which the Administrative Agent shall reasonably select, whether at such Grantor’s premises or elsewhere.
The Administrative Agent shall apply the net proceeds of any action taken by it pursuant to this Section 6.6, in accordance with the provisions of Section 6.5, only after deducting all reasonable costs and expenses of every
kind incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way relating to the Collateral or the rights of the Administrative Agent and the other Secured Parties hereunder, including, without
limitation, reasonable attorneys’ fees and disbursements, to the payment in whole or in part of the Secured Obligations, in such order as is contemplated by Section 8.3 of the Credit Agreement, and only after such application and after the
payment by the Administrative Agent of any other amount required by any provision of law, including Section 9615(a)(3) of the UCC, but only to the extent of the surplus, if any, owing to any Grantor. To the extent permitted by applicable law,
each Grantor waives all claims, damages and demands it may acquire against the Administrative Agent or any other Secured Party arising out of the exercise by any of them of 

 
any rights hereunder, except to the extent caused by the gross negligence or willful misconduct of the Administrative Agent or such Secured Party or their respective agents. If any notice of a
proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other disposition. 

6.7 Registration Rights. 

(a) If the Administrative Agent shall, while an Event of Default has occurred and is continuing, determine to exercise its right to sell any
or all of the Pledged Stock pursuant to Section 6.6, and if in the opinion of the Administrative Agent it is necessary or advisable to have the Pledged Stock, or that portion thereof to be sold, registered under the provisions of the
Securities Act, the relevant Grantor will use its best efforts to cause the Issuer thereof to (i) execute and deliver, and cause the directors and officers of such Issuer to execute and deliver, all such instruments and documents, and do or
cause to be done all such other acts as may be, in the opinion of the Administrative Agent, necessary or advisable to register the Pledged Stock, or that portion thereof to be sold, under the provisions of the Securities Act, (ii) use its best
efforts to cause the registration statement relating thereto to become effective and to remain effective for a period of one year from the date of the first public offering of the Pledged Stock, or that portion thereof to be sold, and
(iii) make all amendments thereto and/or to the related prospectus which, in the opinion of the Administrative Agent, are necessary or advisable, all in conformity with the requirements of the Securities Act and the rules and regulations of the
Securities and Exchange Commission applicable thereto. Each Grantor agrees to cause such Issuer to comply with the provisions of the securities or “Blue Sky” laws of any and all jurisdictions which the Administrative Agent shall designate
and to make available to its security holders, as soon as practicable, an earnings statement (which need not be audited) which will satisfy the provisions of Section 11(a) of the Securities Act. 

(b) Each Grantor recognizes that the Administrative Agent may be unable to effect a public sale of any or all the Pledged Stock, by reason of
certain prohibitions contained in the Securities Act and applicable state securities laws or otherwise, and may be compelled to resort to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree, among
other things, to acquire such securities for their own account for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees that any such private sale may result in prices and other terms less
favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner. Subject to its compliance with state securities laws
applicable to private sales, the Administrative Agent shall be under no obligation to delay a sale of any of the Pledged Stock for the period of time necessary to permit the Issuer thereof to register such securities for public sale under the
Securities Act, or under applicable state securities laws, even if such Issuer would agree to do so. 
 (c) Each Grantor agrees to use
commercially reasonable efforts to do or cause to be done all such other acts as may be necessary to make such sale or sales of all or any portion of the Pledged Stock pursuant to this Section 6.7 valid and binding and in compliance with
any applicable Requirement of Law. Each Grantor further agrees that a breach of any of the covenants contained in this Section 6.7 will cause irreparable injury to the Administrative Agent and the other Secured Parties, that the
Administrative Agent and the other Secured Parties have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section 6.7 shall be specifically enforceable against such
Grantor, and such Grantor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants except for a defense that no Event of Default has occurred under the Credit Agreement. 

 6.8 Intellectual Property License. Solely for the purpose of enabling the Administrative
Agent to exercise rights and remedies under this Section 6 and at such time when an Event of Default has occurred and is continuing or as the Administrative Agent shall be lawfully entitled to exercise such rights and remedies, each
Grantor hereby grants to the Administrative Agent, for the benefit of the Secured Parties, an irrevocable, non-exclusive, worldwide license (exercisable without payment of royalty or other compensation to such Grantor), subject, in the case of
Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of said Trademarks, to use, operate under, license, or sublicense any Intellectual Property now owned or hereafter acquired
by the Grantors in connection with such exercise of rights and remedies. 
 6.9 Deficiency. Each Grantor shall remain liable for any
deficiency if the proceeds of any sale or other disposition of the Collateral are insufficient to pay its Secured Obligations and the fees and disbursements of any attorneys employed by the Administrative Agent or any other Secured Party to collect
such deficiency. 
 SECTION 7. THE ADMINISTRATIVE AGENT 

Each Grantor covenants and agrees with the Administrative Agent and the other Secured Parties that: 

7.1 Administrative Agent’s Appointment as Attorney-in-Fact, etc. 

(a) Each Grantor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent thereof, with full power of
substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement,
when an Event of Default has occurred and is continuing, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Agreement, and, without
limiting the generality of the foregoing, each Grantor hereby gives the Administrative Agent the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of the following when an Event of Default has
occurred and is continuing: 
 (i) in the name of such Grantor or its own name, or otherwise, take possession of and indorse and collect
any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Receivable or with respect to any other Collateral and file any claim or take any other action or proceeding in any court of law or equity or
otherwise deemed appropriate by the Administrative Agent for the purpose of collecting any and all such moneys due under any Receivable or with respect to any other Collateral whenever payable; 

(ii) in the case of any Intellectual Property, execute and deliver, and have recorded, any and all agreements, instruments, documents and
papers as the Administrative Agent may request to evidence the Administrative Agent’s and the other Secured Parties’ security interest in such Intellectual Property and the goodwill and general intangibles of such Grantor relating thereto
or represented thereby; 

 (iii) pay or discharge taxes and Liens levied or placed on or threatened against the Collateral,
effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs thereof; 

(iv) execute, in connection with any sale provided for in Section 6.6 or 6.7, any endorsements, assignments or other
instruments of conveyance or transfer with respect to the Collateral; and 
 (v) (A) direct any party liable for any payment under any
of the Collateral to make payment of any and all moneys due or to become due thereunder directly to the Administrative Agent or as the Administrative Agent shall direct; (B) ask or demand for, collect, and receive payment of and receipt for,
any and all moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Collateral; (C) sign and indorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts
against debtors, assignments, verifications, notices and other documents in connection with any of the Collateral; (D) commence and prosecute any suits, actions or proceedings at law or in equity in any court of competent jurisdiction to
collect the Collateral or any portion thereof and to enforce any other right in respect of any Collateral, including, without limitation, to bring suits for any infringement or impairment of any of the Grantor’s Intellectual Property;
(E) defend any suit, action or proceeding brought against such Grantor with respect to any Collateral; (F) settle, compromise or adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as
the Administrative Agent may deem appropriate; (G) assign any Copyright, Patent or Trademark (along with the goodwill of the business to which any such Copyright, Patent or Trademark pertains), throughout the world for such term or terms, on
such conditions, and in such manner, as the Administrative Agent shall in its sole discretion determine; and (H) generally, sell, transfer, pledge and make any agreement with respect to or otherwise deal with any of the Collateral as fully and
completely as though the Administrative Agent were the absolute owner thereof for all purposes, and do, at the Administrative Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts and things which the
Administrative Agent deems necessary to protect, preserve or realize upon the Collateral and the Administrative Agent’s and the other Secured Parties’ security interests therein and to effect the intent of this Agreement, all as fully and
effectively as such Grantor might do. 
 Anything in this Section 7.1(a) to the contrary notwithstanding, the Administrative
Agent agrees that it will not exercise any rights under the power of attorney provided for in this Section 7.1(a) unless an Event of Default shall have occurred and be continuing. 

(b) If any Grantor fails to perform or comply with any of its agreements contained herein, the Administrative Agent, at its option, but
without any obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such agreement. 
 (c) The
expenses of the Administrative Agent incurred in connection with actions undertaken as provided in this Section 7.1, together with interest thereon at a rate per annum equal to the highest rate per annum at which interest would then be
payable on any category of past due ABR Loans under the Credit Agreement, from the date of payment by the Administrative Agent to the date reimbursed by the relevant Grantor, shall be payable by such Grantor to the Administrative Agent on demand.

 (d) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue hereof. All powers,
authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released. 

 7.2 Duty of Administrative Agent. The Administrative Agent’s sole duty with respect
to the custody, safekeeping and physical preservation of the Collateral in its possession, under Section 9-207 of the UCC or otherwise, shall be to deal with it in the same manner as the Administrative Agent deals with similar property for its
own account. Neither the Administrative Agent, any other Secured Party nor any of their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in
doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers
conferred on the Administrative Agent and the other Secured Parties hereunder are solely to protect the Administrative Agent’s and the other Secured Parties’ interests in the Collateral and shall not impose any duty upon the Administrative
Agent or any other Secured Party to exercise any such powers. The Administrative Agent and the other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor
any of their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct. 

7.3 Authority of Administrative Agent. Each Grantor acknowledges that the rights and responsibilities of the Administrative Agent under
this Agreement with respect to any action taken by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or
arising out of this Agreement shall, as between the Administrative Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between
the Administrative Agent and the Grantors, the Administrative Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any
obligation, or entitlement, to make any inquiry respecting such authority. 
 SECTION 8. MISCELLANEOUS 

8.1 Amendments in Writing. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified
except in accordance with Section 10.1 of the Credit Agreement. 
 8.2 Notices. All notices, requests and demands to or
upon the Administrative Agent or any Grantor hereunder shall be effected in the manner provided for in Section 10.2 of the Credit Agreement; provided that any such notice, request or demand to or upon any Guarantor shall be
addressed to such Guarantor at its notice address set forth on Schedule 1. 
 8.3 No Waiver by Course of Conduct; Cumulative
Remedies. Neither the Administrative Agent nor any other Secured Party shall by any act (except by a written instrument pursuant to Section 8.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy
hereunder or to have acquiesced in any Default or Event of Default, as applicable. No failure to exercise, nor any delay in exercising, on the part of the Administrative Agent or any other Secured Party, any right, power or privilege hereunder shall
operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Administrative Agent
or any other Secured Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy 

 
which the Administrative Agent or such other Secured Party would otherwise have on any future occasion. The rights and remedies herein provided are cumulative, may be exercised singly or
concurrently and are not exclusive of any other rights or remedies provided by law. 
 8.4 Enforcement Expenses; Indemnification.

 (a) Each Guarantor agrees to pay or reimburse the Administrative Agent and each other Secured Party for all its costs and expenses
incurred in collecting against such Guarantor under the guaranty contained in Section 2 of this Agreement or otherwise enforcing or preserving any rights under this Agreement and the other Loan Documents to which such Guarantor is a
party, including the fees and disbursements of counsel (including the allocated fees and expenses of in-house counsel) to the Administrative Agent and of counsel to each other Secured Party. 

(b) Each Guarantor agrees to pay, and to save the Administrative Agent and each other Secured Party harmless from, any and all liabilities
with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable with respect to any of the Collateral or in connection with any of the transactions contemplated
by this Agreement. 
 (c) Each Guarantor agrees to pay, and to save the Administrative Agent and each other Secured Party harmless from, any
and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this
Agreement to the extent the Borrowers would be required to do so pursuant to the Credit Agreement. 
 (d) The agreements in this
Section 8.4 shall survive repayment of the Secured Obligations and any other amounts payable under the Credit Agreement and the other Loan Documents. 

8.5 Successors and Assigns. This Agreement shall be binding upon the successors and assigns of each Grantor and shall inure to the
benefit of the Administrative Agent and each other Secured Party and their respective successors and assigns; provided that no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior
written consent of the Administrative Agent. 
 8.6 Set Off. Each Grantor hereby irrevocably authorizes the Administrative Agent and
each other Secured Party and any Affiliate thereof at any time and from time to time after the occurrence and during the continuance of an Event of Default, without notice to such Grantor or any other Grantor, any such notice being expressly waived
by each Grantor, to setoff and appropriate and apply any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or
indirect, absolute or contingent, matured or unmatured, at any time held or owing by the Administrative Agent or such Secured Party or such Affiliate to or for the credit or the account of such Grantor, or any part thereof in such amounts as the
Administrative Agent or such Secured Party may elect, against and on account of the Secured Obligations and liabilities of such Grantor to the Administrative Agent or such Secured Party hereunder and under the other Loan Documents and claims of
every nature and description of the Administrative Agent or such Secured Party against such Grantor, in any currency, whether arising hereunder, under the Credit Agreement, any other Loan Document or otherwise, as the Administrative Agent or such
Secured Party may elect, whether or not the Administrative Agent or any other Secured Party has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The rights of the Administrative Agent
and each other Secured Party under this Section 8.6 are in addition to other rights and remedies (including, without limitation, other rights of setoff) which the Administrative Agent or such other Secured Party may have. 

 8.7 Counterparts. This Agreement may be executed by one or more of the parties to this
Agreement on any number of separate counterparts (including by facsimile and/or electronic mail), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 

8.8 Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 8.9 Section Headings. The Section headings used in this Agreement are for
convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 

8.10 Integration. This Agreement and the other Loan Documents represent the agreement of the Grantors, the Administrative Agent
and the other Secured Parties with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any other Secured Party relative to subject matter hereof and
thereof not expressly set forth or referred to herein or in the other Loan Documents.  
 8.11 GOVERNING LAW. THIS
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 8.12
Submission to Jurisdiction; Waivers. Each Grantor hereby irrevocably and unconditionally: 
 (a) submits for itself and its property
in any legal action or proceeding relating to this Agreement and the other Loan Documents to which it is a party, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive
general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District of New York, and appellate courts from any thereof; 

(b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to
the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail
(or any substantially similar form of mail), postage prepaid, to such Grantor at its address referred to in Section 8.2 or at such other address of which the Administrative Agent shall have been notified pursuant thereto; 

(d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the
right to sue in any other jurisdiction; and 
 (e) waives, to the maximum extent not prohibited by law, any right it may have to claim or
recover in any legal action or proceeding referred to in this Section 8.12 any special, exemplary, punitive or consequential damages. 

 8.13 Acknowledgements. Each Grantor hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents to which it is a
party; 
 (b) neither the Administrative Agent nor any other Secured Party has any fiduciary relationship with or duty to any Grantor
arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Grantors, on the one hand, and the Administrative Agent and the other Secured Parties, on the other hand, in connection herewith
or therewith is solely that of debtor and creditor; and 
 (c) no joint venture is created hereby or by the other Loan Documents or
otherwise exists by virtue of the transactions contemplated hereby among any of the Secured Parties or among the Grantors and any of the Secured Parties. 

8.14 Additional Grantors. Each Subsidiary of a Grantor that is required to become a party to this Agreement pursuant to
Section 6.12 of the Credit Agreement shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex 1 hereto. 

8.15 Releases. 
 (a) Upon
the Discharge of Obligations, the Collateral shall be released from the Liens in favor of the Administrative Agent and the other Secured Parties created hereby, this Agreement shall terminate with respect to the Administrative Agent and the other
Secured Parties, and all obligations (other than those expressly stated to survive such termination) of each Grantor to the Administrative Agent or any other Secured Party hereunder shall terminate, all without delivery of any instrument or
performance of any act by any party. At the sole expense of any Grantor following any such termination, the Administrative Agent shall deliver such documents as such Grantor shall reasonably request to evidence such termination. 

(b) If any of the Collateral shall be sold, transferred or otherwise disposed of by any Grantor in a transaction permitted the Credit
Agreement, then the Administrative Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases or other documents reasonably necessary or desirable for the release of the Liens created
hereby on such Collateral, as applicable. At the request and sole expense of the Borrowers, a Guarantor shall be released from its obligations hereunder in the event that all the Capital Stock of such Guarantor shall be sold, transferred or
otherwise disposed of to a Person other than a Grantor in a transaction permitted by the Credit Agreement; provided that the Borrowers shall have delivered to the Administrative Agent, at least ten days, or such shorter period as the
Administrative Agent may agree, prior to the date of the proposed release, a written request for release identifying the relevant Guarantor and the terms of the sale or other disposition in reasonable detail, including the price thereof and any
expenses in connection therewith, together with a certification by the Borrowers stating that such transaction is in compliance with terms and provisions of the Credit Agreement and the other Loan Documents. 

 8.16 WAIVER OF JURY TRIAL. EACH GRANTOR AND THE ADMINISTRATIVE AGENT EACH HEREBY
IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN. WITHOUT INTENDING IN ANY WAY TO LIMIT ANY GRANTOR’S AGREEMENT TO WAIVE THEIR RESPECTIVE RIGHT TO
A TRIAL BY JURY, if the above waiver of the right to a trial by jury is not enforceable, each Grantor and the Administrative Agent agree that any and all disputes or controversies of any nature between them arising at any time shall be decided by a
reference to a private judge, mutually selected by the Grantors, the Administrative Agent and the Lenders (or, if they cannot agree, by the Presiding Judge of the Santa Clara County, California Superior Court) appointed in accordance with California
Code of Civil Procedure Section 638 (or pursuant to comparable provisions of federal law if the dispute falls within the exclusive jurisdiction of the federal courts), sitting without a jury, in Santa Clara County, California; and each Grantor
hereby submits to the jurisdiction of such court. The reference proceedings shall be conducted pursuant to and in accordance with the provisions of California Code of Civil Procedure §§ 638 through 645.1, inclusive. The private judge shall
have the power, among others, to grant provisional relief, including entering temporary restraining orders, issuing preliminary and permanent injunctions and appointing receivers. All such proceedings shall be closed to the public and confidential
and all records relating thereto shall be permanently sealed. If during the course of any dispute, a party desires to seek provisional relief, but a judge has not been appointed at that point pursuant to the judicial reference procedures, then such
party may apply to the Santa Clara County, California Superior Court for such relief. The proceeding before the private judge shall be conducted in the same manner as it would be before a court under the rules of evidence applicable to judicial
proceedings. Grantors shall be entitled to discovery which shall be conducted in the same manner as it would be before a court under the rules of discovery applicable to judicial proceedings. The private judge shall oversee discovery and may enforce
all discovery rules and orders applicable to judicial proceedings in the same manner as a trial court judge. Grantors agree that the selected or appointed private judge shall have the power to decide all issues in the action or proceeding, whether
of fact of law, and shall report a statement of decision thereon pursuant to the California Code of Civil Procedure § 644(a). Nothing in this paragraph shall limit the right of the Administrative Agent or any Lender at any time to exercise
self-help remedies, foreclose against collateral, or obtain provisional remedies. The private judge shall also determine all issues relating to the applicability, interpretation and enforceability of this paragraph. 

[remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee and Collateral Agreement to
be duly executed and delivered as of the date first above written. 
  

			
	GRANTORS:
	
	LTX-CREDENCE CORPORATION
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	EVERETT CHARLES TECHNOLOGIES LLC
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 
			
	ADMINISTRATIVE AGENT:
	
	SILICON VALLEY BANK
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 SCHEDULE 1 

NOTICE ADDRESSES OF GUARANTORS 

[Schedules provided separately] 
  

			
	 Guarantor
	  	 Notice Address

		  	

 SCHEDULE 2 

DESCRIPTION OF INVESTMENT PROPERTY 

Pledged Stock: 
  

									
	 Grantor
	  	 Issuer
	  	 Class of Capital Stock
	  	 Certificate No.
	  	 No. of Shares / Units

		  		  		  		  	

 Pledged Notes: 
  

									
	 Grantor
	  	 Issuer
	  	 Date of Issuance
	  	 Payee
	  	 Principal Amount

		  		  		  		  	

 Securities Accounts: 
  

							
	 Grantor
	  	 Securities Intermediary
	  	 Address
	  	 Account Number(s)

		  		  		  	

 Commodity Accounts: 
  

							
	 Grantor
	  	 Commodities Intermediary
	  	 Address
	  	 Account Number(s)

	 	  	 	  	 	  	 

 Deposit Accounts: 
  

							
	 Grantor
	  	 Depositary Bank
	  	 Address
	  	 Account Number(s)

		  		  		  	

 SCHEDULE 3 

FILINGS AND OTHER ACTIONS 

REQUIRED TO PERFECT SECURITY INTERESTS2 

Uniform Commercial Code Filings 
  

	1.	UCC Financing Statement naming LTX-Credence Corporation as “debtor” and the Administrative Agent as “secured party” to be filed with the Secretary of State of the State of Massachusetts.

  

	2.	UCC Financing Statement naming Everett Charles Technologies LLC as “debtor” and the Administrative Agent as “secured party” to be filed with the Secretary of State of the State of Delaware.

  

	[4.	UCC-3 Termination Statement to be filed with the Secretary of State of the State of [            ] for the purpose of terminating UCC-1 Financing Statement No.
[    ] filed by [            ] against [BORROWER].] 

  

	[5.	UCC-3 Termination Statement to be filed with the Secretary of State of the State of [            ] for the purpose of terminating UCC-1 Financing Statement No.
[    ] filed by [            ] against [GUARANTOR].] 

Copyright, Patent and Trademark Filings 

[                    ] 

Other Actions 
  

	1.	Execution and delivery of SVB Deposit Account Control Agreement 

  

	2.	Execution and delivery of Merganser Securities Account Control Agreement 

  

	2	Conform to the particulars of the transaction. 

 SCHEDULE 4 

LOCATION OF JURISDICTION OF ORGANIZATION, 

CHIEF EXECUTIVE OFFICE AND LOCATION OF BOOKS 
  

									
	 Grantor
	  	 Jurisdiction of

Organization
	  	 Organizational

Identification

Number
	  	 Location of Chief

Executive Office
	  	 Location of Books

		  		  		  		  	

 SCHEDULE 5 

LOCATIONS OF EQUIPMENT AND INVENTORY 
  

			
	 Grantor
	  	 Address Location

		  	

 SCHEDULE 6 

RIGHTS OF THE GRANTORS RELATING TO PATENTS 

Issued Patents of [NAME OF GRANTOR] 
  

									
	 Jurisdiction
	  	 Patent No.
	  	 Issue Date
	  	 Inventor
	  	 Title

		  		  		  		  	

 Pending Patent Applications of [NAME OF GRANTOR] 

 

									
	 Jurisdiction
	  	 Serial No.
	  	 Filing Date
	  	 Inventor
	  	 Title

		  		  		  		  	

 SECTION 6. Issued Patents and Pending Patent Applications Licensed to [NAME OF GRANTOR] 

[                    ] 

 RIGHTS OF THE GRANTORS RELATING TO TRADEMARKS 

Registered Trademarks of [NAME OF GRANTOR] 
  

											
	 Jurisdiction
	  	 Registration No.
	  	 Registration Date
	  	 Filing Date
	  	 Registered Owner
	  	 Mark

		  		  		  		  		  	

 Pending Trademark Applications of [NAME OF GRANTOR] 

 

									
	 Jurisdiction
	  	 Application No.
	  	 Filing Date
	  	 Applicant
	  	 Mark

		  		  		  		  	

 SECTION 7. Registered Trademarks and Pending Trademark Applications Licensed to [NAME OF GRANTOR]

 [                    ] 

 RIGHTS OF THE GRANTORS RELATING TO COPYRIGHTS 

Registered Copyrights of [NAME OF GRANTOR] 
  

							
	 Jurisdiction
	  	 Registration No.
	  	 Registration Date
	  	 Work of Authorship

		  		  		  	

 Pending Copyright Applications of [NAME OF GRANTOR] 

 

							
	 Jurisdiction
	  	 Application No.
	  	 Application Date
	  	 Work of Authorship

		  		  		  	

 SECTION 8. Registered Copyrights and Pending Copyright Applications Licensed to [NAME OF GRANTOR]

 [                    ] 

 SCHEDULE 7 

LETTER OF CREDIT RIGHTS 

 SCHEDULE 8 

COMMERCIAL TORT CLAIMS 

 ANNEX 1 TO 

GUARANTEE AND COLLATERAL AGREEMENT 

FORM OF 
 ASSUMPTION
AGREEMENT 
 This ASSUMPTION AGREEMENT, dated as of
[                    ], is executed and delivered by
[                                        ] (the
“Additional Grantor”), in favor of SILICON VALLEY BANK, as administrative agent (in such capacity, the “Administrative Agent”) for the banks and other financial institutions or entities (the
“Lenders”) from time to time parties to that certain Credit Agreement, dated as of November 27, 2013 (as amended, amended and restated, supplemented, restructured or otherwise modified, renewed or replaced from time to
time, the “Credit Agreement”), among LTX-CREDENCE CORPORATION, a Massachusetts corporation (the “LTX”), ECT, LLC, a Delaware limited liability company (“ECT”, and together with
LTX, each, a “Borrower” and collectively, the “Borrowers”), the Lenders party thereto and the Administrative Agent. All capitalized terms not defined herein shall have the respective meanings ascribed
to such terms in such Credit Agreement. 
 W I T N E S S E T H: 

WHEREAS, in connection with the Credit Agreement, the Borrowers and certain of their Affiliates (other than the Additional Grantor) have
entered into that certain Guarantee and Collateral Agreement, dated as of November 27, 2013 in favor of the Administrative Agent for the benefit of the Secured Parties defined therein (the “Guarantee and Collateral
Agreement”); 
 WHEREAS, the Borrowers are required, pursuant to Section 6.12 of the Credit Agreement to cause the
Additional Grantor to become a party to the Guarantee and Collateral Agreement in order to grant in favor of the Administrative Agent (for the ratable benefit of the Lenders) the Liens and security interests therein specified and provide its
guarantee of the Obligations as therein contemplated; and 
 WHEREAS, the Additional Grantor has agreed to execute and deliver this
Assumption Agreement in order to become a party to the Guarantee and Collateral Agreement; 
 NOW, THEREFORE, IT IS AGREED: 

1. Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided in
Section 8.14 of the Guarantee and Collateral Agreement, (a) hereby becomes a party to the Guarantee and Collateral Agreement as both a “Grantor” and a “Guarantor” thereunder with the same force and effect as if
originally named therein as a Grantor and a Guarantor and, without limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor and a Guarantor thereunder, and (b) hereby grants to the
Administrative Agent, for the benefit of the Secured Parties, as security for the Secured Obligations, a security interest in all of the Additional Grantor’s right, title and interest in any and to all Collateral of the Additional Grantor, in
each case whether now owned or hereafter acquired or in which the Additional Grantor now has or hereafter acquires an interest and wherever the same may be located, but subject in all respects to the terms, conditions and exclusions set forth in the
Guarantee and Collateral Agreement. The information set forth in Schedule 1 hereto is hereby added to the information set forth in the Schedules to the Guarantee and Collateral Agreement. The Additional Grantor hereby represents and warrants
that each of the representations and warranties contained in Section 4 of the Guarantee and Collateral Agreement (x) that is qualified by materiality is true and correct, and (y) that is not qualified by

 
materiality, is true and correct in all material respects, in each case, on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date (except to
the extent any such representation and warranty expressly relates to an earlier date). 
 2. Governing Law. THIS ASSUMPTION
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF CALIFORNIA. 
 3. Loan
Document. This Assumption Agreement shall constitute a Loan Document under the Credit Agreement. 
 IN WITNESS WHEREOF, the undersigned
has caused this Assumption Agreement to be duly executed and delivered as of the date first above written. 
  

					
	[ADDITIONAL GRANTOR]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 Schedule to 

Assumption Agreement 

Supplement to Schedule 1 

Supplement to Schedule 2 

Supplement to Schedule 3 

Supplement to Schedule 4 

Supplement to Schedule 5 

Supplement to Schedule 6 

Supplement to Schedule 7 

Supplement to Schedule 8 

 ANNEX 2 TO 

GUARANTEE AND COLLATERAL AGREEMENT 

FORM OF 
 PLEDGE
SUPPLEMENT 
  

					
	To:	  	Silicon Valley Bank, as Administrative Agent
			
	Re:	  	  
	  	[Borrower]
			
	Date:	  	  
	  	

 Ladies and Gentlemen: 

This Pledge Supplement (this “Pledge Supplement”) is made and delivered pursuant to Section 3.3(g) of that
certain Guarantee and Collateral Agreement, dated as of November 27, 2013 (as amended, modified, renewed or extended from time to time, the “Guarantee and Collateral Agreement”), among each Grantor party thereto (each a
“Grantor” and collectively, the “Grantors”), and Silicon Valley Bank (the “Administrative Agent”). All capitalized terms used in this Pledge Supplement and not otherwise defined
herein shall have the meanings assigned to them in either the Guarantee and Collateral Agreement or the Credit Agreement (as defined in the Guarantee and Collateral Agreement), as the context may require. 

The undersigned,
                                     [insert name of Grantor],
a                      [corporation, partnership, limited liability company, etc.], confirms and agrees that all Pledged Collateral of the
undersigned, including the property described on the supplemental schedule attached hereto, shall be and become part of the Pledged Collateral and shall secure all Secured Obligations. 

Schedule 2 to the Guarantee and Collateral Agreement is hereby amended by adding to such Schedule 2 the
information set forth in the supplement attached hereto.  
 This Pledge Supplement shall constitute a Loan Document under the Credit
Agreement. 
 THIS PLEDGE SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF CALIFORNIA. 

IN WITNESS WHEREOF, the undersigned has executed this Pledge Supplement, as of the date first above written. 

 

			
	[NAME OF APPLICABLE GRANTOR]
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 SUPPLEMENT TO ANNEX 2 

TO THE SECURITY AGREEMENT 
  

											
	 Name of Subsidiary
	  	Number of Units/Shares
Owned	  	Certificate(s) Numbers	  	Date Issued	  	Class or Type of Units
or Shares	  	Percentage of
Subsidiary’s
Total Equity
Interests Owned
		  		  		  		  		  	

  
 Exhibit B 

 EXHIBIT B 

FORM OF COMPLIANCE CERTIFICATE 

LTX-CREDENCE CORPORATION & EVERETT CHARLES TECHNOLOGIES LLC 

Date:                  , 20     

This Compliance Certificate is delivered pursuant to Section 6.2(b)(ii) of that certain Credit Agreement, dated as of
November 27, 2013, among LTX-CREDENCE CORPORATION, a Massachusetts corporation (“LTX”), EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (collectively with LTX, the “Borrower”), the
several banks and other financial institutions from time to time parties thereto (each a “Lender”, and collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing
Lender, and SVB, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) (as amended, restated, amended and restated, supplemented, restructured or otherwise modified from time to time, the
“Credit Agreement”). Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 

The undersigned, a duly authorized and acting Responsible Officer of the Borrower, hereby certifies, in his/her capacity as an officer of the
Borrower, and not in any personal capacity, as follows: 
 I have reviewed and am familiar with the contents of this Compliance Certificate.

 I have reviewed the terms of the Credit Agreement and the other Loan Documents and have made, or caused to be made under my supervision,
a review in reasonable detail of the transactions and condition of the Borrower and its Subsidiaries during the accounting period covered by the financial statements attached hereto as Attachment 1 (the “Financial
Statements”). Except as set forth on Attachment 2, such review did not disclose the existence at the end of the accounting period covered by the Financial Statements, and I have no knowledge of the existence as of the date of
this Compliance Certificate, of any condition or event which constitutes a Default or an Event of Default. 
 Attached hereto as
Attachment 3 are the computations showing compliance with the covenants set forth in [for compliance certificates provided with respect to quarterly and annual Financial Statements: Sections 7.1(a), (b) and (c)(i) of
the Credit Agreement,][for compliance certificates provided with respect to monthly Financial Statements where the Subject Month is not the end of a fiscal quarter: Section 7.1(c)(ii) of the Credit Agreement,] as of the as of the
Statement Date set forth in such Attachment 3. 
 [To the extent not previously disclosed to the Administrative Agent, a
description of any change in the jurisdiction of organization of any Loan Party.] 
 [To the extent not previously disclosed to the
Administrative Agent, an updated Schedule 6 to the Guarantee and Collateral Agreement, listing any registered patents, registered trademarks or registered copyrights issued to or acquired by any Loan Party since [the Closing Date][during the
most recent Fiscal Quarter].]3 
 [Remainder of page intentionally left blank;
signature page follows] 
  

	3	To be included in Compliance Reports delivered with respect to quarterly financials only. 

  
 Exhibit B 

 IN WITNESS WHEREOF, I have executed this Compliance Certificate as of the date first written
above. 
  

			
	LTX-CREDENCE CORPORATION
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	EVERETT CHARLES TECHNOLOGIES LLC
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  
 Exhibit B 

 Attachment 1 

to Compliance Certificate 
 [Attach
Financial Statements] 

  
 Attachment 1 

 Attachment 2 

to Compliance Certificate 
 Except
as set forth below, no Default or Event of Default has occurred. [If a Default or Event of Default has occurred, the following describes the nature of the Default or Event of Default in reasonable detail and the steps, if any, being taken or
contemplated by the Borrower to be taken on account thereof.] 

  
 Attachment 2 

 Attachment 3 

to Compliance Certificate 
 The
information described herein is as of [            ], [        ] (the “Statement Date”), and pertains to the Test Period or
Subject Period defined below. 
  

									
	I.	 	Section 7.1(a) — Consolidated Fixed Charge Coverage Ratio4
				
		 	A.	 	Consolidated EBITDA for the Subject Period:	  	
				
		 		 	(“Subject Period” means the four fiscal quarter period ending on the Statement Date)	  	
					
		 		 	1.	  	Consolidated Net Income for the Subject Period:	  	$            
					
		 		 	2.	  	Consolidated Interest Expense for the Subject Period:	  	$            
					
		 		 	3.	  	Provision for income taxes for the Subject Period:	  	$            
					
		 		 	4.	  	Depreciation expenses for the Subject Period:	  	$            
					
		 		 	5.	  	Amortization expenses for the Subject Period:	  	$            
					
		 		 	6.	  	Costs and expenses relating to the Acquisition and the transactions contemplated under the Loan Documents not in excess of $4,500,000 in the aggregate:	  	$            
					
		 		 	7.	  	Non-cash stock compensation expense:	  	$            
					
		 		 	8.	  	Non-cash foreign exchange losses:	  	$            
					
		 		 	9.	  	Other non-cash items reducing Consolidated Net Income (excluding any such non-cash item to the extent that it represents an accrual or reserve for potential cash items in any future period or amortization of a prepaid cash item that
was paid in a prior period):	  	$            
					
		 		 	10.	  	Other non-cash items increasing Consolidated Net Income for the Subject Period (excluding any such non-cash item to the extent it represents the reversal of an accrual or reserve for potential cash item in any prior period):	  	$            
					
		 		 	11.	  	Consolidated EBITDA for the Subject Period (Lines I.A.1+I.A.2+I.A.3+I.A.4+I.A.5+I.A.6+I.A.7+I.A.8+I.A.9 minus I.A.10):	  	$            
				
		 	B.	 	Portion of taxes based on income actually paid by the Borrower and its Subsidiaries in cash (net of any cash refunds received) during the Subject Period:	  	$            

  

	4	Consolidated Fixed Charge Coverage Ratio only tested as of the end of each Fiscal Quarter 

  
 Attachment 3 

									
		 	C.	 	Consolidated Capital Expenditures (excluding the principal amount funded with the Loans) for the Subject Period:	  	$            
				
		 	D.	 	Consolidated Fixed Charges for the Subject Period:	  	
					
		 		 	1.	  	Consolidated Interest Expense for the Subject Period:	  	$            
					
		 		 	2.	  	Scheduled payments made during the Subject Period by the Borrower and its Subsidiaries on account of principal of Indebtedness of the Borrower and its Subsidiaries (including scheduled principal payments in respect of the Term Loans
but excluding Loans under the Revolving Commitments to the extent the Borrower has the right to continue or convert such Loans pursuant to Section 2.13 of the Credit Agreement):5	  	$            
					
		 		 	3.	  	Consolidated Fixed Charges for the Subject Period(Lines I.C.1+I.C.2) (without duplication):	  	$            
				
		 	E.	 	Consolidated Fixed Charge Coverage Ratio for the Subject Period(ratio of Lines (I.A.11 minus I.B minus I.C.) to I.D.3):	  	         to 1
				
		 		 	Minimum required:	  	1.50 to 1
				
		 		 	Covenant compliance:              Yes   ̈    No   ̈	  	
			
	II.	 	Section 7.1(b) — Consolidated Leverage Ratio6	  	
				
		 	A.	 	Consolidated Senior Indebtedness as of the Statement Date:	  	$            
				
		 	B.	 	Consolidated EBITDA for the Subject Period (Line I.A.11):	  	$            
				
		 	C.	 	Consolidated Leverage Ratio (ratio of Line II.A to II.B):	  	         to 1
				
		 		 	Maximum permitted:	  	         to 1
				
		 		 	Covenant compliance:             Yes   ̈     No   ̈	  	

  

	5	For the first year following the Closing Date any calculation of Consolidated Fixed Charges shall be made for the period of time from the Closing Date through such date of calculation and annualized (x) with a
multiple of 4x for the period ending January 31, 2014, (y) with a multiple of 2x for the period ending April 30, 2014, and (z) with a multiple of 1.3x for the period ending July 31, 2014. 

	6	Consolidated Leverage Ratio only tested as of the end of each Fiscal Quarter 

  
 Attachment 3 

									
	III.	 	Section 7.1(c)(i) — Minimum Liquidity7	  	
				
		 	A.	 	Liquidity as of the Statement Date:	  	$            
				
		 	B.	 	Outstanding principal balance of the Loans and outstanding Letters of Credit as of the Statement Date:	  	$            
				
		 	C.	 	Ratio (ratio of Line III.A to III.B):	  	         to 1
				
		 		 	Minimum permitted:	  	         to 1
				
		 		 	Covenant
compliance:            Yes   ̈            No   ̈	  	
			
	IV.	 	Section 7.1(c)(ii) — Minimum Liquidity (to be tested monthly on the last day of each month (unless such month is a quarter end date for which the ratio set forth in Section 7.1(c)(i) is tested above))8	  	
				
		 	A.	 	Liquidity as of the Statement Date:	  	$            
				
		 	B.	 	Domestic Accounts Receivable as of the Statement Date multiplied by 60%:	  	$            
				
		 	C.	 	Outstanding principal balance of the Loans and outstanding Letters of Credit as of the Statement Date:	  	$            
				
		 	D.	 	Ratio (ratio of (Line IV.A+Line IV.B) to IV.C):	  	        to 1
				
		 		 	Minimum permitted:	  	        to 1
				
		 		 	Covenant
compliance:            Yes   ̈            No   ̈	  	

  

	7	Borrowers shall not be required to comply with Section 7.1(c)(i) at any time after the Consolidated Leverage Ratio has been less than 1.00:1.00 for two (2) consecutive quarters. 

	8	Borrowers shall not be required to comply with Section 7.1(c)(ii) at any time after the Consolidated Leverage Ratio has been less than 1.00:1.00 for two (2) consecutive quarters. 

  
 Attachment 3 

 EXHIBIT C 

FORM OF [SECRETARY’S][MANAGING MEMBER’S] CERTIFICATE 

[NAME OF APPLICABLE LOAN PARTY] 

This Certificate is delivered pursuant to Section 5.1(e) of that certain Credit Agreement, dated as of November 27, 2013,
among LTX-CREDENCE CORPORATION, a Massachusetts corporation (“LTX”), EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (collectively with LTX, the “Borrower”), the several banks and other
financial institutions from time to time parties thereto (each a “Lender”, and collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing Lender, and SVB as
administrative agent for the Lenders (in such capacity, the “Administrative Agent”) (as amended, restated, amended and restated, supplemented, restructured or otherwise modified from time to time, the “Credit
Agreement”). Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. The undersigned [Secretary][Managing Member] of [the Borrower][insert
the name of the certifying Loan Party, a [        ] [corporation][limited liability company], the “Certifying Loan Party”] hereby certifies as follows: 

1. I am the duly elected and qualified [Secretary][Managing Member] of [the Borrower][the Certifying Loan Party]. 

2. There are no liquidation or dissolution proceedings pending or, to my knowledge, threatened against [the Borrower][the
Certifying Loan Party], nor has any other event occurred which could be reasonably likely to materially adversely affect or threaten the continued [corporate][company] existence of [the Borrower][the Certifying Loan Party]. 

3. [The Borrower][The Certifying Loan Party] is a [corporation][limited liability company] duly [incorporated][organized],
validly existing and in good standing under the laws of the jurisdiction of its organization. 
 4. Attached hereto as
Annex 1 is a true and complete copy of the resolutions duly adopted by the Board of [Directors][Managers] of [the Borrower][the Certifying Loan Party] authorizing the execution, delivery and performance of the Loan Documents to which [the
Borrower][the Certifying Loan Party] is a party and all other agreements, documents and instruments to be executed, delivered and performed in connection therewith. Such resolutions have not in any way been amended, modified, revoked or rescinded,
and have been in full force and effect since their adoption up to and including the date hereof and are now in full force and effect. 

5. Attached hereto as Annex 2 is a true and complete copy of the [By-Laws][Operating Agreement] of [the Borrower][the
Certifying Loan Party] as amended to date and as in effect on the date hereof. 
 6. Attached hereto as Annex 3 is a
true and complete copy of the Certificate of [Incorporation][Formation] of [the Borrower][the Certifying Loan Party] as amended to date and as in effect on the date hereof, along with a long-form good-standing certificate for [the Borrower][the
Certifying Loan Party] from the jurisdiction of its organization. 
 7. Attached hereto as Annex 4 are certificates of
qualification as a foreign corporation of [the Borrower][the Certifying Loan Party] issued by each jurisdiction in which the 

  
 Exhibit C 

 
[the Borrower][the Certifying Loan Party] is required to be so qualified, except for any jurisdiction the failure to be so qualified would not reasonably be expected to result in a Material
Adverse Effect. 
 8. The following persons are now duly elected and qualified officers of [the Borrower][the Certifying Loan
Party] holding the offices indicated next to their respective names below, and the signatures appearing opposite their respective names below are the true and genuine signatures of such officers, and each of such officers, acting alone, is duly
authorized to execute and deliver on behalf of [the Borrower][the Certifying Loan Party] each of the Loan Documents to which it is a party and any certificate or other document to be delivered by [the Borrower][the Certifying Loan Party] pursuant to
the Loan Documents to which it is a party: 
  

					
	 Name
	 	 Office
	 	 Signature

			
	[                    ]	 	[                    ]	 	  

	[                    ]	 	[                    ]	 	  

	[                    ]	 	[                    ]	 	  

	[                    ]	 	[                    ]	 	  

 [Signature page follows] 

  
 Exhibit C 

 IN WITNESS WHEREOF, I have hereunto set my hand as of the date set forth below. 

 

			
	  

	Name:	 	  

	Title:	 	[Secretary][Managing Member]

 I, [            ], in my capacity as the
[            ] of [the Borrower][the Certifying Loan Party], do hereby certify in the name and on behalf of [the Borrower][the Certifying Loan Party] that
[            ] is the duly elected and qualified [Secretary][Managing Member] of [the Borrower][the Certifying Loan Party] and that the signature appearing above is [her][his] genuine
signature. 
  

							
	Date: [                    ]	 		 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

  
 Exhibit C 

 ANNEX 1 

RESOLUTIONS 

  
 Exhibit C 

 ANNEX 2 

[BY-LAWS][OPERATING AGREEMENT] 

  
 Exhibit C 

 ANNEX 3 

[CERTIFICATE OF INCORPORATION][CERTIFICATE OF FORMATION] 

AND 
 GOOD-STANDING
CERTIFICATE 

  
 Exhibit C 

 ANNEX 4 

CERTIFICATES OF FOREIGN QUALIFICATION 

  
 Exhibit C 

 EXHIBIT D 

FORM OF SOLVENCY CERTIFICATE 

[BORROWER NAME] 

Date:              , 20         

To the Administrative Agent, 
 and each of the Lenders party 

to the Credit Agreement referred to below: 
 This SOLVENCY
CERTIFICATE (this “Certificate”) is delivered pursuant to Section 5.1(o) of that certain Credit Agreement, dated as of November 27, 2013, among LTX-CREDENCE CORPORATION, a Massachusetts corporation
(“LTX”), EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (collectively with LTX, the “Borrower”), the several banks and other financial institutions from time to time parties thereto (each a
“Lender”, and collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing Lender, and SVB as administrative agent for the Lenders (in such capacity, the
“Administrative Agent”) (as amended, restated, amended and restated, supplemented, restructured or otherwise modified from time to time, the “Credit Agreement”). Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. The undersigned [Chief Financial Officer] of the Borrower, in such capacity only and not in her/his individual capacity, does hereby
certify on behalf of each Loan Party and their respective Subsidiaries as of the date hereof that: 
 1. For purposes of this Certificate, the terms below
shall have the following definitions: 
  

	 	(a)	“Fair Value” 

 The amount at which the assets (both tangible and intangible),
in their entirety, of the applicable Loan Party or Subsidiary thereof would change hands between a willing buyer and a willing seller, within a commercially reasonable period of time, each having reasonable knowledge of the relevant facts, with
neither being under any compulsion to act. 
  

	 	(b)	“Present Fair Salable Value” 

 The amount that could be obtained by an
independent willing seller from an independent willing buyer if the assets of the applicable Loan Party or Subsidiary thereof are sold with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable
business enterprises. 
  

	 	(c)	“Stated Liabilities” 

 The recorded liabilities (including contingent
liabilities that would be recorded in accordance with GAAP) of the applicable Loan Party or Subsidiary thereof as of the date hereof after giving effect to the Loans made by the Lenders on the Closing Date and the consummation of the Transactions,
determined in accordance with GAAP consistently applied. 

  
 Exhibit D 

	 	(d)	“Identified Contingent Liabilities” 

 The maximum estimated amount of
liabilities reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent or unliquidated liabilities of the applicable Loan Party or Subsidiary thereof after giving effect to
the Loans made by the Lenders on the Closing Date and the consummation of the Transactions (including all fees and expenses related thereto but exclusive of such contingent liabilities to the extent reflected in Stated Liabilities). 

 

	 	(e)	“will be able to pay its or their Stated Liabilities and Identified Contingent Liabilities as they mature or otherwise become payable” 

For the period from the date hereof through each of (i) the Revolving Termination Date, (ii) the Term Loan Maturity Date and
(iii) the Letter of Credit Maturity Date (and after giving effect to the Loans made by the Lenders on the Closing Date and the consummation of the Transactions), LTX and its consolidated Subsidiaries will have sufficient assets and cash flow to
pay its Stated Liabilities and Identified Contingent Liabilities as those liabilities mature. 
  

	 	(f)	“does not have Unreasonably Small Capital” 

 For the period from the date
hereof through each of (i) the Revolving Termination Date, (ii) the Term Loan Maturity Date and (iii) the Letter of Credit Maturity Date, after giving effect to the Loans made by the Lenders on the Funding Date and the
consummation of the Transactions and all Indebtedness (including Indebtedness incurred under the Credit Agreement) being incurred or assumed and Liens created by the Loan Parties in connection therewith, LTX and its consolidated Subsidiaries’
property is not an unreasonably small amount of capital with which to conduct business. 
 2. For purposes of this Certificate, the
undersigned has, or officers of the Loan Parties under the direction and supervision of the undersigned have, performed the following procedures as of and for the periods set forth below. 

 

	 	(a)	Reviewed the financial statements referred to in Section 5.1(c) of the Credit Agreement. 

  

	 	(b)	Made inquiries of certain officials of the Loan Parties who have responsibility for financial and accounting matters regarding (i) the existence and amount of Identified Contingent Liabilities associated with the
business of the Loan Parties and (ii) whether the Pro Forma Financial Statements were prepared in conformity with GAAP applied on a basis consistent with that of the Borrower’s audited financial statements as of July 31, 2013.

  

	 	(c)	Reviewed, to the satisfaction of the undersigned, the Loan Documents and the respective Schedules and Exhibits thereto and the Acquisition Documents and the respective schedules and exhibits thereto. 

  
 Exhibit D 

	 	(d)	With respect to Identified Contingent Liabilities: 

  

	 	1.	inquired of certain officials of the Loan Parties who have responsibility for legal, financial and accounting matters as to the existence and estimated liability with respect to all contingent liabilities associated
with the business of the Loan Parties; and 

  

	 	2.	confirmed with officers of the Loan Parties that, to the best of such officers’ knowledge, (i) all appropriate items were included in Stated Liabilities or Identified Contingent Liabilities and (ii) the
amounts relating thereto were the maximum estimated amount of liabilities reasonably likely to result therefrom as of the date hereof. 

  

	 	(e)	Made inquiries of certain officers of the Loan Parties who have responsibility for financial reporting and accounting matters regarding whether they were aware of any events or conditions that, as of the date hereof,
would cause any Loan Party or Subsidiary thereof, after giving effect to the Loans made by the Lenders on the Closing Date and the consummation of the Transactions, to (i) have assets with a Fair Value that is less than the sum of its Stated
Liabilities and Identified Contingent Liabilities; (ii) have assets with a Present Fair Salable Value that is less than the amount that will be required to pay its Stated Liabilities and Identified Contingent Liabilities as they become absolute
and matured; (iii) have Unreasonably Small Capital; or (iv) not be able to pay its or their respective Stated Liabilities and Identified Contingent Liabilities as they mature or otherwise become payable. 

 

	 	(f)	Have caused to be prepared the projections relating to the Loan Parties and their Subsidiaries, which have been previously delivered to the Administrative Agent and the Lenders, based on good faith estimates and
assumptions, and have re-examined such projections on the date hereof and considered the effect thereon of any changes since the date of the preparation thereof on the results projected therein. After such review, the undersigned hereby certifies
that in [his][her] opinion such projections are reasonable and attainable (it being recognized by the Lenders that such projections of future events are not to be viewed as facts and that actual results during the period or periods covered by any
such projections may differ from the projected results contained therein) and such projections support the conclusions contained in paragraph 3 below. 

3. Based on and subject to the foregoing, the undersigned Chief Financial Officer of LTX hereby certifies on behalf of each of the Loan
Parties that, on and as of the date hereof and after giving effect to the Loans made by the Lenders on the Closing Date and the consummation of the Transactions, the initial borrowings on the Closing Date and the application of the proceeds thereof,
it is my opinion that (i) the Fair Value of the assets of LTX and its consolidated Subsidiaries exceeds the aggregate amount of LTX’s and its consolidated Subsidiaries’ Stated Liabilities and Identified Contingent Liabilities;
(ii) the Present Fair Salable Value of the assets of LTX and its consolidated Subsidiaries will be greater than the amount that will be required to pay LTX’s and its consolidated Subsidiaries’ Stated Liabilities and Identified
Contingent Liabilities as they become absolute and matured; (iii) LTX and its consolidated Subsidiaries do not have Unreasonably Small Capital; and (iv) LTX and its consolidated Subsidiaries intend to and believe that they will be able to
pay their Stated Liabilities and Identified Contingent Liabilities as they mature or otherwise become payable. 

  
 Exhibit D 

 4. The Borrower does not intend, in receiving the Loans to be made on the Closing Date and
consummating the Transactions and the other transactions contemplated by the Loan Documents, to delay, hinder, or defraud either present or future creditors. 

(Signature page follows) 

  
 Exhibit D 

 I represent the foregoing information to be, to the best of my knowledge and belief, true and
correct and execute this Certificate as of the date first written above. 
  

			
	[By:	 	  

	Name:	 	  

	
	 as Chief Financial Officer of:

LTX-CREDENCE CORPORATION,
 a Massachusetts
corporation]

		
	[By:	 	  

	Name:	 	  

	
	 as Chief Financial Officer of:

EVERETT CHARLES TECHNOLOGIES LLC,
 a Delaware limited liability
company]

  
 Exhibit D 

 EXHIBIT E 

FORM OF ASSIGNMENT AND ASSUMPTION 

[BORROWER NAME] 
 This
Assignment and Assumption Agreement (the “Assignment Agreement”) is dated as of the Assignment Effective Date set forth below and is entered into by and between the Assignor identified in item 1 below (the
“Assignor”) and the Assignee identified in item 2 below (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below
(as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions
set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment Agreement as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Assignment Effective Date inserted by the Administrative Agent as contemplated below (i) all of the
Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of
such outstanding rights and obligations of the Assignor under the respective facilities identified below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the
Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or
in any way based on or related to any of the foregoing, including, 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 Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned
Interest”). Each such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment Agreement, without representation or warranty by the Assignor. 

 

							
	1.	    	Assignor:	  	  
	  	
				
		    		  	  
	  	
				
	2.	    	Assignee:	  	  
	  	
		
		    	[for Assignee, if applicable, indicate [Affiliate][Approved Fund] of [identify Lender]]
			
	3.	    	Borrower:	  	LTX-CREDENCE CORPORATION, a Massachusetts corporation, and EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company
			
	4.	    	Administrative Agent:	  	SILICON VALLEY BANK
			
	5.	    	Credit Agreement:	  	Credit Agreement, dated as of November 27, 2013, among LTX-CREDENCE CORPORATION, a Massachusetts corporation (“LTX”), EVERETT CHARLES TECHNOLOGIES LLC, a Delaware
limited

  
 Exhibit E 

							
		    		  	liability company (collectively with LTX, the “Borrower”), the several banks and other financial institutions from time to time parties thereto (each a “Lender”, and
collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing Lender, and SVB as administrative agent for the Lenders (in such capacity, the “Administrative
Agent”)

  

							
	6.	    	Assigned Interest[s]:	  	

  

																			
	 Assignor
	  	Assignee	  	Facility
Assigned1	  	Aggregate
Amount of
Commitment /
Loans for all
Lenders2	 	  	Amount of
Commitment /
Loans
Assigned3	 	  	Percentage
Assigned of
Commitment /
Loans4	 	 	CUSIP
Number
		  		  		  	$	 	  	  	$	 	  	  	 	    	% 	 	
		  		  		  	$	 	  	  	$	 	  	  	 	    	% 	 	
		  		  		  	$	 	  	  	$	 	  	  	 	    	% 	 	

  

							
	[7.	    	Trade Date:                     ]5

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

[Signature pages follow] 

 

	1	Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment Agreement (e.g. “Revolving Facility”, “Term Facility”, etc.)

	2	Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Assignment Effective Date.

	3	Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Assignment Effective Date.

	4 	Set forth, to at least 9 decimals, as a percentage of the applicable Commitment/Loans of all Lenders thereunder. 

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

  
 Exhibit E 

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

 

					
	ASSIGNOR1
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	ASSIGNEE2
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  

	1 	Add additional signature blocks as needed. 

	2 	Add additional signature blocks as needed. 

  
 Exhibit E 

			
	Consented to and Accepted:
	
	 SILICON VALLEY BANK,
 as
Administrative Agent

		
	By	 	  

		 	Name:
		 	Title:
		
	By	 	  

		 	Name:
		 	Title:
	
	[Consented to:]3
	
	[NAME OF RELEVANT PARTY]
		
	By	 	  

		 	Name:
		 	Title:
	
	[NAME OF RELEVANT PARTY]
		
	By	 	  

		 	Name:
		 	Title:

  

	3 	To be added only if the consent of the Borrower and/or other parties (e.g. Swingline Lender, Issuing Lender) is required by the terms of the Credit Agreement. 

  
 Exhibit E 

 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal
and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment Agreement 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 any Loan Party, any of
their respective Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by any Loan Party, any of their respective Subsidiaries or Affiliates or any other Person of any of
their respective obligations under any Loan Document or any other instrument or document furnished pursuant hereto or thereto. 
 1.2.
Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment Agreement 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 10.6(b) of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.6(b) of the
Credit Agreement), (iii) from and after the Assignment Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender
thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the person exercising discretion in making its decision to acquire the 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 6.1 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 Agreement and to purchase the 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 Agreement and
to purchase the Assigned Interest, and (vii) attached to the Assignment Agreement is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and
(b) agrees that (i) it will, independently and without reliance on any of the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit decisions in taking or not taking action under the Loan Documents and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender. 
 2. Payments. From and after the Assignment Effective Date, the Administrative Agent shall make all payments in respect of
the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Assignment Effective Date and to the Assignee for amounts which have accrued from and after
the Assignment Effective Date. 

