Document:

Lease between the Registrant and Brandywine Acquisition Partners

 Exhibit 10.20 
 Execution Counterpart 
 LEASE 
 BRANDYWINE ACQUISITION PARTNERS LP, 
 a Delaware limited partnership

 Landlord 
 and

 SOLARWINDS.NET, INC. 
 an Oklahoma corporation 
 Tenant 
 for Suite 100 
 Building Two 
 The Park on Barton Creek 
 3711 South Mo-Pac Expressway 
 Austin, Texas 78746 

 TABLE OF CONTENTS 
  

					
			
	 1.
	  	 SUMMARY OF DEFINED TERMS
	  	1
			
	 2.
	  	 PREMISES
	  	3
			
	 3.
	  	 TERM
	  	3
			
	 4.
	  	 CONDITION OF PREMISES AND LEASEHOLD IMPROVEMENTS
	  	4
			
	 5.
	  	 FIXED RENT; SECURITY DEPOSIT
	  	5
			
	 6.
	  	 ADDITIONAL RENT
	  	8
			
	 7.
	  	 UTILITIES
	  	14
			
	 8.
	  	 SIGNS; USE OF PREMISES AND COMMON AREAS
	  	15
			
	 9.
	  	 ENVIRONMENTAL MATTERS
	  	17
			
	 10.
	  	 TENANT’S ALTERATIONS
	  	19
			
	 11.
	  	 CONSTRUCTION LIENS
	  	20
			
	 12.
	  	 ASSIGNMENT AND SUBLETTING
	  	21
			
	 13.
	  	 LANDLORD’S RIGHT OF ENTRY
	  	25
			
	 14.
	  	 REPAIRS AND MAINTENANCE
	  	25
			
	 15.
	  	 INSURANCE; SUBROGATION RIGHTS
	  	26
			
	 16.
	  	 WAIVER AND INDEMNIFICATION
	  	28
			
	 17.
	  	 QUIET ENJOYMENT
	  	29
			
	 18.
	  	 FIRE DAMAGE
	  	29
			
	 19.
	  	 SUBORDINATION; RIGHTS OF MORTGAGEE
	  	30
			
	 20.
	  	 CONDEMNATION
	  	31
			
	 21.
	  	 ESTOPPEL CERTIFICATE
	  	32
			
	 22.
	  	 DEFAULT
	  	32
			
	 23.
	  	 LANDLORD’S LIEN
	  	38
			
	 24.
	  	 LANDLORD’S DEFAULT
	  	39
			
	 25.
	  	 SURRENDER
	  	39
			
	 26.
	  	 RULES AND REGULATIONS
	  	40
			
	 27.
	  	 GOVERNMENTAL REGULATIONS
	  	40
			
	 28.
	  	 NOTICES
	  	41
			
	 29.
	  	 BROKERS
	  	41
			
	 30.
	  	 CHANGE OF BUILDING/PROJECT NAME
	  	42
			
	 31.
	  	 LANDLORD’S LIABILITY
	  	42

  

 i 

					
			
	 32.
	  	 AUTHORITY
	  	42
			
	 33.
	  	 NO OFFER
	  	42
			
	 34.
	  	 RENEWAL
	  	43
			
	 35.
	  	 INTENTIONALLY DELETED
	  	44
			
	 36.
	  	 INTENTIONALLY DELETED
	  	44
			
	 37.
	  	 INTENTIONALLY DELETED
	  	44
			
	 38.
	  	 TENANT FINANCIAL INFORMATION
	  	44
			
	 39.
	  	 MISCELLANEOUS PROVISIONS
	  	44
			
	 40.
	  	 WAIVER OF TRIAL BY JURY
	  	47
			
	 41.
	  	 CONSENT TO JURISDICTION
	  	47
			
	 42.
	  	 OFAC
	  	47
			
	 43.
	  	 TENANT’S EXPENSE PAYMENTS
	  	48
			
	 44.
	  	 TAX PROTEST; WAIVER OF DTPA
	  	48
			
	 45.
	  	 NO MERGER
	  	49
			
	 46.
	  	 NO IMPLIED WARRANTIES
	  	49

  

					
	 EXHIBITS
	  		  	
			
	 EXHIBIT “A”
	  	-	  	 SPACE PLAN OF PREMISES

	 EXHIBIT “B”
	  	-	  	 COMMENCEMENT NOTICE

	 EXHIBIT “C”
	  	-	  	 RULES AND REGULATIONS

	 EXHIBIT “D”
	  	-	  	 LEASEHOLD IMPROVEMENTS

	 EXHIBIT “D-1”
	  	-	  	 BASE BUILDING CONDITION

	 EXHIBIT “E”
	  	-	  	 FORM OF LETTER OF CREDIT

	 EXHIBIT “F”
	  	-	  	 RIGHT OF FIRST REFUSAL

	 EXHIBIT “G”
	  	-	  	 SIGNAGE

  

 ii 

 LEASE 
 THIS LEASE (“Lease”) entered into as of the 6th day of February, 2008, between BRANDYWINE ACQUISITION PARTNERS LP, a Delaware limited partnership (“Landlord”), and SOLARWINDS.NET,
INC., an Oklahoma corporation with its principal place of business at 3711 South Mo-Pac Expressway, Building Two, Suite 100, Austin, Texas 78746 (“Tenant”). 
 WITNESSETH 
 In consideration of the mutual covenants herein set forth, and intending to be legally
bound, the parties hereto covenant and agree as follows: 
 1. SUMMARY OF DEFINED TERMS. 
 The following defined terms, as used in this Lease, shall have the meanings and shall be construed as set forth below: 
 (a) “Building”: The five (5) story office building, commonly known as Building Two and having the street address of 3711 South
Mo-Pac Expressway, Austin, Texas 78746. 
 (b) “Project”: The two building office complex commonly known as the Park on
Barton Creek, consisting of the Building, together with that additional five (5) story office building, commonly known as Building One and also having the street address of 3711 South Mo-Pac Expressway, Austin, Texas 78746 (the “Additional
Building”) and the land upon which the Building, the Additional Building and the other related improvements are located. 
 (c) “Premises”: A portion of Suite 100 and Suites 300, 400 and 500 comprising of
a portion of the first (1st) floor designated as Suite 100 and the third (3rd), fourth (4th) and fifth (5th) floors of the Building, which the parties stipulate and agree consist of approximately 21,078 square feet of Rentable Area on each of floors three (3), four (4) and five
(5) plus 2,203 square feet of Rentable Area on the first floor of the Building, and aggregating approximately 65,437 square feet of Rentable Area as shown on the space plan attached hereto as Exhibit “A” and made a part
hereof. The ultimate square footage of the Premises shall be determined applying the 1996 BOMA standard as reasonably applied by Landlord. 
 (d) “Term”: The period commencing on the Commencement Date and ending on the last
day of the ninety-sixth (96th) full calendar month after the Commencement Date. 
 (e) “Fixed Rent”: $20.50 per square foot of Rentable Area contained within the Premises, which annual Fixed Rent shall increase by Fifty
Cents ($0.50) per square foot of Rentable Area contained within the Premises on each successive anniversary following the Commencement Date during the balance of the Term; provided, however, that with respect to the first twelve (12) full
calendar months after the Commencement Date, Tenant shall only pay Fixed Rent for Tenant’s Allocated Share of Rentable Area and not for the entire Premises. 
 (f) “Rental Payment Address”: P.O. Box 951032, Dallas, Texas 75395-1032. 
  

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 (g) “Security Deposit”: $1,500,000 subject to reduction as provided in Section 5 of
the Lease. 
 (h) “Estimated Occupancy Date”: June 1, 2008. 
 (i) “Tenant’s Allocated Share”: Tenant’s proportionate share of the
Rentable Area of the Building which is equal to 41.60% on the Commencement Date (based on that portion of the Premises consisting of the 2,203 square feet of Rentable Area on the first floor and the entire Rentable Area of the fourth (4th) and fifth (5th) floors of the Building), which
shall increase by the addition of 4.94% on the first day of each of the fourth (4th), seventh (7th) and tenth (10th) full calendar months of the Term (based on
Tenant’s deemed occupancy of additional 5,268 square foot increments of Rentable Area on such dates) and by the addition of 4.95% on the first day of the thirteenth (13th) full calendar month of the Term (based on Tenant’s deemed occupancy of an additional 5,274 square foot increment of Rentable Area on such date); on the first day of the thirteenth (13th) full calendar month of the Term, Tenant’s Allocated Share shall be 61.37%. Notwithstanding the foregoing, Tenant’s Allocated Share during the
first twelve (12) months after the Commencement Date shall also be increased, from time to time, by and to the extent of any Rentable Area within the Premises that Tenant commences to use during said time period. 
  

									
	 (j)
	  	“Rentable Area”:	  	Premises:	  	65,437 square feet	  	
		  		  	Building:	  	106,628 square feet	  	

 (k) “Permitted Uses”: Tenant’s use of the Premises shall be limited to
general office use, including software labs and development and storage incidental thereto. Tenant’s rights to use the Premises shall be subject to all applicable laws and governmental rules and regulations and to all reasonable requirements of
the insurers of the Building. 
 (l) “Broker”: Commercial Texas, LLC 
 (m) “Notice Address/Contact”: 
  

			
	Tenant:	    	SolarWinds.net, Inc.
		    	The Park on Barton Creek
		    	3771 South Mo-Pac Expressway
		    	Building Two
		    	Suite 100
		    	Austin, Texas 78746
		    	Attn: General Counsel
		    	Fax No: (512) 597-0882
		    	E-Mail: bryan.sims@solarwinds.com

  

 2 

			
	with a copy to:	    	Wilson Sonsini Goodrich & Rosati
		
		    	650 Page Mill Road
		    	Palo Alto, CA 94304
		    	Attn: Marc Gottschalk
		    	Fax No. (650) 493-6811
		    	Email: mgottschalk@wsgr.com
		
	Landlord:	    	Brandywine Acquisition Partners, LP
		
		    	2711 North Haskell, Suite 2150, LB 13
		    	Dallas, Texas 75204
		    	Attention: Managing Director – Southwest Region
		
	with a copy to:	    	Brandywine Acquisition Partners LP
		
		    	c/o Brandywine Operating Partnership LP
		    	555 East Lancaster Avenue, Suite 100
		    	Radnor, Pennsylvania 19087
		    	Attention: Chief Executive Officer

 (n) “Tenant’s North American Industry Classification Number”: 5112

 (o) “Additional Rent”: All sums of money or charges required to be paid by Tenant under this Lease other than Fixed Rent,
whether or not such sums or charges are designated as “Additional Rent”. 
 (p) “Rent”: All Fixed Rent and
Additional Rent payable by Tenant to Landlord under this Lease. 
 2. PREMISES. 
 Landlord does hereby lease, demise and let unto Tenant and Tenant does hereby hire and lease from Landlord the Premises for the Term, upon the provisions,
conditions and limitations set forth herein. 
 3. TERM. 
 (a) The Term of this Lease and Tenant’s obligation for the payment of Rent shall commence (the “Commencement Date”) on the date which is the earlier of (a) the date Tenant, or anyone claiming by,
through or under Tenant, occupies any portion of the Premises for the purpose of the conduct of Tenant’s (or such other person’s) business therein, or (b) Substantial Completion (as defined in Exhibit “D”
attached hereto) has occurred or would have occurred, but for Tenant Delays (as defined in Exhibit “D” attached hereto). By written “Commencement Notice” (herein so called) substantially in the form of
Exhibit “B” attached hereto, Landlord shall notify Tenant of the Commencement Date, the status of Landlord’s Work and all other matters stated therein. The Commencement Notice shall be conclusive and binding 

  

 3 

 
on Tenant as to all matters set forth therein unless within ten (10) days following delivery of such Commencement Notice, Tenant contests any of the
matters contained therein by notifying Landlord in writing of Tenant’s objections. The foregoing notwithstanding, Landlord’s failure to deliver any Commencement Notice to Tenant shall not affect the determination of the Commencement Date
under the provisions of this Lease. 
 (b) Upon notification by Landlord, Landlord and Tenant shall schedule a pre-occupancy inspection of
the Premises at which time a punchlist of outstanding items, if any, shall be completed. Within a reasonable time thereafter, Landlord shall complete or cause to be completed the punchlist items. 
 (c) Landlord anticipates that the Commencement Date will occur by June 1, 2008. In the event the Commencement Date has not occurred by June 15,
2008, which date shall be extended day for day for the number of days of Tenant Delay as defined in Exhibit “D” attached hereto plus the number of days of delay attributable to a force majeure event, as described in Section 39(q)
below, minus the number of days caused by any Landlord Delay as defined in Exhibit “D” (the “First Delayed Commencement Date Deadline”), then Tenant shall receive a one day credit of Rent for each day following the First Delayed
Commencement Date Deadline until the earlier to occur of (i) the Commencement Date or (ii) the Second Delayed Commencement Date Deadline (hereafter defined), which credit shall be applied to Fixed Rent first occurring after the
Commencement Date. In the event the Commencement Date has not occurred by December 15, 2008, which date shall be extended day for day for the number of days of Tenant Delay plus the number of days of delay attributable to a force majeure event,
minus the number of days caused by any Landlord Delay (the “Second Delayed Commencement Date Deadline”), then Tenant shall receive a two day credit of Rent for each day following the Second Delayed Commencement Date Deadline until the
Commencement Date occurs, which credit shall be applied to Fixed Rent first occurring after the Commencement Date. In the event the Commencement Date has not occurred by March 15, 2009 (“Outside Completion Date”) which date shall be
extended day for day for the number of days of such Tenant Delay (with no extension for delays attributable to a force majeure event) minus the number of days caused by any Landlord Delay, then Tenant, as its sole and exclusive remedy, shall have
the right to terminate this Lease by written notice delivered to Landlord no later than ten (10) days following the Outside Completion Date. In the event Tenant terminates this Lease under this Section 3(c), all deposits, advance payments
of rent and other charges, costs and expenses paid by Tenant to Landlord shall be returned to Tenant within seven (7) business days following Landlord’s receipt of Tenant’s termination notice hereunder. 
 4. CONDITION OF PREMISES AND LEASEHOLD IMPROVEMENTS. 
 Except as otherwise provided in this Lease, and subject to Landlord’s maintenance and repair obligations set forth in this Lease and Landlord’s Work set forth in Exhibit “D” to this
Lease, Tenant accepts the Premises in “AS IS”, “WHERE IS”, “WITH ALL FAULTS” condition as of the date of delivery of possession to Tenant, without any warranty or representation, express or implied, by or on behalf of
Landlord as to the condition or usability thereof, and without any obligation on the part of Landlord to make, have made, pay for, or contribute to the payment for any demolition, alteration, addition, repair, replacement or improvement in or to the
Premises, including, without limitation, to perform any Landlord work 

  

 4 

 
to make the Premises ready for occupancy or to provide any free rent allowance, painting allowance, rent holiday, free rent, build-out allowance,
contribution or other inducement therefor. In addition, Landlord shall have no obligation to provide Tenant with any leasehold improvement allowance or other allowance except as expressly set forth in Exhibit “D” to this Lease.
Notwithstanding anything to the contrary contained in this Lease, Landlord covenants that as of the date of Substantial Completion, the electrical, mechanical, HVAC, plumbing, elevator and other systems serving the Premises will be in good condition
and repair. 
 5. FIXED RENT; SECURITY DEPOSIT. 
 (a) Tenant shall pay to Landlord without notice or demand, and without set-off, the annual Fixed
Rent as set forth in Article 1, in monthly installments in advance on the first day of each calendar month during the Term by check sent to Landlord at P.O. Box 951032, Dallas, Texas 75395-1032. Notwithstanding the immediately
preceding sentence, the first full month’s installment of Fixed Rent shall be delivered by check to Landlord upon the execution of this Lease by Tenant and the Security Deposit in the form of a Letter of Credit shall be delivered to Landlord by
no later than 5:00 p.m. central time on the seventh day following the execution and delivery of this Lease. Commencing on the Commencement Date, each full monthly installment of Fixed Rent shall be equal to one twelfth of the product of 44,359
rentable square feet and $20.50 per rentable square foot, or $75,779.96. On the first day of each of the fourth (4th) seventh (7th) and tenth (10th) full calendar months of the
Term, 5,268 square feet of Rentable Area shall be added to the Rentable Area of the Premises for purposes of calculating the Fixed Rent and Tenant’s Allocated Share of Operating Expenses and Taxes thereafter due. On the first day of the
thirteenth (13th) full calendar month of the Term, 5,274 square feet of Rentable Area shall be added to the Rentable Area of the Premises for
purposes of calculating the Fixed Rent and Tenant’s Allowed Share of Operating Expenses and Taxes thereafter due. Additionally, at any time that Tenant commences to use any portion of the Premises that has not previously been added to the
Rentable Area of the Premises for purposes of calculating the Fixed Rent and Tenant’s Allocated Share of Operating Expenses and Taxes thereafter due, such additional Rentable Area shall be added to the existing space that Tenant has already
occupied or is deemed to have occupied, and Tenant shall pay Fixed Rent, and Tenant’s Allocable Share of Operating Expenses and Taxes for the aggregate of all such deemed and actually occupied Rentable Area. All payments must include the
following information: Building number and Lease number; provided, however, that failure to include such information shall not constitute an Event of Default hereunder. The Lease number will be provided to Tenant in the Commencement Notice.

 Nothing herein contained shall be deemed to diminish or relieve Tenant of its obligation to pay (commencing on the Commencement Date) in
accordance with the terms of this Lease all sums owed by Tenant to Landlord under this Lease other than Fixed Rent. Notwithstanding anything to the contrary contained in this Article 5 or in the balance of this Lease, commencing on the Commencement
Date, Tenant shall pay for utilities based on Tenant’s Allocated Share being deemed to be 61.37%. 
 (b) If any Fixed Rent or Additional
Rent, charge, fee or other amount due from Tenant under the terms of this Lease are not paid to Landlord within five (5) days following the date when due, Tenant shall also pay as Additional Rent a service and handling charge equal to
five percent (5%) of the total payment then due. Interest shall accrue on such past due amount 

  

 5 

 
at the Default Rate (as hereinafter defined) from and after the original due date for such amount until paid. The late charge shall accrue and be payable on
the day immediately following the fifth (5th) day following the date when the payment was due. This provision shall not prevent Landlord from
exercising any other remedy herein provided or otherwise available at law or in equity in the event of any Event of Default by Tenant. 
 (c)
(i) Tenant shall be required to post as security for the prompt, full and faithful performance by Tenant of each and every provision of this Lease and of all obligations of Tenant hereunder, an unconditional and irrevocable stand-by Letter of Credit
in the amount of $1,500,000, which shall automatically renew each year without any action on the part of Landlord and shall remain “evergreen” throughout the Term, shall be assignable without bank consent or fee and which shall be in
substantially the form of Exhibit “E” attached hereto and made a part hereof (“Letter of Credit”). If Landlord assigns or transfers the Letter of Credit, Landlord shall pay any costs associated with said transfer. The
Letter of Credit shall be maintained by Tenant, at Tenant’s sole cost and expense, name the Landlord as the beneficiary, and be issued by a financial institution reasonably acceptable to Landlord including, without limitation, Morgan Stanley.

 If Tenant fails to perform any of its obligations hereunder and such default remains uncured for five (5) days after notice from
Landlord in the case of any nonpayment of rent or other sum hereunder or fifteen (15) days in the case of any non-monetary breach (or such longer period of time as is reasonably necessary to cure such default, provided Tenant has commenced such
cure within such fifteen (15) day period and is diligently prosecuting same to completion), then Landlord may use, apply or retain the whole or any part of the Security Deposit for the payment of (i) any rent or other sums of money which
Tenant may not have paid when due, (ii) any sum expended by Landlord on Tenant’s behalf in accordance with the provisions of this Lease, and/or (iii) any sum which Landlord may expend or be required to expend by reason of such
default, including, without limitation, any damage or deficiency in or from the reletting of the Premises as provided in this Lease. The use, application or retention of the Security Deposit, or any portion thereof, by Landlord shall not prevent
Landlord from exercising any other right or remedy provided by this Lease or by law (it being intended that Landlord shall not first be required to proceed against the Security Deposit) and shall not operate as either liquidated damages or as a
limitation on any recovery to which Landlord may otherwise be entitled. If any portion of the Security Deposit is used, applied or retained by Landlord for the purposes set forth above, Tenant shall, within ten (10) business days after the
written demand therefor is made by Landlord, deposit cash with the Landlord in an amount sufficient, when added to the existing balance of the Letter of Credit, to restore the Security Deposit to its original amount. 
 In addition to the foregoing, if Tenant defaults more than once in its performance of a monetary obligation, such monetary defaults aggregate in excess
of two (2) months of Fixed Rent payable under this Lease, and such monetary defaults remain uncured for more than five (5) days after notice from Landlord, Landlord may require Tenant to increase the Security Deposit to the greater of
twice the (i) Fixed Rent paid monthly, or (ii) the initial amount of the Security Deposit. 
  

 6 

 (ii) If the shares of stock or other ownership
interests in Tenant remain privately held (i.e. are not traded on a public stock exchange), then if no Event of Default has occurred prior to the applicable reduction date set forth in this Section (c)(ii) and Tenant has complied with the provisions
of this Section, the amount of the Letter of Credit shall be reduced to (i) $1,058,333 on the third (3rd) anniversary of the Commencement
Date: (ii) $616,666 on the fourth (4th) anniversary of the Commencement Date and (iii) $175,000 on the fifth (5th) anniversary of the Commencement Date for the remainder of the Term. 
 (iii) If the shares of stock or other ownership interests in Tenant become traded on a public
stock exchange as a result of an initial public offering, then if no Event of Default has occurred prior to the reduction date set forth in this Section (c)(iii), the amount of the Letter of Credit shall be reduced to $175,000 on the first
(1st) anniversary of the initial public offering provided that as of such date Tenant has a Total Net Worth greater than $75,000,000 and a
Liquid Net Worth greater than $25,000,000. As used herein, the following terms shall have the following meanings: 
 “Total Net
Worth” shall mean the sum remaining after subtracting the remainder of Tenant’s Total Liabilities less Deferred Revenue from the remainder of Tenant’s Total Assets less Goodwill, or expressed mathematically as follows: 
 Total Net Worth = (Total Assets – Goodwill) – (Total Liabilities – Deferred Revenue) 
 “Liquid Net Worth” shall mean the sum remaining after subtracting the remainder of Tenant’s Current Liabilities less Deferred Revenue from
Tenant’s Current Assets, or expressed mathematically as follows: 
 Liquid Net Worth = Current Assets – (Current Liabilities –
Deferred Revenue) 
 “Current Liabilities”, “Deferred Revenue”, “Total Assets” and “Total
Liabilities” shall have the meanings commonly assigned to such terms under Generally Accepted Accounting Principles. 
 (iv) If during
the Term, Tenant receives a credit rating by Standard & Poors of “BBB-” or higher, then if no Event of Default has occurred, the amount of the Letter of Credit shall be reduced to $175,000. 
 After each applicable reduction date, Tenant shall deliver to Landlord a proposed amendment to the Letter of Credit reducing the amount of the Letter of
Credit to the applicable reduction amount set forth above. Landlord shall, within ten (10) business days after delivery of the proposed amendment, either (a) provide Landlord’s reasonable objections to the proposed amendment or
(b) execute and deliver to Tenant Landlord’s approval of the proposed amendment. Tenant shall deliver the original amendment to the Letter of Credit to Landlord within ten (10) business days after Tenant receives Landlord’s
approval of the amendment. The Letter of Credit shall not be deemed to be amended until Landlord executes the acceptance of the amendment to the Letter of Credit which Landlord shall do within five (5) business days following Tenant’s
delivery of the approved amendment. 
  

 7 

 Subject to the requirements of, and the conditions imposed by, laws applicable to security deposits under
commercial leases, in the event that Tenant surrenders the Premises to Landlord at the end of the Term in the condition required under this Lease, the Security Deposit, or any balance thereof, less an amount estimated by Landlord and itemized in
writing to cover any Additional Rent and less any amount retained by Landlord under the terms of this Lease as a result of any breach or Event of Default by Tenant, will be returned to Tenant within thirty (30) days following the Term.

 In the event of a transfer of the Project or the Building, Landlord may transfer the Security Deposit to the vendee or lessee and Landlord
shall thereupon be released by Tenant from all liability for the return of such Security Deposit. Upon the assumption of such Security Deposit by the transferee, Tenant shall look solely to the new landlord for the return of said Security Deposit,
and the provisions hereof apply to every transfer or assignment made of the Security Deposit to a new landlord. Tenant further covenants that it will not assign or encumber or attempt to assign or encumber the Security Deposit and that neither
Landlord nor its successors or assigns shall be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. The Security Deposit shall not be mortgaged, assigned or encumbered in any manner whatsoever by Tenant without
Landlord’s prior written consent. 
 6. ADDITIONAL RENT. 
 (a) Commencing on the Commencement Date, and in each calendar year thereafter during the Term (as same may be extended), Tenant shall pay to Landlord
Tenant’s Allocated Share of the following charges (“Operating Expenses”), without deduction or set off. 
 (i) Operating
Expenses. All costs and expenses related to the Project incurred by Landlord, including, but not limited to: 
 (A) All costs and expenses
related to the operation of the Building and Project, including, but not limited to, lighting, cleaning the Building exterior and common areas of the Building interior, trash removal and recycling, repairs and maintenance of the roof and storm water
management system, policing and regulating traffic to and from the Project, fire suppression and alarm systems, concierge services for the Project, utilities, removing snow, ice and debris and maintaining all landscape areas, (including replacing
and replanting flowers, shrubbery and trees), maintaining and repairing all other exterior improvements on the Project, all repairs and compliance costs necessitated by laws enacted or which become effective after the date hereof (including, without
limitation, any additional regulations or requirements enacted after the date hereof regarding the ADA (as hereinafter defined) (as such applies to the Project or common areas but not to any individual tenant’s space), if applicable) required
of Landlord under applicable laws and rules and regulations. 
 (B) Management fee of 3% of the gross receipts from the Building.

 (C) Amortization of the cost of improvements or equipment which are capital in nature and which (i) are for the purpose of reducing
Operating Expenses for the Project, up to the amount saved as a result of the installation thereof, as reasonably estimated 

  

 8 

 
by Landlord, or (ii) enhance the Project for the general benefit of tenants or occupants thereof as opposed to being for a single tenant), or
(iii) are required by any governmental authority or under any Law of general application (as opposed to relating to Tenant’s particular use of the Premises), or (iv) replace any Building equipment needed to operate the Project at the
same quality levels as prior to the replacement. All such costs, including interest thereon, shall be amortized on a straight–line basis over the useful life of the capital investment items, as reasonably determined in accordance with Generally
Accepted Accounting Principles. 
 (D) All insurance premiums paid or payable by Landlord for insurance with respect to the Project as
follows: (a) fire and extended coverage insurance (including demolition and debris removal); (b) Landlord’s rental loss or abatement (but not including business interruption coverage on behalf of Tenant), from damage or destruction
from environmental hazards, fire or other casualty excluding flood and earthquake; and (c) Landlord’s commercial general liability insurance (including bodily injury and property damage) and boiler insurance; and (d) such other
insurance as Landlord or any reputable mortgage lending institution holding a mortgage on the Premises may reasonably require. If the coverage period of any of such insurance obtained by Landlord commences before or extends beyond the Term, the
premium therefore shall be prorated to the Term. If any such insurance is provided by blanket coverage, the part of the premium allocated to the Project shall be equitably determined by Landlord but shall not exceed the amount of premium due if
insurance was provided by a policy only insuring the Project. Should Tenant’s occupancy or use of the Premises at any time change and thereby cause an increase in such insurance premiums on the Premises, Building and/or Project, Tenant shall
pay to Landlord the entire amount of such reasonably documented increase. 
 (E) Reasonable costs and fees incurred in implementing and
operating any transportation management program, ride sharing or similar program or otherwise incurred in connection with any mass transit, energy conservation, transportation or similar program if required by law or in connection with the
contemplated traffic assistance described in Section 8(g) below. 
 (F) Property management office rent or rental value at market rate
for office space not exceeding 2,500 square feet. 
 (G) Wages, salaries, and fees (including all reasonable education, travel and
professional fees) of only the following personnel or entities (exclusive of Landlord’s corporate executive personnel) – those engaged in the operation, repair, maintenance, or security of the Project, including taxes, insurance, and
benefits relating thereto and the costs of all supplies and materials (including work clothes and uniforms) used in the operation, repair, maintenance and security of the Project as reasonably prorated by Landlord based on the amount of time such
personnel is working on the Project versus other duties of such personnel. 
 Tenant acknowledges that for purposes of determining
Tenant’s Allocated Share of Operating Expenses, the Operating Expenses attributable to the Project such as, but not limited to, maintenance of Project driveways and other joint common areas, shared utilities, and landscaping, shall be
distinguished from the Operating Expenses directly attributable to the Building and shall be equitably allocated to the Building and to the Additional Building. Tenant further acknowledges that Landlord may elect to establish a property owners
association or 

  

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record a declaration or other instrument to provide for the ongoing maintenance and operation of the Project in which case the costs and expenses of such
association or declaration shall be equitably allocated by Landlord to the Building and the Additional Building prior to calculating Tenant’s Allocated Share thereof. 
 Notwithstanding the foregoing, the term “Operating Expenses” shall not include any of the following: 
 (A) Repairs or other work occasioned by fire, windstorm or other insured casualty or by the exercise of the right of eminent domain; 
 (B) Leasing commissions, accountants’, consultants’, auditors or attorneys’ fees, costs and disbursements and other expenses incurred in
connection with negotiations or disputes with other tenants or prospective tenants or other occupants, or associated with the enforcement of any other leases or the defense of Landlord’s title to or interest in the real property or any part
thereof; 
 (C) Costs incurred by Landlord in connection with construction of the Building and related facilities, the correction of latent
defects in construction of the Building; 
 (D) Costs (including permit, licenses and inspection fees) incurred in renovating or otherwise
improving or decorating, painting, or redecorating the Building or space for other tenants or other occupants or vacant space; 
 (E)
Depreciation, amortization and expense reserves; 
 (F) Costs incurred due to a breach by Landlord or any other tenant of the terms and
conditions of any lease; 
 (G) Overhead and profit increment paid to subsidiaries or affiliates of Landlord for management or other
services on or to the Building or for supplies, utilities or other materials, to the extent that the costs of such services, supplies, utilities or materials exceed the reasonable costs that would have been paid had the services, supplies or
materials been provided by unaffiliated parties on a reasonable basis without taking into effect volume discounts or rebates offered to Landlord as a portfolio purchaser; 
 (H) Interest on debt or amortization payments on any mortgage or deeds of trust or any other borrowings and any ground rent; 
 (I) Ground rents or rentals payable by Landlord pursuant to any over-lease; 
 (J) Any costs and expenses associated with any retail or commercial concessions located at the Project; 
 (K) Costs incurred in managing or operating any “pay for” parking facilities within the Project; 
  

 10 

 (L) Expenses resulting from the gross negligence or willful misconduct of Landlord; 
 (M) Any fines or fees for Landlord’s failure to comply with governmental, quasi-governmental, or regulatory agencies’ rules and regulations;

 (N) Legal, accounting and other expenses related to Landlord’s financing, re-financing, mortgaging or selling the Building or the
Project; 
 (O) Costs and expenses for advertising, sculpture, decorations, painting or other objects of art; 
 (P) Costs and expenses associated with any dining or entertainment in excess of amounts typically spent for such items in office buildings of comparable
quality in the competitive area of the Building; 
 (Q) Cost of any political, charitable or civic contribution or donation; and 

(R) Costs that are capital in nature or which otherwise can be amortized in accordance with Generally Accepted Accounting Principles except as
provided in subsection 6(a)(i)(D) hereof; 
 (S) Costs arising from the disproportionate use of any utility or service supplied by
Landlord to any other occupant of the Project, or associated with utilities and services of a type not provided to Tenant; 
 (T) Insurance
deductibles in excess of $100,000 per incident; 
 (U) Costs incurred to investigate the presence of any hazardous substances, costs to
respond to any claim of hazardous substance contamination or damage, costs to remove any hazardous substance from the Project and any judgments or other costs incurred in connection with any hazardous substance exposure or release, except to the
extent caused by the storage, use or disposal of the hazardous substance in question by Tenant or its agents, representatives, invitees, employees or contractors; 
 (V) Costs to bring the Project into compliance with Laws where such failure to so comply existed on the Commencement Date of the Lease unless such non-compliance resulted from a change in governmental interpretation
of such Law following the Commencement Date. 
 (ii) Taxes. Taxes shall be defined as all taxes, assessments and other governmental
charges (“Taxes”), including special assessments for public improvements or traffic districts which are levied or assessed against the Project during the Term or, if levied or assessed prior to the Term, which properly are allocable to the
Term, and real estate tax appeal expenditures incurred by Landlord to the extent of any reduction resulting thereby. “Taxes” shall not include the following: (A) any inheritance, estate, succession, transfer, gift, franchise,
corporation, net income or profit tax or capital levy that is or may be imposed upon Landlord or 

  

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(B) any transfer tax or recording charge resulting from a transfer of the Building or the Project; provided, however, that if at any time during the
Term the method of taxation prevailing at the commencement of the Term shall be altered so that in lieu of or as a substitute for the whole or any part of the taxes now levied, assessed or imposed on real estate as such there shall be levied,
assessed or imposed (i) a tax on the rents received from such real estate, or (ii) a license fee measured by the rents receivable by Landlord from the Premises or any portion thereof, or (iii) a tax or license fee imposed upon the
Premises or any portion thereof, or (iv) any tax imposed on Landlord based on revenues or income from the Premises, or (v) any other tax in lieu of or as a substitute for the whole or any part of the Taxes now levied, then the same shall
be included in the computation of Taxes hereunder. Tenant acknowledges that for purposes of determining Tenant’s Allocated Share of Taxes, the Project is currently taxed as one tax parcel and the Taxes thereon shall be equitably allocated
between the Building and the Additional Building prior to calculating Tenant’s Allocated Share thereof. Landlord agrees and acknowledges that in the event an assessment payable by Tenant hereunder may be paid in installments without additional
expense to Landlord, Tenant shall only pay that amount on an annual basis that would be owed by Tenant if Landlord were to pay such assessment in installments over the longest permitted term. Tenant further acknowledges that Landlord may elect to
replat the Project to provide for a separate assessment of the Building and its corresponding land area and other improvements (provided that such election shall not be made for the sole purpose of increasing Tenant’s liability for Taxes
hereunder); and if Landlord elects (in its sole discretion) so to do, then Tenant’s Allocated Share of Taxes shall be calculated based on the tax bills for the separate tax parcels attributable to the Building and corresponding Land and
improvements. 
 (b) Tenant shall pay, in monthly installments in advance, on account of Tenant’s Allocated Share of Operating Expenses
and Taxes, the estimated amount of such Operating Expenses and Taxes for such year as determined by Landlord in its reasonable discretion and as set forth in a notice to Tenant, such notice to include the basis for such calculation. On or before the
Commencement Date and on or before the first day of January of each calendar year during the Term thereafter (each, a “Lease Year”), or part thereof, Landlord shall send to Tenant a statement of projected increases in Operating Expenses
and Taxes and shall indicate what Tenant’s Allocated Share of Operating Expenses and Taxes shall be. Said amount shall be paid in equal monthly installments in advance by Tenant as Additional Rent commencing January 1 of the applicable
Lease Year. 
 Tenant shall have the right, at its sole cost and expense, to notify Landlord within ninety (90) days from receipt of
Landlord’s statement of Operating Expenses of its election to audit or have its appointed accountant audit Landlord’s records related to Operating Expenses and Taxes provided that (i) any such audit may not occur more frequently than
once each calendar year, (ii) any such audit may not apply to any year prior to the year of the statement being reviewed, and (iii) Tenant completes such audit within one hundred eighty (180) days from receipt of Landlord’s
statement of Operating Expenses. If Tenant’s audit discloses any discrepancy, Landlord and Tenant shall use their best efforts to resolve the dispute and make an appropriate adjustment, failing which, they shall submit any such dispute to
arbitration pursuant to the rules and under the jurisdiction of the American Arbitration Association in Austin, Texas. The decision rendered in such arbitration shall be final, binding and non-appealable. The expenses of arbitration, other than
individual legal and accounting expenses which shall be the respective parties’ responsibility, shall be paid by the non-prevailing party in such arbitration. In 

  

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the event, by agreement or as a result of an arbitration decision, it is determined that the Operating Expenses and Taxes claimed by the Landlord exceeded
actuals by more than five percent (5%), the actual, reasonable hourly costs to Tenant of Tenant’s audit (including legal and accounting costs) as well as any overpayment of Operating Expenses and/or Taxes by Tenant shall be reimbursed
by Landlord. Tenant shall not use a contingent fee auditor. 
 (c) If during the course of any Lease Year, Landlord shall have reason to
believe that the Operating Expenses shall be different than that upon which the aforesaid projections were originally based, then Landlord, one time in any calendar year, shall be entitled to adjust the amount by reallocating the remaining payments
for such year, for the months of the Lease Year which remain for the revised projections, and to advise Tenant of an adjustment in future monthly amounts to the end result that the Operating Expenses shall be collected on a reasonably current basis
each Lease Year. 
 (d) In calculating the Operating Expenses as hereinbefore described, if for thirty (30) or more days during the
preceding Lease Year less than ninety-five percent (95%) of the Rentable Area of the Building shall have been occupied by tenants, then the Operating Expenses attributable to the Project shall be deemed for such Lease Year to be amounts
equal to the Operating Expenses which would normally be expected to be incurred had such occupancy of the Building been at least ninety-five percent (95%) throughout such year, as reasonably determined by Landlord (i.e., taking into
account that certain expenses depend on occupancy (e.g., janitorial) and certain expenses do not (e.g., landscaping)). The Landlord agrees that the gross-up of expenses shall be limited to variable expenses and the following items of
expenses shall not be adjusted in the “gross-up” calculation: (1) property taxes, (2) amortized capital improvement costs, (3) landscaping expenses, (4) building security costs, and (5) any other fixed-cost items
that are not subject to fluctuation based on occupancy. Furthermore, if Landlord shall not furnish any item or items of Operating Expenses to any portions of the Building because such portions are not occupied or because such item is not required by
the tenant of such portion of the Building, for the purposes of computing Operating Expenses, an equitable adjustment shall be made so that the item of Operating Expense in question shall be shared only by tenants actually receiving the benefits
thereof. The gross-up of Operating Expenses under this section shall be performed using a methodology no less favorable than the methodology specified by the Building Owners and Managers Association. In no event shall Landlord collect more
reimbursements in Operating Expenses and/or Taxes from Project tenants than Operating Expenses and/or Taxes actually incurred by Landlord. 
 (e) By April 30th of each Lease Year or as soon thereafter as administratively available, Landlord shall send to Tenant a statement of actual expenses incurred for Operating Expenses for the prior Lease Year showing the Allocated Share
due from Tenant. Landlord shall use its reasonable efforts to provide Tenant with the aforesaid statements on or before April 30 of each Lease Year; provided, however, if Landlord is unable to provide such statements by April 30, Landlord
shall not have been deemed to waive its right to collect any such amounts as Additional Rent. If the amount prepaid by Tenant exceeds the amount that was actually due then Landlord shall issue a credit to Tenant in an amount equal to the over
charge, which credit Tenant may apply to future payments on account of Operating Expenses until Tenant has been fully credited with the over charge. If the credit due to Tenant is more than the aggregate total of future rental payments, Landlord
shall pay to Tenant the difference between the credit and such 

  

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aggregate total. If Landlord has undercharged Tenant, then Landlord shall send Tenant an invoice with the additional amount due, which amount shall be paid
in full by Tenant within twenty (20) days of receipt. 
 (f) Each of the Operating Expenses and Tax amounts, whether requiring lump sum
payment or constituting projected monthly amounts added to the Fixed Rent, shall for all purposes be treated and considered as Additional Rent and Tenant’s failure to pay the same as and when due in advance and without demand shall have the
same effect as failure to pay any installment of the Fixed Rent and shall afford Landlord all the remedies in this Lease therefor as well as at law or in equity. If this Lease terminates other than at the end of a calendar year, Landlord’s
annual estimate of Operating Expenses shall be accepted by the parties as the actual Operating Expenses for the year this Lease ends until Landlord provides Tenant with actual statements in accordance with subsection 6(e) above. 