  
 Exhibit E 

 3. General Provisions. This Assignment Agreement shall be binding upon, and inure to the
benefit of, the parties hereto and their respective successors and assigns. This Assignment Agreement may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature
page of this Assignment Agreement by telecopy (or other electronic method of transmission) shall be effective as delivery of a manually executed counterpart of this Assignment Agreement. This Assignment Agreement shall be governed by, and construed
and interpreted in accordance with, the laws of the State of New York. 

  
 Exhibit E 

 EXHIBIT F-1 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships for U.S. Federal Income Tax Purposes) 

[Date] 
 Reference is made
to that certain Credit Agreement, dated as of November 27, 2013 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among LTX-CREDENCE CORPORATION, a Massachusetts corporation
(“LTX”), EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (collectively with LTX, the “Borrower”), the several banks and other financial institutions or entities from time to time parties
thereto (each a “Lender”, and collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing Lender, and SVB as administrative agent for the Lenders (in such
capacity, the “Administrative Agent”). 
 Pursuant to the provisions of Section 2.20 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank
within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related
to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the
Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the
Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each
payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined
herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 IN WITNESS
WHEREOF, the undersigned has caused this certificate to be duly executed and delivered by its proper and duly authorized signatory as of the day and year first written above. 

 

			
	[Name of Lender]
		
	By	 	  

	Name:	 	
	Title:	 	

  
 Exhibit F-1 

 EXHIBIT F-2 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships for U.S. Federal Income Tax Purposes) 

[Date] 
 Reference is made
to that certain Credit Agreement, dated as of November 27, 2013 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among LTX-CREDENCE CORPORATION, a Massachusetts corporation
(“LTX”), EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (collectively with LTX, the “Borrower”), the several banks and other financial institutions or entities from time to time parties
thereto (each a “Lender”, and collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing Lender, and SVB as administrative agent for the Lenders (in such
capacity, the “Administrative Agent”). 
 Pursuant to the provisions of Section 2.20 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of
Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as
described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with a certificate of its
non-U.S. Person status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and
(2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar
years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the
meanings given to them in the Credit Agreement. 
 IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed and
delivered by its proper and duly authorized signatory as of the day and year first written above. 
  

			
	[Name of Participant]
		
	By	 	  

	Name:	 	
	Title:	 	

  
 Exhibit F-2 

 EXHIBIT F-3 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships for U.S. Federal Income Tax Purposes) 

[Date] 
 Reference is made
to that certain Credit Agreement, dated as of November 27, 2013 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among LTX-CREDENCE CORPORATION, a Massachusetts corporation
(“LTX”), EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (collectively with LTX, the “Borrower”), the several banks and other financial institutions or entities from time to time parties
thereto (each a “Lender”, and collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing Lender, and SVB as administrative agent for the Lenders (in such
capacity, the “Administrative Agent”). 
 Pursuant to the provisions of Section 2.20 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such
participation, (iii) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or
business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and
(v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its
partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the
portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have
at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
 IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed and delivered by its proper and duly
authorized signatory as of the day and year first written above. 
  

			
	[Name of Participant]
		
	By	 	  

	Name:	 	
	Title:	 	

  
 Exhibit F-3 

 EXHIBIT F-4 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships for U.S. Federal Income Tax Purposes) 

[Date] 
 Reference is made
to that certain Credit Agreement, dated as of November 27, 2013 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among LTX-CREDENCE CORPORATION, a Massachusetts corporation
(“LTX”), EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (collectively with LTX, the “Borrower”), the several banks and other financial institutions or entities from time to time parties
thereto (each a “Lender”, and collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing Lender, and SVB as administrative agent for the Lenders (in such
capacity, the “Administrative Agent”). 
 Pursuant to the provisions of Section 2.20 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect
partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the
undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code,
(iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign
corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the
Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY
accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on
this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and
currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
 IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed and delivered by its proper and duly
authorized signatory as of the day and year first written above. 
  

			
	[Name of Lender]
		
	By	 	  

	Name:	 	
	Title:	 	

  
 Exhibit F-4 

 EXHIBIT G-1 

FORM OF REVOLVING LOAN NOTE 

LTX-CREDENCE CORPORATION & EVERETT CHARLES TECHNOLOGIES LLC 

THIS REVOLVING LOAN NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT
AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS REVOLVING LOAN NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE RECORDED IN THE REVOLVING LOAN REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. 

 

			
	$[        ]	  	[insert date]

 FOR VALUE RECEIVED, the undersigned, LTX-CREDENCE CORPORATION, a Massachusetts corporation
(“LTX”) and EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (collectively with LTX, the “Borrower”), hereby unconditionally promises to pay to [insert name of
applicable Lender] (the “Lender”) or its registered assigns at the Funding Office specified in the Credit Agreement (as hereinafter defined) in Dollars and in immediately available funds, on the Revolving Termination Date
the principal amount of (a) [insert amount of applicable Lender’s Revolving Commitment] ($[        ]), or, if less, (b) the aggregate unpaid principal amount of all Revolving Loans made
by the Lender to the Borrower pursuant to Section 2.4 of the Credit Agreement referred to below. The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the
rates and on the dates specified in the Credit Agreement. 
 The holder of this Revolving Loan Note (this “Note”) is
authorized to indorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date, Type and amount of each Revolving Loan made pursuant to the Credit Agreement
and the date and amount of each payment or prepayment of principal thereof, each continuation thereof, each conversion of all or a portion thereof to another Type and, in the case of Eurodollar Loans, the length of each Interest Period with respect
thereto. Each such indorsement shall constitute prima facie evidence of the accuracy of the information indorsed. The failure to make any such indorsement or any error in any such indorsement shall not affect the obligations of the
Borrower in respect of any Revolving Loan. 
 This Note (a) is one of the Revolving Loan Notes referred to in the Credit Agreement,
dated as of November 27, 2013, among the Borrower, the several banks and other financial institutions or entities from time to time party thereto as lenders, and SILICON VALLEY BANK, as Administrative Agent (as amended, restated, amended
and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), (b) is subject to the provisions of the Credit Agreement and (c) is subject to optional and mandatory prepayment in whole
or in part as provided in the Credit Agreement. This Note is secured and guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest has
been granted, the nature and extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the holder of this Note in respect thereof. 

Upon the occurrence and during the continuance of any one or more Events of Default, all principal and all accrued interest then remaining
unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement. 

  
 Exhibit G-1 

 All parties now and hereafter liable with respect to this Note, whether maker, principal, surety,
guarantor, indorser or otherwise, hereby waive presentment, demand, notice, and protest. 
 Unless otherwise defined herein, terms defined
in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 NOTWITHSTANDING ANYTHING TO THE
CONTRARY CONTAINED HEREIN OR IN THE CREDIT AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN ACCORDANCE WITH THE REGISTRATION AND OTHER PROVISIONS OF SECTION 10.6 OF THE CREDIT AGREEMENT. 

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 

			
	LTX-CREDENCE CORPORATION, as a Borrower
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	EVERETT CHARLES TECHNOLOGIES LLC, as a Borrower
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  
 Exhibit G-1 

 Schedule A 

to Revolving Loan Note 
 LOANS,
CONVERSIONS AND REPAYMENTS OF ABR LOANS 
  

													
	 Date
	  	Amount of ABR
Loans	  	Amount
Converted to
ABR Loans	  	Amount of Principal
of ABR Loans
Repaid	  	Amount of ABR
Loans
Converted to
Eurodollar Loans	  	Unpaid Principal
Balance of
ABR Loans	  	Notation
Made By
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	

  
 Exhibit G-1 

 Schedule B 

to Revolving Loan Note 
 LOANS,
CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS 
  

															
	 Date
	  	Amount of
Eurodollar
Loans	  	Amount
Converted to
Eurodollar
Loans	  	Interest Period
and
Eurodollar Rate
with
Respect Thereto	  	Amount of
Principal of
Eurodollar Loans
Repaid	  	Amount of
Eurodollar
Loans Converted
to
ABR Loans	  	Unpaid Principal
Balance of
Eurodollar
Loans	  	Notation
Made By
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	

  
 Exhibit G-1 

 EXHIBIT G-2 

FORM OF TERM LOAN NOTE 

LTX-CREDENCE CORPORATION & EVERETT CHARLES TECHNOLOGIES LLC 

THIS TERM LOAN NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT
REFERRED TO BELOW. TRANSFERS OF THIS TERM LOAN NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE RECORDED IN THE TERM LOAN REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. 

 

			
	$[        ]	  	[insert Closing Date]

 FOR VALUE RECEIVED, the undersigned, LTX-CREDENCE CORPORATION, a Massachusetts corporation
(“LTX”) and EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (collectively with LTX, the “Borrower”), hereby unconditionally promises to pay to [insert name of
applicable Lender] (the “Lender”) or its registered assigns at the Funding Office specified in the Credit Agreement (as hereinafter defined) in Dollars and in immediately available funds, the principal amount of
(a) [insert amount of applicable Lender’s Term Commitment] ($[        ]), or, if less, (b) the aggregate unpaid principal amount of the Term Loans made by the Lender pursuant to the
Credit Agreement referred to below. The principal amount hereof shall be paid in the amounts and on the dates specified in Section 2.3 of the Credit Agreement. The Borrower further agrees to pay interest in like money at such office on the
unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in the Credit Agreement. 
 The holder
of this Term Loan Note (this “Note”) is authorized to indorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date, Type and amount
of the Term Loan and the date and amount of each payment or prepayment of principal with respect thereto, each conversion of all or a portion thereof to another Type, each continuation of all or a portion thereof as the same Type and, in the case of
Eurodollar Loans, the length of each Interest Period with respect thereto. Each such indorsement shall constitute prima facie evidence of the accuracy of the information indorsed. The failure to make any such indorsement or any error in any
such indorsement shall not affect the obligations of the Borrower in respect of the Term Loan. 
 This Note (a) is one of the Term Loan
Notes referred to in the Credit Agreement, dated as of November 27, 2013, among the Borrower, the several banks and other financial institutions or entities from time to time party thereto as lenders, and SILICON VALLEY BANK, as
Administrative Agent (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), (b) is subject to the provisions of the Credit Agreement, and (c) is
subject to optional and mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured and guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the
properties and assets in which a security interest has been granted, the nature and extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the holder of
this Note in respect thereof. 
 Upon the occurrence and during the continuance of any one or more Events of Default, all principal and all
accrued interest then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement. 

  
 Exhibit G-2 

 All parties now and hereafter liable with respect to this Note, whether maker, principal, surety,
guarantor, indorser or otherwise, hereby waive presentment, demand, notice, and protest. 
 Unless otherwise defined herein, terms defined
in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 NOTWITHSTANDING ANYTHING TO THE
CONTRARY CONTAINED HEREIN OR IN THE CREDIT AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN ACCORDANCE WITH THE REGISTRATION AND OTHER PROVISIONS OF SECTION 10.6 OF THE CREDIT AGREEMENT. 

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 

			
	LTX-CREDENCE CORPORATION, as a Borrower
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	EVERETT CHARLES TECHNOLOGIES LLC, as a Borrower
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

  
 Exhibit G-2 

 Schedule A 

to Term Loan Note 
 LOANS,
CONVERSIONS AND REPAYMENTS OF ABR LOANS 
  

													
	 Date
	  	Amount of ABR
Loans	  	Amount
Converted to
ABR Loans	  	Amount of Principal
of
ABR Loans Repaid	  	Amount of ABR
Loans Converted to
Eurodollar Loans	  	Unpaid Principal
Balance
of ABR Loans	  	Notation
Made By
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	

  
 Exhibit G-2 

 Schedule B 

to Term Loan Note 
 LOANS,
CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS 
  

															
	 Date
	  	Amount of
Eurodollar
Loans	  	Amount
Converted to
Eurodollar
Loans	  	Interest Period
and
Eurodollar Rate
with
Respect Thereto	  	Amount of
Principal of
Eurodollar Loans
Repaid	  	Amount of
Eurodollar
Loans Converted
to
ABR Loans	  	Unpaid Principal
Balance of
Eurodollar
Loans	  	Notation
Made By
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	
		  		  		  		  		  		  		  	

  
 Exhibit G-2 

 EXHIBIT H 

FORM OF COLLATERAL INFORMATION CERTIFICATE 

(Please see attached) 

  
 Exhibit H 

 FORM OF COLLATERAL INFORMATION CERTIFICATE 

LTX-CREDENCE CORPORATION 

AND 

EVERETT CHARLES TECHNOLOGIES LLC 

AS THE BORROWER 

Dated as of November [    ], 2013 

 COLLATERAL INFORMATION CERTIFICATE 

To: Silicon Valley Bank, as Administrative Agent 

THIS COLLATERAL INFORMATION CERTIFICATE is being delivered pursuant to Section 5.1 of that certain Credit Agreement, dated as of
November [    ], 2013 (the “Credit Agreement”), among LTX-CREDENCE CORPORATION, a Massachusetts corporation (“LTXC”) and Everett Charles Technologies LLC, a Delaware limited
liability company (“ECT”, and together with LTX, collectively, the “Borrower” or the “Loan Parties”), the lenders party thereto (the
“Lenders”), and Silicon Valley Bank, as administrative agent for such Lenders (in such capacity, the “Administrative Agent”). 

Capitalized terms used and not otherwise defined herein shall have the respective meanings set forth in the Credit Agreement or the other Loan
Documents referenced therein. Other terms which are used but not otherwise defined herein but which are defined in Article 8 or Article 9 of the UCC shall have the respective meanings set forth in such applicable Article of the UCC. 

The undersigned, being the duly appointed Chief Financial Officer of the Borrower and a Responsible Officer of each other Loan Party, hereby
certifies on behalf of each Loan Party that as of the Closing Date, after giving immediate effect to the Acquisition: 
 NAMES: 

 

	 	1.	The exact legal name of the Borrower and each other Loan Party as it appears in its respective organizational papers, its respective jurisdiction of formation, its respective organizational identification number
and its respective date of formation, is as follows: 

  

							
	 Name of Loan Party
	  	Jurisdiction of Formation	  	Organizational Identification No.	  	Date of Formation

  

	 	2.	Set forth below is each other legal name that each Loan Party has had during the last five years, together with the date of the relevant change: 

 

					
	 Loan Party
	  	Prior Legal Name	  	Date of Name Change

  
 2 

	 	3.	Within the past five years, the following Persons have been merged into a Loan Party or such Loan Party has acquired all or a material portion of the assets of such Person (provide names, dates and brief
description of transaction): 

  

							
	 Loan Party
	  	Name of Party Merged
with or Acquired	  	Date of Merger or
Asset Acquisition	  	Description of Transaction

  

	 	4.	The following is a list of all other names (including trade names or similar appellations) used by a Loan Party or any of its divisions or other business units at any time during the past five years:

  

			
	 Loan Party
	  	Other Names Used Within Last Five Years

  

	 	5.	The following is a list of all the share or membership certificates evidencing equity interests (other than publicly traded equity interests) of each Loan Party, including the record owners, the certificate
numbers, the certificate dates and the number of shares or percentage of membership interests represented by such certificates: 

  

									
	 Loan Party
	  	Certificate Number	  	Certificate/Issuance
Date	  	No. Shares or
Ownership Percentage	  	Record Owner

  

	 	6.	No stock, debt instruments, or cash collateral of any Loan Party has been pledged to any Person, except as follows: 

  

			
	 Loan Party
	  	Description of Liens

  
 3 

 LOCATIONS: 
  

	 	7.	The chief executive office of each Loan Party is located at the addresses specified below: 

  

			
	 Loan Party
	  	Address of Chief Executive Office

  

	 	8.	The following is a list of all locations not identified in Item 5, above, where each Loan Party maintains its books and records relating to the Collateral: 

 

			
	 Loan Party
	  	Address where Books and Records are Maintained

  

	 	9.	The following is a list of all locations where any of the Collateral comprising Goods, including Inventory, Equipment or Fixtures (other than motor vehicles and other mobile goods to the extent in transit from
time to time), is located: 

  

			
	 Loan Party
	  	Locations

  
 4 

	 	10.	The following is a list of all real property owned of record and beneficially by each Loan Party: 

  

			
	 Loan Party
	  	Description of Real Property

  

	 	11.	The following is a list of all real property leased or subleased by or to each Loan Party, whether by way of a ground lease, a master lease, a standard site lease, license or otherwise (each a
“Lease”) (include the name of each of the parties to each Lease as it appears on the Lease, and the address of the relevant premises under such Lease). 

 

							
	 Loan Party
	  	Parties to Lease	  	Address of Leased Premises	  	Description of Lease

  
 5 

	 	12.	Each of the following firms provides insurance services for the Loan Parties. 

  

			
	 Loan Party
	  	Name of Insurance Provider

  

	 	13.	Reserved 

  
 6 

 INFORMATION ABOUT COLLATERAL: 

Material Contracts: 
  

	 	14.	The following is a list of all material licenses or sublicenses pursuant to which any third party licenses or sublicenses to a Loan Party the right to use any intellectual property rights, including any right to
use any software or any patent, trademark or copyright exclusive or any mass market, non-customized licenses or sublicenses (collectively, the “Inbound Licenses”): 

 

							
	 Loan Party
	  	Licensor of Inbound License	  	Name and Date of
License Agreement	  	Description of Licensed Intellectual Property Rights

  

	 	15.	The following is a list of all material licenses or sublicenses pursuant to which each Loan Party licenses or sublicenses to any third party the right to use any intellectual property rights, including any right
to use any software or any Patent, Trademark or Copyright (collectively, the “Outbound Licenses”): 

  

							
	 Loan Party
	  	Licensee under Outbound License	  	Name and Date of
License Agreement	  	Description of Licensed Intellectual Property Rights

  

	 	16.	The following is a list of (and the location of) all material equipment and other personal property leased or subleased by each Loan Party from any third party, whether leased individually or jointly with others
(include the name of the lessor or sublessor as it appears on the lease or sublease, the title of the applicable lease or sublease as amended to date, including all schedules thereto, and a general description of leased equipment and other property,
the address at which such equipment and other property is located (collectively, the “Personal Property Leases”)): 

LTX-Credence Corporation 
  

					
	 Lessor/Sublessor
	  	Description of Leased/Subleased Equipment	  	Address where Leased/Subleased Equipment is Located

ECT 
  

					
	 Lessor/Sublessor
	  	Description of Leased/Subleased Equipment	  	Address where Leased/Subleased
Equipment is Located

  
 7 

	 	17.	The following is a list of all material contracts and agreements, including collective bargaining agreements, and employment agreements, to which each Loan Party is a party or in which it has an interest relating
to material employees (collectively, the “Employee Contracts”): 

  

			
	 Loan Party
	  	Description of Employee Contract

  

	 	18.	The following is a list of all other material contracts and agreements of any kind or nature (to the extent not otherwise previously listed in this Collateral Information Certificate) to which any Loan Party is a
party or in which it has an interest (collectively, the “Other Material Contracts”): 

  

			
	 Loan Party
	  	Description of Other Material Contract

  

  
 8 

 Government Licenses: 
  

	 	19.	The following is a list of all material federal, state and other governmental licenses or authorizations required or reasonably necessary to operate each Loan Party’s business as currently conducted or as
contemplated by such Loan Party to be operated immediately after the Closing Date (collectively, the “Governmental Licenses”): 

  

			
	 Loan Party
	  	Description of Governmental License

  
 9 

 Intellectual Property: 
  

	 	20.	The following is a list of domestic and foreign registered patents and patent applications owned, or otherwise used by each Loan Party, whether individually or jointly with others: 

LTX-Credence Corporation 

Issued Patents and Pending Patent Applications Licensed to or used by LTX-Credence Corporation 

 

									
	 Jurisdiction
	  	Patent No.	  	Issue Date	  	Inventor	  	Title

  
 10 

 Issued Patents of ECT 

SEE ATTACHED SCHEDULE [    ] 

Pending Patent Applications of ECT 

SEE ATTACHED SCHEDULE [    ] 

Issued Patents and Pending Patent Applications Licensed to or used by ECT 

SEE ATTACHED SCHEDULE [    ] 
  

	 	21.	The following is a list of domestic and foreign registered trademarks, trademark registrations, service mark registrations, tradenames or applications therefor, owned, or otherwise used by each Loan Party,
whether individually or jointly with others: 

 Registered Trademarks of LTX-Credence Corporation 

 

											
	 Jurisdiction
	  	Registration No.	  	Registration Date	  	Filing Date	  	Registered Owner	  	Mark

 Pending Trademark Applications of
LTX-Credence Corporation 
  

									
	 Jurisdiction
	  	Application No.	  	Filing Date	  	Applicant	  	Mark

 Registered Trademarks and Pending
Trademark Applications Licensed to or used by LTX-Credence Corporation 
 Registered Trademarks of ECT 

SEE ATTACHED SCHEDULE [    ] 

  
 11 

 Pending Trademark Applications of ECT 

SEE ATTACHED SCHEDULE [    ] 

Registered Trademarks and Pending Trademark Applications Licensed to or used by ECT 

SEE ATTACHED SCHEDULE [    ] 
  

	 	22.	The following is a list of domestic and foreign copyrights, copyright works, copyright registrations and applications therefor, owned or used by each Loan Party, whether individually or jointly with others:

 Registered Copyrights of LTX-Credence Corporation 

 

							
	 Jurisdiction
	  	Registration No.	  	Registration Date	  	Work of Authorship

  
 12 

 Pending Copyright Applications of LTX-Credence Corporation 

 

							
	 Jurisdiction
	  	Application No.	  	Application Date	  	Work of Authorship

 Registered
Copyrights and Pending Copyright Applications Licensed to or used by LTX-Credence Corporation 
 Registered Copyrights of ECT 

Pending Copyright Applications of ECT 

Registered Copyrights and Pending Copyright Applications Licensed to or used by ECT 

  
 13 

 Investment Property and Deposits: 

 

	 	23.	The Loan Parties hold notes payable from the following Persons: 

  

											
	 Loan Party
	  	Date of Note	  	Maturity Date of Note	  	Principal Amount of Note	  	Name of Note Obligor	  	Are Note
Obligations
Secured (Y or N)

  

	 	24.	The Loan Parties maintain the following deposit accounts (including demand, time, savings, passbook or similar accounts) with depositary banks: 

 

									
	 Loan Party
	  	Type of Account (i.e. Payroll, Operations,
Cash Management, etc.)	  	Name of Depository Bank	  	Account No.	  	Is Account
Currently
Blocked or
Restricted (Y/N)

  
 14 

	 	25.	The Loan Parties beneficially own “investment property” in the following securities accounts held with securities intermediaries: 

 

									
	 Loan Party
	  	Name of Securities Intermediary	  	Account No.	  	Description of
Investment Property	  	Is Account
Currently Blocked
or Restricted (Y/N)

  

	 	26.	The Loan Parties beneficially own the following stocks, bonds, investment securities, partnership and joint venture investments and other investments: 

 

	 	27.	The Loan Parties own the following types of assets: 

  

											
	 Loan Party
	  	Aircraft (Y/N)	  	Motor Vehicles (Y/N)	  	Vessels, Boats, Ships (Y/N)	  	Franchise Agreements (Y/N)	  	Commercial Tort Claims
(Y/N)

  

	 	28.	The Borrower’s assets are encumbered by liens of third parties as follows, in addition to the leases listed above in No. 11 and the permitted liens as set forth in section 7 of the Credit Agreement:

  

											
	 Debtor
	 	 Jurisdiction
	 	 UCC Filing No.
	  	UCC Filing
Date	  	Secured Party	  	UCC Collateral
Description

  

	

  

  
 15 

	 	29.	The following is a list of all letters of credit as to which any Loan Party is the beneficiary or otherwise has any right to payment or performance: 

 

									
	 Loan Party Beneficiary
	  	Name of Issuer	  	Name of Account Party	  	Letter of Credit No. and
Amount	  	Standby or Commercial Letter of
Credit?

INFORMATION ABOUT THE LOAN PARTIES: 
  

	 	30.	Each Loan Party is qualified to do business in the following jurisdictions as of the Closing Date: 

  

			
	 Loan Party
	  	Jurisdictions in which Qualified to do Business

  

	 	31.	Each Loan Party has the following subsidiaries: 

 LTX-Credence Corporation 

 

							
	 Name of Subsidiary
	  	Jurisdiction of Organization or Formation	  	Organizational Identification Number	  	Percentage of Equity Interests
Owned

ECT 
  

							
	 Name of
Subsidiary
	  	Jurisdiction of Organization or Formation	  	Organizational Identification Number	  	Percentage of Equity Interests
Owned

  

	 	32.	List all formation documents and material equity holders agreements pertaining to each Loan Party or to which any Loan Party is a party, including operating agreements, partnership agreements, bylaws,
certificates of formation, certificates or articles of organization, certificates or articles of incorporation, shareholder or other equityholders agreements, trust or voting rights agreements, registration rights agreements, warrants and warrant
purchase agreements, convertible debt documents and options and other equity incentive plans. 

  
 16 

 The undersigned certifies that each such agreement is in full force and effect, and has not been modified,
amended, supplemented or restated except as listed. 
  

			
	 Loan Party
	  	Description of Document/Agreement

  

	 	33.	The following is a complete list of litigation, investigations, or proceedings of or before any arbitrator or Governmental Authority pending or to the knowledge of the Loan Party, threatened in writing against
any Group Member or against any of their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated by the Credit Agreement or the Loan Documents, or (b) that would reasonably be
expected to have a Material Adverse Effect: 

  

			
	 Loan Party
	  	Description of Pending or Threatened Litigation

  
 17 

 The undersigned hereby certifies the foregoing information to be true and correct in all material
respects and executes this Collateral Information Certificate as of the date first written above on behalf of each of the Borrowers. 
  

			
	LTX-CREDENCE CORPORATION, AS BORROWER
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	EVERETT CHARLES TECHNOLOGIES LLC, AS BORROWER
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 18 

 SCHEDULES TO THE COLLATERAL INFORMATION CERTIFICATE 

(Please see attached schedules) 

 EXHIBIT I 

FORM OF NOTICE OF BORROWING 

LTX-CREDENCE CORPORATION & EVERETT CHARLES TECHNOLOGIES LLC 

Date:                     

  

	TO:	SILICON VALLEY BANK 

 3003
Tasman Drive 
 Santa Clara, CA 95054 

Attention: Corporate Services Department 
  

	RE:	Credit Agreement, dated as of November 27, 2013 (as amended, modified, supplemented or restated from time to time, the “Credit Agreement”), by and among LTX-CREDENCE CORPORATION, a
Massachusetts corporation (“LTX”), EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (collectively with LTX, the “Borrower”), the several banks and other financial institutions from time to time
parties thereto (each a “Lender”, and collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing Lender, and SVB as administrative agent for the Lenders (in such
capacity, the “Administrative Agent”). Capitalized terms used but not otherwise defined herein shall have the respective meanings given to such terms in the Credit Agreement. 

Ladies and Gentlemen: 
 The undersigned refers
to the Credit Agreement and hereby gives you irrevocable notice, pursuant to Section [2.2] [2.5] of the Credit Agreement, of the borrowing of a [Term Loan][Revolving Loan][Swingline Loan]. 

The requested Borrowing Date, which shall be a Business Day, is
                    . 
 The aggregate
amount of the requested Loan is $        . 
 The requested Loan shall consist of
$         of ABR Loans and $         of Eurodollar Loans. 

The duration of the Interest Period for the Eurodollar Loans included in the requested Loan shall be
             [one][two][three][six] months. 
 [Insert instructions for
remittance of the proceeds of the applicable Loans to be borrowed] 
 The undersigned, in his/her capacity as a Responsible Officer of the
Borrower and not in his/her individual capacity, hereby certifies that the following statements are true on the date hereof, and will be true on the date of the proposed Loan before and after giving effect thereto, and to the application of the
proceeds therefrom, as applicable: 
 (a) each representation and warranty of each Loan Party contained in or pursuant to any Loan Document
(i) to the extent qualified by materiality, is true and correct, and (ii) to the extent not qualified by materiality, is true and correct in all material respects, in each case, on and as of the date hereof as if made on and as of the date
hereof, except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date; [provided that
it is understood and agreed that only representations and warranties made with respect to the Acquired Business on the Closing Date shall be the Specified Representations]17; [and] 

 

	17 	For initial loan request on the Closing Date. 

  
 Exhibit I 

 (b) no Default or Event of Default exists or will occur after giving effect to the extensions of
credit requested herein [; and] 
 [(c) after giving effect to such Revolving Extension of Credit, the availability and borrowing
limitations specified in Section 2.4 of the Credit Agreement will be satisfied.] 
 [Signature page follows] 

  
 Exhibit I 

 IN WITNESS WHEREOF, the undersigned has caused this notice to be duly executed and delivered by
its proper and duly authorized officer as of the day and year first written above. 
  

			
	LTX-CREDENCE CORPORATION
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	EVERETT CHARLES TECHNOLOGIES LLC
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 For internal Bank use only 

 

									
	 Eurodollar Pricing Date
	  	Eurodollar Rate	  	Eurodollar Variance	 	 	Maturity Date
		  		  	 	    	% 	 	

  
 Exhibit I 

 EXHIBIT J 

FORM OF NOTICE OF CONVERSION/CONTINUATION 

LTX-CREDENCE CORPORATION & EVERETT CHARLES TECHNOLOGIES LLC 

Date:                   
  
  

	TO:	SILICON VALLEY BANK 

 3003
Tasman Drive 
 Santa Clara, CA 95054 

Attention: 
  

	RE:	Credit Agreement, dated as of November 27, 2013 (as amended, modified, supplemented or restated from time to time, the “Credit Agreement”), by and among LTX-CREDENCE CORPORATION, a Massachusetts
corporation (“LTX”), EVERETT CHARLES TECHNOLOGIES LLC, a Delaware limited liability company (collectively with LTX, the “Borrower”), the several banks and other financial institutions from time to time parties
thereto (each a “Lender”, and collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing Lender, and SVB as administrative agent for the Lenders (in such
capacity, the “Administrative Agent”). Capitalized terms used but not otherwise defined herein shall have the respective meanings given to such terms in the Credit Agreement. 

Ladies and Gentlemen: 
 The undersigned, in
his/her capacity as a Responsible Officer of the Borrower and not in his/her individual capacity, refers to the Credit Agreement and hereby gives you irrevocable notice pursuant to Section [2.13(a)] [2.13(b)] of the Credit Agreement, of the
[conversion] [continuation] of the Loans specified herein, that: 
 1. The date of the [conversion] [continuation] is
                    . 
 2. The
aggregate amount of the proposed Loans to be [converted] [continued] is $         
 3.
The Loans are to be [converted into] [continued as] [Eurodollar] [ABR] Loans. 
 4. The duration of the Interest Period for the Eurodollar
Loans included in the [conversion] [continuation] shall be [one][two][three][six] months. 
 5. The undersigned on behalf of the Borrower,
hereby certifies that no Default or Event of Default exists or shall occur after giving effect to the [conversion] [continuation] requested to be made on such date. 

[Signature page follows] 

 IN WITNESS WHEREOF, the undersigned has caused this notice to be duly executed and delivered by
its proper and duly authorized officer as of the day and year first written above. 
  

			
	LTX-CREDENCE CORPORATION
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	EVERETT CHARLES TECHNOLOGIES LLC
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 For internal Bank use only 

 

									
	 Eurodollar Pricing Date
	  	Eurodollar Rate	  	Eurodollar Variance	 	 	Maturity Date
		  		  	 	    	% 	 	

  
 Exhibit IEX-10.1

 Exhibit 10.1 

Execution Version 

AMENDED AND RESTATED LIMITED LIABILITY 

COMPANY AGREEMENT 
 OF

 NORTH DAKOTA PIPELINE COMPANY LLC 

A DELAWARE LIMITED LIABILITY COMPANY 

DATED AS OF NOVEMBER 25, 2013 
 THE
UNITS IN NORTH DAKOTA PIPELINE COMPANY LLC HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY JURISDICTION. NO UNIT MAY BE SOLD OR OFFERED FOR SALE (WITHIN THE MEANING OF ANY SECURITIES
LAW) UNLESS A REGISTRATION STATEMENT UNDER ALL APPLICABLE SECURITIES LAWS WITH RESPECT TO THE UNIT IS THEN IN EFFECT OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THOSE LAWS IS THEN APPLICABLE TO THE UNIT. A UNIT ALSO MAY NOT BE TRANSFERRED
OR ENCUMBERED UNLESS THE PROVISIONS OF THIS AGREEMENT ARE SATISFIED. PURCHASERS OF UNITS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THEIR INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I
	  	 DEFINITIONS
	  	 	1	  
			
	 Section 1.01
	  	 Definitions
	  	 	1	  
	 Section 1.02
	  	 Other Definitions
	  	 	19	  
	 Section 1.03
	  	 Construction
	  	 	19	  
			
	 ARTICLE II
	  	 ORGANIZATIONAL AND OTHER MATTERS
	  	 	20	  
			
	 Section 2.01
	  	 Formation
	  	 	20	  
	 Section 2.02
	  	 Name
	  	 	20	  
	 Section 2.03
	  	 Limited Liability
	  	 	20	  
	 Section 2.04
	  	 Registered Office; Registered Agent; Principal Office in the United States; Other Offices
	  	 	20	  
	 Section 2.05
	  	 Purposes
	  	 	21	  
	 Section 2.06
	  	 Foreign Qualification
	  	 	21	  
	 Section 2.07
	  	 Term
	  	 	21	  
			
	 ARTICLE III
	  	 MEMBERS; REPRESENTATIONS
	  	 	21	  
			
	 Section 3.01
	  	 Units; Members
	  	 	21	  
	 Section 3.02
	  	 Unit Certificates
	  	 	23	  
	 Section 3.03
	  	 Conflicts of Interest
	  	 	24	  
	 Section 3.04
	  	 Representations, Warranties and Covenants
	  	 	25	  
			
	 ARTICLE IV
	  	 BOOKS AND RECORDS
	  	 	27	  
			
	 Section 4.01
	  	 Books, Records, Access
	  	 	27	  
	 Section 4.02
	  	 Tax Returns
	  	 	28	  
	 Section 4.03
	  	 Tax Partnership
	  	 	28	  
	 Section 4.04
	  	 Tax Elections
	  	 	28	  
	 Section 4.05
	  	 Tax Matters Member
	  	 	29	  
	 Section 4.06
	  	 Entity Level Taxation
	  	 	30	  
	 Section 4.07
	  	 Bank Accounts
	  	 	30	  
			
	 ARTICLE V
	  	 CAPITAL CONTRIBUTIONS
	  	 	30	  
			
	 Section 5.01
	  	 Initial Capital Contribution of Members; Unit Issuances
	  	 	30	  
	 Section 5.02
	  	 Further Capital Contributions
	  	 	31	  
	 Section 5.03
	  	 Failure to Fund Capital Contributions
	  	 	33	  
	 Section 5.04
	  	 Certain Consequences of Default
	  	 	34	  
	 Section 5.05
	  	 Withdrawal of Capital
	  	 	36	  
	 Section 5.06
	  	 Capital Accounts
	  	 	37	  
	 Section 5.07
	  	 Advances by Members
	  	 	38	  
			
	 ARTICLE VI
	  	 ALLOCATIONS
	  	 	38	  
			
	 Section 6.01
	  	 Allocations of Net Profits, Net Losses, Special Net Profits and Special Net Losses
	  	 	38	  
	 Section 6.02
	  	 Regulatory Allocations
	  	 	39	  
	 Section 6.03
	  	 Curative Allocations
	  	 	41	  
	 Section 6.04
	  	 Tax Allocations
	  	 	42	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 ARTICLE VII
	  	 DISTRIBUTIONS
	  	 	42	  
			
	 Section 7.01
	  	 Distributions
	  	 	42	  
	 Section 7.02
	  	 Withholding
	  	 	44	  
			
	 ARTICLE VIII
	  	 MANAGEMENT OF THE COMPANY
	  	 	44	  
			
	 Section 8.01
	  	 Management under Direction of Management Committee
	  	 	44	  
	 Section 8.02
	  	 Number, Tenure and Qualification
	  	 	50	  
	 Section 8.03
	  	 Voting Proxies; Quorum; Meetings of Management Committee
	  	 	51	  
	 Section 8.04
	  	 Resignation of Managers and Management Committee Alternates
	  	 	53	  
	 Section 8.05
	  	 Removal of Managers and Management Committee Alternates
	  	 	54	  
	 Section 8.06
	  	 Vacancies
	  	 	54	  
	 Section 8.07
	  	 Fees and Expenses of Managers and Management Committee Alternates
	  	 	54	  
	 Section 8.08
	  	 Members
	  	 	54	  
	 Section 8.09
	  	 Delegation of Authority to Officers
	  	 	55	  
			
	 ARTICLE IX
	  	 OPERATING AND CONSTRUCTION MANAGEMENT AGREEMENT
	  	 	55	  
			
	 Section 9.01
	  	 Operating and Construction Management Agreement
	  	 	55	  
			
	 ARTICLE X
	  	 INDEMNIFICATION; DUTIES
	  	 	56	  
			
	 Section 10.01
	  	 Power to Indemnify in Actions, Suits or Proceedings
	  	 	56	  
	 Section 10.02
	  	 Authorization of Indemnification
	  	 	56	  
	 Section 10.03
	  	 Expenses Payable in Advance
	  	 	56	  
	 Section 10.04
	  	 Nonexclusivity of Indemnification and Advancement of Expenses
	  	 	57	  
	 Section 10.05
	  	 Survival of Indemnification and Advancement of Expenses
	  	 	57	  
	 Section 10.06
	  	 Limitation on Indemnification
	  	 	57	  
	 Section 10.07
	  	 Indemnitor of First Resort
	  	 	57	  
	 Section 10.08
	  	 Insurance
	  	 	58	  
	 Section 10.09
	  	 Severability
	  	 	58	  
			
	 ARTICLE XI
	  	 DUTIES OF MEMBERS, MANAGERS AND OFFICERS
	  	 	58	  
			
	 Section 11.01
	  	 Fiduciary Duties; Limitation of Liability
	  	 	58	  
			
	 ARTICLE XII
	  	 INSURANCE
	  	 	61	  
			
	 Section 12.01
	  	 Operator Insurance
	  	 	61	  
	 Section 12.02
	  	 Company Insurance
	  	 	61	  
	 Section 12.03
	  	 Member Insurance
	  	 	61	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 ARTICLE XIII
	  	 LIMITATIONS ON TRANSFERS
	  	 	62	  
			
	 Section 13.01
	  	 Transfer of Units
	  	 	62	  
	 Section 13.02
	  	 Conditions Precedent to a Transfer of Units
	  	 	63	  
	 Section 13.03
	  	 Admission of Substitute Members
	  	 	64	  
	 Section 13.04
	  	 Issuance of Units; Issuance of Additional Units; Admission of Additional Members
	  	 	64	  
	 Section 13.05
	  	 Rights and Obligations of Additional Members and Substitute Members
	  	 	65	  
	 Section 13.06
	  	 No Other Persons Deemed Members
	  	 	65	  
	 Section 13.07
	  	 Tag-Along Transactions
	  	 	65	  
	 Section 13.08
	  	 Right of First Refusal
	  	 	67	  
	 Section 13.09
	  	 Transfer and Exchange
	  	 	68	  
	 Section 13.10
	  	 No Publicly Traded Company
	  	 	68	  
	 Section 13.11
	  	 Amendments to this Agreement
	  	 	68	  
	 Section 13.12
	  	 No Encumbrances by Members
	  	 	68	  
			
	 ARTICLE XIV
	  	 GROWTH CAPITAL PROJECTS; EMERGENCY EXPENDITURES; LONG TERM RESPONSE

EXPENDITURES; AND NON-GROWTH INTEGRITY PROJECTS
	  	 	69	  
			
	 Section 14.01
	  	 Growth Capital Projects
	  	 	69	  
	 Section 14.02
	  	 Emergency Expenditures and Long Term Response Expenditures
	  	 	73	  
	 Section 14.03
	  	 Non-Growth Integrity Projects
	  	 	74	  
			
	 ARTICLE XV
	  	 SANDPIPER PROJECT IN-SERVICE DATE TRANSACTIONS
	  	 	74	  
			
	 Section 15.01
	  	 Sandpiper Project In-Service Date Transactions
	  	 	74	  
	 Section 15.02
	  	 Allocation of Revenues and Expenses
	  	 	75	  
			
	 ARTICLE XVI
	  	 DISSOLUTION AND LIQUIDATION
	  	 	76	  
			
	 Section 16.01
	  	 Dissolution
	  	 	76	  
	 Section 16.02
	  	 Notice of Dissolution
	  	 	76	  
	 Section 16.03
	  	 Liquidation Upon Dissolution
	  	 	76	  
	 Section 16.04
	  	 Termination
	  	 	78	  
	 Section 16.05
	  	 No Obligation to Restore Capital Accounts
	  	 	78	  
	 Section 16.06
	  	 Liquidation of Sandpiper Facilities
	  	 	79	  
	 Section 16.07
	  	 Distributions in Kind
	  	 	80	  
			
	 ARTICLE XVII
	  	 MISCELLANEOUS PROVISIONS
	  	 	80	  
			
	 Section 17.01
	  	 Notices
	  	 	80	  
	 Section 17.02
	  	 Governing Law
	  	 	80	  
	 Section 17.03
	  	 Dispute Resolution
	  	 	80	  
	 Section 17.04
	  	 Waiver of Jury Trial
	  	 	82	  
	 Section 17.05
	  	 Entire Agreement; Amendments
	  	 	82	  
	 Section 17.06
	  	 Confidentiality
	  	 	82	  

  
 iii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 Section 17.07
	  	 Termination
	  	 	83	  
	 Section 17.08
	  	 Sandpiper Project Spend Profile
	  	 	84	  
	 Section 17.09
	  	 Management Committee Deadlocks; Negotiations; Buyout Right
	  	 	84	  
	 Section 17.10
	  	 Waiver
	  	 	88	  
	 Section 17.11
	  	 Severability
	  	 	88	  
	 Section 17.12
	  	 Ownership of Property and Right of Partition
	  	 	88	  
	 Section 17.13
	  	 Successors and Assigns
	  	 	88	  
	 Section 17.14
	  	 Further Assurances
	  	 	89	  
	 Section 17.15
	  	 Parties in Interest
	  	 	89	  
	 Section 17.16
	  	 Specific Performance
	  	 	89	  
	 Section 17.17
	  	 Publicity
	  	 	89	  
	 Section 17.18
	  	 Certain Expenses
	  	 	89	  
	 Section 17.19
	  	 Counterparts
	  	 	89	  

  
 iv 

			
	Exhibit A	 	Form of Call Notice
		
	Exhibit B	 	Form of Operating and Construction Management Agreement
		
	Exhibit C	 	Form of Guaranty
		
	Exhibit D	 	Management Committee and Officers
		
	Exhibit E	 	Form of Addendum Agreement
		
	Exhibit F	 	Sandpiper Project Spend Profile
		
	Schedule I	 	Growth Capital Projects
		
	Schedule II	 	Sandpiper Facilities
		
	Schedule III	 	Issuance of Initial Units

  
 v 

 AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT 

OF 
 NORTH DAKOTA PIPELINE
COMPANY LLC 
 This AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”) of North
Dakota Pipeline Company LLC, a Delaware limited liability company (the “Company”), dated as of November 25, 2013 (the “Effective Date”), is adopted, executed and agreed to by the Company and the parties
executing this Agreement in their capacity as Members of the Company. 
 W I T N E S S E T H: 

WHEREAS, the Company has been formed as a limited liability company under the Delaware Limited Liability Company Act (as it may be
amended from time to time, the “Act”) by filing the Certificate of Formation of the Company (the “Certificate”) with the Secretary of State of the State of Delaware on April 23, 2001 and by the execution of the
Limited Liability Company Agreement of the Company dated April 23, 2001 (the “Original Agreement”) by the member named therein; and 

WHEREAS, the Members wish to amend and restate the Original Agreement in its entirety and be admitted to the Company as Members as provided
herein. 
 NOW, THEREFORE, in consideration of the mutual covenants, rights and obligations set forth in this Agreement, and other good and
valuable consideration, the receipt and sufficiency of which each Member hereby acknowledges and confesses, the Members hereby agree to amend and restate the Original Agreement in its entirety and adopt the following: 

ARTICLE I 
 DEFINITIONS

 Section 1.01 Definitions. As used in this Agreement, the following terms have the following meanings: 

“300% Payout” means, at any time of determination and with respect to the Proposing Member with respect to any
Non-Participatory Growth Capital Project, the time at which the Non-Participatory Growth Capital Project Amount of such Proposing Member has been reduced to zero. 

“AAA” has the meaning set forth in Section 17.09(c). 

“Accredited Investor” has the meaning set forth in Regulation D promulgated under the Securities Act. 

“Act” has the meaning set forth in the recitals of this Agreement. 

“Addendum Agreement” has the meaning set forth in Section 13.03. 

  
 1 

 “Additional Member” means any Person that is not already a Member
that acquires (a) any Units directly from the Company or (b) any other equity securities of the Company, which Person is admitted to the Company as a Member pursuant to the provisions of Section 13.04(a). 

“Adjusted Capital Account Balance” means with respect to any Member, the balance in such Member’s Capital Account as of
the end of the relevant Fiscal Year, after giving effect to the following adjustments: 
 (a) credit to such Capital Account any amounts
which such Member is obligated to restore, because of a promissory note to the Company or otherwise pursuant to Section 1.704-1(b)(2)(ii)(c) of the Treasury Regulations, or is deemed to be obligated to restore pursuant to the penultimate
sentence in each of Sections 1.704-2(g)(1) and 1.704-2(i)(5) of the Treasury Regulations, after taking into account thereunder any changes during such year in “partnership minimum gain” (within the meaning of Section 1.704-2(b)
of the Treasury Regulations) and in “partner nonrecourse debt minimum gain” (within the meaning of Section 1.704-2(i) of the Treasury Regulations); and 

(b) debit to such Capital Account the items described in Sections 1.704-1(b)(2)(ii)(d)(4); 1.704-1(b)(2)(ii)(d)(5) and
1.704-1(b)(2)(ii)(d)(6) of the Treasury Regulations. 
 This definition of Adjusted Capital Account Balance is intended to comply with the
“alternative economic effect” test of Section 1.704-1(b)(2)(ii)(d) of the Treasury Regulations and shall be interpreted consistently therewith. 

“Affected Member” means any non-Defaulting Member in connection with a situation where a Defaulting Member has failed to pay
an amount owed under the terms of this Agreement at the time in question. 
 “Affiliate” means, with respect to any Person,
any Person directly or indirectly through one or more intermediaries, Controlling, Controlled by or under common Control with such Person. 

“Affiliate Contract” means a Contract between the Company, on the one hand, and any Member or any Affiliate of
any Member, on the other hand. 
 “Agreement” has the meaning set forth in the preamble of this Agreement.

 “Aggregate Converted Class A Units” has the meaning set forth in Section 3.01(h). 

“Aggregate Interim SP Capital Expenditures” means an amount equal to all capital expenditures made by the
Company or by Enbridge or its Affiliates on behalf of the Company in respect of the Sandpiper Project between the Effective Date and the Sandpiper Project In-Service Date. 

“Aggregate ISD Capital Expenditures” means (a) the Aggregate Pre-Effective Date SP Capital Expenditures,
plus (b) the Aggregate Interim SP Capital Expenditures, plus (c) the Growth Capital Project Expenditures Amount, plus (y) the Classic System ISD Value. 

  
 2 

 “Aggregate Pre-Effective Date SP Capital Expenditures” means an
amount equal to all capital expenditures made by the Company or by Enbridge or its Affiliates on behalf of the Company in respect of the Sandpiper Project as of the Effective Date. 

“Assets” means the Company’s and its Subsidiaries’ right, title and interest from time to time in all
items of economic value owned or leased by the Company and its Subsidiaries, including real property, equipment and other tangible personal property, and Contracts, data and records, and other intangible personal property. For the avoidance of
doubt, the “Assets” include any of the Facilities. 
 “Available Cash” means, as of any date of
determination, Cash On Hand From Operations, less Cash Reserves; provided that, for the avoidance of doubt, “Available Cash” shall not include any Special Available Cash. 

“Budget” means (i) the Budget as defined in the Operating and Construction Management Agreement, or
(ii) any other budget relating to the Company, any of its Subsidiaries, or any of the Assets or Facilities, in each case that is duly approved by the Management Committee or deemed approved as set forth herein. For the avoidance of doubt,
(x) any Default Budget in effect shall also be considered a “Budget” for all purposes hereunder and (y) the Sandpiper Project Spend Profile, or any other capital cost estimate, capital expenditures schedule or other similar
instrument relating to the amount and timing of capital expenditures with respect to the Sandpiper Project shall not be a “Budget.” 

“Budget Amendment” has the meaning set forth in the Operating and Construction Management Agreement. 

“Business” means the affairs, activities and operations conducted by the Company, its Subsidiaries or the
Operator with respect to the Assets. For the avoidance of doubt, the Business shall not include the Non-Company Projects. 

“Business Day” means any day except a Saturday or Sunday on which commercial banks in Texas and Calgary,
Alberta, Canada are generally open for business. 
 “Buyout Offer” has the meaning set forth in
Section 17.09(e)(i). 
 “Buyout Notice” has the meaning set forth in Section 17.09(d)(i). 

“Buyout Purchase Price” has the meaning set forth in Section 17.09(d)(i). 

“Buyer Appraiser” has the meaning set forth in Section 17.09(d)(ii). 

“Calendar Month” means any of the months of the Gregorian calendar. 

“Calendar Quarter” means a period of three consecutive Calendar Months commencing on the first day of January,
the first day of April, the first day of July and the first day of October in any Calendar Year. 

  
 3 

 “Calendar Year” means a period of 12 consecutive Calendar Months
commencing on the first day of January and ending on the following 31st day of December, according to the Gregorian calendar. 

“Call Notice” means any call notice in substantially the form attached hereto as Exhibit A and issued by the
Management Committee to the Class A Members pursuant to Section 5.02(a) or Section 5.02(c), to the Class B Members pursuant to Section 5.02(b), or to the Proposing Member in respect of a Non-Participatory
Growth Capital Project pursuant to Section 5.02(f) requesting the making of capital contributions by such Members to the Company. 

“Capital Account” has the meaning set forth in Section 5.06(a). 

“Cash On Hand From Capital Transactions” means, as of any date of determination, the amount of such cash and
cash equivalents of the Company and its Subsidiaries that have been funded by capital contributions from the Members of the Company or borrowings from any third party. 

“Cash On Hand From Operations” means, as of any date of determination, all cash and cash equivalents of the
Company and its Subsidiaries on hand at such time less Cash On Hand From Capital Transactions. 
 “Cash
Reserves” means the aggregate cash reserves approved by the Management Committee in connection with the determination of Available Cash as being the amount necessary to account for the usual and ordinary expenses to be incurred by
the Company and its Subsidiaries in connection with the operation and maintenance (but only to the extent that capital expenditures for such maintenance are Core Maintenance Capital Expenditures) (as applicable) of the Facilities (other than any
Non-Participatory Growth Capital Project) for one or more of the succeeding three Calendar Months, including (in each case, other than with respect to any Non-Participatory Growth Capital Project): (a) all operating costs and expenses;
(b) all Core Maintenance Capital Expenditures; (c) the Management Fee; (d) ad valorem taxes and assessments on real and personal property of the Company and its Subsidiaries; (e) the aggregate amount of interest related to
indebtedness for borrowed money incurred by the Company under the Revolver or any other revolving credit facility approved by the Management Committee that will become due and payable; and (f) a contingency amount, as determined by the
Management Committee, to account for unanticipated expenses incurred with respect to any of the foregoing; provided, that in no event shall such contingency amount exceed the Cash Reserve Contingency Cap. 

“Cash Reserves Contingency Cap” shall mean an amount determined by Super-Majority Management Committee Approval
pursuant to Section 8.01(c), which amount shall initially be $10,000,000. 
 “Certificate” has
the meaning set forth in the recitals of this Agreement. 
 “Chief Executive Officer Impasse” has the meaning
set forth in Section 17.09(b). 
 “Chief Executive Officer Impasse Notice” has the meaning set forth
in Section 17.09(b). 

  
 4 

 “Claim” means any claim, demand, suit, action, investigation,
proceeding (whether civil, criminal, arbitrative, investigative, or administrative), governmental action, cause of action, and expenses and costs associated therewith (including attorneys’ fees and court costs), whether now existing or
hereafter arising, whether known or unknown, including such item involving or sounding in the nature of breach of contract, tort, statutory liability, strict liability, products liability, Encumbrances, contribution, indemnification, fines,
penalties, malpractice, professional liability, design liability, premises liability, environmental liability (including investigatory and cleanup costs and natural resource damages), safety liabilities (including OSHA investigations, litigation and
pending fines), deceptive trade practices, malfeasance, nonfeasance, negligence, misrepresentation, breach of warranty, tortious interference with contractual relations, slander or libel. 

“Class A Member” means any Member owning Class A Units and identified as a Class A Member on the
Member Schedule, as the same may be amended from time to time. 
 “Class A Percentage Interest” means, with
respect to any Class A Member, the quotient (expressed as a percentage) obtained by dividing the number of Class A Units owned by such Class A Member at the time of determination by the total number of Class A Units issued and
outstanding as of such time. 
 “Class A Units” has the meaning set forth in Section 3.01(a).

 “Class A Unit Sub Capital Account” has the meaning set forth in Section 5.06(c). 

“Class B Member” means any Member owning Class B Units and identified as a Class B Member on the Member
Schedule, as the same may be amended from time to time. 
 “Class B Percentage Interest” means, with respect
to any Class B Member, the quotient (expressed as a percentage) obtained by dividing the number of Class B Units owned by such Class B Member at the time of determination by the total number of Class B Units issued and outstanding as of such time.

 “Class B Units” has the meaning set forth in Section 3.01(a). 

“Class B Unit Sub Capital Account” has the meaning set forth in Section 5.06(c). 

“Classic System ISD Value” means an amount equal to $912,500,000, which amount represents the Members’
agreed value of the assets of the Company, EP Bakken GP, and EP Bakken LP on the Sandpiper Project In-Service Date (excluding, for the avoidance of doubt, any value attributable to the Sandpiper Facilities or any Growth Capital Projects). 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Commencement Date” has the meaning set forth in Section 14.01(a). 

“Commission” means the United States Securities and Exchange Commission. 

“Company” has the meaning set forth in the preamble of this Agreement. 