(g) If during the Term any change occurs in either the number of square feet of the Rentable Area of the Premises or of the Rentable Area of the
Building, Tenant’s Allocated Share of Operating Expenses and Tenant’s Allocated Share of Electrical Costs shall be adjusted, effective as of the date of any such change, provided that Landlord shall not be permitted to make such
adjustments solely for the purpose of increasing Tenant’s obligations hereunder. Landlord shall promptly notify Tenant in writing of such change and the reason therefor. Any changes made pursuant to this subsection 6(h) shall not
alter the computation of Operating Expenses or Electrical Costs as provided in this Article 6 and Article 7, respectively, but, on and after the date of any such change, Tenant’s payment of Tenant’s Allocated Share
of Operating Expenses pursuant to this Article 6 and Tenant’s payment of Tenant’s Allocated Share of Electrical Costs pursuant to Article 7 shall be computed upon Tenant’s Allocated Share thereof, as adjusted.

 7. UTILITIES. 
 As long
as Tenant is not in default under any covenants of this Lease, Landlord, during the hours of 8:00 A.M. to 7:00 P.M. on weekdays and on Saturdays from 8:00 A.M. to 1:00 P.M. (“Working Hours”), excluding legal holidays, shall furnish the
Premises with heat and air-conditioning in the respective seasons, and provide the Premises with electricity for lighting and usual office equipment. At any hours other than the aforementioned, such services will be provided at Tenant’s expense
at Landlord’s actual cost therefor including Landlord’s estimate of the additional depreciation of the HVAC and electrical equipment resulting from such additional usage. Notwithstanding anything herein to the contrary, if Landlord
reasonably determines that Tenant’s use of electricity is materially in excess of that which would be anticipated by the Permitted Use as reflected in the space plan attached hereto as Exhibit “A”, Tenant agrees to pay for the
installation of a separate electric meter to measure electrical usage in excess of normal office use and to pay Landlord for all such excess electricity registered in such submeter. Landlord shall not be liable for any interruption or delay in
electric or any other utility service for any reason unless caused by the gross negligence or willful misconduct of Landlord or its agents. Landlord may change the electric and other utility provider to the Project or Building at any time.

  

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 Subject to Section 18, captioned “Fire
Damage,” and Section 20, captioned “Condemnation,” if Landlord fails to restore a service within five (5) consecutive business days after the interruption or stoppage of such service from a cause within the reasonable
control of Landlord and such failure makes the Premises or a portion thereof untenantable, and provided such interruption or stoppage was not caused by Tenant, then Fixed Rent shall equitably abate from the sixth (6th) consecutive business day after such interruption or stoppage until such time as the service is restored. 
 8. SIGNS; USE OF PREMISES AND COMMON AREAS. 
 (a) Landlord shall provide Tenant with standard identification signage prominently on all Building directories and at the main entrances to the Premises. Provided Tenant is physically occupying sixty-seven (67%) of the total rentable
square feet of the Premises, Landlord, at Tenant’s expense, shall place Tenant’s name on (i) the monument sign at the entry to the Project (“Tenant’s Monument Signage”) and (ii) on both the façade of the
Building facing MoPac Expressway and on the façade of the longer side of the Building facing Capital of Texas Highway, in accordance with the signage exhibit attached hereto as Exhibit “G” (hereinafter, collectively,
“Tenant’s Façade Signage”); provided, however, that Tenant’s Monument Signage and Tenant’s Façade Signage shall remain subject to all applicable laws, signage codes and private restrictions. No other signs
shall be placed, erected or maintained by Tenant at any place upon the Premises, Building or Project. Landlord’s approval of Tenant’s Façade Signage shall create no responsibility or liability on the part of Landlord for the
completeness, design or sufficiency thereof or the compliance of Tenant’s Façade Signage with the requirements of applicable laws. Landlord shall have the right to remove Tenant’s Façade Signage and Tenant’s Monument
Signage, at Tenant’s cost, in the event (a) Tenant and/or its affiliate(s) fails to occupy at least two (2) full floors of the Building, or (b) if any Event of Default has occurred and is outstanding following all applicable
notice and cure periods provided for in this Lease. Tenant understands and agrees that it is solely responsible for the cost of maintaining Tenant’s Façade Signage and Tenant’s Monument Signage in its original condition, normal wear
and tear and damage caused by Landlord excepted. Tenant shall immediately notify Landlord of the need for any repairs to Tenant’s Façade Signage and/or Tenant’s Monument Signage and Landlord agrees to commence and diligently
prosecute such repairs within a reasonable time after receipt of Tenant’s written notice. If Landlord identifies the need for repairs to Tenant’s Façade Signage or Tenant’s Monument Signage, Landlord may immediately commence
making such repairs, without prior notice to Tenant. However, Landlord agrees to use reasonable efforts to notify Tenant of the required repairs that Landlord will perform or has performed. Within five (5) days after delivery by Landlord to
Tenant of a statement therefor, Tenant shall, at Landlord’s direction, either reimburse Landlord, or directly pay for, the required repairs. Tenant shall also pay for or reimburse Landlord, as applicable, for the cost to remove Tenant’s
Façade Signage and Tenant’s Monument Signage at the expiration or earlier termination of this Lease or the termination of Tenant’s rights to such signage. Tenant shall protect, defend, indemnify, and hold harmless Landlord and all
Landlord Indemnities (as hereinafter defined) from all claims, damages, judgments, suits, causes of action, losses, liabilities, penalties, fines, expenses and costs (including, without limitation, sums paid in settlement of claims, attorneys’
fees, consultant fees and expert fees and court costs) (each a “Claim” and collectively the “Claims”) resulting from and/or arising in connection with or related to the use of Tenant’s Façade Signage and Tenant’s
Monument Signage by Tenant, its 

  

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agents or contractors or the removal of Tenant’s Façade Signage and Tenant’s Monument Signage by Landlord, its agents or contractors, unless
the Claim in question was caused by Landlord’s or its agents’ or contractors’ negligence or willful misconduct. As used herein, the term “Landlord Indemnities” shall mean Landlord and Landlord’s partners and their
respective officers, directors, employees, agents, affiliates, mortgagees, successors and assigns. 
 (b) Tenant may use and occupy the
Premises for the Permitted Uses and for no other purpose; provided that Tenant’s right to so use and occupy the Premises shall remain expressly subject to the provisions of this Lease, including, without limitation, the provisions of
Article 26 “Rules and Regulations”. No machinery or equipment shall be permitted that shall cause vibration, noise or disturbance beyond the Premises. Tenant, without Landlord’s consent or direction, shall not vacate the
Premises at any time during the Term, nor permit the Premises to remain unoccupied. Vacate shall be defined as Tenant’s ceasing to use the Premises for its Permitted Use or the removal of substantially all of its furniture and equipment and
personal property from the Premises. 
 (c) Tenant shall use and maintain the Premises in a clean, careful, safe, lawful and proper manner
and shall not allow within the Premises any offensive noise, odor, conduct or private or public nuisance or permit Tenant’s employees, agents, licensees or invitees to create a public or private nuisance or act in a disorderly manner within the
building or in the Project. 
 (d) Tenant shall not overload any floor or part thereof in the Premises or the Building, including any public
corridors or elevators therein, bringing in, placing, storing, installing or removing any large or heavy articles, and Landlord may prohibit, or may direct and control the location and size of, safes and all other heavy articles, and may require, at
Tenant’s sole cost and expense, supplementary supports of such material and dimensions as Landlord may deem necessary to properly distribute the weight. 
 (e) Tenant shall not install in or for the Premises, without Landlord’s prior written approval, any equipment which requires more electric current than Landlord is required to provide under this Lease, and Tenant
shall ascertain from Landlord the maximum amount of load or demand for or use of electrical current which can safely be permitted in and for the Premises, taking into account the capacity of electric wiring in the Building and the Premises and the
needs of Building common areas (interior and exterior) and the requirements of other tenants of the Building, Tenant and shall not in any event connect a greater load than such safe capacity. 
 (f) Tenant shall not commit or suffer any waste upon the Premises, Building or Project or any nuisance, or do any other act or thing which may disturb
the quiet enjoyment of any other tenant in the Building or Project. 
 (g) Tenant shall have the right, non-exclusive and in common with
others, to use the exterior paved driveways and walkways of the Building for vehicular and pedestrian access to the Building. Tenant shall be entitled to take, at no charge during the initial Term, four (4) parking spaces per 1,000 square feet
of the Premises with eighty percent (80%) of spaces being unassigned parking spaces in the parking areas to be used in common with others entitled to park in the parking areas and twenty percent (20%) of the spaces designated as full size,
reserved spaces (in a location designated by Landlord) in the parking areas; provided, however, 

  

 16 

 
Landlord may restrict or limit Tenant’s utilization of the parking areas if the same become overburdened and in such case equitably allocate on
proportionate basis or assign parking spaces among Tenant and the other tenants of the Building. Through the Term of this Lease or until Landlord and Tenant otherwise agree, Landlord shall provide an off-duty policeman to direct vehicular traffic
movement at the intersection of the Building driveway with the MoPac Expressway service road during peak rush hour times on regular business days, provided that such traffic direction is allowable under law. 
 9. ENVIRONMENTAL MATTERS. 
 (a)
Hazardous Substances. 
 (i) Tenant shall not, except as provided in subparagraph (ii) below, bring or otherwise cause to be
brought or permit any of its agents, employees, contractors or invitees to bring in, on or about any part of the Premises, Building or Project, any hazardous substance or hazardous waste in violation of law, as such terms are or may be defined in
(x) the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. 9601 et seq., as the same may from time to time be amended, and the regulations promulgated pursuant thereto (“CERCLA”); the United States
Department of Transportation Hazardous Materials Table (49 CFR 172.102); by the Environmental Protection Agency as hazardous substances (40 CFR Part 302); the Clean Air Act; and the Clean Water Act, and all amendments, modifications or
supplements thereto; and/or (y) any other rule, regulation, ordinance, statute or requirements of any governmental or administrative agency regarding the environment (collectively, (x) and (y) shall be referred to as an
“Applicable Environmental Law”). 
 (ii) Tenant may bring to and use at the Premises hazardous substances incidental to its normal
business operations under the NAI Code referenced in Article 1(n) above in the quantities reasonably required for Tenant’s normal business consistent with its occupancy and in accordance with Applicable Environmental Laws. Tenant shall
store and handle such substances in strict accordance with Applicable Environmental Laws. From time to time promptly following a request by Landlord, Tenant shall provide Landlord with documents identifying the hazardous substances stored or used by
Tenant on the Premises and describing the chemical properties of such substances and such other information reasonably requested by Landlord or Tenant. Prior to the expiration or sooner termination of this Lease, Tenant shall remove all hazardous
substances from the Premises and shall provide Landlord with an inspection report from an independent environmental engineer certifying that the Premises and the land surrounding the Premises are free of contamination from hazardous substances and
hazardous wastes. The provisions of this paragraph shall be personal to Tenant and, if Tenant ceases to occupy the Premises, Landlord’s approval to store and use hazardous substances shall automatically terminate. 
 (iii) Tenant shall defend, indemnify and hold harmless Landlord and Brandywine Realty Trust and their respective employees and agents from and against
any and all third-party claims, actions, damages, liability and expense (including all attorneys’, consultant’s and expert’s fees, expenses and liabilities incurred in defense of any such claim or any action or proceeding brought
thereon) arising from Tenant’s storage and use of hazardous substances on the Premises including, without limitation, any and all costs incurred by Landlord because of any 

  

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investigation of the Project or any cleanup, removal or restoration of the Project to remove or remediate hazardous or hazardous wastes deposited by Tenant.
Without limitation of the foregoing, if Tenant, its officers, employees, agents, contractors, licensees or invitees cause contamination of the Premises by any hazardous substances, Tenant shall promptly at its sole expense, take any and all
necessary actions to return the Premises to the condition existing prior to such contamination, or in the alternative take such other remedial steps as may be required by law or recommended by Landlord’s environmental consultant. 
 (b) NAI Numbers. 
 (i) Tenant
represents and warrants that Tenant’s NAI number as designated in the North American Industry Classification System Manual prepared by the Office of Management and Budget, and as set forth in Article 1(o) hereof, is correct. Tenant
represents that the specific activities intended to be carried on in the Premises are in accordance with Article 1(l). 
 (ii) Except
as provided in Article 9(a)(ii), Tenant shall not engage in operations at the Premises which involve the generation, manufacture, refining, transportation, treatment, storage, handling or disposal of “hazardous substances” or
“hazardous waste” as such terms are defined under any Applicable Environmental Law. Tenant further covenants that it will not cause or permit any other party in the Premises during the Term to “release” or “discharge”
(as such term is defined under Applicable Environmental Laws) on or about the Premises. 
 (iii) Tenant shall, at its expense, comply with
all requirements of Applicable Environmental Laws pertaining to Tenant’s and its agent’s, contractor’s, employee’s and invitee’s activities in the Premises. 
 (iv) In addition, upon Landlord’s written notice, Tenant shall cooperate with Landlord in obtaining Applicable Environmental Law approval of any
transfer of the Building. Tenant shall (1) execute and deliver all affidavits, reports, responses to questions, applications or other filings required by Landlord and related to Tenant’s activities at the Premises, (2) allow
inspections and testing of the Premises during normal business hours, and (3) as respects the Premises, perform any requirement reasonably required by Landlord necessary for the receipt of approvals under Applicable Environmental Laws, provided
the foregoing shall be at no out-of-pocket cost or expense to Tenant except for clean-up and remediation costs arising from Tenant’s violation of this Article 9. 
 (c) Additional Terms. 
 (i) If Tenant
fails to comply with this Article, Landlord may, after written notice to Tenant and Tenant’s failure to cure within thirty (30) days of its receipt of such notice, at Landlord’s option, perform any and all of Tenant’s obligations
as aforesaid and all costs and expenses incurred by Landlord in the exercise of this right all be deemed to be Additional Rent payable on demand and with interest at the Default Rate. Any provision of this Article to the contrary notwithstanding,
Tenant shall not be held responsible for any environmental issue at the Premises unless such issue was caused by an action or omission of Tenant or its agents, employees, consultants or invitees. 
  

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 (d) Survival. This Article 9 shall survive the expiration or sooner termination of
this Lease. 
 10. TENANT’S ALTERATIONS. 
 Tenant will not cut or drill into or secure any fixture, apparatus or equipment or make alterations, improvements or physical additions (collectively, “Alterations”) of any kind to any part of the Premises
without first obtaining Landlord’s written consent, such consent not to be unreasonably withheld or delayed. Other than Minor Alterations (as described below), Alterations shall, at Landlord’s option, be done by Landlord at Tenant’s
sole cost and expense. Landlord’s consent shall not be required for (i) the installation of any office equipment or fixtures including internal partitions which do not require disturbance of any structural elements or systems (other than
attachment thereto) within the Building or (ii) other work, including decorations, which does not require disturbance of any structural elements or cause an adverse effect to any Project systems (other than attachment thereto) within the
Building, which does not require a construction permit from a governmental authority and which costs in the aggregate less than $50,000.00 per event of improvement (“Minor Alterations”), which Alterations shall be performed by Tenant at
Tenant’s sole cost. Tenant, prior to the commencement of labor or supply of any materials for any Alteration which requires the disturbance of any structural elements or systems, must furnish to Landlord (i) a duplicate or original policy
or certificates of insurance evidencing (a) general public liability insurance for personal injury and property damage in the minimum amount of $1,000,000.00 combined single limit, (b) statutory workman’s compensation insurance, and
(c) employer’s liability insurance from each contractor to be employed (all such policies shall be non-cancelable without thirty (30) days prior written notice to Landlord and shall be in amounts and with companies satisfactory to
Landlord); (ii) construction documents prepared and sealed by a registered Texas architect; (iii) all applicable building permits required by law; and (iv) an executed, effective waiver of mechanics liens from such contractors and all
sub-contractors in states allowing for such waivers or the cost of such alteration must be bonded by Tenant. In connection with all Alterations involving Landlord’s approval, Landlord shall be entitled to collect a construction management fee
equal to five percent (5%) of the cost of the Alterations in connection with Landlord’s services in supervising and review of such Alterations. Any approval by Landlord permitting Tenant to do any or cause any work to be done in or
about the Premises shall be and hereby is conditioned upon Tenant’s work being performed by workmen and mechanics working in harmony and not interfering with labor employed by Landlord, Landlord’s mechanics or their contractors or by any
other tenant or their contractors. If at any time any of the workmen or mechanics performing any of Tenant’s work shall be unable to work in harmony or shall interfere with any labor employed by Landlord, other tenants or their respective
mechanics and contractors, then the permission granted by Landlord to Tenant permitting Tenant to do or cause any work to be done in or about the Premises, may be withdrawn by Landlord upon forty-eight (48) hours’ written notice to Tenant.
At the time Tenant installs any Alterations, Tenant shall have the right to request of Landlord whether Landlord shall require removal of such Alterations at the end of the Term. Failure of Landlord to respond to Tenant within fifteen (15) days
of such request shall be deemed an agreement that such Alterations may remain in the Premises at the end of the term. 
  

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 All Alterations (whether temporary or permanent in character) made in or upon the Premises, either by
Landlord or Tenant, shall be Landlord’s property upon installation. Except for Landlord’s Work or as otherwise expressly provided herein, the Alterations may be removed by Tenant at any time during the Term (so long as Tenant repairs any
damage caused by such removal). Subject to the immediately succeeding sentence, Landlord may provide written notice to Tenant to remove any Alterations no later than sixty (60) days prior to the expiration of this Lease, in which event (and at
such time) Tenant shall promptly remove such Alterations and restore the Premises to good order and condition. Notwithstanding anything to the contrary contained in this Lease, in no event shall Tenant be required to pay for or perform removal of
Landlord’s Work at the end of the Term. At Lease termination, all furniture, movable trade fixtures and equipment (including telephone, security and communication equipment system wiring and cabling) shall, at Landlord’s option, be removed
by Tenant and shall be accomplished in a good and workmanlike manner so as not to damage the Premises or Building and in such manner so as not to disturb other tenants in the Building. All such installations, removals and restoration shall be
accomplished in a good and workmanlike manner so as not to damage the Premises or Building and in such manner so as not to disturb other tenants in the Building. If Tenant fails to remove any items required to be removed pursuant to this Article,
Landlord may (without liability to Tenant for loss thereof and without prior notice thereof to Tenant), at Tenant’s sole cost and expense and in addition to Landlord’s other rights and remedies under this Lease, at law or in equity:
(a) remove and store such items and the reasonable costs and expenses thereof shall be deemed Additional Rent hereunder and shall be reimbursed by Tenant to Landlord within fifteen (15) business days of Tenant’s receipt of an invoice
therefor from Landlord; and/or (b) sell all or any such items at private or public sale for such price as Landlord may obtain. Landlord will apply the proceeds of any such sale to any amounts due to Landlord under this Lease from Tenant
(including, without limitation, Landlord’s attorneys’ fees and other costs incurred in the removal, storage and/or sale of such items), with any remainder to be paid to Tenant within thirty (30) days after such sale provided that no
Event of Default has occurred and is then continuing. Tenant shall indemnify, defend, protect and hold Landlord harmless from all claims resulting from any removal and/or disposition of any of the above-described property by Landlord in accordance
with this Article other than any claim resulting from the gross negligence or willful misconduct of Landlord. 
 11. CONSTRUCTION
LIENS. 
 (a) Tenant will not suffer or permit any contractor’s, subcontractor’s or supplier’s lien (a “Construction
Lien”) to be filed against the Premises or any part thereof by reason of work, labor services or materials supplied or claimed to have been supplied to Tenant; and if any Construction Lien shall at any time be filed against the Premises or any
part thereof, Tenant, within ten (10) days after notice of the filing thereof, shall cause it to be discharged of record by payment, deposit, bond, order of a court of competent jurisdiction or otherwise. If Tenant shall fail to cause such
Construction Lien to be discharged within the period aforesaid, then in addition to any other right or remedy, Landlord may, but shall not be obligated to, discharge it either by paying the amount claimed to be due or by procuring the discharge of
such lien by deposit or by bonding proceedings. Any amount so paid by Landlord, plus all of Landlord’s costs and expenses associated therewith (including, without limitation, reasonable legal fees), shall constitute Additional Rent payable by
Tenant under this Lease and shall be paid by Tenant to Landlord on demand with interest from the date of advance by Landlord at the Default Rate. 
  

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 (b) Tenant shall in no way be considered to be an agent of Landlord in connection with the installation
and/or construction of any leasehold improvements, and no leasehold improvements shall be deemed to be for the use and benefit of Landlord so that no liens shall be allowed against the estate of Landlord by reason of Landlord’s consent to the
same. Landlord will have the right to post notices that it is not responsible for the payment for any leasehold improvements made by or on behalf of Tenant. 
 12. ASSIGNMENT AND SUBLETTING. 
 (a) Subject to the remaining subsections of Article 12,
except as expressly permitted pursuant to this Article, Tenant shall not, without Landlord’s prior written consent, such consent not to be unreasonably withheld, assign, transfer or hypothecate this Lease or any interest herein or sublet the
Premises or any part thereof. Any of the foregoing acts without such consent shall be void and shall, at the option of Landlord, terminate this Lease. Subject to subparagraph 12(j) below, this Lease shall not, nor shall any interest herein, be
assignable as to the interest of Tenant by operation of law or by merger, consolidation or asset sale, without Landlord’s written consent. 
 (b) If Tenant is proposing to assign this Lease or to sublet sixty-six percent (66%) or more of the total net rentable area of the Premises, Tenant shall provide Landlord with a written notice of its intent to do so and Landlord may,
at its option, and in its sole and absolute discretion, exercisable by notice given to Tenant within thirty (30) days following Landlord’s receipt of Tenant’s notice, elect to recapture (i) the Premises if Tenant is proposing to
sublet the Premises or assign this Lease or (ii) such portion as is proposed by Tenant to be sublet (and in each case, the designated and non-designated parking spaces included in this demise, or a pro-rata portion thereof in the instance of
the recapture of less than all of the Premises), and terminate this Lease with respect to the space being recaptured. Tenant shall not sublet the Premises in a series of transactions as a means of circumventing Landlord’s recapture right if
Tenant’s intent is to sublet sixty-six percent (66%) or more of the total net rentable area of the Premises. 
 (c) If Tenant
desires to assign this Lease or sublet all or any part of the Premises, Tenant shall give notice to Landlord of such desire, including the name, address and contact party for the proposed assignee or subtenant, a description of such party’s
business history, the effective date of the proposed assignment or sublease (including the proposed occupancy date by the proposed assignee or sublessee), and in the instance of a proposed sublease, the square footage to be subleased, a floor plan
professionally drawn to scale depicting the proposed sublease area, and a statement of the duration of the proposed sublease (which shall in any and all events expire by its terms prior to the scheduled expiration of this Lease, and immediately upon
the sooner termination hereof). 
 (d) If Landlord elects to recapture the Premises or a portion thereof as aforesaid, then from and after
the effective date thereof as approved by Landlord, after Tenant shall have fully performed such obligations as are enumerated herein to be performed by Tenant 

  

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in connection with such recapture, and except as to obligations and liabilities accrued and unperformed on the effective date of Landlord’s recapture
(and any other obligations expressly stated in this Lease to survive the expiration or sooner termination of this Lease), Tenant shall be released of and from all lease obligations thereafter otherwise accruing with respect to the Premises (or such
lesser portion as shall have been recaptured by Landlord). The Premises, or such portion thereof as Landlord shall have elected to recapture, shall be delivered by Tenant to Landlord free and clear of all furniture, furnishings, personal property
and removable fixtures, with Tenant repairing and restoring any and all damage to the Premises resulting from the installation, handling or removal thereof, and otherwise in the same condition as Tenant is, by the terms of this Lease, required to
redeliver the Premises to Landlord upon the expiration or sooner termination of this Lease. In the event of a sublease of less than all of the Premises, the reasonable cost of erecting any required demising walls, entrances and entrance corridors,
and any other or further improvements reasonably required in connection therewith, including without limitation, modifications to HVAC, electrical, plumbing, fire, life safety and security systems (if any), painting, wallpapering and other finish
items as may be acceptable to or specified by Landlord, all of which improvements shall be made in accordance with applicable legal requirements and Landlord’s then-standard base building specifications, shall be performed by Landlord’s
contractors, and shall be divided evenly Tenant and Landlord. If Landlord recaptures the Premises (or any portion thereof), Tenant’s Fixed Rent, Operating Expenses and other monetary obligations hereunder shall be pro-rated based upon the
reduced rentable square footage then comprising the Premises. 
 (e) If Landlord provides written notification to Tenant electing not to
recapture the Premises (or so much thereof as Tenant had proposed to sublease), or if Landlord does not have a recapture right due to the size of the floor area to be covered by the proposed sublease, then Tenant may proceed to market the designated
space and may complete such transaction and execute an assignment of this Lease or a sublease agreement (in each case in form acceptable to Landlord) within a period of five (5) months next following the earlier of (i) Landlord’s
notice to Tenant that it declines to recapture such space, or (ii) the date that Tenant gives Landlord notice of its desire to assign (if Landlord does not have a recapture right) provided that Tenant shall have first obtained in any such case
Landlord’s prior written consent to such transaction, which consent shall not be unreasonably withheld. (Provided that Tenant has delivered the required submittals to Landlord with its request for consent, and Tenant has requested such consent
at least thirty (30) days prior to the effective date of the proposed sublease or assignment, Landlord shall provide Tenant with Landlord’s written response within ten (10) business days after receipt of Tenant’s request and
submittals.) If, however, Tenant shall not have assigned this Lease or sublet the Premises with Landlord’s prior written consent as aforesaid within such five (5) month period, then in such event, Tenant shall again be required to request
Landlord’s consent to the proposed transaction, whereupon Landlord’s right to recapture the Premises, if applicable, shall be renewed upon the same terms and as otherwise provided in subsection 12(b) above. Tenant’s
Monument Signage right, Tenant’s Façade Signage right, Tenant’s Right of First Refusal and its right to exercise the two Renewal Terms shall accrue to a permitted assignee of this Lease and Tenant or such permitted assignee may
permit a permitted sublessee of not less than 66% of the floor area of the Premises to require Tenant or such assignee to exercise Tenant’s Monument Signage right and Tenant’s Façade Signage right on its behalf so long as such
subtenant is then occupying at least 66% of the rentable floor area of the Premises. Upon a permitted assignee or permitted sublessee obtaining such rights, Tenant herein 

  

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named shall be deemed to have forfeited same (to the extent not already transferred by the applicable assignment). Notwithstanding the foregoing, in no event
shall Landlord’s consent (as described herein) to the exercise of the foregoing rights by Tenant’s permitted assignee or upon the direction of a permitted sublessee alter or abrogate any assignment or sublease documentation required by
Landlord in connection with its consent to an assignment of this Lease or a sublease hereunder. 
 For purposes of this
Article 12(e), and without limiting the basis upon which Landlord may withhold its consent to any proposed assignment or sublease, it shall not be unreasonable for Landlord to withhold its consent to such assignment or sublease if:
(i) the proposed assignee or sublessee shall have no reliable credit history or an unfavorable credit history, or other reasonable evidence exists that the proposed assignee or sublessee will experience difficulty in satisfying its financial or
other obligations under this Lease; (ii) the proposed assignee of sublessee, in Landlord’s reasonable opinion, is not reputable and of good character; (iii) the portion of the Premises requested to be subleased renders the balance of
the Premises unleasable as a separate area; (iv) Tenant is proposing to assign or sublease to an existing tenant of the Building or another property owned by Landlord or by its partners, or to another prospect with whom Landlord or its
partners, or their affiliates are then negotiating and in either case, Landlord has a space available for lease that is substantially similar to the premises being offered by Tenant in size, type and location; (v) the proposed assignee or
sublessee will cause Landlord’s existing parking facilities to be reasonably inadequate, or in violation of code requirements, or require Landlord to increase the parking area or the number of parking spaces to meet code requirements;
(vi) the proposed assignee or sublessee is either a governmental authority or agency, an organization or person enjoying sovereign or diplomatic immunity, a medical or dental practice or other user which will attract a volume, frequency or type
of visitor or employee to the Building which is not consistent with the standards of a high quality office building or which will impose an excessive demand on or use of the facilities or services of the Building, or not of the type of tenant which
Landlord would reasonably consider as a tenant in the Building; or (vii) the nature of such party’s proposed business operation would or might reasonably permit or require the use of the Premises in a manner inconsistent with the
“Permitted Use” specified herein, would or might reasonably otherwise be in conflict with express provisions of this Lease, would or might reasonably violate the terms of any other lease for the Building, or would, in Landlord’s
reasonable judgment, otherwise be incompatible with other tenancies in the Building. 
 (f) Any sums or other economic consideration received
by Tenant as a result of any subletting, assignment or license (except costs associated with leasehold improvements made by Tenant for any assignee or subtenant including rental or other payments received which are attributable to the amortization
of the cost of leasehold improvements made to the sublet or assigned portion of the Premises by Tenant for subtenant or assignee, and other reasonable expenses incident to the subletting or assignment, including standard leasing commissions and
attorneys fees and further including reasonably amounts charged by Tenant to any assignee or subtenant for purchase or use of Tenant’s personal property or for the provision of services by tenant to such party) whether denominated rentals under
the sublease or otherwise, which exceed, in the aggregate, the total sums which Tenant is obligated to pay Landlord under this Lease (prorated to reflect obligations allocable to that portion of the Premises subject to such sublease or assignment)
shall be divided evenly between Landlord and Tenant, with Landlord’s portion being payable to Landlord as Additional Rent under this Lease without affecting or reducing any other obligation of Tenant hereunder. 
  

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 (g) Regardless of Landlord’s consent, no subletting or assignment shall release Tenant of
Tenant’s obligation or alter the primary liability of Tenant to pay the Rent and to perform all other obligations to be performed by Tenant hereunder. The acceptance of rental by Landlord from any other person shall not be deemed to be a waiver
by Landlord of any provision hereof. Consent to one assignment or subletting shall not be deemed consent to any subsequent assignment or subletting. If any assignee or successor of Tenant defaults in the performance of any of the terms hereof,
Landlord may proceed directly against Tenant without the necessity of exhausting remedies against such assignee or successor. 
 (h) If
(i) the Premises or any part thereof are sublet and thereafter there is an Event of Default by Tenant under this Lease, or (ii) this Lease is assigned by Tenant, then, Landlord may collect Rent from the assignee or subtenant and apply the
net amount collected to the rent herein reserved; but no such collection shall be deemed a waiver of the provisions of this Article 12 with respect to assignment and subletting, or the acceptance of such assignee or subtenant as Tenant
hereunder, or a release of Tenant from further performance of the covenants herein contained. 
 (i) In connection with each proposed
assignment or subletting of the Premises by Tenant, Tenant shall pay to Landlord (i) an administrative fee of $250.00 per request (including requests for non-disturbance agreements and Landlord’s or its lender’s waivers) in order to
defer Landlord’s administrative expenses arising from such request, plus (ii) Landlord’s reasonable attorneys’ fees. 
 (j) Notwithstanding anything to the contrary contained in this Lease and without any right of Landlord to any consideration associated therewith pursuant to Section 12(f) above, Tenant may, after notice to, but without the
consent of Landlord, assign this Lease to an affiliate (i.e., a corporation fifty percent (50%) or more of whose capital stock is owned by the same stockholders owning fifty percent (50%) or more of Tenant’s capital stock),
parent or subsidiary corporation of Tenant or to a corporation to which it sells or assigns all of substantially all of its assets or stock or with which it may be consolidated or merged (in each instance, an “Affiliate”), or to a
corporation which acquires fifty-one percent (51%) or more of Tenant’s capital stock provided such purchasing, consolidated, merged, affiliated or subsidiary corporation shall, in writing, assume and agree to perform all of the obligations
of Tenant under this Lease, shall have a net worth at least equal to that of Tenant immediately prior to such assignment or the occurrence of such transaction, and it shall deliver such assumption with a copy of such assignment to Landlord within
ten (10) days thereafter, and provided further that Tenant shall not be released or discharged from any liability under this Lease by reason of such assignment. 
 (k) Anything in this Article 12 to the contrary notwithstanding, no assignment or sublease shall be permitted under this Lease if there is an uncured default by Tenant (for which Landlord has notified
Tenant) then existing at the time of such assignment or subletting. 
  

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 (l) Anything in this Article to the contrary notwithstanding, no subtenant shall assign such
subtenant’s sublease nor sub-sublet such subtenant’s premises without Landlord’s prior written consent. If Landlord does so consent, to the extent that any subtenant receives any excess consideration or profit from such sublease, all
such excess consideration and profit shall be immediately payable by such subtenant to Landlord. 
 13. LANDLORD’S RIGHT OF
ENTRY. 
 Landlord and persons authorized by Landlord may enter the Premises at all reasonable times upon reasonable advance notice
(except in the case of an emergency in which case no prior notice is necessary) for the purpose of inspections, repairs, alterations to adjoining space, appraisals, or other reasonable purposes; including enforcement of Landlord’s rights under
this Lease. Landlord shall not be liable for inconvenience to or disturbance of Tenant by reason of any such entry; provided, however, that in the case of repairs or work, such shall be done, so far as practicable, so as to not unreasonably
interfere with Tenant’s use of the Premises. Provided, however, that such efforts shall not require Landlord to use overtime labor unless Tenant shall pay for the increased costs to be incurred by Landlord for such overtime labor. Landlord also
may enter the Premises at all reasonable times after giving prior oral notice to Tenant, to exhibit the Premises to any prospective purchaser and/or mortgagee. During the last year of the Term, Landlord also may enter the Premises at all reasonable
times after giving prior oral notice to Tenant, to exhibit the Premises to any prospective tenants. 
 14. REPAIRS AND MAINTENANCE.

 (a) Except as specifically otherwise provided in subparagraphs (b) and (c) of this Article, Tenant, at its sole cost and expense
and throughout the Term of this Lease, shall keep and maintain the Premises in good order and condition, free of accumulation of dirt and rubbish, and shall promptly make all non-structural repairs necessary to keep and maintain such good order and
condition. If requested by Tenant, Landlord shall make such repairs to the Premises within a reasonable time of notice to Landlord and shall charge Tenant for such services at Landlord’s standard rate (such rate to be competitive with the
market rate for such services). When used in this Article 14, the term “repairs” shall include replacements and renewals when necessary. All repairs made by Tenant shall utilize materials and equipment which are at least equal
in quality and usefulness to those originally used in constructing the Building and the Premises. 
 (b) Landlord, throughout the Term of
this Lease and at Landlord’s sole cost and expense, shall make all necessary repairs to the slab, footings and foundations and the load bearing walls (if any), structural steel columns and girders and roof structure forming a part of the
Premises. 
 (c) Landlord shall maintain, repair and replace as necessary all HVAC systems, plumbing and electric systems serving the
Building and the Premises, including, without limitation, any bathrooms in the Premises. Tenant’s Allocated Share of Landlord’s cost for HVAC, electric and plumbing service, maintenance and repairs, as limited under Article 6
with respect to capital expenditures, shall be included as a portion of Operating Expenses as provided in Article 6. 
  