  
 5 

 “Company Sale” means, directly or indirectly, (a) a merger,
business combination or consolidation involving the Company and its Subsidiaries, on the one hand, and one or more Third Parties, on the other hand, following which the Members do not hold a majority of the Equity Interests of the Person surviving
or resulting from such merger or business combination, (b) a sale or other disposition of all or substantially all of the assets of the Company and its Subsidiaries to one or more Third Parties, whether in a single transaction or a series of
related transactions, or (c) a Transfer, whether in a single transaction or a series of related transactions, of all or substantially all of the Equity Interests in the Company (by merger, exchange, consolidation or otherwise) to one or more
Third Parties. 
 “Conflict Activity” means (a) the amendment to, or waiver of, any rights of the
Company or any of its Subsidiaries under any Affiliate Contract, (b) the enforcement of any rights of the Company or any of its Subsidiaries under any Affiliate Contract, including (i) enforcing any rights of the Company or any of its
Subsidiaries under any Affiliate Contract in connection with any breach or default (or alleged breach or default) thereunder by the Conflicted Member (or any of its Affiliates), (ii) making or enforcing any Claims by the Company or any of its
Subsidiaries for indemnification under any Affiliate Contract or (iii) enforcing any rights of the Company or any of its Subsidiaries in connection with any dispute with a Conflicted Member (or any of its Affiliates) under any Affiliate
Contract, (c) the enforcement of any rights of the Company or any of its Subsidiaries under any Affiliate Contract in connection with any bankruptcy, reorganization, liquidation or dissolution of the Conflicted Member (or any of its
Affiliates), (d) the exercise of discretionary rights by the Company or any of its Subsidiaries under any Affiliate Contract and (e) enforcing any rights of the Company under this Agreement in connection with any breach or default (or
alleged breach or default) hereunder by the Conflicted Member. 
 “Conflicted Member” means a Member that is
(or has an Affiliate that is): (a) the counterparty to the Company or any of its Subsidiaries under an Affiliate Contract; or (b) the adversary or counterparty opposite the Company or any of its Subsidiaries on any other transaction or
dispute giving rise to a Conflict Activity. 
 “Construction” and its derivatives mean, with respect to any
facility or project, all activities relating to the construction thereof. 
 “Construction G&A Fee” has
the meaning set forth in the Operating and Construction Management Agreement. 
 “Contract” means any written
or oral contract or agreement, including an agreement regarding indebtedness, lease, mortgage, license agreement, purchase order, commitment, letter of credit or any other legally binding arrangement. 

“Control” (including the correlative terms “Controlled by” and “Controlling”)
means the possession, directly or indirectly, of the power to direct, or to cause the direction of, the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

  
 6 

 “Core Maintenance Capital Expenditures” means all capital
expenditures of the Company and its Subsidiaries other than Emergency Expenditures, Long Term Response Expenditures, expenditures for Non-Growth Integrity Projects and capital expenditures for Growth Capital Projects. 

“Covered Person” means each current and former (i) Member Covered Person, (ii) Manager (solely in
such Person’s capacity as a Manager), (iii) Officer (solely in such Person’s capacity as an Officer) and (iv) any other Person whom the Management Committee expressly designates as a Covered Person in a written resolution;
provided, that, Covered Person shall not include any of the foregoing Persons to the extent that they are acting in the capacity of the “Operator” (or a director, manager, officer, employee or representative thereof). 

“Cure Amount” has the meaning set forth in Section 5.04(e). 

“Cure Period” has the meaning set forth in Section 5.04(d). 

“Deadlock Fair Market Value” has the meaning set forth in Section 17.09(d)(i). 

“Default” has the meaning set forth in Section 5.03(a). 

“Default Budget” has the meaning set forth in the Operating and Construction Management Agreement. 

“Default Notice” has the meaning set forth in Section 5.03(a). 

“Default Period” means the period during which the applicable Member remains in Default under Section 5.03(a),
and ending when all of the Defaulting Member’s Defaults have been cured in full. 
 “Defaulting Member”
has the meaning set forth in Section 5.03(a). 
 “Defaulting Member Deemed Contribution Amount”
is defined in Section 5.03(b). 
 “Depreciation” means, for each Fiscal Year or other period, an amount equal
to the depreciation, amortization, or other cost recovery deduction allowable with respect to an Asset for such year or other period, except that if the Gross Asset Value of an Asset differs from its adjusted basis for Tax Purposes at the beginning
of such year or other period, except as required by Section 1.704-3(d) of the Treasury Regulations, Depreciation shall be an amount which bears the same proportion to such beginning Gross Asset Value as the Federal income tax depreciation,
amortization, or other cost recovery deduction for such year or other period bears to such beginning adjusted tax basis; provided, however, that if the Federal income tax depreciation, amortization, or other cost recovery deduction for
such year is zero, Depreciation shall be determined with reference to such beginning Gross Asset Value using any reasonable method selected by the Management Committee. 

“Design” and its derivatives mean, with respect to any facility or project, all activities relating to the engineering and
design thereof. 

  
 7 

 “Dispute” has the meaning set forth in Section 17.03(a). 

“Dispute Notice” has the meaning set forth in Section 17.03(b). 

“Due Date” has the meaning set forth in Section 5.03(a). 

“Economic Risk of Loss” has the meaning set forth in Treasury Regulation Section 1.752-2(a). 

“Effective Date” has the meaning set forth in the preamble of this Agreement. 

“Emergency Expenditure” has the meaning set forth in the Operating and Construction Management Agreement. 

“Emergency” has the meaning set forth in the Operating and Construction Management Agreement. 

“Enbridge” means Enbridge Energy Partners, L.P. 

“Enbridge Class A Units” has the meaning set forth in Section 3.01(h)(ii). 

“Enbridge Group” means Enbridge and any permitted Transferee of Enbridge who is a Member. 

“Encumbrance” means, with respect to any property or asset, any mortgage, deed of trust, lien, pledge, charge,
claim, security interest, restrictive covenant or easement or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable Law, as well as the interest of a vendor or lessor under any
conditional sale agreement, capital lease or other title retention agreement relating to such property or asset. 

“Encumber” and other derivatives shall be construed accordingly. 

“EP Bakken GP” means Enbridge Pipelines (Bakken) L.L.C., a Delaware limited liability company and wholly owned
subsidiary of Enbridge. 
 “EP Bakken LP” means Enbridge Pipelines (Bakken) L.P., a Delaware limited
partnership and subsidiary of Enbridge and EP Bakken GP. 
 “Equity Interests” means, with respect to any
Person, (a) capital stock, membership interests, partnership interests, other equity interests, rights to profits or revenue and any other similar interest in such Person, (b) any security or other interest convertible into or exchangeable
or exercisable for any of the foregoing, whether at the time of issuance or upon the passage of time or the occurrence of some future event, and (c) any warrant, option or other right (contingent or otherwise) to acquire any of the foregoing.

 “Executive Vice President Impasse” has the meaning set forth in Section 17.09(b). 

  
 8 

 “Executive Vice President Impasse Notice” has the meaning set
forth in Section 17.09(b). 
 “Existing Facilities” means the pipeline systems and related facilities
and equipment owned or leased by the Company and its Subsidiaries other than the Sandpiper Facilities. 

“Facilities” means, collectively, the Sandpiper Facilities, the Existing Facilities, and all Growth Capital
Projects and Non-Growth Integrity Projects (including all future Growth Capital Projects and Non-Growth Integrity Projects). 

“Fair Market Value” of an asset means the price at which a willing seller would sell, and a willing buyer would
buy, the asset, free and clear of all Encumbrances, in an arms’ length transaction for cash, without time constraints and without being under any compulsion to buy or sell. Except as otherwise provided herein, the Fair Market Value of an asset
shall be determined with Super-Majority Management Committee Approval. 
 “FERC” means the United States
Federal Energy Regulatory Commission. 
 “Fiscal Year” means the taxable year of the Company which shall end
on December 31 of each calendar year unless, for U.S. federal income tax purposes, another taxable year is required. 

“GAAP” means generally accepted accounting principles in the United States, consistently applied. 

“Governmental Authority” means any federal, state, local, municipal, tribal or other government; any
governmental, regulatory or administrative agency, commission, body or other authority exercising or entitle to exercise any administrative, executive, judicial, legislative, regulatory or taxing authority or power; and any court, governmental or
arbitral tribunal, including any tribal authority having or asserting jurisdiction. 
 “Gross Asset Value”
means with respect to any Asset, the Asset’s adjusted basis for Tax Purposes, except as follows: 
 (a) the initial Gross Asset Value of
any non-cash Asset contributed by a Member to the Company shall be the gross Fair Market Value of such Asset on the date of contribution; 

(b) the Gross Asset Values of all Assets shall be adjusted to equal their respective gross Fair Market Values (taking into account
Section 7701(g) of the Code) at each of the following times: 
 (i) the acquisition of additional Units by any new or existing Member in
connection with a contribution to the Company of cash or property other than a de minimis amount (within the meaning of Section 1.704-1(b)(2)(iv)(f) of the Treasury Regulations); 

(ii) the distribution by the Company to a Member of more than a de minimis amount of Company property as consideration for Units (within
the meaning of Section 1.704-1(b)(2)(iv)(f) of the Treasury Regulations); 

  
 9 

 (iii) the grant of Units as consideration for the provision of services to or for the benefit of
the Company by any new or existing Member (within the meaning of Section 1.704-1(b)(2)(iv)(f) of the Treasury Regulations); 

(iv) the liquidation of the Company within the meaning of Section 1.704-1(b)(2)(ii)(g) of the Treasury Regulations; and 

(v) the acquisition of an interest in the Company by any new or existing Member upon the exercise of a noncompensatory option in accordance
with Treasury Regulation Section 1.704-1(b)(2)(iv)(s). If any noncompensatory options are outstanding upon the occurrence of an event described in clause (i) above through this clause (v), the Company shall adjust
the Gross Asset Values of its properties in accordance with Treasury Regulation Sections 1.704-1(b)(2)(iv)(f)(1) and 1.704-1(b)(2)(iv)(h)(2); 

provided, however, that the adjustments pursuant to clauses (i), (ii), (iii) and (v) above shall be
made only if the Management Committee reasonably determines that such adjustments are necessary or appropriate to reflect the relative economic interests of the Members in the Company and, provided further, if any noncompensatory options are
outstanding upon the occurrence of an event described in this paragraph (b)(i) through (b)(v), the Company shall adjust the Gross Asset Values of its properties in accordance with Treasury Regulation Sections 1.704-1(b)(2)(iv)(f)(1)
and 1.704-1(b)(2)(iv)(h)(2); 
 (c) the Gross Asset Value of any non-cash Asset distributed to any Member shall be the gross
Fair Market Value of such non-cash Asset on the date of distribution; 
 (d) the Gross Asset Values of Assets shall be increased (or
decreased) to reflect any adjustments to the adjusted basis of such Assets pursuant to Sections 734(b) or 743(b) of the Code, but only to the extent that such adjustments are taken into account in determining the Capital Accounts pursuant to
Section 1.704-1(b)(2)(iv)(m) of the Treasury Regulations, and subsection (g) under the definition of Net Profits and Net Losses below; provided, however, that Gross Asset Values shall not be adjusted pursuant to
this subsection to the extent that the Management Committee reasonably determines that an adjustment pursuant to subsection (b) of this definition is necessary or appropriate in connection with a transaction that would otherwise result
in an adjustment pursuant to this subsection; and 
 (e) if the Gross Asset Value of an Asset has been determined or adjusted pursuant to
subsection (a), (b) or (d) of this definition, such Gross Asset Value shall thereafter be adjusted by the Depreciation taken into account with respect to such asset for purposes of computing Net Profits and Net
Losses and items of income, gain, loss and deduction to be allocated to the Members. 
 “Growth Capital Project”
means (a) the projects described on Schedule I attached hereto, (b) the acquisition, design, development or construction of any additional assets or facilities by the Company or any of its Subsidiaries, (c) with respect to any
physical Asset, any physical enhancement or series of physical enhancements that would increase the throughput capacity (including by expanding pump station capability) or extend the useful life or operational efficiency, of or to any existing
portion of such Asset, or (d) any additional tankage facilities to  

  
 10 

 
be constructed on property owned by the Company or any of its Subsidiaries, in the cases of clauses (b), (c), and (d), related to the transportation of crude oil by pipeline
and related activities to or from the Williston Basin in Montana and North Dakota; provided, however, that for the avoidance of doubt, none of the following shall be a “Growth Capital Project” hereunder: (i) any project
related to any Growth Capital Project included in a previously approved Budget (or Budget Amendment, Participatory Growth Capital Project Budget or Non-Participatory Growth Capital Project Budget (or amendment thereto)) after giving effect to any
variance thereto permitted pursuant to the Operating and Construction Management Agreement, (ii) any Emergency Expenditure, Long Term Response Expenditures or any Non-Growth Integrity Project, (iii) additional tankage facilities to be
constructed at Enbridge Energy, Limited Partnership’s terminal located in Superior, Wisconsin, (iv) any project related to the transportation of crude oil by means other than pipeline, and (v) any projects related to the Lakehead
System (the projects identified in clauses (iii), (iv) and (v), the “Non-Company Projects”). 
 “Growth
Capital Project Expenditures” means with respect to any Reimbursed Growth Capital Project, the total capital expenditures made by the Company or by Enbridge or any of its Affiliates on behalf of the Company, EP Bakken GP or EP Bakken
LP in respect of such Reimbursed Growth Capital Project prior to the Sandpiper Project In-Service Date. 
 “Growth
Capital Project Expenditures Amount” means an aggregate amount equal to the amount of all Growth Capital Project Expenditures. 

“Growth Capital Project Reimbursement Amount” means an aggregate amount equal to the amount of all Growth
Capital Project Reimbursement Contributions. 
 “Growth Capital Project Reimbursement Contribution” has the
meaning set forth in Section 14.01(c). 
 “Growth Capital Project Request” has the meaning set
forth in Section 14.01(a). 
 “Independent Appraiser” has the meaning set forth in Section
17.09(d)(ii). 
 “Impasse” has the meaning set forth in Section 17.09(b). 

“Impasse Notice” has the meaning set forth in Section 17.09(b). 

“Initial Capital Account Balance” has the meaning set forth in Section 5.06(b). 

“Initial Election Period” has the meaning set forth in Section 14.01(a). 

“Initial Offer Price” has the meaning set forth in Section 17.09(e)(i). 

“Initiating Holder” has the meaning set forth in Section 13.07(a). 

“Interest Rate” means the rate of interest per annum publicly announced from time to time by Wells Fargo Bank,
National Association as its prime rate in effect plus 3%. Each change in the rate of interest shall be effective from and including the date such change is publicly announced as being effective (or, if such rate is contrary to any applicable
usury Law, the maximum rate permitted by such applicable Law). 

  
 11 

 “Lakehead System” has the meaning set forth in the Transaction
Agreement. 
 “Law” means any constitution, decree, resolution, law, statute, act, ordinance, rule,
directive, order, arbitral award, treaty, code or regulation and any injunction or final non-appealable judgment or any interpretation of the foregoing, as enacted, issued or promulgated by any Governmental Authority. 

“Liabilities” means any and all Claims, payments, charges, judgments, assessments, liabilities, losses,
damages, penalties, fines or costs and expenses, including any reasonable fees of attorneys, experts, consultants, accountants, and other professional representatives and legal or other expenses incurred in connection therewith and including
liabilities, costs, losses and damages for personal injury, illness or death, property damage, Contract claims, torts or otherwise. 

“Liquidating Trustee” has the meaning set forth in Section 16.03(a). 

“Long Term Response Expenditures” means the costs (other than Emergency Expenditures), required in
Operator’s reasonable discretion, to (i) restore the Assets or re-obtain compliance with applicable Laws following, and directly resulting from, an Emergency and (ii) to address or mitigate the effects of such Emergency in accordance
with the ordinary course standards, policies and procedures of Operator and its Affiliates in relation to similar Emergencies with respect to assets of a similar nature as those affected by such Emergency. For the avoidance of doubt, costs
associated with Non-Growth Integrity Projects shall not be Long Term Response Expenditures. 
 “Management
Committee” has the meaning set forth in Section 8.01(a). 
 “Management Committee
Alternate” has the meaning set forth in Section 8.02(a). 
 “Management Committee
Approval” has the meaning set forth in Section 8.01(b). 
 “Management Fee” has
the meaning set forth in the Operating and Construction Management Agreement. 
 “Manager” has the meaning set forth in
Section 8.01(a). 
 “Marathon Shipper” means Marathon Petroleum Company LP, a Delaware limited
partnership and an Affiliate of Williston. 
 “Marathon Shipper Reimbursement Payment” has the meaning set
forth in Section 16.06(c). 
 “Marathon TSA” means that certain Transportation Services Agreement between the
Company and Marathon Shipper. 

  
 12 

 “Mediation Date” has the meaning set forth in Section 17.09(c). 

“Mediation Drop Dead Date” has the meaning set forth in Section 17.09(c). 

“Member” means any Person executing this Agreement as of the date hereof as a member or hereafter admitted to
the Company as a member as provided in this Agreement, but such term does not include any Person who has ceased to be a member of the Company. 

“Member Covered Person” means, with respect to each Member, (a) such Member in its capacity as a Member
(including in its capacity as Tax Matters Member, if applicable), (b) each of such Member’s officers, directors, liquidators, partners, equityholders, managers and members in their capacity as such, (c) each of such Member’s
Affiliates (other than the Company and its Subsidiaries) and (d) each of their respective officers, directors, liquidators, partners, equity holders, managers and members in their capacity as such and any representatives, agents or employees of
any Person identified in clauses (a)-(c) of this definition whom the Management Committee expressly designates as a Member Covered Person with Super-Majority Management Committee Approval (and, if prior to the Sandpiper Project
In-Service Date, the consent of a Williston Manager); provided, that, Member Covered Person shall not include any of the foregoing Persons to the extent that they are acting in the capacity of the Operator (or a director, manager, officer,
employee or representative thereof). 
 “Member Indemnitees” has the meaning set forth in Section 10.07. 

“Member Indemnitors” has the meaning set forth in Section 10.07. 

“Member Schedule” has the meaning set forth in Section 3.01(g). 

“MPLX LP” means MPLX LP, a Delaware limited partnership. 

“Negotiation Period” has the meaning set forth in Section 17.03(c). 

“Net Earnings” means, for a period, the net sum of the aggregate amount of (a) all cash or cash
equivalents (other than contributions and loans) received by the Company during such period minus (b) the amount of operating cost and expenses paid during such period (or if the Company, for such period, does not have any operating
costs or expenses, expenses paid during such period which are similar in nature to operating costs and expenses). 
 “Net
Profits” or “Net Losses” means, for any Fiscal Year, an amount equal to the Company’s taxable income or taxable loss for such Fiscal Year, as determined under Section 703(a) of the Code (including all items
required to be separately stated under Section 703(a)(1) of the Code) and Section 1.703-1 of the Treasury Regulations, but with the following adjustments: 

(a) any tax-exempt income, as described in Section 705(a)(1)(B) of the Code, realized by the Company and not otherwise taken into account
in this subsection shall be added to such taxable income or taxable loss; 

  
 13 

 (b) any expenditures of the Company described in Section 705(a)(2)(B) of the Code for such
Fiscal Year or treated as being so described in Section 1.704-1(b)(2)(iv)(i) of the Treasury Regulations and not otherwise taken into account in this subsection shall be subtracted from such taxable income or taxable loss; 

(c) in the event the Gross Asset Value of any Asset is adjusted pursuant to subsection (b) or (c) of the definition of
“Gross Asset Value,” the amount of such adjustment shall be taken into account as gain or loss from the disposition of such asset for purposes of computing Net Profit or Net Loss; 

(d) any item of income, gain, loss or deduction that is required to be specially allocated to a Member under Section 6.02 or
Section 6.03, shall not be taken into account in computing such taxable income or taxable loss; 
 (e) the amount of any gain or
loss required to be recognized by the Company during such Fiscal Year by reason of a sale or other disposition of any Asset, shall be computed as if the Company’s adjusted basis in such Asset for Tax Purposes were equal to the Gross Asset Value
(net of Depreciation) of the Asset disposed of, notwithstanding that the adjusted tax basis of such Asset differs from its Gross Asset Value; 

(f) in lieu of depreciation, amortization and other cost recovery deductions taken into account in computing such taxable income or loss, there
shall be taken into account Depreciation for the Fiscal Year or other applicable period; 
 (g) to the extent an adjustment to the adjusted
tax basis of any Asset pursuant to Section 734(b) or Section 743(b) of the Code is required pursuant to Section 1.704-1(b)(2)(iv)(m) of the Treasury Regulations in determining Capital Accounts, the amount of such adjustment
shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases the basis of the asset) from the disposition of the Asset and shall be taken into account for purposes of computing such
taxable income or taxable loss; and 
 (h) Special Net Profits and Special Net Losses (and items thereof) and items allocable with respect to
a Non-Participatory Growth Capital Project that are described in Section 6.02(i) or Section 6.03 shall not be taken into account in computing Net Profits and Net Losses. 

If the Company’s taxable income or taxable loss for such Fiscal Year, as adjusted in the manner provided above in subsections (a) through
(g) of this definition, is (i) a positive amount, such amount shall be the Net Profits for such Fiscal Year or (ii) a negative amount, such amount shall be the Net Losses for such Fiscal Year. 

“Non-Company Projects” has the meaning set forth in the definition of “Growth Capital Project.” 

“Non-Conflicted Member” means, in the context of a Conflict Activity, any Member that is not the Conflicted
Member with respect to such Conflict Activity. 

  
 14 

 “Non-Growth Integrity Project” means any capital project
(excluding any Long Term Response Expenditures) that Operator determines in its reasonable discretion is necessary, except in the case of or resulting from an Emergency, (a) in order for the Facilities to comply with applicable Laws or
(b) in order to maintain or restore the integrity and safe operation of the Facilities and to prevent damage to any portion of the Facilities or personal injury of any person beyond that which Operator is required to do in order to meet the
Standard of Care under the Operating and Construction Management Agreement. 
 “Non-Participating Member”
means, with respect to any Non-Participatory Growth Capital Project, the Member that elects not to participate in such Non-Participatory Growth Capital Project. 

“Non-Participatory Growth Capital Project” has the meaning set forth in Section 14.01(d). 

“Non-Participatory Growth Capital Project Amount” means, at any time of determination and with respect to any
Member with respect to any Non-Participatory Growth Capital Project, three times the amount of the Non-Participatory Growth Capital Project Contributions made by such Member with respect to such Non-Participatory Growth Capital Project, less all
distributions made to such Member prior to such time of determination on account of such Non-Participatory Growth Capital Project pursuant to Section 7.01(b)(i). 

“Non-Participatory Growth Capital Project Budget” has the meaning set forth in Section 14.01(d)(i).

 “Non-Participatory Growth Capital Project Contribution” has the meaning set forth in
Section 5.02(f). 
 “Non-Proposing Member” has the meaning set forth in
Section 14.01(a). 
 “Officers” has the meaning set forth in Section 8.09(a). 

“Open Season” has the meaning set forth in the Marathon TSA. 

“Operating and Construction Management Agreement” means that certain Operating and Construction Management
Agreement, dated as of the Effective Date, between the Company and the Operator, attached hereto as Exhibit B (or, if applicable, any subsequent agreement entered into pursuant to Section 9.01). 

“Operator” means Enbridge (U.S.) Inc., or such other entity providing services to the Company pursuant to the
Operating and Construction Management Agreement. 
 “Opt Out Sandpiper Call Notice” has the meaning set forth
in Section 5.02(b). 
 “Original Agreement” has the meaning set forth in the recitals of this
Agreement. 
 “Other Investments” has the meaning set forth in Section 3.03(a)(i). 

“Participatory Growth Capital Project Budget” has the meaning set forth in Section 14.01(c). 

  
 15 

 “Payout Date” has the meaning set forth in Section 14.01(a). 

“Person” means any individual, partnership, corporation, limited liability company, trust or other entity. 

“Pipeline Operations” means, collectively, the ownership, operation, maintenance, repair, start-up,
commissioning and decommissioning of the Facilities. 
 “Precedent Agreement” means that Precedent Agreement,
dated as of the Effective Date, between the Company and Marathon Shipper. 
 “Procurement” and its
derivatives mean all activities relating to the procurement and handling of all services, materials, equipment and construction equipment necessary for any Design and Construction of the Facilities. 

“Project Sandpiper Liquidating Trustee” has the meaning set forth in Section 16.06(a). 

“Projected In-Service Date” has the meaning set forth in Section 14.01(a). 

“Proposing Member” has the meaning set forth in Section 14.01(a). 

“Purchasing Member” has the meaning set forth in Section 17.09(d)(iii). 

“Records” has the meaning set forth in Section 4.01(a). 

“Recovery Claim” has the meaning set forth in the Operating and Construction Management Agreement. 

“Regulatory Allocations” has the meaning set forth in Section 6.03. 

“Reimbursed Growth Capital Project” has the meaning set forth in Section 14.01(c). 

“Renounced Business Opportunity” has the meaning set forth in Section 3.03(c). 

“Revolver” has the meaning set forth in Section 15.01(d). 

“Sale Notice” has the meaning set forth in Section 13.07(a). 

“Sandpiper Facilities” means the crude oil pipeline system and related facilities and equipment described in
Schedule II. 
 “Sandpiper Project” means the Design, Construction and Procurement of the
Sandpiper Facilities. 
 “Sandpiper Project In-Service Date” means the date on which the Sandpiper Facilities
are placed into commercial service. 
 “Sandpiper Project Spend Profile” has the meaning set forth in
Section 17.08. 

  
 16 

 “Securities Act” means the Securities Act of 1933, as amended, and
the rules and regulations thereunder as in effect from time to time. 
 “Seller Appraiser” has the meaning set forth in
Section 17.09(d)(ii). 
 “Selling Member” has the meaning set forth in Section 17.09(d)(iii). 

“Senior Vice President Impasse” has the meaning set forth in Section 17.09(b). 

“Senior Vice president Impasse Notice” has the meaning set forth in Section 17.09(b). 

“Special Available Cash” means, with respect to any Non-Participatory Growth Capital Project for any period, the net of the
cash proceeds received by the Company that are fairly attributable to such Non-Participatory Growth Capital Project (including cash proceeds from the sale of the Non-Participatory Growth Capital Project or insurance proceeds from the damage or
destruction of the Non-Participatory Growth Capital Project) less all expenses (including loans) paid with respect to such Non-Participatory Growth Capital Project and any amounts applied to any reserves necessary to account for the usual and
ordinary expenses to be incurred by the Company in connection with the development, operation and maintenance of such Non-Participatory Growth Capital Project, including (a) all operating and capital costs and expenses (including, for the
avoidance of doubt, construction costs) that are fairly attributable to such Non-Participatory Growth Capital Project; (b) the portion of the Management Fee that is fairly attributable to such Non-Participatory Growth Capital Project and the
Construction G&A Fee paid with respect to such Non-Participatory Growth Capital Project; (c) ad valorem taxes and assessments on real and personal property of the Company and its Subsidiaries that are fairly attributable to such
Non-Participatory Growth Capital Project; and (d) capital costs and expenses (including, for the avoidance of doubt, construction costs) for Non-Growth Integrity Projects, Long Term Response Expenditures or Emergency Expenditures with respect
to such Non-Participatory Growth Capital Project. 
 “Special Capital Account” has the meaning set forth in
Section 5.06(d). 
 “Special Net Losses” means, with respect to any Non-Participatory Growth
Capital Project, a computation with respect to such Non-Participatory Growth Capital Project calculated in the same manner as Net Losses are computed, but taking into account only items relating to such Non-Participatory Growth Capital Project. 

“Special Net Profits” means, with respect to any Non-Participatory Growth Capital Project, a computation with respect
to such Non-Participatory Growth Capital Project calculated in the same manner as Net Profits are computed, but taking into account only items relating to such Non-Participatory Growth Capital Project. 

“Special Target Amount” means, with respect to any Member with respect to any Non-Participatory Growth Capital
Project for any taxable year of the Company, an amount (which may be either a positive or negative balance) equal to the hypothetical distribution (or contribution) such Member would receive (or contribute) if the Non-Participatory Growth Capital
Project, including cash reserves attributable thereto, was sold for cash equal to its Gross Asset Value (taking into account any adjustments to Gross Asset Value for the taxable year), all 

  
 17 

 
liabilities allocable to the assets were then satisfied according to their terms (limited, with respect to each nonrecourse liability, to the Gross Asset Value securing such liability) and all
remaining proceeds from the disposition of the Non-Participatory Growth Capital Project were distributed pursuant to Section 7.01(b), reduced by the amount of partnership minimum gain and partner nonrecourse debt minimum gain (as defined
in Section 1.704-2 of the Treasury Regulations) that would be charged back to the Member from the disposition of the Non-Participatory Growth Capital Project as determined pursuant to Section 1.704-2 of the Treasury Regulations or any
successor provisions immediately prior to the sale. 
 “Subject Units” has the meaning set forth in
Section 17.09(d)(i). 
 “Subsidiary” means, with respect to any Person, any corporation,
partnership, limited liability company, joint venture or other legal entity of any kind of which such Person (either alone or through or together with one or more of its other Subsidiaries), owns, directly or indirectly, more than 50% of the capital
stock, general partner interests, limited partner interests, managing member interests or other Equity Interests the holders of which are (a) generally entitled to vote for the election of the board of directors or other governing body of such
legal entity or (b) generally entitled to share in the profits or capital of such legal entity. 
 “Substitute
Member” means any Person who acquires from a Member any or all of the Units held by such Member and is admitted to the Company as a Member pursuant to the provisions of Section 13.03. 

“Super-Majority Management Committee Approval” has the meaning set forth in Section 8.01(c). 

“Tag-Along Seller” has the meaning set forth in Section 13.07(a). 

“Tax” means any taxes, charges, fees and other assessments imposed by any Governmental Authority, including
income, margin, profits, gross receipts, net proceeds, alternative or add-on minimum, ad valorem, real property, personal property, value added, turnover, sales, use, environmental, stamp, leasing, lease, user, excise, duty, franchise, capital
stock, transfer, registration, license, withholding, social security (or similar), unemployment, disability, payroll, employment, or other tax, including any interest, penalty, or addition thereto, whether disputed or not. 

“Tax Matters Member” has the meaning set forth in Section 4.05(a). 

“Tax Purposes” means for purposes of Federal income taxation and for purposes of certain State income tax laws
that incorporate or follow Federal income tax principles. 
 “Third Party” means any Person other than
(a) the Company, (b) any direct or indirect Subsidiary of the Company and (c) any Member or any Affiliate of any such Member. 

“Topping Purchase Price” has the meaning set forth in Section 17.09(e). 

“Topping Purchasing Member” has the meaning set forth in Section 17.09(e). 

  
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 “Topping Selling Member” has the meaning set forth in Section
17.09(e). 
 “Topping Unit Price” has the meaning set forth in Section 17.09(e). 

“Total Votes” has the meaning set forth in Section 8.03(a). 

“Transaction Agreement” means that certain Transaction Agreement, dated as of the date hereof, between Enbridge
and Williston. 
 “Transfer” means the sale, assignment, pledge, hypothecation, conveyance, transfer or other
voluntary or involuntary disposition (by gift or otherwise, and whether as security or otherwise) by a Member of all or a portion of his, her or its Units. “Transferor,” “Transferee,” “Transferred”
and “Transferring” have meanings corresponding to the foregoing. 
 “Treasury Regulations”
means the regulations promulgated by the U.S. Department of the Treasury under the Code, as they may be amended from time to time. All references herein to sections of the Treasury Regulations shall include any corresponding provision or provisions
of succeeding, similar, substitute, temporary or final Treasury Regulations. 
 “Unit” means a membership interest in the
Company of a Member representing a fractional part of the membership interests of all the Members (including the Class A Units and the Class B Units); provided, however, that any class or group of Units issued shall have the
relative rights, powers and duties set forth in this Agreement. 
 “Wholly-Owned Affiliate” means, with
respect to any Member, an Affiliate of such Member that is wholly owned, directly or indirectly, by the ultimate parent of such Member. 

“Williston” means Williston Basin Pipe Line LLC, a Delaware limited liability company. 

“Williston Class A Units” has the meaning set forth in Section 3.01(h)(i). 

“Williston Effective Date Capital Contribution” has the meaning set forth in Section 3.01(c). 

“Williston Group” means Williston and any permitted Transferee of Williston who is a Member. 

“Williston Managers” is defined in Section 8.02(a). 

Section 1.02 Other Definitions. Other terms defined herein have the meanings so given them. 

Section 1.03 Construction. Whenever the context requires, the gender of all words used in this Agreement includes the
masculine, feminine, and neuter. Whenever the context requires, words imparting the singular number shall include the plural, and words imparting the plural number shall include the singular. All references to Articles and Sections refer to articles
and sections of this Agreement, all references to “employed by the Company” shall be construed as meaning “employed by the Company or any direct or indirect wholly-owned Subsidiary of the 

  
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Company,” all references to “including” shall be construed as meaning “including without limitation” and all references to Exhibits are to Exhibits attached to this
Agreement, each of which is made a part of this Agreement for all purposes. The words “hereof,” “hereto,” “hereby,” “herein,” “hereunder” and words of similar import, when used in this Agreement,
shall refer to this Agreement as a whole and not to any particular section or article in which such words appear. The word “or” shall not be exclusive. The word “U.S.” means the United States of America, the word
“Federal” means U.S. federal and the word “State” means any U.S. state. Whenever this Agreement refers to a number of days, such number shall refer to calendar days unless Business Days are specified. Whenever any action must be
taken hereunder on or by a day that is not a Business Day, then such action may be validly taken on or by the next day that is a Business Day. Any rule of construction to the effect that any ambiguities are to be resolved against the drafting
Member, or any similar rule operating against the drafter of an agreement, shall not be applicable to the construction or interpretation of this Agreement. 

ARTICLE II 

ORGANIZATIONAL AND OTHER MATTERS 

Section 2.01 Formation. The Company was formed as a Delaware limited liability company pursuant to and in accordance with the
provisions of the Act upon the filing of a Certificate conforming to the Act in the office of the Secretary of State of the State of Delaware. The rights and obligations of the Members and the administration and termination of the Company shall be
governed by this Agreement and the Act. This Agreement is the “limited liability company agreement” of the Company within the meaning of Section 18-101(7) of the Act. To the extent that this Agreement is inconsistent in any respect
with the Act, this Agreement shall control, unless otherwise provided under the Act. 
 Section 2.02 Name. The name of the
Company is “North Dakota Pipeline Company LLC” and the business of the Company shall be conducted under that name, or under any other name adopted by the Management Committee in accordance with the Act. 

Section 2.03 Limited Liability. The debts, obligations and liabilities of the Company, whether arising in contract, tort or
otherwise, shall be the debts, obligations and liabilities solely of the Company, and a Member shall not be obligated personally for any of such debts, obligations or liabilities solely by reason of being a Member. 

Section 2.04 Registered Office; Registered Agent; Principal Office in the United States; Other Offices. The registered office of
the Company in the State of Delaware shall be the initial registered office designated in the Certificate or such other office (which need not be a place of business of the Company) as the Management Committee may designate from time to time in the
manner provided by Law. The registered agent of the Company in the State of Delaware shall be the initial registered agent designated in the Certificate or such other Person or Persons as the Management Committee may designate from time to time in
the manner provided by Law. The principal office of the Company in the United States shall be at such place as the Management Committee may designate from time to time. The Company may have such other offices as the Management Committee may
determine appropriate. 

  
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 Section 2.05 Purposes. The purposes of the Company are to engage, directly or
indirectly through its Subsidiaries, in the acquisition, design, development, construction, operation, and management of traditional crude oil pipeline facilities to or from the Williston Basin in Montana and North Dakota and to engage in such other
activities and services as are directly related thereto. 
 Section 2.06 Foreign Qualification. Prior to conducting business in
any jurisdiction other than the State of Delaware, the Management Committee shall cause the Company to comply, to the extent procedures are available, with all requirements necessary to qualify the Company as a foreign limited liability company in
such jurisdiction. Each Member shall execute, acknowledge, swear to and deliver all certificates and other instruments conforming to this Agreement that are necessary or appropriate to qualify, or, as appropriate, to continue or terminate such
qualification of, the Company as a foreign limited liability company in all such jurisdictions in which the Company may conduct business. 

Section 2.07 Term. The Company commenced on the date the Certificate was filed with the Secretary of State of the State of
Delaware and shall continue in existence until it is liquidated or dissolved in accordance with this Agreement and the Act. 
 ARTICLE III

 MEMBERS; REPRESENTATIONS 

Section 3.01 Units; Members. 

(a) Unit Designations. The Units shall initially be divided into two classes of Units referred to as “Class A Units”
and “Class B Units.” The Company is initially authorized to issue an unlimited number of Class A Units and Class B Units. 

(b) Issuance of Initial Class A Units. On the Effective Date, (i) all of the membership interests held by Enbridge immediately
prior to the Effective Date will be converted into the right to receive from the Company 1,000 Class A Units, and (ii) the Company will issue to Enbridge such Class A Units, as set forth opposite its name on Schedule III
under the heading “Initial Class A Units.” 
 (c) Issuance of Initial Class B Units. On the Effective Date,
(i) the Company will issue to Enbridge the number of Class B Units set forth opposite its name on Schedule III under the heading “Initial Class B Units” (which number of Class B Units equals 62.5% of the Aggregate
Pre-Effective Date SP Capital Expenditures divided by $1.00) and (ii) Williston will contribute to the Company cash in the amount set forth opposite its name on Schedule III under the heading “Effective Date Capital
Contribution Amount” (which contribution amount equals 37.5% of the Aggregate Pre-Effective Date SP Capital Expenditures (the “Williston Effective Date Capital Contribution”)), and, in exchange for such
contribution, the Company will issue to Williston the number of Class B Units set forth opposite its name on Schedule III under the heading “Initial Class B Units” (which number of Class B Units equals the Williston Effective
Date Capital Contribution divided by $1.00). 

  
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 (d) Tax Treatment. The Members acknowledge and agree that the foregoing contributions and
Unit issuances shall be treated for U.S. federal income tax purposes, in accordance with Revenue Ruling 99-5 (Situation 2), as a contribution by Enbridge of all of the assets of the Company, EP Bakken GP and EP Bakken LP to a partnership in exchange
for an interest in the partnership and as a contribution by Williston of the Williston Effective Date Capital Contribution to a partnership in exchange for Class B Units in the partnership. 

(e) UCC Securities. Units shall constitute “securities” governed by Article 8 of the applicable version of the Uniform
Commercial Code, as amended from time to time after the Effective Date. 
 (f) Fractional Units. Any fractional Units that would
otherwise be issued pursuant to this Agreement shall be rounded to the nearest whole Unit (with any one-half Unit being rounded up to the nearest whole Unit). 

(g) Member Schedule. The Company shall maintain one or more schedules of all of the Members from time to time, including their
respective mailing addresses, number of Units held, and Class A Percentage Interests and Class B Percentage Interests (such schedules, as the same may be amended, modified or supplemented from time to time, collectively the “Member
Schedule”). A copy of the Member Schedule with respect to the Members holding Class A Units and Class B Units as of the Effective Date is attached as Schedule III. 

(h) Conversion of Class B Units. On the Sandpiper Project In-Service Date, all of the outstanding Class B Units held by Enbridge and
Williston will convert into an aggregate number of Class A Units (such number, the “Aggregate Converted Class A Units”) equal to (x) the product of (a) the Aggregate ISD Capital Expenditures, divided by
(b) $1.00, minus (y) the number of Class A Units then held by Enbridge and its Affiliates; provided, however, that if any Member is a Defaulting Member at the time of the Sandpiper Project In-Service Date, such
conversion shall be delayed until the earlier of (i) such time as such Member is no longer in Default or (ii) the expiration of all applicable Cure Periods. 

(i) In connection with such conversion, if Williston and its Wholly-Owned Affiliates then own Class B Units, Williston and any
of its Wholly-Owned Affiliates to which Williston has transferred any Class B Units in accordance with Article XIII will receive an aggregate number of Class A Units (the “Williston Class A
Units”) equal to (x) the sum of (A) the aggregate amount of all capital contributions made by Williston to the Company in respect of the Sandpiper Project (including, for the avoidance of doubt, the Williston Effective Date
Capital Contribution_but subject to Section 5.04(d)(i)(B)), plus (B) the Growth Capital Project Reimbursement Amount, minus (C) the Cure Amount (if applicable), divided by (y) $1.00. 

(ii) In connection with such conversion, Enbridge and any of its Wholly-Owned Affiliates to which Enbridge has transferred any
Class B Units in accordance with Article XIII will receive an aggregate number of Class A Units (the “Enbridge Class A Units”) equal to the Aggregate Converted Class A Units, minus the number of Williston
Class A Units. 

  
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 (i) Adjustments. If, at any time after the Sandpiper Project In-Service Date, any of the
Aggregate Interim SP Capital Expenditures is determined to have been incorrect at the time such Contribution Amount was made to the Company, then: 

(i) the Company shall recalculate the number of Williston Class A Units and Enbridge Class A Units in accordance with
Section 3.01(h)(i) and Section 3.01(h)(ii) using such amounts as adjusted to reflect the accurate Aggregate Interim SP Capital Expenditures, and the Member Schedules (and the number of Class A Units and the Class A
Percentage Interests of the Class A Members) shall be updated to reflect the adjusted number of Williston Class A Units and Enbridge Class A Units resulting from such recalculation; 

(ii) in the event the Class A Members have made capital contributions in respect of any Call Notices subsequent to the
Sandpiper Project In-Service Date but prior to (x) the adjustment contemplated by clause (ii) above or (y) the issuance of any Class A Units pursuant to Section 5.02(c)(z) and the resulting adjustment to the
Class A Units and Class A Percentage Interests of the Class A Members, then in connection with any Call Notice issued to the Class A Members subsequent to any such adjustment, the Class A Member whose Class A Percentage
Interest was increased in such adjustment shall fund all or such portion of such subsequent Capital Call(s) as is necessary to result in such Class A Member having made aggregate capital contributions to the Company in the amount that such
Class A Member would have made pursuant to such earlier Call Notices had the adjusted Class A Percentage Interest been known at the Sandpiper Project In-Service Date; and 

(iii) in the event the Company has made distributions to the Class A Members subsequent to the Sandpiper Project
In-Service Date but prior to (x) the adjustment contemplated by clause (ii) above or (y) the issuance of any Class A Units pursuant to Section 5.02(c)(z) and the resulting adjustment to the Class A Units and
Class A Percentage Interests of the Class A Members, then in connection with any distribution made to the Class A Members subsequent to any such adjustment the Class A Member whose Class A Percentage Interest was increased
in such adjustment shall receive all or such portion of such subsequent distributions as is necessary to result in such Class A Member having received aggregate distributions pursuant to this Agreement in the amount that such Class A
Member would have received pursuant to such earlier distributions had the adjusted Class A Percentage Interest been known at the Sandpiper Project In-Service Date. 

Section 3.02 Unit Certificates. Units may be (but need not be) represented by certificates in such form as the Management
Committee shall from time to time approve, but shall be recorded in a register thereof maintained by the Company, and shall be subject to such rules for the issuance thereof as the Management Committee may from time to time determine. If the
Management Committee elects to certificate the Units and a mutilated certificate is surrendered to the Company, or if a Member claims and submits an affidavit or other evidence satisfactory to the Company to the effect that its certificate has been
lost, destroyed or wrongfully taken, the Company shall issue a replacement certificate if the Company’s requirements are met. If required by the Management Committee, such Member must provide an

  
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indemnity bond, or other form of indemnity, sufficient in the judgment of the Management Committee to protect the Company against any loss which may be suffered by the Company. The Company may
charge such Member for its reasonable out-of-pocket expenses in replacing a certificate which has been mutilated, lost, destroyed or wrongfully taken. 

Section 3.03 Conflicts of Interest. 

(a) Generally. Each of the Company and the Members acknowledges and affirms that each of the Members and their respective Affiliates:

 (i) (A) have participated (directly or indirectly) and/or will participate (directly or indirectly) in investments in
corporations, joint ventures, general partnerships, limited liability companies, limited partnerships and other entities, including those engaged in various aspects of businesses that may be, are or will be competitive with the Business or that
could be suitable for the Company or its Subsidiaries (“Other Investments”), (B) have interests in, participate with, aid and maintain seats on the boards of directors or similar governing bodies of, Other Investments, and
(C) may develop or become aware of business opportunities for Other Investments; and 
 (ii) may or will, as a result of
or arising from the matters referenced in clause (i) above, the nature of the Members’ and their respective Affiliates’ respective businesses and other factors, have conflicts of interest or potential conflicts of interest.

 (b) Waiver of Conflicts. Except with respect to Growth Capital Projects, which the Members hereby acknowledge and agree must be
pursued through the Company or its Subsidiaries and offered by the Proposing Member to the other Member for its participation, in each case in accordance with Section 14.01, and without limiting in any respect the Operator’s duties
under the Operating and Construction Management Agreement, each of the Company and the Members (in its own name and in the name and on behalf of its Subsidiaries) expressly (x) waives any such conflicts of interest and agrees that none of the
Members or their respective Affiliates shall have any liability to any Person, including any Member or Affiliate thereof or the Company or its Affiliates with respect to such conflicts of interest or potential conflicts of interest and
(y) acknowledges and agrees that none of the Members or their respective Affiliates or any of their respective representatives shall have any duty to disclose to the Company, any other Member or the Management Committee any business
opportunities, whether or not competitive with the Business and whether or not the Company or any of its Subsidiaries might be interested in such business opportunities for itself. Each of the Company and the Members (in its own name and in the name
and on behalf of its Subsidiaries) also acknowledges that the Members, their respective Affiliates and their representatives have a duty not to disclose confidential information of or related to the Other Investments. Each of the Company and the
Members (in its own name and in the name and on behalf of its Subsidiaries) hereby: 
 (i) agrees that (A) the terms of
this Section 3.03 to the extent that they modify or limit a duty or other obligation, if any, that any of the foregoing may have to the Company or another Member under the Act or other applicable Law, rule or regulation, are reasonable
in form, scope and content; and (B) the terms of this Section 3.03 shall control to the fullest extent possible if such terms conflict with a duty, if any, that any of the foregoing may have to the Company or another Member under
the Act or any other applicable Law, rule or regulation; and 

  
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 (ii) waives any duty or other obligation, if any, that any Member or any of their
respective Affiliates may have to the Company or any Member, pursuant to the Act or any other applicable Law, rule or regulation, to the extent necessary to give effect to the terms of this Section 3.03. 

(c) Business Opportunities. Subject to Section 17.06 and without limiting in any respect the Operator’s duties under
the Operating and Construction Management Agreement and except with respect to Growth Capital Projects, which the Members hereby acknowledge and agree must be pursued through the Company or its Subsidiaries and offered by the Proposing Member to the
other Member for its participation, in each case in accordance with Section 14.01, but otherwise to the fullest extent permitted by Law, each of the Company and the Members (in its own name and in the name and on behalf of its
Subsidiaries) hereby renounces any interest or expectancy in any business opportunity, transaction or other matter in which either Member or their respective Affiliates participate or desire to participate and that involves any aspect related to the
Business of the Company or its Subsidiaries, other than any such business opportunity that is presented to a Manager solely in such individual’s capacity as a Manager (whether at a meeting of the Management Committee or otherwise) and with
respect to which neither the Member that designated such Manager nor any of its Affiliates had independently received notice of such business opportunity prior to disclosure to the Manager in its capacity as Manager (each such business opportunity,
a “Renounced Business Opportunity”). None of the Members or their respective Affiliates shall have any obligation to communicate or offer any Renounced Business Opportunity to the Company or its Subsidiaries or the other Member and
may pursue any Renounced Business Opportunity solely for its own account. 
 (d) Acknowledgement. Each of the Company and the Members
(in its own name and in the name and on behalf of its Subsidiaries) acknowledges, affirms and agrees that (i) the execution and delivery of this Agreement by each Member is of material benefit to the Company and its Subsidiaries and the other
Member, and that neither Member would be willing to (A) execute and deliver this Agreement and (B) make its agreed respective capital contributions to the Company, without the benefit of this Section 3.03 and the agreement of
the parties thereto; and (ii) it has reviewed and understands the provisions of §§ 18-1101(b) and (c) of the Act. 

Section 3.04 Representations, Warranties and Covenants.  

(a) Each Member, severally and not jointly, hereby represents and warrants to the Company and each other Member that the following statements
are true and correct as of the date hereof: 
 (i) (A) such Member is duly incorporated, organized or formed (as applicable),
validly existing, and (if applicable) in good standing under the Laws of the jurisdiction of its incorporation, organization or formation; and (B) such Member has full power and authority to execute and deliver this Agreement and to perform its
obligations hereunder, and all necessary actions by its board of directors, shareholders, managers, members, partners, trustees, beneficiaries or other applicable Persons necessary for the due authorization, execution, delivery and performance of
this Agreement by such Member have been duly taken; 

  
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 (ii) such Member has duly executed and delivered this Agreement and the other
documents contemplated herein, and, assuming due execution by the other parties hereto and thereto, each of this Agreement and such other documents constitutes the legal, valid and binding obligation of such Member enforceable against it in
accordance with its terms (except as may be limited by bankruptcy, insolvency or similar Laws of general application and by the effect of general principles of equity, regardless of whether considered at law or in equity); 

(iii) such Member’s authorization, execution, delivery, and performance of this Agreement does not and shall not
(A) conflict with, or result in a breach, default or violation of, (1) the organizational documents of such Member, (2) any contract, obligation or agreement to which such Member is a party or is otherwise subject, or (3) any
Law, order, judgment, decree, writ, injunction or arbitral award to which such Member is subject; or (B) require any consent, approval or authorization from, filing or registration with, or notice to, any Governmental Authority or other Person,
unless such requirement has already been satisfied; 
 (iv) the Units to be acquired by such Member pursuant to this
Agreement will be acquired for investment for such Member’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof in violation of applicable securities Laws; 

(v) such Member is an experienced investor in securities and acknowledges that it can bear the economic risk of its investment
in the Units acquired pursuant to this Agreement and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the investment in the Units; 

(vi) such Member is an Accredited Investor; 

(vii) such Member understands that the Units issued hereunder have not been, and will not be, registered under the Securities
Act, by reason of a specific exemption from the registration provisions of the Securities Act, which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of such Member’s representations as expressed
herein; such Member further understands that the Units acquired by it hereunder are “restricted securities” under applicable U.S. federal and state securities Laws and that, pursuant to these Laws, such Member must hold the Units acquired
by it hereunder indefinitely unless they are registered with the Commission and qualified by state authorities, or an exemption from such registration and qualification requirements is available; and 

(viii) such Member understands that no public market now exists for the Units or any other securities issued by the Company,
and that the Company has made no assurances that a public market will ever exist for the Units or any other securities issued by the Company. 

  
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 (b) Williston hereby covenants to the Company and Enbridge that it shall maintain a guaranty, in
the form attached hereto as Exhibit C, from Marathon Petroleum Corporation in favor of the Company of all of its contribution obligations under Section 5.02(b) and Section 5.02(c)(z). For the avoidance of doubt, such
guaranty shall only apply to the first $1,220,000,000 contributed by Williston pursuant to Section 5.02(b) and Section 5.02(c)(z). 

ARTICLE IV 
 BOOKS AND
RECORDS 
 Section 4.01 Books, Records, Access. 

(a) The Company shall keep and maintain accurate, proper and complete books and records of accounts, taxes, financial information and all
matters pertaining to the Company and its Subsidiaries in accordance with GAAP, showing all costs, expenditures, sales, receipts, assets and liabilities and profits and losses and all other records necessary, convenient or incidental to recording
the Business (the “Records”). The Members shall have the right (i) to inspect (at such inspecting Member’s expense) the Records, (ii) to consult from time to time with the Officers and the supervisors or independent
accountants of the Company (and its direct or indirect Subsidiaries) at their respective place of business regarding operating and financial matters and (iii) to visit and inspect any of the properties of the Company (and any of its direct or
indirect Subsidiaries), in each case, so long as the exercise of such rights does not interfere with the Business. A Member may, at its option and its own expense upon ten (10) days’ advance written notice to the Company, conduct internal
audits during reasonable business hours of the Records; provided, however, that such audit rights may not be exercised more than once in any calendar year. Audits may be conducted by employees of the Member, or an Affiliate of the
Member, or by independent auditors retained by the Member. 
 (b) The Members shall have reasonable access to the Management Committee,
Officers and facilities of the Company and its Subsidiaries. The Management Committee shall prepare, or cause to be prepared, and cause the Company to provide to the Members the following reports: 

(i) as soon as practicable after the Company’s Fiscal Year-end, audited consolidated financial statements of the Company
(consisting of an income statement, balance sheet, statement of Members’ equity and a statement of cash flows), prepared in accordance with GAAP, for the previous Fiscal Year and a schedule showing any variance between actual and budgeted
figures; provided, however, that for the Fiscal Year ended December 31, 2013, such consolidated financial statements of the Company may be unaudited; 

(ii) as soon as practicable after any Calendar Month, unaudited consolidated financial statements of the Company (consisting of
an income statement and balance sheet), prepared in accordance with GAAP, for the previous Calendar Month and a schedule showing any variance between actual and budgeted figures; 

  
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 (iii) as soon as practicable after any Calendar Quarter, unaudited consolidated
financial statements of the Company (consisting of an income statement, balance sheet, statement of Members’ equity and a statement of cash flows), prepared in accordance with GAAP, for the previous Calendar Quarter and a schedule showing any
variance between actual and budgeted figures; 
 (iv) promptly upon request, copies of any Budget; 

(v) prompt notice of any event that would reasonably be expected to have a material effect on the Business or the
Company’s financial condition; and 
 (vi) such other reports and information (in any form, electronic or otherwise) as
either Member may reasonably request or as the Management Committee may determine. 
 Section 4.02 Tax Returns. The Company
shall prepare, or cause to be prepared, and timely file all U.S. federal, state and local and foreign tax returns required to be filed by the Company. Each Member shall furnish to the Company all pertinent information in its possession relating to
the Company’s operations that is necessary to enable the Company’s tax returns to be timely prepared and filed. The Company shall deliver to each Member as soon as practicable after the end of each calendar year a Schedule K-1 together
with such additional information as may be required by the Members (or their owners) in order to file their individual returns reflecting the Company’s operations; provided, however, that, in any event, the Company shall deliver a draft
Schedule K-1 to each Member no later than June 15 of the year following such calendar year. The Company shall bear the costs of the preparation and filing of its tax returns. 

Section 4.03 Tax Partnership. It is the intention of the Members that the Company be classified as a partnership for U.S. federal
income tax purposes. Unless otherwise approved by each Member, neither the Company nor any Member shall make an election for the Company to be excluded from the application of the provisions of subchapter K of chapter 1 of subtitle A
of the Code or any similar provisions of applicable state Law or to be classified as other than a partnership pursuant to Treasury Regulation Section 301.7701-3. 

Section 4.04 Tax Elections. The Company shall make the following elections on the appropriate forms or tax returns: 

(a) to adopt the calendar year as the Company’s Fiscal Year, if permitted under the Code; 

(b) to adopt the accrual method of accounting for U.S. federal income tax purposes; 

(c) to elect to amortize the organizational expenses of the Company as permitted by Code Section 709(b); 

(d) if a distribution of the Company’s property as described in Code Section 734 occurs or a transfer of Units as described in Code
Section 743 occurs, on request by notice from any Member, to elect, pursuant to Code Section 754, to adjust the basis of the Company’s properties so long as the Tax Matters Member determines that the Code Section 754 election is
in the best interests of the Company and the other Members; and 
 (e) any other election the Management Committee may deem appropriate and
in the best interests of the Company. 

  
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 Section 4.05 Tax Matters Member. 

(a) The tax matters partner of the Company pursuant to Code Section 6231(a)(7) shall be a Member designated from time to time by the
Management Committee subject to replacement by the Management Committee. (Any Member who is designated as the tax matters partner is referred to herein as the “Tax Matters Member”). The initial Tax Matters Member as of the Effective
Date shall be Enbridge. The Tax Matters Member shall take such action as may be necessary to cause to the extent possible each other Member to become a notice partner within the meaning of Code Section 6231(a)(8). The Tax Matters Member shall
inform each other Member of all material tax matters that may come to its attention in its capacity as Tax Matters Member by giving notice thereof on or before the twentieth (20th) day after (or if applicable, such shorter period as may be
required by the appropriate statutory or regulation provisions) becoming aware thereof, and, within that time, shall forward to each other Member copies of all material written communications it may receive in its capacity as Tax Matters Member. In
addition to the foregoing, each Member shall provide the other Members with copies of all correspondence or summaries of other communications with the Internal Revenue Service or any state, local or foreign taxing authority (other than routine
correspondence and communications) regarding tax treatment of the Company’s operations. 
 (b) The Tax Matters Member shall take no
action without the authorization of the Management Committee, other than such action as may be required by Law. Any reasonable, documented cost or expense incurred by the Tax Matters Member in connection with the performance of its duties as Tax
Matters Member, including the preparation for or pursuance of administrative or judicial proceedings, shall be paid by (or reimbursed by) the Company. 