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 (d) Landlord, throughout the Term of this Lease, shall make all necessary repairs and replacements to the
Building outside of the Premises and the common areas, including the roof membrane, non load-bearing walls, exterior portions of the Premises and the Building, utility lines, equipment and other utility facilities in the Building, which serve more
than one tenant of the Building, and to any driveways, sidewalks, curbs, loading, parking and landscaped areas, and other exterior improvements for the Building; provided, however, that Landlord shall have no responsibility to make any repairs
unless and until Landlord receives written notice of the need for such repair or Landlord has actual knowledge of the need to make such repair. Tenant shall pay Tenant’s Allocated Share of the cost of all repairs, as limited under
Article 6 with respect to capital repairs, to be performed by Landlord pursuant to this Paragraph 14(d) as Additional Rent as provided in Article 6 hereof. 
 (e) Landlord shall keep and maintain all common areas appurtenant to the Building and any sidewalks, parking areas, curbs and access ways adjoining the
Project in a clean and orderly condition, free of accumulation of dirt, rubbish, snow and ice, and shall keep and maintain all landscaped areas in a neat and orderly condition. Tenant shall pay its Allocated Share of the cost of all work to be
performed by Landlord pursuant to this Paragraph 14(e) as Additional Rent as provided in Article 6 hereof. Landlord’s obligation to provide snow removal services shall be limited to the parking areas and the sidewalk entrances
to the Building. 
 (f) Except as otherwise provided in this Lease, repairs to the Premises, Building or Project and its appurtenant common
areas made necessary by a negligent or willful act or omission of Tenant or any employee, agent, contractor, or invitee of Tenant shall be made at the sole cost and expense of Tenant, except to the extent of insurance proceeds received by Landlord.

 (g) Landlord shall provide Tenant with janitorial services for the Premises Monday through Friday of each week and the Tenant shall pay
its Allocated Share of the cost thereof as Additional Rent as provided in Article 6 hereof. 
 (h) Landlord reserves the right at
any time and from time to time to make or permit changes to or revisions in the Building common areas and/or the Project, including, but not limited to, additions, subtractions, rearrangements or other modifications thereto (including, but not
limited to, rearranging or modifying any entrances and/or exits), so long as Tenant’s access to and from the Premises, Tenant’s parking rights and the visibility of the Premises are not materially and adversely affected, and so long as
such changes are not undertaken for the purpose of increasing Tenant’s obligations under this Lease. 
 15. INSURANCE; SUBROGATION
RIGHTS. 
 (a) Tenant shall obtain and keep in force at all times during the term hereof, at its own expense, Commercial General Liability
insurance including contractual liability and personal injury liability and all similar coverage, with combined single limits of $3,000,000.00 on account of bodily injury to or death of one or more persons as the result of any one accident or
disaster and on account of damage to property, or in such other amounts as Landlord may from time to time require. Tenant shall also require its movers to procure and deliver to Landlord a certificate of insurance naming Landlord as an additional
insured. 
  

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 (b) Tenant shall, at its sole cost and expense, maintain in full force and effect on all Tenant’s
trade fixtures, equipment and personal property on the Premises, (i) a policy of Commercial Property insurance covering the full replacement value of such property; (ii) Worker’s Compensation and Employer’s Liability insurance,
with a waiver of subrogation endorsement, in form and amount as required by applicable law; (iii) in the event Tenant performs any repairs or alterations in the Premises, Builder’s Risk insurance on an “All Risk” basis (including
collapse) on a completed value (non–reporting) form for full replacement value covering all work incorporated in the Building and all materials and equipment in or about the Premises; and (iv) Business Interruption insurance in an amount
that will reimburse Tenant for direct or indirect loss of earnings attributable to all perils insured against under Article 15(b)(i) or attributable to the prevention of access to the Premises by civil authority, and sufficient to
reimburse Tenant for Rent in the event of a casualty to, or temporary taking of, the Building or the Premises; and (v) any other form or forms of insurance or any changes or endorsements to the insurance required herein as any mortgagee or
lessor of Landlord may reasonably require, from time to time, in form or in amount. 
 (c) All insurance required hereunder shall not be
subject to cancellation without at least thirty (30) days prior notice to all insureds, and shall name Landlord, Brandywine Realty Trust, Landlord’s Agent and Tenant as insureds, as their interests may appear, and, if requested by
Landlord, shall also name as an additional insured any mortgagee or holder of any mortgage which may be or become a lien upon any part of the Premises. Prior to the commencement of the Term, Tenant shall provide Landlord with certificates which
evidence that the coverages required have been obtained for the policy periods. Tenant shall also furnish to Landlord throughout the Term hereof replacement certificates at least thirty (30) days prior to the expiration dates of the then
current policy or policies. All the insurance required under this Lease shall be issued by insurance companies authorized to do business in the State of Texas with a financial rating of at least an A-X as rated in the most recent edition of
Best’s Insurance Reports and in business for the past five years. The limit of any such insurance shall not limit the liability of Tenant hereunder. If Tenant fails to procure and maintain such insurance and does not obtain such insurance
within three (3) business days of receipt of written notice from Landlord notifying Tenant of such failure, Landlord may, but shall not be required to, procure and maintain the same, at Tenant’s expense to be reimbursed by Tenant as
Additional Rent within ten (10) days of written demand. Any deductible under such insurance policy or self-insured retention under such insurance policy in excess of Twenty-Five Thousand Dollars ($25,000.00) must be approved by Landlord in
writing prior to issuance of such policy. Tenant shall not self-insure without Landlord’s prior written consent. The policy limits set forth herein shall be subject to periodic review, and Landlord reserves the right to require that Tenant
increase the liability coverage limits if, in the reasonable opinion of Landlord, the coverage becomes inadequate or is less than commonly maintained by tenants of similar buildings in the area making similar uses. 
 (d) Landlord shall obtain and maintain the following insurance during the Term of this Lease: (i) replacement cost insurance including “special
form” property insurance on the Building and on the Project for the full replacement cost of the Project less footings and foundations, (ii) builder’s risk insurance for the Landlord Work to be constructed by Landlord in the Project,
and (iii) commercial general liability insurance (including bodily injury and property damage) covering Landlord’s operations at the Project in amounts reasonably required by the Landlord’s lender or Landlord. 
  

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 (e) Notwithstanding anything to the contrary contained in this Lease, each party hereto, and anyone
claiming through or under them by way of subrogation, waives and releases any cause of action it might have against the other party, Brandywine Realty Trust and their respective employees, officers, members, partners, trustees and agents, on account
of any loss or damage that is insured against (or required to be insured against) under any insurance policy required to be obtained hereunder (to the extent that such loss or damage is recoverable under such insurance policy) that covers the
Project, Building or Premises, Landlord’s or Tenant’s fixtures, personal property, Leasehold Improvements or business and which names Landlord and Brandywine Realty Trust or Tenant, as the case may be, as a party insured (INCLUDING,
WITHOUT LIMITATION, ALL RIGHTS [BY WAY OF SUBROGATION OR OTHERWISE] OF RECOVERY, CLAIMS, ACTIONS OR CAUSES OF ACTION ARISING OUT OF, OR CAUSED BY, THE FAULT, NEGLIGENCE OR OTHER TORTIOUS CONDUCT, ACTS OR OMISSIONS OF LANDLORD, TENANT, BRANDYWINE
REALTY TRUST OR THEIR RESPECTIVE EMPLOYEES, OFFICERS, MEMBERS, PARTNERS, TRUSTEES OR AGENTS). Each party hereto shall cause its insurance carrier to endorse all applicable policies waiving the carrier’s right of recovery under subrogation
or otherwise against the other party. During any period while such waiver of right of recovery is in effect, each party shall look solely to the proceeds of such policies for compensation for loss, to the extent such proceeds are paid under such
policies. 
 16. WAIVER AND INDEMNIFICATION. 
 Except to the extent of any negligence or willful misconduct of Landlord or its agents, contractors or employees, Tenant shall defend, indemnify and hold harmless Landlord, and Brandywine Realty Trust and their
respective employees and agents from and against any and all third-party claims, actions, damages, liability and expense (including all reasonable attorneys’ fees, expenses and liabilities incurred in defense of any such claim or any action or
proceeding brought thereon) arising from (i) Tenant’s improper use of the Premises, (ii) the improper conduct of Tenant’s business, (iii) any activity, work or things done, permitted or suffered by Tenant or its agents,
licensees or invitees in or about the Premises or elsewhere contrary to the requirements of this Lease, (iv) any breach or default in the performance of any obligation of Tenant’s part to be performed under the terms of this Lease, and
(v) any negligence or willful act of Tenant or any of Tenant’s agents, contractors, employees or invitees. Without limiting the generality of the foregoing, Tenant’s obligations shall include any case in which Landlord, Brandywine
Realty Trust or their respective employees or agents shall be made a party to any litigation commenced by or against Tenant, its agents, subtenants, licensees, concessionaires, contractors, customers or employees, in which case Tenant shall defend,
indemnify and hold harmless Landlord, and Brandywine Realty Trust and their respective employees or agents and shall pay all costs, expenses and reasonable attorneys’ fees incurred or paid by Landlord, and Brandywine Realty Trust and their
respective employees or agents in connection with such litigation, after notice to Tenant and Tenant’s refusal to defend such litigation, and upon notice from Landlord shall defend the same at Tenant’s expense by counsel satisfactory to
Landlord. 
  

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 Except to the extent of any negligence or willful misconduct of Tenant or its agents, contractors,
employees or invitees, Landlord shall defend, indemnify and hold harmless Tenant and its employees and agents from and against any and all third-party claims, actions, damages, liability and expense (including all reasonable attorneys’ fees,
expenses and liabilities incurred in defense of any such claim or any action or proceeding brought thereon) arising from (i) any activity, work or things done, permitted or suffered by Landlord or its agents, in or about the Premises or
elsewhere contrary to the requirements of this Lease, (ii) any breach or default in the performance of any obligation of Landlord’s part to be performed under the terms of this Lease, and (iii) any negligence or willful act of
Landlord or any of Landlord’s agents, contractors or employees. 
 17. QUIET ENJOYMENT. 
 Provided Tenant has performed all of the terms and conditions of this Lease, including the payment of Fixed Rent and Additional Rent, to be performed by
Tenant, Tenant shall peaceably and quietly hold and enjoy the Premises for the Term, without hindrance from Landlord, or anyone claiming by through or under Landlord under and subject to the terms and conditions of this Lease and of any mortgages
now or hereafter affecting all of or any portion of the Premises. 
 18. FIRE DAMAGE. 
 (a) Except as provided below, in case of damage to the Premises by fire or other insured casualty, Landlord shall repair the damage. Such repair work
shall be commenced promptly following notice of the damage and completed with due diligence, taking into account the time required for Landlord to effect a settlement with and procure insurance proceeds from the insurer, except for delays due to
governmental regulation, scarcity of or inability to obtain labor or materials, intervening acts of God or other causes beyond Landlord’s reasonable control. 
 (b) Notwithstanding the foregoing, if (i) the damage is of a nature or extent that, in Landlord’s reasonable judgment (to be communicated to Tenant within ninety (90) days from the date of the
casualty), the repair and restoration work would require more than two hundred seventy (270) consecutive days to complete after the determination by Landlord of the required repair or restoration work (assuming normal work crews not
engaged in overtime), or (ii) if more than thirty percent (30%) of the total area of the Building is extensively damaged, or (iii) the casualty occurs in the last Lease Year of the Term and Tenant has not exercised a renewal
right, either party may terminate this Lease and all the unaccrued obligations of the parties hereto, by sending written notice of such termination to the other within ten (10) days of Tenant’s receipt of the notice from Landlord described
above. Such notice is to specify a termination date no less than fifteen (15) days after its transmission. 
 (c) If the insurance
proceeds received by Landlord as dictated by the terms and conditions of any financing then existing on the Building (excluding any rent insurance proceeds and any applicable deductibles) would not be sufficient to pay for repairing the damage or
are required to be applied on account of any mortgage which encumbers any part of the Premises or Building, or if the nature of loss is not covered by Landlord’s fire insurance coverage, Landlord may elect either to (i) repair the damage
as above provided notwithstanding such fact or (ii) terminate this Lease by giving Tenant notice of Landlord’s election as aforesaid. 
  

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 (d) If Landlord has not completed restoration of the Premises within two hundred seventy (270)
days from the date of Landlord’s determination of the required repair or restoration work as set forth in Section 18(b) above (subject to delay due to weather conditions, shortages of labor or materials or other reasons beyond
Landlord’s control, not to exceed an additional 30 days), Tenant may terminate this Lease by written notice to Landlord within thirty (30) business days following the expiration of such two hundred seventy (270) day period (as
extended for reasons beyond Landlord’s control as provided above) unless, within thirty (30) business days following receipt of such notice, Landlord has substantially completed such restoration and delivered the Premises to Tenant for
occupancy. Notwithstanding the foregoing, if Tenant is responsible for the aforesaid casualty, Tenant shall not have the right to terminate this Lease if Landlord is willing to rebuild and restore the Premises. 
 (e) In the event of damage or destruction to the Premises or any part thereof, Tenant’s obligation to pay Fixed Rent and Additional Rent shall be
equitably adjusted or abated. 
 (f) Tenant shall have no right to terminate this Lease as a result of any damage or destruction of the
Premises or any part thereof, except as expressly provided in this Article 18. The provisions of this Lease, including this Article, constitute an express agreement between Landlord and Tenant with respect to any and all damage to, or
destruction of, all or any part of the Premises, and any statute or regulation of the State of Texas, with respect to any rights or obligations concerning damage or destruction in the absence of an express agreement between the parties, and any
other statute or regulation, now or hereafter in effect, shall have no application to this Lease or any damage or destruction to all or any part of the Premises. 
 19. SUBORDINATION; RIGHTS OF MORTGAGEE. 
 (a) This Lease shall be subject and subordinate at all times
to any underlying lease now or hereafter in existence and the lien of any mortgages now or hereafter placed upon the Premises, Building and/or Project and land of which they are a part; provided, however, that with respect to future subordination,
the holder of such lease or lien hereafter placed upon the Premises executes a commercially reasonable form of subordination and non-disturbance agreement under the terms of which such party shall agree that the leasehold estate granted to Tenant
under this Lease will not be terminated or disturbed by reason of the termination or expiration of the underlying lease or the foreclosure of the mortgage held by Landlord’s Mortgagee, so long as Tenant is not in default under this Lease beyond
all applicable grace, notice and cure periods and Tenant pays all sums due under this Lease without offsets or defenses thereto and fully performs and complies with all of the terms, covenants and conditions of this Lease on the part of Tenant to be
performed and/or complied with (“SNDA”). Tenant shall execute and deliver upon demand such reasonable further instrument or instruments evidencing such subordination of this Lease to any such lease or the lien of any such mortgage and such
further instrument or instruments of attornment as shall be desired by any lessor or Mortgagee (as hereinafter defined) or proposed Mortgagee or by any other person. Notwithstanding the foregoing, any lessor or Mortgagee may at any time subordinate
its lease or mortgage, respectively, to this Lease, without Tenant’s consent, by notice in writing to Tenant, 

  

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and thereupon this Lease shall be deemed prior to such lease or mortgage without regard to their respective dates of execution and delivery and in that event
such lessor or Mortgagee shall have the same rights with respect to this Lease as though it had been executed prior to the execution and delivery of the lease or mortgage. If a successor landlord or Mortgagee or their respective successors or
assigns shall enter into and lawfully become possessed of the Premises covered by this Lease and shall succeed to the rights of Landlord hereunder, Tenant will attorn to the successor as its landlord under this Lease and, upon the request of such
successor landlord, Tenant will execute and deliver an attornment agreement in favor of the successor landlord. 
 (b) If Landlord shall be
or is alleged to be in default of any of its obligations owing to Tenant under this Lease, Tenant shall give the lessor or holder of any mortgage (collectively the “Mortgagee”) now or hereafter placed upon the Premises, Building and/or
Project, notice by overnight mail of any such default which Tenant shall have served upon Landlord, provided that prior thereto Tenant has been notified in writing (by way of Notice of Assignment of Rents and/or Leases or otherwise in writing to
Tenant) of the name and addresses of any such lessor or Mortgagee. Tenant shall not be entitled to exercise any right or remedy as there may be because of any default by Landlord without having given such notice to the lessor or Mortgagee. If
Landlord shall fail to cure such default the lessor or Mortgagee shall have sixty (60) additional days beyond the time period for Landlord’s cure of such default hereunder. 
 20. CONDEMNATION. 
 (a) If more than
twenty percent (20%) of the floor area of the Premises is taken or condemned for a public or quasi-public use (a sale in lieu of condemnation to be deemed a taking or condemnation for purposes of this Lease), this Lease shall, at either
party’s option, terminate as of the date title to the condemned real estate vests in the condemnor, and the Fixed Rent and Additional Rent herein reserved shall be apportioned and paid in full by Tenant to Landlord to that date and all Rent
prepaid for period beyond that date shall forthwith be repaid by Landlord to Tenant and neither party shall thereafter have any liability hereunder. 
 (b) If less than twenty percent (20%) of the floor area of the Premises is taken or if neither Landlord nor Tenant have elected to terminate this Lease pursuant to the preceding sentence, Landlord shall do
such work as may be reasonably necessary to restore the portion of the Premises not taken to tenantable condition for Tenant’s uses, but shall not be required to expend more than the net award Landlord reasonably expects to be available for
restoration of the Premises. If Landlord determines that the damages available for restoration of the Building and/or Project will not be sufficient to pay the cost of restoration, or if the condemnation damage award is required to be applied on
account of any mortgage which encumbers any part of the Premises, Building and/or Project, Landlord may terminate this Lease by giving Tenant thirty (30) days prior notice specifying the termination date. 
 (c) If this Lease is not terminated after any such taking or condemnation, the Fixed Rent and the Additional Rent shall be equitably reduced in
proportion to the area of the Premises which has been taken for the balance of the Term. 
 (d) If a part or all of the Premises shall be
taken or condemned, all compensation awarded upon such condemnation or taking shall go to Landlord and Tenant shall 

  

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have no claim thereto other than Tenant’s damages associated with Tenant’s good will, moving, storage and relocation; and Tenant hereby expressly
waives, relinquishes and releases to Landlord any claim for damages or other compensation to which Tenant might otherwise be entitled because of any such taking or limitation of the leasehold estate hereby created, and irrevocably assigns and
transfers to Landlord any right to compensation of all or a part of the Premises or the leasehold estate. 
 21. ESTOPPEL CERTIFICATE.

 Each party shall, within ten (10) business days after the other party’s written request, execute, acknowledge and deliver to the
other party a written instrument in recordable form certifying all information reasonably requested, including but not limited to, the following: that this Lease is unmodified and in full force and effect (or if there have been modifications, that
it is in full force and effect as modified and stating the modifications), the Commencement Date, the expiration date of this Lease, the square footage of the Premises, the rental rates applicable to the Premises, the dates to which Fixed Rent,
Additional Rent, and other charges have been paid in advance, if any, and stating whether or not to the best knowledge of the party signing such certificate, the requesting party is in default in the performance of any covenant, agreement or
condition contained in this Lease and, if so, specifying each such default of which the signer may have knowledge. It is intended that any such certification and statement delivered pursuant to this Article may be relied upon by any prospective
purchaser of the Project or any mortgagee thereof or any assignee of Landlord’s interest in this Lease or of any mortgage upon the fee of the Premises or any part thereof. 
 22. DEFAULT. 
 (a) An “Event of
Default” shall be deemed to have occurred if: 
 (i) Tenant fails to pay any installment of Fixed Rent or any amount of Additional Rent
when due; provided, however, Landlord shall provide written notice of the failure to pay such Rent and Tenant shall have a five (5) day cure period from its receipt of such Landlord’s notice (facsimile receipt being deemed to be notice
hereunder) within which to pay such Rent without creating a default hereunder. The late fee set forth in Article 5 hereof shall be due and payable as provided in said Article 5. No additional notice shall be required
thereafter and Landlord shall be entitled to immediately exercise its remedies hereunder if payment is not received when due. 
 (ii) Tenant
abandons the Premises (other than in the case of a permitted subletting or assignment) or vacates the Premises without adequate provision for security of the Premises. 
 (iii) Tenant fails to bond over a Construction Lien within the time period set forth in Article 11, 
 (iv) Tenant fails to observe or perform any of Tenant’s other non-monetary agreements or obligations herein contained within thirty (30) days after written notice specifying the default, or the expiration of such additional time
period as is reasonably necessary to cure such default, provided Tenant immediately commences and thereafter proceeds with all due diligence and in good faith to cure such default, 
  

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 (v) Tenant makes any assignment for the benefit of creditors, 
 (vi) a petition is filed or any proceeding is commenced against Tenant or by Tenant under any federal or state bankruptcy or insolvency law and such
petition or proceeding is not dismissed within forty five (45) days, 
 (vii) a receiver or other official is appointed for Tenant
or for a substantial part of Tenant’s assets or for Tenant’s interests in this Lease, 
 (viii) any attachment or execution
against a substantial part of Tenant’s assets or of Tenant’s interests in this Lease remains unstayed or undismissed for a period of more than ten (10) days, 
 (ix) a substantial part of Tenant’s assets or of Tenant’s interest in this Lease is taken by legal process in any action against Tenant,

 (x) unpermitted assignment or sublease in violation of Article 12, or 
 (xi) Tenant fails to maintain any insurance required to be maintained by Tenant under this Lease and same is not cured within ten (10) days after
written notice from Landlord, 
 then, in any such event, an Event of Default shall be deemed to exist and Tenant shall be in default hereunder. 

(b) Upon the occurrence of an Event of Default, then, and in any such event, Landlord, in addition to the other rights or remedies it may have under
this Lease, at law or in equity and without prejudice to any of the same, shall have the option, without any notice to Tenant and with or without judicial process, to pursue any one or more of the following remedies: 
 (i) Landlord may terminate this Lease, in which event Tenant shall immediately surrender the Premises to Landlord. 
 (ii) Landlord may enter upon and take custodial possession of all or any portion of the Premises, lock out or remove Tenant and any other person
occupying all or any portion of the Premises and alter the locks and other security devices at the Premises, all without demand or notice of any kind to Tenant and without Landlord being deemed guilty of trespass or becoming liable for any resulting
loss or damage and without causing a termination or forfeiture of this Lease or of Tenant’s obligation to pay Rent. If Landlord changes the lock(s) to door(s) into the Premises and Tenant is then delinquent in the payment of Rent due hereunder,
a new key will be provided to Tenant only if no default then exists by Tenant under this Lease and the amount of the delinquent Rent is paid to Landlord by cashier’s check or other payment medium of immediately available funds that is
acceptable to Landlord in its sole discretion. 
  

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 (iii) Landlord may enter all or any portion of the Premises and take possession of and remove any and
all trade fixtures and other personal property situated thereon, without demand or notice of any kind to Tenant and without liability for trespass or conversion. Landlord may retain control over all such property for the purpose of foreclosing the
liens and security interests, if any, described in Article 23 below by public or private sale. If Landlord takes possession of and removes personal property from the Premises, then prior to any disposition of the property by sale or
until Tenant reclaims the property if no foreclosure by public or private sale is contemplated, Landlord may store it in a public warehouse or elsewhere at the cost of and for the account of Tenant without the resort to legal process and without
becoming liable for any resulting loss or damage. 
 (iv) Landlord may terminate Tenant’s right of possession (but not this Lease) and
may repossess the Premises by forcible detainer or forcible entry and detainer suit or otherwise, without demand or notice of any kind to Tenant and without terminating this Lease. If Tenant receives written notice of a termination of its right to
possession, such notice will serve as both a notice to vacate, and a demand for possession of, the Premises, and Landlord may immediately thereafter initiate a forcible detainer action without any further demand or notice of any kind to Tenant.

 (v) Landlord shall have all rights and remedies now or hereafter existing at law or in equity with respect to the enforcement of
Tenant’s obligations hereunder and the recovery of the Premises. No right or remedy herein conferred upon or reserved to Landlord shall be exclusive of any other right or remedy, but shall be cumulative and in addition to all other rights and
remedies given hereunder or now or hereafter existing at law. Landlord shall be entitled to injunctive relief in case of the violation, or attempted or threatened violation, of any covenant, agreement, condition or provision of this Lease, or to a
decree compelling performance of any covenant, agreement, condition or provision of this Lease. 
 (c) If Landlord enters and takes
possession of all or any portion of the Premises after the occurrence of an Event of Default without electing to terminate this Lease, Landlord will have the right to relet all or any portion of the Premises on such terms as Landlord deems
advisable. Landlord will not be required to incur any expenses to relet all or any portion of the Premises, although Landlord may at its option incur customary leasing commissions or other costs for the account of Tenant as Landlord shall deem
necessary or appropriate to relet. In no event will the failure of Landlord to relet all or any portion of the Premises reduce Tenant’s liability for monthly Rent and other charges due under this Lease or for damages; provided, however, that
neither the foregoing nor anything else contained in this Article shall relieve Landlord from any obligation under Texas law to mitigate the damages of Landlord arising as a result of an Event of Default by Tenant under this Lease and shall not be
construed in any way as a provision or provisions which purports/purport to waive a right of Tenant to require that Landlord mitigate, or to exempt Landlord from a duty to mitigate (or from liability for its failure to satisfy such duty),
Landlord’s damages arising due to an Event of Default by Tenant under this Lease. However, Landlord shall have no duty to mitigate damages caused by an Event of Default other than as specifically set forth in Section 91.006 of the Texas
Property Code, as it may be amended. Landlord must have full possession of all of the Premises before any duty to mitigate damages will arise, and Landlord shall be conclusively deemed not to be in full possession of all of the Premises if any
litigation or other proceeding is pending in which Tenant 
  

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 is asserting a right to regain possession of the Premises and/or disputing Landlord’s right to possession of the
Premises. To satisfy Landlord’s obligation under Texas law to mitigate its damages following an Event of Default by Tenant under this Lease, Landlord must only retain a real estate broker (such broker can be the same as the broker that is
leasing the other space in the Building and/or Project which is available for rent) to market the Premises and acknowledge through such broker that all portions of the Premises are available for lease, and such retention shall constitute prima facie
evidence of reasonable efforts on the part of Landlord to relet the Premises; provided, however, in no event shall Landlord be obligated to (a) relet to an affiliate of Tenant or any party not acceptable to any mortgagee or ground lessor of
Landlord, (b) relet all or any portion(s) of the Premises for less than the then market value of such Premises, or (c) relet all or any portion(s) of the Premises unless there is/are no other comparable space/spaces available for lease at
the Project or any other property owned by Landlord or an affiliate of Landlord within a five (5) mile radius of the Project. Additionally, with respect to provisions of the laws of the State of Texas which require that Landlord use reasonable
efforts to relet the Premises and mitigate its damages following an Event of Default, the following shall apply in determining whether efforts by Landlord to relet are reasonable: (1) Landlord may elect to lease other comparable, available
space at the Project, if any, before reletting all or any portion of the Premises; (2) Landlord may elect to consent to the assignment or sublease by an existing tenant of the Project before reletting all or any portion of the Premises;
(3) Landlord may decline to relet all or any portion of the Premises to a prospective tenant if the nature of such prospective tenant’s business is not consistent with the tenant mix of the Project or with any other tenant leases that
contain provisions prohibiting Landlord from leasing space at the Project for certain uses, or if the nature of such prospective tenant’s business may have an adverse impact on the manner in which the Project is operated or upon the reputation
of the Project even though in each of such circumstances such prospective tenant may have a good credit rating; and (4) before reletting all or any portion of the Premises to a prospective tenant, Landlord may require that such prospective
tenant demonstrate the same financial capacity that Landlord would require as a condition to leasing other space at the Project to a prospective tenant. Without causing a surrender or forfeiture or termination of this Lease after the occurrence and
during the continuance of an Event of Default, Landlord may: (i) relet all or any portion of the Premises for a term or terms to expire at the same time as, earlier than, or subsequent to, the expiration of the Term; (ii) remodel or change
the use and character of all or any portion of the Premises; and (iii) grant rent concessions in reletting all or any portion of the Premises, if necessary in Landlord’s reasonable judgment, without reducing Tenant’s obligation for
Rent specified in this Lease. The rent earned from reletting all or any portion of the Premises shall applied first, to the payment of any indebtedness other than Rent due from Tenant to Landlord, second, to the payment of any cost of such reletting
including, without limitation, refurbishing costs and leasing commissions, and third, to the payment of Rent due and unpaid under this Lease. If the rent earned from reletting all or any portion of the Premises, after payment of such indebtedness
and/or reletting costs, is insufficient to satisfy the payment when due of Rent reserved under this Lease for any monthly period, then Tenant shall pay to Landlord upon demand the amount of such deficiency. If such rent, after payment of such
indebtedness and/or reletting costs, is greater than the Rent reserved under this Lease, Landlord may retain such excess. Reletting of the Premises after the occurrence of an Event of Default shall not be construed as an election to terminate this
Lease and, notwithstanding any such reletting without termination, Landlord may at any time thereafter elect to terminate this Lease. Notwithstanding anything to the contrary in 
  

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 this Article, provided that Landlord has not terminated this Lease with respect to the space re-let to a substitute
tenant, upon the default by any substitute tenant or upon the expiration or any earlier termination of such substitute tenant’s lease term before the expiration of the Term, Landlord may, at Landlord’s sole election, either relet to still
another substitute tenant or otherwise exercise its rights under this Article. 
 (d) Upon the occurrence of an Event of Default, in addition
to any other remedies available to Landlord under this Lease, at law or in equity, Landlord shall have the right to continue this Lease in full force and effect, whether or not Tenant shall have abandoned the Premises. If Landlord elects to continue
this Lease in full force and effect pursuant to this Article, then Landlord shall be entitled to enforce all of its rights and remedies under this Lease, including the right to recover Rent as it becomes due. Landlord’s election not to
terminate this Lease pursuant to this Article or pursuant to any other provision of this Lease, at law or in equity, shall not preclude Landlord from subsequently electing to terminate this Lease or pursuing any of its other remedies. 
 (e) After any termination of this Lease, Landlord will be entitled to recover all unpaid Rent that has accrued through the date of termination plus the
costs of performing any of Tenant’s obligations (other than the payment of Rent) that should have been but were not satisfied as of the date of such termination. Landlord will also be entitled to recover the amounts set forth in
Article 22(f) below if such termination occurs after the occurrence and during the continuance of an Event of Default. 
 (f) If,
after the occurrence of an Event of Default, Landlord either (1) terminates this Lease, or (2) repossesses the Premises without electing to terminate this Lease, then Landlord will be entitled to recover, not as rent or a penalty but as
compensation for Landlord’s loss of the benefit of its bargain with Tenant and without in any way limiting amounts otherwise payable by Tenant to Landlord pursuant to the provisions of this Article (for example, costs to obtain possession of
the Premises), the difference between (i) an amount equal to the present value of the Rent that this Lease provides Tenant will pay for the remainder of the Term (including, without limitation, the balance of any then effective extension
thereof), and (ii) the present value of the future rentals (net of market leasing commissions, costs to refurbish the Premises, and any other costs Landlord would anticipate incurring in connection with a reletting of the Premises), if any, for
such period that will be, or with reasonable efforts could be, collected by Landlord in connection with a reletting of all or any portion of the Premises (and in determining the amount of such future rentals, the factors to be taken into account
shall include, without limitation, the time necessary to relet the Premises and market rental concessions), in each case discounted to present value using an interest rate of six percent (6%) per annum. 
 (g) Upon any Event of Default, Tenant shall pay to Landlord all costs incurred by Landlord (including court costs and reasonable attorneys’ fees and
expenses) in: (i) obtaining possession of the Premises; (ii) removing and storing Tenant’s or any other occupant’s property; (iii) repairing, restoring, altering, remodeling or otherwise putting the Premises into condition
acceptable to a new tenant; (iv) if Tenant is dispossessed of the Premises and this Lease is not terminated, reletting all or any part of the Premises (including brokerage commissions, cost of tenant finish work and other costs incidental to
such reletting); (v) performing Tenant’s obligations that Tenant failed to perform; (vi) enforcing, or advising Landlord of, its rights, 

  

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remedies and recourses arising out of the Event of Default; and (vii) the unamortized portion (as reasonably determined by Landlord) of brokerage and
consulting fees incurred by Landlord in connection with this Lease. 
 (h) All rights, options and remedies of Landlord contained in this
Article and elsewhere in this Lease shall be construed and held to be cumulative, and no one of them shall be exclusive of the other, and Landlord shall have the right to pursue any one or all of such remedies or any other remedy or relief which may
be provided by law or in equity, whether or not stated in this Lease. The exercise, or beginning of the exercise, by Landlord of any one or more of the rights or remedies provided for in this Lease or existing at law or in equity, or otherwise,
shall not preclude the simultaneous or later exercise by Landlord of any or all other rights or remedies so provided for or so existing. Landlord’s pursuit of any remedy specified in this Lease will not constitute an election to pursue that
remedy only, nor preclude Landlord from pursuing any other remedy available at law or in equity, nor constitute a forfeiture or waiver of any rent or other amount due to Landlord as described below. Nothing in this Article shall be deemed to limit
or otherwise affect Tenant’s indemnification of Landlord pursuant to any provision of this Lease. The obligations of Tenant under this Article shall survive the expiration or any earlier termination of this Lease. 
 (i) Tenant hereby waives and surrenders for itself and all those claiming under it, including creditors of all kinds, (a) any right and privilege
which it or any of them may have under any present or future law to redeem any of the Premises or to have a continuance of this Lease after a termination of this Lease or of Tenant’s right of occupancy or possession pursuant to any court order
or any provision hereof, (b) the benefits of any present or future law which exempts property from liability for debt or for distress for rent, (c) Tenant’s right to bring a declaratory judgment action with respect to any notice of
violation or default sent pursuant to any provision of this Lease, and (d) Tenant’s right to seek injunctive relief that would stay, extend, or otherwise toll any of the time limitations or provisions of this Lease or any notice sent
pursuant thereto; provided, however, that the foregoing shall in no manner prevent Tenant from exercising, and/or impair Tenant’s ability to exercise, any and all rights and remedies available to it under the Texas Property Code which are not
capable of being superceded by the provisions of this Lease. Any violation of the preceding sentence shall constitute an Event of Default entitling Landlord, in addition to all other remedies available to it under this Lease or at law or in equity,
to terminate this Lease or Tenant’s right to possession of the Premises. 
 (j) Without limiting the generality of the foregoing, if
there is an Event of Default by Tenant hereunder, Landlord, without being required to give Tenant any notice or opportunity to cure, may (but shall not be obligated to do so), in addition to any other rights it may have in law or in equity, cure
such default on behalf of Tenant, and Tenant shall reimburse Landlord upon demand for any sums paid or costs incurred by Landlord in curing such default, including reasonable attorneys’ fees and other legal expenses, together with interest at
the Default Rate from the dates of Landlord’s incurring of costs or expenses. 
 (k) Any sums payable by Tenant hereunder, which are not
paid after the same shall be due, shall bear interest from that day until paid at the rate of four percent (4%) over the then Prime Rate as published daily under the heading “Money Rates” in The Wall Street Journal, unless
such rate be usurious as applied to Tenant, in which case the highest permitted legal rate shall apply (the “Default Rate”). 
  

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 (l) No delay or forbearance by Landlord in exercising any right or remedy hereunder, or Landlord’s
undertaking or performing any act or matter which is not expressly required to be undertaken by Landlord shall be construed, respectively, to be a waiver of Landlord’s rights or to represent any agreement by Landlord to undertake or perform
such act or matter thereafter. Waiver by Landlord of any breach by Tenant of any covenant or condition herein contained (which waiver shall be effective only if so expressed in writing by Landlord) or failure by Landlord to exercise any right or
remedy in respect of any such breach shall not constitute a waiver or relinquishment for the future of Landlord’s right to have any such covenant or condition duly performed or observed by Tenant, or of Landlord’s rights arising because of
any subsequent breach of any such covenant or condition nor bar any right or remedy of Landlord in respect of such breach or any subsequent breach. Landlord’s receipt and acceptance of any payment from Tenant which is tendered not in conformity
with the provisions of this Lease or following an Event of Default (regardless of any endorsement or notation on any check or any statement in any letter accompanying any payment) shall not operate as an accord and satisfaction or a waiver of the
right of Landlord to recover any payments then owing by Tenant which are not paid in full, or act as a bar to the termination of this Lease and the recovery of the Premises because of Tenant’s previous default. 
 (m) Nothing herein contained shall limit or prejudice the right of Landlord to exercise any or all rights and remedies available to Landlord by reason of
default or to prove for and obtain in proceedings under any bankruptcy or insolvency laws, an amount equal to the maximum allowed by any law in effect at the time when, and governing the proceedings in which, the damages are to be proved, whether or
not the amount be greater, equal to, or less than the amount of the loss or damage referred to above. 
 23. LANDLORD’S LIEN.