(c) The Tax Matters Member shall not enter into any extension of the period of limitations for making assessments on behalf of the Members
without first obtaining the consent of the Management Committee. The Tax Matters Member shall not bind any Member to a settlement agreement without obtaining the consent of such Member. Any Member that enters into a settlement agreement with respect
to any Company item (within the meaning of Code Section 6231(a)(3)) shall notify the other Members of such settlement agreement and its terms within fifteen (15) days from the date of the settlement. Notwithstanding the foregoing, no
Member shall enter into settlement negotiations with the Internal Revenue Service or any state, local or foreign taxing authority with respect to any issue concerning the Company’s income, gains, losses, deductions, or credits if the tax
adjustment attributable to such issue (assuming the then current aggregate tax rate) would be $1,000,000 or greater, without first giving reasonable advance notice of such intended action to the other Members. 

  
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 (d) No Member shall file a request pursuant to Code Section 6227 for an administrative
adjustment of Company items for any taxable year without first notifying the other Members. If the Management Committee consents to the requested adjustment, the Tax Matters Member shall file the request for the administrative adjustment on behalf
of the Members. If such consent is not obtained within thirty (30) days from such notice, or within the period required to timely file the request for administrative adjustment, if shorter, any Member, including the Tax Matters Member, may file
a request for administrative adjustment on its own behalf. Any Member intending to file a petition under Code Sections 6226 or 6228 or any other Code section with respect to any item involving the Company shall notify the other Members of such
intention and the nature of the contemplated proceeding. In the case where the Tax Matters Member is the Member intending to file such petition on behalf of the Company, such notice shall be given within a reasonable period of time to allow the
other Members to participate in the choosing of the forum in which such petition will be filed. 
 (e) If any Member intends to file a notice
of inconsistent treatment under Code Section 6222(b), such Member shall give reasonable notice under the circumstances to the other Members of such intent and the manner in which the Member’s intended treatment of an item is (or may be)
inconsistent with the treatment of that item by the other Members. 
 Section 4.06 Entity Level Taxation. If the Company is or
becomes subject to taxation as an entity in any jurisdiction, the burden of such tax shall be shared among the Members in proportion to their respective percentage interests. Further, in the event the Company is treated for purposes of any existing
or future taxation as a member of a consolidated, combined or unitary group for tax purposes with either Member or an Affiliate thereof, the Members shall enter into a customary tax sharing agreement, pursuant to which the Members shall agree to
bear their respective shares of any such taxes in proportion to their respective Percentage Interests, which taxes shall be determined as the greater of zero and the difference between (i) the taxes imposed on the consolidated, combined or
unitary group including the Company and any Affiliate owned by the Company that is included in such consolidated, combined or unitary group and (ii) the taxes that would have been imposed on the consolidated, combined or unitary group if the
Company and any Affiliate owned by the Company had not been included in such consolidated, combined or unitary group. The Company and any Affiliate owned by the Company shall not be responsible for and shall be indemnified by the other members of
the consolidated, combined or unitary group for any tax of any such group that is in excess of the amount determined pursuant to the preceding sentence. 

Section 4.07 Bank Accounts. The Company shall establish such bank accounts in the name of the Company as provided in the Operating
and Construction Management Agreement or as otherwise determined by the Management Committee. 
 ARTICLE V 

CAPITAL CONTRIBUTIONS 

Section 5.01 Initial Capital Contribution of Members; Unit Issuances. On the Effective Date, each of the Members listed on
Schedule III shall receive the number of Units as provided in Section 3.01(b) and Section 3.01(c) and as set forth opposite its name on Schedule III under the heading “Initial Class A Units”
or “Initial Class B Units,” and within ten (10) days after the Effective Date, (a) Enbridge shall contribute all of the outstanding Equity Interests in each of EP Bakken GP and EP Bakken LP as a capital contribution and
(b) Williston shall make the 

  
 30 

 
Williston Effective Date Capital Contribution to the Company in the amount set forth opposite its name on Schedule III under the heading “Effective Date Capital Contribution
Amount.” The amount set forth on Schedule III under the heading “Aggregate Capital Contribution Amount” represents the amount of cash, together with the initial Gross Asset Value of any Assets (including, with respect to
Enbridge, the Equity Interests in each of EP Bakken GP and EP Bakken LP), that each Member has contributed, or been deemed to have contributed, to the Company as of the date the contributions contemplated by this Section 5.01 have been
made. 
 Section 5.02 Further Capital Contributions. 

(a) Subject to Section 5.02(f), from time to time after the Effective Date but prior to the Sandpiper Project In-Service Date, and
following the issuance of a Call Notice, the Class A Members shall make additional cash contributions to the Company (i) in amounts and at such times as shall be determined by the Management Committee in accordance with the terms and
provisions of this Agreement (including, without limitation, the provisions of Section 8.01(d)) and (ii) in an amount equal to the amount that the Company is required to pay to the Operator (or otherwise) pursuant to (and in
accordance with) the terms and provisions of the Operating and Construction Management Agreement (in each case other than any amounts as may be necessary for the Design, Construction and Procurement of the Sandpiper Facilities and all other capital
and operating expenses (including, for the avoidance of doubt, construction costs) attributable to the Sandpiper Facilities, which amounts shall be subject to capital calls pursuant to Section 5.02(b) below). All such capital
contributions shall be made by the Class A Members to the Company in proportion to their respective Class A Percentage Interests. The Class A Members shall not be issued any Units in exchange for any capital contributions made in
accordance with this Section 5.02(a). 
 (b) Subject to Section 5.02(f) and Section 5.02(g), from time to
time after the Effective Date but prior to the Sandpiper Project In-Service Date, and following the issuance of a Call Notice, which shall be consistent with the Sandpiper Project Spend Profile, the Class B Members shall make additional cash
contributions to the Company (i) in amounts and at such times as shall be determined by the Management Committee in accordance with the terms and provisions of this Agreement and (ii) in an amount equal to the amount that the Company is
required to pay to the Operator (or otherwise) pursuant to (and in accordance with) the terms and provisions of the Operating and Construction Management Agreement, in each case, in respect of the Design, Construction and Procurement of the
Sandpiper Facilities and all other capital and operating expenses (including, for the avoidance of doubt, construction costs) attributable to the Sandpiper Facilities. All such capital contributions shall be made by the Class B Members to the
Company in proportion to their respective Class B Percentage Interests; provided that such capital contributions in respect of an Opt Out Sandpiper Call Notice (as defined below) shall be made 100% by Enbridge. Upon receipt by the Company of
any such capital contributions from or on behalf of existing Class B Members, the Company shall issue to each contributing Class B Member additional Class B Units at a price of $1.00 per Class B Unit in the amount of such Class B Member’s
capital contribution. Notwithstanding anything to the contrary in this Agreement, Williston shall be entitled to elect not to make capital contributions in accordance with this Section 5.02(b) in respect of any Call Notice delivered
pursuant to this Section 5.02(b) to the extent such Call Notice, together with all previous Call Notices delivered pursuant to this Section 5.02(b), requests capital contributions from Williston in excess of an aggregate of

  
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$1,220,000,000. If Williston desires to elect not to make capital contributions pursuant to any such Call Notice, Williston shall deliver written notice to the Company and Enbridge of such
election within 10 days of its receipt of such Call Notice (an “Opt Out Sandpiper Call Notice”). If Williston does not deliver such notice within such 10 day period, Williston shall be deemed to have agreed to make the capital
contributions required pursuant to such Call Notice. Williston shall not be deemed to be in default under this Agreement in connection with its election not to make capital contributions in accordance with any Opt Out Sandpiper Call Notice. 

(c) Subject to Section 5.02(f), Section 5.02(g), Section 14.02 and Section 14.03, from time to
time from and after the Sandpiper Project In-Service Date and following the issuance of a Call Notice, the Class A Members shall make additional cash contributions to the Company (i) in amounts and at such times as shall be determined by
the Management Committee in accordance with the terms and provisions of this Agreement (including, without limitation, the provisions of Section 8.01(c)) and (ii) in an amount equal to the amount that the Company is required to pay
to the Operator (or otherwise) pursuant to (and in accordance with) the terms and provisions of the Operating and Construction Management Agreement, but, subject to Section 5.02(f), solely to the extent such amount cannot be paid with
cash flows from the Company’s operations. Except as otherwise provided herein, including Section 14.02 and Section 14.03, all such capital contributions shall be made (x) 50% by Williston and 50% by Enbridge until
such time as Williston shall have made (or be deemed to have made) capital contributions to the Company in an aggregate amount equal to $1,180,000,000, (y) following such time, by the Class A Members to the Company in proportion to their
respective Class A Percentage Interests and (z) notwithstanding the foregoing clauses (x) and (y), 37.5% by Williston and 62.5% by Enbridge to the extent such capital contributions relate to Aggregate Interim SP Capital Expenditures
or other capital expenditures (excluding, for the avoidance of doubt, capital expenditures related to Growth Capital Projects) necessary to complete the Sandpiper Facilities that were placed into service on the Sandpiper Project In-Service Date.
Upon receipt by the Company of any such capital contributions from or on behalf of existing Class A Members, the Company shall issue to each contributing Class A Member additional Class A Units at a price of $1.00 per Unit (unless
otherwise agreed by the contributing Class A Members at the time of such issuance) in the amount of such Class A Member’s capital contribution. 

(d) On the Sandpiper Project In-Service Date, Williston shall make a cash contribution to the Company in an amount equal to the Growth Capital
Project Reimbursement Amount. 
 (e) Prior to 300% Payout with respect to any Non-Participatory Growth Capital Project, the Management
Committee shall issue Call Notices to the Proposing Member with respect to such Non-Participatory Growth Capital Project at such times and for such amounts as may be necessary for the Design, Construction and Procurement of the Non-Participatory
Growth Capital Project and all other capital and operating expenses (including, for the avoidance of doubt, construction costs) attributable to such Non-Participatory Growth Capital Project. Following the issuance of any such Call Notice, the
Proposing Member shall make a cash capital contribution to the Company equal to the full amount specified in such Call Notice (each, a “Non-Participatory Growth Capital Project Contribution”). The Proposing Member shall not be
issued any Units in exchange for Non-Participatory Growth Capital Project Contributions. Following 300% Payout with respect to any Non-Participatory Growth Capital Project, the Class A Members shall make cash contributions to the Company to
fund the ongoing operation and maintenance of such Non-Participatory Growth Capital Project in accordance with the provisions of Section 5.02(c). 

  
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 (f) Except as otherwise provided in this Section 5.02, in no event shall any of the
Members be required to make any capital contributions to the Company after the date hereof, and no third party shall have the right to cause the Company to require any capital contributions of the Members. The Members hereby acknowledge and agree
that Long-Term Response Expenditures, Non-Growth Integrity Projects and Growth Capital Projects will be funded solely with Cash On Hand From Capital Transactions. 

(g) Notwithstanding anything to the contrary in Section 5.02(b) and Section 5.02(c), in the event the Company
determines that the amount of any invoice previously paid by the Company or any of its Subsidiaries was improperly included or excluded from the capital contribution obligation in respect of which Enbridge or Williston made any previous capital
contribution to the Company, the Company shall adjust any subsequent Call Notices made pursuant to Section 5.02(b) or Section 5.02(c) to allocate to Enbridge or Williston, as applicable, an appropriate corrective adjustment
amount. 
 (h) Each capital call made by the Management Committee pursuant to this Section 5.02 shall be made pursuant to a Call
Notice delivered to all of the Class A Members (in the case of a capital call made pursuant to Section 5.02(a) or Section 5.02(c)), all of the Class B Members (in the case of a capital call made pursuant to
Section 5.02(b)), or the Proposing Member (in the case of a capital call pursuant to Section 5.02(e)). Each Member that receives a Call Notice shall, subject to the other provisions of this Section 5.02, have 20
Business Days from the issuance of a Call Notice pursuant to this Section 5.02 to make such Member’s required capital contribution pursuant to this Section 5.02. 

Section 5.03 Failure to Fund Capital Contributions. 

(a) Except as otherwise provided in Section 5.02, if any Member fails to pay in full when due (any such date, a “Due
Date”) any undisputed amount owed to the Company under a Call Notice issued pursuant to this Article V, and if such failure is not cured within 20 days of such Due Date, then such Member shall be deemed to be in default under this
Agreement (a “Default”), and shall be referred to herein as a “Defaulting Member.” The Company shall give notice of such default (a “Default Notice”) to the Defaulting Member and the Affected
Member. A Default Notice shall include a statement of the amount the Defaulting Member has failed to pay. If such Member cures such failure within such 20 day period, the Company shall issue Class A Units or Class B Units to the Defaulting
Member in accordance with Section 5.02 (as applicable based on the subsection of Section 5.02 pursuant to which such Call Notice was issued) as if such capital contributions were timely made thereunder. 

(b) Any amount in Default and not paid when due under this Agreement shall bear interest at the Interest Rate from the applicable Due Date to
the date of payment. 

  
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 Section 5.04 Certain Consequences of Default. 

(a) Notwithstanding any other provision in this Agreement to the contrary, in addition to any remedies available to the Company at law or in
equity: 
 (i) if Williston is in Default on the Sandpiper Project In-Service Date and such Default is not cured prior to
expiration of all applicable Cure Periods, the Company shall apply the Cure Amount to the conversion formula relating to Class A Units to be issued to Williston and Enbridge upon conversion of their Class B Units as contemplated by
Section 3.01(h), and upon such conversion, Williston shall be deemed not to be in Default; and 
 (ii) during the
Default Period (whether before or after the Sandpiper Project In-Service Date) a Defaulting Member shall have no right to, and shall cause its Affiliates and the Managers designated by such Defaulting Member, not to (in each case as applicable at
such time): 
 (A) make any proposal under this Agreement; 

(B) (1) be counted for purposes of determining a quorum for any vote of the Management Committee or (2) vote on any
matter with respect to which Member approval, Management Committee Approval or Super-Majority Management Committee Approval is required under the express terms of this Agreement and, in each case, the vote of the Managers designated by the
Defaulting Member shall be deemed held by Managers designated by the other Member (in the case of any required approval of the Managers) and the Units held by the Defaulting Member shall not be counted as outstanding (in the case of any required
approval of any Members); 
 (C) request or call any meetings of the Management Committee; 

(D) access any data or information relating to the Business (except to the extent such Member or an Affiliate of such Member or
an employee of such Member or Affiliate of such Member is the Operator, and such data or information is necessary for such Member or Affiliate to perform its responsibilities in such capacity); 

(E) Transfer all or any part of its Units, except for any Transfer (in accordance with the terms of this Agreement) of all of
its Units to a Person who simultaneously with such Transfer satisfies or causes to be satisfied in full the amount in Default; 

(F) propose, participate or elect to participate in any proposed Growth Capital Projects under Section 14.01; 

(G) in the event of a Transfer by any other Member, exercise its right to be a Tag-Along Seller under Section 13.07
or its right of first refusal under Section 13.08; or 
 (H) exercise its rights under
Section 13.04(b). 

  
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 For the avoidance of doubt, a Defaulting Member shall continue to be bound by all of its obligations under this
Agreement during the Default Period, including the obligation to make additional capital contributions. 
 (b) Upon the commencement of a
Default Period, the Company shall send the Affected Member a statement of the amount that the Defaulting Member failed to contribute to the Company pursuant to this Agreement, and the Affected Member may contribute to the Company such amount within
15 days following receipt of such statement. If the Affected Member contributes such amount to the Company, the Company shall issue Class A Units or Class B Units to the Affected Member in accordance with Section 5.02 (as applicable
based on the subsection of Section 5.02 pursuant to which the capital call related to such Default was issued) as if such contribution were made by the Affected Member thereunder. If the Affected Member does not contribute such amount
within such 15-day period, then (i) the Members and the Management Committee shall be deemed to have unanimously determined not to make the expenditure to which such defaulted capital call relates (notwithstanding any prior authorization to
make such expenditure in any Budget), (ii) the Defaulting Member shall no longer be deemed to be in Default with respect to such contribution, and (iii) any amount previously contributed to the Company by the Affected Member pursuant to
this Section 5.04(b) (and the Defaulting Member in the case of a partial Default) with respect to such capital call shall promptly be returned by the Company to the Affected Member (and the Defaulting Member if applicable) and such
amounts shall not be considered to have been contributed by the Affected Member (or the Defaulting Member, if applicable) to the Company and any Units issued in respect of such amounts shall be cancelled. 

(c) Within 30 days after the Affected Member makes any contribution under Section 5.04(b) (the “Cure Period”), the
Defaulting Member shall be entitled to cure the applicable Default by reimbursing the Affected Member for the entire amount of such contribution made by the Affected Member, together with interest thereon at the Interest Rate. Any such contributions
made by the Affected Member, to the extent so reimbursed by the Defaulting Member, shall be treated as advances made by the Affected Member on behalf of the Defaulting Member and shall, for purposes of this Agreement, constitute loans made by the
Affected Member to the Defaulting Member rather than contributions by the Affected Member to the Company (and any Units issued to the Affected Member in accordance with Section 5.04(b) shall be cancelled). Any such reimbursement payments
(except to the extent made in respect of accrued interest on any defaulted contributions) made by the Defaulting Member to the Affected Member shall be treated as capital contributions by the Defaulting Member, and the Company shall issue
Class A Units or Class B Units to the Defaulting Member in accordance with Section 5.02 (as applicable based on the subsection of Section 5.02 pursuant to which the capital call related to such Default was issued) as if
such capital contributions were timely made thereunder. 
 (d) Unless the applicable Default is cured in full by the Defaulting Member
pursuant to Section 5.04(c) within the Cure Period, (i) the Defaulting Member shall have no right to receive distributions from the Company pursuant to Section 7.01, and such distributions shall instead be made to the
Affected Member, until the Affected Member shall have received an 

  
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amount of such distributions sufficient to reimburse the Affected Member for any such contributions made by the Affected Member (less any reimbursement payments made to the Affected Member by the
Defaulting Member pursuant to Section 5.04(c)), together with interest thereon at the Interest Rate (less any interest payments made to the Affected Member by the Defaulting Member pursuant to Section 5.04(c)), and
(ii) the Defaulting Member shall remain a Defaulting Member unless and until the Defaulting Member makes a cash payment to the Affected Member equal to the amount of any defaulted contributions funded by the Affected Member plus interest
thereon at the Interest Rate (the “Cure Amount”) (less any reimbursement payments made to the Affected Member by the Defaulting Member pursuant to Section 5.04(c)). Notwithstanding the foregoing, with respect to any
Default occurring prior to the Sandpiper Project In-Service Date, a Defaulting Member will be entitled, at any time prior to the fifth Business Day before the Sandpiper Project In-Service Date, to make a cash payment to the Affected Member equal to
the Cure Amount (less any reimbursement payments made to the Affected Member by the Defaulting Member pursuant to Section 5.04(c)), and to thereby no longer be considered a Defaulting Member. In the event the Defaulting Member makes any
such payment of the Cure Amount to the Affected Member after the expiration of the Cure Period, the Affected Member, in its sole discretion, shall be entitled to elect to either (i) forfeit, for no consideration, any portion of the Units issued
to the Affected Member pursuant to Section 5.04(b) and not be credited for making any capital contribution to the Company with respect to the contributions funded pursuant to Section 5.04(b) to the extent such contributions
were made in exchange for any Units that the Affected Member elects to forfeit, in which case (A) such amounts that are not treated as capital contributions by the Affected Member pursuant to this clause (i) shall be treated as advances
made by the Affected Member on behalf of the Defaulting Member (such amounts, in the aggregate, the “Defaulting Member Deemed Contribution Amount”) and shall constitute loans made by the Affected Member to the Defaulting Member
rather than contributions by the Affected Member to the Company, (B) the Defaulting Member shall be deemed to have timely made a capital contribution to the Company in an amount equal to the Defaulting Member Deemed Contribution Amount (except
with respect to any portion of the Defaulting Member Deemed Contribution Amount that is comprised of interest on the contributions made by the Affected Member pursuant to Section 5.04(b)) for all purposes under this Agreement (other than
Section 3.01(h)(i)), and (C) the Company shall issue Class B units to the Defaulting Member in accordance with Section 5.02(b) in respect of such portion of the Defaulting Member Deemed Contribution Amount that is
treated as a capital contribution hereunder, and/or (ii) retain any portion of the Units issued to the Affected Member pursuant to Section 5.04(b) and be credited as having made capital contributions to the Company in the amount of
the contributions made by the Affected Member pursuant to Section 5.04(b) to the extent such contributions were made in exchange for any Units that the Affected Member elects to retain, in which case the payment of the Cure Amount by the
Defaulting Member shall not be treated as a capital contribution to the Company by the Defaulting Member for any purposes under this Agreement and the Defaulting Member shall not be issued any Class B Units in respect of such payment, to the extent
any amount of such payment is treated as a capital contribution by the Affected Member pursuant to this clause (ii). 
 Section 5.05
Withdrawal of Capital. No Member shall have the right to withdraw any capital from the Company or to have its Units redeemed by the Company; provided, however, that the Management Committee may, in its sole discretion, determine
to distribute capital to the Members from time to time in accordance with the terms hereof and, with the consent of the affected Member, cause the Company to redeem all or a portion of the Units of such Member. 

  
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 Section 5.06 Capital Accounts. 

(a) “Capital Account” means, with respect to any Member, an account that is maintained for such Member in accordance with the
provisions of Section 1.704-1(b)(2)(iv) of the Treasury Regulations and to the extent consistent with such Treasury Regulations has, as of any given date on or after the Effective Date, a balance calculated as follows: 

(i) a balance equal to such Member’s Initial Capital Account Balance; plus 

(ii) the aggregate amount of cash that has been contributed to the capital of the Company as of such date by or on behalf of
such Member (without duplication of the amount of any cash included in a Member’s Initial Capital Account Balance); plus 

(iii) the Gross Asset Value of any property other than cash that has been contributed to the capital of the Company as of such
date by such Member and the amount of liabilities assumed by any such Member under Section 752 of the Code or which are secured by any Assets distributed to such Member; plus 

(iv) the aggregate amount of the Net Profits that has been allocated to such Member as of such date pursuant to the provisions
of Section 6.01 or Section 16.03, any items of income or gain which are specially allocated to such Member pursuant to Section 6.02 or Section 6.03 and any other positive adjustments required by the
Treasury Regulations and that have not been previously taken into account in determining such Member’s Capital Account; minus 

(v) the aggregate amount of the Net Losses that have been allocated to such Member as of such date pursuant to
Section 6.01 or Section 16.03, the amount of any item of expense, deduction or loss which is specially allocated to such Member pursuant to Section 6.02 or Section 6.03 and any other negative
adjustments required by the Treasury Regulations and that have not been previously taken into account in determining such Member’s Capital Account; minus 

(vi) the aggregate amount of cash that has been distributed to or on behalf of such Member; and minus 

(vii) the Gross Asset Value of any property other than cash that has been distributed to or on behalf of such Member as of such
date and the amount of any liabilities of such Member assumed by the Company under Section 752 of the Code and the Treasury Regulations or which are secured by any property contributed by such Member to the Company. 

Notwithstanding the foregoing, Capital Accounts shall not be adjusted for any items that constitute an adjustment to Special Capital Accounts. 

  
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 (b) Each Member’s initial Capital Account balance shall be equal to the amount set forth
opposite such Member’s name on Schedule III under the heading “Initial Capital Account Balance” (with respect to each Member, its “Initial Capital Account Balance”). 

(c) A Member that has more than one class of Units shall have a single Capital Account that reflects all such Units; provided, however,
that the Capital Accounts shall be maintained in such manner as will facilitate a determination of the portion of each Capital Account attributable to each class of Units (the portion of the Capital Account attributable to Class A Units, the
“Class A Unit Sub Capital Account,” and the portion of the Capital Account attributable to Class B Units, the “Class B Unit Sub Capital Account”). 

(d) “Special Capital Account” means, with respect to any Member, an account to be created at the inception of a
Non-Participatory Growth Capital Project and thereafter to be maintained for such Member relating solely to such Non-Participatory Growth Capital Project in the manner specified for Capital Accounts in Section 5.06(a). Any Special
Capital Account shall only take into account allocations of Special Net Profits and Special Net Losses (and items thereof) attributable to such Non-Participatory Growth Capital Project, Non-Participatory Growth Capital Project Contributions made
with respect to such Non-Participatory Growth Capital Project, distributions of Special Available Cash with respect to such Non-Participatory Growth Capital Project and any other items that adjust Capital Accounts that are properly attributable to
such Non-Participatory Growth Capital Project, in each case as though such Non-Participatory Growth Capital Project were the sole asset, and its ownership and operation were the sole activity, of the Company. Prior to 300% Payout for a
Non-Participatory Growth Capital Project, the Special Capital Account of the Non-Participating Member shall be zero. 
 Section 5.07
Advances by Members. If the Company does not have sufficient cash to pay its obligations, then any or all of the Members may (but will have no obligation to) advance all or part of the needed funds to or on behalf of the Company, which
advances will constitute a loan from such Member or Members to the Company, will bear interest and be subject to such other terms and conditions as agreed between such Member or Members and the Company and will not be deemed to be contribution to
the capital of the Company. 
 ARTICLE VI 

ALLOCATIONS 

Section 6.01 Allocations of Net Profits, Net Losses, Special Net Profits and Special Net Losses. 

(a) Prior to the Sandpiper Project In-Service Date: 

(i) except as provided in Section 6.01(a)(iii) and Section 16.03(c)(ii), after giving effect to the
special allocations set forth in Section 6.02 (other than Section 6.02(i)) or Section 6.03, Net Profits and Net Losses for any Fiscal Year attributable to the Assets or Facilities of the Company other than the
Sandpiper Facilities shall be allocated between the Members holding Class A Units in accordance with their respective Class A Percentage Interests; 

  
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 (ii) except as provided in Section 6.01(a)(iii),
Section 16.03(c)(iii) and Section 16.06, after giving effect to the special allocations set forth in Section 6.02 (other than Section 6.02(i)) or Section 6.03, Net Profits and Net Losses
for any Fiscal Year attributable to the Sandpiper Facilities shall be allocated between the Members holding Class B Units in accordance with their respective Class B Percentage Interests; and 

(iii) after giving effect to the special allocations set forth in Section 6.02(i) or Section 6.03 that
relate to each Non-Participatory Growth Capital Project, Special Net Profits and Special Net Losses attributable to such Non-Participatory Growth Capital Project shall be allocated between the Members in such a manner as to result in, as nearly as
possible, the Special Capital Accounts of the Members with respect to such Non-Participatory Growth Capital Project being equal to their respective Special Target Amounts with respect to such Non-Participatory Growth Capital Project. 

(b) After the Sandpiper Project In-Service Date: 

(i) except as provided in Section 6.01(b)(ii) and Section 16.03(b)(ii), after giving effect to the
special allocations set forth in Section 6.02 (other than Section 6.02(i)) or Section 6.03, Net Profits and Net Losses for any Fiscal Year shall be allocated between the Members holding Class A Units in
accordance with their respective Class A Percentage Interests; and 
 (ii) after giving effect to the special
allocations set forth in Section 6.02(i) or Section 6.03 that relate to each Non-Participatory Growth Capital Project, Special Net Profits and Special Net Losses attributable to such Non-Participatory Growth Capital Project
shall be allocated between the Members in such a manner as to result in, as nearly as possible, the Special Capital Accounts of the Members with respect to such Non-Participatory Growth Capital Project being equal to their respective Special Target
Amounts with respect to such Non-Participatory Growth Capital Project. 
 Section 6.02 Regulatory Allocations. The following
allocations shall be made in the following order: 
 (a) To the extent required by Section 1.704-2(f) of the Treasury
Regulations, if there is a net decrease in “partnership minimum gain” (within the meaning of Section 1.704-2(b)(2) of the Treasury Regulations) in a Fiscal Year, then each Member shall be specially allocated items of income and gain
(including gross income) arising during that Fiscal Year (and if necessary subsequent Fiscal Years), equal to such Member’s share of the net decrease in partnership minimum gain. The items to be so allocated shall be determined in accordance
with Sections 1.704-2(f)(6) and 1.704-2(j)(2) of the Treasury Regulations. If, in any Fiscal Year that has such a net decrease, the minimum gain chargeback requirement would cause a distortion in the economic arrangement between the Members and
it is not expected that the Company will have sufficient other income to correct that distortion, the Management Committee may in its reasonable discretion seek to have the Internal Revenue Service waive the minimum gain

  
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chargeback requirement in accordance with Section 1.704-2(f)(4) of the Treasury Regulations. This Section 6.02(a) is intended to comply with the minimum gain chargeback
requirement in Section 1.704-2(f) of the Treasury Regulations and shall be interpreted consistently therewith. 
 (b) If there is a net
decrease in “partner nonrecourse debt minimum gain” (within the meaning of Section 1.704 2(i)(4) of the Treasury Regulations) in any Fiscal Year, then each Member that has a share of the “partner nonrecourse debt minimum
gain” as of the beginning of the Fiscal Year shall be specially allocated items of income and gain arising during that Fiscal Year (and if necessary subsequent Fiscal Years) to the extent required by Section 1.704-2(i)(4) of the Treasury
Regulations. The items to be so allocated shall be determined in accordance with Sections 1.704-2(i)(4) and 1.704-2(j)(2) of the Treasury Regulations. A Member shall not be subject to this provision to the extent that an exception is provided
by Section 1.704-2(i)(4) of the Treasury Regulations and any administrative guidance issued by the Internal Revenue Service with respect thereto. Any “partner nonrecourse debt minimum gain” allocated pursuant to this provision shall
consist of first, gains recognized from the disposition of Assets subject to “partner nonrecourse debt” (within the meaning of Section 1.704-2(b)(4) of the Treasury Regulations), and, second, if necessary, a pro rata portion of the
Company’s other items of income or gain (including gross income) for that Fiscal Year (and if necessary subsequent Fiscal Years). This Section 6.02(b) is intended to comply with the minimum gain chargeback requirement in
Section 1.704-2(i)(4) of the Treasury Regulations and shall be interpreted consistently therewith. 
 (c) In the event any Member
unexpectedly receives any adjustments, allocations or distributions described in Section 1.704-1(b)(2)(ii)(d)(4), Section 1.704-1(b)(2)(ii)(d)(5) or Section 1.704-1(b)(2)(ii)(d)(6) of the Treasury Regulations,
which creates a negative Adjusted Capital Account Balance for its Capital Account, then items of Company income and gain (consisting of a pro rata portion of each item of Company income, including gross income and gain for such Fiscal Year and, if
necessary, for subsequent Fiscal Years) from Business conducted by the Company shall be specially allocated to such Member in an amount and manner sufficient to eliminate, to the extent required by the Treasury Regulations, the negative Adjusted
Capital Account Balance so created as quickly as possible; provided that an allocation pursuant to this Section 6.02(c) shall be made if and only to the extent that such Member would have a negative Adjusted Capital Account
Balance after all other allocations provided for in this Article VI have been tentatively made as if this Section 6.02(c) were not in the Agreement. It is the intent that this Section 6.02(c) be interpreted to
comply with the alternate test for economic effect set forth in Section 1.704-1(b)(2)(ii)(d) of the Treasury Regulations. 
 (d)
If there are any “nonrecourse deductions” (within the meaning of Sections 1.704-2(b)(1) and 1.704-2(c) of the Treasury Regulations) in a Fiscal Year, then each Member shall be allocated an amount of such nonrecourse deductions as
determined by the Management Committee to be consistent with the allocations of related or similar items under this Article VI and with Section 1.704-2 of the Treasury Regulations. 

(e) If there are any “partner nonrecourse deductions” (within the meaning of Section 1.704-2(i)(1) of the Treasury Regulations)
in a Fiscal Year, then such deductions shall be allocated to the Member that bears the economic risk of loss for the “partner nonrecourse 

  
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liability” (within the meaning of Section 1.704-2(b)(4) of the Treasury Regulations) to which the deductions are attributable. If more than one Member bears the economic risk of loss
for such “partner nonrecourse liability,” the “partner nonrecourse deductions” attributable to such “partner nonrecourse liability” shall be allocated between the Members according to the proportion in which they bear
such economic risk of loss. 
 (f) To the extent an adjustment to the adjusted Tax basis of any Company asset pursuant to Section 734(b)
or 743(b) of the Code is required, pursuant to Section 1.704-1(b)(2)(iv)(m) of the Treasury Regulations, to be taken into account in determining Capital Accounts, the amount of such adjustments to the Capital Accounts shall be treated as an
item of gain (if the adjustment increases the basis of such asset) or loss (if the adjustment decreases the basis of such asset) and such gain or loss shall be specially allocated between the Members in a manner consistent with the manner in which
their Capital Accounts are required to be adjusted pursuant to Section 1.704-1(b)(2)(iv)(m) of the Treasury Regulations. 
 (g)
The Net Losses allocated pursuant to Section 6.01 shall not exceed the maximum amount of Net Losses, losses or deductions that can be so allocated without causing any Member to have a negative Adjusted Capital Account Balance at the end
of any Fiscal Year. If some, but not all, of the Members would have a negative Adjusted Capital Account Balance as a consequence of such allocations, the limitation set forth in the preceding sentence shall be applied on a Member-by-Member basis so
as to allocate the maximum permissible Net Losses and items of loss and deduction to each Member under Section 1.704-1(b)(2)(ii)(d) of the Treasury Regulations. All Net Losses in excess of the limitation set forth in this
Section 6.02(g) shall be allocated to the Members in proportion to their respective positive Adjusted Capital Account Balances, if any, and thereafter to the Members in accordance with their interests as determined by the Management
Committee in its reasonable discretion. If any Member would have a negative Adjusted Capital Account Balance at the end of any Fiscal Year, the Capital Account of such Member shall be specially credited with items of Company income (including gross
income) and gain from Business conducted by the Company in the amount of such excess as quickly as possible. 
 (h) If, as a result of an
exercise of a noncompensatory option to acquire an interest in the Company, a Capital Account or Special Capital Account reallocation is required under Treasury Regulation Section 1.704-1(b)(2)(iv)(s)(3), the Company shall make corrective
allocations pursuant to Treasury Regulation Section 1.704-1(b)(4)(x). 
 (i) Allocations corresponding to those set forth in the
foregoing subsections of this Section 6.02 shall be made with respect to each Member’s Special Capital Account prior to the allocation pursuant to Section 6.01(a)(iii) or Section 6.01(b)(ii) of Special Net
Profits and Special Net Losses attributable to each Non-Participatory Growth Capital Project to which the allocation relates. 

Section 6.03 Curative Allocations. The allocations set forth in Section 6.02 (the “Regulatory
Allocations”) are intended to comply with certain requirements of Sections 1.704-1(b) and 1.704-2(b) of the Treasury Regulations. Notwithstanding any other provisions of this Agreement other than the Regulatory Allocations, the
Regulatory Allocations shall be taken into account in allocating Net Profits or Net Losses (or Special Net Profits or Special Net Losses in 

  
 41 

 
the case of any Non-Participatory Growth Capital Project) or other items of income, gain, loss and deduction between the Members (or to the Proposing Member with respect to such Non-Participatory
Growth Capital Project) so that, to the extent possible, the net amount of such allocations of other items and the Regulatory Allocations to each Member (or such Proposing Member) shall be equal to the net amount that would have been allocated to
such Member (or such Proposing Member) if the Regulatory Allocations had not been part of this Agreement. The Management Committee shall reasonably determine, with respect to each Fiscal Year, how to apply the provisions of this
Section 6.03 in a manner that is likely to minimize the economic distortions that might otherwise result from the Regulatory Allocations. 

Section 6.04 Tax Allocations. Except as otherwise provided in this Section 6.04, for Tax Purposes, the income, gain,
loss or deduction (or any item thereof) for each Fiscal Year shall be allocated to and between the Members in the same manner as the correlative items are allocated pursuant to the provisions of Section 6.01, Section 6.02 and
Section 6.03 for such Fiscal Year. Notwithstanding any other provision of this Agreement to the contrary, any income, gain, loss or deduction recognized by the Company for Tax Purposes in any Fiscal Year with respect to all or any part
of an Asset that (a) is required to be allocated between the Members in accordance with Section 704(c) of the Code and the Treasury Regulations so as to take into account the variation, if any, between the adjusted tax basis of such Asset
and the initial Gross Asset Value of such Asset at the time of its contribution, or (b) is required to be allocated between the Members in accordance with the principles of Section 704(c) of the Code and the Treasury Regulations following
the adjustment to the Gross Asset Value of an Asset pursuant to this Agreement, shall be allocated to the Members in the manner so required. The Company shall elect to use the remedial allocation method pursuant to Section 1.704-3(d) of the
Treasury Regulations or such other method or methods as determined by the Management Committee to be appropriate and in accordance with the applicable Treasury Regulations. Any (i) recapture of Depreciation or any other item of deduction shall
be allocated, in accordance with Section 1.1245-1(e) of the Treasury Regulations, to the Members that received the benefit of such deductions, and (ii) recapture of tax credits shall be allocated to the Members in accordance with
applicable Law. Tax credits of the Company shall be allocated between the Members as provided in Sections 1.704-(b)(4)(ii) and 1.704-1(b)(4)(viii) of the Treasury Regulations. The income tax allocations made pursuant to this
Section 6.04 shall not be reflected in any Member’s Capital Account. 
 ARTICLE VII 

DISTRIBUTIONS 

Section 7.01 Distributions. 

(a) Subject to the other provisions of this Agreement, all Available Cash shall be distributed to the Class A Members of record in
proportion to their respective Class A Percentage Interests. All distributions made pursuant to this Section 7.01(a) shall be made to the holders of record of the applicable Class A Units as set forth on the Member Schedule on
the last day of the Calendar Quarter with respect to which a distribution is made. Subject to the other provisions of this Article VII and other than upon a liquidation of the Company pursuant to Section 16.03 or of the
Sandpiper Facilities prior to the Sandpiper Project In-Service Date pursuant to Section 16.06, all Available Cash shall be distributed to the Class A Members 

  
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(i) prior to the Sandpiper Project In-Service Date, at such time as the Management Committee determines in its sole discretion, and (ii) after the Sandpiper Project In-Service Date, at
such time or times as the Management Committee determines in its sole discretion, but in any event at least once per Calendar Quarter. 
 (b)
Subject to the other provisions of this Article VII and other than upon a liquidation of the Company pursuant to Section 16.03, Special Available Cash attributable to each Non-Participatory Growth Capital Project shall be
distributed at such times as is determined by the Proposing Member or the Management Committee, as the case may be, in accordance with Section 7.01(c). Special Available Cash attributable to each Non-Participatory Growth Capital Project
shall be distributed to the Class A Members at such times in the following order of priority: 
 (i) first, to
the Proposing Member with respect to such Non-Participatory Growth Capital Project until such time as the positive balance in its Non-Participatory Growth Capital Project Amount with respect to such Non-Participatory Growth Capital Project has been
reduced to zero; and 
 (ii) thereafter, to the Class A Members in proportion to their respective Class A
Percentage Interests. 
 (c) For so long as a Proposing Member has a positive balance in its Non-Participatory Growth Capital Project Amount
with respect to any Non-Participatory Growth Capital Project, Special Available Cash with respect to such Non-Participatory Growth Capital Project shall be distributed at such times as is determined by the Proposing Member of such Non-Participatory
Growth Capital Project in its sole discretion. At any time that a Proposing Member does not have a positive balance in its Non-Participatory Growth Capital Project Amount with respect to any Non-Participatory Growth Capital Project, Special
Available Cash with respect to such Non-Participatory Growth Capital Project shall be distributed at such times as is determined by the Management Committee in its sole discretion, but in any event at least once per Calendar Quarter. 

(d) Notwithstanding anything in this Section 7.01 to the contrary, on the Effective Date, the Company shall distribute to Enbridge
an amount equal to the Williston Effective Date Capital Contribution and such distribution shall be treated, to the maximum extent possible, as a reimbursement of capital expenditures incurred by the Company, EP Bakken GP or EP Bakken LP, or by
Enbridge (or any of its Affiliates) on behalf of the Company, EP Bakken GP or EP Bakken LP in respect of the assets of the Company, EP Bakken GP or EP Bakken LP in the two years prior to the Effective Date in accordance with Treasury Regulation
Section 1.707-4(d). 
 (e) Notwithstanding anything in this Section 7.01 to the contrary, on the Sandpiper Project
In-Service Date, the Company shall distribute to Enbridge an amount equal to the Growth Capital Project Reimbursement Amount and such distribution shall be treated, to the maximum extent possible, as a reimbursement of capital expenditures incurred
by the Company, EP Bakken GP or EP Bakken LP, or by Enbridge (or any of its Affiliates) on behalf of the Company, EP Bakken GP or EP Bakken LP, in respect of the assets of the Company, EP Bakken GP or EP Bakken LP in the two years prior to the
Effective Date, in each case, in accordance with Treasury Regulation Section 1.707-4(d). 

  
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 Section 7.02 Withholding. Any amount withheld pursuant to the Code or any foreign,
State or local tax Law or treaty with respect to any payment, distribution or allocation to the Members shall be treated for all purposes of this Agreement as distributed to the Members pursuant to Section 7.01. The Management Committee
is authorized to withhold from distributions to a Member and to pay over to any Governmental Authority any amount required to be so withheld pursuant to the Code or any other Federal, foreign, State or local Law, and shall treat any withheld amount
as having been distributed to such Member with respect to which such amounts were withheld for all purposes of this Agreement. 
 ARTICLE
VIII 
 MANAGEMENT OF THE COMPANY 

Section 8.01 Management under Direction of Management Committee. 

(a) Except as may be required under the Act, the Business shall be managed and controlled by a board of “managers” (as such term is
used in the Delaware Act) (the “Management Committee” and each member of the Management Committee, a “Manager”). Subject to the following sentence, the Management Committee shall have full and complete authority,
power and discretion to manage and control the Business and to make all decisions regarding those matters and to perform any and all other acts or activities customary or incidental to the management of the Company and its Subsidiaries. Approval of
the Management Committee shall be required for any action proposed to be taken by or on behalf of the Company or any of its Subsidiaries (i) by the Officers, if such action is not expressly delegated by the Management Committee to the Officers
in accordance with Section 8.09, (ii) by the Operator, if such action is not expressly delegated to the Operator by the Management Committee or requires the approval of the Company pursuant to the Operating and Construction
Management Agreement, and (iii) by a Proposing Member, if such action is not otherwise permitted to be taken by such Proposing Member pursuant to the terms and provisions of this Agreement, including Section 14.01. 

(b) Except as otherwise expressly delegated by the Management Committee and subject to Section 8.01(c) and
Section 8.01(d), all actions proposed to be taken by or on behalf of the Company or any of its Subsidiaries, and all actions that pursuant to this Agreement require action by, the approval of, or a determination by the Management
Committee, shall require the affirmative vote or consent of the Managers representing more than 50% of the Total Votes eligible to vote or consent on such matter acting in accordance with Section 8.03 (“Management Committee
Approval”). 
 (c) Subject to Section 8.01(f), the following actions proposed to be taken by or on behalf of the Company
or any of its Subsidiaries shall require the affirmative vote or consent of the Managers representing at least 85% of the Total Votes eligible to vote or consent on such matter acting in accordance with Section 8.03
(“Super-Majority Management Committee Approval”): 

  
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 (i) approving any Budget (other than, for the avoidance of doubt, (A) a
Default Budget, (B) any line item in any Budget related to Emergency Expenditures or Long-Term Response Expenditures, (C) any Non-Growth Integrity Project Budget that is consistent with the limitations set forth in
Section 14.03(a), (E) any Participatory Growth Capital Project Budget or (F) any Non-Participatory Growth Capital Project Budget, which, in the cases of clauses (B) through (D), is included in any Budget) or changing the
amount of the Cash Reserves Contingency Cap; 
 (ii) approving any amendment or modification (A) that is beyond the
variance permitted pursuant to the Operating and Construction Management Agreement to (1) any Budget (other than, for the avoidance of doubt, (x) a Default Budget, (y) any line item in any Budget related to Emergency Expenditures or
Long-Term Response Expenditures or (z) any Non-Growth Integrity Project Budget except as set forth in clause (B) below) previously approved in accordance with Section 8.01(c)(i), (2) any Participatory Growth Capital
Project Budget, or (3) any Non-Participatory Growth Capital Project Budget; provided that from time to time prior to 300% Payout with respect to any Non-Participatory Growth Capital Project, the Proposing Member may in good faith,
without the approval of any other Person, approve any amendments or modifications to the Non-Participatory Growth Capital Project Budget for such Non-Participatory Growth Capital Project as are reasonably required, or (B) to any Non-Growth
Integrity Project Budget to increase the total amount of expenditures approved to be included in any such Non-Growth Integrity Project Budget pursuant to Section 14.03(a); 

(iii) approving any Call Notice; provided, however, that Call Notices requesting contributions to the Company
from the Members shall be permitted without Super-Majority Management Committee Approval for the following: 
 (A)
expenditures included in any then-current Budget (but, subject to Section 5.02(f), solely to the extent that such budget’s expenditures cannot be paid with cash flows from the Company’s operations), any then-current
Participatory Growth Capital Project Budget or any then-current Non-Participatory Growth Capital Project Budget, in each case, after giving effect to the variance thereto permitted pursuant to the Operating and Construction Management Agreement,
that has been approved or deemed approved in accordance with the terms of this Agreement and the Operation and Construction Management Agreement; 

(B) Emergency Expenditures; 

(C) Long Term Response Expenditures; 

(D) capital expenditures for Non-Growth Integrity Projects included in any then-current Non-Growth Integrity Project Budget; or

 (E) expenditures required or permitted to be made without the approval of the Company or the Management Committee pursuant
to the Operating and Construction Management Agreement; 

  
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 (iv) any amendment, extension, or termination of the Operating and Construction
Management Agreement; 
 (v) entering into any operating leases or the incurrence of indebtedness (or any guaranty of
indebtedness or obligations of any other Person) in excess of $10,000,000 in the aggregate, other than current liabilities incurred in the ordinary course of business or borrowings in the ordinary course of business under the Revolver or any other
revolving credit facility approved by the Management Committee; 
 (vi) any Encumbrance of the Company’s Assets that
would cause (at the time such Encumbrance is made) the aggregate of all Encumbrances of the Company’s Assets to exceed $10,000,000; 

(vii) the commencement by the Company of any proceeding or the filing of any petition seeking relief under any bankruptcy or
insolvency Law with respect to the Company, or the consent to the institution of, or the failure to contest in a timely and appropriate manner, any such proceeding or filing; the application for or consent to the appointment of a receiver, trustee,
custodian, sequestrate, conservator or similar official with respect to the Company; the making of a general assignment for the benefit of creditors of the Company; the admitting in writing of the Company’s inability to pay its debts as they
become due; or the taking of any action by the Company for the purpose of effecting any of the foregoing; 
 (viii) the
purchase, exchange or acquisition of any Equity Interests of another Person (other than any wholly-owned Subsidiary), including through merger, consolidation or other extraordinary business combination with any other Person, where the consideration
represents more than $10,000,000; 
 (ix) the purchase, sale, disposition, assignment, conveyance, transfer, lease, exchange
or acquisition of assets (including another business or line of business) by the Company, where the consideration represents more than $10,000,000; 

(x) the registration of any Equity Interests in the Company under the Securities Act or any foreign securities Laws or any
public offering of Equity Interests in the Company; 
 (xi) authorizing or issuing any additional Equity Interests of the
Company, including Units (other than Units issued to Members in exchange for such Members’ capital contributions pursuant to Section 5.02), and admitting as an Additional Member the Person to whom such Units are issued; 

(xii) the creation or authorization of any additional class or category of Members; 

  
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 (xiii) public representations, announcements, press releases, or press briefings
concerning the Facilities that specifically name a Member; except that a Member shall have the right to report material events as required by applicable securities exchange rules and regulations; 

(xiv) (A) the entering into of any agreement, transaction, commitment or arrangement (except to the extent (i) it is
solely in connection with any Non-Participatory Growth Capital Project prior to 300% Payout with respect to such Non-Participatory Growth Capital Project, (ii) it will not, directly or indirectly, adversely affect the non-participating
Member’s interest in the Company and (iii) all of its terms, obligations and liabilities will be performed or will expire prior to such 300% Payout) with any Member or any Member’s Affiliates or with any entity in which any such
Person owns a beneficial interest and (B) the entering into or amendment, modification or supplementation (or waiver of any rights under) of any agreement, transaction, commitment or arrangement (except to the extent (i) it is solely in
connection with any Non-Participatory Growth Capital Project prior to 300% Payout with respect to such Non-Participatory Growth Capital Project, (ii) it will not, directly or indirectly, adversely affect the non-participating Member’s
interest in the Company, and (iii) all of its terms, obligations and liabilities will be performed or will expire prior to such 300% Payout) with any of the Company’s officers, employees or agents or with any individual related by blood,
marriage or adoption to any such individual or with any entity in which any such Person or individual owns a beneficial interest; 

(xv) any change of the Company’s name or, except with respect to amendments to the Member Schedule permitted pursuant to
this Agreement without any Management Committee approval, any amendment or restatement of the Certificate or this Agreement; 

(xvi) a change in the purpose of the Company from that contemplated by Section 2.05; 

(xvii) agreements and approvals for connections in or out of the Facilities (other than with respect to any Non-Participatory
Growth Capital Project prior to 300% Payout with respect to such Non-Participatory Growth Capital Project); 
 (xviii) the
permanent shutdown of the Facilities; 
 (xix) the entering into, modification or termination of any joint tariff and other
tariff agreements, tariff settlement agreements, tariff filings and shipper charges involving the Facilities, or the setting or changing of published tariff rates on the Facilities; 

(xx) the liquidation, dissolution or other recapitalization or reorganization of the Company; 

(xxi) a Company Sale; 

  
 47 

 (xxii) the conversion of the Company from a limited liability company to another
business entity or structure; 
 (xxiii) entering into any joint venture with any Person; 

(xxiv) the designation of the registered agent of the Company; 

(xxv) the execution, amendment, or termination of any Contract that (A) has a value of greater than $10,000,000 in any
Calendar Year, or (B) is for a term of at least two years (in each case except to the extent (i) such Contract is solely in connection with any Non-Participatory Growth Capital Project prior to 300% Payout with respect to such
Non-Participatory Growth Capital Project, (ii) such Contract will not, directly or indirectly, adversely affect the non-participating Member’s interest in the Company, and (iii) all of such Contract’s terms, obligations and
liabilities will be performed or will expire prior to such 300% Payout); 
 (xxvi) any change to the Sandpiper Project
involving changes to the diameter of the pipe, recipient or delivery points, expansion of the design or capacity of the Sandpiper Facilities, or any other material change to the scope of the Sandpiper Project; and 

(xxvii) the release, compromise or settlement of any Claim against EPND where the damages or economic effect of such Claim is
reasonably estimated to exceed $10,000,000; and 
 (xxviii) the (A) release, compromise or settlement of or the
instigation of any Recovery Claim where the damages or economic effect of such Recovery Claim are reasonably estimated to exceed $10,000,000 or (B) the institution of any Recovery Claim (other than a Recovery Claim where the primary relief
sought by such Recovery Claim is specific performance, injunctive relieve or a temporary restraining order); and 
 (xxix)
entering into any Contract providing for or otherwise committing to take any of the foregoing actions in this Section 8.01(c), or delegating authority to any Person to approve any such actions. 

(d) Except as otherwise expressly permitted to be taken without approval of the Management Committee pursuant to Section 8.01(a),
prior to the Sandpiper Project In-Service Date all of the actions set forth in Section 8.01(c) proposed to be taken by or on behalf of the Company or any of its Subsidiaries shall require Super-Majority Management Committee Approval and
the consent of one Williston Manager, provided that: 
 (i) the consent of a Williston Manager shall not be so required for:

 (A) the approval of any Call Notice (including any Opt Out Sandpiper Call Notice) under Section 8.01(c)(iii)
in respect of capital contributions required under Section 5.02(b); 

  
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 (B) subject to Section 8.01(d)(i)(C), the actions set forth in
Section 8.01(c)(xxv), except with respect to the execution, amendment, or termination of any Contract that has a term of at least two years (except to the extent such Contract is solely in connection with any Non-Participatory Growth
Capital Project prior to 300% Payout with respect to such Non-Participatory Growth Capital Project and all of such Contract’s terms, obligations and liabilities will be performed or will expire prior to such 300% Payout); 

(C) the actions set forth in Sections 8.01(c)(i), 8.01(c)(ii), 8.01(c)(iii), 8.01(c)(ix) (other
than sales outside the ordinary course of business), and 8.01(c)(xxv) to the extent they are to be taken solely in connection with the Sandpiper Project or otherwise relate to the Sandpiper Facilities; or 

(D) any of such actions at any time that Williston is a Defaulting Member; 

(ii) for the purposes of this Section 8.01(d), the language in Section 8.01(c)(i) shall be replaced in
its entirety with the following: 
 “approving any Budget (other than, for the avoidance of doubt, (A) a Default
Budget, (B) the Budget attached to Exhibit B of the Operating and Construction Management Agreement, which the Members hereby agree is deemed to be approved, (C) any line item in any Budget related to Emergency Expenditures or Long-Term
Response Expenditures, (D) any Non-Growth Integrity Project Budget that is consistent with the limitations set forth in Section 14.03(a), (E) any Participatory Growth Capital Project Budget or (F) any Non-Participatory
Growth Capital Project Budget, which, in the cases of clauses (C) through (E), is included in any Budget) or changing the amount of the Cash Reserves Contingency Cap;” 

(iii) for the purposes of this Section 8.01(d), the language in Section 8.01(c)(xvii) shall be replaced
in its entirety with the following: 
 “agreements and approvals for trunkline connections in or out of the Facilities
(other than (A) with respect to any Non-Participatory Growth Capital Project prior to 300% Payout with respect to such Non-Participatory Growth Capital Project and (B) those negotiated by the Company in the ordinary course pursuant to
common carrier requirements under applicable Law);” 
 (iv) for the purposes of this Section 8.01(d), the
language in Section 8.01(c)(xix) shall be replaced in its entirety with the following: 
 “the entering
into, modification or termination of any joint tariff and other tariff agreements, tariff settlement agreements, tariff filings and shipper charges involving the Facilities, or the setting or changing of published tariff rates on the Facilities,
other than: (A) routine annual filings of FERC indexing adjustments of tolls; (B) the routine filing of costs and volumes pursuant to the annual cost of service parameters as defined in any Contracts to which the Company is a party; and
(C) the filing of uncommitted rates for the Sandpiper Project;” 

  
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 (e) Notwithstanding anything to the contrary herein, the Management Committee and a Williston
Manager (as applicable) shall be deemed to have approved any of the actions, decisions and/or other matters set forth in Section 8.01(b), Section 8.01(c) and Section 8.01(d) if such actions, decisions and/or other
matters are (i) undertaken or performed as reasonably necessary for any Emergency Expenditure (to the extent such Emergency Expenditure is authorized to be incurred by the Operator pursuant to the Operating and Construction Management
Agreement) or (ii) included in any Budget (including, for the avoidance of doubt, any Default Budget, any Non-Growth Integrity Project Budget, any Participatory Growth Capital Project Budget and any Non-Participatory Growth Capital Project
Budget included in any Budget), taking into account the variance thereto permitted by the terms and provisions of the Operating and Construction Management Agreement or any Growth Capital Project Request related to a Participatory Growth Capital
Project. 
 (f) Notwithstanding anything to the contrary herein: 

(i) (A) any Conflict Activity shall be subject to the sole approval of the Managers that have been designated by the
Non-Conflicted Member, (B) neither the Conflicted Member nor the Managers designated by the Conflicted Member shall have the right to vote on or consent to any approval in connection with any action by the Management Committee in respect of
such Conflict Activity, (C) the presence of any Managers designated by the Conflicted Member shall not be required for purposes of determining the presence of a quorum in connection with any such action, and (D) the Non-Conflicted Member
or the Managers designated by such Non-Conflicted Member may conduct or cause to be conducted any Conflict Activity on behalf of the Company. 