 In addition to any applicable common law or statutory lien, none of which are to be deemed waived by Landlord, Landlord shall have, at all
times, and Tenant hereby grants to Landlord, a valid lien and security interest to secure payment of all rentals and other sums of money becoming due hereunder from Tenant, and to secure payment of any damages or loss which Landlord may suffer by
reason of the breach by Tenant of any covenant, agreement or condition contained herein, upon all goods, wares, equipment, fixtures, furniture, improvements and other personal property of Tenant which may hereafter be situated on the Premises, and
all proceeds therefrom, and such property shall not be removed therefrom without the consent of Landlord until all arrearage in Rent as well as any and all other sums of money then due to Landlord hereunder shall first have been paid and discharged
and all the covenants, agreements and conditions hereof have been fully complied with and performed by Tenant. Upon the occurrence of an Event of Default by Tenant, but subject to Tenant’s lender rights, if any, after the expiration of all
stated notice and cure periods, Landlord may, in addition to any other remedies provided herein, peaceably enter upon the Premises and take possession of any and all goods, wares, equipment, fixtures, furniture, improvements and other personal
property of Tenant situated on the Premises, without liability for trespass or conversion, and sell the same at public or private sale, with or without having such property at the sale, after giving Tenant 

  

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reasonable notice of time and place of any public sale or of the time after which any private sale is to be made, at which sale Landlord or its assigns may
purchase unless otherwise prohibited by law. Unless otherwise provided by law, and without intending to exclude any other manner of giving Tenant reasonable notice, the requirement of reasonable notice shall be met if such notice is given in the
manner prescribed in Article 28 of this Lease at least five (5) days before the time of sale. The proceeds from any such disposition, less all expenses connected with the taking of possession, holding and selling of the property
(including reasonable attorneys’ fees and other expenses), shall be applied as a credit against the indebtedness secured by the security interest granted in this Article 23. Any surplus shall be paid to Tenant or as otherwise
required by law; and Tenant shall pay any deficiencies forthwith. Upon request by Landlord, Tenant agrees to execute and deliver to Landlord a financing statement in form sufficient to perfect the security interest of Landlord in the aforementioned
property and proceeds thereof under the provisions of the Uniform Commercial Code in force in the State of Texas. Landlord covenants and agrees to subordinate the lien granted hereunder to any commercial, institutional or venture lender which Tenant
grants a security interest in Tenant’s property upon request of Tenant. Accordingly, Tenant agrees to execute a mutually acceptable form of Landlord’s subordination agreement which includes reasonable lender access rights. 
 24. LANDLORD’S DEFAULT. In the event Landlord fails to perform any of its obligations under this Lease and (except in case of emergency
posing an immediate threat to persons or property, in which case no prior notice shall be required) fails to cure such default within thirty (30) days after written notice from Tenant specifying the nature of such default where such default
could reasonably be cured within said thirty (30) day period, or fails to commence such cure within said thirty (30) day period and thereafter continuously with due diligence prosecute such cure to completion where such default could not
reasonably be cured within said thirty (30) day period, then Tenant may proceed in equity or at law to compel Landlord to perform its obligations and/or to recover actual damages proximately caused by such failure to perform (except to the
extent Tenant has waived its right to damages resulting from injury to person or damage to property as provided herein). 
 25.
SURRENDER. 
 Tenant shall, at the expiration or earlier termination of the Term, promptly quit and surrender the Premises in good
order and condition and in conformity with the applicable provisions of this Lease, excepting only reasonable wear and tear and damage by fire or other insured casualty. Tenant shall have no right to hold over beyond the expiration or earlier
termination of the Term and if Tenant shall fail to deliver possession of the Premises as herein provided, such occupancy shall constitute a tenancy at sufferance. During any period of occupancy beyond the expiration of the Term the amount of Rent
owed to Landlord by Tenant shall automatically become one hundred fifty percent (150%) of the sum of the Rent as those sums are at that time calculated under the provisions of this Lease. If Tenant fails to surrender the space within
thirty (30) days of the expiration or earlier termination date of this Lease, Landlord may elect to automatically extend the Term for an additional month or additional year, at Landlord’s option, with a Rent of one hundred fifty
percent (150%) of the sum of the Rent as those sums are at that time calculated under the provisions of this Lease. The acceptance of Rent by Landlord or the failure or delay of Landlord in notifying Tenant or taking possession of the Premises
following the expiration or sooner termination of the Term shall not create any tenancy 

  

 39 

 
rights in Tenant and any such payments by Tenant may be applied by Landlord against its costs and expenses, including attorneys’ fees, incurred by
Landlord as a result of such holdover. Tenant shall also be liable to Landlord for all damage which Landlord suffers because of any holding over by Tenant, and Tenant shall indemnify Landlord against all claims made by any other tenant or
prospective tenant against Landlord resulting from delay by Landlord in delivering possession of the Premises to such other tenant or prospective tenant. The provisions of this Article 25 shall survive the expiration or earlier
termination of this Lease. 
 26. RULES AND REGULATIONS. 
 During the Term, Tenant and its employees, agents, invitees and licenses shall comply with all Rules and Regulations specified on Exhibit “C” attached hereto and made a part hereof, together with
all reasonable rules and regulations as Landlord may from time to time promulgate provided they do not increase the financial burdens of Tenant or unreasonably restrict Tenant’s rights under this Lease. Tenant’s right to dispute the
reasonableness of any changes in or additions to the Rules and Regulations shall be deemed waived unless asserted to Landlord within ten (10) business days after Landlord shall have given Tenant written notice of any such adoption or change. In
case of any conflict or inconsistency between the provisions of this Lease and any Rules and Regulations, the provisions of this Lease shall control. Landlord shall have no duty or obligation to enforce any Rule and Regulation, or any term, covenant
or condition of any other lease, against any other tenant, and Landlord’s failure or refusal to enforce any Rule or Regulation or any term, covenant or condition of any other lease against any other tenant shall be without liability of Landlord
to Tenant. However, if Landlord does enforce Rules or Regulations, Landlord shall endeavor to enforce same equally in a non-discriminatory manner. 
 27. GOVERNMENTAL REGULATIONS. 
 (a) Tenant shall, at Tenant’s sole expense, (a) comply with all laws, orders,
ordinances, and regulations of federal, state, county, and municipal authorities having jurisdiction over the Premises, (b) comply with any directive, order or citation made pursuant to law by any public officer requiring abatement of any
nuisance or which imposes upon Landlord or Tenant any duty or obligation arising from Tenant’s occupancy or use of the Premises or from conditions which have been created by or at the request or insistence of Tenant, or required by reason of a
breach of any of Tenant’s obligations hereunder or by or through other fault of Tenant, (c) comply with all insurance requirements applicable to the Premises and (d) indemnify and hold Landlord harmless from any loss, cost, claim or
expense which Landlord incurs or suffers by reason of Tenant’s failure to comply with its obligations under clauses (a), (b) or (c) above, provided that in the event any Law would require the construction of any Alterations in the
Premises, Tenant shall not pay for such Alterations, unless such Alterations are necessitated because of Tenant’s Permitted Uses. If Tenant receives notice of any such directive, order, or citation, or of any violation of any law, order,
ordinance, regulation or any insurance requirement, Tenant shall promptly notify Landlord in writing of such alleged violation and furnish Landlord with a copy of such notice. 
 (b) Without limiting the generality of the foregoing, Tenant shall (i) obtain, at Tenant’s expense, before engaging in Tenant’s business
or profession within the Premises, all necessary licenses and permits including (but not limited to) state and local business licenses or 

  

 40 

 
permits, and (ii) remain in compliance with and keep in full force and effect at all times all licenses, consents and permits necessary for the lawful
conduct of Tenant’s business or profession at the Premises. Tenant shall pay all personal property taxes, income taxes and other taxes, assessments, duties, impositions and similar charges which are or may be assessed, levied or imposed upon
Tenant and which, if not paid, could be liened against the Premises or against Tenant’s property therein or against Tenant’s leasehold estate. 
 (c) Landlord shall be responsible for compliance with Title III of the Americans with Disabilities Act of 1990, 42 U.S.C. §12181 et seq. and its regulations, (collectively, the “ADA”)
(i) as to the design and construction of exterior common areas (e.g. sidewalks and parking areas) and (ii) with respect to the initial design and construction by Landlord of Landlord’s Work. Except as set forth above in
the initial sentence hereto, Tenant shall be responsible for compliance with the ADA in all other respects concerning the use and occupancy of the Premises, which compliance shall include, without limitation (i) provision for full and equal
enjoyment of the goods, services, facilities, privileges, advantages or accommodations of the Premises as contemplated by and to the extent required by the ADA, (ii) compliance relating to requirements under the ADA or amendments thereto
arising after the date of this Lease and (iii) compliance relating to the design, layout, renovation, redecorating, refurbishment, alteration, or improvement to the Premises made or requested by Tenant at any time following Substantial
Completion of Landlord’s Work. 
 28. NOTICES. 
 Wherever in this Lease it shall be required or permitted that notice or demand be given or served by either party to this Lease to or on the other party, such notice or demand shall be deemed to have been duly given
or served if in writing and either: (i) personally served; (ii) delivered by pre-paid nationally recognized overnight courier service (e.g. Federal Express) with evidence of receipt required for delivery; (iii) forwarded by
registered or certified mail, return receipt requested, postage prepaid; (iv) facsimile with a copy mailed by first class United States mail or (v) e-mailed with evidence of receipt and delivery of a copy of the notice by first class
United States mail; in all such cases addressed to the parties at the addresses set forth in Article 1(n) hereof. Each such notice shall be deemed to have been given to or served upon the party to which addressed on the date the same is
delivered or delivery is refused. Either party hereto may change its address to which said notice shall be delivered or mailed by giving written notice of such change to the other party hereto, as herein provided. 
 29. BROKERS. 
 Landlord and Tenant
each represents and warrants to the other that such party has had no dealings, negotiations or consultations with respect to the Premises or this transaction with any broker or finder other than the Broker identified in Article 1(1), if
any; and that otherwise no broker or finder called the Premises to Tenant’s attention for lease or took any part in any dealings, negotiations or consultations with respect to the Premises or this Lease. Each party shall indemnify and hold the
other harmless from and against all liability, cost and expense, including attorneys’ fees and court costs, arising out of any misrepresentation or breach of warranty under this Article. Landlord shall be responsible for the payment of all
commissions owed to the Broker pursuant to the terms of a separate written agreement between Landlord and the Broker. 
  

 41 

 30. CHANGE OF BUILDING/PROJECT NAME. 
 Landlord reserves the right at any time and from time to time to change the name by which the Building and/or Project is designated, provided that
Landlord shall reimburse Tenant for reasonable costs for Tenant’s stationery if any change to the stationery is required because of such change. 
 31. LANDLORD’S LIABILITY. 
 Landlord’s obligations hereunder shall be binding upon Landlord
only for the period of time that Landlord is in ownership of the Building; and, upon termination of that ownership and delivery of the Security Deposit to the new owner, Tenant, except as to any obligations which are then due and owing, shall look
solely to Landlord’s successor in interest in the Building for the satisfaction of each and every obligation of Landlord hereunder. Landlord shall have no personal liability under any of the terms, conditions or covenants of this Lease and
Tenant shall look solely to the equity of Landlord in the Building of which the Premises form a part and to any rents or profits of Landlord derived solely from Landlord’s ownership of the Building for the satisfaction of any claim, remedy or
cause of action accruing to Tenant as a result of the breach of any Article of this Lease by Landlord. In addition to the foregoing, no recourse shall be had for an obligation of Landlord hereunder, or for any claim based thereon or otherwise in
respect thereof, against any past, present or future trustee, member, partner, shareholder, officer, director, partner, agent or employee of Landlord, whether by virtue of any statute or rule of law, or by the enforcement of any assessment or
penalty or otherwise, all such other liability being expressly waived and released by Tenant with respect to the above-named individuals and entities. 
 32. AUTHORITY. 
 Tenant represents and warrants to Landlord that (a) Tenant is duly organized,
validly existing and legally authorized to do business in the State of Texas, and (b) the persons executing this Lease are duly authorized to execute and deliver this Lease on behalf of Tenant. Landlord represents and warrants to Tenant that:
(a) Landlord is the owner of the Building and the Project; (b) Landlord has the authority to enter into this Lease; and (c) the person executing this Lease is duly authorized to execute and deliver this Lease on behalf of Landlord.

 33. NO OFFER. 
 Landlord’s submission of this Lease does not constitute a reservation of or option for the Premises or of any other space within the Building or in other buildings owned or managed by Landlord or its affiliates. This Lease shall become
effective as a Lease only upon the execution and legal delivery thereof by both parties hereto. 
  

 42 

 34. RENEWAL. 
 (a) Provided (i) there is not an uncured default by Tenant (for which Landlord has notified Tenant and provided a reasonable cure period) then existing at the time of exercise of the renewal option or at the time
of commencement of the Renewal Term (as hereinafter defined), (ii) Tenant, its approved assignee or its approved subtenant (including, without limitation, any transferee under Section 12(j) above), is occupying at least two full floors of
the total net rentable area of the Premises (consisting of approximately 42,000 square feet of rentable floor area), and (iii) this Lease is in full force and effect, Tenant may renew this Lease for two (2) term(s) (each a
“Renewal Term”) of five (5) years each beyond the end of the initial Term or then expiring Renewal Term. Tenant shall furnish written notice of intent to renew no later than twelve (12) months prior to the expiration of the
initial Term, or then expiring Renewal Term, failing which, such renewal right shall be deemed waived; time being of the essence. 
 (b) The
terms and conditions of this Lease during each Renewal Term shall remain unchanged except that (i) the annual Fixed Rent for the first Renewal Term shall be at ninety-five percent (95%) of the then current Fair Market Rent (as such term is
hereinafter defined) multiplied by the number of square feet of Rentable Area of the Premises and (ii) the annual Fixed Rent for the second Renewal Term shall be at one hundred percent (100%) of the then current Market Rent multiplied by
the number of square feet of Rentable Area of the Premises. All factors regarding Additional Rent shall remain unchanged, and the terms of this Lease relating to leasehold improvements (including Exhibit “D” to this Lease)
shall be of no force or effect and Tenant shall be deemed to accept the Premises in its “AS IS, WHERE IS, WITH ALL FAULTS” condition, unless Landlord and Tenant mutually agree upon an improvement or refurbishment allowance. 
 (c) Anything herein contained to the contrary notwithstanding, Tenant shall have no right to renew the initial Term hereof other than or beyond the two
Renewal Terms hereinabove described. Landlord and Tenant shall execute not less than six (6) months prior to the expiration of the initial Term, or then expiring Renewal Term, an appropriate amendment to this Lease, in form and content
satisfactory to each of them, memorializing the extension of the initial Term or the then expiring Renewal Term. 
 For purposes of this
Lease, “Fair Market Rent” means the fair market rental rate per square foot of Rentable Area of Premises (taking into account the “as is” condition of the Premises, all rent concessions and inducements, the location, quality and
age of the Building, floor level, extent of leasehold improvements, extent of service to be provided, distinction between “gross” and “net” lease, or any other relevant term or condition) for a comparable lease term to comparable
tenants for space of comparable size in comparable buildings with comparable quality of finish out in the area immediately surrounding the Building in the Austin, Texas Southwest submarket, but excluding from such evaluation any alterations
installed in the Premises at the sole cost of Tenant. If Landlord and Tenant cannot agree on the Fair Market Rent within sixty (60) days after Tenant’s exercise of the renewal option, “Fair Market Rent” shall be determined in the
following manner: 
 If Landlord and Tenant fail to agree upon the Fair Market Rent within the sixty (60) day period provided above,
then Landlord and Tenant will provide written notice to one 

  

 43 

 
another of their respective estimate of the Fair Market Rent within ten (10) days after the expiration of such sixty (60) day period. Tenant shall
create a list of not less than three commercial real estate brokers having at least 10 years each of experience leasing commercial office space in Austin, Texas. Landlord shall have approval rights over such list of brokers. Once Landlord has
approved the list, Tenant shall select one broker from such list of brokers. Using his or her professional expertise and experience, the broker so selected by Tenant, within fifteen (15) days thereafter, shall determine which of the two
parties’ opinion of Fair Market Rent is correct or most closely reflects the broker’s opinion of Fair Market Rent. The broker must choose one of the party’s opinion of Fair Market Rent, cannot substitute his or her opinion of the Fair
Market Rent and such determination will be binding on Landlord and Tenant, and the rental will be adjusted as set out above. The cost of such broker serving in such capacity will be split between the parties. 
 The exercise by Tenant of its renewal options set forth herein must be made, if at all, by written notice executed by Tenant and delivered to Landlord on
or before the dates set forth hereinabove. Once Tenant shall exercise a renewal option, Tenant may not thereafter revoke such exercise. Tenant’s failure to exercise timely a renewal option for any reason whatsoever shall conclusively be deemed
a waiver of such renewal option and all future renewal options, if any. Upon the exercise by Tenant of its option in respect of the Renewal Term, the term “Term”, as otherwise defined and used in this Lease, shall mean the Term, as
extended for the Renewal Term. Any termination, cancellation or surrender of this Lease shall terminate any right of renewal for any Renewal Term in respect of the portion of the Premises as to which this Lease is terminated, canceled or
surrendered. 
 35. INTENTIONALLY DELETED. 
 36. INTENTIONALLY DELETED. 
 37. INTENTIONALLY DELETED. 
 38. TENANT FINANCIAL INFORMATION. 
 Any time during the Term (but not more than once during any twelve (12) month period unless a default has occurred under this Lease or Landlord has a reasonable basis to suspect that Tenant has suffered a material adverse change in its
financial position) upon not less than thirty (30) days prior written request from Landlord, Tenant shall deliver to Landlord: accurate, complete and detailed financial statements of Tenant audited by an independent certified public accountant
for the last applicable calendar year; and (ii) current bank references for Tenant. In the event Tenant becomes a publicly traded company governed by the SEC filing quarterly and annual financial statements, Tenant shall not have any
requirement to provide Landlord such financial statements. Tenant’s failure to strictly comply with this Article shall constitute a material Event of Default by Tenant under this Lease. Landlord shall keep all information provided hereunder
strictly confidential. 
 39. MISCELLANEOUS PROVISIONS. 
 (a) Successors. The respective rights and obligations provided in this Lease shall bind and inure to the benefit of the parties hereto, their successors and assigns; provided, 

  

 44 

 
however, that no rights shall inure to the benefit of any successors or assigns of Tenant unless Landlord’s written consent for the transfer to such
successor and/or assignee has first been obtained as provided in Article 12 hereof. 
 (b) Governing Law. This Lease shall
be construed, governed and enforced in accordance with the laws of the State of Texas, without regard to principles relating to conflicts of law. 
 (c) Severability. If any provisions of this Lease shall be held to be invalid, void or unenforceable, the remaining provisions hereof shall in no way be affected or impaired and such remaining provisions shall remain in full force
and effect. 
 (d) Captions. Marginal captions, titles or exhibits and riders and the table of contents in this Lease are for
convenience and reference only, and are in no way to be construed as defining, limiting or modifying the scope or intent of the various provisions of this Lease. 
 (e) Gender. As used in this Lease, the word “person” shall mean and include, where appropriate, an individual, corporation, partnership or other entity; the plural shall be substituted for the
singular, and the singular for the plural, where appropriate; and the words of any gender shall mean to include any other gender. 
 (f)
Entire Agreement. This Lease, including the Exhibits and any Riders hereto (which are hereby incorporated by this reference, except that in the event of any conflict between the printed portions of this Lease and any Exhibits or Riders, the
term of such Exhibits or Riders shall control), supersedes any prior discussions, proposals, negotiations and discussions between the parties and this Lease contains all the agreements, conditions, understandings, representations and warranties made
between the parties hereto with respect to the subject matter hereof, and may not be modified orally or in any manner other than by an agreement in writing signed by both parties hereto or their respective successors in interest. Without in any way
limiting the generality of the foregoing, this Lease can only be extended pursuant to the terms hereof, and in Tenant’s case, in accordance with the terms hereof, with the due exercise of an option (if any) contained herein pursuant to a
written agreement signed by both Landlord and Tenant specifically extending the Term. No negotiations, correspondence by Landlord or offers to extend the Term shall be deemed an extension of the termination date for any period whatsoever.

 (g) Counterparts. This Lease may be executed in any number of counterparts, each of which when taken together shall be deemed to be
one and the same instrument. 
 (h) Telefax Signatures. A signature of either party sent by facsimile or by an email PDF file, whether
upon this Lease or any related document shall be deemed valid and binding and admissible by either party against the other as if same were an original ink signature. 
 (i) Calculation of Time. In computing any period of time prescribed or allowed by any provision of this Lease, the day of the act, event or default from which the designated period of time begins to run shall
not be included. The last day of the period so computed shall be included, unless it is a Saturday, Sunday or a legal holiday, in which event the period runs until the end of the next day which is not a Saturday, Sunday, or legal holiday. Unless
otherwise provided herein, all Notices and other periods expire as of 5:00 p.m. (local time in Austin, Texas) on the last day of the Notice or other period. 
  

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 (j) No Merger. There shall be no merger of this Lease or of the leasehold estate hereby created
with the fee estate in the Premises or any part thereof by reason of the fact that the same person, firm, corporation, or other legal entity may acquire or hold, directly or indirectly, this Lease of the leasehold estate and the fee estate in the
Premises or any interest in such fee estate, without the prior written consent of Landlord’s mortgagee. 
 (k) Time of the
Essence. TIME IS OF THE ESSENCE IN ALL PROVISIONS OF THIS LEASE, INCLUDING ALL NOTICE PROVISIONS. 
 (l) Recordation of
Lease. Tenant shall not record this Lease or any memorandum or other notice hereof. 
 (m) Accord and Satisfaction. No payment by
Tenant or receipt by Landlord of a lesser amount than any payment of Fixed Rent or Additional Rent herein stipulated shall be deemed to be other than on account of the earliest stipulated Fixed Rent or Additional Rent due and payable hereunder, nor
shall any endorsement or statement or any check or any letter accompanying any check or payment as Rent be deemed an accord and satisfaction. Landlord may accept such check or payment without prejudice to Landlord’s right to recover the balance
of such Rent or pursue any other right or remedy provided for in this Lease, at law or in equity. 
 (n) No Partnership. Landlord does
not, in any way or for any purpose, become a partner of Tenant in the conduct of its business, or otherwise, or joint venturer or a member of a joint enterprise with Tenant. This Lease establishes a relationship solely of that of a landlord and
tenant. 
 (o) Guaranty. [Intentionally deleted]. 
 (p) No Presumption Against Drafter. This Lease has been freely negotiated by both parties, and, in the event of any controversy, dispute, or contest over the meaning, interpretation, validity, or enforceability
of this Lease, or any of its terms or conditions, there shall be no inference, presumption, or conclusion drawn whatsoever against either party by virtue of that party having drafted this Lease or any portion thereof. 
 (q) Force Majeure. If by reason of strikes or other labor disputes, fire or other casualty (or reasonable delays in adjustment of insurance),
accidents, orders or regulations of any Federal, State, County or Municipal authority, or any other cause beyond Landlord’s reasonable control, Landlord is unable to furnish or is delayed in furnishing any utility or service required to be
furnished by Landlord under the provisions of this Lease or is unable to perform or make or is delayed in performing or making any installations, decorations, repairs, alterations, additions or improvements, or is unable to fulfill or is delayed in
fulfilling any of Landlord’s other obligations under this Lease, no such inability or delay shall constitute an actual or constructive eviction, in whole or in part, or entitle Tenant to any abatement or diminution of Fixed Rent, or relieve
Tenant from any of its obligations under this Lease, or impose any liability upon Landlord or its agents, by reason of inconvenience or annoyance to Tenant, or injury to or interruption of Tenant’s business, or otherwise. 
  

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 40. WAIVER OF TRIAL BY JURY. 
 TENANT AND LANDLORD EACH AGREES NOT TO ELECT A TRIAL BY JURY OF ANY ISSUE TRIABLE OF RIGHT BY JURY, AND WAIVES ANY RIGHT TO TRIAL BY JURY FULLY TO THE
EXTENT THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST WITH REGARD TO THIS LEASE OR ANY CLAIM, COUNTERCLAIM OR OTHER ACTION ARISING IN CONNECTION THEREWITH. THIS WAIVER IS GIVEN KNOWINGLY, WILLINGLY AND VOLUNTARILY BY TENANT AND LANDLORD, AND IS
INTENDED TO ENCOMPASS INDIVIDUALLY EACH INSTANCE AND EACH ISSUE AS TO WHICH THE RIGHT TO A TRIAL BY JURY WOULD OTHERWISE ACCRUE. LANDLORD AND TENANT REPRESENT AND WARRANT THAT NO REPRESENTATIONS OF FACT OR OPINION HAVE BEEN MADE BY ANY PERSON OR
ENTITY TO INDUCE THIS WAIVER OF TRIAL BY JURY OR TO IN ANY WAY MODIFY OR NULLIFY ITS EFFECT. LANDLORD AND TENANT FURTHER REPRESENT AND WARRANT THAT EACH HAS BEEN REPRESENTED IN THE TRANSACTION EVIDENCED BY THIS LEASE BY INDEPENDENT LEGAL COUNSEL, OR
HAS HAD THE OPPORTUNITY TO BE REPRESENTED BY INDEPENDENT LEGAL COUNSEL SELECTED OF SUCH PARTY’S OWN FREE WILL, AND THAT EACH HAS HAD THE OPPORTUNITY TO DISCUSS THIS WAIVER WITH SUCH COUNSEL. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE
PARTIES HERETO ENTERING INTO THIS LEASE. LANDLORD OR TENANT, AS APPLICABLE, IS AUTHORIZED TO FILE A COPY OF THIS ARTICLE IN ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER BY LANDLORD OR TENANT, AS APPLICABLE. THE PROVISIONS OF THIS ARTICLE
SHALL SURVIVE THE EXPIRATION OR ANY EARLIER TERMINATION OF THIS LEASE. 
 41. CONSENT TO JURISDICTION. 
 Any action brought to enforce or interpret this Lease shall be brought in the appropriate jurisdiction in Travis County, Texas. 
 42. OFAC. 
 Tenant represents,
warrants and covenants that neither Tenant nor any of its partners, officers, directors, members or shareholders (i) is listed on the Specially Designated Nationals and Blocked Persons List maintained by the Office of Foreign Asset Control,
Department of the Treasury (“OFAC”) pursuant to Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept. 25, 2001) (“Order”) and all applicable provisions of Title III of the USA Patriot Act (Public Law
No. 107-56 (October 26, 2001)); (ii) is listed on the Denied Persons List and Entity List maintained by the United States Department of Commerce; (iii) is listed on the List of Terrorists and List of Disbarred Parties maintained
by the United States Department of State, (iv) is listed on any list or qualification of “Designated Nationals” as defined in the Cuban Assets Control Regulations 31 C.F.R. Part 515; (v) is listed on any other
publicly available list of terrorists, terrorist organizations or narcotics traffickers maintained by the United States Department of State, the United States Department of Commerce or any other governmental authority or pursuant to the Order, the
rules and regulations of OFAC (including without limitation the 

  

 47 

 
Trading with the Enemy Act, 50 U.S.C. App. 1-44; the International Emergency Economic Powers Act, 50 U.S.C. §§1701-06; the
unrepealed provision of the Iraq Sanctions Act, Publ. L. No. 101-513; the United Nations Participation Act, 22 U.S.C. §2349 as-9; The Cuban Democracy Act, 22 U.S.C. §§6001-10; The Cuban Liberty and Democratic Solidarity
Act, 18 U.S.C. §§2332d and 233; and The Foreign Narcotic Kingpin Designation Act, Publ. L. No. 106-120 and 107-108, all as may be amended from time to time); or any other applicable requirements contained in any enabling
legislation or other Executive Orders in respect of the Order (the Order and such other rules, regulations, legislation or orders are collectively called the “Orders”); (vi) is engaged in activities prohibited in the Orders; or
(vii) has been convicted, pleaded nolo contendere, indicted, arraigned or custodially detained on charges involving money laundering or predicate crimes to money laundering, drug trafficking, terrorist-related activities or other money
laundering predicate crimes or in connection with the Bank Secrecy Act (31 U.S.C. §§5311 et. seq.). Tenant hereby agrees to defend, indemnify and hold harmless Landlord from and against any and all claims, damages, losses, risks,
liabilities and expenses (including attorneys’ fees and costs) arising from or related to any breach of the foregoing representation, warranty and covenant. The breach of this representation, warranty and covenant by Tenant shall be an
immediate Event of Default under this Lease without cure. 
 43. TENANT’S EXPENSE PAYMENTS. 
 TENANT VOLUNTARILY AND KNOWINGLY WAIVES ALL RIGHTS AND BENEFITS, IF ANY, AVAILABLE TO TENANT UNDER SECTION 93.012 OF THE TEXAS PROPERTY CODE, AS SUCH
SECTION NOW EXISTS OR AS IT MAY BE HEREAFTER AMENDED, SUCCEEDED AND/OR RENUMBERED. 
 44. TAX PROTEST; WAIVER OF DTPA. 

(a) Tenant has no right to protest the real property tax rate applicable to the Project and/or the appraised value of the Project determined by any
taxing authority. Tenant hereby knowingly, voluntarily and intentionally waives and releases any right, whether created by law or otherwise, to do any of the following: (1) to file or otherwise protest before any taxing authority any such rate
or value determination even though Landlord may elect not to file any such protest; (2) to appeal any order of a taxing authority which determines any such protest; and (3) to receive, or otherwise require that Landlord deliver to Tenant,
a copy of any reappraisal notice received by Landlord from any taxing authority. The foregoing waiver and release covers and includes any and all rights, remedies and recourse of Tenant, now or at any time hereafter, under Section 41.413 and
Section 42.015 of the Texas Tax Code (as currently enacted or hereafter modified) together with any other or further laws, rules or regulations covering the subject matter thereof. Tenant acknowledges and agrees that the foregoing waiver and
release was bargained for by Landlord and Landlord would not have agreed to enter into this Lease in the absence of this waiver and release. Notwithstanding the foregoing, Landlord will inform Tenant of the status of any pending tax protest if
Tenant so requests in writing. 
 (b) PURSUANT TO, AND TO THE EXTENT PERMITTED BY SECTION 17.42 OF THE TEXAS DECEPTIVE TRADE PRACTICES -
CONSUMER PROTECTION ACT (TEX. BUS. & COM. CODE ANN. §17.41, ET. SEQ.), LANDLORD AND TENANT EACH WAIVE THEIR RESPECTIVE RIGHTS UNDER THE TEXAS 

  

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DECEPTIVE TRADE PRACTICES - CONSUMER PROTECTION ACT, A LAW THAT GIVES CONSUMERS SPECIAL RIGHTS AND PROTECTIONS, AND AGREE THAT SUCH ACT SHALL HAVE NO
APPLICABILITY TO THIS LEASE, EXCEPT THAT SUCH WAIVER SHALL NOT APPLY TO SECTION 17.555 OF SUCH ACT. AFTER CONSULTATION WITH AN ATTORNEY OF LANDLORD’S OWN SELECTION, LANDLORD VOLUNTARILY CONSENTS TO THE FOREGOING WAIVER BY IT. AFTER CONSULTATION
WITH AN ATTORNEY OF TENANT’S OWN SELECTION, TENANT VOLUNTARILY CONSENTS TO THE FOREGOING WAIVER BY IT. 
 45. NO MERGER.

 The voluntary or other surrender of this Lease by Tenant or a mutual termination thereof shall not work as a merger and shall, at the
option of Landlord, either (a) terminate all or any existing subleases, or (b) operate as an assignment to Landlord of Tenant’s interest under any or all such subleases. 
 46. NO IMPLIED WARRANTIES. 
 EXCEPT
AS OTHERWISE SET FORTH IN THIS LEASE, LANDLORD AND TENANT EXPRESSLY DISCLAIM ANY IMPLIED WARRANTY THAT THE PREMISES ARE SUITABLE FOR TENANT’S INTENDED COMMERCIAL PURPOSE AND, EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS LEASE, TENANT’S
OBLIGATION TO PAY RENT HEREUNDER IS NOT DEPENDENT UPON THE CONDITION OF THE PREMISES OR THE PERFORMANCE BY LANDLORD OF ITS OBLIGATIONS HEREUNDER, AND, EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS LEASE, TENANT SHALL CONTINUE TO PAY RENT AND ALL
AMOUNTS DUE HEREUNDER, WITHOUT ABATEMENT, SETOFF OR DEDUCTION NOTWITHSTANDING ANY BREACH BY LANDLORD OF ITS DUTIES OR OBLIGATIONS HEREUNDER, WHETHER EXPRESS OR IMPLIED. TENANT HAS HAD A FULL AND FAIR OPPORTUNITY TO INSPECT THE PREMISES AND FINDS
THAT THE PREMISES SUIT TENANT’S PURPOSES. TENANT HAS KNOWLEDGE OF THE PREMISES AND WITH THIS KNOWLEDGE HAS VOLUNTARILY AGREED TO DISCLAIM THE IMPLIED WARRANTY OF SUITABILITY. BOTH LANDLORD AND TENANT HAVE EXPRESSLY BARGAINED FOR AND AGREED TO
THIS DISCLAIMER. FOR AND IN CONSIDERATION OF THE EXECUTION OF THIS LEASE, LANDLORD AND TENANT AGREE THAT LANDLORD WOULD NOT HAVE SIGNED THIS LEASE BUT FOR THE DISCLAIMERS SET FORTH ABOVE, AND TENANT WAIVES ANY WARRANTY REGARDING THE PREMISES EXCEPT
THOSE EXPRESSLY PROVIDED IN THIS LEASE. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Lease the day and year first above written.

  

					
	LANDLORD:
	
	 BRANDYWINE ACQUISITION PARTNERS LP,
 a
Delaware limited partnership

		
	By:	 	BDN Properties I Inc.,
		 	a Delaware corporation,
		 	its general partner
			
		 	By:	 	 /s/    WILLIAM J REISTON

		 	Name:	 	William J. Reiston
		 	Title:	 	V P
			
		 	By:	 	 /s/    CHRISTOPHER M. HIPPS

		 	Name:	 	Christopher M. Hipps
		 	Title:	 	Executive V P
	
	TENANT:
	
	 SOLARWINDS.NET, INC.,
 an Oklahoma
corporation,

	
	  

	  

		
	By:	 	 /s/    MICHAEL S. BENNETT

	Name:	 	Michael S. Bennett
	Title:	 	CEO / Chairman

  

 50 

 EXHIBIT “A” 
 SPACE PLAN 
  

 Exhibit A – Page 1 

 EXHIBIT “B” 
 Tenant: Solar Winds 
 Premises: 3711 South Mo-Pac Expressway 
 Building Two 
 Austin, Texas 78746 
 Square Footage: 65,437 
 Suite Number: 100

 COMMENCEMENT NOTICE 
 THIS COMMENCEMENT NOTICE is delivered this     day of         , 200    , by BRANDYWINE ACQUISITION PARTNERS LP, a Delaware limited
partnership, with an office at 555 East Lancaster Avenue, Suite 100, Radnor, PA 19087 (“Landlord”) to SolarWinds.Net, Inc., with its principal place of business at 3711 South Mo-Pac Expressway, Building Two, Suite 100, Austin, Texas 78746
(“Tenant”), pursuant to the provisions of Article 3(a) of that certain Lease dated as of January     , 2008 by and between Landlord and Tenant, covering certain premises located at 3711 South Mo-Pac
Expressway, Building Two, Suite 100, Austin, Texas 78746. All capitalized terms, if not defined herein, shall be defined as they are defined in the Lease. 
 WITNESSETH: 
 1. The date of
                , 200     is the “Commencement Date” of the Term, and the date
                     is the expiration date of the Lease. 
 2. The Premises have been delivered to and accepted by the Tenant, subject to the completion of “punch list” items. 
 3. The improvements, including the Landlord’s Work, required to be furnished according to the Lease by Landlord have been Substantially Completed; 
 4. Landlord has fulfilled all of its duties of an inducement nature or are otherwise set forth in the Lease; 
 5. There are no currently existing offsets or credits against rentals, and the $1,500,000 Security Deposit has been delivered to Landlord as provided in
the Lease; 
 6. That there is no default by Landlord or Tenant under the Lease and the Lease is in full force and effect. 
 7. Tenant’s Building Number is Two and its Lease Number is             . This
information must accompany each Rent check or wire payment. 
  

 Exhibit B – Page 1 

			
	8. Tenant’s Notice Address is:	  	Tenant’s Billing Address is:
		
	3711 South Mo-Pac Expressway	  	3711 South Mo-Pac Expressway
	Building Two	  	Building Two
	Suite 100	  	Suite 100
	Austin, Texas 78746	  	Austin, Texas 78746
	Attn: General Counsel	  	Attn: General Counsel
	Phone
No.:                                       
     	  	Phone
No.:                                       
 
	Fax No.: (512)597-0882	  	Fax No.: (512)597-0882
	E-mail: bryan.sims@solarwinds.com	  	E-mail: bryan.sims@solarwinds.com

 9. This Commencement Notice, and each and all of the provisions hereof, shall inure to the
benefit, or bind, as the case may require, Landlord and Tenant, and their respective successors and assigns, subject to the restrictions upon assignment and subletting contained in the Lease. 
 10. As provided in Article 3(a) of the Lease, Tenant’s failure to object to the provisions of this Commencement Notice within ten (10) days of
its delivery shall be deemed to be Tenant’s acceptance of the dates and other factual matters recited herein. 
  

					
	LANDLORD:
	
	 BRANDYWINE ACQUISITION PARTNERS LP,
 a
Delaware limited partnership

		
	By:	 	BDN Properties I Inc.,
		 	a Delaware corporation,
		 	its general partner
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  

 Exhibit B – Page 1 

 EXHIBIT “C” 
 BUILDING RULES AND REGULATIONS 
 Landlord reserves the right to rescind any of these
rules and make such other and further reasonable and non-discriminatory rules and regulations as in the judgment of Landlord shall from time to time be needed for the safety, protection, care and cleanliness of the Project, the operations thereof,
the preservation of good order therein and the protection and comfort of its tenants, their agents, employees and invitees (so long as such rules do not materially and adversely interfere with Tenant’s occupancy and use of the Premises), which
rules when made and notice thereof given to Tenant shall be binding upon him, her or it in a like manner as if originally prescribed. 
  

	1.	Sidewalks, entrances, passages, elevators, vestibules, stairways, corridors, halls, lobby and any other part of the Building shall not be obstructed or encumbered by any Tenant or
used for any purpose other than ingress or egress to and from each tenant’s premises. Landlord shall have the right to control and operate the common portions of the Building and exterior facilities furnished for common use of the tenants (such
as the eating, smoking, and parking areas) in such a manner as Landlord deems appropriate. 

  

	2.	No awnings or other projections shall be attached to the outside walls of the Building without Landlord’s prior written consent. All drapes, or window blinds, must be of a
quality, type and design, color and attached in a manner approved by Landlord. 

  

	3.	No showcases or other articles shall be put in front of or affixed to any part of the exterior of the Building, or placed in hallways or vestibules without Landlord’s prior
written consent. 

  

	4.	Rest rooms and other plumbing fixtures shall not be used for any purposes other than those for which they were constructed and no debris, rubbish, rags or other substances shall be
thrown therein. Only standard toilet tissue may be flushed in commodes. All damage resulting from any misuse of these fixtures shall be the responsibility of the tenant who, or whose employees, agents, visitors, clients, or licensees shall have
caused same. 

  

	5.	No tenant, without Landlord’s prior consent, shall mark, paint, drill into, bore, cut or string wires or in any way deface any part of the Premises or the Building of which
they form a part except for the reasonable hanging of decorative or instructional materials on the walls of the Premises. 

  

	6.	Tenants shall not construct or maintain, use or operate in any part of the project any electrical device, wiring or other apparatus in connection with a loud speaker system or other
sound/communication system which may be heard outside the Premises. Any such communication system to be installed within the Premises shall require prior written approval of Landlord. 

  

	7.	No mopeds, skateboards, scooters or other vehicles and no animals, birds or other pets of any kind shall be brought into or kept in or about the Building. 

 

 Exhibit C – Page 1 

	8.	No tenant shall cause or permit any unusual or objectionable odors to be produced upon or permeate from its premises. 

  

	9.	No space in the Building shall be used for the manufacture of goods for sale in the ordinary course of business, or for sale at auction of merchandise, goods or property of any
kind. 

  

	10.	No tenant, or employees of tenant, shall make any unseemly or disturbing noises or disturb or interfere with the occupants of this or neighboring buildings or residences by voice,
musical instrument, radio, talking machines, whistling, singing, or in any way. All passage through the Building’s hallways, elevators, and main lobby shall be conducted in a quiet, business-like manner. Skateboarding, rollerblading and
rollerskating shall not be permitted in the Building or in the common areas of the Project. 

  

	11.	No tenant shall throw anything out of the doors, windows, or down corridors or stairs of the Building. 

  

	12.	Tenant shall not place, install or operate on the Premises or in any part of the Project, any engine, stove or machinery or conduct mechanical operations or cook thereon or therein
(except for coffee machine, microwave oven, toasters and/or vending machine), or place or use in or about the Premises or Project any explosives, gasoline, kerosene oil, acids, caustics or any other flammable, explosive, or hazardous material
without Landlord’s prior written consent. 

  

	13.	No smoking is permitted in the Building, including but not limited to the Premises, rest rooms, hallways, elevators, stairs, lobby, exit and entrances vestibules, sidewalks, parking
lot area except for the designated exterior smoking area. All cigarette ashes and butts are to be deposited in the containers provided for same, and not disposed of on sidewalks, parking lot areas, or toilets within the Building rest rooms.

  

	14.	Tenants are not to install any additional locks or bolts of any kind upon any door or window of the Building without Landlord’s prior written consent. Each tenant must, upon
the termination of tenancy, return to the Landlord all keys for the Premises, either furnished to or otherwise procured by such tenant, and all security access cards to the Building. 

  

	15.	All doors to hallways and corridors shall be kept closed during business hours except as they may be used for ingress or egress. 

  

	16.	Tenant shall not use the name of the Building or Landlord in any way in connection with its business except as the address thereof. Landlord shall also have the right to prohibit
any advertising by tenant, which, in its sole opinion, tends to impair the reputation of the Building or its desirability as a building for offices, and upon written notice from Landlord, tenant shall refrain from or discontinue such advertising.

  

	17.	Tenants must be responsible for all Security Access cards issued to them, and to secure the return of same from any employee terminating employment with them. Lost cards shall cost
$35.00 per card to replace. No person/company other than Building tenants and/or their employees may have Security Access cards unless Landlord grants prior written approval. 

  

 Exhibit C – Page 2 

	18.	All deliveries by vendors, couriers, clients, employees or visitors to the Building which involve the use of a hand cart, hand truck, or other heavy equipment or device must be made
via the Freight Elevator. Tenant shall be responsible to Landlord for any loss or damage resulting from any deliveries made by or for tenant to the Building. Tenant shall procure and deliver a certificate of insurance from tenant’s movers which
certificate shall name Landlord as an additional insured. 

  

	19.	Landlord reserves the right to inspect all freight to be brought into the Building, and to exclude from the Building all freight or other material which violates any of these rules
and regulations. 

  

	20.	Tenant will refer all contractors, contractor’s representatives and installation technicians, rendering any service on or to the premises for tenant, to Landlord for
Landlord’s approval and supervision before performance of any contractual service or access to Building. This provision shall apply to all work performed in the Building including installation of telephones, telegraph equipment, electrical
devices and attachments and installations of any nature affecting floors, walls, woodwork, trim, windows, ceilings, equipment or any other physical portion of the Building. Landlord reserves right to require that all agents of contractors/vendors
sign in and out of the Building. 

  

	21.	Landlord reserves the right to exclude from the Building at all times any person who is not known or does not properly identify himself to Landlord’s management or security
personnel. 

  

	22.	Landlord may require, at its sole option, all persons entering the Building after 6:00 P.M. or before 7:00 A.M., Monday through Friday and at any time on Holidays,
Saturdays and Sundays, to register at the time they enter and at the time they leave the Building. 

  

	23.	No space within the Building, or in the common areas such as the parking lot, may be used at any time for the purpose of lodging, sleeping, or for any immoral or illegal purposes.

  

	24.	No employees or invitees of tenant shall use the hallways, stairs, lobby, or other common areas of the Building as lounging areas during “breaks” or during lunch periods.

  

	25.	No canvassing, soliciting or peddling is permitted in the Building or its common areas by tenants, their employees, or other persons. 

  

	26.	No mats, trash, or other objects shall be placed in the public corridors, hallways, stairs, or other common areas of the Building. 

  

	27.	Tenant must place all recyclable items of cans, bottles, plastic and office recyclable paper in appropriate containers provided by Landlord in each tenant’s space. Removal of
these recyclable items will be by Landlord’s janitorial personnel. 

  

 Exhibit C – Page 3 

	28.	Landlord does not maintain suite finishes which are non-standard, such as kitchens, bathrooms, wallpaper, special lights, etc. However, should the need arise for repair of items not
maintained by Landlord, Landlord at its sole option, may arrange for the work to be done at tenant’s expense. 

  

	29.	No drapes, pictures, signage, advertising, decals, banners, etc. are permitted to be placed in or on windows in such a manner as they are visible from the exterior, without
Landlord’s prior written consent. 

  

	30.	Tenant or tenant’s employees are prohibited at any time from eating or drinking in hallways, elevators, rest rooms, lobby or lobby vestibules. 

  

	31.	Tenant shall be responsible to Landlord for any acts of vandalism performed in the Building by its employees, agents, invitees or visitors. 

  

	32.	No tenant shall permit the visit to its Premises of persons in such numbers or under such conditions as to interfere with the use and enjoyment of the entrances, hallways,
elevators, lobby or other public portions or facilities of the Building and exterior common areas by other tenants. 

  

	33.	Landlord’s employees shall not perform any work or do anything outside of their regular duties unless under special instructions from Landlord. Requests for such requirements
must be submitted in writing to Landlord. 

  

	34.	Tenant agrees that neither tenant nor its agents, employees, licensees or invitees will interfere in any manner with the installation and/or maintenance of the heating, air
conditioning and ventilation facilities and equipment. 

  

	35.	Landlord will not be responsible for lost or stolen personal property, equipment, money or jewelry from tenant’s area or common areas of the Project regardless of whether such
loss occurs when area is locked against entry or not. 

  

	36.	Landlord will not permit entrance to tenant’s Premises by use of pass key controlled by Landlord, to any person at any time without written permission of tenant, except
employees, contractors or service personnel supervised or employed by Landlord. 

  

	37.	Tenant and its agents, employees and invitees shall observe and comply with the driving and parking signs and markers on the Building grounds and surrounding areas.

  

	38.	Tenant and its employees, invitees, agents, etc. shall not enter other separate tenants’ hallways, restrooms or premises unless they have received prior approval from
Landlord’s management. 

  

	39.	Tenant shall not use or permit the use of any portion of the Premises for outdoor storage. 

 * * * * * * * * * * * 
  

 Exhibit C – Page 4 

 EXHIBIT “D” 
 LEASEHOLD IMPROVEMENTS 
 ARTICLE 1 
 DEFINITIONS 
 The terms defined in Article 1
of this Exhibit D, for all purposes of this Exhibit D, shall have the meanings herein specified, and in addition to the terms defined herein, the definitions otherwise set forth in this Lease shall also apply to this Exhibit D. 
 1.01. “Base Condition” shall mean the condition of the Premises at the time of execution of this Lease as more fully described on Exhibit
“D-1” to this Lease. 
 1.02. “Building Standard” means the quality of materials, finishes, and workmanship from time to
time specified by Landlord for the Building. 
 1.03 “Construction Documents” shall mean all final construction drawings, including
mechanical, electrical and plumbing plans and specifications required for Landlord’s Contractor to perform Landlord’s Work. 
 1.04. “Non-Building Standard” means all materials, finishes, and workmanship used in connection with the construction and installation of the Leasehold Improvements which deviate from Building Standard in terms of quality.

 1.05. “Landlord’s Work” means the work which is supplied, installed, and finished by Landlord’s Contractor, at
Landlord’s cost (subject to the amount of Tenant’s Allowance [as hereinafter defined] and Tenant’s payment of any Excess Costs [as hereinafter defined]), to complete any Leasehold Improvements to the Premises. 
 1.06. “Leasehold Improvements” shall mean the leasehold improvements to be completed in the Premises. 
 1.07. “Landlord Delays” shall mean delays in performance solely attributable to Landlord’s failure to timely approve plans or other
matters requiring Landlord’s approval or to perform its payment or other obligations within the time periods set forth herein. 
 1.08.
“Landlord’s Contractor” means Marcon Construction. 
 1.09. “Landlord’s Manager” shall be the manager of the
Building, whose responsibilities include serving as construction manager for Landlord in connection with the construction of the Leasehold Improvements. 
 1.10. “Tenant Delays” means all delays caused or permitted by Tenant, its contractors, agents, employees and/or invitees which would result in a delay in Substantial Completion as determined by Landlord in
its sole discretion, reasonably exercised, including, without limitation, (i) Tenant’s failure to timely review, submit and/or approve plans, drawings, building 

  

 Exhibit D – Page 1 

 
materials or finishes (ii) Tenant’s selection of materials and finishes, requiring long lead times to obtain, fabricate or install, regardless of
whether or not same constitute Building Standard, (iii) Tenant’s failure or delay in paying the Excess Costs (as defined below) or the first month’s Rent, or in posting the required letter of credit as the security deposit,
(iv) Tenant’s failure to perform any covenant or condition of this Lease (v) changes by Tenant to the scope of Landlord’s Work or Leasehold Improvements during the construction process or (vi) any other matter, whether
similar or dissimilar to the foregoing within Tenant’s control which delays Substantial Completion. Tenant acknowledges that Landlord’s obligations under this Exhibit D are dependent and conditioned on Tenant’s compliance with all of
the covenants and conditions binding on Tenant under the Lease; by way of example, and not limitation, if Tenant fails to post the required letter of credit, Landlord may immediately cease Landlord’s Work (or not commence same), and any delay
in Substantial Completion resulting therefrom shall be deemed to be a Tenant Delay. 
 1.11. “Tenant Expenditure Authorization”
means an authorization by Tenant, prior to the commencement of any Landlord’s Work for Landlord’s Manager to contract to expend funds on behalf of Tenant. 
 1.12 Tenant’s Space Planner shall mean Noack-Little Architects 
 1.13 “Substantial
Completion” or “Substantially Completed” means the following conditions have been met: (a) the Leasehold Improvements have been substantially completed such that no “punch-list” items remain the completion of which
would interfere with Tenant’s use or occupancy of the Premises as reasonably determined by Landlord’s architect or Landlord’s Contractor; and (b) either a certificate or certificates of occupancy (temporary or final) has or have
been issued for the Premises by the appropriate governmental authority. 
 ARTICLE 2 
 COMPLETION OF PREMISES 
 2.01. Attached as Exhibit “A” to the Lease is the
space plan and specifications prepared by Tenant’s Space Planner and dated 1/23/08 (the “Space Plan”) for the completion of the Leasehold Improvements in the Premises, which Space Plan has been approved by Landlord and Tenant. Tenant
shall cause Tenant’s Space Planner to have a preliminary set of Construction Documents prepared based on the Space Plan, and deliver same to Landlord’s Manager as soon as possible after the execution and delivery of this Lease, but no
later than February 19, 2008. Landlord agrees to promptly review or cause Landlord’s Manager to review such preliminary set of Construction Documents and provide Tenant with its comments identifying the required revisions to same by
February 22, 2008. Tenant shall resubmit the Construction Documents to Landlord’s Manager after making the required revisions thereto within three days after receipt of comments from Landlord or Landlord’s Manager. Landlord shall
cause Landlord’s Manager will prepare a Tenant Expenditure Authorization and submit same to Tenant within two (2) days after receipt of the revised Construction Documents. Landlord will require Tenant’s approval of the Tenant
Expenditure Authorization prior to commencing Landlord’s Work, which approval shall be given or denied by Tenant on or before February 29, 2008. If Tenant fails to expressly disapprove the Tenant Expenditure Authorization by such date,
then Landlord’s Manager shall 

  

 Exhibit D – Page 2 

 
be authorized to proceed thereon. If Tenant disapproves a Tenant Expenditure Authorization, it shall specify in reasonable detail the reasons for such
disapproval; however, such disapproval shall constitute a Tenant Delay. Provided that Tenant has approved the Tenant Expenditure Authorization by February 29, 2008, Landlord agrees to commence Landlord’s Work by March 2, 2008. Except
as otherwise provided in this Exhibit D, all costs for the preparation, approval and implementation of the Space Plan and the Construction Drawings, including professional fees and the cost of Tenant’s Space Planner, and the cost of
Landlord’s Work shall be paid by Landlord, subject, however, to the amount of Tenant’s Allowance and Tenant’s payment of any Excess Costs. 
 2.02. Unless otherwise agreed to in writing by Landlord and Tenant, all Landlord’s Work involved in the construction and installation of the Leasehold Improvements shall be carried out by Landlord’s
Contractor under the sole direction of Landlord’s Manager, who shall serve as construction manager on behalf of Landlord. Tenant shall cooperate with Landlord, Tenant’s Space Planner, Landlord’s Contractor and Landlord’s Manager
to promote the efficient and expeditious completion of Landlord’s Work. Landlord shall pay Landlord’s Contractor directly for any and all costs incurred in connection with Landlord’s Work. To the extent that the cost of
Landlord’s Work exceeds Tenant’s Allowance, Tenant agrees to pay, promptly upon being billed therefor, the amount by which the cost (labor and materials) of all Landlord’s Work exceeds Tenant’s Allowance (the “Excess
Costs”). Tenant shall pay 50% of the Excess Costs to Landlord’s Manager in trust prior to commencement of Landlord’s Work, which payments shall be applied by Landlord’s Manager to the payment of the Excess Costs at such time as
Tenant has paid 50% of the Excess Costs from its own funds in accordance with the monthly statements to be delivered by Landlord’s Manager to Tenant pursuant to this Section 2.02. Landlord’s Contractor shall not commence
Landlord’s Work without payment in trust to Landlord’s Manager of 50% of the Excess Costs. Landlord’s Manager shall submit monthly statements of Excess Costs incurred to Tenant, which statements shall reflect Tenant’s prorata
portion of such statement, and shall be supplemented with any supporting information reasonably requested by Tenant. Tenant shall promptly pay Tenant’s prorata portion of such statement, with the final payment to be due on or before Substantial
Completion of the Leasehold Improvements. Tenant agrees that in the event of default of any payment required by Tenant pursuant to this Exhibit D, Landlord (in addition to all other remedies) shall have the same rights as in the Event of Default of
payment of Rent under this Lease. 
 2.03. Any changes in the Leasehold Improvements requested by Tenant from the work as reflected in the
Space Plan shall require Landlord’s written approval, and, in the event of any such approved change in the Space Plan, Landlord shall, upon completion of Landlord’s Work, furnish Tenant with an accurate “as-built” plan of
Landlord’s Work as constructed, which plan shall be incorporated into this Exhibit D by this reference for all intents and purposes when said plan is fully completed. 
 2.04. All design, construction and installation shall conform to the requirements of applicable building, plumbing and electrical codes, requirements of
governmental laws, including the ADA, and the requirements of any authority having jurisdiction over, or with respect to, such work. 
  

 Exhibit D – Page 3 

 2.05. Tenant acknowledges that the Premises, and the existing leasehold improvements, are delivered to
Tenant, and accepted by Tenant, in Base Condition, except for the construction of the Leasehold Improvements to the Premises in accordance with the approved Construction Documents. 
 2.06. In an effort to minimize Tenant Delays, Landlord agrees to notify Tenant of any existing or potential Tenant Delay within two (2) days after
Landlord first becomes aware of same; provided, however, that Landlord shall not be required to give Tenant notice of specific dates for compliance set forth in this Lease. 
 ARTICLE 3 
 TENANT’S ALLOWANCE 
 3.01. Landlord hereby grants Tenant an allowance up to Two Million Six Hundred Seventeen Thousand Four Hundred Eighty ($2,617,480.00) (calculated at
Forty Dollars ($40.00) per square foot of Rentable Area of the Premises) (“Tenant’s Allowance”) to be used only towards the costs of Tenant’s Space Planner, the Space Plan and Landlord’s Work for the Premises; provided,
however that up to Five Dollars ($5.00) per square foot of Rentable Area of the Premises from Tenant’s Allowance may be used to pay for Tenant’s actual moving expenses and reasonable cabling expenses. Tenant’s Allowance shall only be
available to Tenant to pay for the costs set forth above in this Section 3.01 of this Exhibit D during the period commencing with the date of the execution of this Lease by Landlord and Tenant and terminating sixty (60) days after
Substantial Completion of the Leasehold Improvements. 
 ARTICLE 4 
 EARLY ACCESS 
 4.01. When Landlord’s Work has progressed to a point where
Tenant’s presence at the Premises will not interfere with the completion of Landlord’s Work or result in a Tenant Delay, Landlord will permit Tenant to have access to the Premises for the installation of data and telephone cabling as well
as the relocation of furniture, equipment and other personal property, provided that Tenant’s contractors, agents and employees do not interfere with Landlord’s Work and Tenant assumes full risk for any damage to its personal property on
or about the Premises prior to Substantial Completion. Tenant shall fully indemnify Landlord from all claims arising out of or related to Tenant’s early access and shall provide Landlord with evidence of its insurance coverages as required by
Section 15 of the Lease before such access is permitted. 
  

 Exhibit D – Page 4 

 EXHIBIT “D-l” 
 BASE BUILDING CONDITION 
 “Base Building Condition” shall mean the condition of the
Premises with the following improvements completed: 
  

	1.	Premises dried in and weather tight. 

	2.	Core walls on each floor on which the Premises are located completed ready to receive finishes. 

	3.	Broom clean unfinished concrete floors throughout the Premises, completed to a tolerance of 1/4 inch per 10 feet. 

	4.	Building Standard ceiling grid system and 2 foot by 4 foot ceiling tile stacked on the floor. 

	5.	110 Volt 20 Amp power supplied to the Building core, at panels in the electrical closet. 

	6.	Exterior main heating, ventilating, and air conditioning ducts completed to the mixing boxes. 

	7.	Sprinkler risers and main loop on each floor with sprinkler heads turned up at ratio of 1 per 225 usable square feet. 

	8.	Building Standard smoke detectors in accordance with applicable shell building codes. 

	9.	Building Standard lights, stacked on the floor, at a ratio of I per 100 usable square feet. 

	10.	Shell building, exit lights and fire alarms installed. 

	11.	Building Standard window treatment provided. 

	12.	Access to core to domestic cold water, waste and vent systems. 

	13.	Building Standard telephone closets and telephone boards installed one (1) per each floor and finished in sheetrock. 

	14.	Sound insulation at core. 

	15.	Landlord agrees to make available to Tenant six inches clearance above a 9’-0” ceiling (this includes areas under the existing main duct trunk lines, return air boots, VAV
boxes, and sprinkler mains), at its sole cost and expense and not as part of the Tenant’s Allowance, provided that the parties agree to work reasonably to design around any clearance conflicts. 

  

 Exhibit D-1 – Page 1 

 EXHIBIT “E” 
 FORM OF LETTER OF CREDIT 
 [FORM OF LETTER OF CREDIT MAY BE REVISED PENDING RECEIPT OF DRAFT
LC FROM TENANT’S BANK] 
  

							
	ISSUING BANK:                                   
                            	 		  		 	

							
				
	ISSUE DATE:                                    
                                	 		 	EXPIRY DATE:	 	  

							
				
	LETTER OF CREDIT NUMBER:                                
    	 		  		 	

							
				
	AMOUNT: $                                    
                                  	 		  		 	

					
			
	BENEFICIARY:	 		  	APPLICANT:
	Brandywine Acquisition Partners, LP	 		  	
	555 East Lancaster Avenue, Suite 100	 		  	  

	Radnor, PA 19087	 		  	  

	Attn: General Counsel	 		  	  

					
			
	RE:                                      
                                        
        	 		  	

					
	ACCOUNT #                                    
                                 	 		  	

 We hereby issue this irrevocable standby letter of credit in Beneficiary’s favor which is available by
payment against drafts drawn at                                  bearing the
clause: “drawn under irrevocable standby letter of credit no.                     ”. 
 1. Issuer shall pay the amount of this letter of credit upon presentation of the following: (i) the original of this letter of credit, or a copy
thereof in the event that the amount drawn upon is less than the full amount of this letter of credit or the remaining undrawn amount of this letter of credit; (ii) sight draft executed by an officer or authorized representative of the
Beneficiary (or its designated transferee of this letter of credit), in the amount being drawn upon under the letter of credit; and (iii) a statement, certified as true, by an officer or duly authorized representative of the Beneficiary (or its
designated transferee of this letter of credit), which states that: (A) the tenant has failed to comply with or perform under the terms and conditions of that certain lease between Beneficiary, as landlord and SolarWinds.net, Inc., as tenant
dated                     , 2008, as such lease may be amended from time to time and that the amount requested to be drawn is that which is
reasonably necessary to cure the default of Applicant under such lease; (B) a petition has been filed by or against tenant commencing a case under Title 11 of the United States Code, or a case has been commenced by or against tenant under other
state or federal bankruptcy laws; or (C) the beneficiary, or its successors and assigns, has failed to receive an amendment to this letter of credit extending the expiration date of this letter of credit for a period of not less than
one (1) year, in form and substance acceptable to beneficiary, or its successors and assigns, at least sixty (60) days prior to the expiration date of this letter of credit.” 
  

 Exhibit E – Page 1 

 SPECIAL CONDITIONS:—This Letter of Credit shall automatically renew on an annual basis absent 60 days prior written
notice to the contrary to Beneficiary. 
  

							
	 PRESENT DOCUMENTS TO:
	    	  
	 	
		    	  
	 	
		    	  
	 	
		    	ATTN:	 	  
	 	

 UNLESS OTHERWISE SPECIFICALLY STATED, THIS CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY
CREDITS 1993 REVISION. THE INTERNAL CHAMBER OF COMMERCE PUBLICATION NO. 500. 
  

	
	  

	 AUTHORIZED SIGNATURE

  

 Exhibit E – Page 2 

 EXHIBIT “F” 
 RIGHT OF FIRST REFUSAL 
 A. 1. During the initial Term, Tenant shall have a continuing right of first refusal (the “Building Two Right of First Refusal”) with respect to the remaining space on the first (1st) and second (2nd) floors of the Building not leased by Tenant (the
“Building Two Refusal Space”), on the terms and conditions set forth in this of Exhibit “F”. 
 2. If
Landlord has a prospective tenant or receives a bona fide offer from a prospective tenant to lease any Building Two Refusal Space, Landlord shall deliver a written notice to Tenant (the “Building Two Offer Notice”), which Building Two
Offer Notice shall specify the subject Building Two Refusal Space and shall contain all of the material terms and conditions upon which Landlord intends to lease such Building Two Refusal Space (including the rental rate and finish-out allowance).
Tenant shall have ten (10) days after receipt of the Building Two Offer Notice to notify Landlord in writing of Tenant’s election whether to lease such Building Two Refusal Space pursuant to all of the terms and conditions contained in the
Building Two Offer Notice; provided, however, that if the Building Two Offer Notice is delivered to Tenant at any time prior to the last three (3) years of the initial Term, the term of the Lease for the applicable Building Two Refusal Space
shall be co-terminous with the remaining initial Term and, if the proposed term for the lease of the Building Two Refusal Space exceeds three (3) years, then any concessions offered to such third party shall be proportionally reduced to apply
to Tenant’s lease of the applicable Building Two Refusal Space. To the extent that the Offer Notice is otherwise silent with respect to lease terms, the lease of the Building Two Refusal space shall be on terms consistent with the terms of this
Lease. If Tenant elects not to lease such Building Two Refusal Space or fails to timely elect to lease such Building Two Refusal Space, Landlord shall be free to lease such Building Two Refusal Space for a period of two hundred seventy (270)
days following such ten (10) day period to any prospective tenant upon substantially the terms and conditions contained in the Building Two Offer Notice. If Landlord thereafter fails to so lease such Building Two Refusal Space within such two
hundred seventy (270) day period or offers the Building Two Refusal space to the third party on terms that are not substantially the terms and conditions contained in the Building Two Offer Notice, then Tenant shall again have a right of first
refusal with respect to such Building Two Refusal Space pursuant to this Exhibit “F”. Tenant agrees that if it exercises its right of first refusal described in this Exhibit “F” with respect to any
Building Two Refusal Space, such exercise shall be irrevocable, and Tenant shall lease such Building Two Refusal Space as provided herein. 
 B. 1. During the initial Term, Tenant shall have a continuing right of first refusal (the “Building One Right of First Refusal”) with respect to Rentable Area in Building One of the Project that is “available for rent”
(the “Building One Refusal Space”), on the terms and conditions set forth in this Exhibit “F”. For purposes of this Section B of Exhibit “F”, the above described space shall be considered “available for
rent” if such space has previously been leased by Landlord, and such space becomes vacant and either (a) such space is not subject to any expansion option, right of first opportunity or right of first refusal granted to any tenant which
has leased space in Building One that was not previously leased and occupied by any tenant, or (b) the tenant leasing space or having any expansion option, right of first opportunity, right of first refusal or extension option with respect
thereto elects not to exercise any such option. 
  

 Exhibit F – Page 1 

 2. If Landlord has a prospective tenant or receives a bona fide offer from a prospective tenant to lease
any Building One Refusal Space, Landlord shall deliver a written notice to Tenant (the “Building One Offer Notice”), which Building One Offer Notice shall specify the subject Building One Refusal Space and shall contain all of the material
terms and conditions upon which Landlord intends to lease such Building One Refusal Space (including the rental rate and finish-out allowance). Tenant shall have ten (10) days after receipt of the Building One Offer Notice to notify Landlord in
writing of Tenant’s election whether to lease such Building One Refusal Space pursuant to all of the terms and conditions contained in the Building One Offer Notice; provided, however, that if the Building One Offer Notice is delivered to
Tenant at any time prior to the last three (3) years of the initial Term, the term of the Lease for the applicable Building One Refusal Space shall be co-terminous with the remaining initial Term and, if the proposed term for the lease of the
Building One Refusal Space exceeds three (3) years, then any concessions offered to such third party shall be proportionally reduced to apply to Tenant’s lease of the applicable Building One Refusal Space. To the extent that the Offer
Notice is otherwise silent with respect to lease terms, the lease of the Building One Refusal Space shall be on terms consistent with the terms of this Lease. If Tenant elects not to lease such Building One Refusal Space or fails to timely elect to
lease such Building One Refusal Space, Landlord shall be free to lease such Building One Refusal Space for a period of two hundred seventy (270) days following such ten (10) day period to any prospective tenant upon substantially the terms
and conditions contained in the Building One Offer Notice. If Landlord thereafter fails to so lease such Building One Refusal Space within such two hundred seventy (270) day period or offers the Building One Refusal space to the third party on
terms that are not substantially the terms and conditions contained in the Building One Offer Notice, then Tenant shall again have a right of first refusal with respect to such Building One Refusal Space pursuant to this
Exhibit “F”. Tenant agrees that if it exercises its right of first refusal described in this Exhibit “F” with respect to any Building One Refusal Space, such exercise shall be irrevocable, and Tenant shall
lease such Building One Refusal Space as provided herein. 
 3. Tenant shall not have the right to exercise the Building One Right of First
Refusal if Landlord is not the fee owner of Building One at the time such owner of Building One has a prospective tenant or receives a bona fide offer from a prospective tenant to lease any Building One Refusal Space. 
 4. Tenant shall not have the right to exercise the Building One Right of First Refusal unless at the time Landlord delivers the Building One Offer Notice
(i) Tenant’s Total Net Worth (as defined in the Lease) is greater than $75,000,000 and (ii) Tenant’s Liquid Net Worth (as defined in the Lease) is greater than $25,000,000 
 5. Tenant shall not have the right to exercise the Building One Right of First Refusal until Tenant is leasing substantially all of the available
Rentable Area of the Building (but excluding Rentable Area in the Building leased to third parties) on all of the same terms and conditions of Section A of this Exhibit “F”. 
  

 Exhibit F – Page 2 

 C. 1. Tenant shall not have the right to exercise the Building Two Right of First Refusal or the Building
One Right of First Refusal pursuant to this Exhibit “F” at any time an Event of Default has occurred and is outstanding under this Lease. 
 2. Any cancellation, termination or surrender of this Lease shall terminate all rights of Tenant under this Exhibit “F”. 
 3. Time shall be of the essence with respect to the exercise of Tenant’s rights under this Exhibit” F”. 
  

 Exhibit F – Page 3 

 EXHIBIT “G” 
 SIGNAGE 
  

 Exhibit G – Page 1Credit and Guaranty Agreement

 Exhibit 10.21 
 Execution Copy 
 CREDIT AND GUARANTY AGREEMENT 
 dated as of December 13, 2005 
 among 
 SOLARWINDS.NET, INC., 
 as Borrower, 
 SOLARWINDS.NET, LLC AND 
 CERTAIN SUBSIDIARIES OF SOLARWINDS.NET, LLC 
 as Guarantors, 

VARIOUS LENDERS, 
 GOLDENTREE
ASSET MANAGEMENT, LP, 
 as Lead Arranger and Syndication Agent, 
 and 
 THE BANK OF NEW YORK, 
 as Administrative Agent and Collateral Agent 
  
  
 $85,000,000 First Lien Senior
Secured Credit Facility 
  
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 SECTION 1.
	  	DEFINITIONS AND INTERPRETATION	  	1
	 1.1
	  	Definitions	  	1
	 1.2
	  	Accounting Terms	  	28
	 1.3
	  	Interpretation, etc.	  	28
			
	 SECTION 2.
	  	LOANS	  	29
	 2.1
	  	Loans	  	29
	 2.2
	  	Pro Rata Shares; Availability of Funds	  	29
	 2.3
	  	Use of Proceeds	  	30
	 2.4
	  	Evidence of Debt; Register; Lenders’ Books and Records; Notes	  	30
	 2.5
	  	Interest on Loans	  	31
	 2.6
	  	Default Interest	  	31
	 2.7
	  	Fees	  	32
	 2.8
	  	Payments	  	32
	 2.9
	  	Voluntary Prepayments	  	32
	 2.10
	  	Mandatory Prepayments	  	33
	 2.11
	  	Application of Prepayments	  	34
	 2.12
	  	General Provisions Regarding Payments	  	35
	 2.13
	  	Ratable Sharing	  	36
	 2.14
	  	Increased Costs; Capital Adequacy	  	36
	 2.15
	  	Taxes; Withholding, etc.	  	38
	 2.16
	  	Obligation to Mitigate	  	40
	 2.17
	  	Removal or Replacement of a Lender	  	40
			
	 SECTION 3.
	  	CONDITIONS PRECEDENT	  	41
	 3.1
	  	Closing Date	  	41
			
	 SECTION 4.
	  	REPRESENTATIONS AND WARRANTIES	  	45
	 4.1
	  	Organization; Requisite Power and Authority; Qualification	  	45
	 4.2
	  	Capital Stock and Ownership	  	45
	 4.3
	  	Due Authorization	  	45
	 4.4
	  	No Conflict	  	45
	 4.5
	  	Governmental Consents	  	46
	 4.6
	  	Binding Obligation	  	46
	 4.7
	  	Historical Financial Statements	  	46
	 4.8
	  	Projections	  	46
	 4.9
	  	No Material Adverse Change	  	46
	 4.10
	  	Reserved	  	46
	 4.11
	  	Adverse Proceedings, etc.	  	47
	 4.12
	  	Payment of Taxes	  	47
	 4.13
	  	Properties	  	47
	 4.14
	  	Environmental Matters	  	48
	 4.15
	  	No Defaults	  	48
	 4.16
	  	[RESERVED]	  	48

					
	 4.17
	  	Governmental Regulation	  	48
	 4.18
	  	Margin Stock	  	48
	 4.19
	  	Employee Matters	  	49
	 4.20
	  	Employee Benefit Plans	  	49
	 4.21
	  	Certain Fees	  	50
	 4.22
	  	Solvency	  	50
	 4.23
	  	Related Agreements	  	50
	 4.24
	  	Intellectual Property	  	50
	 4.25
	  	Compliance with Statutes, etc.	  	53
	 4.26
	  	Disclosure	  	53
	 4.27
	  	Patriot Act	  	53
			
	 SECTION 5.
	  	AFFIRMATIVE COVENANTS	  	53
	 5.1
	  	Financial Statements and Other Reports	  	54
	 5.2
	  	Existence	  	57
	 5.3
	  	Payment of Taxes and Claims	  	57
	 5.4
	  	Maintenance of Properties	  	58
	 5.5
	  	Insurance	  	58
	 5.6
	  	Inspections	  	58
	 5.7
	  	Lenders Meetings	  	59
	 5.8
	  	Compliance with Laws	  	59
	 5.9
	  	Subsidiaries	  	59
	 5.10
	  	Additional Material Real Estate Assets	  	60
	 5.11
	  	Further Assurances	  	60
	 5.12
	  	Key Man Life Insurance	  	60
			
	 SECTION 6.
	  	NEGATIVE COVENANTS	  	60
	 6.1
	  	Indebtedness	  	61
	 6.2
	  	Liens	  	62
	 6.3
	  	Equitable Lien	  	64
	 6.4
	  	No Further Negative Pledges	  	64
	 6.5
	  	Restricted Junior Payments	  	65
	 6.6
	  	Restrictions on Subsidiary Distributions	  	65
	 6.7
	  	Investments	  	65
	 6.8
	  	Financial Covenants	  	67
	 6.9
	  	Fundamental Changes; Disposition of Assets	  	69
	 6.10
	  	Disposal of Subsidiary Interests	  	70
	 6.11
	  	Sales and Lease-Backs	  	70
	 6.12
	  	Transactions with Shareholders and Affiliates	  	70
	 6.13
	  	Conduct of Business	  	70
	 6.14
	  	Amendments or Waivers of Certain Related Agreements	  	70
			
	 SECTION 7.
	  	GUARANTY	  	71
	 7.1
	  	Guaranty of the Obligations	  	71
	 7.2
	  	Contribution by Guarantors	  	71
	 7.3
	  	Payment by Guarantors	  	72
	 7.4
	  	Liability of Guarantors Absolute	  	72

					
	 7.5
	  	Waivers by Guarantors	  	74
	 7.6
	  	Guarantors’ Rights of Subrogation, Contribution, etc.	  	75
	 7.7
	  	Subordination of Other Obligations	  	75
	 7.8
	  	Continuing Guaranty	  	75
	 7.9
	  	Authority of Guarantors or Company	  	76
	 7.10
	  	Financial Condition of Company	  	76
	 7.11
	  	Bankruptcy, etc.	  	76
	 7.12
	  	Discharge of Guaranty Upon Sale of Guarantor	  	77
			
	 SECTION 8.
	  	EVENTS OF DEFAULT	  	77
	 8.1
	  	Events of Default	  	77
	 8.2
	  	Cure Rights	  	80
			
	 SECTION 9.
	  	AGENTS	  	81
	 9.1
	  	Appointment of Agents	  	81
	 9.2
	  	Powers and Duties	  	82
	 9.3
	  	General Immunity	  	83
	 9.4
	  	Agents Entitled to Act as Lender	  	84
	 9.5
	  	Lenders’ Representations, Warranties and Acknowledgment	  	85
	 9.6
	  	Right to Indemnity	  	86
	 9.7
	  	Successor Administrative Agent and Collateral Agent	  	86
	 9.8
	  	Collateral Documents and Guaranty	  	87
			