(ii) this Section 8.01(f) shall not apply at any time that a Non-Conflicted Member is a Defaulting Member. 

(g) All decisions taken by the Management Committee pursuant to this Section 8.01 shall be conclusive and binding on all Members.

 (h) Notwithstanding anything to the contrary in Section 8.01, any Growth Capital Projects shall be approved in accordance with
Section 14.01. 
 Section 8.02 Number, Tenure and Qualification. 

(a) The Management Committee initially shall consist of four Managers. Prior to the Sandpiper Project In-Service Date, Enbridge shall be
entitled to designate two individuals to serve on the Management Committee as Managers and, so long as Williston continues to hold 10% of the Class B Units, Williston shall be entitled to designate two individuals to serve on the Management
Committee as Managers (the “Williston Managers”). From and after the Sandpiper Project In-Service Date, Enbridge shall be entitled to designate two individuals to serve on the Management Committee as Managers, for so long as any
member of the Enbridge Group holds any Class A Units, and Williston shall be entitled to designate two individuals to serve on the Management Committee as Managers, for so long as any member of 

  
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the Williston Group holds any Class A Units. Each of Enbridge and Williston, for so long as it is entitled to designate any individuals to serve on the Management Committee as a Manager,
shall also be entitled to designate one Person (each, a “Management Committee Alternate”) to act as such Member’s alternate Manager in the absence of such Member’s designated Manager(s). Each Manager may bring to any
Management Committee meetings such observers and advisors as it may deem appropriate. The initial Managers designated by Enbridge and the initial Williston Managers designated by Williston are set forth on Exhibit D. 

(b) Each Member shall have the right to change its Manager(s) or its Management Committee Alternate at any time by giving notice of such change
to the Company and the other Member. 
 (c) Any Manager (and any Management Committee Alternate) designated in accordance with this
Section 8.02 shall be immediately removed from the Management Committee (or its position as a Management Committee Alternate, as applicable) at such time that the Member that designated such Manager (or Management Committee Alternate) is
no longer entitled to designate any Managers under Section 8.02(a). 
 (d) Neither the Managers nor the Management Committee
Alternates need be residents of the State of Delaware. Each Manager and Management Committee Alternate shall be an employee of the Member or an Affiliate of the Member that designated such Manager or Management Committee Alternate and shall hold
office until such Manager’s or Management Committee Alternate’s, as applicable, successor shall be duly designated or until the earlier of such Manager’s or Management Committee Alternate’s, as applicable, death, removal or
resignation. 
 (e) A Person that serves as a Manager or Management Committee Alternate shall not be required to be a Manager or Management
Committee Alternate, as applicable, as his sole and exclusive occupation, and Managers and Management Committee Alternates may have other business interests and may engage in other investments, occupations and activities in addition to those
relating to the Company. 
 (f) (i) If any of a Member’s Managers is absent or unavailable or there is a vacancy in any of such
Member’s Managers, then the other Manager(s) designated by such Member shall be entitled to cast the entire number of Total Votes attributable to the Class A Percentage Interest (at the time of the applicable Management Committee vote) of
the Member that designated such Managers and (ii) if a Member provides notice to the other Member, then such Member’s Management Committee Alternate shall be authorized to act as a “Manager” for all purposes hereunder for the
duration of such designated Manager’s absence. 
 Section 8.03 Voting Proxies; Quorum; Meetings of Management Committee.

 (a) Any Manager may vote at a meeting by a written proxy executed by that Manager and delivered to the Management Committee. Subject to
Section 5.04(a)(iii)(B), attendance (either in person, by remote communication pursuant to Section 8.03(g) or by proxy) of a Manager representing each Member that is then entitled to designate any individuals to serve as
Managers shall constitute a quorum for the transaction of business at a meeting of the 

  
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Management Committee; provided, however, that, at any time that both Enbridge and Williston are entitled to designate individuals to serve as Managers, (i) any Managers that
recuse themselves from a meeting or vote shall be counted as present for quorum purposes and (ii) if a quorum is not present at two consecutive meetings due to the absence of a Manager representing the same Member (and, if such Member has
provided notice to the other Member that such Member’s Management Committee Alternate is authorized to act as a “Manager” pursuant to Section 8.02(f)(ii), then the absence of such Management Committee Alternate), then,
until a meeting is attended by a Manager representing such Member (or such Management Committee Alternate), there shall be deemed to be a quorum if a Manager representing the other Member is in attendance (either in person, by remote communication
pursuant to Section 8.03(g) or by proxy) at any meetings thereafter. On any action by the Management Committee (whether at a meeting or by written consent), the Managers shall collectively have 100 votes to cast on, or consent to, such
action. The collective votes of each Member’s Managers shall, for purposes of Management Committee Approval and Super-Majority Management Committee Approval, be deemed to be equivalent to (A) the Class A Percentage Interest (at the
time of such vote) of the Member that designated such Managers multiplied by (B) 100; provided, however, that (1) if either of Enbridge or Williston Transfers any Class A Units to any Person that is not an
Affiliate of Enbridge or Williston, as the case may be, the collective votes of each Member’s Managers shall be deemed to be equivalent to (x) the total number of Class A Units held by the Member that designated such Managers,
divided by the total number of Class A Units held by the Enbridge Group and the Williston Group, multiplied by (y) 100; and (2) prior to the Sandpiper Project In-Service Date, the Managers designated by Enbridge shall be
entitled to collectively exercise 100 votes and the Williston Managers shall not be entitled to any votes (but, for the avoidance of doubt, a Williston Manager’s consent shall be required for any action set forth in
Section 8.01(d)). The sum of the collective votes of each Member’s Managers shall be referred to herein as the “Total Votes.” Except as otherwise expressly provided in this Agreement, any action or event relating to
business conducted at a Management Committee meeting shall be deemed approved by the Management Committee only if such action or event receives the required approval of the Management Committee and consent of a Williston Manager (as applicable) at a
meeting at which a quorum is present or is approved by written consent as provided in Section 8.03(f). 
 (b) The Management
Committee may establish such subcommittees as it may deem appropriate, together with the rules governing the activities of such subcommittees. The functions of such subcommittees shall be to serve in an advisory capacity only. Each Member that is
entitled to designate any individuals to serve as Managers shall have the right to designate an agreed upon number of representatives to serve on each subcommittee. 

(c) The Management Committee may hold its meetings in such place or places, within or without the State of Delaware, as the Management
Committee may from time to time determine by resolution. At all meetings of the Management Committee, business shall be transacted in such order as shall from time to time be determined by resolution of the Management Committee. 

  
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 (d) Regular meetings of the Management Committee shall be held at such times and places as shall
be designated from time to time by resolution of the Management Committee. Notice of such regular meetings shall not be required if held at the times and places set forth in the relevant resolution and such resolution has been provided to each
Manager. 
 (e) Special meetings of the Management Committee may be called by (i) any Manager or Managers having at least 15 Total Votes
and (ii) if prior to the Sandpiper Project In-Service Date, by a Williston Manager, in each case, on at least 48 hours personal, written, telegraphic, telephonic, wireless or electronic notice to each Manager, which notice must include
appropriate dial-in information to permit each Manager to participate in such meeting by means of telephone conference. Such notice need not state the purpose or purposes of such meeting, except as may otherwise be required by the Act. 

(f) Notwithstanding any other provision herein to the contrary, any action required or permitted to be taken at any meeting of the Management
Committee with Management Committee Approval, Super-Majority Management Committee Approval or consent of a Williston Manager may be taken without a meeting if a consent in writing (whether evidenced by a signed hard copy, electronic mail or
otherwise), setting forth the action so taken, shall be provided by the number of Managers having the number of Total Votes and the consent of a Williston Manager (as applicable) that would be required to take the applicable action at a meeting of
the Management Committee and, when so provided, such written consent shall constitute Management Committee Approval or Super-Majority Management Committee Approval of such action and the consent of a Williston Manager (as applicable), as the case
may be, and notice of any such action taken shall be provided to those Managers who have not consented in writing promptly following the taking of such action; provided, however, that no such consent (and none of the actions taken by
the Company pursuant thereto) will be authorized or valid unless such consent is provided to all of the Managers and the Members at least two (2) days prior to the effective date on which the actions proposed in such consent are taken or become
effective. 
 (g) Subject to the requirement for notice of meetings, members of the Management Committee may participate in a meeting by
means of a conference telephone, similar communications equipment, or other electronic means by which all Managers participating in the meeting can hear each other, and participation in such a meeting shall constitute presence in person at such
meeting, except where a Manager participates in the meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened. 

(h) Attendance of a Manager at any meeting of the Management Committee (including by telephone) shall constitute a waiver of notice of such
meeting, except where such Manager attends the meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened and notifies the other Managers at such meeting of such
purpose. 
 Section 8.04 Resignation of Managers and Management Committee Alternates. A Manager or Management Committee
Alternate may resign from the position of Manager or Management Committee Alternate, as applicable, at any time by giving written notice to the Members and each Manager. The resignation of a Manager or Management Committee Alternate shall take
effect upon receipt of notice thereof or at such later time as shall be specified in such notice; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. 

  
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 Section 8.05 Removal of Managers and Management Committee Alternates. Subject
to the automatic removal provisions of Section 8.02(c), a Manager or Management Committee Alternate may only be removed by the consent of the Member then entitled to designate such Manager or Management Committee Alternate in accordance
with Section 8.02(a). 
 Section 8.06 Vacancies. Any vacancy in the position of a Manager or Management
Committee Alternate that is created by the death, removal or resignation of a Manager or Management Committee Alternate, as applicable, shall be filled by the Member then entitled to designate such Manager or Management Committee Alternate in
accordance with Section 8.02(a); provided, however, that any vacancy created on the Management Committee pursuant to Section 8.02(c) as a result of a Member and its Affiliates ceasing to hold any Units shall
automatically cause the number of Managers constituting the Management Committee to be reduced by the number of such vacancies. A Manager or Management Committee Alternate designated to fill a vacancy shall hold office until a successor shall be
designated, or until such Manager’s or Management Committee Alternate’s, as applicable, earlier death, removal or resignation. 

Section 8.07 Fees and Expenses of Managers and Management Committee Alternates. A Manager or Management Committee Alternate
shall not be entitled to any fees for serving as a Manager or Management Committee Alternate. Each Member shall be responsible for all out-of-pocket costs and expenses incurred by its Managers and Management Committee Alternate in their respective
capacities as Managers or Management Committee Alternate, as applicable. 
 Section 8.08 Members. Subject to the terms of
the Operating and Construction Management Agreement and the rights, authorities, duties and obligations of the Operator thereunder, and except for the right to (a) consent to or approve certain matters as expressly provided in this Agreement or
(b) cause the Company to undertake Growth Capital Projects pursuant to Section 14.01, no Member in its capacity as a Member shall have any power or authority to manage or control the Business, to bind the Company or any of its
Subsidiaries in any way, to pledge the Company’s or any of its Subsidiaries’ Assets, to enter into agreements on behalf of the Company or any of its Subsidiaries or to otherwise render the Company or any of its Subsidiaries liable for any
purpose. Except as otherwise expressly provided in this Agreement, the Members shall have no voting rights or rights of approval, veto or consent or similar rights over any actions of the Company and any references in this Agreement to any of the
foregoing terms shall be deemed to include each other term. Any matter requiring the consent or approval of any of the Members pursuant to this Agreement may be taken without a meeting, without prior notice and without a vote, by a consent in
writing, setting forth such consent or approval, and signed by the holders of not less than the number of outstanding Units necessary to consent to or approve such action. Prompt notice of such consent or approval shall be given by the Company to
the Member that has not joined in such consent or approval. 

  
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 Section 8.09 Delegation of Authority to Officers. 

(a) The Management Committee may appoint such officers of the Company as the Management Committee may deem necessary or advisable
(collectively, the “Officers”), and such Officers shall have the power, authority and duties delegated herein or otherwise by resolution of the Management Committee, in each case, to the extent the same have not previously been
delegated to the Operator (pursuant to the Operating and Construction Management Agreement or otherwise); provided, however, that prior to appointing any such Officers, the Company shall notify Williston of its intent to make such appoint and
provide Williston a reasonable opportunity to consult the Company with respect thereto. Officers may be given titles or may be designated as “authorized persons.” Subject to the first sentence of this Section 8.09(a), to the
extent authorized by the Management Committee, any Officer may have responsibility for the management of the normal and customary day-to-day operations of the Company, provided that any delegation of authority to an Officer to take any action
must be approved in the same manner as would be required for the Management Committee to approve such action directly. The Officers of the Company as of the Effective Date are set forth on Exhibit D hereto. The Officers of the Company
are required to promptly notify the Management Committee of any material occurrences or incidents relating to the Business. Subject to Section 8.01(c)(xxiv), and notwithstanding anything to the contrary in this Agreement, the Management
Committee may, in its sole discretion, remove any Officer with or without cause at any time. 
 (b) Officers of the Company shall not be
entitled to any fees for serving in such capacity. Each Member shall be responsible for all out-of-pocket costs and expenses incurred by its or its Affiliates’ employees that are Officers of the Company in their capacity as Officers. The
Company shall not hire, nor shall it be permitted to have, any employees. 
 (c) No Member shall be liable to the Company or the other Member
for any action taken or not taken by an employee of such Member that is taken in such employee’s capacity as an Officer of the Company. 

(d) None of the Officers of the Company shall be “managers” of the Company under Section 18-401 of the Delaware Act. 

ARTICLE IX 
 OPERATING
AND CONSTRUCTION MANAGEMENT AGREEMENT 
 Section 9.01 Operating and Construction Management Agreement. Except as
otherwise provided herein, the Business, the Pipeline Operations of the Company and its Subsidiaries, the management of the Design, Procurement and Construction of the Facilities, any Emergency Expenditures, any Long Term Response Expenditures and
any Non-Growth Integrity Projects, in all cases, shall be conducted by the Operator pursuant to the terms of the Operating and Construction Management Agreement. In the event the Operator is removed or resigns, in each case in accordance with the
terms and provisions of this Agreement and the Operating and Construction Management Agreement, the Management Committee, with Super-Majority Management Committee Approval and, if prior to the Sandpiper Project In-Service Date, the consent of a
Williston Manager, shall have the right to either (A) assign the Operating and Construction Management Agreement to any Member or any Affiliate of a Member as the new Operator thereunder or (B) enter into a new operating and construction
management agreement  

  
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in such form as the Management Committee, with Super-Majority Management Committee Approval and, if prior to the Sandpiper Project In-Service Date, the consent of a Williston Manager, may approve
with any Person that is not a Member or an Affiliate of any Member. Any such new operating and construction management agreement entered into by the Company shall then constitute an “Operating and Construction Management Agreement” as such
term is used in this Agreement. 
 ARTICLE X 

INDEMNIFICATION; DUTIES 

Section 10.01 Power to Indemnify in Actions, Suits or Proceedings. Subject to Section 10.06, the Company shall
indemnify any Covered Person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative arising out of or incidental to the
Business or by reason of such Person’s status as a Covered Person, against any and all losses, claims, expenses (including reasonable attorneys’ fees), costs, liabilities, damages, judgments, fines and amounts paid in settlement actually
and reasonably incurred by such Covered Person in connection with such action, suit or proceeding; provided, however, that such Covered Person shall not be indemnified by the Company if there has been a final and non-appealable
judgment entered by a court of competent jurisdiction determining that, in respect of the matter for which such Covered Person is seeking indemnification hereunder, and taking into account the acknowledgments and agreements set forth in this
Agreement, such Covered Person committed bad faith, fraud or willful misconduct or criminal wrongdoing. Any indemnification provided hereunder shall be satisfied solely out of the assets of the Company, as an expense of the Company. No Covered
Person shall be subject to personal liability by reason of these indemnification provisions. 
 Section 10.02
Authorization of Indemnification. Any indemnification under this Article X (unless ordered by a court) shall be made by the Company unless the Management Committee determines in a specific case that indemnification of a Covered
Person is improper in the circumstances because such Covered Person has not met the applicable standard of conduct set forth in Section 10.01. Such determination shall be made by Super-Majority Management Committee Approval. To the
extent that a Covered Person has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Section 10.01, or in defense of any claim, issue or matter therein, such Covered Person shall be
indemnified against expenses (including reasonable attorneys’ fees) actually and reasonably incurred by such Covered Person in connection therewith, without the necessity of authorization in the specific case.  

Section 10.03 Expenses Payable in Advance. Reasonable expenses incurred or reasonably expected to be incurred by a Covered
Person in defending or investigating a threatened or pending action, suit or proceeding referred to in Section 10.01 shall be paid by the Company in advance of the final disposition of such action, suit or proceeding upon written request
by such Covered Person and receipt of an undertaking by or on behalf of such Covered Person to repay such amount if it shall ultimately be determined that such Covered Person is not entitled to be indemnified by the Company as authorized by this
Article X. 

  
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 Section 10.04 Nonexclusivity of Indemnification and Advancement of Expenses.
The indemnification and advancement of expenses provided by or granted pursuant to this Article X shall not be deemed exclusive of any other rights to which a Covered Person seeking indemnification or advancement of expenses may be
entitled under any agreement, contract, vote of Members or Management Committee or pursuant to the direction (howsoever embodied) of any court of competent jurisdiction or otherwise, both as to action in such Covered Person’s official capacity
and as to action in another capacity while holding such office, it being the policy of the Company that indemnification of the Persons specified in Section 10.01 shall be made to the fullest extent permitted by Law. The provisions of
this Article X shall not be deemed to preclude the indemnification of any Person who is not specified in Section 10.01, but whom the Company has the power or obligation to indemnify under the provisions of the Act or
otherwise. 
 Section 10.05 Survival of Indemnification and Advancement of Expenses. The indemnification and
advancement of expenses provided by, or granted pursuant to, this Article X shall, unless otherwise provided when authorized or ratified, inure to the benefit of the heirs, executors and administrators of a Covered Person. Any amendment,
modification or repeal of this Article X or any provision hereof shall be prospective only and shall not in any way affect the limitations on liability of the Covered Persons, or terminate, reduce or impair the right of any past, present
or future Covered Person, under and in accordance with the provisions of this Article X as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or relating to matters occurring, in
whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted. 

Section 10.06 Limitation on Indemnification. Notwithstanding anything contained in this Article X to the
contrary, except for proceedings to enforce rights to indemnification, the Company shall not be obligated to indemnify any Covered Person in connection with a proceeding (or part thereof) initiated by such Covered Person on behalf of such Covered
Person unless such proceeding (or part thereof) was authorized or consented to by the Management Committee, with Super-Majority Management Committee Approval. Nothing in this Article X shall be deemed to apply to any action, suit,
proceeding or dispute with respect to a Covered Person’s employment relationship with the Company or any Affiliate of the Company, and no Covered Person shall be indemnified by the Company for any acts or omissions by such Person that
constitute a breach of the terms of any such employment relationship. 
 Section 10.07 Indemnitor of First Resort.
The Company and each Member hereby acknowledge that certain of the Covered Persons (the “Member Indemnitees”) have certain rights to indemnification, advancement of expenses or insurance provided by a Member or certain
of its Affiliates (collectively, the “Member Indemnitors”). The Company hereby agrees, and the Members hereby acknowledge, that: (a) to the extent legally permitted and as required by the terms of this Agreement
and the Certificate (or by the terms of any other agreement between the Company and a Member Indemnitee), (i) the Company is the indemnitor of first resort (i.e., its obligations to each Member Indemnitee are primary and any obligation
of the Member Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred by any Member Indemnitee are secondary), and (ii) the Company shall be required to advance the full amount of expenses
incurred by a Member Indemnitee and shall be liable for the full amount of all expenses, judgments, penalties, fines and amounts paid  

  
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in settlement, without regard to any rights that a Member Indemnitee may have against the Member Indemnitors, and (b) the Company irrevocably waives, relinquishes and releases the Member
Indemnitors from any and all claims for contribution, subrogation or any other recovery of any kind in respect of any of the matters described in clause (a) of this sentence for which any Member Indemnitee has received indemnification or
advancement from the Company. The Company further agrees that no advancement or payment by the Member Indemnitors on behalf of any Member Indemnitee with respect to any claim for which a Member Indemnitee has sought indemnification from the Company
shall affect the foregoing and that the Member Indemnitors shall have a right of contribution and/or be subrogated to the extent of such advancement or payment to all of the rights of recovery of such Member Indemnitee against the Company. 

Section 10.08 Insurance. The Company may cause to be maintained directors’ and officers’ insurance, at its expense to
protect itself and each Manager and Officer, and any Covered Person in accordance with this Article X. 
 Section 10.09
Severability. The provisions of this Article X are intended to comply with the Act. To the extent that any provision of this Article X authorizes or requires indemnification or the advancement of expenses contrary to
the Act or the Certificate, the Company’s power or obligation to indemnify or advance expenses under such provision shall be limited to that permitted by the Act and the Certificate, and any limitation required by the Act or the Certificate
shall not affect the validity of any other provision of this Article X. 
 ARTICLE XI 

DUTIES OF MEMBERS, MANAGERS AND OFFICERS 

Section 11.01 Fiduciary Duties; Limitation of Liability. 

(a) Except with respect to Growth Capital Projects, which the Members hereby acknowledge and agree must be pursued through the Company or its
Subsidiaries and offered by the Proposing Member to the other Member for its participation, in each case, in accordance with Section 14.01, and without limiting in any respect the Operator’s duties under the Operating and
Construction Management Agreement, to the maximum extent permitted by applicable Law and notwithstanding any provision of this Agreement to the contrary: 

(i) No Member, in its capacity as a Member, shall have any fiduciary or other duty (and each Member and the Company hereby
waive any and all such duties) to the Company, any other Member, any Manager or any other Person that is a party to or is otherwise bound by this Agreement other than the implied contractual covenant of good faith and fair dealing. 

(ii) To the maximum extent permitted by applicable Law, whenever a Member, in its capacity as a Member, is permitted or
required to make a decision or take an action or omit to take an action (including wherever in this Agreement that any Member is permitted or required to make, grant or take a determination, a decision, consent, vote, judgment or action at its
“discretion,” “sole discretion” or under a grant of similar authority or latitude), such Member shall be entitled to consider only such interests and factors, including its own, as it desires, and shall have no duty or obligation

  
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to give any consideration to any other interest or factors whatsoever. To the maximum extent permitted by applicable Law, no Member shall be liable to the Company or to any other Member for
losses sustained or liabilities incurred as a result of any act or omission (in relation to the Company, any transaction, any investment or any business decision or action, including for breach of duties including fiduciary duties) taken or omitted
by such Member, unless there has been a final and non-appealable judgment entered by a court of competent jurisdiction determining that, in respect of such act or omission, and taking into account the acknowledgments and agreements set forth in this
Agreement, such Member engaged in bad faith, fraud, willful misconduct or criminal wrongdoing. 
 (iii) No Manager or
Management Committee Alternate (in such Person’s capacity as a Manager or Management Committee Alternate) shall have any fiduciary or other duty (and each Member and the Company hereby waive any and all such duties) to the Company, any Member,
any other Manager or Management Committee Alternate or any other Person that is a party to or is otherwise bound by this Agreement other than the implied contractual covenant of good faith and fair dealing. To the maximum extent permitted by
applicable Law, no Manager or Management Committee Alternate (in such Person’s capacity as a Manager or Management Committee Alternate) shall be liable to the Company or to any Member for losses sustained or liabilities incurred as a result of
any act or omission (in relation to the Company, any transaction, any investment or any business decision or action, including for breach of duties including fiduciary duties) taken or omitted by such Manager or Management Committee Alternate (in
such Person’s capacity as a Manager or Management Committee Alternate), unless there has been a final and non-appealable judgment entered by a court of competent jurisdiction determining that, in respect of such act or omission, and taking into
account the acknowledgments and agreements set forth in this Agreement, such Manager or Management Committee Alternate (in such Person’s capacity as a Manager or Management Committee Alternate) engaged in bad faith, fraud, willful misconduct or
criminal wrongdoing. Each Member acknowledges and agrees that any Manager or Management Committee Alternate designated by a Member pursuant to Section 8.02(a) shall serve in such capacity to represent the interests of the Member that
designated such Manager or Management Committee Alternate and shall be entitled to consider only such interests (including the interests of the Member that designated such Manager or Management Committee Alternate) and factors specified by the
Member that designated such Manager or Management Committee Alternate. To the maximum extent permitted by applicable Law, a Manager or Management Committee Alternate, in performing his or her duties and obligations as a Manager or Management
Committee Alternate under this Agreement, shall be entitled to act or omit to act at the direction of the Member that appointed such Manager or Management Committee Alternate, considering only such factors, including the separate interests of such
appointing Member, as such Manager, Management Committee Alternate or Member chooses to consider, and any action of a Manager or Management Committee Alternate or failure to act, taken or omitted in good faith reliance on the foregoing provision
shall not, as between the Company and the other Member, on the one hand, and such Manager or Management Committee Alternate and the appointing Member, on the other hand, constitute a breach of any duty (including any fiduciary or other similar duty,
to the extent that such duty exists under the Act or any other applicable Law, rule or regulation) on the part of such Manager, Management Committee Alternate or appointing Member, or any other Manager, Management Committee Alternate or Member. 

  
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 (iv) No Officer (in such Person’s capacity as an Officer) shall have any
fiduciary or other duty (and each Member and the Company hereby waive any and all such duties) to the Company, any Member, any Manager, any Officer or any other Person that is a party to or is otherwise bound by this Agreement other than the implied
contractual covenant of good faith and fair dealing. To the maximum extent permitted by applicable Law, no Officer (in such Person’s capacity as an Officer) shall be liable to the Company or to any Member for losses sustained or liabilities
incurred as a result of any act or omission (in relation to the Company, any transaction, any investment or any business decision or action, including for breach of duties including fiduciary duties) taken or omitted by such Officer (in such
Person’s capacity as an Officer), unless there has been a final and non-appealable judgment entered by a court of competent jurisdiction determining that, in respect of such act or omission, and taking into account the acknowledgments and
agreements set forth in this Agreement, such Officer (in such Person’s capacity as an Officer) engaged in bad faith, fraud, willful misconduct or criminal wrongdoing. 

(b) Each Member Covered Person may rely on (i) any resolution, certificate, statement, instrument, opinion, report, notice, request,
consent, order, bond, debenture, paper, document, signature or writing reasonably believed by it to be genuine, (ii) any certificate signed by an officer, agent or representative of any Person in order to ascertain any fact with respect to such
Person or within such Person’s knowledge, and (iii) the provisions of this Agreement and the advice of counsel, accountants and other professionals that is provided to the Company or such Member Covered Person and, in each case, such
Member Covered Person shall not be liable to the Company or to any other Member for such reliance, provided that, there has not been a final and non-appealable judgment entered by a court of competent jurisdiction determining that, in respect
of such reliance, and taking into account the acknowledgments and agreements set forth in this Agreement, such Member Covered Person engaged in bad faith, fraud, willful misconduct or criminal wrongdoing. 

(c) Each Manager and Management Committee Alternate (in such Person’s capacity as a Manager or Management Committee Alternate) may rely on
(i) any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, paper, document, signature or writing reasonably believed by it to be genuine, (ii) any certificate signed by an
officer, agent or representative of any Person in order to ascertain any fact with respect to such Person or within such Person’s knowledge, and (iii) the provisions of this Agreement and the advice of counsel, accountants and other
professionals that is provided to the Company or such Manager or Management Committee Alternate and, in each case, such Manager or Management Committee Alternate shall not be liable to the Company or to any Member for such reliance, provided
that, there has not been a final and non-appealable judgment entered by a court of competent jurisdiction determining that, in respect of such reliance, and taking into account the acknowledgments and agreements set forth in this Agreement, such
Manager or Management Committee Alternate engaged in bad faith, fraud, willful misconduct or criminal wrongdoing. 

  
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 (d) Each Officer (in such Person’s capacity as an Officer) may rely on (i) any
resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture, paper, document, signature or writing reasonably believed by it to be genuine, (ii) any certificate signed by an officer, agent
or representative of any Person in order to ascertain any fact with respect to such Person or within such Person’s knowledge, and (iii) the provisions of this Agreement and the advice of counsel, accountants and other professionals that is
provided to the Company or such Officer and, in each case, such Officer shall not be liable to the Company or to any Member for such reliance, provided that, there has not been a final and non-appealable judgment entered by a court of
competent jurisdiction determining that, in respect of such reliance, and taking into account the acknowledgments and agreements set forth in this Agreement, such Officer engaged in bad faith, fraud or willful misconduct or criminal wrongdoing. 

(e) Notwithstanding anything in this Agreement to contrary, nothing in this Section 11.01 shall limit or waive any claims against,
actions, rights to sue, other remedies or other recourse the Company, any Member or any other Person may have against any Member, Manager or Officer for a breach of contract claim relating to any binding agreement. 

ARTICLE XII 
 INSURANCE

 Section 12.01 Operator Insurance. The Company acknowledges that, pursuant to the Operating and Construction Management
Agreement, the Operator is required to obtain, at the Company’s sole cost and expense, the kinds of insurance and amounts of coverage set forth in the Operating and Construction Management Agreement. 

Section 12.02 Company Insurance. The Operator shall, as directed by the Company in writing, administer the Company’s
insurance in accordance with Article X hereunder and the Operating and Construction Management Agreement, including (i) procuring and maintaining, at the Company’s expense, any and all insurance policies required to be maintained by
the Company, (ii) monitoring compliance with the terms and conditions of all such insurance policies, (iii) administering claims and obtaining recoveries for and on behalf of the Company under such insurance policies, and
(iv) facilitating reimbursement of reasonable Member insurance premium expenses for such insurance procured in accordance with Section 12.03. 

Section 12.03 Member Insurance. A Member may, purchase or arrange for insurance or a self-funded or self-insurance program to
provide insurance coverage for the value of its Units in excess of or not covered by the insurance mandated pursuant to the Operating and Construction Management Agreement, the benefit of which may accrue to such Member with respect to such Units.
If such insurance is purchased, each Member shall cooperate with the Operator to obtain reimbursement for insurance premium expenses incurred and directly resulting from this Section 12.03. The Management Committee shall annually review
and approve the Company’s reimbursement of each Member’s incurred reasonable insurance premium expenses in accordance with Section 5.1 of the Operating and Construction Management Agreement. For purchased insurance or any other
type of insurance or self-insurance arranged to cover such loss, each Member shall waive rights of recovery and shall cause its insurers to waive rights of subrogation in favor of the Company and its Subsidiaries, the

  
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Members and the Operator, as applicable, but only to the extent of the indemnification obligations herein or in the Operating and Construction Management Agreement. All insurance deductibles,
retentions, self-insured fronting arrangements, self-insurance or similar program cost and expense applicable to such coverage shall be the sole responsibility of the Member obtaining such insurance. Each Member hereby agrees to make cash
contributions to the Company pursuant to Section 5.02 in order to fund the costs of any claim or liability for which insurance proceeds are reasonably expected to be received from any such insurance policies maintained by a Member under
this Section 12.03. Subject to the foregoing sentence, each Member also hereby agrees to contribute to the Company the proceeds of any such insurance policies upon receipt of such proceeds, to the extent such Member has not already made
cash contributions to the Company pursuant to Section 5.02 in order to fund the costs of any claim or liability for which such insurance proceeds are received. 

ARTICLE XIII 

LIMITATIONS ON TRANSFERS 

Section 13.01 Transfer of Units. 

(a) Subject to the other provisions set forth in this Agreement, any Member may Transfer its Units; provided that prior to the Sandpiper
Project In-Service Date, no Member shall Transfer any of its Units without the consent of the other Member unless such Transfer is (i) to a Wholly-Owned Affiliate of such Member or (ii) in connection with a Company Sale; and provided
further, if such Member does not Transfer all of its Units pursuant to such Transfer, it must Transfer 10% or more of the outstanding class of Units being transferred pursuant to such Transfer. Any attempted Transfer of Units other than in
compliance with this Agreement (including a Transfer not in compliance with the foregoing provisos) shall be null and void and of no force or effect. Any Member that Transfers any of its Units shall promptly provide written notice thereof to the
Company and to the other Member. Notwithstanding anything to the contrary in this Agreement, a Member and its Affiliates to which any Units have been Transferred shall collectively be entitled to the rights and subject to the obligations of such
Member pursuant to this Agreement and, for all purposes of this Agreement (including the determination of such Member’s applicable Class A Percentage Interest or Class B Percentage Interest (as applicable) and its entitlement to designate
Managers pursuant to Section 8.02(a) and the determination of the Total Votes of such Member and its Affiliates pursuant to Section 8.03(a)), such Member and such Affiliates shall be deemed to be, and shall be treated as, one
and the same Member. 
 (b) A transferring Member shall, notwithstanding the Transfer, be liable to the Company and the other Member for its
obligation to fund in accordance with Section 5.02 its portion of any contributions required to be made pursuant to any Call Notice delivered pursuant to Section 5.02, in each case, accrued under this Agreement on or prior to
the effective date of such Transfer, but shall be released from any other obligations thereafter accruing under this Agreement with respect to its Units being Transferred, except in the case where the Transfer at issue is made to an Affiliate, in
which case the transferring Member shall remain liable for all such obligations. In addition to the foregoing, each transferring Member shall, notwithstanding the Transfer, be entitled to any distributions made by the Company pursuant to this
Agreement to the extent the same were accrued on or prior to the effective date of such Transfer. 

  
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 (c) If, following any Transfer of Units by a Member, neither such Member nor any of its
Affiliates holds any Units, then any Affiliate of such Member (or such Member, as applicable) then serving as Operator under the Operating and Construction Management Agreement shall be subject to removal from such position pursuant to the terms of
Section 2.3.2(d) thereof. 
 (d) Each Member that is an entity that was formed for the sole or principal purpose of directly or
indirectly acquiring Units or an entity whose principal asset is its Units, or direct or indirect interests in Units, agrees that it will not permit dispositions of Equity Interests in such Member in a single transaction or series of related
transactions if such dispositions collectively would result in Equity Interests in such Member being owned or Controlled by a Person or Persons that do not own or Control Equity Interests in such Member as of the date that such Member became a
Member; provided, however, that, notwithstanding anything to the contrary in this Agreement, (i) the Equity Interests of Williston may be Transferred to any of its Wholly-Owned Affiliates or any Subsidiary of MPLX LP without restriction
and without any breach or violation of this Agreement and (ii) in furtherance of the foregoing, the Company and the Members acknowledge and agree that none of the rights and obligations set forth in this Article XIII shall apply to any
such Transfer. 
 Section 13.02 Conditions Precedent to a Transfer of Units. Each Transfer of Units shall be subject to the
terms hereof, and, as a condition precedent to the Company recognizing such Transfer, each transferor must satisfy all of the requirements (including the proportionate Transfer of its funding obligations) and not violate any of the Transfer
restrictions set forth in Section 13.01, and each Transfer must meet the following conditions to the reasonable satisfaction of the Managers designated by the non-transferring Member: 

(a) Except in the case of a Transfer involuntarily by operation of Law, the transferor and transferee shall execute and deliver to the Company
such documents and instruments of conveyance as may be reasonably necessary or appropriate to affect such Transfer. In the case of a Transfer involuntarily by operation of Law, the Transfer shall be confirmed by presentation to the Company of legal
evidence of such Transfer, in form and substance reasonably satisfactory to counsel to the Company. In all cases, the Company shall be reimbursed by the transferor or transferee for all reasonable costs and expenses that it incurs in connection with
such Transfer. 
 (b) The transferor and transferee shall furnish the Company with the transferee’s taxpayer identification number,
sufficient information to determine the transferee’s initial tax basis in the Units transferred and any other information reasonably necessary to permit the Company to file all required federal and state tax returns and other legally required
information statements or returns. Without limiting the generality of the foregoing, the Company shall not be required to make any distribution otherwise provided for in this Agreement with respect to any transferred Units until it has received such
information. 
 (c) Such Transfer shall be exempt from all applicable registration requirements and such Transfer may not violate any
applicable Laws regulating the transfer of securities, including the Securities Act. 

  
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 (d) Such Transfer will not cause the Company to be deemed to be an “investment company”
under the Investment Company Act of 1940. 
 (e) Such Transfer, together with all other Transfers within the preceding 12 Calendar
Months, will not cause the Company to be treated as having been terminated under Section 708(b)(1)(B) of the Code. 
 (f) Subject to
Section 8.01(c)(xv), Section 8.01(d), and Section 17.05, the transferor, the transferee and the non-transferring Member shall, if necessary, have amended, restated, modified or waived, as applicable, any provision
of this Agreement that they may have determined in good faith to be necessary or desirable in order to facilitate such Transfer, reflect terms and conditions with respect to the ongoing regulation and management of the Company and provide for the
relative rights and obligations of such transferor, such transferee and such Member with respect to the Company, in each case, including any such amendments, restatements, modifications or waivers as may be necessary in order to provide for the
circumstance that, following such Transfer, there shall be more than two Members; provided, however, that the Members hereby acknowledge and agree that this Section 13.02(g) shall in no event be deemed to limit or otherwise
affect the rights of a Member with respect to any Transfer of its Units in accordance with the express terms and conditions of this Agreement. 

Section 13.03 Admission of Substitute Members. Upon compliance with all of the provisions of this Agreement regarding Transfers
and the delivery to the Company by a transferee of an executed addendum agreement in the form attached as Exhibit E (an “Addendum Agreement”), (a) such transferee shall be deemed to be a party hereto as if such
transferee were the transferor and such transferee’s signature appeared on the signature pages of this Agreement, and shall be deemed to be a Substitute Member and (b) the applicable transferor shall thereafter cease to be a Member to the
extent of the Member Interest and associated Units so transferred. 
 Section 13.04 Issuance of Units; Issuance of Additional Units;
Admission of Additional Members. 
 (a) Subject to Section 8.01(c)(xi), Section 8.01(c)(xii), and
Section 8.01(d), the Company may admit an Additional Member by issuing to such Additional Member Class A Units or any other class of Units as may be determined by the Management Committee. Such Additional Member shall be admitted to
the Company with all the rights and obligations of a Member if such Additional Member shall have executed and delivered to the Company (i) an Addendum Agreement and (ii) such other documents or instruments as may be required in the
Management Committee’s reasonable judgment to effect the admission. No issuance of Units otherwise permitted or required by this Agreement shall be effective, and no purchaser of any such issued Units from the Company shall be deemed to be a
Member, if the foregoing conditions are not satisfied. Subject to Section 8.01(c)(xv), Section 8.01(d), and Section 17.05, the Members shall, if necessary, amend, restate, modify or waive, as applicable, any provision
of this Agreement that they may determine in good faith to be necessary or desirable in order to facilitate such admission, reflect terms and conditions with respect to the ongoing regulation and management of the Company and provide for the
relative rights and obligations of such Additional Member and such continuing Members with respect to the Company. 

  
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 (b) In the event the Company issues additional Units pursuant to Section 13.04(a)
each Class A Member shall be entitled to purchase its pro rata share (based upon its Class A Percentage Interest) of such Units, other than (i) issuances of Units pursuant to Capital Notices as contemplated hereby, or
(ii) issuances of Equity Interests as consideration in an acquisition or other strategic transaction. If fewer than all Class A Members so elect to purchase such additional Units, each Class A Member that desires to purchase such
additional Units shall be entitled to purchase a number of such additional Units equal to the product of (A) the number of such additional Units, multiplied by (B) a fraction, the numerator of which is the number of Class A
Units held by such Class A Member, and the denominator of which is the aggregate number of Class A Units held by all Class A Members that desire to purchase such additional Units. 

Section 13.05 Rights and Obligations of Additional Members and Substitute Members. 

(a) A transferee of Units that has been admitted as a Substitute Member or a purchaser of any newly issued Units from the Company that has been
admitted as an Additional Member in accordance with Section 13.03 or Section 13.04, as applicable, shall have all the rights and powers and be subject to all the restrictions and Liabilities under this Agreement relating to a
Member holding the same class of Units held by such Additional Member or Substitute Member, including the obligation to fund such Additional Member’s or Substituted Member’s proportion of any contributions pursuant to
Section 5.02. 
 (b) Admission of an Additional Member or Substitute Member shall become effective on the date such Person’s
name is recorded in the Member Schedule and on the other books and records of the Company, which shall occur no later than the date such Person has satisfied the requirements for becoming a Substitute Member or Additional Member set forth in
Section 13.03 or 13.04, as applicable. Upon the admission of an Additional Member or Substitute Member, the Company shall, without the consent of any other Person, revise the Member Schedule to (i) reflect the name and
address of, and Units held by, such Additional Member or Substitute Member, (ii) eliminate or adjust, if necessary, the name, address, and Units of the predecessor of such Substitute Member, and (iii) adjust the applicable Class A
Percentage Interest and Class B Percentage Interest (as applicable) of each Member. 
 Section 13.06 No Other Persons Deemed
Members. Unless admitted to the Company as a Substitute Member or Additional Member as provided in this Agreement, no Person (including an assignee of rights with respect to Units or a transferee of Units, whether voluntary, by operation of Law
or otherwise) shall be, or shall be considered, a Member. The Company may elect to deal only with Persons admitted to the Company as Members as provided in this Agreement (including their duly authorized representatives). Any distribution by the
Company to the Person shown on the Member Schedule as a Member, or to its legal representatives, shall relieve the Company of all Liability to any other Person who may have an interest in such distribution by reason of any Transfer by the Member or
for any other reason. 
 Section 13.07 Tag-Along Transactions. The provisions of this Section 13.07 shall apply to
any proposed Transfer of Class A Units by a holder thereof from and after the Sandpiper Project In-Service Date: 

  
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 (a) In the event that any Class A Member (the “Initiating Holder”)
determines to effect, approve or otherwise take any action that would cause the occurrence of a sale, disposition, or other Transfer of such Class A Member’s Class A Units (other than to an Affiliate of such Member), and if such
Transfer is otherwise permitted by this Agreement, the Initiating Holder shall deliver written notice (a “Sale Notice”) to any other Class A Member (the “Tag-Along Seller”) and the Company, in accordance with
Section 17.01, at least 10 Business Days prior to the consummation of such transaction, offering the Tag-Along Seller the opportunity to participate in such transaction to the extent provided in this Section 13.07. The Sale
Notice shall contain a description of the material terms and conditions of the transaction between a Third Party purchaser and the Initiating Holder, including the names of the parties to the proposed transaction, the proposed amount and form of
consideration and the terms of any representations, warranties, covenants and indemnification to be provided by the Initiating Holder. 
 (b)
The Tag-Along Seller may, by written notice to the Initiating Holder delivered within five Business Days after delivery of the Sale Notice to the Tag-Along Seller, elect to sell its pro rata portion (based upon its Class A Percentage Interest)
of the Class A Units proposed to be sold by the Initiating Holder in such transaction and, upon delivery of such notice, the Tag-Along Seller shall be obligated to Transfer to the Third Party purchaser (subject to the other terms of this
Section 13.07), at the closing of such transaction, its pro rata portion (based upon its Class A Percentage Interest) of such Class A Units and the Class A Units to be sold by the Initiating Holder shall be correspondingly
reduced. A Tag-Along Seller so electing to participate in the sale of Class A Units pursuant to this Section 13.07 shall be required to provide such representations, warranties and indemnities that the Initiating Holder has agreed
to provide to such Third Party purchaser, and shall otherwise sell its Class A Units on the same terms as those upon which the Initiating Holder is selling its Class A Units to such Third Party purchaser. 

(c) In connection with any transaction in which the Tag-Along Seller elects to participate pursuant to this Section 13.07, the
Tag-Along Seller will take all necessary or desirable actions reasonably requested by the Initiating Holder and/or the Company in connection with the consummation of such transaction, including executing and delivering the applicable transaction
documents. 
 (d) The Tag-Along Seller shall not, except as required by applicable Law, disclose to any Person any information related to
such transaction (including, without limitation, the fact that discussions or negotiations are taking place concerning such transaction, or any of the terms, conditions or other facts with respect to such transaction). 

(e) At the closing of any such transaction in which the Tag-Along Seller has exercised its rights under this Section 13.07, the
Tag-Along Seller shall deliver at such closing certificates or other documentation (or other evidence thereof reasonably acceptable to the Transferee) representing such Tag-Along Seller’s Class A Units to be sold, duly endorsed for
transfer or accompanied by duly endorsed instruments of transfer, and such other documents as are deemed reasonably necessary by the Initiating Holder, the Transferee and/or the Company for the proper transfer of such Class A Units on the books
of the Company. 

  
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 (f) If any such transaction is consummated, the Initiating Holder and the Tag-Along Seller will
receive that portion of the aggregate consideration paid by the Third Party purchaser in respect of all Class A Units involved in such transaction to which such Person would be entitled if an amount equal to the aggregate consideration were
distributed to such Persons in accordance with the provisions of Article VII, and shall bear its pro rata share (based upon the aggregate consideration to be paid to such Member) of the costs and expenses of any such transaction to the
extent such costs and expenses are incurred for the benefit of all such Members and are not otherwise paid by the Company or the Transferee. Costs and expenses incurred by any such Member on its own behalf will not be considered costs of such
transaction and will be borne solely by such Member. 
 (g) Subject to the provisions of this Section 13.07, the Initiating
Holder shall have complete discretion over the terms and conditions of any such transaction, including price, payment terms, conditions to closing, representations, warranties, affirmative covenants, negative covenants, indemnification, holdbacks
and escrows. The Initiating Holder shall not have any liability hereunder if any such transaction is not consummated for any reason. 
 (h)
Enbridge shall have the right in connection with a prospective transaction subject to this Section 13.07 to require the Company to cooperate fully with potential acquirers in such prospective transaction by taking all customary and other
actions reasonably requested by Enbridge or such potential acquirers, including making the Company’s properties, books and records, and other assets reasonably available for inspection by such potential acquirers, establishing a physical or
electronic data room including materials customarily made available to potential acquirers in connection with such processes and making its employees reasonably available for presentations, interviews and other diligence activities, in each case
subject to reasonable and customary confidentiality provisions. Notwithstanding anything to the contrary in this Agreement, no Management Committee Approval or Super-Majority Management Committee Approval shall be required in connection with any
action taken by the Company pursuant to this Section 13.07(h). 
 (i) If the Tag-Along Seller elects to participate in such a
transaction and such Tag-Along Seller breaches in any material respect any of its obligations under this Section 13.07 or under any of the applicable transaction documents, then such Tag-Along Seller will not, without the consent of the
Initiating Holder (which may be withheld in its sole discretion), be permitted to participate in such transaction, and the Initiating Holder can proceed to close such transaction excluding the sale of such Tag-Along Seller’s Class A Units
therefrom. 
 Section 13.08 Right of First Refusal. The provisions of this Section 13.08 shall apply to any proposed
Transfer of Class A Units by a holder thereof from and after the Sandpiper Project In-Service Date. Except in connection with a Transfer of Class A Units by a Class A Member to a Wholly-Owned Affiliate of such Class A Member, any
Transfer of Class A Units by a Class A Member shall be subject to the following procedure. Once the final terms and conditions of a Transfer have been fully negotiated and are binding on the parties thereto (subject only to the rights of
the non-transferring Class A Members pursuant to this Section 13.08 and other customary conditions precedent to the consummation of such Transfer), the Transferor shall promptly disclose all such final terms and conditions as are
relevant to the sale of its Class A Units in a notice to the other Class A Member, which notice shall be accompanied by a copy of 

  
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all instruments or relevant portions of instruments establishing such terms and conditions. Such other Class A Member shall have the right to, collectively, acquire all but not less than all
of the Class A Units subject to the proposed Transfer from the Transferor on the terms and conditions disclosed by the Transferor pursuant to this Section 13.08, if, within 30 days of delivery by the Transferor of such notice, one
or more of the other Class A Members delivers to the Transferor a counter-notification that it accepts such terms and conditions without reservations or conditions. If the non-Transferring Class A Member does not deliver such
counter-notification within such time, such Transfer to the proposed Transferee may proceed without further notice, subject to the other provisions of this Agreement, under terms and conditions no more favorable to the Transferee than those set
forth in the notice to the non-Transferring Class A Members; provided that such Transfer shall be concluded within 120 days from the date of the notice. If such Transfer is not concluded within such period and the parties thereto desire
thereafter to proceed with such proposed Transfer, the Transferor shall be required to re-offer the subject Units to the other Class A Member in accordance with the terms and conditions of this Section 13.08. No Class A Member
shall have a right under this Section 13.08 to acquire any asset other than Units, and no Class A Member shall be required to acquire any asset other than Units regardless of whether other properties are included in the subject
Transfer. 
 Section 13.09 Transfer and Exchange. When Units are presented to the Company with a request to register the
Transfer of such Units or to exchange such Units for Units of other authorized denominations, the Company shall register the Transfer or make the exchange as requested if the requirements of this Agreement for such transaction are met;
provided, however, that the Units surrendered for Transfer or exchange shall be duly endorsed or accompanied by a written instrument of Transfer in form satisfactory to the Company, duly executed by the holder thereof or
its attorney in fact and duly authorized in writing. No service charge shall be made for any registration of Transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge
payable in connection therewith. 
 Section 13.10 No Publicly Traded Company. No Member shall Transfer all or any part of its
Units in such a manner that, after the Transfer, the Company would become taxable as a corporation for U.S. federal income tax purposes. 

Section 13.11 Amendments to this Agreement. Subject to Section 8.01(c)(xv), Section 8.01(d), and
Section 17.05 the Members shall, if necessary, amend, restate, modify or waive, as applicable, any provision of this Agreement that they may determine in good faith to be necessary or desirable in order to facilitate an admission of a
Member in accordance with the terms of this Agreement, to reflect terms and conditions with respect to the ongoing regulation and management of the Company, and to provide for the relative rights and obligations of any additional Member and the
continuing Members with respect to the Company. 
 Section 13.12 No Encumbrances by Members. Except with respect to Encumbrances
in connection with indebtedness for borrowed money, no Member shall be permitted to Encumber its Units. 

  
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 ARTICLE XIV 

GROWTH CAPITAL PROJECTS; EMERGENCY EXPENDITURES; LONG TERM RESPONSE EXPENDITURES; AND NON-GROWTH INTEGRITY PROJECTS 

Section 14.01 Growth Capital Projects. 

(a) At any time prior to the Sandpiper Project In-Service Date, Enbridge may cause the Company to undertake a Growth Capital Project in
accordance with this Section 14.01, and at any time from and after the Sandpiper Project In-Service Date, either Member may cause the Company to undertake a Growth Capital Project in accordance with this Section 14.01;
provided, however, that notwithstanding the foregoing, in no event will the Company be required to undertake any Growth Capital Project that would (a) give rise to any right of any Third Party shipper pursuant to a “most
favored nations” or similar preferential rights provision or (b) alter the rates and other terms of service on file with FERC in respect of the Company. The Member that causes the Company to so undertake a Growth Capital Project is
referred to herein as the “Proposing Member.” Any such Proposing Member may propose a Growth Capital Project (and, to the extent the Company has commenced any Growth Capital Project prior to the Effective Date, Enbridge shall
propose such Growth Capital Project) by delivering a written request (each, a “Growth Capital Project Request”) to the Company and the non-Proposing Member (the “Non-Proposing Member”). Subject to
Section 14.01(c), if applicable, the Non-Proposing Member shall have the right, but not the obligation, to participate in the Growth Capital Project pursuant to this Section 14.01. Any Growth Capital Project Request shall
contain a reasonably detailed explanation of all material aspects of the proposed Growth Capital Project, including (i) a good faith estimate of the costs and expenses of developing, operating and maintaining such proposed Growth Capital
Project (including any incremental increase to the Management Fee payable to the Operator), (ii) the projected incremental revenues to be derived from the Growth Capital Project, (iii) the projected unlevered, pre-tax internal rate of
return to the Company (calculated using the “XIRR” function of Microsoft Excel) based on the incremental revenues and all operating and capital costs and expenses (including any incremental increase in the Management Fee payable to the
Operator) that are attributable to the proposed Growth Capital Project, (iv) the estimated date on which the initial capital costs and expenses for the proposed Growth Capital Project would be incurred (which date shall be not more than 12
months from the date on which the Growth Capital Project Request is delivered to the Company and such Non-Proposing Member) (the “Commencement Date”), (v) the estimated date on which the proposed Growth Capital Project would
commence commercial service (the “Projected In-Service Date”), (vi) the estimated date on which 300% Payout would, if applicable, be expected to be achieved (the “Payout Date”), (vii) the estimated
schedule of all capital costs and expenses and the timing and amounts of any related Call Notices, (viii) a description of all material provisions of any proposed Contracts (including any transportation, throughput or similar commercial
Contracts) in respect of the proposed Growth Capital Project and to which the Company and any other Person may be a party, (ix) the projected overall effects (positive and negative) of the proposed Growth Capital Project on the Company, the
Business and the Assets, and (x) design and construction details with respect to the proposed Growth Capital Project, to the extent not otherwise described in such Growth Capital Project Request. Such Non-Proposing Member shall have 60 days
from receipt of the Growth Capital Project Request to elect to participate in such proposed Growth Capital Project as set forth in this Section 14.01 (such 60-day period, the “Initial Election Period”). Failure of such
Non-

  
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Proposing Member to give timely notice of its election within the Initial Election Period shall be deemed an election by such Non-Proposing Member not to participate in such proposed Growth
Capital Project. Notwithstanding anything to the contrary in this Agreement, no Proposing Member may cause the Company to undertake a proposed Growth Capital Project in which the Non-Proposing Member elects not to participate unless such proposed
Growth Capital Project would not reasonably be expected to have an adverse financial or operational effect that is material to the Company, the Business or the Assets. 