	 SECTION 10.
	  	MISCELLANEOUS	  	88
	 10.1
	  	Notices	  	88
	 10.2
	  	Expenses	  	88
	 10.3
	  	Indemnity	  	89
	 10.4
	  	Set-Off	  	90
	 10.5
	  	Amendments and Waivers	  	90
	 10.6
	  	Successors and Assigns; Participations	  	91
	 10.7
	  	Independence of Covenants	  	94
	 10.8
	  	Survival of Representations, Warranties and Agreements	  	94
	 10.9
	  	No Waiver; Remedies Cumulative	  	95
	 10.10
	  	Marshalling; Payments Set Aside	  	95
	 10.11
	  	Severability	  	95
	 10.12
	  	Obligations Several; Independent Nature of Lenders’ Rights	  	95
	 10.13
	  	Headings	  	95
	 10.14
	  	APPLICABLE LAW	  	96
	 10.15
	  	CONSENT TO JURISDICTION	  	96
	 10.16
	  	WAIVER OF JURY TRIAL	  	96
	 10.17
	  	Confidentiality	  	97
	 10.18
	  	Usury Savings Clause	  	98
	 10.19
	  	Counterparts	  	98
	 10.20
	  	Effectiveness	  	98
	 10.21
	  	Patriot Act	  	99
	 10.22
	  	Electronic Execution of Assignments	  	99

 Schedules 

			
	 Schedule 3.1:
	  	Organizational and Capital Structure
	 Schedule 4.1:
	  	Jurisdictions of Operation
	 Schedule 4.2:
	  	Capital Stock
	 Schedule 4.13:
	  	Real Estate
	 Schedule 4.16:
	  	Material Contracts
	 Schedule 4.24:
	  	Intellectual Property
	 Schedule 6.1:
	  	Existing Indebtedness
	 Schedule 6.2:
	  	Liens
	 Schedule 6.6:
	  	Restrictions on Subsidiary Distributions
	 Schedule 6.7:
	  	Investments
	 Schedule 6.12:
	  	Transactions with Shareholders and Affiliates

 Exhibits 

			
	 Exhibit A:
	  	Form of Assignment Agreement
	 Exhibit B:
	  	Form of Certificate re Non Bank Status
	 Exhibit C:
	  	Form of Closing Date Certificate
	 Exhibit D:
	  	Form of Compliance Certificate
	 Exhibit E:
	  	Form of Counterpart Agreement
	 Exhibit F:
	  	Form of Note
	 Exhibit G:
	  	Form of Funding Notice
	 Exhibit H :
	  	Form of Intercompany Note
	 Exhibit I:
	  	Reserved
	 Exhibit J:
	  	Form of Mortgage
	 Exhibit K:
	  	Form of Pledge and Security Agreement
	 Exhibit L:
	  	Form of Solvency Certificate
	 Exhibit M:
	  	Form of Legal Opinion
	
	Appendices
	 Appendix A:
	  	Commitments
	 Appendix B:
	  	Principal Office

 CREDIT AND GUARANTY AGREEMENT 
 This CREDIT AND GUARANTY AGREEMENT, dated as of December 13, 2005, is entered into by and among SolarWinds.Net, Inc., an Oklahoma
corporation (“Holdings”), SolarWinds.Net, LLC, a Delaware limited liability company (“Company”), and certain Subsidiaries of Company, as Guarantors, the Lenders party hereto from time to time, GoldenTree Asset
Management, L.P., as Lead Arranger and as Syndication Agent (in such capacities, “Syndication Agent”), and The Bank of New York, a New York banking corporation, as Administrative Agent (together with its permitted successors in such
capacity, “Administrative Agent”) and as Collateral Agent (together with its permitted successor in such capacity, “Collateral Agent”). 
 RECITALS: 
 WHEREAS, capitalized terms used in these Recitals shall have the respective
meanings set forth for such terms in Section 1.1 hereof; 
 WHEREAS, Lenders have agreed to extend first lien term loans
hereunder to Company in an aggregate amount not to exceed $85,000,000; 
 WHEREAS, pursuant to a Second Lien Credit and Guarantee
Agreement, dated the date hereof (the “Second Lien Credit Agreement”), the lenders thereunder have agreed to extend second lien term loans to Company in an aggregate amount not to exceed $25,000,000; 
 WHEREAS, Company has agreed to secure all of its Obligations hereunder by granting to Collateral Agent, for the benefit of Secured Parties, a
First Priority Lien on its assets, including a pledge of all of the Capital Stock of each of its Subsidiaries; and 
 WHEREAS,
Guarantors have agreed to guarantee the obligations of Company hereunder and to secure their respective Obligations by granting to Collateral Agent, for the benefit of Secured Parties, a First Priority Lien on their respective assets, including a
pledge of all of the Capital Stock of each of their respective Subsidiaries (including Company). 
 NOW, THEREFORE, in consideration
of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
 SECTION 1. DEFINITIONS AND
INTERPRETATION 
 1.1 Definitions. The following terms used herein, including in the preamble, recitals, exhibits and
schedules hereto, shall have the following meanings: 
 “Acquisition” means the acquisition of approximately
67.8% of the issued and outstanding shares of Holdings’ common stock, and 67.8% of the issued and outstanding shares of Holdings’ preferred stock pursuant to the Acquisition Agreement 
 “Acquisition Agreement” means the Stock Purchase Agreement, dated as of December 13, 2005, by and among Bain Capital
Venture Integral Investors, LLC, a Delaware limited liability company, BCV Coinvest SW, LP, a Delaware limited partnership, Insight 

 
Venture Partners IV, L.P., a Delaware limited partnership, Insight Venture Partners IV (Fund B), L.P., a Delaware limited partnership, Insight Venture
Partners (Cayman) IV, L.P., a Cayman limited partnership, Insight Venture Partners IV, a Delaware limited partnership (Co-Investors), L.P., a Delaware limited partnership, Insight Venture Partners V, L.P., a Delaware limited partnership, Goldentree
Credit Opportunities, LP, Goldentree High Yield Partners, LP, Goldentree High Yield Partners (100), LP, Goldentree High Yield Partners II, LP, Goldentree Capital Solutions Fund, Robert Martin, Holdings, the stockholders of Holdings listed on the
signature pages thereof, and, solely for purposes of Article X thereof, Donald C. Yonce and David A. Yonce. 
 “Administrative Agent” as defined in the preamble hereto. 
 “Adverse Proceeding”
means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of Company or any of its Subsidiaries) at law or in equity, or before or by any
Governmental Authority, domestic or foreign (including any Environmental Claims and any action, suit, proceeding, governmental investigation or arbitration for which indemnification is claimed pursuant to any Contractual Obligation), whether pending
or, to the knowledge of Company or any of its Subsidiaries, threatened against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries. 
 “Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or under
common control with, that Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled by” and “under common control with”), as applied to
any Person, means the possession, directly or indirectly, of the power (i) to vote 10% or more of the Securities having ordinary voting power for the election of directors of such Person or (ii) to direct or cause the direction of the
management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise. 
 “Agent” means each of Administrative Agent, Syndication Agent and Collateral Agent. 
 “Aggregate Amounts Due” as defined in Section 2.13. 
 “Aggregate Payments” as
defined in Section 7.2. 
 “Agreement” means this Credit and Guaranty Agreement, dated as of
December 13, 2005, as it may be amended, supplemented or otherwise modified from time to time. 
 “Applicable
Margin” as defined in Section 2.5(a). 
 “Asset Sale” means a sale, lease or sub-lease (as
lessor or sublessor), sale and leaseback, assignment, conveyance, transfer, license or other disposition to, or any exchange of property with any Person (other than Company or any Guarantor Subsidiary), in one transaction or a series of
transactions, of all or any part of Company’s or any of its Subsidiaries’ businesses, assets or properties of any kind, whether real, personal, or mixed and whether tangible or intangible, whether now owned or hereafter acquired,
including, without limitation, the Capital 

  

 - 2 - 

 
Stock of any of Company’ Subsidiaries, other than (i) inventory or software(or other assets) sold, licensed or leased in the ordinary course of
business (excluding any such sales by operations or divisions discontinued or to be discontinued), (ii) damaged, worn out or obsolete assets, (iii) dispositions of Cash Equivalents and (iv) sales of other assets for aggregate
consideration of less than $250,000 with respect to any transaction or series of related transactions and less than $500,000 in the aggregate during any Fiscal Year. 
 “Assignment Agreement” means an Assignment and Assumption Agreement substantially in the form of Exhibit A, with such
amendments or modifications as may be approved by Administrative Agent. 
 “Assignment Effective Date” as
defined in Section 10.6(b). 
 “Authorized Officer” means, as applied to any Person, any individual
holding the position of chairman of the board (if an officer), chief executive officer, president or one of its vice presidents (or the equivalent thereof), and such Person’s chief financial officer or treasurer. 
 “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and
hereafter in effect, or any successor statute. 
 “Beneficiary” means each Agent and Lender. 
 “Board of Governors” means the Board of Governors of the United States Federal Reserve System, or any successor thereto.

 “Business Day” means any day (i) excluding Saturday, Sunday and any day which is a legal holiday
under the laws of the State of New York or is a day on which banking institutions located in such state are authorized or required by law or other governmental action to close and (ii) which is also a day for trading by and between banks in
Dollar deposits in the London interbank market. 
 “Capital Lease Obligations” of any person shall mean the
obligations of such person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as
capital leases on a balance sheet of such person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Capital Stock” means 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), including, without limitation, partnership interests and membership interests, and any and all warrants, rights or options to purchase or
other arrangements or rights to acquire any of the foregoing. 
 “Cash” means money, currency or a credit
balance in any demand or Deposit Account. 
  

 - 3 - 

 “Cash Equivalents” means, as at any date of determination,
(i) marketable securities (a) issued or directly and unconditionally guaranteed as to interest and principal by the United States Government or (b) issued by any agency of the United States the obligations of which are backed by the
full faith and credit of the United States, in each case maturing within one year after such date; (ii) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any
public instrumentality thereof, in each case maturing within one year after such date and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (iii) commercial paper maturing
no more than one year from the date of creation thereof and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (iv) certificates of deposit or bankers’ acceptances
maturing within one year after such date and issued or accepted by any commercial bank organized under the laws of the United States of America or any state thereof or the District of Columbia that (a) is at least “adequately
capitalized” (as defined in the regulations of its primary Federal banking regulator) and (b) has Tier 1 capital (as defined in such regulations) of not less than $100,000,000; (v) shares of any money market mutual fund that
(a) has at least 95% of its assets invested continuously in the types of investments referred to in clauses (i) and (ii) above, and (vi) repurchase obligations with a term of not more than 30 days for the underlying securities of
the types described in clause (i) above entered into with any bank meeting the qualifications specified in clause (iv) above. 
 “Casualty Event” shall mean any loss of title or any loss of or damage to or destruction of, or any condemnation or other taking (including by any Governmental Authority) of, any property of Company
or any of its Subsidiaries. “Casualty Event” shall include but not be limited to any taking of all or any part of any Real Property of any person or any part thereof, in or by condemnation or other eminent domain proceedings pursuant to
any law, or by reason of the temporary requisition of the use or occupancy of all or any part of any Real Property of any person or any part thereof by any Governmental Authority, civil or military, or any settlement in lieu thereof. 
 “Certificate re Non-Bank Status” means a certificate substantially in the form of Exhibit B. 
 “Change of Control” shall be deemed to have occurred if: 
 (a) prior to an IPO, either (i) prior to the second anniversary of the Acquisition, the Permitted Holders, directly or indirectly,
cease to own, or to have the power to vote or direct the voting of, Capital Stock of Holdings representing less than 60% of the voting power of the total outstanding Capital Stock of Holdings, or (ii) on or after the second anniversary of the
Acquisition, the Permitted Holders, directly or indirectly, cease to own, or to have the power to vote or direct the voting of, Capital Stock of Holdings representing less than 50% of the voting power of the total outstanding Capital Stock of
Holdings, or (iii) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than the Permitted Holders described in clauses (a) and (b) of the definition of
Permitted Holders, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that for purposes of this clause such person or group shall be deemed to have “beneficial ownership” of all
securities that such person or group has the right to acquire, whether 

  

 - 4 - 

 
such right is exercisable immediately or only after the passage of time), directly or indirectly, of Capital Stock of Holdings representing more than 50% of
the voting power of the total outstanding Capital Stock of Holdings; 
 (b) following an IPO, (i) the Permitted Holders,
directly or indirectly, shall fail to own, or to have the power to vote or direct the voting of, Capital Stock of Holdings representing more than 50% of the voting power of the total outstanding Capital Stock of Holdings and (ii) any
“person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than one or more Permitted Holders, is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the
Exchange Act, except that for purposes of this clause such person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable immediately
or only after the passage of time), directly or indirectly, of Capital Stock of Holdings representing more than 35% of the voting power of the total outstanding Capital Stock of Holdings; 
 (c) following an IPO, during any period of two consecutive years, individuals who at the beginning of such period constituted the Board of
Directors of Holdings (together with any new directors whose election to such Board of Directors or whose nomination for election was approved by a vote of a majority of the members of the Board of Directors of Holdings, which members comprising
such majority are then still in office and were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the Board of Directors of
Holdings; or 
 (d) Holdings ceases to own and have the power to vote or direct the voting of 100% of the Capital Stock of
Company. 
 “Closing Date” means the date on which the Loans are made. 
 “Closing Date Certificate” means a Closing Date Certificate substantially in the form of Exhibit C. 
 “Collateral” means, collectively, all of the real, personal and mixed property (including Capital Stock) in which Liens
are purported to be granted pursuant to the Collateral Documents as security for the Obligations. 
 “Collateral
Agent” as defined in the preamble hereto. 
 “Collateral Documents” means the Pledge and Security
Agreement, the Mortgages, if any, and all other instruments, documents and agreements delivered by any Credit Party pursuant to this Agreement or any of the other Credit Documents in order to grant to Collateral Agent, for the benefit of Secured
Parties, a Lien on any real, personal or mixed property of that Credit Party as security for the Obligations. 
 “Commitment” means the commitment of a Lender to make or otherwise fund a Loan, and “Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Commitment, if any,
is set forth on Appendix A or in the applicable 

  

 - 5 - 

 
Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Commitments as of the
Closing Date is $85,000,000. 
 “Company” as defined in the preamble hereto. 
 “Company Owned Intellectual Property” shall mean Intellectual Property, excluding Other Intellectual Property, that is
owned by Company or any of its Subsidiaries, including Company Registered Intellectual Property and any Intellectual Property that has been sold, transferred or assigned by a third party or person to any Company. 
 “Company Registered Intellectual Property” shall mean all of the Registered Intellectual Property owned by or filed in
the name of, Company or any of its Subsidiaries. 
 “Compliance Certificate” means a Compliance Certificate
substantially in the form of Exhibit D. 
 “Consolidated Adjusted EBITDA” means, for any period, an
amount determined for Company and its Subsidiaries on a consolidated basis equal to (i) the sum, without duplication, of the amounts for such period of (a) Consolidated Net Income, (b) Consolidated Interest Expense,
(c) provisions for taxes based on income, (d) total depreciation expense, (e) total amortization expense, (f) non-recurring cash fees, cash charges and other cash expenses made or incurred in connection with the Transactions that
are paid within 180 days of the completion of the Transactions,(g) non-recurring cash fees, cash charges and other cash expenses made or incurred in connection with a Permitted Acquisition that are paid within 180 days of the completion of such
Permitted Acquisition, (h) 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), and (i) one-time non-recurring costs incurred in connection with any disposition or discontinuation of any line or unit of business in an aggregate amount for all such costs in such period not to
exceed $1,000,000, to the extent deducted in the calculation of Consolidated Net Income, minus (ii) 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). Notwithstanding anything else herein to the contrary, for purposes of calculating Consolidated Adjusted EBITDA, Consolidated Adjusted EBITDA for the first quarter of
Fiscal Year 2005 shall be deemed to be $5,327,000, for the second quarter of Fiscal Year 2005 shall be deemed to be $5,835,000, and for the third quarter of Fiscal Year 2005 shall be deemed to be $6,596,000. 
 “Consolidated Capital Expenditures” means, for any period, the aggregate of all expenditures of Company and its
Subsidiaries during such period determined on a consolidated basis that, in accordance with GAAP, are or should be included in “purchase of property and equipment” or similar items reflected in the consolidated statement of cash flows of
Company and its Subsidiaries, but excluding (i) expenditures made in connection with the replacement, substitution or restoration of property pursuant to Section 2.10(a), (ii) the purchase price of equipment that is purchased
substantially contemporaneously with trade-in of existing 

  

 - 6 - 

 
equipment to the extent the price of such equipment is reduced by the trade-in credit granted by the seller, and (iii) the purchase price of equipment
that is purchased during such period to the extent the consideration therefore consists of a combination of (x) used or surplus equipment traded in at the time of such purchase and (y) the proceeds of a concurrent sale of used or surplus
equipment, in each case in the ordinary course of business. 
 “Consolidated Cash Interest Expense” means,
for any period, Consolidated Interest Expense for such period, excluding any amount not payable in Cash. 
 “Consolidated Current Assets” shall mean, as at any date of determination, the total assets of Company and its Subsidiaries which may properly be classified as current assets on a consolidated balance sheet of Company and
its Subsidiaries in accordance with GAAP. 
 “Consolidated Current Liabilities” shall mean, as at any date of
determination, the total liabilities of Company and its Subsidiaries which may properly be classified as current liabilities (other than the current portion of any Loans) on a consolidated balance sheet of Company and its Subsidiaries in accordance
with GAAP. 
 “Consolidated Excess Cash Flow” means, for any period, Consolidated Adjusted EBITDA for such
period, minus, without duplication: 
 (a) Debt Service for such period; 
 (b) any voluntary prepayments of Loans so long as such amounts are not already reflected in Debt Service, during such period; 

(c) Consolidated Capital Expenditures during such period (excluding Consolidated Capital Expenditures made in such period where a
certificate in the form contemplated by the following clause (d) was previously delivered) that are paid in cash; 
 (d)
Consolidated Capital Expenditures that Company or any of its Subsidiaries shall, during such period, become obligated to make but that are not made during such period; provided that Company shall deliver a certificate to the Administrative
Agent not later than 90 days after the end of such period, signed by an Officer of Company and certifying that such Consolidated Capital Expenditures will be made in the following Fiscal Quarter; 
 (e) taxes of Company and its Subsidiaries that were paid in cash during such period or will be paid within six months after the end of
such period and for which reserves have been established; 
 (f) the absolute value of the difference, if negative, of the
amount of Net Working Capital at the end of the prior period for which Consolidated Excess Cash Flow was measured less the amount of Net Working Capital at the end of such period; 
 (g) losses excluded from the calculation of Consolidated Net Income by operation of clause (d) of the definition thereof that are
paid in cash during such period; 
  

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 (h) to the extent added to determine Consolidated Adjusted EBITDA, all items that did not
result from a cash payment to Company or any of its Subsidiaries on a consolidated basis during such period; and 
 (i) up to
$20,000,000 of the cash purchase price paid in Permitted Acquisitions during such period except to the extent financed with the proceeds of Indebtedness, Excluded Issuances, or other proceeds that would not be included in Consolidated Pro Forma
EBITDA; 
 provided that any amount deducted pursuant of any of the foregoing clauses that will be paid after the close of such period shall not be
deducted again in a subsequent period; plus, without duplication: 
 (i) the difference, if positive, of the amount of
Net Working Capital at the end of the prior period less the amount of Net Working Capital at the end of such period; 
 (ii)
all proceeds received during such period of any Indebtedness to the extent used to finance any Capital Expenditure (other than Indebtedness under this Agreement to the extent there is no corresponding deduction to Excess Cash Flow above in respect
of the use of such borrowings); 
 (iii) to the extent any permitted Capital Expenditures referred to in (d) above do not
occur in the period specified in the certificate of Company provided pursuant to (d) above, such amounts of Capital Expenditures that were not so made in the period specified in such certificates; 
 (iv) income or gain excluded from the calculation of Consolidated Net Income by operation of clause (d) or (e) of the definition
thereof that is realized in cash during such period; 
 (v) if deducted in the computation of Consolidated Adjusted EBITDA,
interest income; and 
 (vi) to the extent subtracted in determining Consolidated Adjusted EBITDA, all items that did not
result from a cash payment by Company or any of its Subsidiaries on a consolidated basis during such period. 
 “Consolidated Interest Expense” means, for any period, total interest expense (including that portion attributable to Capital Leases in accordance with GAAP and capitalized interest) of Company and its Subsidiaries on a
consolidated basis with respect to all outstanding Indebtedness of Company and its Subsidiaries, including all commissions, discounts and other fees and charges owed with respect to letters of credit and net costs under Interest Rate Agreements. For
purposes of measuring Consolidated Interest Expense for the first three periods of measurement in Sections 6.8(a) and 6.8(b), total interest expense for the Fiscal Year 2006 shall be annualized. 
  

 - 8 - 

 “Consolidated Net Income” means, for any period, the net income (or
loss) of Company and its Subsidiaries on a consolidated basis for such period taken as a single accounting period determined in conformity with GAAP, provided that there shall be excluded (a) the income (or loss) of any Person (other
than a Subsidiary of Company) in which any other Person (other than Company or any of its Subsidiaries) has a joint interest, except to the extent of the amount of dividends or other distributions actually paid to Company or any of its Subsidiaries
by such Person during such period, (b) the income (or loss) of any Person accrued prior to the date it becomes a Subsidiary of Company or is merged into or consolidated with Company or any of its Subsidiaries or that Person’s assets are
acquired by Company or any of its Subsidiaries, (c) the income of any Subsidiary of Company to the extent that the declaration or payment of dividends or similar distributions by that Subsidiary of that income is not at the time permitted by
operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary, (d) any after-tax gains or losses attributable to asset sales or returned
surplus assets of any Pension Plan, and (e) (to the extent not included in clauses (a) through (d) above) any net extraordinary gains or net extraordinary losses. 
 “Consolidated Pro Forma EBITDA” means, for any consecutive four Fiscal Quarter period, the sum of (i) Consolidated
Adjusted EBITDA for such four Fiscal Quarter period plus (ii) for any business acquired during such four Fiscal Quarter period, (A) Consolidated Adjusted EBITDA of such acquired business determined as though such business or operations
were acquired as of the first day of such period by Company and its Subsidiaries and (B) all charges incurred in such period by such acquired business in respect of compensation expense, occupancy costs, rental expense or other verifiable cost
items that will not continue after the completion of integration of the acquired business into the business of Company and its Subsidiaries as certified by Company in an Officer’s Certificate delivered to the Administrative Agent and either
reflected on a basis consistent with Regulation S-X promulgated by the Securities and Exchange Commission or approved by Administrative Agent, less (iii) Consolidated Adjusted EBITDA of all business or operations divested during such four
Fiscal Quarter period as though such business were divested as of the first day of such period by Company and its Subsidiaries. 
 “Consolidated Total Debt” means, as at any date of the effect of determination, the aggregate stated balance sheet amount of all Indebtedness of Company and its Subsidiaries determined on a consolidated basis in accordance
with GAAP. 
 “Consultant” shall mean any person who currently is developing or has developed or contributed
to the development of any Intellectual Property for or on behalf of Company or one of its Subsidiaries who at the time of such development or contribution was not an Employee. 
 “Contingent Obligation” shall mean, as to any person, any obligation, agreement, understanding or arrangement of such
person guaranteeing or intended to guarantee any Indebtedness, leases, dividends or other obligations (“primary obligations”) of any other person (the “primary obligor”) in any manner, whether directly or
indirectly, including any obligation of such person, whether or not contingent, (a) to purchase any such primary obligation or any property constituting direct or indirect security therefor; (b) to advance or supply funds (i) for the
purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the 

  

 - 9 - 

 
primary obligor; (c) 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; (d) with respect to bankers’ acceptances, letters of credit and similar credit arrangements, until a reimbursement obligation arises (which reimbursement obligation
shall constitute Indebtedness); or (e) otherwise to assure or hold harmless the holder of such primary obligation against loss in respect thereof; provided, however, that the term “Contingent Obligation” shall not include
endorsements of instruments for deposit or collection in the ordinary course of business or any product warranties. The amount of any Contingent Obligation shall be deemed to be an amount equal to the stated or determinable amount of the primary
obligation in respect of which such Contingent Obligation is made (or, if less, the maximum amount of such primary obligation for which such person may be liable, whether singly or jointly, pursuant to the terms of the instrument evidencing such
Contingent Obligation) or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such person is required to perform thereunder) as determined by such person in good faith. 
 “Contractual Obligation” means, as applied to any Person, any provision of any Security issued by that Person or of any
indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject. 
 “Contributing Guarantors” as defined in Section 7.2. 
 “Controlled Investment Affiliate” means, as to any person, any other person which directly or indirectly is in control
of, is controlled by, or is under common control with, such person and is organized by such person (or any person controlling such person) primarily for making equity or debt investments in Company or other portfolio companies. 
 “Counterpart Agreement” means a Counterpart Agreement substantially in the form of Exhibit E delivered by a Credit
Party pursuant to Section 5.9. 
 “Credit Document” means any of this Agreement, the Notes, if any,
Intercreditor Agreement, the Collateral Documents, and all other documents, instruments or agreements executed and delivered by a Credit Party for the benefit of any Agent or any Lender in connection herewith. 
 “Credit Party” means each Person (other than any Agent or any Lender or any other representative thereof) from time to
time party to a Credit Document. 
 “Currency Agreement” means any foreign exchange contract, currency swap
agreement, futures contract, option contract, synthetic cap or other similar agreement or arrangement, each of which is for the purpose of hedging the foreign currency risk associated with Company’ and its Subsidiaries’ operations and not
for speculative purposes. 
 “Debt Service” shall mean, for any period, Consolidated Cash Interest Expense
for such period plus scheduled principal amortization of all Indebtedness for such period. 
  

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 “Default” means a condition or event that, after notice or lapse of time
or both, would constitute an Event of Default. 
 “Deposit Account” means a demand, time, savings, passbook
or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit. 
 “Disqualified Capital Stock” shall mean any Capital Stock which, by its terms (or by the terms of any security into which
it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a sinking fund
obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, on or prior to the first anniversary of the Maturity Date, (b) is convertible into or exchangeable (unless at the sole option of the issuer
thereof) for (i) debt securities or (ii) any Capital Stock referred to in (a) above, in each case at any time on or prior to the first anniversary of the Maturity Date, or (c) contains any repurchase obligation which may come
into effect prior to payment in full of all Obligations under this Agreement. 
 “Dollars” and the sign
“$” mean the lawful money of the United States of America. 
 “Eligible Assignee” means
(i) any Lender, any Affiliate of any Lender and any Related Fund of any Lender; (ii) any investment or mutual fund or other entity that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which
extends credit or buys loans as one of its businesses; and (iii) (a) a commercial bank organized under the laws of the United States or any state thereof; (b) a savings and loan association or savings bank organized under the laws of
the United States or any state thereof; and (c) a commercial bank organized under the laws of any other country or a political subdivision thereof; provided that (1) such bank is acting through a branch or agency located in the
United States or (2) such bank is organized under the laws of a country that is a member of the Organization for Economic Cooperation and Development or a political subdivision of such country; provided that neither Company nor any
Affiliate of Company shall be an Eligible Assignee. 
 “Employee Benefit Plan” means any “employee
benefit plan” as defined in Section 3(3) of ERISA which is or was sponsored, maintained or contributed to by, or required to be contributed by, Company, any of its Subsidiaries or any of their respective ERISA Affiliates. 
 “Employee” shall mean any current, former or retired employee, officer or director of Company or one of its Subsidiaries.

 “Environmental Claim” means any investigation, notice, notice of violation, claim, action, suit,
proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any actual or alleged violation of any Environmental
Law; (ii) in connection with any Hazardous Material or any actual or alleged Hazardous Materials Activity; or (iii) in connection with any actual or alleged damage, injury, threat or harm to health, safety, natural resources or the
environment. 
  

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 “Environmental Laws” means any and all current or future foreign or
domestic, federal or state (or any subdivision of either of them), statutes, ordinances, orders, rules, regulations, judgments, Governmental Authorizations, or any other requirements of Governmental Authorities relating to (i) environmental
matters, including those relating to any Hazardous Materials Activity; (ii) the generation, use, storage, transportation or disposal of Hazardous Materials; or (iii) occupational safety and health, industrial hygiene, land use or the
protection of human, plant or animal health or welfare, in any manner applicable to Company or any of its Subsidiaries or any Facility. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor thereto. 
 “ERISA Affiliate” means, as applied to any Person, (i) any corporation which is a member of a controlled group of
corporations within the meaning of Section 414(b) of the Internal Revenue Code of which that Person is a member; (ii) any trade or business (whether or not incorporated) which is a member of a group of trades or businesses under common
control within the meaning of Section 414(c) of the Internal Revenue Code of which that Person is a member; and (iii) any member of an affiliated service group within the meaning of Section 414(m) or (o) of the Internal Revenue
Code of which that Person, any corporation described in clause (i) above or any trade or business described in clause (ii) above is a member. Any former ERISA Affiliate of Company or any of its Subsidiaries shall continue to be considered
an ERISA Affiliate of Company or any such Subsidiary within the meaning of this definition with respect to the period such entity was an ERISA Affiliate of Company or such Subsidiary and with respect to liabilities arising after such period for
which Company or such Subsidiary could be liable under the Internal Revenue Code or ERISA. 
 “ERISA Event”
means (i) a “reportable event” within the meaning of Section 4043 of ERISA and the regulations issued thereunder with respect to any Pension Plan (excluding those for which the provision for 30-day notice to the PBGC has been
waived by regulation); (ii) the failure to meet the minimum funding standard of Section 412 of the Internal Revenue Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(d) of the Internal Revenue
Code) or the failure to make by its due date a required installment under Section 412(m) of the Internal Revenue Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (iii) the
provision by the administrator of any Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress termination described in Section 4041(c) of ERISA; (iv) the withdrawal by Company,
any of its Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan resulting in liability to Company, any of its Subsidiaries or any of their
respective Affiliates pursuant to Section 4063 or 4064 of ERISA; (v) the institution by the PBGC of proceedings to terminate any Pension Plan, or the occurrence of any event or condition which might constitute grounds under ERISA for the
termination of, or the appointment of a trustee to administer, any Pension Plan; (vi) the imposition of liability on Company, any of its Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA
or by reason of the application of Section 4212(c) of ERISA; (vii) the withdrawal of Company, any of its Subsidiaries or any of their respective ERISA Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203 and
4205 of ERISA) from any Multiemployer Plan if there 

  

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is any potential liability therefore, or the receipt by Company, any of its Subsidiaries or any of their respective ERISA Affiliates of notice from any
Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (viii) the occurrence of an act or
omission which could give rise to the imposition on Company, any of its Subsidiaries or any of their respective ERISA Affiliates of fines, penalties, taxes or related charges under Chapter 43 of the Internal Revenue Code or under Section 409,
Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of any Employee Benefit Plan; (ix) the assertion of a material claim (other than routine claims for benefits) against any Employee Benefit Plan other than a
Multiemployer Plan or the assets thereof, or against Company, any of its Subsidiaries or any of their respective ERISA Affiliates in connection with any Employee Benefit Plan; (x) receipt from the Internal Revenue Service of notice of the
failure of any Pension Plan (or any other Employee Benefit Plan intended to be qualified under Section 401(a) of the Internal Revenue Code) to qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust forming
part of any Pension Plan to qualify for exemption from taxation under Section 501(a) of the Internal Revenue Code; or (xi) the imposition of a Lien pursuant to Section 401(a)(29) or 412(n) of the Internal Revenue Code or pursuant to
ERISA with respect to any Pension Plan. 
 “Event of Default” means each of the conditions or events set
forth in Section 8.1. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time
to time, and any successor statute. 
 “Excluded Issuance” shall mean an issuance and sale of Qualified
Capital Stock of Company, to the extent such Qualified Capital Stock is used, or the Net Securities Proceeds thereof shall be, within 45 days of the consummation of such issuance and sale, used, without duplication, to finance Capital Expenditures
or Permitted Acquisitions. 
 “Existing Indebtedness” means the Indebtedness identified on Schedule A.

 “Facility” means any real property (including all buildings, fixtures or other improvements located
thereon) now, hereafter or heretofore owned, leased, operated or used by Company or any of its Subsidiaries or any of their respective predecessors or Affiliates. 
 “Fair Share Contribution Amount” as defined in Section 7.2. 
 “Fair Share” as defined in Section 7.2. 
 “Financial Officer Certification” means, with respect to the financial statements for which such certification is
required, the certification of the chief financial officer of Company that such financial statements fairly present, in all material respects, the financial condition of Company and its Subsidiaries as at the dates indicated and the results of their
operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments. 
 “Financial Plan” as defined in Section 5.1(i). 
  

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 “First Priority” means, with respect to any Lien purported to be created
in any Collateral pursuant to any Collateral Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien. 
 “Fiscal Quarter” means a fiscal quarter of any Fiscal Year. 
 “Fiscal Year” means the fiscal year of Company and its
Subsidiaries ending on December 31st of each calendar year. 
 “Funding Guarantor” as defined in Section 7.2. 
 “Funding Notice” means a notice substantially in the form of Exhibit G. 
 “GAAP” means, subject to the limitations on the application thereof set forth in Section 1.2, United States
generally accepted accounting principles in effect as of the date of determination thereof. 
 “Governmental
Acts” means any act or omission, whether rightful or wrongful, of any present or future de jure or de facto government or Governmental Authority. 
 “Governmental Authority” means any federal, state, municipal, national or other government, governmental department, commission, board, bureau, court, agency or instrumentality or political
subdivision thereof or any entity or officer exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government or any court, in each case whether associated with a state of the United States, the
United States, or a foreign entity or government. 
 “Governmental Authorization” means any permit, license,
authorization, plan, directive, consent order or consent decree of or from any Governmental Authority. 
 “Grantor” as defined in the Pledge and Security Agreement. 
 “Guaranteed
Obligations” as defined in Section 7.1. 
 “Guarantor” means (a) from and after the
Initial Contribution, Holdings and (b) each Subsidiary of Company that executes and delivers a counterpart of this Agreement on the Closing Date or from time to time thereafter pursuant to Section 5.9. 
 “Guarantor Subsidiary” means each Guarantor that is a Subsidiary of Company. 
 “Guaranty” means the guaranty of each Guarantor set forth in Section 7. 
 “Hazardous Materials” means any chemical, material or substance, exposure to which is prohibited, limited or regulated by
any Governmental Authority or which may or could pose a hazard to the health and safety of the owners, occupants or any Persons in the vicinity of any Facility or to the indoor or outdoor environment. 
  

 - 14 - 

 “Hazardous Materials Activity” means any past, current, proposed or
threatened activity, event or occurrence involving any Hazardous Materials, including the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement, generation, transportation,
processing, construction, treatment, abatement, removal, remediation, disposal, disposition or handling of any Hazardous Materials, and any corrective action or response action with respect to any of the foregoing. 
 “Hedging Agreement” means any swap, cap, collar, forward purchase or similar agreements or arrangements dealing with
interest rates, currency exchange rates or commodity prices, either generally or under specific contingencies. 
 “Hedging Obligations” means obligations under or with respect to Hedging Agreements. 
 “Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time or from time to time may be contracted for, charged, or received under the laws applicable to any Lender which are presently in effect
or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable laws now allow. 
 “Historical Financial Statements” means as of the Closing Date, (i) the audited financial statements of Holdings and
its Subsidiaries, for Fiscal Year 2004, consisting of a balance sheet and the related consolidated statement of income, stockholders’ equity and cash flow for such Fiscal Year, and the unaudited financial statements of Holdings and its
Subsidiaries for Fiscal Years 2002 and 2003, consisting of balance sheets, and the related consolidated statements of income and stockholders’ equity for such Fiscal Years, and (ii) the unaudited financial statements of Holdings and its
Subsidiaries as at the most recently ended Fiscal Quarter, consisting of a balance sheet and the related consolidated statements of income, stockholders’ equity and cash flows for the three-, six-or nine-month period, as applicable, ending on
such date, and, in the case of clauses (i) and (ii), certified by the chief executive officer of Holdings that they fairly present, in all material respects, the financial condition of Holdings and its Subsidiaries as at the dates indicated and
the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments. 
 “Holdings” as defined in the preamble hereto. 
 “Increased Cost
Lender” as defined in Section 2.17. 
 “Indebtedness”, as applied to any Person, means, without
duplication, (i) all indebtedness for borrowed money; (ii) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with GAAP; (iii) notes payable and
drafts accepted representing extensions of credit whether or not representing obligations for borrowed money; (iv) any obligation owed for all or any part of the deferred purchase price of property or services (excluding any such obligations
incurred under ERISA), which purchase price is (a) due more than six months from the date of incurrence of the obligation in respect thereof or (b) evidenced by a note or similar written instrument; (v) all 

  

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indebtedness secured by any Lien on any property or asset owned or held by that Person regardless of whether the indebtedness secured thereby shall have been
assumed by that Person or is nonrecourse to the credit of that Person; (vi) the face amount of any letter of credit issued for the account of that Person or as to which that Person is otherwise liable for reimbursement of drawings;
(vii) the direct or indirect guaranty, endorsement (otherwise than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of the obligation of another;
(viii) any obligation of such Person the primary purpose or intent of which is to provide assurance to an obligee that the obligation of the obligor thereof will be paid or discharged, or any agreement relating thereto will be complied with, or
the holders thereof will be protected (in whole or in part) against loss in respect thereof; (ix) any liability of such Person for an obligation of another through any agreement (contingent or otherwise) (a) to purchase, repurchase or
otherwise acquire such obligation or any security therefor, or to provide funds for the payment or discharge of such obligation (whether in the form of loans, advances, stock purchases, capital contributions or otherwise) or (b) to maintain the
solvency or any balance sheet item, level of income or financial condition of another if, in the case of any agreement described under subclauses (a) or (b) of this clause (ix), the primary purpose or intent thereof is as described in
clause (viii) above; and (x) all obligations of such Person in respect of any exchange traded or over the counter derivative transaction, including, without limitation, any Interest Rate Agreement and Currency Agreement, whether entered
into for hedging or speculative purposes; provided, in no event shall obligations under any Interest Rate Agreement and any Currency Agreement be deemed “Indebtedness” for any purpose under Section 6.8. 
 “Indemnified Liabilities” means, collectively, any and all liabilities, obligations, losses, damages (including natural
resource damages), penalties, claims (including Environmental Claims), costs (including the costs of any investigation, study, sampling, testing, abatement, cleanup, removal, remediation or other response action necessary to remove, remediate, clean
up or abate any Hazardous Materials Activity), expenses and disbursements of any kind or nature whatsoever (including the reasonable fees and disbursements of counsel for Indemnitees in connection with any investigative, administrative or judicial
proceeding commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party thereto, and any fees or expenses incurred by Indemnitees in enforcing this indemnity), whether direct, indirect
or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or equitable cause or on
contract or otherwise, that may be imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or arising out of (i) this Agreement or the other Credit Documents or the transactions contemplated hereby or thereby
(including the Lenders’ agreement to make Loans or the use or intended use of the proceeds thereof, or any enforcement of any of the Credit Documents (including any sale of, collection from, or other realization upon any of the Collateral or
the enforcement of the Guaranty)); (ii) the statements contained in the commitment letter delivered by any Lender to Company or Permitted Holders with respect to the transactions contemplated by this Agreement; or (iii) any Environmental
Claim or any Hazardous Materials Activity relating to or arising from, directly or indirectly, any past or present activity, operation, land ownership, or practice of Company or any of its Subsidiaries. 
 “Indemnitee” as defined in Section 10.3. 
  