(b) Unless otherwise determined by the Management Committee with Super Majority Management Committee Approval and, if prior to the Sandpiper
Project In-Service Date, the consent of a Williston Manager, the Operating and Construction Management Agreement shall, subject to the terms of this Agreement, govern the Design, Construction and Procurement and operation of any Growth Capital
Project. 
 (c) All Members shall be deemed to have agreed and elected to participate in any Growth Capital Project that has a total capital
cost of less than $10,000,000; provided, however, that no Non-Proposing Member shall be deemed to have agreed and elected to participate in any further Growth Capital Project if the aggregate total capital costs of Growth Capital
Projects for which such Non-Proposing Member has been previously deemed to participate pursuant to the foregoing is in excess of $100,000,000. If the Non-Proposing Member elects to participate or is deemed to have elected to participate in any
Growth Capital Project: (A) the Design, Procurement and Construction of such Growth Capital Project shall be managed by the Operator in accordance with the Operating and Construction Management Agreement, (B) such Growth Capital Project
shall be operated and maintained by the Operator in accordance with the Operating and Construction Management Agreement, and (C) if applicable, such Growth Capital Project and the capital costs and expenses thereof set forth in the applicable
Growth Capital Project Request shall be deemed approved under the Operating and Construction Management Agreement and automatically included in the Budget. The Proposing Member shall prepare a multi-year budget for such proposed Growth Capital
Project, which budget shall be in substantial accordance with such Growth Capital Project Request and include all items of capital cost, expense and revenue in reasonable detail, as well as the permitted variance to be applicable to such capital
costs and expenses and a schedule of contributions projected to be required in order to fund the capital costs of such Growth Capital Project and any proposed changes to the Commencement Date or the Projected In-Service Date (such budget, the
“Participatory Growth Capital Project Budget”) and, within 60 days after the expiration of the Initial Election Period, deliver a copy of such Participatory Growth Capital Project Budget to the Company and the other Member. If the
aggregate amount of contributions projected to be required in order to fund the capital costs of such Growth Capital Project pursuant to such Participatory Growth Capital Project Budget exceed the aggregate amount set forth in such Growth Capital
Project Request, then such other Member shall have the right to approve or reject such Participatory Growth Capital Project Budget within 15 days from receipt of such Participatory Growth Capital Project Budget, such approval not to be unreasonably
withheld, conditioned or delayed. Failure of such other Member to timely approve such Participatory Growth Capital Project Budget shall be deemed an election not to participate in such proposed Growth Capital Project. If Williston elects or is
deemed to elect to participate in any Growth Capital Project proposed by Enbridge prior to the Sandpiper Project In-Service Date (a “Reimbursed Growth Capital Project”), then (x) on the Sandpiper Project In-Service Date,

  
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Williston shall contribute to the Company an amount equal to 50% of the Growth Capital Project Expenditures in respect of such Reimbursed Growth Capital Project prior to the Sandpiper Project
In-Service Date (a “Growth Capital Project Reimbursement Contribution”) and (y) from and after the Sandpiper Project In-Service Date, to the extent such Reimbursed Growth Capital Project is still under development or
construction as of the Sandpiper Project In-Service Date, Enbridge and Williston shall make capital contributions in respect of such Reimbursed Growth Capital Project as required by Section 5.02(c). If the Non-Proposing Member elects or
is deemed to elect to participate in any Growth Capital Project proposed by the Proposing Member from and after the Sandpiper Project In-Service Date, the Proposing Member and the Non-Proposing Member shall make capital contributions in respect of
such Growth Capital Project as required by Section 5.02(c). 
 (d) If the Non-Proposing Member elects or is deemed to elect not
to participate in the proposed Growth Capital Project (each such Growth Capital Project, a “Non-Participatory Growth Capital Project”), then, upon the termination of the Initial Election Period (or, if applicable, upon the date that
such Non-Proposing Member is deemed to have elected not to participate in such Non-Participatory Growth Capital Project as a result of its failure to approve a Participatory Growth Capital Project Budget pursuant to Section 14.01(c)),
the Proposing Member shall proceed as follows: 
 (i) Unless the Non-Proposing Member is deemed to have elected not to
participate in such Non-Participatory Growth Capital Project as a result of its failure to approve a Participatory Growth Capital Project Budget pursuant to Section 14.01(c), the Proposing Member shall prepare a multi-year budget for the
proposed Non-Participatory Growth Capital Project, which budget shall be in substantial accordance with the applicable Growth Capital Project Request and include all items of capital cost, operating and maintenance and other expense and revenue in
reasonable detail, as well as the permitted variance to be applicable to such capital costs and expenses and a schedule of contributions projected to be required in order to fund the capital costs of such Non-Participatory Growth Capital Project and
any proposed changes to the Commencement Date, the Projected In-Service Date or the Payout Date (such budget, the “Non-Participatory Growth Capital Project Budget”) and, within 60 days after the expiration of the Initial Election
Period (or, if applicable, within 60 days after the date that the Non-Proposing Member is deemed to have elected not to participate in such Non-Participatory Growth Capital Project as a result of its failure to approve a Participatory Growth Capital
Project Budget pursuant to Section 14.01(c)), deliver a copy of such Non-Participatory Growth Capital Project Budget to the Company and the Non-Participating Member. 

(ii) With respect to each Non-Participatory Growth Capital Project, the Non-Participating Member shall receive distributions of
Special Available Cash attributable to such Non-Participatory Growth Capital Project in accordance with Section 7.01(b). 

(iii) The Proposing Member with respect to any Non-Participatory Growth Capital Project shall manage the Operator’s
Design, Procurement and Construction of such Non-Participatory Growth Capital Project in strict accordance with, 

  
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and all aspects of such Non-Participatory Growth Capital Project shall be subject to, the Non-Participatory Growth Capital Project Budget (which, for the avoidance of doubt, shall be included in
the Budget and subject to the variance thereto permitted by the Operating and Construction Management Agreement) and the following provisions: 

(A) the Non-Participatory Growth Capital Project shall be conducted by the Operator pursuant to the Operating and Construction
Management Agreement at the Proposing Member’s sole direction, cost and expense and the Proposing Member shall fund the applicable Non-Participatory Growth Capital Project Budget to the Company in accordance with Section 5.02(f).
Prior to the Sandpiper Project In-Service Date, no capital contributions made by the Class B Members pursuant to Section 5.02(b) shall be used towards the Non-Participatory Growth Capital Project. From and after the Sandpiper Project
In-Service Date, other than Non-Participatory Growth Capital Project Contributions, no funds of the Company shall be used towards the Non-Participatory Growth Capital Project, and neither the Company nor the Non-Participating Member shall bear any
costs or expenses (whether operating or capital in nature) with respect to any Non-Participatory Growth Capital Project prior to 300% Payout. Notwithstanding the foregoing two sentences, if requested by the Operator, an Officer designated by the
Proposing Member shall participate in such Non-Participatory Growth Capital Project in an administrative capacity to the extent necessary to facilitate Call Notices in accordance with the Non-Participatory Growth Capital Project Budget, collection,
segregation and disbursement of Non-Participatory Growth Capital Project Contributions, payments of expenses, execution of Contracts necessary to the development and operation of the Non-Participatory Growth Capital Project, communications with
Governmental Authorities and other Third Parties and other similar administrative functions reasonably related to the Growth Capital Project; 

(B) all assets purchased with Non-Participatory Growth Capital Project Contributions or otherwise integral to the
Non-Participatory Growth Capital Project shall be the sole property of the Company for all purposes and, except as otherwise expressly provided in this Agreement or the Operating and Construction Management Agreement with respect to control by or
responsibility of the Proposing Member, all such assets and all aspects of the Non-Participatory Growth Capital Project shall be subject to the authority and control of the Operator; 

(C) at all times prior to 300% Payout, all Liabilities arising from or attributable to such Non-Participatory Growth Capital
Project shall be borne solely by the Proposing Member, including Defaults by the Proposing Member, abandonment of the Non-Participatory Growth Capital Project by the Proposing Member and Third Party Claims or Claims of the Company or the
Non-Participating Member. At all times prior to 300% Payout, the Proposing Member shall not be entitled to indemnification under Article X with respect to any Liability arising from or attributable to such Non-Participatory Growth
Capital Project, including any Third Party Claims or Claims asserted by the Company or the Non-Participating Member, and the Proposing Member shall indemnify the Company and the Non-Participating Member with respect to any such Liabilities to the
fullest extent permitted by applicable Law; 

  
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 (D) at all times prior to 300% Payout, (1) costs or expenses (whether
operating or capital in nature) with respect to such Non-Participatory Growth Capital Project shall be borne solely by the Proposing Member, (2) the Company shall require the Operator to establish and maintain, to the satisfaction of the
Non-Participating Member, the accounts and accounting methodology necessary to reasonably and adequately account for the revenues, costs or expenses (whether operating or capital in nature), distributions and any other items necessary to determine
when 300% Payout has been achieved, (3) the Company shall cause the Operator to furnish quarterly statements of such accounts to the Members, and (4) the Proposing Member shall be exclusively entitled to receive all Net Earnings resulting
from the Non-Participatory Growth Capital Project through distributions of Special Available Cash in accordance with Section 7.01(b); and 

(E) from and after 300% Payout, (1) all Net Earnings attributable to such Non-Participatory Growth Capital Project shall
become part of the aggregate Net Earnings of the Company and all Class A Members shall share in such Net Earnings through distributions of Special Available Cash in accordance with Section 7.01(b)(ii), (2) costs or expenses
(whether operating or capital in nature) attributable to such Non-Participatory Growth Capital Project shall become part of the aggregate costs or expenses (whether operating or capital in nature) of the Company, and (3) at such time as
balances of the Members’ Special Capital Accounts related to such Non-Participatory Growth Capital Project are in the same proportion as their Class A Percentage Interests, each Member’s Special Capital Account related to such
Non-Participatory Growth Capital Project shall be terminated, with its balance transferred to such Member’s Capital Account. 

Section 14.02 Emergency Expenditures and Long Term Response Expenditures. Notwithstanding anything to the contrary in this
Agreement, if the Company delivers any Call Notice for Emergency Expenditures or Long Term Response Expenditures in accordance with Section 5.02(c), Williston shall be entitled to elect not to make any capital contributions with respect
to such Call Notice to the extent that such Call Notice was approved without Super-Majority Management Committee Approval pursuant to Section 8.01(c)(iii)(C). Williston may elect not to make such capital contributions by delivering
written notice thereof to the Company and Enbridge within 10 days of receipt of such Call Notice, and if Williston so elects, (i) it shall not be deemed to be in Default in connection with any failure to make such capital contributions,
(ii) such capital contributions shall be made 100% by Enbridge and (iii) the Company shall issue to Enbridge additional Class A Units at a price of $1.00 per Unit in the amount of Enbridge’s capital contributions with respect to
such Emergency Expenditures or Long Term Response Expenditures (as applicable) in accordance with Section 5.02(c). If Williston does not deliver such notice within such 10 day period, Williston shall be deemed to have agreed to make the
capital contributions required for such Emergency Expenditures or Long Term Response Expenditures (as applicable) pursuant to such Call Notice. 

  
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 Section 14.03 Non-Growth Integrity Projects. 

(a) The Members hereby agree that expenditures for Non-Growth Integrity Projects for the three-year period ended December 31, 2016 and for
each subsequent three-year period thereafter shall not exceed $150,000,000; provided that each such budget for any three-year period beginning on or after January 1, 2017 shall be increased by 10% relative to such budget for the prior
three-year period (each budget for any such three-year period, a “Non-Growth Integrity Project Budget”). For the avoidance of doubt, the Company shall be entitled to amend, by Super-Majority Management Committee Approval pursuant to
Section 8.01(c)(ii)(B)), any Non-Growth Integrity Project Budget to provide for expenditures in excess of the limitations set forth in the immediately preceding sentence; provided, however, that if any Non-Growth Integrity Project
Budget is so amended, the 10% increase of each subsequent Non-Growth Integrity Project Budget that is required pursuant to the immediately preceding sentence shall be applied without giving effect to such amendment. 

(b) Notwithstanding anything to the contrary in this Agreement, if the Company delivers any Call Notice for expenditures related to any
Non-Growth Integrity Project consistent with the Non-Growth Integrity Project Budget and in accordance with Section 5.02(c), Williston shall be entitled to elect not to make any capital contributions with respect to such Call Notice to
the extent that such Call Notice was approved without Super-Majority Management Committee Approval pursuant to Section 8.01(c)(iii)(D). Williston may elect not to make such capital contributions by delivering written notice thereof to
the Company and Enbridge within 10 days of receipt of such Call Notice, and if Williston so elects, (i) it shall not be deemed to be in Default in connection with any failure to make such capital contributions, (ii) such capital
contributions shall be made 100% by Enbridge and (iii) the Company shall issue to Enbridge additional Class A Units at a price of $1.00 per Unit in the amount of Enbridge’s capital contributions with respect to such Non-Growth
Integrity Project in accordance with Section 5.02(c). If Williston does not deliver such notice within such 10 day period, Williston shall be deemed to have agreed to make the capital contributions required for such Non-Growth Integrity
Project pursuant to such Call Notice. 
 ARTICLE XV 

SANDPIPER PROJECT IN-SERVICE DATE TRANSACTIONS 

Section 15.01 Sandpiper Project In-Service Date Transactions. On the Sandpiper Project In-Service Date, the Company and the
Members (as applicable) shall take such actions as are necessary to effect the following transactions: 
 (a) All of the outstanding Class B
Units held by Enbridge and Williston will be converted into Class A Units, as contemplated by Section 3.01(h). 
 (b)
Williston shall make a cash contribution to the Company in an amount equal to the Growth Capital Project Reimbursement Amount, as contemplated by Section 5.02(d) (and, for the avoidance of doubt, Williston shall not be issued any Units
in respect of such contribution). 

  
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 (c) The Company shall distribute to Enbridge an amount equal to the Growth Capital Project
Reimbursement Amount, as contemplated by Section 7.01(e). 
 (d) Unless otherwise determined with Super-Majority Management
Committee Approval, the Company shall use commercially reasonable efforts to maintain a revolving credit facility of a size and upon terms as are commercially advisable in the discretion of the Management Committee (with Super-Majority Management
Committee Approval) (the “Revolver”), which shall become effective on the Sandpiper Project In-Service Date; provided, however, that each of the Members shall be entitled, in lieu of seeking funds from any third-party lender,
to fund its proportionate share (based on such Member’s Class A Percentage Interest on the Sandpiper Project In-Service Date) of the Revolver on terms that are commercially reasonable and consistent with market terms at the time the
Revolver is to become effective. The Company shall be responsible for all costs, expenses, and fees associated with the establishment and maintenance of the Revolver. Each Member shall use commercially reasonable efforts to cooperate, and shall use
commercially reasonable efforts to cause its respective officers, employees and advisors, including legal and accounting personnel, to cooperate, with the Company and the other Member and their respective representatives in connection with the
arrangement of the Revolver. Notwithstanding the foregoing, in no event shall either Member be required to (i) collateralize or secure the Revolver with any assets or businesses owned by such Member (other than the Assets and businesses of the
Company and such Member’s Equity Interests in the Company) or (ii) provide a guaranty with respect to any obligations or liabilities under the Revolver. 

Section 15.02 Allocation of Revenues and Expenses. Each of Enbridge and Williston acknowledges and agrees that all revenues, trade
payables and other similar expenses of the Company and its Subsidiaries prior to the Sandpiper Project In-Service Date (other than with respect to the Sandpiper Project or the Sandpiper Facilities) shall belong to and shall be borne by Enbridge. In
furtherance of the foregoing, Enbridge and Williston acknowledge and agree that notwithstanding anything to the contrary herein: 
 (a) all
Available Cash that is attributable to revenues of the Company and its Subsidiaries prior to the Sandpiper Project In-Service Date (other than any revenues attributable to the Sandpiper Project or the Sandpiper Facilities), to the extent
distributable pursuant to the terms hereof, shall be distributed 100% to Enbridge; and 
 (b) any and all expenses that are paid by the
Company or any of its Subsidiaries prior to the Sandpiper Project In-Service Date (other than any expenses attributable to the Sandpiper Project or the Sandpiper Facilities), to the extent that such expenses relate to services or other items to be
acquired after Sandpiper Project In-Service Date, will be resubmitted to the Company and the Company shall make a distribution to Enbridge equal to such expenses relating to the post-Sandpiper Project In-Service Date period multiplied by
Williston’s Class A Percentage Interest as of the date such expenses accrue or become payable; and 

  
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 (c) Enbridge shall be solely responsible for all Liabilities attributable to trade payables or
other similar expenses of the Company incurred prior to the Sandpiper Project In-Service Date (other than any trade payables or other similar expenses attributable to the Sandpiper Project, the Sandpiper Facilities or any Participatory Growth
Capital Project), and, to the extent that the Company issues any Call Notice for any such Liabilities, Enbridge shall be responsible for 100% of the capital contributions under such Call Notice and no Units will be issued to Enbridge in exchange for
such capital contributions. 
 ARTICLE XVI 

DISSOLUTION AND LIQUIDATION 

Section 16.01 Dissolution. The Company shall be dissolved and its affairs wound up only upon the occurrence of one or more of the
following events: 
 (a) a dissolution of the Company is approved pursuant to Section 8.01(c)(xix); 

(b) the sale or other final disposition by the Company of all or substantially all of the Assets and the collection of all amounts derived from
such sale or disposition (including all amounts payable to the Company under any promissory notes or other evidences of indebtedness); or 

(c) the entry of a decree of judicial dissolution under the Act. 

For the avoidance of doubt, the bankruptcy or dissolution of any Member or Affiliate of any Member or the occurrence of any other event that terminates the
continued membership of any Member shall not cause the Company to be dissolved or its affairs to be wound up, and upon the occurrence of any such event, the Company shall be continued without dissolution. 

Section 16.02 Notice of Dissolution. Upon the dissolution of the Company, the Management Committee shall promptly notify the
Members of such dissolution. 
 Section 16.03 Liquidation Upon Dissolution. 

(a) Upon dissolution of the Company, the Management Committee (in such capacity, the “Liquidating Trustee”) shall carry out
the winding up of the Company and shall immediately commence to wind up such affairs; provided, however, that a reasonable time shall be allowed for the orderly liquidation of the Assets and the satisfaction of liabilities to creditors
so as to enable the Members to minimize the normal losses attendant upon a liquidation. The proceeds of liquidation shall be applied first to payment of all expenses and debts of the Company and setting up of such reserves as the Management
Committee reasonably deems necessary to wind up the Company’s affairs and to provide for any contingent liabilities or obligations of the Company. 

(b) The Company shall be liquidated in accordance with this Section 16.03(b) upon dissolution of the Company after the Sandpiper
Project In-Service Date: 

  
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 (i) Any remaining proceeds following the application of
Section 16.03(a) shall be distributed to the Members in accordance with their respective Capital Account balances (and, in the case of current or former Non-Participatory Growth Capital Projects for which Special Capital Accounts are
then being maintained, the Members’ respective Special Capital Account balances) after giving effect to the allocations required by Section 6.02 and Section 6.03 and the allocations of Net Profits and Net Losses pursuant
to Section 16.03(b)(ii) and the allocations of Special Net Profits and Special Net Losses pursuant to Section 16.03(b)(iii). 

(ii) The Net Profits and Net Losses and other items of income, gain, loss and deduction attributable to the Company shall be
allocated between the Class A Members so that, to the maximum extent possible, each Member’s Capital Account balance equals the amount of cash that would be distributed to such Member if liquidating distributions were made in accordance
with Section 7.01(a). 
 (iii) The Special Net Profits and Special Net Losses and other items of income, gain,
loss and deduction arising incident to or from liquidation of any Non-Participatory Growth Capital Project for which Special Capital Accounts are then being maintained shall be allocated between the Members so that, to the maximum extent possible,
each Member’s Special Capital Account balance for each Non-Participatory Growth Capital Project equals the amount of cash that would be distributed to such Member if liquidating distributions with respect to the related Non-Participatory Growth
Capital Project were made in accordance with Section 7.01(b). 
 (iv) The Members intend that
Section 6.01(b) and this Section 16.01(b) be interpreted, to the fullest extent permitted by applicable Law, so as to ensure that (i) no proceeds arising from the disposition of any Non-Participatory Growth Capital
Project are used to satisfy the liabilities of any asset other than the Non-Participatory Growth Capital Project, and (ii) no proceeds arising from the disposition of any asset that is not a Non-Participatory Growth Capital Project are used to
satisfy the liabilities of any Non-Participatory Growth Capital Project. 
 (c) The Company shall be liquidated in accordance with this
Section 16.03(c) upon dissolution of the Company prior to the Sandpiper Project In-Service Date: 
 (i) Any
remaining proceeds following the application of Section 16.03(a) shall be distributed to the Members in accordance with their respective Capital Account balances (and, in the case of current or former Non-Participatory Growth Capital
Projects for which Special Capital Accounts are then being maintained, the Members’ respective Special Capital Account balances) after giving effect to the allocations required by Section 6.02 and Section 6.03 and the
allocations of Net Profits and Net Losses pursuant to Section 16.03(c)(ii) and Section 16.03(c)(iii) and the allocations of Special Net Profits and Special Net Losses pursuant to Section 16.03(c)(iv). 

(ii) The Net Profits and Net Losses and other items of income, gain, loss and deduction attributable to the Assets or
Facilities of the Company other than the Sandpiper Facilities arising incident to or from liquidation of the Company shall be allocated between the Class A Members so that, to the maximum extent possible, each Member’s Class A Sub
Capital Account balance equals the amount of cash that would be distributed to such Member if liquidating distributions with respect to Assets or Facilities of the Company other than the Sandpiper Facilities were made in accordance with
Section 7.01(a). 

  
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 (iii) The Net Profits and Net Losses and other items of income, gain, loss and
deduction attributable to the Sandpiper Facilities arising incident to or from liquidation of the Company shall be allocated between the Class B Members so that, to the maximum extent possible, each Member’s Class B Sub Capital Account balance
equals the amount of cash that would be distributed to such Member if liquidating distributions with respect to the Sandpiper Facilities were made in accordance with the Members’ relative Class B Percentage Interests. 

(iv) The Special Net Profits and Special Net Losses and other items of income, gain, loss and deduction arising incident to or
from liquidation of any Non-Participatory Growth Capital Project for which Special Capital Accounts are then being maintained shall be allocated between the Members so that, to the maximum extent possible, each Member’s Special Capital Account
balance for each Non-Participatory Growth Capital Project equals the amount of cash that would be distributed to such Member if liquidating distributions with respect to the related Non-Participatory Growth Capital Project were made in accordance
with Section 7.01(b). 
 (v) The Members intend that Section 6.01(a) and this
Section 16.01(c) be interpreted, to the fullest extent permitted by applicable Law, so as to ensure that (i) no proceeds arising from the disposition of any Non-Participatory Growth Capital Project are used to satisfy the
liabilities of any asset other than the Non-Participatory Growth Capital Project, and (ii) no proceeds arising from the disposition of any asset that is not a Non-Participatory Growth Capital Project are used to satisfy the liabilities of any
Non-Participatory Growth Capital Project. 
 Section 16.04 Termination. The Company shall terminate when all of the Assets,
after payment of or due provision for all debts, liabilities and obligations of the Company, shall have been distributed to the Members in the manner provided for in this Article XVI and the Certificate shall have been canceled, or such
other documents required under the Act to be executed and filed with the Secretary of State of the State of Delaware have been so executed and filed, in the manner required by the Act. 

Section 16.05 No Obligation to Restore Capital Accounts. In the event any Member has a deficit balance in any of its Capital
Accounts at the time of the Company’s dissolution and following the application of Section 16.03(b)(ii), Section 16.03(b)(iii), Section 16.03(c)(ii), Section 16.03(c)(iii) and
Section 16.03(c)(iv), it shall not be required to restore such account to a positive balance or otherwise make any payments to the Company or its creditors or other Third Parties in respect of such deficiency. 

  
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 Section 16.06 Liquidation of Sandpiper Facilities. 

(a) If the Management Committee determines to terminate the Sandpiper Project prior to the Sandpiper Project In-Service Date, subject to
Section 16.06(b), the Management Committee (in such capacity, the “Project Sandpiper Liquidating Trustee”) shall effect the orderly liquidation of the Sandpiper Facilities and the satisfaction of liabilities to creditors
related to the Sandpiper Project so as to enable the Class B Members to minimize the normal losses attendant upon a liquidation. The proceeds of liquidation shall be applied first to payment of all expenses and debts of the Company related to the
Sandpiper Project and setting up of such reserves as the Management Committee reasonably deems necessary in connection with the termination of the Sandpiper Facilities and to provide for any contingent liabilities or obligations of the Company in
connection therewith. Any remaining proceeds shall be distributed to the Class B Members in accordance with their respective Class B Unit Sub Capital Account balances after giving effect to the allocations required by Section 6.02 and
Section 6.03 and after allocating Net Profits and Net Losses and other items of income, gain, loss and deduction attributable to the Sandpiper Facilities arising incident to or from liquidation of the Sandpiper Facilities between the Class B
Members so that, to the maximum extent possible, each Member’s Class B Sub Capital Account balance equals the amount of cash that would be distributed to such Member if liquidating distributions with respect to the Sandpiper Facilities were
made in accordance with the Members’ relative Class B Percentage Interests. Following the distribution of any such proceeds to the Class B Members, the Class B Units shall be canceled for no additional consideration, and the holders thereof
shall cease to be Class B Members or to have any rights or obligations under this Agreement (other than the right to receive their respective portion of any reserves that the Management Committee determines to distribute). 

(b) Notwithstanding anything to the contrary in this Section 16.06, if the Management Committee determines to terminate the
Sandpiper Project prior to the Sandpiper Project In-Service Date, Enbridge shall be entitled to cause the Management Committee not to effect an orderly liquidation of the Sandpiper Facilities and to instead cause the Company to purchase any and all
Class B Units then held by Williston or any of its Affiliates for an aggregate amount equal to the amount Williston and such Affiliates would have received pursuant to a liquidation effected pursuant to Section 16.06(a). Following
any such purchase, the Class B Units shall be canceled for no additional consideration, and the holders thereof shall cease to be Class B Members or to have any rights or obligations of Class B Members under this Agreement. 

(c) The Members acknowledge that Marathon Shipper has certain obligations under the Marathon TSA to reimburse the Company for a portion of the
capital expenditures incurred by the Company or by Enbridge or any of its Affiliates on behalf of the Company in connection with the Sandpiper Project in the event the Sandpiper Project is terminated prior to the Sandpiper Project In-Service Date
(any such reimbursement amount, the “Marathon Shipper Reimbursement Payment”). Prior to the application of the procedures contemplated by Section 16.06(a) and Section 16.06(b), the Company shall
(A) allocate gross income to Enbridge and Williston in an amount equal to the amount such party is to be distributed pursuant to clause (B) of this Section 16.06(c) and (B) make a cash disbursement (i) to Williston
such portion of the Marathon Shipper Reimbursement Payment as is equal to the aggregate amount of capital contributions made by Williston to the Company hereunder in connection with the Sandpiper Project (or, if the amount of such capital
contributions exceeds the Marathon Shipper Reimbursement Payment, the entire Marathon Shipper Reimbursement Payment) and (ii) to Enbridge the amount (if any) by which the Marathon Shipper Reimbursement Payment exceeds the aggregate amount of
capital contributions made by Williston to the Company hereunder in 

  
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connection with the Sandpiper Project. Notwithstanding anything to the contrary in this Section 16.06, any portion of the Marathon Shipper Reimbursement Payment distributed to
Enbridge pursuant to this Section 16.06(c) shall be treated, to the maximum extent possible, as a reimbursement of capital expenditures incurred by the Company, EP Bakken GP or EP Bakken LP, or by Enbridge (or any of its Affiliates) on
behalf of the Company, EP Bakken GP or EP Bakken LP, in respect of the assets of the Company, EP Bakken GP or EP Bakken LP in the two years prior to the Effective Date, in each case, in accordance with Treasury Regulation Section 1.707-4(d).

 Section 16.07 Distributions in Kind. If any Assets are to be distributed in kind, such Assets shall be distributed to the
Members as tenants-in-common in the same proportions as such Members would have been entitled to cash distributions if such Assets had been sold for cash by the Company at the Fair Market Value of such Assets. Notwithstanding the foregoing, the
Members shall have the right to assign their interest to such in-kind distribution to any Person. 
 ARTICLE XVII 

MISCELLANEOUS PROVISIONS 

Section 17.01 Notices. All notices provided for or permitted to be given pursuant to this Agreement must be in writing and shall
be given or served by (a) depositing the same in the United States mail addressed to the party to be notified, postpaid and certified with return receipt requested, (b) depositing the same with a national overnight delivery service company
that tracks deliveries, addressed to the party to be notified, with all charges paid and proof of receipt requested, (c) by delivering such notice in person to such party, or (d) by facsimile or email transmission (with email delivery
confirmation). All notices are to be sent to or made at the addresses set forth in Schedule III attached hereto. All notices given in accordance with this Agreement shall be effective upon delivery at the address of the addressee. Each
Member shall have the right from time to time to change his, her or its address by written notice to the other Member(s). 

Section 17.02 Governing Law. This Agreement and the obligations of the Members hereunder shall be construed and enforced in
accordance with the Laws of the State of Delaware, excluding any conflicts of law rule or principle that might refer such construction to the laws of another state or country. 

Section 17.03 Dispute Resolution. Claims and controversies arising out of or relating to this Agreement shall be determined and
resolved in accordance with the following procedures: 
 (a) Any Claim arising out of or relating to this Agreement, including the meaning of
its provisions, or the proper performance of any of its terms, its breach, termination or invalidity (each, a “Dispute”) shall be resolved in accordance with the procedures specified in this Section 17.03, which until
the completion of the procedures set forth in Section 17.03(c) shall be the sole and exclusive procedure for the resolution of any such Dispute, except that any party, without prejudice to the following procedures, may file a complaint
to seek preliminary injunctive or other provisional judicial relief, if in its sole judgment that action is necessary to avoid irreparable damage or to preserve the status quo. Despite that action the parties shall continue to participate in good
faith in the procedures specified in this Section 17.03. 

  
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 (b) Any party wishing to initiate the dispute resolution procedures set forth in this
Section 17.03 with respect to a Dispute not resolved in the ordinary course of business must give written notice of the Dispute to the other party (a “Dispute Notice”). The Dispute Notice shall include (i) a
statement of that party’s position and a summary of arguments supporting that position, and (ii) the name and title of the executive who will represent that party and of any other Person who will accompany the executive in the negotiations
under Section 17.03(c). 
 (c) If any party has given a Dispute Notice under Section 17.03(b), the parties shall
attempt in good faith to resolve the Dispute within 30 days of the delivery of the Dispute Notice (such period, the “Negotiation Period”) by negotiations between executives who have authority to settle the Dispute and who are at a
Senior Vice President or higher level of management than the Persons with direct responsibility for administration of this Agreement or the matter in Dispute. Within 15 days after delivery of the Dispute Notice, the receiving party shall submit to
the other a written response. The response shall include (i) a statement of that party’s position and a summary of arguments supporting that position and (ii) the name and title of the executive who will represent that party and of
any other Person who will accompany the executive. During the Negotiation Period, such executives of the parties shall meet at least weekly, at a mutually acceptable time and place, and thereafter during the Negotiation Period as more often as they
reasonably deem necessary, to attempt to resolve the Dispute. 
 (d) All applicable statutes of limitation and defenses based upon the
passage of time shall be tolled while the procedures specified in Section 17.03(c) are pending. The parties shall take any action required to effectuate that tolling. Each party is required to continue to perform its obligations under
this Agreement pending completion of the procedures set forth in Section 17.03(c), unless to do so would be impossible or impracticable under the circumstances. 

(e) Any Dispute that cannot be resolved during the Negotiation Period may, at the option of any party hereto, be resolved and decided by the
Federal or State courts located in Harris County, Texas. The parties hereby irrevocably waive, to the fullest extent permitted by applicable Law, any objection which they may now or hereafter have to the laying of venue of any such Dispute brought
in such courts or any defense of inconvenient forum for the maintenance of such Dispute. Each of the parties hereto agrees that a judgment in any such Dispute may be enforced in other jurisdictions by suit on the judgment or in any other manner
provided by Law. This consent to jurisdiction is being given solely for purposes of this Agreement and is not intended to, and shall not, confer consent to jurisdiction with respect to any other dispute in which a party to this Agreement may become
involved. Each of the parties hereto hereby consents to process being served by any party to this Agreement in any suit, action, proceeding or counterclaim of the nature specified in this subsection (e) by the mailing of a copy thereof
in the manner specified by the provisions of Section 17.01. EACH OF THE PARTIES HERETO HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
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 Section 17.04 Waiver of Jury Trial. EACH PARTY TO THIS AGREEMENT HEREBY KNOWINGLY AND
VOLUNTARILY WAIVES TRIAL BY JURY IN ANY LITIGATION IN ANY COURT WITH RESPECT TO, IN CONNECTION WITH, OR ARISING OUT OF THIS AGREEMENT OR ANY ANCILLARY AGREEMENT OR THE VALIDITY, PROTECTION, INTERPRETATION, COLLECTION OR ENFORCEMENT THEREOF. 

Section 17.05 Entire Agreement; Amendments. This Agreement and its Exhibits and the Operating and Construction Management
Agreement and the Transaction Agreement and their attachments collectively constitute the entire agreement among the Members relative to the governance of the Company and supersedes all prior contracts or agreements with respect to the Company,
including the Original Agreement, whether oral or written. Subject to Section 8.01(c)(xv) and Section 8.01(d), no amendment of this Agreement shall be valid or binding upon the Members, nor shall any waiver of any term of
this Agreement be effective, unless such amendment or waiver is in writing and signed by Members holding a total of 85% of the outstanding Class A Units. 

Section 17.06 Confidentiality. 

(a) Each Member agrees that this Agreement and the terms and conditions contained herein and all proprietary, confidential or other non-public
information received from or otherwise relating to, the Company or its Subsidiaries, the other Member, or any Third Party who has entrusted the Company with confidential information with the expectation that such information will be kept
confidential, is confidential and that such Member shall not, and shall cause its Affiliates and any Managers appointed by it or its Affiliates not to (i) disclose or otherwise release such information to any other Person or (ii) use such
information for anything other than as necessary and appropriate in carrying out the Business, in each case, without the prior consent of the Company or, in the case of proprietary, confidential information about any Member, without the prior
consent of such Member; provided, however, that nothing in this Agreement shall restrict any Member (or other Person referred to above) from disclosing information (A) that is already publicly available through no breach by such
Member (or other Person referred to above), (B) that was or becomes known to such Person other than as a result of disclosure by or on behalf of the Company or any of its Subsidiaries or a party subject to contractual, fiduciary or other
disclosure obligations with respect to such information or is independently developed by such Person without reference to such information, (C) to the extent required by applicable Law or rule or regulation of any Governmental Authority or
stock exchange rules, (D) in response to any summons or subpoena or discovery or similar request by or before any court, arbitrator or Governmental Authority or pursuant to a request by a regulatory authority having jurisdiction over the
business of such Person; provided that with respect to any disclosure pursuant to this clause (D), such Member or other Person shall use reasonable best efforts to notify the Company and the other Members in advance of such
disclosure so as to permit the Company and the other Members, as applicable, to seek a protective order or otherwise contest such disclosure, and such Member or other Person shall use reasonable best efforts to cooperate, at the expense of the
Company, with the Company and any Members in pursuing such protective order, or (E) to such Member’s (or its Affiliates’) officers, managers, members, investors, employees, partners, auditors, insurance broker or underwriters, counsel
or other representatives, so long as such Persons are informed of the confidential nature of such information and the terms of this Section 17.06 or are subject to an equivalent confidentiality obligation to such Member. The obligations
of the parties hereunder do not preclude any Member from disclosing information to its beneficial owners or representatives or as it may reasonably deem to be appropriate in connection with financial reporting. 

  
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 (b) Notwithstanding the provisions of Section 17.06(a), the Enbridge Group shall have
the right to require the Company to cooperate fully with potential acquirors in such prospective transactions by taking all customary and other actions reasonably requested, including making the Company’s properties, books and records, and
other assets reasonably available for inspection by such potential acquirors, establishing a physical or electronic data room including materials customarily made available to potential acquirors in connection with such processes and making its
employees reasonably available for presentations, interviews and other diligence activities, in each case subject to reasonable and customary confidentiality provisions. The Company shall provide assistance with respect to these actions as
reasonably requested. 
 (c) Notwithstanding the provisions of Section 17.06(a), the Enbridge Group shall have the right to
provide proprietary, confidential or other non-public information it has received from the Company in its capacity as a Member to any proposed Transferee in accordance with this Agreement if (i) prior written notice is provided to the
Management Committee of such Transfer to such proposed Transferee, and (ii) such proposed Transferee has executed a confidentiality agreement in form and substance reasonably satisfactory to the Management Committee. 

Section 17.07 Termination. 

(a) Notwithstanding anything to the contrary herein, if (i) the Company (acting by Management Committee Approval) determines not to
proceed with the Open Season or (ii) the Company does not execute the Marathon TSA following the end of the Open Season, in each case following a determination by the Company (acting by Management Committee Approval) not to proceed with the
Sandpiper Project, then Williston shall have the right (in its sole discretion), and from and after the one year anniversary of such determination, Enbridge shall also have the right (in its sole discretion), to cause the Company to repurchase all
of the Class B Units then held by Williston and any of its Transferees for an aggregate purchase price equal to the aggregate capital contributions made to the Company by Williston, and following such repurchase Williston and such Transferees shall
cease to be Class B Members and shall thereafter have no further rights or obligations under this Agreement. 
 (b) Notwithstanding anything
to the contrary herein, if Marathon Shipper does not execute the Marathon TSA at the time contemplated by the Precedent Agreement, Enbridge shall have the right (in its sole discretion) to (i) cause a liquidation pursuant to
Section 16.06 or (ii) cause the Company to repurchase all of the Class B Units then held by Williston and any of its Transferees for an aggregate purchase price equal to the aggregate amount Williston and such Transferees would
receive if the Company were to effect a liquidation pursuant to Section 16.06, and following such repurchase Williston and such Transferees shall cease to be Class B Members and shall thereafter have no further rights or obligations
under this Agreement. 

  
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 (c) Notwithstanding anything to the contrary herein, if (i) the Company executes the
Marathon TSA following the completion of the Open Season but allocates to Marathon Shipper less than the volumes contemplated by the Marathon TSA as executed by Marathon Shipper or (ii) the Company amends the terms of the Marathon TSA and
Marathon Shipper does not execute such amended form of Marathon TSA at the time contemplated by the Precedent Agreement for the volumes contemplated by the initial form of the Marathon TSA, Williston shall have the right (in its sole discretion) to
cause the Company to repurchase all of the Class B Units then held by Williston and any of its Transferees for an aggregate purchase price equal to the aggregate capital contributions made to the Company by Williston, and following such repurchase
Williston and such Transferees shall cease to be Class B Members and shall thereafter have no further rights or obligations under this Agreement. 

(d) Notwithstanding anything to the contrary herein, if the Company terminates the Marathon TSA pursuant to Section 4.01(a),
Section 4.01(b) or Section 4.01(c) thereof, (i) Williston shall have the right (in its sole discretion) to cause a liquidation pursuant to Section 16.06 and (ii) from and after the one year anniversary of such
termination of the Marathon TSA, Enbridge shall have the right (in its sole discretion) to cause a liquidation pursuant to Section 16.06. 

(e) Notwithstanding anything to the contrary herein, if Marathon Shipper terminates the Marathon TSA pursuant to Section 4.02(a),
Section 4.02(b) or Section 7.03.3 thereof, (i) each of Enbridge and Williston shall have the right (in its sole discretion) to cause the Company to repurchase all of the Class B Units then held by Williston and any of its Transferees
for an aggregate purchase price equal to the aggregate amount Williston and such Transferees would receive if the Company were to effect a liquidation pursuant to Section 16.06, and following such repurchase Williston and such
Transferees shall cease to be Class B Members and shall thereafter have no further rights or obligations under this Agreement, and (ii) Enbridge shall have the right (in its sole discretion) to cause a liquidation pursuant to
Section 16.06. 
 Section 17.08 Sandpiper Project Spend Profile. Enbridge has provided to Williston a projected
spend profile for the Sandpiper Project (the “Sandpiper Project Spend Profile”), which is attached hereto as Exhibit F. Such spend profile sets forth projections of the estimated quarterly capital expenditures to be made by
the Company in respect of the Sandpiper Project. The Company shall issue Call Notices under Section 5.02(b) for capital contributions in respect of the Sandpiper Project quarterly in advance (except as may be reasonably required in
connection with the development of the Sandpiper Project, in which case the Company shall issue such Call Notices when so required). Subject to Section 8.01(c)(xxvi), Enbridge may amend the Sandpiper Project Spend Profile to the extent
reasonably necessary to permit the Company to satisfy, in a timely fashion, the obligations of the Company with respect to the Sandpiper Project. 

Section 17.09 Management Committee Deadlocks; Negotiations; Buyout Right. 

(a) Management Committee Deadlocks. From and after the Sandpiper Project In-Service Date, if the Management Committee reaches an impasse
on resolving a decision presented to the Management Committee for approval, then any Manager who determines that such dispute is of such significance and magnitude that it requires additional extraordinary measures to resolve, by written notice to
the other Managers given within three Business Days after the initial vote on such matter or proposal (or, if such matter or proposal is proposed to be 

  
 84 

 
approved by written consent in lieu of a meeting of the Management Committee, after it is reasonably evident that such written consent will not receive such required approval), may call a meeting
of the Management Committee to reconsider such matter or proposal, such meeting to be held when, where and as reasonably specified in said notice, but not less than three Business Days nor more than seven Business Days after the date of such notice.
If such meeting is called and held as herein provided and the matter or proposal is offered at such meeting again and (i) does not receive the required approval of the Management Committee for such matter or proposal or (ii) a quorum
is not present at such meeting, then any Manager may within three Business Days thereafter submit the matter to executive negotiations in accordance with Section 17.04(b). 

(b) Executive Negotiations. If, at the meeting contemplated in Section 17.09(b), the Managers in good faith are unable to
agree on a course of action to address the reason for the meeting, any Manager may declare an impasse (“Impasse”) by giving written notice to the other Managers (an “Impasse Notice”). Within five Business Days after
receipt of such Impasse Notice, an executive of each Member (or a parent Affiliate of such Member) who has the authority to settle the Impasse and who is at a Senior Vice President or higher level of management of such Member (or such parent
Affiliate) shall enter into good faith discussions to reach an agreement that will end the Impasse. If a decision is not made by common accord that ends the Impasse within 30 days after the date that such executives begin such discussions, then any
Manager may declare an impasse of such executives (a “Senior Vice President Impasse”) by giving written notice to the other Managers (a “Senior Vice President Impasse Notice”). Within five Business Days after
receipt of such Senior Vice President Impasse Notice, an executive of each Member (or a parent Affiliate of such Member) who has the authority to settle the Senior Vice President Impasse and who is at an Executive Vice President or higher level of
management of such Member (or such parent Affiliate) shall enter into good faith discussions to reach an agreement that will end the Senior Vice President Impasse. If a decision is not made by common accord that ends the Senior Vice President
Impasse within 30 days after the date that such executives begin such discussions, then any Manager may declare an impasse of such executives (an “Executive Vice President Impasse”) by giving written notice to the other Managers (an
“Executive Vice President Impasse Notice”). Within five Business Days after receipt of such Executive Vice President Impasse Notice, the Chief Executive Officer of each Member (or the ultimate parent of such Member) shall enter into
good faith discussions to reach an agreement that will end the Executive Vice President Impasse. If a decision is not made by common accord that ends the Executive Vice President Impasse within 30 days after the date that such executives begin such
discussions, then any Manager may declare an impasse of such executives (a “Chief Executive Officer Impasse”) by giving written notice to the other Managers (a “Chief Executive Officer Impasse Notice”), and the
Chief Executive Officer Impasse shall be submitted to non-binding mediation in accordance with Section 17.09(c). 
 (c)
Non-Binding Mediation. Within 20 Business Days of receipt by the Managers of a Chief Executive Officer Impasse Notice (the “Mediation Date”), the Members shall submit the Chief Executive Officer Impasse to non-binding
mediation, using any mediator upon which the Members mutually agree, provided that any such mediator must be qualified by his or her education, training and experience in the crude oil pipeline industry. If the Members are unable to mutually
agree upon a mediator within 10 Business Days following the receipt of the Chief Executive Officer Impasse Notice, the Chief Executive Officer Impasse shall be 

  
 85 

 
referred to the Houston, Texas office of the American Arbitration Association (“AAA”) for mediation, provided that any mediator of the AAA assigned to
mediate the matter giving rise to the Chief Executive Officer Impasse must be qualified by his or her education, training and experience in the crude oil pipeline industry. The mediation shall be conducted in accordance with the Commercial
Arbitration Rules and the Mediation Procedures of the AAA, with such changes thereto as may be agreed upon by the Members prior to such mediation. The cost of the mediator will be borne equally by the Members. If such mediation does not result in
the resolution of the Chief Executive Officer Impasse within 60 days following the submission thereof to mediation (the “Mediation Drop Dead Date”), each Member will be entitled to exercise the rights set forth in
Section 17.09(d).  
 (d) Buyout Right. 

(i) Following completion of the procedures set forth in Sections 17.09(a) through (c), either Member may elect,
by delivering written notice (a “Buyout Notice”) to the other Member within 30 Business Days of the Mediation Drop Dead Date, to purchase all, but not less than all, of such other Member’s Units (the “Subject
Units”) for an amount equal to the fair market value of the Company as determined in accordance with the provisions of this Section 17.09(d) (the “Deadlock Fair Market Value”) multiplied by 1.30 and multiplied
further by the Class A Percentage Interest represented by the Subject Units (the “Buyout Purchase Price”); provided, however, that if both Members have provided a Buyout Notice in accordance with the foregoing, then the
provision of Section 17.09(e) shall apply. 
 (ii) The Deadlock Fair Market Value of any Subject Units shall be
determined in accordance with the following procedure. The Buyout Notice will identify a nationally recognized investment banking firm retained by the proposed purchasing member, which firm will be experienced in the valuation of companies operating
in the business of crude oil pipelines and facilities similar in nature and scope to that operated by the Company (the “Buyer Appraiser”). On or before the 10th day following
receipt by the other Member of the Buyout Notice, the receiving Member will notify the other Member of the nationally recognized investment banking firm experienced in the valuation of companies operating in the business of crude oil pipelines and
facilities similar in nature and scope to that operated by the Company that it has retained (the “Seller Appraiser”). Within 10 days of the selling Member’s selection of the Seller Appraiser, the Buyer Appraiser and the Seller
Appraiser will select a third, independent, nationally recognized investment banking firm experienced in the valuation of companies operating in the business of crude oil pipelines and facilities similar in nature and scope to that operated by the
Company (the “Independent Appraiser”) If the Independent Appraiser so chosen shall resign or otherwise fail or become unable to serve as independent appraiser, a replacement Independent Appraiser shall be chosen by the Buyer
Appraiser and the Seller Appraiser in the same manner. The cost of the Independent Appraiser will be borne equally by the Members, and each Member will otherwise bear the cost of the appraiser selected by it. The Company shall, and shall instruct
the Operator to, provide the Independent Appraiser with all information and data reasonably necessary to make a determination of Deadlock Fair Market Value of the Company, subject to a customary confidentiality agreement. The Independent Appraiser
shall report to the Members its determination of the Deadlock Fair Market Value of the Company within 30 days after appointment, and such determination shall be final and binding on both Members, absent manifest error. 

  
 86 

 (iii) Within 30 days of the Independent Appraiser’s determination of the
Deadlock Fair Market Value, provided that the Chief Executive Officer Impasse has not otherwise been resolved by the Members prior to such determination, the Member that delivered the Buyout Notice (the “Purchasing Member”) shall be
required to deliver the Buyout Purchase Price for the Subject Units to the other Member (the “Selling Member”) in exchange for the Subject Units. Unless otherwise agreed to by the Members, the Buyout Purchase Price for the Subject
Units shall be payable only in cash, by wire transfer of immediately available funds. The Selling Member shall not be required to provide any representations, warranties or indemnities in connection with such sale of the Subject Units, other than
customary (including with respect to qualifications) representations, warranties and indemnities concerning (1) the Selling Member’s valid title to and ownership of the Subject Units, free of all liens, claims and encumbrances (excluding
those arising under applicable securities laws), (2) the Selling Member’s authority, power and right to enter into and consummate such sale of the Subject Units, (3) the absence of any violation, default or acceleration of any
agreement to which the Selling Member is subject or by which its assets are bound as a result of such sale of the Subject Units, and (4) the absence of, or compliance with, any governmental or third party consents, approvals, filings or
notifications required to be obtained or made by the Selling Member in connection with such sale of the Subject Units. Upon delivery of the Buyout Purchase Price, the Company shall, without the consent of any other Person, revise the Member Schedule
to reflect the purchase of the Subject Units by the Purchasing Member. 
 (e) Topping Procedure. 

(i) In the event both Members have provided Buyout Notices within the time frame required by Section 17.04(d)(i), then
within 45 Business Days following the Mediation Drop Dead Date each Member will simultaneously provide to the other Member a written notice stating the purchase price (the “Initial Offer Price”) at which it would purchase all, but
not less than all, of the other Member’s Subject Units (a “Buyout Offer”); provided that any such Initial Offer Price must equal or exceed the Deadlock Fair Market Value of such Subject Units multiplied by 1.30. The
Member who received the Buyout Offer with the highest Initial Offer Price on a per Unit basis will have 30 days from receipt of such Buyout Offer to either (A) accept the Buyout Offer, or (B) acquire the Subject Units of the offering
Member at the same per Unit price as set forth in the offering Member’s Buyout Offer (the “Topping Unit Price”). The failure of the receiving Member to respond within the specified time frame will be deemed to automatically
constitute an acceptance of the Buyout Offer. The purchase price (the “Topping Purchase Price”) to be paid by the Member (the “Topping Purchasing Member”) that acquires the Subject Units of the other Member (the
“Topping Selling Member”) shall be equal to the Topping Unit Price multiplied by the number of Subject Units then held by the Topping Selling Member. 

  
 87 

 (ii) Within 30 days of the receiving Member’s determination (or deemed
determination) to accept the Buyout Offer or to acquire the Subject Units in accordance with Section 17.09(e)(ii), the Topping Purchasing Member shall be required to deliver the Topping Purchase Price for the Subject Units to the Topping
Selling Member in exchange for the Subject Units. Unless otherwise agreed to by the Members, the Topping Purchase Price for the Subject Units shall be payable only in cash, by wire transfer of immediately available funds. The Topping Selling Member
shall not be required to provide any representations, warranties or indemnities in connection with such sale of the Subject Units, other than customary (including with respect to qualifications) representations, warranties and indemnities concerning
(1) the Topping Selling Member’s valid title to and ownership of the Subject Units, free of all liens, claims and encumbrances (excluding those arising under applicable securities laws), (2) the Topping Selling Member’s
authority, power and right to enter into and consummate such sale of the Subject Units, (3) the absence of any violation, default or acceleration of any agreement to which the Topping Selling Member is subject or by which its assets are bound
as a result of such sale of the Subject Units, and (4) the absence of, or compliance with, any governmental or third party consents, approvals, filings or notifications required to be obtained or made by the Topping Selling Member in connection
with such sale of the Subject Units. Upon delivery of the Topping Purchase Price, the Company shall, without the consent of any other Person, revise the Member Schedule to reflect the purchase of the Subject Units by the Topping Purchasing Member.

 Section 17.10 Waiver. No consent or waiver, express or implied, by any Member of any breach or default by any other Member in
the performance by the other Member of his, her or its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such other Member of the same or any other obligation
hereunder. Failure on the part of any Member to complain of any act or to declare any other Member in default, regardless of how long such failure continues, shall not constitute a waiver of rights hereunder. 

Section 17.11 Severability. If any provision of this Agreement or the application thereof to any Person or circumstances shall be
invalid or unenforceable to any extent, and such invalidity or unenforceability does not destroy the basis of the bargain between the parties, then the remainder of this Agreement and the application of such provisions to other Persons or
circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by Law. 
 Section 17.12
Ownership of Property and Right of Partition. A Unit in the Company shall be personal property for all purposes. No Member shall have any right to partition the property owned by the Company. 

Section 17.13 Successors and Assigns. Except as otherwise specifically provided herein, this Agreement shall be binding upon and
inure to the benefit of the Members and their respective permitted successors and assigns. 

  
 88 

 Section 17.14 Further Assurances. In connection with this Agreement and the
transactions contemplated hereby, each Member shall execute and deliver any additional documents and instruments and perform any additional acts that may be necessary or appropriate to effectuate and perform the provisions of this Agreement and
those transactions. 
 Section 17.15 Parties in Interest. This Agreement shall be binding solely upon, be enforceable solely by,
and inure solely to the benefit of, each Member and his, her or its permitted successors, assigns, and Transferees, and nothing in this Agreement (express or implied) is intended to confer upon any other Person any rights or remedies of any nature
whatsoever under or by reason of this Agreement; provided, however, that Member Indemnitors are express third party beneficiaries of the terms of Section 10.07, and Member Covered Persons and Covered Persons are express
third party beneficiaries of Article X and Article XI. 
 Section 17.16 Specific Performance. Each
Member agrees that the other Members would be damaged irreparably and would have no adequate remedy at law in the event any of the provisions of this Agreement are not performed in accordance with their specific terms or are otherwise breached.
Accordingly, each Member shall be entitled to seek an injunction or injunctions to prevent breaches of this Agreement by the other Members and to enforce specifically this Agreement and the terms and provisions hereof, this being in addition to any
other remedies to which such Member is entitled at law or in equity, without proof of actual damages or any obligation to post any bond or other security as a prerequisite to obtaining equitable relief. Each Member agrees not to dispute or resist
any such application for relief on the basis that another Member has an adequate remedy at law or that damage arising from such non-performance or breach is not irreparable. 

Section 17.17 Publicity. The Company shall not make any press release, public announcement or other public communication
(including an internet posting, web blog or other electronic publication) that (a) makes reference to the Company, this Agreement or the transactions contemplated herein without prior Management Committee Approval or (b) makes reference to
any Member or Managers designated by such Member without prior written approval of such Member. 
 Section 17.18 Certain
Expenses. Except as otherwise specified in this Agreement or the Operating and Construction Management Agreement, each Member shall pay its own costs and expenses incurred in connection with the execution and delivery of this Agreement and any
agreements related hereto that are executed and delivered on the date hereof. 
 Section 17.19 Counterparts. This Agreement may
be executed in any number of counterparts (including by facsimile or .pdf attachment containing the applicable signature(s)) with the same effect as if all signing parties had signed the same document. All counterparts shall be construed together
and constitute the same instrument. 
 [SIGNATURE PAGES FOLLOW] 

  
 89 

 IN WITNESS WHEREOF, the undersigned has entered into this Agreement as of the date first written
above. 
  

			
	MEMBERS:
	
	ENBRIDGE ENERGY PARTNERS, L.P.
		
	By:	 	Enbridge Energy Company, Inc.,
		 	its general partner
		
	By:	 	/s/ Mark Maki
		 	Name: Mark Maki
		 	Title: President
	
	WILLISTON BASIN PIPE LINE LLC
		
	By:	 	/s/ Garry L. Peiffer
		 	Name: Garry L. Peiffer
		 	Title:   Executive Vice President of
		 	            Corporate Planning and Investor &
		 	            Government Relations

 SIGNATURE PAGE 

AMENDED AND RESTATED LIMITED LIABILITY COMPANY
AGREEMENT 
 OF 

NORTH DAKOTA PIPELINE COMPANY LLC 

  

 EXHIBIT A 

CALL NOTICE 

[See Attached] 

  
 EXHIBIT
A 

 EXHIBIT A 

FORM OF CALL NOTICE 

NORTH DAKOTA PIPELINE COMPANY LLC 

CALL NOTICE 

Reference is made to the Amended and Restated Limited Liability Company Agreement (as amended, supplemented and restated from time to time,
the “LLC Agreement”) of North Dakota Pipeline Company LLC (the “Company”), dated as of [            ], 20[    ]. Terms
used in this Call Notice and not otherwise defined herein shall have the respective meanings set forth in the LLC Agreement. Pursuant to Section 5.02[    ] of the LLC Agreement, the Company hereby requests that Members make
capital contributions to the Company as follows: 
  

	1.	Aggregate Amount of Capital Call: $                 

 

	2.	Date funds are required to be received by the Company (the “Due Date”):             , 20    

  

					
	3.	    	Use of Proceeds:	 	  

		    	  

		    	  

		    	  

  

	4.	Capital contribution of each Member: 

  

					
	 Member
	  	Capital Contribution	 
	 Enbridge Energy Partners, L.P.
	  	$	[                	] 
	 Williston Basin Pipe Line LLC
	  	$	[                	] 

  

	5.	Number and class of Units to be issued to each Member in return for capital contribution: 

  

			
	 Member
	  	 Units Issued

	 Enbridge Energy Partners, L.P.
	  	[    ] Class [A] [B] Units
	 Williston Basin Pipe Line LLC
	  	[    ] Class [A] [B] Units

  

	6.	Instructions for Wire Transfer:
                                         
        

 [Signature page follows.] 

  
 NORTH
DAKOTA PIPELINE COMPANY LLC 
 AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT 
 EXHIBIT A 

 IN WITNESS WHEREOF, the undersigned has executed this Call Notice on behalf of the Company on this
            day of             , 20    . 

 

					
	NORTH DAKOTA PIPELINE COMPANY LLC
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 NORTH
DAKOTA PIPELINE COMPANY LLC 
 AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT 
 EXHIBIT A 

 EXHIBIT B 

OPERATING AND 

CONSTRUCTION MANAGEMENT AGREEMENT 

[See Attached] 

  
 EXHIBIT
B 

 Execution Version 

OPERATING AND CONSTRUCTION MANAGEMENT AGREEMENT 

BETWEEN 
 NORTH DAKOTA
PIPELINE COMPANY LLC 
 AND 

ENBRIDGE (U.S.) INC. 