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 “Initial Contribution” as defined in Section 2.3. 
 “Intellectual Property” shall mean any and all of the following: (i) all United States, international and foreign
patents and applications therefor and all reissues, divisions, divisionals, renewals, extensions, provisionals, continuations and continuations-in-part thereof, and all patents, applications, documents and filings claiming priority to or serving as
a basis for priority thereof; (ii) all inventions (whether or not patentable), invention disclosures, improvements, trade secrets, proprietary information, know how, computer software programs (in both source code and object code form),
technology, technical data and customer lists, proprietary information, and all documentation relating to any of the foregoing; (iii) all copyrights, copyrights registrations and applications therefor, and all other rights corresponding thereto
throughout the world; (iv) all industrial designs and any registrations and applications therefor throughout the world; (v) all trade names, logos, common law trademarks and service marks, trademark and service mark registrations and
applications therefor throughout the world; (vi) all proprietary databases and data collections and all rights therein throughout the world; (vii) all moral and economic rights of authors and inventors, however denominated, throughout the
world; (viii) all registered domain names and numbers; (ix) goodwill and remedies against infringement thereof and rights of protection of an interest therein under the laws of all jurisdictions; or (x) any similar or equivalent
rights to any of the foregoing or other intellectual property rights anywhere in the world. 
 “Intercompany
Note” shall mean a promissory note substantially in the form of Exhibit H. 
 “Intercreditor
Agreement” means that certain Intercreditor Agreement, dated as of December 13, 2005, by and among SolarWinds.Net, LLC, SolarWinds.Net, Inc., The Bank of New York, in its capacity as collateral agent for the First Lien Obligations (as
defined therein), and The Bank of New York, in its capacity as collateral agent for the Second Lien Obligations (as defined therein). 
 “Interest Coverage Ratio” means the ratio as of the last day of any Fiscal Quarter of (i) Consolidated Pro Forma EBITDA for the four-Fiscal Quarter period then ended to (ii) Consolidated
Cash Interest Expense for such four-Fiscal Quarter period. 
 “Interest Payment Date” means each
March 31, June 30, September 30, and December 31 of each year, commencing on March 31, 2006 through the final maturity date of such Loan. For the avoidance of doubt, the first interest payment to be made on the
Loans shall be for the period from and including the Closing date to March 31, 2006. 
 “Interest Rate
Agreement” means 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 for the purpose of hedging the
interest rate exposure associated with Company and its Subsidiaries’ operations and not for speculative purposes. 
 “Interest Rate Determination Date” means, with respect to each Fiscal Quarter, the date that is two Business Days prior to the first day of such Fiscal Quarter; provided that with respect to interest payable from the
Closing Date to December 31, 2005, the Interest Rate Determination Date shall be the Business Day prior to the Closing Date. 
  

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 “Internal Revenue Code” means the Internal Revenue Code of 1986, as
amended to the date hereof and from time to time hereafter, and any successor statute. 
 “Investment” means
(i) any direct or indirect purchase or other acquisition by Company or any of its Subsidiaries of, or of a beneficial interest in, any of the Securities of any other Person (other than a Guarantor Subsidiary); (ii) any direct or indirect
redemption, retirement, purchase or other acquisition for value, by any Subsidiary of Company from any Person (other than Company or any Guarantor Subsidiary), of any Capital Stock of such Person; and (iii) any direct or indirect loan, advance
(other than advances to employees for moving, entertainment and travel expenses, drawing accounts and similar expenditures in the ordinary course of business) or capital contributions by Company or any of its Subsidiaries to any other Person (other
than Company or any Guarantor Subsidiary), including all indebtedness and accounts receivable from that other Person that are not current assets or did not arise from sales to that other Person in the ordinary course of business. The amount of any
Investment shall be the original cost of such Investment plus the cost of all additions thereto, without any adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect to such Investment. 
 “IPO” shall mean the first underwritten public offering by Company of its Equity Interests after the Closing Date
pursuant to a registration statement filed with the Securities and Exchange Commission in accordance with the Securities Act. 
 “Joint Venture” means a joint venture, partnership or other similar arrangement, whether in corporate, partnership or other legal form; provided, in no event shall any corporate Subsidiary of any Person be considered
to be a Joint Venture to which such Person is a party. 
 “Landlord Consent and Estoppel” means, with respect
to any Leasehold Property, a letter, certificate or other instrument in writing from the lessor under the related lease, pursuant to which, among other things, the landlord consents to the granting of a Mortgage on such Leasehold Property by the
Credit Party tenant, such Landlord Consent and Estoppel to be in form and substance acceptable to Collateral Agent in its reasonable discretion, but in any event sufficient for Collateral Agent to obtain a Title Policy with respect to such Mortgage.

 “Lead Arranger” as defined in the preamble hereto. 
 “Leasehold Property” means any leasehold interest of any Credit Party as lessee under any lease of real property, other
than any such leasehold interest designated from time to time by the Requisite Lenders in their sole discretion as not being required to be included in the Collateral. 
 “Lender” means each financial institution listed on the signature pages hereto as a Lender, and any other Person that
becomes a party hereto pursuant to an Assignment Agreement. 
  

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 “Leverage Ratio” means the ratio as of the last day of any Fiscal
Quarter of (i) Consolidated Total Debt as of such day to (ii) Consolidated Pro Forma EBITDA for the four-Fiscal Quarter period ending on such date. 
 “LIBOR Rate” means the three month London interbank offered rate as reset for a Fiscal Quarter on each Interest Rate
Determination Date. 
 “Lien” shall mean, with respect to any property, (a) any mortgage,
deed of trust, lien, pledge, encumbrance, claim, charge, assignment, hypothecation, security interest or encumbrance of any kind or any filing of any financing statement under the UCC or any other similar notice of Lien under any similar notice or
recording statute of any Governmental Authority, including any easement, right-of-way or other encumbrance on title to Real Property, in each of the foregoing cases whether voluntary or imposed by law, and any agreement to give any of the foregoing;
(b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such property;
and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 
 “Loan” means a First Lien Term Loan made by a Lender to Company pursuant to Section 2.1(a). 
 “Loan Exposure” means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Loans of such Lender; provided, at any time prior to the making of the Loans, the Loan
Exposure of any Lender shall be equal to such Lender’s Commitment. 
 “Management
Agreement” means that certain (a) letter agreement between Insight Business Development, Holdings and Company, dated December 13, 2005, as in effect on the date of this Agreement, and (b) letter agreement between Bain
Capital Venture Partners, SolarWinds Management LLC, and Yonce Management LLC, dated December 13, 2005, as in effect on the date of this Agreement. 
 “Margin Stock” as defined in Regulation U of the Board of Governors as in effect from time to time. 
 “Material Adverse Effect” shall mean (a) a material adverse effect on the business, property, results of operations, or condition, financial or otherwise of Company and its
Subsidiaries, taken as a whole; (b) material impairment of the ability of the Credit Parties to fully and timely perform any of their obligations under any Credit Document; (c) material impairment of the rights of or benefits or remedies
available to the Lenders or the Collateral Agent under any Credit Document; or (d) a material adverse effect on the Collateral or the Liens in favor of the Collateral Agent (for its benefit and for the benefit of the other Secured Parties) on
the Collateral or the priority of such Liens. 
 “Material Contract” means any contract or other arrangement
to which Company or any of its Subsidiaries is a party (other than the Credit Documents) for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect. 
  

 - 19 - 

 “Material Real Estate Asset” means (i) (a) any fee-owned Real
Estate Asset having a fair market value in excess of $500,000 as of the date of the acquisition thereof and (b) all Leasehold Properties other than those with respect to which the aggregate payments under the term of the lease are less than
$100,000 per annum or (ii) any Real Estate Asset that the Requisite Lenders have reasonably determined is material to the business, operations, properties, assets or condition (financial or otherwise) of Company or any Subsidiary thereof.

 “Maturity Date” means the earlier of (i) the sixth anniversary of the Closing Date, and (ii) the
date that all Loans shall become due and payable in full hereunder, whether by acceleration or otherwise. 
 “Moody’s” means Moody’s Investor Services, Inc. 
 “Mortgage” means a
Mortgage substantially in the form of Exhibit J, as it may be amended, supplemented or otherwise modified from time to time. 
 “Multiemployer Plan” means any Employee Benefit Plan which is a “multiemployer plan” as defined in Section 3(37) of ERISA. 
 “NAIC” means The National Association of Insurance Commissioners, and any successor thereto. 
 “Narrative Report” means, with respect to the financial statements for which such narrative report is required, a
narrative report describing the operations of Company and its Subsidiaries in the form prepared for presentation to senior management thereof for the applicable Fiscal Quarter or Fiscal Year and for the period from the beginning of the then current
Fiscal Year to the end of such period to which such financial statements relate. 
 “Net Asset Sale Proceeds”
means, with respect to any Asset Sale, an amount equal to: (i) Cash payments (including any Cash received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) received
by Company or any of its Subsidiaries from such Asset Sale, minus (ii) any bona fide direct costs incurred in connection with such Asset Sale, including (a) reasonable and customary broker’s fees, commissions or legal fees,
(b) income or gains taxes payable by the seller as a result of any gain recognized in connection with such Asset Sale and transfer and similar taxes incurred by Company or any of its Subsidiaries in connection therewith, (c) payment of the
outstanding principal amount of, premium or penalty, if any, interest and other amounts on any Indebtedness (other than the Loans) that is secured by a Lien on the stock or assets in question and that is required to be repaid under the terms thereof
as a result of such Asset Sale; (d) a reasonable reserve for any indemnification payments (fixed or contingent) attributable to seller’s indemnities and representations and warranties to purchaser or purchase price adjustments in respect
of such Asset Sale undertaken by Company or any of its Subsidiaries in connection with such Asset Sale; and (d) Company’s good faith estimate of payments required to be made with respect to unassumed liabilities relating to the properties
sold within 90 days of such Asset Sale (provided that, to the extent such cash proceeds are not used to make payments in respect of such unassumed liabilities within 90 days of such Asset Sale, such cash proceeds shall constitute
Net Asset Sale Proceeds). 
  

 - 20 - 

 “Net Insurance/Condemnation Proceeds” means an amount
equal to: (i) any Cash payments or proceeds received by Company or any of its Subsidiaries (a) under any casualty insurance policy in respect of a covered loss thereunder or (b) as a result of the taking of any assets of Company or
any of its Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking, minus (ii) (a) any actual and
reasonable costs incurred by Company or any of its Subsidiaries in connection with the adjustment or settlement of any claims of Company or such Subsidiary in respect thereof, and (b) any bona fide direct costs incurred in connection with any
sale of such assets as referred to in clause (i)(b) of this definition, including income taxes payable as a result of any gain recognized in connection therewith; provided that “Net Insurance/Condemnation Proceeds” shall not include
proceeds received in respect of any such loss or event to the extent the amount of such proceeds is equal to or less than $500,000. 
 “Net Securities Proceeds” means the cash proceeds (net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses) of a capital
contribution to Company or from the issuance of Capital Stock by Company of any of its Subsidiaries (excluding any proceeds from the issuance of Capital Stock of Company that are used to finance a Permitted Acquisition) to any Person. 
 “Net Working Capital” means, at any time, Consolidated Current Assets at such time minus Consolidated
Current Liabilities at such time. 
 “Nonpublic Information” means information which has not been
disseminated in a manner making it available to investors generally, within the meaning of Regulation FD. 
 “Non-Consenting Lender” as defined in Section 2.17. 
 “Non-Excluded Taxes” as
defined in Section 2.15(a). 
 “Non-Guarantor Subsidiary” means each Subsidiary that is
not a Subsidiary Guarantor. 
 “Non-US Lender” as defined in Section 2.15(d). 
 “Note” means a promissory note in the form of Exhibit F, as it may be amended, supplemented or otherwise modified from
time to time. 
 “Notice” means a Funding Notice. 
 “Obligations” means all obligations of every nature of each Credit Party under the Credit Documents from time to time
owed to the Agents (including former Agents), the Lenders or any of them, under any Credit Document, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to such Credit Party, 

  

 - 21 - 

 
would have accrued on any Obligation, whether or not a claim is allowed against such Credit Party for such interest in the related bankruptcy proceeding),
premium, fees, expenses, indemnification or otherwise. 
 “Obligee Guarantor” as defined in Section 7.7.

 “Officer” means the president, chief executive officer, a vice president, chief financial officer,
treasurer or other individual appointed to serve in a similar capacity as the foregoing. 
 “Organizational
Documents” means (i) with respect to any corporation, its certificate or articles of incorporation or organization, as amended, and its by-laws, as amended, (ii) with respect to any limited partnership, its certificate of limited
partnership, as amended, and its partnership agreement, as amended, (iii) with respect to any general partnership, its partnership agreement, as amended, and (iv) with respect to any limited liability company, its articles of organization,
as amended, and its operating agreement, as amended. In the event any term or condition of this Agreement or any other Credit Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the
reference to any such “Organizational Document” shall only be to a document of a type customarily certified by such governmental official. 
 “Other Intellectual Property” shall mean any Intellectual Property, other than Company Owned Intellectual Property, that is used in the business of Company or any of its Subsidiaries with respect to
Company’s or one of its Subsidiary’s products and services currently used, sold, licensed or otherwise commercially exploited or under development. 
 “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 
 “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to Section 412 of
the Internal Revenue Code or Section 302 of ERISA. 
 “Permitted Acquisition” means acquisition of 100%
of the Capital Stock of a Person or all or substantially all of the assets of another Person, provided (i) such Person becomes a direct wholly-owned Subsidiary of Company or any Guarantor that is a direct wholly-owned subsidiary of the
Company; (ii) Company certifies that to the Administrative Agent that on a Pro Forma basis for such acquisition (including any financing incurred in connection with such acquisition) Company is in compliance with its financial covenants
contained herein, (iii) the consideration paid in connection with such acquisition (excluding consideration funded from the reinvestment of Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds or from equity contributions to Company)
does not exceed $10,000,000, and (iv) the cash consideration for such acquisition is financed only with any combination of (x) cash of Company and its Subsidiaries, (y) the cash proceeds of an issuance by Company of its ordinary
Capital Stock and (z) the cash proceeds of any debt permitted to be incurred under Section 6.1. 
 “Permitted Liens” means each of the Liens permitted pursuant to Section 6.2. 
  

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 “Permitted Holders” means (a) Insight Venture Partners and its
Controlled Investment Affiliates, (b) Bain Capital Ventures and its Controlled Investment Affiliates; (c) Donald Yonce, his controlled Affiliates and any trust established for his benefit or the benefit of any of his family members and
(d) Dave Yonce, his controlled Affiliates and any trust established for his benefit or the benefit of any of his family members. 
 “Permitted Refinancing Indebtedness” means any Indebtedness of Company or any Guarantor issued in exchange for, or the net proceeds of which are used to renew, refund, refinance, replace, defease or
discharge other Indebtedness of Company or such Guarantor (other than intercompany Indebtedness); provided that: 
 (i)
the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness renewed, refunded, refinanced, replaced, defeased or
discharged (plus all accrued interest on the Indebtedness and the amount of all fees and expenses, including premiums, incurred in connection therewith); 
 (ii) such Permitted Refinancing Indebtedness has a final maturity date later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity
of, the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged; 
 (iii) if the Indebtedness being
renewed, refunded, refinanced, replaced, defeased or discharged is subordinated in right of payment to the Loans, such Permitted Refinancing Indebtedness has a final maturity date later than the final maturity date of, and is subordinated in right
of payment to, the Loans on terms at least as favorable to the holders of Loans as those contained in the documentation governing the Indebtedness being renewed, refunded, refinanced, replaced, defeased or discharged; and 
 (iv) such Indebtedness is incurred either by Company or by such Guarantor who is the obligor on the Indebtedness being renewed, refunded,
refinanced, replaced, defeased or discharged. 
 “Person” means and includes natural persons, corporations,
limited partnerships, general partnerships, limited liability companies, limited liability partnerships, joint stock companies, Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other
organizations, whether or not legal entities, and Governmental Authorities. 
 “Pledge and Security
Agreement” means the Pledge and Security Agreement to be executed by Company and each Guarantor substantially in the form of Exhibit K, as it may be amended, supplemented or otherwise modified from time to time. 
 “Principal Office” means, for the Administrative Agent, its “Principal Office” as set forth on Appendix B, or
such other office or office of a third party or sub-agent, as appropriate, as such Person may from time to time designate in writing to Company, Administrative Agent and each Lender. 
  

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 “Projections” as defined in Section 4.8. 
 “Pro Forma Basis” shall mean on a basis in accordance with Regulation S-X and otherwise reasonably satisfactory to the
Requisite Lenders. 
 “Pro Rata Share” means the percentage obtained by dividing (a) the Loan Exposure
of that Lender by (b) the aggregate Loan Exposure of all Lenders. 
 “Publicly Available
Software” shall mean each of (i) any software that contains, or is derived in any manner (in whole or in part) from, any software that is distributed as free software, open source software (e.g. Linux), or pursuant to similar
licensing and distribution models; and (ii) any soft-ware that requires as a condition of use, modification, and/or distribution of such software that such soft-ware or other software incorporated into, derived from, or distributed with such
software be disclosed or distributed in source code form. Publicly Available Software includes, without limitation, soft-ware licensed or distributed pursuant to any of the following licenses or distribution models similar to any of the following:
(a) GNU General Public License (GPL) or Lesser/Library GPL (LGPL), (b) the Artistic License (e.g. PERL), (c) the Mozilla Public License, (d) the Netscape Public License, (e) the Sun Community Source License (SCSL), the Sun
Industry Source License (SISL), and (f) the Apache Software License. 
 “Purchase Money
Obligation” means, for any person, the obligations of such person in respect of Indebtedness (including Capital Lease Obligations) incurred for the purpose of financing all or any part of the purchase price of any property (including
Equity Interests of any person) or the cost of installation, construction or improvement of any property and any refinancing thereof; provided, however, that (i) such Indebtedness is incurred within 90 days after such acquisition of
such property by such person and (ii) the amount of such Indebtedness does not exceed 100% of the cost of such acquisition, installation, construction or improvement, as the case may be. 
 “Qualified Capital Stock” of any person shall mean any Capital Stock of such person that are not Disqualified Capital
Stock. 
 “Real Estate Asset” means, at any time of determination, any interest (fee, leasehold
or otherwise) then owned by any Credit Party in any real property. 
 “Record Document” means, with respect
to any Leasehold Property, (i) the lease evidencing such Leasehold Property or a memorandum thereof, executed and acknowledged by the owner of the affected real property, as lessor, or (ii) if such Leasehold Property was acquired or
subleased from the holder of a Recorded Leasehold Interest, the applicable assignment or sublease document, executed and acknowledged by such holder, in each case in form sufficient to give such constructive notice upon recordation and otherwise in
form reasonably satisfactory to the Requisite Lenders. 
 “Recorded Leasehold Interest” means a Leasehold
Property with respect to which a Record Document has been recorded in all places necessary or desirable, in the reasonable judgment of Requisite Lenders, to give constructive notice of such Leasehold Property to third-party purchasers and
encumbrancers of the affected real property. 
  

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 “Register” as defined in Section 2.4(b). 
 “Registered Intellectual Property” shall mean all United States, international and foreign: (i) patents and patent
applications (including provisional applications and design patents and applications) and all reissues, divisions, divisionals, renewals, extensions, counterparts, continuations and continuations-in-part thereof, and all patents, applications,
documents and filings claiming priority thereto or serving as a basis for priority thereof; (ii) registered trademarks, registered service marks, applications to register trademarks, applications to register service marks, intent-to-use
applications, or other registrations or applications related to trademarks; (iii) registered copyrights and applications for copyright registration; (iv) domain name registrations and Internet number assignments; and (v) any other
Intellectual Property that is the subject of an application, certificate, filing or registration issued, filed with, or recorded by any state, government or other public legal authority. 
 “Regulation D” means Regulation D of the Board of Governors, as in effect from time to time. 
 “Regulation FD” means Regulation FD as promulgated by the US Securities and Exchange Commission under the Securities Act
and Exchange Act as in effect from time to time. 
 “Related Agreements” means, collectively, the Second Lien
Credit Agreement and the Acquisition Agreement. 
 “Related Fund” means, with respect to any Lender that is
an investment fund, any other investment fund that invests in commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 
 “Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal,
discharge, dispersal, dumping, leaching or migration of any Hazardous Material into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing any Hazardous Material),
including the movement of any Hazardous Material through the air, soil, surface water or groundwater. 
 “Replacement
Lender” as defined in Section 2.17. 
 “Required Prepayment Date” as defined in
Section 2.11(c). 
 “Requisite Lenders” means, at any time of determination, Lenders holding more than
50% of the aggregate Loan Exposure of all Lenders. 
 “Restricted Junior Payment” means (i) any dividend
or other distribution, direct or indirect, on account of any shares of any class of stock of Company now or hereafter outstanding, except a dividend payable solely in shares of that class of stock to the holders of that class; (ii) any
redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of stock of Company now or hereafter outstanding; and (iii) any payment made to retire, or to
obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of stock of Company now or hereafter outstanding. 
  

 - 25 - 

 “S&P” means Standard & Poor’s Ratings Group, a
division of The McGraw Hill Corporation. 
 “Second Lien Indebtedness” means up to $25,000,000 in aggregate
principal amount of Indebtedness incurred pursuant to the Second Lien Credit Agreement, as it may be amended, supplemented, replaced, refinanced or otherwise modified from time to time. 
 “Secured Parties” has the meaning assigned to that term in the Pledge and Security Agreement. 
 “Securities” means any stock, shares, partnership interests, voting trust certificates, certificates of interest or
participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known
as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute. 

“Settlement Confirmation” as defined in Section 10.6(b). 
 “Settlement Service” as defined in Section 10.6(d). 
 “Significant Subsidiary” means any Subsidiary that would be a “significant subsidiary” as defined
in Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such Regulation is in effect on the date of this Agreement. 
 “Solvency Certificate” means a Solvency Certificate of the chief financial officer of Company substantially in the form of Exhibit L. 
 “Solvent” with respect to any Credit Party, means that as of the date of determination both (i)(a) the then fair
saleable value of the property of such Credit Party is (1) greater than the total amount of liabilities (including contingent liabilities) of such Credit Party and (2) not less than the amount that will be required to pay the probable
liabilities on such Credit Party’s then existing debts as they become absolute and due considering all financing alternatives, ordinary operating income and potential asset sales reasonably available to such Credit Party; (b) such Credit
Party’s capital is not unreasonably small in relation to its business or any contemplated or undertaken transaction; and (c) such Credit Party does not intend to incur, or believe (nor should it reasonably believe) that it will incur,
debts beyond its ability to pay such debts as they become due; and (ii) such Credit Party is “solvent” within the meaning given that term and similar terms under applicable laws relating to fraudulent transfers and conveyances. For
purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to
become an actual or matured liability. 
  

 - 26 - 

 “Subsidiary” means, with respect to any Person, any corporation,
partnership, limited liability company, association, joint venture or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any
contingency) to vote in the election of the Person or Persons (whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the
time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; provided, in determining the percentage of ownership interests of any Person controlled by
another Person, no ownership interest in the nature of a “qualifying share” of the former Person shall be deemed to be outstanding. 
 “Syndication Agent” as defined in the preamble hereto. 
 “Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction or withholding of any nature and whatever called, by whomsoever, on whomsoever and wherever imposed, levied, collected, withheld
or assessed; provided, “Tax on the overall net income” of a Person shall be construed as a reference to a tax imposed by the jurisdiction in which that Person is organized or in which that Person’s applicable principal office
(and/or, in the case of a Lender, its lending office) is located or in which that Person (and/or, in the case of a Lender, its lending office) is deemed to be doing business with respect to all or part of the net income, profits or gains (whether
worldwide, or only insofar as such income, profits or gains are considered to arise in or to relate to a particular jurisdiction, or otherwise) of that Person (and/or, in the case of a Lender, its applicable lending office). 
 “Tax Return” means all returns, statements, filings, attachments and other documents or certifications
required to be filed in respect of Taxes. 
 “Terminated Lender” as defined in Section 2.17. 

“Title Policy” means an insurance contract that indemnifies the lender against title claim challenges. 
 “Transaction Costs” means the fees, costs and expenses payable by Company or any of Company’s Subsidiaries on or
before the Closing Date in connection with the transactions contemplated by the Credit Documents and the Related Agreements. 
 “UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect in any applicable jurisdiction. 
 “Waivable Mandatory Prepayment” as defined in Section 2.11(c). 
  

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 “Weighted Average Life to Maturity” means, when applied to any
Indebtedness at any date, the number of years obtained by dividing: 
 (1) the sum of the products obtained by multiplying
(a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect of the Indebtedness, by (b) the number of years (calculated to the
nearest one-twelfth) that will elapse between such date and the making of such payment; by 
 (2) the then outstanding
principal amount of such Indebtedness. 
 “Wholly Owned Subsidiary” means, as to any person,
(a) any corporation 100% of whose capital stock (other than directors’ qualifying shares) is at the time owned by such person and/or one or more Wholly Owned Subsidiaries of such person and (b) any partnership, association, joint
venture, limited liability company or other entity in which such person and/or one or more Wholly Owned Subsidiaries of such person have a 100% equity interest at such time. 
 1.2 Accounting Terms. Except as otherwise expressly provided herein, all accounting terms not otherwise defined herein shall have the meanings
assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by Company to Lenders pursuant to Section 5.1(a), 5.1(b) and 5.1(c) shall be prepared in accordance with GAAP as in effect at the time
of such preparation (and delivered together with the reconciliation statements provided for in Section 5.1(e), if applicable). Subject to the foregoing, calculations in connection with the definitions, covenants and other provisions hereof
shall utilize accounting principles and policies in conformity with those used to prepare the Historical Financial Statements. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any
Credit Document, and Company or Requisite Lenders shall so request, Lenders and Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval
of Requisite Lenders), provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and Company shall provide to Administrative Agent and Lenders reconciliation
statements provided for in subsection 5.1(e). 
 1.3 Interpretation, etc. Any of the terms defined herein may, unless the context
otherwise requires, be used in the singular or the plural, depending on the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless
otherwise specifically provided. The use herein of the word “include” or “including”, when following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific items or
matters set forth immediately following such word or to similar items or matters, whether or not no limiting language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference
thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible scope of such general statement, term or matter. 
  

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 SECTION 2. LOANS 
 2.1 Loans. 
 (a) Loan Commitments. Subject to the terms and conditions hereof,
each Lender severally agrees to make, on the Closing Date, a Loan to Holdings in an amount equal to such Lender’s Commitment. Holdings may make only one borrowing under the Commitments, which shall be on the Closing Date. Any amount borrowed
under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.9 and 2.10, all amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date. Each Lender’s
Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Commitment on such date. 
 (b) Borrowing Mechanics for Loans. 
 (i) Holdings shall deliver to Administrative Agent a fully executed Funding Notice no later than three days prior to the Closing Date. Promptly upon receipt by Administrative Agent of such Funding Notice,
Administrative Agent shall notify each Lender of the proposed borrowing. 
 (ii) Each Lender shall make its Loan available to
Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office in Appendix B or as otherwise designated by Administrative Agent. Upon satisfaction or
waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of the Loans available to Holdings on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans
received by Administrative Agent from Lenders to be credited to the account of Company at the Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative Agent by Holdings.

 2.2 Pro Rata Shares; Availability of Funds. 
 (a) Pro Rata Shares. All Loans shall be made, and all participations purchased, by Lenders simultaneously and proportionately to
their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby nor
shall any Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder or purchase a participation required hereby. 
 (b) Availability of Funds. Unless Administrative Agent shall have been notified by any Lender prior to the Closing Date that such
Lender does not intend to make available to Administrative Agent the amount of such Lender’s Loan requested on the Closing Date, Administrative Agent may assume that such Lender has made such amount available to Administrative Agent on the
Closing Date and Administrative Agent may, in its sole discretion, but shall not be obligated to, make available to Holdings a corresponding amount on the Closing Date. If such corresponding amount is not in fact made available to Administrative
Agent by 

  

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such Lender, Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each
day from the Closing Date until the date such amount is paid to Administrative Agent, at the customary rate set by Administrative Agent for the correction of errors among banks for three Business Days and thereafter at the LIBOR Rate. If such Lender
does not pay such corresponding amount forthwith upon Administrative Agent’s demand therefor, Administrative Agent shall promptly notify Holdings and Holdings shall immediately pay such corresponding amount to Administrative Agent together with
interest thereon, for each day from the Closing Date until the date such amount is paid to Administrative Agent, at the rate payable hereunder for such Loans. Nothing in this Section 2.2(b) shall be deemed to relieve any Lender from its
obligation to fulfill its Commitments hereunder or to prejudice any rights that Holdings may have against any Lender as a result of any default by such Lender hereunder. 
 2.3 Use of Proceeds. The proceeds of the Loans made on the Closing Date shall be applied by Holdings to redeem shares of Capital Stock of Holdings owned by Donald Yonce, Dave Yonce and their Affiliates and
other related parties and to pay related fees and expenses. No portion of the proceeds of any Loan shall be used in any manner that causes or might cause such Loans or the application of such proceeds to violate Regulation T, Regulation U
or Regulation X of the Board of Governors or any other regulation thereof or to violate the Exchange Act. 
 Each party hereto
acknowledges that promptly after the Lenders make the Loans, Holdings intends contribute all of its material assets and liabilities to Company. Following such contribution (the “Initial Contribution”), Company agrees that it will
automatically assume all obligations of Holdings as the borrower of the Loans, Holdings shall be deemed to be the borrower of the Loans for all purposes hereunder, and Holdings shall become a Guarantor hereunder. 
 2.4 Evidence of Debt; Register; Lenders’ Books and Records; Notes. 
 (a) Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an account or accounts evidencing the
Obligations of Company to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on Company, absent manifest error; provided, that
the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitment or Company’s Obligations in respect of any applicable Loans; and provided further, in the event of any
inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern. 
 (b)
Register. Administrative Agent (or its agent or sub-agent appointed by it) shall maintain at the Principal Office a register for the recordation of the names and addresses of Lenders and Loans of each Lender from time to time (the
“Register”). The Register, as in effect at the close of business on the preceding Business Day, shall be available for inspection by Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
Administrative Agent shall record, or shall cause to be recorded, in the Register the Loans in accordance with the provisions of Section 10.6, and each repayment or prepayment in respect of the principal amount of the Loans, and any such
recordation shall be conclusive and 

  

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binding on Company and each Lender, absent manifest error; provided, failure to make any such recordation, or any error in such recordation, shall not
affect Company’s Obligations in respect of any Loan. Company hereby designates Administrative Agent to serve as Company’s agent solely for purposes of maintaining the Register as provided in this Section 2.4, and Company hereby agrees
that, to the extent Administrative Agent serves in such capacity, Administrative Agent and its officers, directors, employees, agents, sub-agents and affiliates shall constitute “Indemnitees” under Section 10.3 hereof. 
 (c) Notes. If so requested by any Lender by written notice to Company (with a copy to Administrative Agent) at least two Business
Days prior to the Closing Date, or at any time thereafter, Company 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) on
the Closing Date (or, if such notice is delivered after the Closing Date, promptly after Company’s receipt of such notice) a Note or Notes to evidence such Lender’s Loan. 
 2.5 Interest on Loans. 
 (a) Except as otherwise set forth herein, Loans shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) at the LIBOR Rate plus 3.50% (the “Applicable
Margin”). 
 (b) Interest payable pursuant to Section 2.5(a) shall be computed on the basis of a 360-day year
and the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of the making of such Loan shall be included, and the date of payment of such Loan shall be excluded; provided, if a Loan
is repaid on the same day on which it is made, one day’s interest shall be paid on that Loan. 
 (c) Except as otherwise
set forth herein, interest on each Loan (i) shall accrue on a daily basis on and to the March 31, June 30, September 30, and December 31 most recently ended on or prior to such payment date and shall be payable in
arrears on each Interest Payment Date; (iii) shall accrue on a daily basis and shall be payable in arrears upon any prepayment of that Loan, whether voluntary or mandatory, to the extent accrued on the amount being prepaid; and (iv) shall
accrue on a daily basis and shall be payable in arrears at maturity of the Loans, including final maturity of the Loans. 
 2.6 Default
Interest. Upon the occurrence and during the continuance of an Event of Default, the principal amount of all Loans outstanding and, to the extent permitted by applicable law, any interest payments on the Loans or any fees or other amounts owed
hereunder, shall thereafter bear interest (including post-petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws) payable on demand at a rate that is equal to the lesser of (a) 2.0% per annum in
excess of the interest rate otherwise payable hereunder with respect to the applicable Loans and (b) the maximum rate of interest permitted under applicable law. Payment or acceptance of the increased rates of interest provided for in this
Section 2.6 is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender. 
  

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 2.7 Fees. 
 Company agrees to pay to Agents such fees in the amounts and at the times separately agreed upon. 
 2.8 Payments. 
 The
principal amounts of the Loans shall be due and repaid on the Maturity Date. 
 2.9 Voluntary Prepayments. 
 (a) Voluntary Prepayments. 
 (i) Any time and from time to time Company may prepay any Loans on any Business Day in whole or in part, in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount; and

 (ii) All such prepayments shall be made upon not less than one Business Day’s prior written or telephonic notice given
to Administrative Agent by 12:00 p.m. (New York City time) on the date required and, if given by telephone, promptly confirmed in writing to Administrative Agent (and Administrative Agent will promptly transmit such telephonic or original notice for
Loans by telefacsimile or telephone to each Lender). Upon the giving of any such notice, the principal amount of the Loans specified in such notice shall become due and payable on the prepayment date specified therein. 
 (b) Call Protection. In the event that the Loans are voluntarily prepaid in whole or in part, Company shall pay to Lenders having
Loan Exposure a prepayment premium on the amount so prepaid as follows: 
  

			
	 Number of calendar months elapsed since the Closing Date
	  	Prepayment premium as a
percentage of the amount so
prepaid
	 prior to 12
	  	102% (2% premium)
	 on or after 12 prior to 24
	  	101% (1% premium)
	 thereafter
	  	100% (no premium)

  

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 2.10 Mandatory Prepayments. 
 (a) Asset Sales; Insurance/Condemnation Proceeds. No later than three Business Days after the date of receipt by Company or any
Subsidiary of any Net Asset Sale Proceeds in respect of any Asset Sale or any Net Insurance/Condemnation Proceeds, Company shall either (1) prepay the Loans, or (2) so long as no Default or Event of Default shall have occurred and be
continuing, deliver to Administrative Agent an Officer’s Certificate setting forth (x) that portion of such Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds that Company or such Subsidiary intends to reinvest in Permitted
Acquisitions or equipment or other productive assets that are not classified as current assets on its balance sheet and are of the general type used in the business of Company and its Subsidiaries within 270 days of such date of receipt and
(y) the proposed use of such portion of the Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds and such other information with respect to such reinvestment as Administrative Agent may reasonably request; provided that if the
property with respect to which Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds shall have been received constituted Collateral, then all property purchases with such Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds shall
be made subject to the First Lien of the Collateral Documents in favor of the Collateral Agent, for its benefit and for the benefit of the other Secured Parties. In addition, Company shall, no later than 270 days after receipt of such Net Asset Sale
Proceeds or Net Insurance/Condemnation Proceeds that have not theretofore been applied to the Obligations or that have not been so reinvested as provided above, make an additional prepayment of the Loans in the full amount of all such Net Asset Sale
Proceeds or Net Insurance/Condemnation Proceeds that have then not been so reinvested. 
 (b) [RESERVED] 
 (c) Issuance of Equity Securities. No later than the third Business Day following the date of receipt by Company of any Net
Securities Proceeds, Company shall prepay the Loans in an aggregate amount equal to 100 % of such Net Securities Proceeds; provided that if the Company’s Leverage Ratio for the immediately preceding 12 month period for which
financial statements are available is less than 3.00:1.00, after giving pro forma effect to such receipt and use of such Net Proceeds, 75% of such Net Proceeds shall be used to prepay the Loans; provided further that if the
Company’s Leverage Ratio for the immediately preceding 12 month period for which financial statements are available is less than 2.00:1.00, after giving pro forma effect to such receipt and use of such Net Proceeds, 50% of such Net Proceeds
shall be used to prepay the Loans. 
 (d) Issuance of Debt. No later than the third Business Day following the date of
receipt by Company or any of its Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Company or any of its Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to Section 6.1) or
the proceeds of any Key Man Life Insurance, Company shall prepay the Loans in an aggregate amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including
reasonable legal fees and expenses. 
 (e) Consolidated Excess Cash Flow. In the event that there shall be Consolidated
Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year 2006), Company shall, no later than 120 days after the end of such Fiscal Year, offer to prepay the Loans in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow. If
Lenders elect to waive such 

  

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prepayment pursuant to Section 2.11(c), Company may (i) retain the Consolidated Excess Cash Flow that would have otherwise been used for such
prepayment, or (ii) at Company’s option, use the Consolidated Excess Cash Flow that would have otherwise been used for such prepayment, plus an amount equal to 25% of Consolidated Excess Cash Flow for such Fiscal Year, to prepay the Loan
pursuant to Section 2.9, provided that, notwithstanding anything to the contrary in such Section, such prepayment shall be made with a no prepayment premium. 
 (f) Prepayment Certificate. Concurrently with any prepayment of the Loans, Company shall deliver to Administrative Agent a
certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable net proceeds or Consolidated Excess Cash Flow, as the case may be. In the event that Company shall subsequently determine that the actual amount
received exceeded the amount set forth in such certificate, Company shall promptly make an additional prepayment of the Loans and Company shall concurrently therewith deliver to Administrative Agent a certificate of an Authorized Officer
demonstrating the derivation of such excess. 
 2.11 Application of Prepayments. 
 (a) Application of Voluntary Prepayments. Any prepayment of any Loan pursuant to Section 2.9 shall be applied on a pro rata
basis to reduce the principal on all outstanding Loans. 
 (b) Application of Mandatory Prepayments. Any amount
required to be paid pursuant to Sections 2.10(a) through 2.10(e) shall be applied to prepay Loans on a pro rata basis (in accordance with the respective outstanding principal amounts thereof). 
 (c) Waivable Mandatory Prepayment. Anything contained herein to the contrary notwithstanding, so long as any Loans are outstanding,
in the event Company is required to make any mandatory prepayment (a “Waivable Mandatory Prepayment”) of the Loans, not less than three Business Days prior to the date (the “Required Prepayment Date”) on which
Company is required to make such Waivable Mandatory Prepayment, Company shall notify Administrative Agent of the amount of such prepayment, and Administrative Agent will promptly thereafter notify each Lender holding an outstanding Loan of the
amount of such Lender’s Pro Rata Share of such Waivable Mandatory Prepayment and such Lender’s option to refuse such amount. Each such Lender may exercise such option by giving written notice to Company and Administrative Agent of its
election to do so on or before the first Business Day prior to the Required Prepayment Date (it being understood that any Lender which does not notify Company and Administrative Agent of its election to exercise such option on or before the first
Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option). On the Required Prepayment Date, Company shall pay to Administrative Agent the amount of the Waivable Mandatory
Prepayment, which amount shall be applied in an amount equal to that portion of the Waivable Mandatory Prepayment payable to those Lenders that have elected not to exercise such option, to prepay the Loans of such Lenders. 
  