Dated November 25, 2013 

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	Page	 
	 1.0
	 	 Definitions; Interpretation
	  	 	1	  
	 1.1
	 	 Definitions
	  	 	1	  
	 1.2
	 	 References and Rules of Construction
	  	 	6	  
	 2.0
	 	 Operator
	  	 	6	  
	 2.1
	 	 Operator Identified
	  	 	6	  
	 2.2
	 	 Term
	  	 	6	  
	 2.3
	 	 Resignation or Removal of Operator
	  	 	6	  
	 3.0
	 	 Duties of Operator
	  	 	7	  
	 3.1
	 	 Independent Contractor
	  	 	7	  
	 3.2
	 	 No Agency
	  	 	7	  
	 3.3
	 	 Services
	  	 	7	  
	 3.4
	 	 Limitation of Authority
	  	 	10	  
	 3.5
	 	 Warranty
	  	 	11	  
	 4.0
	 	 Schedule of Charges
	  	 	11	  
	 4.1
	 	 Management Fee and Construction G&A Fee
	  	 	11	  
	 4.2
	 	 Direct Expenses
	  	 	12	  
	 4.3
	 	 Adjustments to Fees and Expenses
	  	 	12	  
	 5.0
	 	 Budgets
	  	 	13	  
	 5.1
	 	 Preparation and Approval of the Budget
	  	 	13	  
	 5.2
	 	 Preparation and Approval of Budget Amendments
	  	 	13	  
	 5.3
	 	 Authority for Extra Budget Expenditures
	  	 	13	  
	 5.4
	 	 Payment of Costs
	  	 	13	  
	 6.0
	 	 Emergencies; Ownership of Assets
	  	 	14	  
	 6.1
	 	 Emergencies
	  	 	14	  
	 6.2
	 	 Ownership of Subject Facilities, Land Rights and Materials
	  	 	14	  
	 6.3
	 	 Proprietary Rights
	  	 	14	  
	 7.0
	 	 Accounting; Reports
	  	 	16	  
	 7.1
	 	 Maintenance of Accounts; Statements
	  	 	16	  
	 7.2
	 	 Banking
	  	 	16	  
	 7.3
	 	 Owner Funds
	  	 	16	  
	 7.4
	 	 Disbursements to Members
	  	 	16	  
	 7.5
	 	 Audits
	  	 	16	  

  
 i 

							
	 7.6
	 	 Government Reports
	  	 	17	  
	 7.7
	 	 Maintenance of and Access to Records
	  	 	17	  
	 7.8
	 	 Periodic Reports and Statements
	  	 	17	  
	 8.0
	 	 Force Majeure
	  	 	18	  
	 8.1
	 	 Procedure
	  	 	18	  
	 8.2
	 	 Definition
	  	 	18	  
	 8.3
	 	 Strikes
	  	 	18	  
	 8.4
	 	 Duty to Mitigate
	  	 	18	  
	 9.0
	 	 Insurance
	  	 	18	  
	 9.1
	 	 Insurance
	  	 	18	  
	 9.2
	 	 Premiums, Deductibles, etc
	  	 	19	  
	 10.0
	 	 Claims
	  	 	19	  
	 10.1
	 	 Claims
	  	 	19	  
	 10.2
	 	 Mutual Release and Indemnification
	  	 	19	  
	 11.0
	 	 Confidential Information; Publicity
	  	 	22	  
	 11.1
	 	 Confidential Information
	  	 	22	  
	 11.2
	 	 Publicity
	  	 	24	  
	 12.0
	 	 General Provisions
	  	 	24	  
	 12.1
	 	 Notices
	  	 	24	  
	 12.2
	 	 Governing Law
	  	 	25	  
	 12.3
	 	 Waiver of Jury Trial
	  	 	25	  
	 12.4
	 	 Dispute Resolution
	  	 	25	  
	 12.5
	 	 Entirety of Agreement
	  	 	26	  
	 12.6
	 	 Captions or Headings
	  	 	27	  
	 12.7
	 	 Assignment
	  	 	27	  
	 12.8
	 	 Duplicate Originals
	  	 	27	  
	 12.9
	 	 No Third Party Beneficiary
	  	 	27	  
	 12.10
	 	 Severability
	  	 	27	  
	 12.11
	 	 Waiver
	  	 	27	  
	 12.12
	 	 Successors and Assigns
	  	 	27	  
	 12.13
	 	 Exhibits
	  	 	27	  
	 12.14
	 	 Joint Efforts
	  	 	27	  
	 12.15
	 	 Counterparts
	  	 	27	  

 Exhibits 
  

			
	 Exhibit A
	 	Insurance
	 Exhibit B
	 	Initial Budget

  
 ii 

 OPERATING AND CONSTRUCTION MANAGEMENT AGREEMENT 

This OPERATING AND CONSTRUCTION MANAGEMENT AGREEMENT (as the same may be amended from time to time in accordance herewith, this
“Agreement”) by and between North Dakota Pipeline Company LLC, a Delaware limited liability company (“Owner”), and Enbridge (U.S.) Inc., a Delaware corporation
(“Operator”), is made and entered into as of November 25, 2013 (“Effective Date”). Owner and Operator may be referred to herein collectively as the “Parties” or each,
individually, as a “Party.” 
 RECITALS 

WHEREAS, Enbridge Energy Partners L.P. (“EEP”) and Williston entered into that
certain Amended and Restated Limited Liability Company Agreement of Owner, dated as of even date herewith (such agreement, as it may be amended, modified or supplemented from time to time, the “LLC Agreement”), to govern the
management, ownership and operation of Owner and its assets; 
 WHEREAS, Owner intends to plan, design, develop and
construct the Sandpiper Facilities and all other Facilities; and 
 WHEREAS, Owner desires to retain the services of Operator to
Manage the Design, Procurement and Construction of, and to operate and maintain the Facilities, and to provide certain other services related to the Facilities, in each case, on the terms and conditions set forth in this Agreement. 

NOW, THEREFORE, for and in consideration of the foregoing, the mutual covenants set forth herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties hereby agree as follows: 

AGREEMENT 
  

	1.0	Definitions; Interpretation. 

 1.1 Definitions. The following terms, as used in
this Agreement, shall have the following meanings. 
 “Affiliate” has the meaning set forth in the LLC
Agreement. 
 “Agreement” has the meaning set forth in the Preamble. 

“Audit Period” has the meaning set forth in Section 7.5.2. 

“Available Cash” has the meaning set forth in the LLC Agreement. 

“Bankrupt” means, with respect to any Person, (a) the filing by such Person of a voluntary petition seeking
liquidation, reorganization, arrangement or readjustment, in any form, of its debts under the U.S. Bankruptcy Code (or corresponding provisions of future Laws) or any other insolvency Law, or a Person’s filing an answer consenting to or
acquiescing in any such petition, (b) the making by such Person of any assignment for the benefit of its creditors or the admission by a Person of its inability to pay its debts as they mature or (c) the expiration of sixty (60) days
after the filing of an involuntary petition under the U.S. Bankruptcy Code (or corresponding provisions of future Laws) seeking an application for the appointment of a receiver for the assets of such Person, or an involuntary petition seeking
liquidation, reorganization, arrangement or readjustment of its debts under any other 

 
insolvency Law, unless the same shall have been vacated, set aside or stayed within such sixty (60) day period. 

“Budget” means (a) for the remainder of calendar year 2013 and each of the calendar year 2014, 2015 and 2016, the
budget attached hereto as Exhibit B, which covers all forecasted operating costs, capital expenditures for maintenance that Operator reasonably anticipates to be made or incurred by or on behalf of Owner during such periods and the
then-applicable Non-Growth Integrity Project Budget, (b) in each other calendar year during the term of this Agreement, a budget provided by Operator to Owner (and which is approved by the Management Committee) that reasonably covers all
forecasted operating costs and expenditures, capital expenditures in connection with maintenance and Long Term Response Expenditures (if any) that Operator reasonably anticipates to be made or incurred by or on behalf of Owner during the applicable
calendar year and the then-applicable Non-Growth Integrity Project Budget, (c) any then applicable budgets (which have been approved by the Management Committee or otherwise deemed approved under the terms of the LLC Agreement) with respect to
any Participatory Growth Capital Project or Non-Participatory Growth Capital Project and (d) all forecasted capital costs and expenditures that Operator reasonably anticipates to be made or incurred in connection with its performance of the
Services with respect to the Sandpiper Facilities prior to the Sandpiper Project In-Service Date, including the Sandpiper Project Spend Profile; provided, that in each of the cases of clauses (a), (b) and (c),
the Budget shall include the amount of any permitted variance thereto pursuant to Section 5.3. 
 “Budget
Amendment” has the meaning set forth in Section 5.2. 
 “Business” has the meaning set forth in
the LLC Agreement. 
 “Business Day” means a day (other than a Saturday or Sunday) on which commercial banks in
Texas and Calgary, Alberta, Canada are generally open for business. 
 “Capital Account” has the meaning set forth
in the LLC Agreement. 
 “Cash Reserves” has the meaning set forth in the LLC Agreement. 

“Claim” has the meaning set forth in the LLC Agreement. 

“Claim Notice” has the meaning set forth in Section 10.2.6(a). 

“Confidential Information” has the meaning set forth in Section 11.1.1. 

“Construction” and its derivatives mean, with respect to any facility or project, all activities relating to the
construction thereof. 
 “Construction G&A Fee” has the meaning set forth in Section 4.1.2. 

“Contract” has the meaning set forth in the LLC Agreement. 

“Default Budget” has the meaning set forth in Section 5.1. 

“Design” and its derivatives mean, with respect to any facility or project, all activities relating to the engineering
and design thereof. 
 “Dispute” has the meaning set forth in Section 12.4.1. 

  
 2 

 “Dispute Notice” has the meaning set forth in Section 12.4.2. 

“EEP” has the meaning set forth in the Recitals. 

“Effective Date” has the meaning set forth in the Preamble. 

“Emergency” has the meaning set forth in Section 6.1. 

“Emergency Expenditures” has the meaning set forth in Section 6.1. 

“Owner” has the meaning set forth in the Preamble. 

“Owner Improvements” has the meaning set forth in Section 6.3.2. 

“Owner Indemnitees” means Owner and its Affiliates (other than Operator) and their respective partners,
members, directors, officers, managers, employees, contractors, agents and other representatives. 

“Owner Intellectual Property” has the meaning set forth in Section 6.3.1. 

“Facilities” has the meaning set forth in the LLC Agreement. 

“FERC” means the U.S. Federal Energy Regulatory Commission. 

“Force Majeure” has the meaning set forth in Section 8.2. 

“GAAP” means U.S. Generally Accepted Accounting Principles as consistently applied. 

“Governmental Authority” has the meaning set forth in the LLC Agreement. 

“Growth Capital Project” has the meaning set forth in the LLC Agreement. 

“Indemnified Party” has the meaning set forth in Section 10.2.6. 

“Indemnifying Party” has the meaning set forth in Section 10.2.6. 

“Initial Call Amount” has the meaning set forth in Section 5.4.2. 

“Intellectual Property” means patents and copyrights, whether registered or not, and rights in
confidential information and know-how and equivalent rights (including, in all cases, applications and rights to apply therefor) arising anywhere in the world. 

“Interstate Commerce Act” means the version of the Interstate Commerce Act under which FERC regulates
oil pipelines, 49 U.S.C. app. §§ 1, et seq. (1988), and the regulations promulgated by the FERC thereunder. 

“Land Rights” has the meaning set forth in Section 3.3.7(a). 

“Law” has the meaning set forth in the LLC Agreement. 

“Liabilities” has the meaning set forth in the LLC Agreement. 

  
 3 

 “Liability Claim” has the meaning set forth in Section
10.1.1. 
 “Licensed Intellectual Property” has the meaning set forth in
Section 11.1.3. 
 “Lien” means, with respect to any property or asset, any
mortgage, deed of trust, lien, pledge, charge, claim, security interest, restrictive covenant or easement or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable Law, as well as the
interest of a vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement relating to such property or asset. 

“LLC Agreement” has the meaning set forth in the Recitals. 

“Long Term Response Expenditures” has the meaning set forth in the LLC Agreement. 

“Manage” or “Management” and their respective derivatives mean, with respect to
any facility or project, the management and administration of the Design, Procurement and Construction of such facility or project through the in-service date thereof. 

“Management Account” has the meaning set forth in Section 7.2. 

“Management Committee” has the meaning set forth in the LLC Agreement. 

“Management Fee” has the meaning set forth in Section 4.1.1. 

“Member” has the meaning set forth in the LLC Agreement. 

“Negotiation Period” has the meaning set forth in Section 12.4.3. 

“Non-Growth Integrity Project” has the meaning set forth in the LLC Agreement. 

“Non-Growth Integrity Project Budget” has the meaning set forth in the LLC Agreement. 

“Non-Participatory Growth Capital Project” has the meaning set forth in the LLC Agreement.

 “Operator” has the meaning set forth in the Preamble. 

“Operator Improvements” has the meaning set forth in Section 6.3.2. 

“Operator Indemnitees” has the meaning set forth in Section 10.2.1. 

“Operator Intellectual Property” has the meaning set forth in Section 6.3.1.

 “Participatory Growth Capital Project” has the meaning set forth in the LLC
Agreement. 
 “Parties” and “Party” has the meaning set forth in
the Preamble. 
 “Person” has the meaning set forth in the LLC Agreement.

  
 4 

 “Procurement” and its derivatives mean all activities
relating to the procurement and handling of all services, materials, equipment and construction equipment necessary for any Design and Construction of the Facilities. 

“Quarterly Estimate” has the meaning set forth in Section 5.4. 

“Recommended Activity” has the meaning set forth in Section 10.2.4. 

“Records” has the meaning set forth in Section 6.3.5. 

“Recovery Claim” has the meaning set forth in Section 10.1.2. 

“Related Contracts” means two (2) or more Contracts between each of Owner (or Operator on behalf of
Owner), on one hand, and one (1) or more Third Parties that are Affiliates of each other, on the other hand, that address, in form and substance, generally the same aspect of the Business or subject matter and that are entered into on or near
the same date. 
 “Sandpiper Facilities” has the meaning set forth in the LLC
Agreement. 
 “Sandpiper Project In-Service Date” has the meaning set forth in the LLC
Agreement. 
 “Sandpiper Project Spend Profile” has the meaning set forth in the LLC
Agreement. 
 “Services” means all the services to be performed by Operator and all
duties of Operator, in each case, pursuant to or as otherwise set forth in this Agreement, including the Management, Design, Procurement, and Construction of the Facilities, and the operation, upkeep, repair and/or maintenance thereof.

 “Shortfall Estimate” has the meaning set forth in Section 5.4.1.

 “Special Available Cash” has the meaning set forth in the LLC Agreement. 

“Special Capital Account” has the meaning set forth in the LLC Agreement. 

“Standard of Care” means that, in its performance of the Services, Operator acts in a good and
workmanlike manner, in accordance with: (a) reasonable, customary and prudent construction management and operating practices in the pipeline industry for operations of a similar size and nature to Owner; and (b) all applicable Law and any
other applicable rules and requirements of Governmental Authorities; provided, that in no event shall Operator be obligated to comply with the foregoing if such compliance would result in a breach by Operator of
applicable Law. 
 “Subcontractor” means any Third Party engaged by Operator to provide
services or materials related to (or in place of) the services to be provided by Operator pursuant to this Agreement. 

“Super-Majority Management Committee Approval” has the meaning set forth in the LLC Agreement.

 “Third Party” means any Person that is not a Party or a Member or an Affiliate of a Party
or a Member. 
 “Third-Party Claim” has the meaning set forth in
Section 10.2.6(b). 

  
 5 

 “Units” has the meaning set forth in the LLC
Agreement. 
 “Williston” means Williston Basin Pipe Line LLC, a Delaware limited
liability company. 
 “Williston Manager” has the meaning set forth in the LLC
Agreement. 
 1.2 References and Rules of Construction. All references in this Agreement to Exhibits, Articles,
Sections, subsections and other subdivisions refer to the corresponding Exhibits, Articles, Sections, subsections and other subdivisions of or to this Agreement unless expressly provided otherwise. Titles appearing at the beginning of any Articles,
Sections, subsections or other subdivisions of this Agreement are for convenience only, do not constitute any part of this Agreement and shall be disregarded in construing the language or meaning of this Agreement. The words “this
Agreement,” “herein,” “hereby,” “hereunder” and “hereof,” and words of similar import, refer to this Agreement as a whole and not to any particular Article, Section, subsection or other subdivision unless
expressly so limited. The words “this Article,” “this Section” and “this subsection,” and words of similar import, refer only to the Article, Section or subsection hereof in which such words occur. The word
“including” (in its various forms) means “including without limitation.” All references to “$” or “dollars” shall be deemed references to United States Dollars. Each accounting term not defined herein will
have the meaning given to it under GAAP. Pronouns in masculine, feminine or neuter genders shall be construed to state and include any other gender, and words, terms and titles (including terms defined herein) in the singular form shall be construed
to include the plural and vice versa, unless the context otherwise requires. Exhibits referred to herein are attached hereto. References to any Law or agreement shall mean such Law or agreement as it may be amended from time to time. Whenever any
action must be taken hereunder on or by a day that is not a Business Day, then such action may be validly taken on or by the next day that is a Business Day. 
  

	2.0	Operator. 

 2.1 Operator Identified. Subject to the terms of this Agreement,
Operator is hereby retained to perform, or cause to be performed, the Services. 
 2.2 Term. The term of this Agreement begins
on the Effective Date and ends upon the earliest to occur of: (a) the termination of the LLC Agreement, (b) the written consent of the Parties, (c) the permanent abandonment or shutdown of the Facilities and the completion of the
Services of Operator in connection therewith or (d) the date that the resignation or removal of Operator pursuant to Section 2.3 becomes effective in accordance with the provisions of Section 2.3.3. 

2.3 Resignation or Removal of Operator. 
  

	 	2.3.1	Optional Resignation. Operator may resign at any time by sending written notice to Owner. 

  

	 	2.3.2	Removal of Operator. Operator shall be removed upon the occurrence of any of the following: 

  

	 	(a)	Operator becomes insolvent or Bankrupt; 

  

	 	(b)	Operator dissolves, liquidates or terminates its existence; 

  

	 	(c)	 (i) Operator breaches the Standard of Care or any material obligation under the Agreement; (ii) such breach causes or is reasonably likely to
cause material harm 

  
 6 

	 	
(as defined below); (iii) Owner provides Operator written notice of such breach within a reasonable time after Owner becomes aware of such breach; and (iv) such breach has not been
cured within sixty (60) days after receipt by Operator of a breach notice, provided that if such breach is not reasonably capable of being cured within a sixty (60) day period, Operator shall not be subject to removal if Operator
expeditiously commences to cure such breach following its receipt of a breach notice and continues to diligently proceed with such cure within such longer period of time as shall be reasonably necessary to cure such breach; provided, that for
the purposes of this Section 2.3.2(c), “material harm” means loss or damage to Owner in excess of $50,000,000 that is directly caused by Operator’s breach; 

 

	 	(d)	Operator and its Affiliates cease to own any Units; or 

  

	 	(e)	Operator assigns or purports to assign its right or ability to conduct the Services without prior written consent of Owner. 

  

	 	2.3.3	Effectiveness of Resignation or Removal. Notwithstanding anything to the contrary set forth herein, the resignation or removal of Operator pursuant to the foregoing provisions of this Section 2.3(c)
shall not become effective, and Operator shall not be relieved of its duties as Operator under this Agreement until the earlier of (a) the date that is ninety (90) days after the date of the delivery of the notice of removal or resignation
(or, in the case of removal, such earlier date as is specified in the notice of removal), as applicable, and (b) the date that Operator’s successor has been appointed by Owner and has entered into an agreement with Owner pursuant to which
it has agreed to perform all of the duties, responsibilities and obligations of Operator set forth in this Agreement. 

  

	 	2.3.4	Dispute. Any dispute regarding this Section shall be addressed pursuant to the terms of Section 12.4 (Dispute Resolution) and Operator shall not be removed until it has finally been determined that
the conditions to the removal of Operator under Section 2.3.2 were met. 

  

	3.0	Duties of Operator. 

 3.1 Independent Contractor. In the performance of any
Services by or through Operator for Owner pursuant to this Agreement, Operator conclusively shall be deemed an independent contractor, with the right and authority to direct and control all services and other work being performed by the employees of
Operator and its Affiliates and all Subcontractors. Owner shall have no right or authority to supervise or give instructions to any such Persons and such Persons at all times shall be under the direct and sole supervision and control of Operator. It
is the understanding and intention of the Parties that no relationship of master and servant or principal and agent shall exist between Owner, on the one hand, and the employees, agents or representatives of Operator or its Affiliates, on the other
hand. 
 3.2 No Agency. Except as expressly set forth herein, nothing in this Agreement shall be deemed or construed to authorize
Operator to act as an agent, principal, servant or employee for Owner for any purpose whatsoever and, except as expressly permitted by this Agreement, Operator shall not hold itself out as an agent, principal, servant or employee of Owner to any
Person. 
 3.3 Services. From and after the Effective Date, Operator shall perform the Services for the sole benefit of (and on behalf
of) Owner and at all times in accordance with the Standard of Care and in good faith. Owner hereby delegates to Operator and authorizes Operator to, and Operator shall, perform 

  
 7 

 
each of the Services set forth in this Section 3.3 in accordance with the Standard of Care, subject to the limitations set forth in Section 3.4 or otherwise contained in
this Agreement. 
  

	 	3.3.1	General. Operator shall perform any and all acts and things necessary, requisite or proper for (a) the efficient and safe Management, Design, Procurement, and Construction of (i) the Sandpiper
Facilities as described on Schedule II to the LLC Agreement and (ii) any other Facilities contemplated in the Budget and (b) the operation, maintenance, upkeep and repair of the Facilities, including, in each case, entering into (or
causing Owner to enter into) any Contract with respect to the Sandpiper Facilities and all of the other Facilities or the Business or incurring any expense authorized in an approved Budget or as otherwise permitted hereunder. In addition, Owner
hereby authorizes Operator to do and perform any and all acts and responsibilities delegated to Operator in the LLC Agreement. 

  

	 	3.3.2	Administration of Business. Operator shall administer the Business and all other related and ancillary affairs of the Owner, including the regulatory, financial, accounting and tax affairs of Owner, maintaining
the financial, tax and accounting records of Owner and preparing and distributing financial statements, notices and reports (including reports to Governmental Authorities) in accordance with Sections 7.1, 7.2, 7.3, 7.4,
7.6, 7.7 and 7.8 of this Agreement and as otherwise required pursuant to the LLC Agreement. 

  

	 	3.3.3	Purchase and Sale of Materials and Supplies; Entry into Contracts. Operator shall (or shall cause Owner to) (a) purchase or cause to be purchased all necessary materials and supplies, (b) incur (or
cause to be incurred) all such expenses and (c) enter into (or cause to be entered into) such Contracts, in each case, as may be necessary in connection with the Design, Procurement, Construction, operation and/or maintenance of the Facilities
and/or the performance of the Services. Operator may sell or dispose of materials and equipment that are no longer required in connection with all or any portion of the Facilities. 

 

	 	3.3.4	Personnel. Operator and/or its Affiliate(s) shall employ such personnel as Operator (and/or its Affiliate(s)) may deem reasonably necessary or beneficial with respect to (or in connection with its performance of)
the Services. Also, Operator may utilize its or any of its Affiliates’ other employees to provide all or any portion of the Services. Operator shall employ reasonable efforts to maintain the number of personnel performing services for Owner at
the optimum level and to keep them organized in a manner which will afford cost effective and efficient day-to-day operation of the Business. Operator shall ensure that all such personnel expenses incurred in connection with its obligations under
this Agreement are paid, including compensation, salary, wages, overhead and administrative expenses incurred by Operator and its Affiliates and if applicable, social security, taxes, workers compensation insurance, benefits and other such expenses.
Notwithstanding anything to the contrary in the provisions of Section 10.2, Operator shall indemnify and save harmless Owner from all claims of liability for wages, salary, taxes or benefits in respect of Operator’s personnel;
provided that, for the avoidance of doubt, the Operator shall be entitled to charge such wages, salary, taxes or benefits to Owner to the extent permitted by this Agreement. 

 

	 	3.3.5	 Payment of Expenses. In addition to its other payment and reimbursement obligations set forth in this Agreement and the LLC Agreement, Owner
shall be responsible for payment of Operator’s fees and expenses as set out in this Agreement. To the extent of available funds in the Management Account, Operator shall pay and discharge all costs

  
 8 

	 	
and expenses on a timely basis. Notwithstanding anything herein to the contrary, in no event shall Operator be liable in connection with the performance of its services hereunder or otherwise in
breach of this Agreement if Operator fails, or is otherwise unable, to perform any of such services or its other obligations hereunder due to the failure of Owner to pay when due any amounts payable hereunder by Owner. 

 

	 	3.3.6	Liens. Notwithstanding anything to the contrary in Section 10.2, Operator shall protect and defend Owner, the Facilities and the other assets of the Business (including rights of way related to the
Facilities) from any Liens arising by, through or under Operator, Operator’s Affiliates, and its and their respective representatives, contractors or subcontractors of any level, agents or employees. Operator shall not have any liability to
(and shall not be obligated to release, indemnify or hold harmless) Owner (and each Owner Indemnitee) for any Claims and/or Liabilities suffered by Owner (or such Owner Indemnitee) as a result of any Liens (other than Liens that arise in the
ordinary course of carrying out the Services or that are approved by Super-Majority Management Committee Approval pursuant to the LLC Agreement) being placed on the Facilities or the other assets of the Business (including rights of way related to
the Facilities) except to the extent (and only to the extent) that such Liens arise as a result of the Operator failing to comply with the Standard of Care. Notwithstanding the foregoing, Operator shall have no liability with respect to any Lien
that arises as the result of a failure by Owner to satisfy its obligations to Operator under this Agreement. 

  

	 	3.3.7	Land Rights. 

  

	 	(a)	Except for any route (or portions of any route) for the Facilities which Operator has already surveyed or has determined not to survey as of the Effective Date, Operator shall survey the routes for all Facilities with
respect to which development and construction begins after the Effective Date and, to the fullest extent permitted by applicable Law, acquire all necessary rights of way, easements, leases, fee titles, permits, surveys and other interests in land
required for the Construction, operation and maintenance of the Facilities (“Land Rights”). 

  

	 	(b)	Owner shall, and shall cause the Members to, use its commercially reasonable efforts to provide Operator with any information in Owner’s or the Members’ possession that would be useful to Operator in
connection with the surveying of the routes for the Facilities or the acquisition of Land Rights. 

  

	 	(c)	In the acquisition of Land Rights, Operator shall enter into good faith negotiations with each applicable property owner. Condemnation shall be used to acquire Land Rights whenever, in Operator’s reasonable
discretion, the necessary Land Rights cannot reasonably and economically be obtained voluntarily, and Operator shall initiate condemnation proceedings with the appropriate Governmental Authority and prosecute the same to conclusion in Owner’s
name to the fullest extent allowed by applicable Law. 

  

	 	(d)	Owner shall bear the entire cost of obtaining or enforcing such Land Rights, whether by voluntary conveyance, condemnation or other civil proceedings (and whether by judgment or settlement). 

  
 9 

	 	3.3.8	Common Carrier Operations. Operator shall provide transportation services on the applicable Facilities on behalf of Owner in conformity with applicable tariffs and Law applicable to crude oil pipeline common
carriers under the Interstate Commerce Act and other Law. 

  

	 	3.3.9	Tariffs; Measurements; Receipts and Deliveries of Crude Oil; Connections. 

  

	 	(a)	Tariffs. Operator shall file all tariffs and/or changes to established tariffs (under which tenders of crude oil are transported through the applicable Facilities) that are required to be filed in connection with
the Owner’s Business with the applicable Governmental Authorities. 

  

	 	(b)	Measurements, Receipts and Deliveries of Crude Oil. Operator shall ascertain and record the quantity and quality of crude oil received into and out of the Facilities in accordance with all Law. 

 

	 	(c)	Connections to Pipeline. Connections (if any) to the Facilities shall be made by Operator in accordance with all Law. 

  

	 	3.3.10	Workplace Safety. 

  

	 	(a)	During the term of this Agreement, Operator shall comply with its then existing business-wide safety rules. 

  

	 	(b)	For all Services performed on any pipeline Facility that includes an operations or maintenance task that affects the operation or integrity of the pipeline per the definitions set forth in DOT regulations 49 CFR
Subparts 192 or 195, Operator shall furnish “qualified individuals” as defined in such regulation to perform such tasks. To the extent that Operator elects to use subcontractors, Operator shall ensure that each subcontractor provides
“qualified individuals” to perform such tasks. 

  

	 	3.3.11	Environmental, Health and Safety Reporting. Operator will prepare and furnish to Owner a report describing any accidents and environmental incidents experienced (other than those constituting an Emergency) within
thirty (30) days of such occurrence. During the term of this Agreement, Operator shall comply with its then existing, business-wide emergency response plan. 

3.4 Limitation of Authority. Except in the case of Emergencies, but otherwise notwithstanding anything in this Agreement to the
contrary, Operator shall obtain the prior written consent of Owner prior to taking any of the following actions: 
  

	 	3.4.1	any action that would require prior Super-Majority Management Committee Approval or the consent of a Williston Manager, in each case, pursuant to the LLC Agreement if such action were proposed to be taken by (or on
behalf of) Owner thereunder; 

  

	 	3.4.2	except with respect to powers of attorney granted for the Procurement of Land Rights, the granting of powers of attorney with respect to the Management, Design, Procurement, Construction, operation, maintenance and/or
ownership of the Facilities; 

  
 10 

	 	3.4.3	except to the extent contemplated in the then current Budget, the entering into, amendment or termination of (a) any Contract or series of Related Contracts to lower, adjust or relocate a pipeline and/or any
pipeline facilities which are part of the Facilities if the contracting party is not obligated to pay or reimburse Owner for the entire cost incurred and the non-reimbursable portion of such costs exceeds Five Million Dollars ($5,000,000) or
(b) any Contract or series of Related Contracts relating to Land Rights that commits Owner to incur expenses, in the aggregate, of more than Five Million Dollars ($5,000,000) in any calendar year; or 

 

	 	3.4.4	Incur any expense not included in the then applicable Budget for which reimbursement from Owner would be sought, except for any Emergency Expenditure or (b) as otherwise expressly set forth in this Agreement or
authorized pursuant to the LLC Agreement. 

  

	 	3.5	Warranty. 

  

	 	3.5.1	Operator warrants that it is experienced in the Services to be undertaken on behalf of Owner, possess the skills and financial and technical resources to complete the Services, has the authority to fulfill its
obligations under this Agreement, and will perform the Services at all times in accordance with the Standard of Care. 

  

	 	3.5.2	Operator may subcontract any part of the Services; provided, however, that notwithstanding any subcontract entered into by Operator for all or any part of the Services, Operator shall not be relieved of or
released from any of its obligations or responsibilities under this Agreement. For the purposes of this Agreement, Services performed by subcontractors shall be deemed to be Services performed by Operator. 

 

	 	3.5.3	Notwithstanding anything to the contrary set forth in this Agreement, Operator agrees that any Contracts entered into by Operator with any Subcontractor for the provision (by such Subcontractor) of services and/or
materials that Operator is obligated to provide pursuant to this Agreement shall (a) be at an arm’s length basis and shall be competitive in terms of pricing and other material terms, (b) contain customary indemnity and insurance
provisions that are consistent with the indemnity and insurance provisions set forth herein (or that are otherwise approved in writing by Owner) and (c) contain customary warranty provisions and audit rights that are enforceable by Owner
(either directly or as a third party beneficiary) and that are consistent with Owner’s policies with respect thereto. Without limiting the foregoing and notwithstanding anything to the contrary set forth herein, Operator shall be liable to (and
shall release, indemnify and hold harmless) Owner (and each Owner Indemnitee) for any Claims and/or Liabilities suffered by Owner (or such Owner Indemnitee) to the extent such Claims and/or Liabilities arose out of or in connection with or
attributable or incidental to (i) any actual fraud of any Subcontractor or (ii) the gross negligence or willful misconduct of any Subcontractor. 

  

	4.0	Schedule of Charges. 

  

	 	4.1	Management Fee and Construction G&A Fee. 

  

	 	4.1.1	 Management Fee. Commencing on the Effective Date, Owner will pay Operator an annual fee of Two Million Dollars ($2,000,000) (the
“Management Fee”), as the same may be adjusted pursuant to this Section 4.1.1. The Management Fee will be prorated during the calendar year in which the Effective Date occurs and will be increased

  
 11 

	 	
(a) annually (effective on the first (1st) day of each applicable calendar year after calendar year 2014) by an amount equal to three percent (3%) of the immediately preceding calendar
year’s Management Fee and (b) at any time, by an amount reasonably proposed by Operator in good faith to reflect (i) additional Services required on account of any additional Facilities that are placed in-service, acquired or
otherwise procured and (ii) to the extent agreed to by Owner pursuant to the terms of the LLC Agreement, the actual costs of all general and administrative Services provided by Operator and overhead costs incurred by Operator, in each case, in
performing the Services (other than Design, Construction and Procurement) as Operator hereunder. Owner will pay Operator the annual Management Fee on a monthly basis, in twelve (12) equal installments, by depositing each installment in the
Management Account by the fifth (5th) day of each calendar month. 

  

	 	4.1.2	Construction G&A Fee. In addition to the foregoing, until the Sandpiper Project In-Service Date, and during any other period in which any Growth Capital Project is being Designed and Constructed (and
materials Procured in connection therewith), which period shall end on the date that the Facilities in connection with such Growth Capital Project is put into service, Owner will pay Operator a monthly fee equal to one half of one percent (0.5%) of
the total amount of all capital costs and capitalized expenses incurred by Operator in the immediately preceding calendar month (the “Construction G&A Fee”) with respect to such Facilities. The Construction G&A Fee
shall be increased by an amount reasonably proposed by Operator and agreed to by Owner (pursuant to the terms of the LLC Agreement) to reflect the actual costs of all general and administrative services provided by Operator and overhead costs
incurred by Operator, in each case, in performing the Design, Construction and Procurement services as Operator hereunder. Owner will pay Operator the Construction G&A Fee by depositing each installment in the Management Account by the fifth
(5th) day of each calendar month (starting on the fifth (5th) day of the calendar month following the calendar month in which the Effective Date occurs). Notwithstanding the foregoing, Owner and Operator acknowledge and agree that the
Construction G&A Fee shall not be applied to any maintenance capital expenditures or any expenses in connection with any Non-Growth Integrity Project. 

4.2 Direct Expenses. In addition to paying Operator the Management Fee and, if applicable, the Construction G&A Fee, Owner shall
reimburse Operator for all of the costs and expenses incurred by it in providing the Services, including (a) for any direct operating and any other out-of-pocket costs and expenses incurred by it on behalf of Owner (including, for the avoidance
of doubt, for the fully burdened costs and expenses of any employees of Operator who provide services to (or on behalf of) Owner), (b) for the portion of the fully burdened costs and expenses (as reasonably allocated by Operator) of any other
employees of Operator who provide services to (or on behalf of) Owner and (c) for any other costs and expenses required to be reimbursed to Operator by Owner pursuant to this Agreement. 

4.3 Adjustments to Fees and Expenses. Notwithstanding anything to the contrary herein and except with respect to reimbursements for
Emergency Expenditures, payments and reimbursements to Operator for its costs and expenses pursuant to this Agreement (including, for the avoidance of doubt, this Article 4) shall only be made to the extent such costs and expenses are
included in the then applicable Budget. Notwithstanding the foregoing, Operator shall not be entitled to reimbursement for any costs and expenditures to the extent that the circumstance giving rise to such costs and expenditures resulted from
Operator’s gross negligence or willful misconduct. 

  
 12 

	5.0	Budgets. 

 5.1 Preparation and Approval of the Budget. Starting in calendar year
2016, Operator shall prepare and present to Owner on or before November 15th the Budget for the next succeeding calendar year (other than any Non-Participatory Growth Capital Project Budget or Participatory Growth Capital Project Budget). Owner
shall have thirty (30) days from the date Operator submits such Budget to approve or reject such Budget in whole or in part. With respect to any part of any such Budget that is rejected, Operator shall then have thirty (30) days to
resubmit such Budget, or portion thereof, for approval, and, if Operator elects to resubmit such Budget, or portion thereof, Owner shall have fifteen (15) days to approve or reject such resubmitted Budget, or portion thereof. Until the Parties
reach agreement with respect to the Budget, the Budget to be used by Operator and deemed approved by Owner shall include (a) with respect to the undisputed items of the Budget, the amounts set forth therein for such undisputed item,
(b) with respect to the disputed items of the Budget, amounts included in the immediately preceding calendar year’s Budget (adjusted upward by an amount equal to three percent (3%)) plus to the extent any disputed items were
not included in the immediately preceding calendar year’s Budget, an amount with respect to such items that Operator believes (in its reasonable discretion) to be necessary or appropriate to meet Owner’s legally binding commitments and
obligations that were entered into pursuant to the terms hereof or to conduct and maintain Owner’s operations and properties (including the Facilities) in accordance with the Standard of Care, (c) amounts that Operator believes (in its
reasonable discretion) to be necessary or appropriate with respect to any Long Term Response Expenditures and (d) any Non-Participatory Growth Capital Project Budgets, Participatory Growth Capital Project Budgets and any Non-Growth Integrity
Project then in effect (such items, collectively the “Default Budget”). The Default Budget shall be in effect only until such time as a new Budget is approved by Owner. 

5.2 Preparation and Approval of Budget Amendments. At any time, Operator may propose amendments to a Budget by presenting a written
budget amendment for approval by Owner (each, a “Budget Amendment”). Owner shall have fifteen (15) days from the date Operator submits a Budget Amendment to approve or reject such Budget Amendment in whole
or in part. Any part of any Budget Amendment which is rejected shall either be deleted or resubmitted at the direction of Owner. Operator shall then have thirty (30) days to resubmit (if it so elects) any Budget Amendment for approval. Owner
shall have fifteen (15) days from the date Operator resubmits any such Budget Amendment for approval to approve or reject such re-submitted Budget Amendment. 

5.3 Authority for Extra Budget Expenditures. During any calendar year, Operator shall have the right and authority with respect to such
calendar year’s approved Budget (as such Budget may be amended by any approved Budget Amendment), to make expenditures up to one hundred and fifteen percent (115%) of (i) all operating costs and expenditures and maintenance capital
expenditures and (ii) any line-item with respect to Long Term Response Expenditures. Operator and Owner agree that with respect to any Non-Participatory Growth Capital Project or Participatory Growth Capital Project, the permitted variance, as
determined in accordance with the LLC Agreement, shall apply in lieu of the one hundred and fifteen percent (115%) variance in the preceding sentence. 

5.4 Payment of Costs. At least forty (40) days prior to each applicable calendar quarter beginning
after the Effective Date, Operator shall notify Owner and shall prepare and deliver to Owner, a notice of the estimated amount of expenditures projected to be incurred in such calendar quarter pursuant to the then applicable Budget (or otherwise
pursuant to the LLC Agreement or this Agreement, including, for the avoidance of doubt, in connection with any Emergency plus a reasonable contingency amount (the “Quarterly Estimate”).
Owner shall cause the Quarterly Estimate to be deposited in the Management Account on or before the first (1st) day of the applicable calendar quarter pursuant to the terms of the LLC Agreement. 

  
 13 

	 	5.4.1	Shortfall Estimates. If Operator reasonably believes that the deposits made pursuant to Section 5.4 will be insufficient to satisfy the projected costs and expenses to be incurred during the then
current calendar quarter pursuant to the then applicable Budget (or otherwise pursuant to the LLC Agreement or this Agreement, including for the avoidance of doubt, in connection with any Emergency), then Operator shall prepare and deliver to Owner,
a notice of the estimated amount of the shortfall for such calendar quarter (the “Shortfall Estimate”). Owner shall cause the Shortfall Estimate to be deposited in the Management Account within Fifteen (15) Business Days
of the day Owner received notice thereof from Operator pursuant to the terms of the LLC Agreement. 

  

	 	5.4.2	Initial Call Notices. On the Effective Date, Operator shall notify Owner and shall prepare and deliver to Owner a notice of the estimated amount of expenditures projected to be incurred for the remainder of the
then current calendar quarter pursuant to the then applicable Budget (or otherwise pursuant to the LLC Agreement or this Agreement, including, for the avoidance of doubt, in connection with any Emergency) plus a reasonable contingency amount (the
“Initial Call Amount”). Owner shall cause the Initial Call Amount to be deposited in the Management Account within fifteen (15) Business Days of the day Owner received notice thereof from Operator pursuant to the terms
of the LLC Agreement. 

  

	6.0	Emergencies; Ownership of Assets. 

 6.1 Emergencies. In the event of an Emergency,
Operator shall promptly (a) make all notifications required under applicable Law to the appropriate Governmental Authorities, (b) implement Emergency response and mitigation measures as are required by applicable Law or are deemed
advisable by Operator to respond to or mitigate the Emergency, including to protect human health and the environment, (c) commence any required remediation, maintenance or repair work necessary for the Facilities and/or Owner to comply with all
applicable Law and (d) notify Owner, as soon as practicable after the occurrence of the event of such Emergency. Operator’s notification of Owner may be made by any method deemed appropriate by Operator under the circumstances and does not
have to comply with Section 12.1. Owner shall reimburse Operator for any costs and/or expenses incurred by Operator in connection with any Emergency (any such costs and expenditures, “Emergency Expenditures”),
within fifteen (15) days of its receipt of an invoice therefor. For purposes of this Agreement, an “Emergency” shall be defined as a sudden or unexpected event which causes, or risks causing, (i) substantial damage
to any of the Facilities or the property of a Third Party, (ii) death of or injury to any Person, (iii) damage or substantial risk of damage to natural resources (including wildlife) or the environment, (iv) safety concerns associated
with continued operations, (v) imminent failure or unplanned shutdown of the Facilities or (vi) non-compliance with any applicable Law, in each case, which event is of such a nature that a response cannot reasonably await the decision of
Owner. For the avoidance of doubt, an “Emergency” shall include any release or threatened release of hazardous substances into the environment that requires notification to any Governmental Authority under applicable Law. 

6.2 Ownership of Subject Facilities, Land Rights and Materials. The Facilities (including all Land Rights and materials acquired by
Operator pursuant to this Agreement) shall, at all times, be owned by Owner. Operator shall purchase all materials to be incorporated into the Facilities on behalf of Owner, and title to such materials shall immediately vest in Owner. 

6.3 Proprietary Rights. 
  

	 	6.3.1	 Operator shall retain all rights to its pre-existing Intellectual Property and to any Operator Improvements (collectively, “Operator
Intellectual Property”). Owner shall retain all 

  
 14 

	 	
rights to its pre-existing Intellectual Property, any Owner Improvements, and any design, construction, operation or maintenance Records of the Facilities (collectively, “Owner
Intellectual Property”). 

  

	 	6.3.2	With respect to all Intellectual Property conceived, reduced to practice, authored, developed or created by Operator (including its employees, agents or representatives) or any Subcontractor under this Agreement or in
connection with the carrying out (or otherwise in the furtherance) of the Services, to the extent such Intellectual Property (a) relates to or is an improvement to Operator’s pre-existing Intellectual Property (“Operator
Improvements”), then Operator shall own all right, title, and interest in and to such Operator Improvements; and (b) exclusively relates to and is an improvement to the Owner’s pre-existing Intellectual Property
(“Owner Improvements”), then Owner shall own all right, title, and interest in and to such Owner Improvements. 

  

	 	6.3.3	Owner hereby grants to Operator an irrevocable, perpetual, royalty-free, paid up, transferable (solely to the extent that such a transfer is to a third party of the rights and obligations of Operator under this
Agreement) non-exclusive license to use at any time the Owner Intellectual Property solely to carry out the Services. All rights not expressly granted to Operator in this Section 6.3.3 are reserved by Owner. 

 

	 	6.3.4	Operator hereby grants to Owner (but not to any member of Owner) and any assignee or transferee of all or substantially all of the Facilities (including a member of Owner if such member is the assignee or transferee) a
non-exclusive, royalty-free, paid up license to use (including the right to sub-license to any future operator of the Facilities or other party providing Management, Design, Procurement or Construction services to the Facilities but no other Person)
at any time, for the sole and exclusive purpose of the Management, Design, Procurement, Construction, operation, maintenance, upkeep, repair, alteration, expansion and shut-down of the Facilities, all Operator Intellectual Property utilized by
Operator during the provision of Services (i) without which it would not be possible or commercially reasonable to operate, maintain and manage the Facilities in the manner in which they were designed or constructed and (ii) for which
there is no replacement Intellectual Property that is available in the market on a commercially reasonable basis or that is otherwise held by or available to any Person that is reasonably qualified to provide the Services. All rights not expressly
granted to Owner in this Section 6.3.4 are reserved by Operator. 

  

	 	6.3.5	All tangible and digital copies of the plans, drawings, flow diagrams, equipment specifications, operating manuals, printouts, computer data or other records, regardless of form (hereinafter collectively referred to as
“Records”), prepared or authored by Operator or any Subcontractor under this Agreement or in connection with the carrying out (or otherwise in the furtherance) of the Services, shall be, as between Operator and Owner, the
sole and exclusive property of Owner; provided that Operator will own all right, title and interest in and to any portion of the operating manuals of the Facilities which are common to other facilities of the Operator, which portions, however, shall
expressly be part of the Operator Intellectual Property that is licensed to Owner pursuant to Section 6.3.4. Owner shall provide Operator with copies of the Records to the extent (and only to the extent) necessary to give effect to the
license granted to Operator pursuant to Section 6.3.3. 

  
 15 

	 	6.3.6	Operator agrees to use commercially reasonable efforts to cause any Contract entered into by Operator with any Subcontractor for the provision (by such Subcontractor) of services that Operator is obligated to provide
pursuant to this Agreement to include provisions that provide for the ownership by Owner of any Intellectual Property developed under such Contract; provided, that Operator will have non-exclusive, royalty-free, paid-up license to use (including the
right to sub-license) any such Intellectual Property. 

  

	7.0	Accounting; Reports. 

 7.1 Maintenance of Accounts; Statements. Operator shall
maintain true and accurate accounts of all expenses, disbursements, costs and liabilities chargeable to Owner pursuant to this Agreement, and all revenue accrued and invoiced, all of which shall be charged or credited to Owner, all in accordance
with GAAP and in accordance with the Uniform System of Accounts (including any subsequent modifications or revisions thereof) prescribed for oil pipeline companies by the FERC, its successors or by any other Governmental Authority having regulatory
jurisdiction over Owner or the Facilities, consistently applied, and Operator shall also maintain the Capital Accounts (and Special Capital Accounts, if applicable) for each Member. Operator shall maintain such books of account at its principal
place of business and such books of account shall be open to inspection and examination at reasonable times by Owner. If necessary, Operator may request from Owner any information necessary for Operator to fulfill its duties pursuant to this
Section 7.1. Operator shall prepare, or caused to be prepared, and shall submit to Owner the statements, reports and notices specified in the LLC Agreement within the periods established in the LLC Agreement. 

7.2 Banking. Operator will establish, in Owner’s name and under Owner’s control, a bank account or
accounts (the “Management Account”). Owner will designate Operator, and such Persons as reasonably requested by Operator, as authorized signatories to the Management Account, and all withdrawals by Operator from the
Management Account will be made only by Operator or such designated Persons. All funds of Owner will be used solely for the Business, and all interest and other benefits pertaining to such account belong to Owner. At no time may Operator commingle
the funds in the Management Account with Operator’s funds or the funds of any other Person, and such funds may not be subject to the Liens or Claims of any kind in favor of Operator or its creditors.  

7.3 Owner Funds. Operator shall keep funds belonging to Owner on deposit in the Management Account and, at Owner’s direction,
invest such funds. All interest paid on such funds shall be for the account of Owner. 
 7.4 Disbursements to Members. Operator
shall, within ten (10) days after the end of each calendar quarter, provide written notice to Owner of its determination of Available Cash and Special Available Cash, including information as to cash position, anticipated cash receipts and
disbursements and Cash Reserves. If necessary, Operator may request from Owner any information necessary for Operator to fulfill its duties pursuant to this Section 7.4. 

7.5 Audits. 
  

	 	7.5.1	Owner shall have the right to audit costs charged to Owner’s accounts and other accounting records maintained for Owner by Operator under this Agreement. 

 

	 	7.5.2	 Upon not less than sixty (60) days’ prior written notice to Operator, Owner shall have the right (which right may not be exercised more than
once in any twelve (12) calendar month period or more than once with respect to any costs and expenses incurred in any calendar year) to audit (or cause to be audited) Operator’s books and records for any

  
 16 

	 	
calendar year within the twenty-four (24) calendar month period immediately preceding the date of such notice (such twenty-four (24) calendar month period, the “Audit
Period”). Owner must provide Operator a written notice of any claims for all discrepancies disclosed by said audit and related to the Audit Period. The cost of each such audit shall be borne by Owner. Any such audit shall be conducted
in a manner reasonably designed to result in a minimum of inconvenience and disruption to the operations of Operator. Unless otherwise mutually agreed, any audit shall be conducted at the principal office of Operator or at such other place as the
books and records of Operator related to the Services are maintained. In furtherance of any audit conducted by Owner pursuant to this Section 7.5, Operator hereby agrees to exercise on behalf of Owner any audit rights granted in favor of
Operator under (a) any Contract between Operator and Affiliate of Operator and/or (b) any subcontract between Operator and any Subcontractor. 

  

	 	7.5.3	At the conclusion of an audit, the Parties shall endeavor to settle outstanding matters expeditiously. To this end, Owner will make a reasonable effort to prepare and distribute a written report to Operator as soon as
reasonably practicable and in any event within thirty (30) days after the conclusion of an audit. The report shall include all claims arising from such audit together with comments pertinent to the operation of the accounts and records.
Operator shall make a reasonable effort to reply to the report in writing as soon as possible and in any event no later than sixty (60) days after delivery of the report. 

 

	 	7.5.4	All adjustments resulting from an audit agreed to between the Parties shall be reflected promptly in Operator’s books and records. If any dispute shall arise in connection with an audit, it shall be reported to and
discussed by the Parties within sixty (60) days. 

  

	 	7.5.5	Owner shall have the right at any reasonable time to inspect and/or observe Operator’s Services and the Facilities in order to confirm that such Services are being performed in accordance with the Standard of Care.

 7.6 Government Reports. Operator shall prepare and file any reports required by any commission or Governmental
Authority having jurisdiction over the Facilities, including all reports, right-of-way alignment maps, field inventories and valuation reports and statements of reconciliation as may be required by Governmental Authorities, in each case, in the
correct number of copies required. 
 7.7 Maintenance of and Access to Records. Operator shall keep, or cause to be kept, true and
complete books of account for Owner in accordance with Section 4.01 of the LLC Agreement. Operator shall give reasonable access to each Member, subject to the applicable provisions of the LLC Agreement, to inspect any of the books, records and
operations of Owner for any purpose reasonably related to the Units owned by such Member. Any such inspection shall occur during normal business hours upon reasonable notice to Operator and shall be conducted in a manner which does not cause undue
disruption to the operations of Operator. In addition, if EEP (or any of its Affiliates) is engaged in bona fide negotiations with a Third Party related to a proposed disposition of the Units owned by EEP (or such Affiliate, if applicable) and
requests books, records, and other information for disclosure to such Third Party in accordance with the LLC Agreement, Operator agrees to (a) cooperate with EEP or such Affiliate) and (b) make books, records and other information
available as reasonably required by EEP (or such Affiliate). 
 7.8 Periodic Reports and Statements. Operator will analyze operating
costs for control purposes, prepare cash and movements forecasts, and will furnish to Owner, monthly, unaudited financial statements and such other reports, statistics, and statements relative to the Business as Owner may

  
 17 

 
reasonably request or as may be required by its financial commitments now in existence or hereafter entered into. 
  

	8.0	Force Majeure. 

 8.1 Procedure. If Operator is rendered unable, wholly or in part,
by “Force Majeure” (as defined below) to carry out its obligations under this Agreement, other than to make payments then or thereafter due hereunder, then upon Operator giving notice and full particulars of such Force Majeure to Owner of
the cause relied on, then the obligations of Operator, so far as they are affected by such Force Majeure, shall be suspended during the continuance of any inability so caused but for no longer period. 

8.2 Definition. The term “Force Majeure” means any event not within the reasonable control of Operator and which
by the exercise of reasonable diligence Operator could not have prevented and is not due to the affected Operator’s gross negligence or willful misconduct, including, to the extent consistent with the foregoing, events of nature or the
elements, strikes, lockouts or other labor disturbances, sabotage, wars, blockades, insurrections, riots, epidemics, landslides, lightning, earthquakes, fires, storms, storm warnings, floods and washouts, restraints of Governmental Authorities,
civil disturbances, environmental accidents affecting the land, air or water, explosions, breakage or accident to equipment, machinery or lines of pipe, other casualty occurrences, in each case, substantially affecting the operational performance of
the Facilities, terrorist acts or the threat thereof targeting all or any portion of the Facilities, the necessity for making repairs or alterations to equipment, machinery or lines of pipe or the Facilities in general, freezing of lines of pipe,
partial or entire failure of pipe or other portions of the Facilities, inability to obtain pipe, materials, equipment, rights of way, permits, or labor, and any actions by Governmental Authorities that are resisted in good faith. 

8.3 Strikes. It is understood and agreed that the settlement of strikes or lockouts is entirely within the discretion of Operator, and
that none of the provisions of this Agreement will require the settlement of strikes or lockouts by acceding to the demands of opposing Persons when such course is inadvisable in the discretion of Operator. 

8.4 Duty to Mitigate. Notwithstanding the occurrence of a Force Majeure, Operator shall use all reasonable efforts to attempt to
mitigate the effects of such Force Majeure, including the payment of all reasonable sums of money by or on behalf of Operator, which sums are reasonable given the likely efficacy of the mitigation measures; provided, however that any
reasonable cost or expense incurred, or reasonable sums of money paid, in each case in accordance with the Standard of Care, by Operator in an attempt to mitigate the effects of such Force Majeure shall be charged to Owner and reimbursed to Operator
by Owner (as applicable). Operator shall attempt to continue the performance of the Services, including any reasonable alternative means for performance which are not prevented by Force Majeure, insofar as reasonably practicable and to notify Owner
of the steps it plans to take to mitigate the effects of any Force Majeure. 
  

	9.0	Insurance. 

 9.1 Insurance. Operator shall, at the cost and expense of Owner,
obtain and maintain for itself and for the benefit of Owner, the kinds of insurance and amounts of coverage set forth in Exhibit A. The Operator shall also, as directed by Owner in writing, administer Owner’s insurance in accordance with
Exhibit A hereunder and the LLC Agreement, including (i) procuring and maintaining, at Owner’s expense, any and all insurance policies required to be maintained by Owner, (ii) monitoring compliance with the terms and conditions
of all such insurance policies, (iii) administering claims and obtaining recoveries for and on behalf of Owner under such insurance policies and (iv) facilitating reimbursement 

  
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of reasonable Member insurance premium expenses for such insurance procured in accordance with Section 12.03 of the LLC Agreement. 

9.2 Premiums, Deductibles, etc. All insurance premiums, expenses, deductibles, self-insurance retentions or similar programs applicable
to the insurance required hereunder shall be reimbursed by Owner to Operator. 
  

	10.0	Claims. 

 10.1 Claims. Liabilities and Claims involving Owner and Operator shall
be handled in the following manner: 
  

	 	10.1.1	Liability Claims. Subject to the limitations set forth in Section 3.4, Operator shall manage and process any Claim against Operator or Owner, which arises out of the management, operation, repair or
maintenance of the Facilities, or arises out of or is incidental to the activities carried on or work performed, required or contemplated by this Agreement (each, a “Liability Claim”) in accordance with
Section 10.1.3. 

  

	 	10.1.2	Recovery Claims. Subject to the limitations of Sections 3.4, Operator shall assist Owner with prosecuting and/or settling any Claim which Owner has against one or more Persons that are not Members or
Parties (each, a “Recovery Claim”). 

  

	 	10.1.3	Notice of Claim. In the event that Operator receives any written Liability Claim that exceeds One Million Dollars ($1,000,000), Operator shall provide Owner, within ten (10) days of receipt of such Liability
Claim, a notice that includes a brief written summary of the facts regarding such Liability Claim and a copy of the demand letter, petition, or similar documentation. 

 

	 	10.1.4	Material Adverse Effect. Notwithstanding anything to the contrary in this Agreement, any and all Claims made against Owner or the Facilities which involve a criminal complaint or which more likely than not could
have a material adverse effect on the Business shall be referred to Owner for handling. 

  

	 	10.2	Mutual Release and Indemnification. 

  

	 	10.2.1	 Indemnification by Owner. Notwithstanding anything in this Agreement to the contrary (including, for the avoidance of doubt, any failure by
Operator to act in accordance with the Standard of Care), Owner shall be responsible for, shall pay on a current basis and hereby releases, defends, indemnifies and holds harmless Operator and its Affiliates (other than Owner) and their respective
partners, members, directors, officers, managers and employees (the “Operator Indemnitees”) from and against all Liabilities and Claims arising out of, attributable to, in connection with or incidental to any
act or omission of any Operator Indemnitees in carrying out the Services (including the administration, operation or maintenance of any of the Facilities) or any other activities carried out or work performed or required by this Agreement
INCLUDING AS A RESULT OF THE NEGLIGENCE (WHETHER SOLE, CONCURRENT, ACTIVE OR PASSIVE) AND ANY OTHER LEGAL FAULT, INCLUDING STRICT LIABILITY, OF ANY OPERATOR INDEMNITEES, Owner OR ANY THIRD PARTY; provided,
however, that Owner will not be required to release or indemnify any Operator Indemnitees from any Liabilities or Claims to the extent such Liabilities or Claims; arise 

  
 19 

	 	
out of or in connection with or are attributable or incident to the gross negligence or willful misconduct of any Operator Indemnitee. 

 

	 	10.2.2	Indemnification by Operator. Except as provided in Section 10.2.4, but otherwise notwithstanding anything herein to the contrary, Operator shall be responsible for, shall pay on a current basis and
hereby releases, defends, indemnifies and holds harmless the Owner Indemnitees from and against all Liabilities and Claims to the extent arising out of or in connection with or attributable or incidental to the gross negligence or willful misconduct
of any Operator Indemnitee. 

  

	 	10.2.3	Survival of Indemnification Provisions; No Double Recovery. The provisions of this Section 10.2 shall survive any termination of this Agreement. Notwithstanding anything to the contrary herein,
nothing shall prohibit Operator from pursuing its indemnity rights under this Section 10.2 against Owner for any Liabilities and Claims suffered or incurred by Operator in excess of the insurance coverages required to be maintained by
Owner pursuant to this Agreement. In calculating any amount to be paid by an Indemnifying Party by reason of the provisions of this Section 10.2, the amount shall be reduced by all cash tax benefits and other cash reimbursements
(including net insurance proceeds) actually received (directly or indirectly, including by virtue of the Indemnified Party’s direct or indirect ownership interest in Owner) by the Indemnified Party with respect to the applicable Claim or
Liability. 

  

	 	10.2.4	Recommended Activities. If Operator makes a written recommendation regarding a specific operational issue not caused by the Standard of Care to Owner that has resulted in, or would reasonably be expected to
result in, physical damage or harm to Persons or property or any material adverse effect on Owner, the Business or the Facilities and that would not otherwise constitute an Emergency, and Owner does not approve the recommendation or the method by
which that Operator wishes to implement such recommendation for any reason (a “Recommended Activity”), Operator shall not be liable and Owner hereby releases and defends, indemnifies and holds harmless the
Operator Indemnitees from and against all Liabilities and Claims arising out of, attributable to, in connection with or incidental to Owner’s failure to approve such Recommended Activity, or Operator’s failure to undertake a Recommended
Activity absent Owner’s approval thereof. Owner’S AGREEMENT TO RELEASE AND INDEMNIFY OPERATOR INDEMNITEES PURSUANT TO THIS SECTION 10.2.4 SHALL INCLUDE, WITHOUT LIMITATION, THE NEGLIGENCE (WHETHER SOLE, CONCURRENT, GROSS, ACTIVE OR
PASSIVE) AND WILLFUL MISCONDUCT OF OPERATOR INDEMNITEES, Owner, ANY MEMBER OR ANY OF THEM.) For clarification, this Section 10.2.4 shall apply and Owner hereby agrees to release and to indemnify the Operator Indemnitees even if the
failure to undertake the Recommended Activity would otherwise amount to gross negligence or willful misconduct. 

  

	 	10.2.5	 Disclaimer of Liability. SUBJECT TO THE LAST SENTENCE OF THIS SECTION 10.2.5, BUT OTHERWISE NOTWITHSTANDING ANYTHING TO THE CONTRARY
HEREIN, AS BETWEEN THE PARTIES, A PARTY’S DAMAGES RESULTING FROM A BREACH OR VIOLATION OF ANY COVENANT, AGREEMENT OR CONDITION CONTAINED HEREIN OR ANY ACT OR OMISSION ARISING FROM OR RELATED TO THIS AGREEMENT SHALL BE LIMITED TO ACTUAL DAMAGES
AND NONE OF THE OPERATOR INDEMNITEES OR THE Owner INDEMNITEES SHALL BE ENTITLED TO RECOVER FROM OPERATOR OR Owner OR THEIR 

  
 20 

	 	
RESPECTIVE AFFILIATES ANY INDIRECT, SPECIAL, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY OR PUNITIVE DAMAGES. EACH PARTY EXPRESSLY RELEASES THE OTHER PARTY FROM ALL SUCH CLAIMS FOR DAMAGES OTHER THAN
ACTUAL DAMAGES. IF A PARTY BECOMES OBLIGATED TO PAY A PERSON NOT A PARTY ANY INDIRECT, SPECIAL, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY OR PUNITIVE DAMAGES, AND SUCH PARTY IS ENTITLED TO INDEMNIFICATION UNDER THE TERMS OF THIS AGREEMENT, THEN SUCH
PARTY’S INDEMNIFICATION RIGHT SHALL INCLUDE ALL INDIRECT, SPECIAL, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY AND PUNITIVE DAMAGES IT IS OBLIGATED TO PAY. 

  

	 	10.2.6	Indemnification Procedures. For purposes of this Article 10, the term “Indemnifying Party,” when used in connection with particular Liabilities, shall mean the
party or parties having an obligation to indemnify another party or parties with respect to such Liabilities pursuant to this Article 10, and the term “Indemnified Party,” when used in connection
with particular Liabilities, shall mean the party or parties having the right to be indemnified with respect to such Liabilities by another party or parties pursuant to this Article 10. 

 

	 	(a)	To make a claim for indemnification under Section 10.2.1 or 10.2.2 (as applicable) an Indemnified Party shall notify the Indemnifying Party of its claim under this Section 10.2.6,
including specific details, underlying facts and the specific basis under this Agreement for its claim (the “Claim Notice”). 

  

	 	(b)	In the event that the claim for indemnification is based upon a claim by a Third Party against the Indemnified Party (a “Third-Party Claim”), the Indemnified Party shall provide its Claim Notice
promptly after the Indemnified Party has actual knowledge of the Third-Party Claim and shall enclose a copy of all papers (if any) served with respect to the Third-Party Claim; provided, however, that the failure of any Indemnified
Party to give notice of a Third-Party Claim as provided in this Section 10.2.6 shall not relieve the Indemnifying Party of its obligations under Section 10.2.1 or 10.2.2 (as applicable) except to the extent such
failure results in insufficient time being available to permit the Indemnifying Party to effectively defend against the Third-Party Claim or otherwise prejudices the Indemnifying Party’s ability to defend against the Third-Party Claim.

  

	 	(c)	In the case of a claim for indemnification based upon a Third-Party Claim, the Indemnifying Party shall have thirty (30) days from its receipt of the Claim Notice to notify the Indemnified Party whether it shall
assume the defense of such Third-Party Claim. The Indemnified Party is authorized, prior to and during such thirty (30) day period, to file any motion, answer or other pleading that it shall deem necessary or appropriate to protect its
interests or those of the Indemnifying Party and that is not prejudicial to the Indemnifying Party. 

  

	 	(d)	 If the Indemnifying Party shall have assumed the defense of the Third-Party Claim, the Indemnifying Party shall have full control of such defense and
proceedings, including any compromise or settlement thereof. If requested by the Indemnifying Party, the Indemnified Party shall cooperate in contesting any Third-Party Claim that the Indemnifying Party elects to contest. The Indemnified

  
 21 

	 	
Party may participate in, but not control, any defense or settlement of any Third-Party Claim controlled by the Indemnifying Party pursuant to this Section 10.2.6(d). An Indemnifying
Party shall not, without the written consent of the Indemnified Party, (i) settle any Third-Party Claim or consent to the entry of any judgment with respect thereto that does not include an unconditional release of the Indemnified Party from
all liability in respect of such Third-Party Claim or (ii) settle any Third-Party Claim or consent to the entry of any judgment with respect thereto in any manner that may materially and adversely affect the Indemnified Party (other than as a
result of money damages covered by the indemnity). 

  

	 	(e)	If the Indemnifying Party does not assume the defense of the Third-Party Claim, then the Indemnified Party shall have the right to defend against the Third-Party Claim at the cost and expense of the Indemnifying Party,
with counsel reasonably satisfactory to the Indemnifying Party. Any settlement of the Third-Party Claim shall require the consent of the Indemnifying Party. 

  

	 	10.2.7	Sole Remedy. Other than the removal of Operator as the construction manager and/or operator (as applicable) of the Facilities pursuant to Section 2.3.2(c), the right to receive indemnification from
Operator pursuant to Section 10.2.2 shall be the sole and exclusive remedy of Owner for any breach by Operator of any provision of this Agreement. 

  

	11.0	Confidential Information; Publicity. 

 11.1 Confidential Information. 

11.1.1 The Parties agree that information related to confidential shipper information, pricing, cost data and other commercially or
operationally sensitive information relating to the Business that is typically considered confidential shall be considered “Confidential Information” hereunder, shall be kept confidential and shall not be disclosed during the
term of this Agreement to any Third Party, except (in each of the following cases, to the extent not prohibited by the provisions of Section 15(13) of the Interstate Commerce Act): 

(a) to an Affiliate of Owner or a Member; 

(b) to the extent any Confidential Information is required to be furnished in compliance with applicable Law, or pursuant to any legal
proceedings or because of any order of any Governmental Authority that is binding upon a Party; 
 (c) to prospective or actual attorneys
engaged by any Party where disclosure of such Confidential Information is essential to such attorney’s work for such Party; 
 (d) to
prospective or actual contractors and consultants engaged by any Party where disclosure of such Confidential Information is essential to such contractor’s or consultant’s work for such Party; 

(e) to a bona fide prospective transferee of a Member’s Units to the extent appropriate in order to allow the assessment of such Units
(including a Person with whom a Member and/or its Affiliates are conducting bona fide negotiations directed toward a merger, consolidation or the sale of a majority of its or an Affiliate’s shares), as long as the Member provides ten
(10) days prior written notice to Owner of its intention to share such Confidential Information and the transferee executes 

  
 22 

 
a confidentiality agreement with Owner and Operator containing substantially similar terms and conditions as those set forth in this Section 11.1; 

(f) to a bank or other financial institution to the extent appropriate to a Party arranging for financing; 

(g) to the extent such Confidential Information must be disclosed pursuant to any rules or requirements of any stock exchange having
jurisdiction over a Party or its Affiliates; provided that if such Party desires to disclose Confidential Information in an annual or periodic report to its or its Affiliates’ shareholders and the public and such disclosure is not
required pursuant to any rules or requirements of any stock exchange, then such Party shall comply with Section 11.2; 
 (h) to
its respective employees, subject to each Party taking customary precautions to ensure such Confidential Information is kept confidential; and 

(i) any Confidential Information which, through no fault of or breach of this Agreement by a Party, becomes a part of the public domain. 

11.1.2 Disclosure pursuant to Section 11.1.1(d), 11.1.1(e) or 11.1.1(f) shall not be made unless prior to such
disclosure the disclosing Party has obtained a written undertaking from the recipient to keep the Confidential Information strictly confidential for the term of this Agreement and to use the Confidential Information for the sole purpose described in
Section 11.1.1(d), 11.1.1(e) or 11.1.1(f), whichever is applicable, with respect to such disclosing Party. 

11.1.3 Subject to Section 6.3.4, for the duration of the license granted to Owner, Owner shall keep confidential and not disclose
to any Third Party any of the Operator Intellectual Property that is licensed to Owner by Operator pursuant to Section 6.3.4 (the “Licensed Intellectual Property”), except: 

(a) to the extent such Licensed Intellectual Property is required to be disclosed in compliance with applicable Law, or pursuant to any legal
proceedings or because of any order of any Governmental Authority that is binding upon Owner (provided that (i) Owner shall give written notice to Operator of any such actual or anticipated disclosure requirement as soon as reasonably
possible with sufficient details to allow Operator to contest any such disclosure requirement and (ii) Owner shall take such steps as may be reasonably necessary, upon Operator’s instruction and that are consistent with applicable Law, to
protect the confidentiality of such Licensed Intellectual Property); 
 (b) to prospective or actual attorneys engaged by Owner where
disclosure of such Licensed Intellectual Property is essential to such attorney’s work for Owner; 
 (c) to prospective or actual
contractors and consultants engaged by Owner (including any sublicensee contemplated by Section 6.3.4) where disclosure of such Confidential Information is essential to such contractor’s or consultant’s work for Owner; and 

(d) to a bank or other financial institution to the extent appropriate to a Party arranging for financing. 

11.1.4 Disclosure pursuant to Section 11.1.3(c) or 11.1.3(d) shall not be made unless prior to such disclosure Owner has
obtained a written undertaking from the recipient to keep the Licensed Intellectual Property strictly confidential and to use the Licensed Intellectual Property for the sole purpose described in Section 11.1.3(c) or 11.1.3(d),
whichever is applicable. 

  
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 11.1.5 In connection with the transfer of all or substantially all of the Facilities, Owner shall
cause the assignee or transferee to agree to confidentiality obligations with respect to the Licensed Intellectual Property on substantially the same terms as those set forth in Section 11.1.3 and Section 11.1.4. 

11.2 Publicity. 
 11.2.1
Without reasonable prior notice to the other Party, no Party will issue, or permit any agent or Affiliate of it to issue, any press releases or otherwise make, or cause any agent or Affiliate of it to make, any public statements with respect to this
Agreement, the LLC Agreement, any Confidential Information or the activities contemplated hereby or thereby, except where such release or statement is deemed in good faith by such releasing Party to be required by Law or under the rules and
regulations of a recognized stock exchange on which shares of such Party or any of its Affiliates are listed, and in any case, prior to making any such press release or public statement, such releasing Party shall provide a copy of the proposed
press release or public statement to the other Party reasonably in advance of the proposed release date as necessary to enable such other Party to provide comments on it; provided such other Party must respond with any comments within two
(2) Business Days after its receipt of such proposed press release. 
 11.2.2 Notwithstanding anything to the contrary in
Section 11.1 or 11.2.1, any Party or Affiliate of a Party may disclose information regarding the Business that is not Confidential Information in investor presentations, industry conference presentations or similar disclosures. If
a Member wishes to disclose any Confidential Information in investor presentations, industry conference presentations or similar disclosures, such Member must first (i) provide the other Party with a copy of that portion of the presentation or
other disclosure document containing such Confidential Information and (ii) obtain the prior written consent of the other Party to such disclosure (which consent may not be unreasonably withheld, conditioned or delayed). 

11.2.3 Notwithstanding anything to the contrary in Section 11.1 or 11.2.1, (a) in the event of any Emergency
endangering property, lives or the environment or (b) Operator may issue such press releases or public announcements as it deems necessary in light of the circumstances and shall promptly provide Owner with a copy of any such press release or
announcement. 
  

	12.0	General Provisions. 

 12.1 Notices. All notices and communications required or
permitted to be given hereunder shall be sufficient in all respects (a) if given in writing and delivered personally, (b) if sent by overnight courier, (c) if mailed by U.S. Express Mail or by certified or registered United States
Mail (return receipt requested) with all postage fully prepaid or (d) sent by facsimile transmission (provided any such facsimile transmission is confirmed either orally or by written confirmation) and, in each case,
addressed to the appropriate Party hereto at the address for such Party shown below or at such other address as such Party shall have theretofore designated by written notice delivered to the Party giving such notice: 

Operator: 
 Enbridge (U.S.) Inc.

 1100 Louisiana, Suite 3300 

Houston, TX 77002 
 Attention: E.
Chris Kaitson, Vice President - Law, Deputy General Counsel 

  
 24 

 Owner: 

North Dakota Pipeline Company LLC 

1100 Louisiana, Suite 3300 

Houston, TX 77002 
 Attention: E.
Chris Kaitson, Vice President—Law, Deputy General Counsel 
 With a copy to: 

539 South Main Street 
 Findlay,
Ohio 45840 
 Attn: General Counsel 

With a copy to: 
 Jones Day 

717 Texas Avenue, Suite 3300 

Houston, Texas 77002 
 Attn:
Jeffrey A. Schlegel, Esq. 
 12.2 Governing Law. THIS AGREEMENT AND THE LEGAL RELATIONS AMONG THE PARTIES SHALL BE GOVERNED AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, EXCLUDING ANY CONFLICTS OF LAW RULE OR PRINCIPLE THAT MIGHT REFER CONSTRUCTION OF SUCH PROVISIONS TO THE LAWS OF ANOTHER JURISDICTION. IN RESPECT OF ANY ACTION OR PROCEEDING ARISING OUT OF
OR RELATING TO THIS AGREEMENT, EACH OF THE PARTIES CONSENTS TO THE EXCLUSIVE JURISDICTION AND VENUE OF ANY FEDERAL OR STATE COURT LOCATED WITHIN HARRIS COUNTY, TEXAS, WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS UPON SUCH PARTY, CONSENTS THAT ALL
SUCH SERVICE OF PROCESS MAY BE MADE BY FIRST CLASS REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, RETURN RECEIPT REQUESTED, DIRECTED TO SUCH AT THE ADDRESS SPECIFIED PURSUANT TO SECTION 12.1, AGREES THAT SERVICE SO MADE SHALL BE DEEMED
TO BE COMPLETED UPON ACTUAL RECEIPT THEREOF, AND WAIVES ANY OBJECTION TO JURISDICTION OR VENUE OF, AND WAIVES ANY MOTION TO TRANSFER VENUE FROM, ANY OF THE AFORESAID COURTS. 

12.3 Waiver of Jury Trial. EACH PARTY TO THIS AGREEMENT HEREBY KNOWINGLY AND VOLUNTARILY WAIVES TRIAL BY JURY IN ANY LITIGATION IN ANY
COURT WITH RESPECT TO, IN CONNECTION WITH, OR ARISING OUT OF THIS AGREEMENT OR ANY ANCILLARY AGREEMENT OR THE VALIDITY, PROTECTION, INTERPRETATION, COLLECTION OR ENFORCEMENT THEREOF. 

12.4 Dispute Resolution. Claims and controversies arising out of or relating to this Agreement shall be determined and resolved in
accordance with the following procedures: 
 12.4.1 Any Claim arising out of or relating to this Agreement, including the meaning of
its provisions, or the proper performance of any of its terms, its breach, termination or invalidity (each, a “Dispute”) shall be resolved in accordance with the procedures specified in this Section 12.4, which
until the completion of the procedures set forth in Section 12.4.3 shall be the sole and exclusive procedure for the resolution of any such Dispute, except that any Party, without prejudice to the following procedures, may file a
complaint to seek preliminary injunctive or other provisional judicial relief, if in its sole 

  
 25 

 
judgment that action is necessary to avoid irreparable damage or to preserve the status quo. Despite that action the Parties shall continue to participate in good faith in the procedures
specified in this Section 12.4. 
 12.4.2 Any Party wishing to initiate the dispute resolution procedures set forth in this
Section 12.4 with respect to a Dispute not resolved in the ordinary course of business must give written notice of the Dispute to the other Party (a “Dispute Notice”). The Dispute Notice shall include (i) a
statement of that Party’s position and a summary of arguments supporting that position, and (ii) the name and title of the executive who will represent that Party and of any other Person who will accompany the executive in the negotiations
under Section 12.4.3. 
 12.4.3 If any Party has given a Dispute Notice under Section 12.4.2, the Parties shall attempt in
good faith to resolve the Dispute within 30 days of the delivery of the Dispute Notice (such period, the “Negotiation Period”) by negotiations between executives who have authority to settle the Dispute and who are at a
Senior Vice President or higher level of management than the Persons with direct responsibility for administration of this Agreement or the matter in Dispute. Within 15 days after delivery of the Dispute Notice, the receiving Party shall submit to
the other a written response. The response shall include (i) a statement of that Party’s position and a summary of arguments supporting that position and (ii) the name and title of the executive who will represent that Party and of
any other Person who will accompany the executive. During the Negotiation Period, such executives of the Parties shall meet at least weekly, at a mutually acceptable time and place, and thereafter during the Negotiation Period as more often as they
reasonably deem necessary, to attempt to resolve the Dispute. 
 12.4.4 All applicable statutes of limitation and defenses based upon the
passage of time shall be tolled while the procedures specified in Section 12.4.3 are pending. The Parties shall take any action required to effectuate that tolling. Each Party is required to continue to perform its obligations under this
Agreement pending completion of the procedures set forth in Section 12.4.3, unless to do so would be impossible or impracticable under the circumstances. 

12.4.5 Any Dispute that cannot be resolved during the Negotiation Period may, at the option of any Party hereto, be resolved and decided by the
Federal or State courts located in Harris County, Texas. The Parties hereby irrevocably waive, to the fullest extent permitted by applicable Law, any objection which they may now or hereafter have to the laying of venue of any such Dispute brought
in such courts or any defense of inconvenient forum for the maintenance of such Dispute. Each of the Parties hereto agrees that a judgment in any such Dispute may be enforced in other jurisdictions by suit on the judgment or in any other manner
provided by Law. This consent to jurisdiction is being given solely for purposes of this Agreement and is not intended to, and shall not, confer consent to jurisdiction with respect to any other dispute in which a Party to this Agreement may become
involved. Each of the Parties hereto hereby consents to process being served by any Party to this Agreement in any suit, action, proceeding or counterclaim of the nature specified in this Section 12.4.5 by the mailing of a copy thereof
in the manner specified by the provisions of Section 12.1. EACH OF THE PARTIES HERETO HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY. 
 12.5 Entirety of Agreement. THIS AGREEMENT AND THE LLC AGREEMENT CONSTITUTE THE ENTIRE
AGREEMENT BETWEEN THE PARTIES REGARDING THE DESIGN, CONSTRUCTION, PROCUREMENT, OPERATION AND MAINTENANCE OF THE FACILITIES, AND SUPERSEDE ALL OTHER PRIOR AND CONTEMPORANEOUS AGREEMENTS, WHETHER WRITTEN OR ORAL, BETWEEN THE PARTIES AND RELATED
THERETO. NO VARIATION, MODIFICATION OR CHANGE SHALL BE BINDING UPON A  

  
 26 

 
PARTY UNLESS EFFECTUATED BY AN INSTRUMENT IN WRITING EXECUTED BY A DULY AUTHORIZED OFFICER OR A DULY AUTHORIZED AGENT FOR IT. 

12.6 Captions or Headings. The headings appearing at the beginning of each Section are all inserted and included solely for convenience
and shall never be considered or given any effect in construing this Agreement, or any provision or provisions hereof, or in connection with determining the duties, obligations or liabilities of the Parties or in ascertaining intent, if any question
of intent should arise. 
 12.7 Assignment. This Agreement and its attendant rights may not be assigned, transferred,
subcontracted or otherwise conveyed by either Party without the express written consent of the other Party; provided, however, a Party may assign its rights and obligations under this Agreement to an
Affiliate with the prior consent of the other Party, which consent shall not be unreasonably withheld. Any such assignment without consent shall be void. 

12.8 Duplicate Originals. This Agreement is executed in duplicate originals, with one (1) original to be retained by Operator and
one (1) original to be retained by Owner. 
 12.9 No Third Party Beneficiary. Except as provided in
Section 10.2, this Agreement shall be binding solely upon, be enforceable solely by, and inure solely to the benefit of, each Party and its permitted successors and assigns, and nothing in this Agreement (express or implied) is intended
to confer upon any other Person any rights or remedies of any nature whatsoever under or by reason of this Agreement. 
 12.10
Severability. If any provision of this Agreement or the application thereof to any Person or circumstances shall be invalid or unenforceable to any extent, and such invalidity or unenforceability does not destroy the basis of the bargain between
the Parties, then the remainder of this Agreement and the application of such provisions to other Persons or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by Law. 

12.11 Waiver. No consent or waiver, express or implied, by any Party of any breach or default by any other Party in the performance by
the other Party of his, her or its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such other Party of the same or any other obligation hereunder. Failure on the
part of any Party to complain of any act or to declare any other Party in default, regardless of how long such failure continues, shall not constitute a waiver of rights hereunder. 

12.12 Successors and Assigns. Except as otherwise specifically provided herein, this Agreement shall be binding upon and inure to the
benefit of each Party and its respective permitted successors and assigns. 
 12.13 Exhibits. In the event of any conflict
between the terms and conditions of this Agreement and the terms and conditions of any Exhibit, the terms and conditions of this Agreement shall govern and control. 

12.14 Joint Efforts. This Agreement will be considered for all purposes as prepared through the joint efforts of the Parties, and will
not be construed against one Party or the other as a result of the preparation, submittal or other event of negotiation, drafting or execution of the Agreement. 

12.15 Counterparts. This Agreement may be executed in any number of counterparts (including by facsimile or .pdf attachment containing
the applicable signature(s)) with the same effect as  

  
 27 

 
if all signing parties had signed the same document. All counterparts shall be construed together and constitute the same instrument. 

Remainder of page intentionally left blank. 

  
 28 

 IN WITNESS WHEREOF, the undersigned have duly executed this Agreement as of the Effective
Date. 
  

			
	OPERATOR
	
	Enbridge (U.S.) Inc.
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	Owner
	
	North Dakota Pipeline Company LLC
		
	By:	 	 
	Name:	 	
	Title:	 	

 Signature Page to 

Operating and Construction Management Agreement 

 EXHIBIT A 

INSURANCE 
 Without
limiting any of the obligations and liabilities of either Party at law or in equity, the Parties shall carry, or cause to be carried and maintained for the duration of this Agreement, the insurance outlined in this Exhibit A and any
additional insurance as may be required by applicable Law or as may be otherwise mutually agreed upon by the Management Committee and Operator from time to time: 
  

	1.0	Operator’s Insurance. 

  

	 	1.1	Statutory Worker’s Compensation in accordance with all applicable statutory requirements of the state(s) in which the work is performed, in all state(s) where employees are domiciled or reside, including
Alternate Employers Endorsement and shall waive insurers rights of recovery or subrogation against Owner and its Affiliates. 

  

	 	1.2	Employer’s Liability Insurance with a limit of One Million Dollars ($1,000,000) each accident, One Million Dollars ($1,000,000) by disease each employee, and One Million Dollars ($1,000,000) by disease
policy limit. Such insurance shall include a waiver of insurers right of recovery or subrogation against Owner and its Affiliates and shall add Owner and its Affiliates as additional insureds. 

 

	 	1.3	Automobile Liability Insurance covering all licensed motor vehicles or snowcraft and all-terrain vehicles, which are owned, non-owned, leased or operated by Operator and used in connection with this Agreement
with an inclusive bodily injury, death and property damage limit of Two Million Dollars ($2,000,000) per accident. Such insurance shall include a waiver of insurers right of recovery or subrogation against Owner and its Affiliates and shall add
Owner and its Affiliates as additional insureds. 

  

	 	1.4	Operator shall provide to Owner within thirty (30) days of the commencement of this Agreement and upon annual renewal thereafter, evidence of compliance with this Exhibit in the form of certificates of
insurance. 

  

	2.0	Owner’s Insurance. 

  

	 	2.1	Construction Insurance for Sandpiper Facilities. Commencing with, and during the term of construction for the Sandpiper Facilities, Owner shall direct Operator to obtain and maintain construction-specific
insurance in such limits and with such extensions as would be maintained by reasonable and prudent Operators during similar construction activities, including: 

  

	 	2.1.1	 Construction Liability Insurance with a limit to be reasonably determined by Operator, but in any case not less than Fifty Million Dollars
($50,000,000) for each occurrence or accident, including property damage, bodily injury (including death at any time resulting therefrom) and personal injuries sustained by any Third Party because of bodily injury or destruction of property arising
from construction activities. Such coverage shall include, but not be limited to Non-owned Automobile Liability, Contractual Liability and Sudden and Accidental Pollution Liability. Coverage shall extend to include Owner, Operator, contractors and
subcontractors as additional insureds, in connection with the work and shall waive subrogation against such additional insureds. The policy shall provide for coverage during the term of construction, and include products

  
 Exhibit A-1 

	 	
and completed operations coverage for a period not less than twenty-four (24) months following commissioning of the Sandpiper Facilities. 

 

	 	2.1.2	Course of Construction Insurance with a limit to be reasonably determined by Operator, but in any case not less than Fifty Million Dollars ($50,000,000) for work being performed in respect of the Sandpiper Facilities,
which shall cover all risks of physical loss or damage to the Sandpiper Facilities or the work being performed in respect thereto, including all machinery, materials and supplies at the site of such work, in transit thereto and intended to become a
part of the finished work, or on site awaiting erection or installation, testing or final acceptance by Operator. 

  

	 	2.1.3	Any other insurance reasonably determined to be necessary by Operator. 

  

	 	2.2	Construction Insurance. During the term of any construction activities, as applicable, Owner shall direct Operator to obtain construction-specific insurance in such limits and with such extensions as would be
maintained by reasonable and prudent Operators during similar construction activities. At a minimum, such insurance shall include Construction Liability Insurance for a minimum limit of Ten Million Dollars ($10,000,000) for each occurrence or
accident, including property damage, bodily injury (including death at any time resulting therefrom) and personal injuries sustained by any Third Party because of bodily injury or destruction of property arising from construction activities. Such
coverage shall include, but not be limited to Non-owned Automobile Liability, Contractual Liability, and Sudden and Accidental Pollution Liability. Coverage shall extend to include Owner, Operator, contractors and subcontractors as additional
insureds, in connection with the work and shall waive subrogation against such additional insureds. The policy shall provide for coverage during the term of construction, and include products and completed operations coverage for a period not less
than twenty-four (24) months following commissioning of the Facility. 

  

	 	2.3	Operational Insurance. Commencing at the Sandpiper Project In-Service Date, Owner shall maintain the following insurance: 

  

	 	2.3.1	Commercial General Liability Insurance with an inclusive bodily injury, death, and property damage limit of Two Million Dollars ($2,000,000) per occurrence. This policy shall include coverage for products and completed
operations, railroad liability, severability of interests and cross liability and shall include contractual liability addressing indemnification under this Agreement. The policy shall include Operator as named insured and shall waive all rights of
subrogation or recovery against Operator. 

  

	 	2.3.2	Umbrella Liability Insurance written on a “Following Form” basis and providing coverage excess of operational insurance for Employer’s Liability, Worker’s Compensation, Automobile Liability and
Commercial General Liability required under this Exhibit, with a combined single maximum limit of Three Million Dollars ($3,000,000) per occurrence and in aggregate. 

 

	 	2.3.3	Any other insurance as determined by the Management Committee. 

  
 Exhibit A-2 

	3.0	The insurance maintained pursuant to this Exhibit shall: 

  

	 	3.1	be with insurance companies authorized to do business in the state(s) where activities under the Agreement will occur and shall be rated at least A-VII by AM Best or A by Standard & Poors;

  

	 	3.2	be endorsed to show, or shall otherwise contain language that such insurance will be primary to and not contributory with any other insurance available to Operator and its Affiliates, Owner and its Affiliates and
Members. In the case of construction activities, any construction insurance obtained and maintained under this Agreement shall be endorsed to be primary with respect to any other insurance available to Owner, Operator, Members and their Affiliates;

  

	 	3.3	provide thirty (30) days’ advance notice of cancellation to Owner and Operator; and 

  

	 	3.4	include a provision that such policy shall survive the default or bankruptcy of the insured for claims arising out of an event before such default or bankruptcy. 

 

	4.0	The Management Committee may consent to alter or waive certain insurance requirements in this Exhibit. In the event that any insurance described within this Exhibit other than insurance required by Applicable
Law, shall in Operator’s reasonable opinion be unavailable on commercially reasonable terms, then Operator shall promptly notify Owner; however, subject to Management Committee approval, the Parties will remain obligated to maintain such
insurance up to the level, if any, at which such insurance can be maintained on commercially reasonable terms in the commercial insurance market for similar Facilities. 

 

	5.0	Operator shall ensure that the insurance required hereunder be obtained on, and shall include terms and conditions which are, in Operator’s reasonable opinion, the best available from the marketplace on
reasonable terms and ordinary or appropriate. Operator shall obtain the prior approval and direction of the Management Committee with respect to Owner’s insurance, including annual renewals thereof. 

 

	6.0	If Operator makes any payments with respect to any losses, damages, claims or liabilities arising out of this Agreement which are covered by insurance policies maintained hereunder with the approval of the
insurers thereof such payments shall be reimbursed by Owner to Operator. 

  

	7.0	Operator and Owner shall cooperate and shall provide each other with such assistance and materials as is required to support the placement of insurance and to substantiate such damages or losses for the purposes
of claim recoveries sought under insurance coverage required by this Exhibit or any applicable Member insurance. 

  
 Exhibit A-3 

 EXHIBIT B 

INITIAL BUDGET 
 [See
Attached] 

  
 Exhibit B-1 

 EPND 
  

																	
	 	  	Budget
December
2013	 	 	Budget
Annual 
2014	 	  	Budget
Annual 
2015	 	  	Budget
Annual 
2016	 
	 Power
	  	 	3,045,044	  	 	 	18,948,029	  	  	 	30,761,925	  	  	 	29,104,719	  
	 Human Resources
	  	 	33,830	  	 	 	694,955	  	  	 	715,804	  	  	 	542,312	  
	 Materials & Supplies Purchased
	  	 	93,470	  	 	 	1,963,300	  	  	 	1,874,574	  	  	 	1,910,690	  
	 Outside Contract Services
	  	 	685,884	  	 	 	8,561,885	  	  	 	8,403,344	  	  	 	6,702,541	  
	 Outside Services
	  	 	1,128,692	  	 	 	14,246,897	  	  	 	16,986,726	  	  	 	18,308,125	  
	 Repairs & Maintenance
	  	 	151,186	  	 	 	13,233,645	  	  	 	5,930,419	  	  	 	4,520,746	  
	 Rents & Leases
	  	 	87,079	  	 	 	1,461,236	  	  	 	2,000,000	  	  	 	1,509,551	  
	 Insurance
	  	 	97,005	  	 	 	1,444,812	  	  	 	1,237,570	  	  	 	1,262,866	  
	 Property & Business Tax
	  	 	494,357	  	 	 	5,927,871	  	  	 	11,515,132	  	  	 	10,149,727	  
	 Allocations
	  	 	1,975,794	  	 	 	25,207,464	  	  	 	29,058,422	  	  	 	32,010,970	  
	 Inventory Adjustments
	  	 	501,075	  	 	 	5,296,611	  	  	 	6,408,334	  	  	 	5,375,887	  
	 Other O&A Expense
	  	 	(16,886	) 	 	 	1,966,780	  	  	 	1,424,290	  	  	 	2,456,214	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Operating Expenses
	  	 	8,276,531	  	 	 	98,953,485	  	  	 	116,316,538	  	  	 	113,854,349	  
					
	 Maintenance Capital
	  	 	933,846	  	 	 	13,947,947	  	  	 	16,334,516	  	  	 	14,571,821	  
	 Integrity Capital
	  	 	894,800	  	 	 	65,918,200	  	  	 	8,345,937	  	  	 	5,117,378	  
		  	  
	  
	 	 	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total
	  	 	1,828,646	  	 	 	79,866,147	  	  	 	24,680,453	  	  	 	19,689,199	  

 EXHIBIT C  

FORM OF GUARANTY 

[See Attached] 

  
 EXHIBIT
C  

 Marathon Petroleum Corporation 

Guaranty 
 GUARANTY
effective as of             , 2013 by Marathon Petroleum Corporation, a Delaware corporation (the “Guarantor”) in favor of North Dakota Pipeline Company LLC, a Delaware
limited liability company (the “Creditor”). 
 For value received and in consideration of the mutual covenants, rights and
obligations as between Creditor and Williston Basin Pipe Line LLC, a Delaware limited liability company (the “Guaranteed Party”), pursuant to the Amended and Restated Limited Liability Company Agreement of Creditor, dated
            (the “Agreement”), Guarantor agrees as follows: 
  

	1.	Guaranty. Subject to the terms herein, Guarantor unconditionally and irrevocably guarantees to Creditor, its successors and permitted assigns, the prompt payment when due of all capital contributions
payable by Guaranteed Party in accordance with the terms of Section 5.02(b) and 5.02(c)(z) of the Agreement and any amendments thereto (collectively, the “Obligations”). The aggregate amount of Obligations guaranteed under this
Guaranty by Guarantor shall not exceed one billion two hundred twenty million ($US 1,220,000,000) U.S. dollars. This is a guarantee of payment and not of collection. If Guaranteed Party fails to pay any Obligation, Guarantor will pay such Obligation
directly to Creditor promptly upon Creditor’s demand in accordance with the provisions of this Guaranty. 

  

	2.	Expenses and Currency. Guarantor agrees to pay all out-of-pocket expenses, including reasonable attorneys’ fees and court costs, incurred by Creditor in any litigation, arbitration or proceeding to
enforce its rights under this Guaranty, but only to the extent that the Guarantor is found in such litigation, arbitration or proceeding to be in default or in breach of the terms of this Guaranty. The Guarantor shall make payment of each Obligation
in the currency (the “Contract Currency”) in which the Guaranteed Party is required to pay that Obligation. If the Guarantor makes payment of any Obligation to the Creditor in a currency (the “Other Currency”) other
than the Contract Currency (whether voluntarily or pursuant to an order or judgment of a court or tribunal of any jurisdiction), such payment shall constitute a discharge only to the extent of the amount of the Contract Currency that the Creditor is
able to purchase with such payment on the date of receipt in accordance with normal commercial practice. 

  

	3.	Limitations. The liability of Guarantor under this Guaranty shall be and is specifically limited to payments expressly required to be made in accordance with the Agreement and any out-of-pocket expenses
payable pursuant to Section 2 of this Guaranty. EXCEPT TO THE EXTENT SPECIFICALLY PROVIDED UNDER THE TERMS OF THE AGREEMENT, GUARANTOR SHALL NOT BE LIABLE HEREUNDER FOR, CONSEQUENTIAL, EXEMPLARY, LOSS OF PROFITS, PUNITIVE, TORT OR ANY OTHER
DAMAGES OR COSTS. 

  

	4.	Term. This Guaranty will remain in full force and effect until: (i) all Obligations of Guaranteed Party have been fully satisfied or extinguished, or (ii) such time Counterparty consents in
writing to the termination of the Guaranty. Notwithstanding the foregoing, in the event of a termination of the Agreement, such termination shall not affect or limit in any way the Guarantor’s liability for the Obligations to the extent that
they accrue prior to or in connection with such termination. 

  

	5.	 Nature of Guaranty. Guarantor’s obligations with respect to any Obligation are absolute and will not be affected by (1) the
existence, validity, enforceability, perfection, or extent of any collateral for such Obligations, (2) any change in the name, ownership, objects, capital, constating documents or by-laws of the Guaranteed Party, or (3) any amalgamation,
sale, merger or re-organization of the Guaranteed Party. If any payment to Creditor for any Obligation is rescinded or must otherwise be returned for any reason, Guarantor will remain liable hereunder for such Obligation as if such payment had not
been made. The Guarantor hereby waives all suretyship defenses of every kind and all payments required hereunder shall be made in accordance with the terms hereof. Notwithstanding the foregoing, in any action or demand for payment under this
Guaranty, Guarantor reserves the right to assert all rights, counterclaims and defenses that Guaranteed Party may have against the payment of any Obligation, other than defenses (1)

  
 Page 1 

	 	
arising from the bankruptcy, insolvency, incapacity, dissolution or liquidation of Guaranteed Party, (2) expressly waived in this Guarantee, (3) arising from the lack of due
authorization, execution or delivery by the Guaranteed Party of the Agreement, and (4) previously asserted by the Guaranteed Party and successfully and finally resolved in favor of the Creditor by a court of competent jurisdiction and last
resort. 

  

	6.	Consents, Waivers and Renewals. Guarantor agrees that Creditor may, without giving notice to or obtaining the consent of the Guarantor, enter into agreements and transactions with the Guaranteed Party,
amend or modify agreements with the Guaranteed Party, settle or compromise any of the Obligations, grant extensions of time and other indulgences, take and give up securities, accept compositions, grant releases and discharges, whether full,
partial, conditional or otherwise, perfect or fail to perfect any securities, release any undertaking, property or assets charged by any securities to third parties and otherwise deal or fail to deal with the Guaranteed Party and others (including,
without limitation, any other guarantors) and securities, hold moneys received from the Guaranteed Party and others or from any securities unappropriated, apply such moneys against part of the Obligations and change any such application in whole or
in part from time to time, all as the Creditor may see fit, without prejudice to or in any way discharging or diminishing the liability of the Guarantor under this Guaranty, in each case, except to the extent that the same constitutes a discharge or
release, whether full, partial, conditional or otherwise, of the Obligations to the Guaranteed Party. Creditor may resort to Guarantor for payment of any of the Obligations whether or not Creditor has previously resorted to any collateral security
or proceeded against any other obligor principally or secondarily obligated for any of the Obligations. Guarantor hereby waives notice of acceptance of this Guaranty, and also presentment, protest and notice of protest or dishonor of any evidences
of indebtedness guaranteed hereunder. 

  

	7.	Demands and Notice. If Guaranteed Party fails to pay any Obligations, and Creditor elects to exercise its rights under this Guaranty, Creditor shall make a written demand on Guarantor (a “Payment
Demand”). A Payment Demand shall identify the Agreement under which demand is being made and identify the amount, that the amount is unpaid and that any applicable cure period has expired, and shall contain a statement that Creditor is calling
upon Guarantor under this Guaranty. A Payment Demand conforming to the foregoing requirements will be sufficient notice to Guarantor to pay under this Guaranty. Notices under this Guaranty will be deemed received if sent to the address specified
below: (i) on the day received if sent by overnight express delivery, (ii) on the next business day if served by fax when sender has machine confirmation that the fax was transmitted to the correct fax number listed below, (iii) four
business days after mailing if sent by certified, first-class mail, return-receipt requested. Any party may change its address to which notice is to be given hereunder by providing notice of same in accordance with this section. 

 

			
	To Guarantor:	  	Marathon Petroleum Corporation
		  	Attn: Commercial Credit Manager – Room 1014-M
		  	539 S. Main St.
		  	Findlay, OH 45840
		
		  	Phone: 419-421-2172 Fax: 419-421-3153
		
	To Creditor:	  	Enbridge Pipelines (North Dakota) LLC
		  	c/o Enbridge Inc.
		  	Attn: Credit Manager
		  	3000, 425 – 1st Street S.W.
		  	Calgary, AB T2P 3L8

  

	8.	 Representations and Warranties. Guarantor hereby represents and warrants that (i) it is a corporation duly organized, validly
existing and in good standing under the laws of Delaware, (ii) the execution, delivery and performance by Guarantor of this Guaranty have been duly 

  
 Page 2 

	 	
authorized by all necessary corporate action and do not violate Guarantor’s charter or by-laws, and (iii) this Guaranty constitutes the legal, valid and binding obligation of Guarantor,
enforceable against it in accordance with its terms (except as enforceability may be limited by bankruptcy, insolvency, and other similar laws affecting enforcement of creditors’ rights in general and general principles of equity).

  

	9.	Miscellaneous. Neither the Guarantor nor the Creditor may assign this Guaranty nor delegate its rights, interest or Obligations without the prior written consent of the other party. This Guaranty
constitutes the entire agreement between the parties hereto and supersedes and replaces any previous guaranty delivered by Guarantor to Creditor for the benefit of the Guaranteed Party with respect to the Obligations outlined herein. THIS
GUARANTY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE. Each of the Guarantor and the Creditor irrevocably submits to the exclusive jurisdiction of the courts of Delaware in any action or proceeding
arising out of or relating to this Guarantee and waives any objection to such jurisdiction on the grounds that it is an inconvenient forum or any similar grounds. The Guarantor consents to the service of process in any action or proceeding relating
to this Guarantee by Notice to the Guarantor in accordance with the provisions of Section 7 hereof. 

 [SIGNATURE ON
FOLLOWING PAGE] 

  
 Page 3 

 This Guaranty is executed by Guarantor’s duly authorized representative effective as of the date first
written above. 
  

			
	MARATHON PETROLEUM CORPORATION
		
	By:	 	  

		 	Timothy T. Griffith
		 	Vice President of Finance and Treasurer

  

			
	ACCEPTED AND AGREED TO BY:
	
	ENBRIDGE PIPELINES (NORTH DAKOTA) LLC
		
	By:	 	  

	Name:
	Title:

  
 Page 4 

 EXHIBIT D 

MANAGEMENT COMMITTEE AND OFFICERS 

Management Committee 
 Enbridge Designees 

Paul Fisher 
 Andrew Harrington

 Williston Designees 
 David M. Murphy

 Craig O. Pierson 
 Officers 

  
 EXHIBIT
D 

 EXHIBIT E 

FORM OF ADDENDUM AGREEMENT 

[See Attached] 

  
 EXHIBIT
E 

 EXHIBIT E 

ADDENDUM AGREEMENT 
 This
Addendum Agreement is made this             day of             , 20    , by and between
            (the “Recipient”) and North Dakota Pipeline Company LLC, a Delaware limited liability company (the “Company”), pursuant to the
terms of the Amended and Restated Limited Liability Company Agreement of the Company dated as of November [—], 2013, including all exhibits and schedules thereto (as amended, supplemented and
restated from time to time, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Agreement. 

WITNESSETH: 
 WHEREAS, the
Company and the Members entered into the Agreement to impose certain restrictions and obligations upon themselves, and to provide certain rights, with respect to the Company and its Units; and 

WHEREAS, the Company and the Members have required in the Agreement that all Persons to whom Units of the Company are issued or transferred
must enter into an Addendum Agreement binding such Persons to the Agreement to the same extent as if they were original parties thereto and imposing the same restrictions and obligations on such Persons and the Units to be acquired by such Persons
as are imposed upon the Members under the Agreement; 
 NOW, THEREFORE, in consideration of the mutual promises of the parties and as a
condition of the purchase or receipt by the Recipient of the Units, the Recipient acknowledges and agrees as follows: 
 1. The Recipient has
received and read the Agreement and acknowledges that the Recipient is acquiring Class [    ] Units subject to the terms and conditions of the Agreement. 

2. The Recipient agrees that the Units acquired or to be acquired by the Recipient are bound by and subject to all of the terms and conditions
of the Agreement, and hereby joins in, and agrees to be bound by, and shall have the benefit of, all of the terms and conditions of the Agreement to the same extent as if the Recipient were an original party to the Agreement and shall assume all
obligations of a Member under the Agreement; provided, however, that the Recipient’s joinder in the Agreement shall not constitute admission of the Recipient as a Member unless and until the Recipient is duly admitted as a Member in
accordance with the terms of the Agreement. This Addendum Agreement shall be attached to and become a part of the Agreement. 
 3. The
Recipient hereby represents and warrants, with respect to the Recipient, as of the date hereof to the Company and the Members the matters set forth in Article III of the Agreement. 

4. Any notice required as permitted by the Agreement shall be given to the Recipient at the address listed beneath the Recipient’s
signature below. 

  
 NORTH
DAKOTA PIPELINE COMPANY LLC 
 AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT 
 EXHIBIT E-1 

 5. The Recipient is acquiring [    ] number of Class
[    ] Units for $[    ] per Unit. 
 6. Neither this Addendum Agreement nor any of the rights,
interests, or obligations of the Recipient hereunder may be assigned by the Recipient unless such assignment is in accordance with the terms and provisions of the Agreement. 

7. THIS ADDENDUM AGREEMENT IS GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO THE
CONFLICTS OF LAW PRINCIPLES OF SUCH JURISDICTION. 
 8. EACH OF THE PARTIES HERETO HEREBY KNOWINGLY AND VOLUNTARILY IRREVOCABLY WAIVES ALL
RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS ADDENDUM AGREEMENT. 
 [Signature
Page Follows] 

  
 NORTH
DAKOTA PIPELINE COMPANY LLC 
 AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT 
 EXHIBIT E-2 

 IN WITNESS WHEREOF, the undersigned has executed this Addendum Agreement on the date first set
forth above, with the Recipient being admitted as a Member as of such date: 
  

	
	  
 Recipient

	
	Address for notice purposes in accordance with the Agreement:
	
	  

	  

 AGREED TO on behalf of the Members of the Company. 

 

			
	NORTH DAKOTA PIPELINE COMPANY LLC
		
	By:	 	 
	Name:
	Title:

  
 NORTH
DAKOTA PIPELINE COMPANY LLC 
 AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT 
 EXHIBIT E-3 

 EXHIBIT F 

SANDPIPER PROJECT SPEND PROFILE 

[See Attached] 

  
 EXHIBIT
F 

 Sandpiper Spend Profile by Yearly Quarter 

 

									
	 	  	TOTAL ESTIMATED
SPEND*	 	  	37.5% OF
TOTAL	 
	 Q3-2013
	  	$	25,475,691	  	  	$	9,553,384	  
	 Q4-2013
	  	$	37,507,939	  	  	$	14,065,477	  
	 Q1-2014
	  	$	39,302,473	  	  	$	14,738,427	  
	 Q2-2014
	  	$	82,146,830	  	  	$	30,805,061	  
	 Q3-2014
	  	$	310,913,725	  	  	$	116,592,647	  
	 Q4-2014
	  	$	235,709,359	  	  	$	88,391,010	  
	 Q1-2015
	  	$	55,649,905	  	  	$	20,868,714	  
	 Q2-2015
	  	$	190,863,050	  	  	$	71,573,644	  
	 Q3-2015
	  	$	665,393,368	  	  	$	249,522,513	  
	 Q4-2015
	  	$	510,270,968	  	  	$	191,351,613	  
	 Q1-2016
	  	$	200,155,116	  	  	$	75,058,169	  
	 Q2-2016
	  	$	26,462,468	  	  	$	9,923,425	  
	 Q3-2016
	  	$	62,659,108	  	  	$	23,497,166	  
	 Q4-2016
	  	$	0	  	  	$	0	  

  

	*	Call Notices to be issued quarterly in advance except as provided in the Agreement. 

 SCHEDULE I 

GROWTH CAPITAL PROJECTS 
 Plaza Makoti
Pipeline (Stanley Deliveries) 
 Enbridge has been in negotiations with the MHA Nation to reactivate and reverse the flow of the idle 6” Plaza
pipeline and extend it 4 miles providing 20,000 bpd to their proposed Makoti Refinery operated by their Thunder Butte Petroleum Services Company. This project will allow MHA Nation royalty crude produced on the Fort Berthold Indian Reservation to
feed their Makoti Refinery once the refinery becomes operational in mid-2015. An origination pump station with associated facilities will be installed at the EPND Stanley Terminal and Delivery facilities will be installed at the Makoti refinery
site, including custody transfer & pressure control capabilities prior to the delivery. 
 Western Expansion 

Production from Western MacKenzie and Williams Counties located adjacent to the Company’s Alexander, Trenton and Little Muddy Stations is expected to see
significant growth over the next 5 years and will likely exceed the Company’s 127,000 bpd Phase 5 Loop capacity during 2014. A three phase project known as the “Western Expansion” is designed to increase this pipeline capacity into
Beaver Lodge by at least 250,000 bpd and can be in-service prior to the start-up of the Sandpiper Expansion Project (1Q 2016). 
 The first phase, the East
Forks Station Upgrades, provides an incremental 65,000 bpd of capacity on the existing system and is expected to be in-service 3Q 2014. The second phase, a 12” (or larger) pipeline from Alexander into Trenton will increase that segment’s
capacity from its current 80,000 bpd to 200,000 bpd. The third phase, a 16” (or larger) pipeline from Trenton into Beaver Lodge will provide higher capacity from Alex and Trenton into Beaver Lodge. The forecasted volume increase to support the
expansion project is currently estimated at 120,000 bpd coming from multiple customers both by pipeline connections and increased truck receipts. 

Sanish Pipeline 
 Production from south of the Missouri
River in the counties of McKenzie and Dunn is expected to increase significantly over the next 10 years. 
 A Class 4 cost estimate has been developed for
the Sanish Pipeline, a 35 mile 12 inch line from Johnsons Corner to Beaver Lodge. It is expected that the project would be developed in two phases, with initial capacity of 67,000 bpd. With modest incremental capital expenditures the capacity of the
line could be increased to 100,000 bpd. 

 SCHEDULE II 

SANDPIPER FACILITIES 
 375 miles of
24” pipeline with a capacity of 225,000 barrels per day from Beaver Lodge to an interconnection with the new Clearbrook east terminal and pump station 

A 233 mile 30” pipeline with a capacity of 375,000 barrels per day from Clearbrook to an interconnection with the existing terminal owned by Enbridge
Energy, Limited Partnership in Superior 
 Pump stations at Beaver Lodge, Berthold, Lakota and Clearbrook 

Tankage to be constructed at Beaver Lodge (300 kbbl shell capacity), Stanley (135 kbbl shell capacity), Berthold (300 kbbl shell capacity) and Clearbrook (300
kbbl shell capacity) 

 SCHEDULE III  

ISSUANCE OF INITIAL UNITS; INITIAL CAPITAL ACCOUNT BALANCES 
  

																							
	Name	  	 Effective

Date Capital
Contribution
Amount
	  	Aggregate
Capital
Contribution
Amount	  	Initial
Class A
Units	 	  	Class A
Percentage
Interest	 	 	 Initial

Class B
Units
	 	  	Class B
Percentage
Interest	 	 	Initial Capital
Account
Balance
	 Enbridge Energy Partners, L.P.
	  	 Fair market
 value of the

assets of the
 Company
	  	 Fair market
 value of the

assets of the
 Company
	  	 	1,000	  	  	 	100	% 	 	 	21,066,290	  	  	 	62.5	% 	 	 Fair market
 value of the

assets of the
 Company

	 1100 Louisiana, Suite 3300

Houston, TX 77002

Attention: E. Chris Kaitson,

Vice President – Law, Deputy

General Counsel
	  		  		  				  				 				  				 	
	 Williston Basin Pipe Line LLC
	  	$12,679,774	  	$12,679,774	  	 	—  	  	  	 	—  	  	 	 	12,639,774	  	  	 	37.5	% 	 	$12,679,774
	 539 South Main Street

Findlay, Ohio 45840

Attn: General Counsel
	  		  		  				  				 				  				 	
	 With a copy to: Jones Day

717 Texas Avenue, Suite 3300

Houston, Texas 77002

Attn: Jeffrey A. Schlegel, Esq.

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