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 2.12 General Provisions Regarding Payments. 
 (a) All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without
defense, setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 p.m. (New York City time) on the date due at the Principal Office designated by Administrative Agent for the account of
Lenders; for purposes of computing interest and fees, funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. 
 (b) All payments in respect of the principal amount of any Loan shall be accompanied by payment of accrued interest on the principal
amount being repaid or prepaid. 
 (c) Administrative Agent (or its agent or sub-agent appointed by it) shall promptly
distribute to each Lender by wire transfer at such wire transfer address as such Lender shall indicate in writing, such Lender’s applicable Pro Rata Share of all payments and prepayments of principal and interest due hereunder, together with
all other amounts due thereto, including, without limitation, all fees payable with respect thereto, to the extent received by Administrative Agent. 
 (d) Whenever any payment to be made hereunder with respect to any Loan shall be stated to be due on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day. 
 (e) Company hereby authorizes Administrative Agent to charge Company’s accounts with Administrative Agent in order to cause timely
payment to be made to Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose). 
 (f) Administrative Agent shall deem any payment by or on behalf of Company hereunder that is not made in same day funds prior to 12:00
p.m. (New York City time) to be a non-conforming payment. Any such payment shall not be deemed to have been received by Administrative Agent until the later of (i) the time such funds become available funds, and (ii) the applicable next
Business Day. Administrative Agent shall give prompt telephonic notice to Company and each applicable Lender (confirmed in writing) if any payment is non-conforming. Any non-conforming payment may constitute or become a Default or Event of Default
in accordance with the terms of Section 8.1(a). Interest shall continue to accrue on any principal as to which a non-conforming payment is made until such funds become available funds (but in no event less than the period from the date of such
payment to the next succeeding applicable Business Day) at the rate determined pursuant to Section 2.6 from the date such amount was due and payable until the date such amount is paid in full. 
 (g) If an Event of Default shall have occurred and not otherwise been waived, and the maturity of the Obligations shall have been
accelerated pursuant to Section 8.1, all payments or proceeds received by Agents hereunder in respect of any of the Obligations, shall be applied in accordance with the application arrangements described in Section 7.2 of the Pledge and
Security Agreement. 
  

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 2.13 Ratable Sharing. Lenders hereby agree among themselves that, except as otherwise provided in
the Collateral Documents with respect to amounts realized from the exercise of rights with respect to Liens on the Collateral, if any of them shall, whether by voluntary payment (other than a voluntary prepayment of Loans made and applied in
accordance with the terms hereof), through the exercise of any right of set-off or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the Credit Documents or otherwise, or as adequate protection of a deposit
treated as cash collateral under the Bankruptcy Code, receive payment or reduction of a proportion of the aggregate amount of principal, interest, fees and other amounts then due and owing to such Lender hereunder or under the other Credit Documents
(collectively, the “Aggregate Amounts Due” to such Lender) which is greater than the proportion received by any other Lender in respect of the Aggregate Amounts Due to such other Lender, then the Lender receiving such
proportionately greater payment shall (a) notify Administrative Agent and each other Lender of the receipt of such payment and (b) apply a portion of such payment to purchase participations (which it shall be deemed to have purchased from
each seller of a participation simultaneously upon the receipt by such seller of its portion of such payment) in the Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate Amounts Due shall be shared by all Lenders in
proportion to the Aggregate Amounts Due to them; provided, if all or part of such proportionately greater payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of Company or
otherwise, those purchases shall be rescinded and the purchase prices paid for such participations shall be returned to such purchasing Lender ratably to the extent of such recovery, but without interest. Company expressly consents to the foregoing
arrangement and agrees that any holder of a participation so purchased may exercise any and all rights of banker’s lien, set-off or counterclaim with respect to any and all monies owing by Company to that holder with respect thereto as fully as
if that holder were owed the amount of the participation held by that holder. 
 2.14 Increased Costs; Capital Adequacy. 

(a) Compensation For Increased Costs and Taxes. Subject to the provisions of Section 2.15 (which shall be controlling with
respect to the matters covered thereby), in the event that any Lender shall determine (which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto, but shall be made only after consultation with
Company) that any law, treaty or governmental rule, regulation or order, or any change therein or in the interpretation, administration or application thereof (including the introduction of any new law, treaty or governmental rule, regulation or
order), or any determination of a court or governmental authority, in each case that becomes effective after the date hereof, or compliance by such Lender with any guideline, request or directive issued or made after the date hereof by any central
bank or other governmental or quasi-governmental authority (whether or not having the force of law): (i) subjects such Lender (or its applicable lending office) to any additional Tax (other than any Tax on the overall net income of such Lender)
with respect to this Agreement or any of the other Credit Documents or any of its obligations hereunder or thereunder or any payments to such Lender (or its applicable lending office) of principal, interest, fees or any other amount payable
hereunder; (ii) imposes, modifies or holds applicable any reserve (including any marginal, emergency, supplemental, special or other reserve), special deposit, compulsory loan, FDIC insurance or similar requirement against assets held by, or
deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended by, or any other acquisition 

  

 - 36 - 

 
of funds by, any office of such Lender; or (iii) imposes any other condition (other than with respect to a Tax matter) on or affecting such Lender (or
its applicable lending office) or its obligations hereunder or the London interbank market; and the result of any of the foregoing is to increase the cost to such Lender of agreeing to make, making or maintaining Loans hereunder or to reduce any
amount received or receivable by such Lender (or its applicable lending office) with respect thereto; then, in any such case, Company shall promptly pay to such Lender, upon receipt of the statement referred to in the next sentence, such additional
amount or amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender in its sole discretion shall determine) as may be necessary to compensate such Lender for any such increased cost or
reduction in amounts received or receivable hereunder. Such Lender shall deliver to Company (with a copy to Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to such
Lender under this Section 2.14(a), which statement shall be conclusive and binding upon all parties hereto absent manifest error. 
 (b) Capital Adequacy Adjustment. In the event that any Lender shall have determined that the adoption, effectiveness, phase-in or applicability after the Closing Date of any law, rule or regulation (or any
provision thereof) regarding capital adequacy, or any change therein or in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or
compliance by any Lender (or its applicable lending office) with any guideline, request or directive regarding capital adequacy (whether or not having the force of law) of any such Governmental Authority, central bank or comparable agency, has or
would have the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence of, or with reference to, such Lender’s Loans or participations therein or other obligations
hereunder with respect to the Loans to a level below that which such Lender or such controlling corporation could have achieved but for such adoption, effectiveness, phase-in, applicability, change or compliance (taking into consideration the
policies of such Lender or such controlling corporation with regard to capital adequacy), then from time to time, within five Business Days after receipt by Company from such Lender of the statement referred to in the next sentence, Company shall
pay to such Lender such additional amount or amounts as will compensate such Lender or such controlling corporation on an after-tax basis for such reduction. Such Lender shall deliver to Company (with a copy to Administrative Agent) a written
statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to Lender under this Section 2.14(b), which statement shall be conclusive and binding upon all parties hereto absent manifest error. 

(c) Notwithstanding anything to the contrary herein, Company shall not be under any obligation to compensate any Lender under clause
(a) or (b) of this Section 2.14 for increased costs or reductions with respect to any period prior to the date that is more than 180 days prior to such request if such Lender knew or could reasonably have been expected to know of the
circumstances giving rise to such increase costs or reductions and of the fact that such circumstances would result in a claim for increased compensation by reason of such increased costs or reductions. 
  

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 2.15 Taxes; Withholding, etc. 
 (a) Payments to Be Free and Clear. All sums payable by any Credit Party hereunder and under the other Credit Documents shall
(except to the extent required by law) be paid free and clear of, and without any deduction or withholding on account of, any Tax (other than a Tax on the overall net income of any Lender or the Administrative Agent) imposed, levied, collected,
withheld or assessed by or within the United States of America or any political subdivision in or of the United States of America or any other jurisdiction from or to which a payment is made by or on behalf of any Credit Party or by any federation
or organization of which the United States of America or any such jurisdiction is a member at the time of payment (“Non-Excluded Taxes”). 
 (b) Withholding of Taxes. If any Credit Party or any other Person is required by law to make any deduction or withholding on account of any such Non-Excluded Tax from any sum paid or payable by any Credit Party
to Administrative Agent or any Lender under any of the Credit Documents: (i) Company shall notify Administrative Agent of any such requirement or any change in any such requirement as soon as Company becomes aware of it; (ii) Company shall
pay any such Tax before the date on which penalties attach thereto, such payment to be made (if the liability to pay is imposed on any Credit Party) for its own account or (if that liability is imposed on Administrative Agent or such Lender, as the
case may be) on behalf of and in the name of Administrative Agent or such Lender; (iii) the sum payable by such Credit Party in respect of which the relevant deduction, withholding or payment is required shall be increased to the extent
necessary to ensure that, after the making of that deduction, withholding or payment, Administrative Agent or such Lender, as the case may be, receives on the due date a net sum equal to what it would have received had no such deduction, withholding
or payment been required or made; and (iv) within thirty days after paying any sum from which it is required by law to make any deduction or withholding, and within thirty days after the due date of payment of any Tax which it is required by
clause (ii) above to pay, Company shall deliver to Administrative Agent evidence satisfactory to the other affected parties of such deduction, withholding or payment and of the remittance thereof to the relevant taxing or other authority;
provided, no such additional amount shall be required to be paid to the Administrative Agent or any Lender under clause (iii) above except (i) to the extent that any change after the date hereof (in the case of each Administrative
Agent or Lender listed on the signature pages hereof on the Closing Date), or after the effective date of the Assignment Agreement pursuant to which such Lender became a Lender (in the case of each other Lender), in any such requirement for a
deduction, withholding or payment as is mentioned therein shall result in an increase in the rate of such deduction, withholding or payment from that in effect at the date hereof or at the date of such Assignment Agreement, as the case may be, in
respect of payments to such Lender, or (ii) that is attributable to a Lender’s failure to comply with the requirements of Section 2.15(c) or 2.15(d). 
 (c) U.S. Lenders. Each Lender that (i) is a “U.S. Person” as defined in Section 7701(a)(30) of the Code and
(ii) whose name does not include “Incorporated,” “Inc.,” “Corporation,” “Corp.,” “P.C.,” “insurance company,” or “assurance company” shall deliver to the Administrative Agent
for transmission to the Company two properly completed and duly executed copies of U.S. Internal Revenue Service Form W-9. Such forms shall be delivered by each such Lender on or before the Closing Date (in the case of each Lender listed on the
signature pages hereof on the Closing Date) or on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender (in the case of each other Lender). In addition, each such Lender shall deliver such forms a reasonable period
of time before the obsolescence or invalidity of any form previously delivered by such Lender. 
  

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 (d) Evidence of Exemption From U.S. Withholding Tax. Each Lender that is not a
United States Person (as such term is defined in Section 7701(a)(30) of the Internal Revenue Code) for U.S. federal income tax purposes (a “Non-US Lender”) shall deliver to Administrative Agent for transmission to Company, on
or prior to the Closing Date (in the case of each Lender listed on the signature pages hereof on the Closing Date) or on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender (in the case of each other Lender), and
at such other times as may be necessary in the determination of Company or the Requisite Lenders (each in the reasonable exercise of its discretion), (i) two original copies of Internal Revenue Service Form W-8BEN or W-8ECI (or any successor
forms), properly completed and duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by Company to establish that such Lender is not subject to deduction or withholding of United
States federal income tax with respect to any payments to such Lender of principal, interest, fees or other amounts payable under any of the Credit Documents, or (ii) if such Lender is not a “bank” or other Person described in
Section 881(c)(3) of the Internal Revenue Code and cannot deliver either Internal Revenue Service Form W-8ECI pursuant to clause (i) above, a Certificate re Non-Bank Status together with two original copies of Internal Revenue Service Form
W-8BEN (or any successor form), properly completed and duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by Company to establish that such Lender is not subject to deduction
or withholding of United States federal income tax with respect to any payments to such Lender of interest payable under any of the Credit Documents. Each Lender required to deliver any forms, certificates or other evidence with respect to United
States federal income tax withholding matters pursuant to this Section 2.15(d) hereby agrees, from time to time after the initial delivery by such Lender of such forms, certificates or other evidence, whenever a lapse in time or change in
circumstances renders such forms, certificates or other evidence obsolete or inaccurate in any material respect, that such Lender shall promptly deliver to Administrative Agent for transmission to Company two new original copies of Internal Revenue
Service Form W-8BEN or W-8ECI , or a Certificate re Non-Bank Status and two original copies of Internal Revenue Service Form W-8BEN (or any successor form), as the case may be, properly completed and duly executed by such Lender, and such other
documentation required under the Internal Revenue Code and reasonably requested by Company to confirm or establish that such Lender is not subject to deduction or withholding of United States federal income tax with respect to payments to such
Lender under the Credit Documents, or notify Administrative Agent and Company of its inability to deliver any such forms, certificates or other evidence. Company shall not be required to pay any additional amount to any Non-US Lender under
Section 2.15(b)(iii) if such Lender shall have failed (1) to deliver the forms, certificates or other evidence referred to in this Section 2.15(d), or (2) to notify Administrative Agent and Company of its inability to deliver any
such forms, certificates or other evidence, as the case may be; provided, if such Lender shall have satisfied the requirements of the first sentence of this Section 2.15(d) on the Closing Date or on the date of the Assignment Agreement
pursuant to which it became a Lender, as applicable, nothing in this last sentence of Section 2.15(d) shall relieve Company of its obligation to pay any additional amounts pursuant this Section 2.15 in the event that, as a result of any
change in any applicable law, treaty or governmental rule, regulation or order, or any change in the interpretation, administration or 

  

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application thereof, such Lender is no longer permitted by applicable law to deliver forms, certificates or other evidence at a subsequent date establishing
the fact that such Lender is not subject to withholding as described herein. 
 (e) If any Lender determines, in its sole
discretion, that it has received a refund of any Non-Excluded Taxes with respect to which any Credit Party has paid additional amounts pursuant to this Section 2.15, it shall pay over such refund to the Credit Party, net of all out-of-pocket
expenses of the Administrative Agent or such Lender. This paragraph shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems
confidential) to any Credit Party or any other Person. 
 2.16 Obligation to Mitigate. Each Lender agrees that, as promptly as
practicable after the officer of such Lender responsible for administering its Loans becomes aware of the occurrence of an event or the existence of a condition that would entitle such Lender to receive payments under Section 2.13, 2.14 or
2.15, it will, to the extent not inconsistent with the internal policies of such Lender and any applicable legal or regulatory restrictions, use reasonable efforts to (a) make, issue, fund or maintain its Loans through another office of such
Lender, or (b) take such other measures as such Lender may deem reasonable, if as a result thereof the additional amounts which would otherwise be required to be paid to such Lender pursuant to Section 2.13, 2.14 or 2.15 would be
materially reduced and if, as determined by such Lender in its sole discretion, the making, issuing, funding or maintaining of such Loans through such other office or in accordance with such other measures, as the case may be, would not otherwise
adversely affect such Loans or the interests of such Lender; provided, such Lender will not be obligated to utilize such other office pursuant to this Section 2.16 unless Company agrees to pay all incremental expenses incurred by such
Lender as a result of utilizing such other office as described above. A certificate as to the amount of any such expenses payable by Company pursuant to this Section 2.16 (setting forth in reasonable detail the basis for requesting such amount)
submitted by such Lender to Company (with a copy to Administrative Agent) shall be conclusive absent manifest error. 
 2.17 Removal or
Replacement of a Lender. Anything contained herein to the contrary notwithstanding, in the event that: (a) (i) any Lender (an “Increased Cost Lender”) shall give notice to Company that such Lender is entitled to
receive payments under Section 2.13, 2.14 or 2.15, (ii) the circumstances which entitle such Lender to receive such payments shall remain in effect, and (iii) such Lender shall fail to withdraw such notice within five Business Days
after Company’s request for such withdrawal; or (b) in connection with any proposed amendment, modification, termination, waiver or consent with respect to any of the provisions hereof as contemplated by Section 10.5(b), the consent
of Requisite Lenders shall have been obtained but the consent of one or more of such other Lenders (each a “Non-Consenting Lender”) whose consent is required shall not have been obtained; then, with respect to each such
Increased-Cost Lender or Non-Consenting Lender (the “Terminated Lender”), Company may, by giving written notice to Administrative Agent and any Terminated Lender of its election to do so, elect to cause such Terminated Lender (and
such Terminated Lender hereby irrevocably agrees) to assign its outstanding Loans in full to one or more Eligible Assignees (each a “Replacement Lender”) in accordance with the provisions of Section 10.6 and Company shall pay
any fees payable thereunder in connection with such assignment; provided, 
  

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(1) on the date of such assignment, the Replacement Lender shall pay to Terminated Lender an amount equal to the sum of (A) an amount equal to the
principal of, and all accrued interest on, all outstanding Loans of the Terminated Lender and (B) an amount equal to all accrued, but theretofore unpaid fees owing to such Terminated Lender; (2) on the date of such assignment, Company
shall pay any amounts payable to such Terminated Lender pursuant to Section 2.13, 2.14 or 2.15; or otherwise as if it were a prepayment pursuant to Section 2.9 and (3) in the event such Terminated Lender is a Non-Consenting Lender,
each Replacement Lender shall consent, at the time of such assignment, to each matter in respect of which such Terminated Lender was a Non-Consenting Lender. Upon the prepayment of all amounts owing to any Terminated Lender, such Terminated Lender
shall no longer constitute a “Lender” for purposes hereof; provided, any rights of such Terminated Lender to indemnification hereunder shall survive as to such Terminated Lender. 
 SECTION 3. CONDITIONS PRECEDENT 
 3.1 Closing
Date. The obligation of each Lender to make a Loan on the Closing Date is subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions on or before the Closing Date: 
 (a) Credit Documents. Administrative Agent shall have received sufficient copies of each Credit Document originally executed and
delivered by each applicable Credit Party for each Lender. 
 (b) Organizational Documents; Incumbency. Administrative
Agent shall have received (i) a copy of each Organizational Document executed and delivered by each Credit Party, as applicable, and, to the extent applicable, certified as of a recent date by the appropriate governmental official, each dated
the Closing Date or a recent date prior thereto; (ii) signature and incumbency certificates of the officers of such Person executing the Credit Documents to which it is a party; (iii) resolutions of the Board of Directors or similar
governing body of each Credit Party approving and authorizing the execution, delivery and performance of this Agreement and the other Credit Documents and the Related Agreements to which it is a party or by which it or its assets may be bound as of
the Closing Date, certified as of the Closing Date by its secretary or an assistant secretary as being in full force and effect without modification or amendment; (iv) a good standing certificate from the applicable Governmental Authority of
each Credit Party’s jurisdiction of incorporation, organization or formation and in each jurisdiction in which it is qualified as a foreign corporation or other entity to do business where the failure to be so qualified could not reasonably be
expected to have a Material Adverse Effect, each dated a recent date prior to the Closing Date; and (v) such other documents as Administrative Agent may reasonably request. 
 (c) Organizational and Capital Structure. The organizational structure and capital structure of Company and its Subsidiaries, both
before and after giving effect to Acquisition, shall be as set forth on Schedule 3.1. 
  

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 (d) Consummation of Transactions Contemplated by Related Agreements. 

(i) On the Closing Date (1) all conditions to the Acquisition set forth in Acquisition documents shall have been satisfied or the
fulfillment of any such conditions shall have been waived, (2) the Acquisition shall have become effective in accordance with the terms of the Acquisition Agreement and (3) the aggregate cash consideration paid in connection with the
Acquisition shall not exceed $204,000,000. 
 (ii) Administrative Agent shall have received a fully executed or conformed copy
of each Related Agreement and any documents executed in connection therewith, together with copies of each of the opinions of counsel delivered to the parties under the Related Agreements, accompanied by a letter from each such counsel (to the
extent not inconsistent with such counsel’s established internal policies) authorizing Lenders to rely upon such opinion to the same extent as though it were addressed to Lenders. Each Related Agreement shall be in full force and effect, shall
include terms and provisions reasonably satisfactory to Requisite Lenders and no provision thereof shall have been modified or waived in any respect determined by Requisite Lenders to be material, in each case without the consent of Requisite
Lenders. 
 (e) Existing Indebtedness. On the Closing Date, Company and its Subsidiaries shall have (i) repaid in
full all Existing Indebtedness (other than the notes payable to Tom Sawyer in January 2006), (ii) terminated any commitments to lend or make other extensions of credit thereunder, (iii) delivered to Administrative Agent and Syndication
Agent all documents or instruments necessary to release all Liens securing Existing Indebtedness or other obligations of Company and its Subsidiaries thereunder being repaid on the Closing Date, and (iv) made arrangements satisfactory to
Administrative Agent with respect to the cancellation of any letters of credit outstanding thereunder. 
 (f) Transaction
Costs. On or prior to the Closing Date, Company shall have delivered to Administrative Agent Company’s reasonable best estimate of the Transactions Costs (other than fees payable to any Agent). 
 (g) Governmental Authorizations and Consents. Each Credit Party shall have obtained all Governmental Authorizations and all
consents of other Persons, in each case that are necessary in connection with the transactions contemplated by the Credit Documents and the Related Agreements and each of the foregoing shall be in full force and effect and in form and substance
reasonably satisfactory to Requisite Lenders. All applicable waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise impose adverse conditions on the
transactions contemplated by the Credit Documents or the Related Agreements or the financing thereof and no action, request for stay, petition for review or rehearing, reconsideration, or appeal with respect to any of the foregoing shall be pending,
and the time for any applicable agency to take action to set aside its consent on its own motion shall have expired. 
  

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 (h) Personal Property Collateral. In order to create in favor of Collateral Agent,
for the benefit of Secured Parties, a valid, perfected First Priority security interest in the personal property Collateral, Collateral Agent shall have received: 
 (i) evidence satisfactory to the Requisite Lenders of the compliance by each Credit Party of their obligations under the Pledge and
Security Agreement and the other Collateral Documents (including, without limitation, their obligations to execute and deliver UCC financing statements, originals of securities, instruments and chattel paper and any agreements governing deposit
and/or securities accounts as provided therein); 
 (ii) (A) The results of a recent search, by a Person satisfactory to
Collateral Agent, of all effective UCC financing statements (or equivalent filings) made with respect to any personal or mixed property of any Credit Party in the jurisdictions reasonably requested by the Requisite Lenders, together with copies of
all such filings disclosed by such search, and (B) UCC termination statements (or similar documents) duly executed by all applicable Persons for filing in all applicable jurisdictions as may be necessary to terminate any effective UCC financing
statements (or equivalent filings) disclosed in such search (other than any such financing statements in respect of Permitted Liens); 
 (iii) opinions of counsel (which opinions and such counsel shall be reasonably satisfactory to the Requisite Lenders) with respect to the creation and perfection of the security interests in favor of Collateral Agent
in such Collateral and such other matters governed by the laws of each jurisdiction in which any Credit Party or any personal property Collateral is located as the Requisite Lenders may reasonably request, in each case in form and substance
reasonably satisfactory to the Requisite Lenders; and 
 (iv) evidence that each Credit Party shall have taken or caused to be
taken any other action, executed and delivered or caused to be executed and delivered any other agreement, document and instrument (including without limitation, any Intercompany Notes evidencing Indebtedness permitted to be incurred pursuant to
Section 6.1(b)) and made or caused to be made any other filing and recording (other than as set forth herein) reasonably required by the Requisite Lenders. 
 (i) Financial Statements; Projections. Lenders shall have received from Company (i) the Historical Financial Statements,
(ii) pro forma consolidated and consolidating balance sheets of Company and its Subsidiaries as at the Closing Date, and reflecting the consummation of the Acquisition the related financings and the other transactions contemplated by the Credit
Documents to occur on or prior to the Closing Date, which pro forma financial statements shall be in form and substance satisfactory to the Requisite Lenders, and (iii) the Projections. Such pro forma financial statements shall reflect no less
than $24,500,000 in Consolidated Adjusted EBITDA for the twelve months ended October 31, 2005. 
 (j) Evidence of
Insurance. Collateral Agent shall have received a certificate from Company’s insurance broker or other evidence satisfactory to the Requisite Lenders that all insurance required to be maintained pursuant to Section 5.5 is in full force
and effect, together with endorsements naming the Collateral Agent, for the benefit of Secured Parties, as additional insured and loss payee thereunder to the extent required under Section 5.5. 
  

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 (k) Opinions of Counsel to Credit Parties. Lenders and their respective counsel
shall have received originally executed copies of the favorable written opinion of Willkie Farr & Gallagher LLP, counsel for Credit Parties, in the form of Exhibit M and as to such other matters as the Requisite Lenders may reasonably
request, dated as of the Closing Date and otherwise in form and substance reasonably satisfactory to the Requisite Lenders (and each Credit Party hereby instructs such counsel to deliver such opinion to Agents and Lenders). 
 (l) Solvency Certificate. On the Closing, Date Administrative Agent and Syndication Agent shall have received a Solvency
Certificate from Company. 
 (m) Closing Date Certificate. Company shall have delivered to Administrative Agent an
originally executed Closing Date Certificate, together with all attachments thereto. 
 (n) Closing Date. Lenders shall
have made the Loans and Second Lien Loans to Company on or before December 31, 2005. 
 (o) No Litigation. There
shall not exist any action, suit, investigation, litigation or proceeding or other legal or regulatory developments, pending or, to the knowledge of Company, threatened in any court or before any arbitrator or Governmental Authority that, in the
reasonable opinion of Requisite Lenders, singly or in the aggregate, materially impairs the Acquisition, the financing thereof or any of the other transactions contemplated by the Credit Documents or the Related Agreements, or that could have a
Material Adverse Effect. 
 (p) Completion of Proceedings. All partnership, corporate and other proceedings taken or to
be taken in connection with the transactions contemplated hereby and all documents incidental thereto not previously found acceptable by the Requisite Lenders and its counsel shall be satisfactory in form and substance to the Requisite Lenders and
such counsel, and the Requisite Lenders and such counsel shall have received all such counterpart originals or certified copies of such documents as the Requisite Lenders may reasonably request. 
 (q) Funding Notice. Administrative Agent shall have received a fully executed and delivered Funding Notice; 
 (r) Representations and Warranties. As of the Closing Date, the representations and warranties contained herein and in the other
Credit Documents shall be true and correct in all material respects on and as of the Closing Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier
date, in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date; 
 (s) No Event of Default. As of such Closing Date, no Event of Default shall have occurred and be continuing or would result from the Loans. 
 Any Agent or Requisite Lenders shall be entitled, but not obligated to, request and receive, prior to the making of any Loans, additional information reasonably satisfactory to the requesting party confirming the
satisfaction of any of the foregoing if, in the good faith judgment of such Agent or Requisite Lenders such request is warranted under the circumstances. 
  

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 SECTION 4. REPRESENTATIONS AND WARRANTIES 
 In order to induce Lenders to enter into this Agreement and to make the Loans to be made thereby, each Credit Party represents and warrants to each
Lender, on the Closing Date, that the following statements are true and correct (it being understood and agreed that the representations and warranties made on the Closing Date are deemed to be made concurrently with the consummation of
Acquisition): 
 4.1 Organization; Requisite Power and Authority; Qualification. Each of Company and its Subsidiaries (a) is duly
organized, validly existing and in good standing under the laws of its jurisdiction of organization as identified in Schedule 4.1, (b) has all requisite power and authority to own and operate its properties, to carry on its business as now
conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party and to carry out the transactions contemplated thereby, and (c) is qualified to do business and in good standing in every jurisdiction where
its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and could not be reasonably expected to have, a Material Adverse
Effect. 
 4.2 Capital Stock and Ownership. The Capital Stock of each of Company and its Subsidiaries has been duly authorized and
validly issued and is fully paid and non-assessable. Except as set forth on Schedule 4.2, as of the date hereof, there is no existing option, warrant, call, right, commitment or other agreement to which Company or any of its Subsidiaries is a party
requiring, and there is no membership interest or other Capital Stock of Company or any of its Subsidiaries outstanding which upon conversion or exchange would require, the issuance by Company or any of its Subsidiaries of any additional membership
interests or other Capital Stock of Company or any of its Subsidiaries or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Capital Stock of Company or any of its
Subsidiaries. Schedule 4.2 correctly sets forth the ownership interest of Company and each of its Subsidiaries in their respective Subsidiaries as of the Closing Date both before and after giving effect to Acquisition. 
 4.3 Due Authorization. The execution, delivery and performance of the Credit Documents have been duly authorized by all necessary action on the
part of each Credit Party that is a party thereto. 
 4.4 No Conflict. The execution, delivery and performance by Credit Parties of
the Credit Documents to which they are parties and the consummation of the transactions contemplated by the Credit Documents do not and will not (a) violate any provision of any law or any governmental rule or regulation applicable to Company
or any of its Subsidiaries, any of the Organizational Documents of Company or any of its Subsidiaries, or any order, judgment or decree of any court or other agency of government binding on Company or any of its Subsidiaries except to the extent
such violation could not be reasonably expected to have a Material Adverse Effect; (b) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of Company or any of
its Subsidiaries except to the extent such conflict, breach or default could not reasonably be expected to have a Material Adverse Effect; (c) result in or require the creation or imposition of any Lien upon any of the properties or assets of
Company or any of its Subsidiaries (other than 
  

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any Liens created under any of the Credit Documents in favor of Collateral Agent, on behalf of Secured Parties); or (d) require any approval of
stockholders, members or partners or any approval or consent of any Person under any Contractual Obligation of Company or any of its Subsidiaries, except for such approvals or consents which will be obtained on or before the Closing Date and
disclosed in writing to Lenders and except for any such approvals or consents the failure of which to obtain will not have a Material Adverse Effect. 
 4.5 Governmental Consents. The execution, delivery and performance by Credit Parties of the Credit Documents to which they are parties and the consummation of the transactions contemplated by the Credit
Documents do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any Governmental Authority except as otherwise set forth in the Agreement, and except for filings and recordings with
respect to the Collateral to be made, or otherwise delivered to the Collateral Agent for filing and/or recordation, as of the Closing Date. 
 4.6 Binding Obligation. Each Credit Document has been duly executed and delivered by each Credit Party that is a party thereto and is the legally valid and binding obligation of such Credit Party, enforceable against such Credit
Party in accordance with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to
enforceability. 
 4.7 Historical Financial Statements. The Historical Financial Statements were prepared in conformity with GAAP and
fairly present, in all material respects, the financial position, on a consolidated basis, of the Persons described in such financial statements as at the respective dates thereof and the results of operations and cash flows, on a consolidated
basis, of the entities described therein for each of the periods then ended, subject, in the case of any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments. As of the Closing Date, neither Company
nor any of its Subsidiaries has any contingent liability or liability for taxes, long-term lease or unusual forward or long-term commitment that is not reflected in the Historical Financial Statements or the notes thereto and which in any such case
is required by GAAP to be reflected in such financial statements or the notes thereto and material in relation to the business, operations, properties, assets, or condition (financial or otherwise) of Company and any of its Subsidiaries taken as a
whole. 
 4.8 Projections. On and as of the Closing Date, the Projections of Company and its Subsidiaries for the period of Fiscal
Year 2005 through and including Fiscal Year 2010 (the “Projections”) are based on good faith estimates and assumptions made by the management of Company; provided, the Projections are not to be viewed as facts and that actual
results during the period or periods covered by the Projections may differ from such Projections and that the differences may be material. 
 4.9 No Material Adverse Change. Since December 31, 2004, no event, circumstance or change has occurred that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect. 
 4.10 Reserved. 
  

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 4.11 Adverse Proceedings, etc. There are no Adverse Proceedings, individually or in the aggregate,
that could reasonably be expected to have a Material Adverse Effect. Neither Company nor any of its Subsidiaries (a) is in violation of any applicable laws (including Environmental Laws) that, individually or in the aggregate, could reasonably
be expected to have a Material Adverse Effect, or (b) is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other governmental
department, commission, board, bureau, agency or instrumentality, domestic or foreign, that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
 4.12 Payment of Taxes. Each of Company and its Subsidiaries has (a) timely filed or caused to be timely filed all material Tax Returns
required to have been filed by it and all such Tax Returns are true and correct in all material respects and (b) duly and timely paid or caused to be duly and timely paid all Taxes (whether or not shown on any Tax Return) due and payable by it
and all assessments received by it, except Taxes (i) that are being contested in good faith by appropriate proceedings and for which Company has set aside on its books adequate reserves in accordance with GAAP or (ii) which could not,
individually or in the aggregate, have a Material Adverse Effect. Company has made adequate provision in accordance with GAAP for all Taxes not yet due and payable. Company is unaware of any proposed or pending tax assessments, deficiencies or
audits that could be reasonably expected to, individually or in the aggregate, result in a Material Adverse Effect. 
 4.13
Properties. 
 (a) Title. Each of Company and its Subsidiaries has (i) valid leasehold interests in (in the
case of leasehold interests in real or personal property), and (ii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the most recent financial statements delivered pursuant
to Section 5.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under Section 6.9, except for Permitted Liens or minor defects in title
that, in the aggregate, are not substantial in amount and do not materially detract from the value of the property subject thereto or interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets
for their intended purposes. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens. 
 (b) Real Estate. As of the Closing Date, Schedule 4.13 contains a true, accurate and complete list of (i) all Real Estate Assets, and (ii) all leases, subleases or assignments of leases (together with all amendments,
modifications, supplements, renewals or extensions of any thereof) affecting each Real Estate Asset of any Credit Party, regardless of whether such Credit Party is the landlord or tenant (whether directly or as an assignee or successor in interest)
under such lease, sublease or assignment. Each agreement listed in clause (ii) of the immediately preceding sentence is in full force and effect and Company does not have knowledge of any default that has occurred and is continuing thereunder,
and each such agreement constitutes the legally valid and binding obligation of each applicable Credit Party, enforceable against such Credit Party in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency,
reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles. 
  

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 4.14 Environmental Matters. Neither Company nor any of its Subsidiaries nor any of their
respective Facilities or operations are subject to any outstanding written order, consent decree or settlement agreement with any Person relating to any Environmental Law, any Environmental Claim, or any Hazardous Materials Activity that,
individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Neither Company nor any of its Subsidiaries has received any letter or request for information under Section 104 of the Comprehensive
Environmental Response, Compensation, and Liability Act (42 U.S.C. § 9604) or any comparable state law. There are and, to each of Company’s and its Subsidiaries’ knowledge, have been, no conditions, occurrences, or Hazardous
Materials Activities which could reasonably be expected to form the basis of an Environmental Claim against Company or any of its Subsidiaries that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.
Neither Company nor any of its Subsidiaries nor, to any Credit Party’s knowledge, any predecessor of Company or any of its Subsidiaries has filed any notice under any Environmental Law indicating past or present treatment of Hazardous Materials
at any Facility, and none of Company’s or any of its Subsidiaries’ operations involves the generation, transportation, treatment, storage or disposal of hazardous waste, as defined under 40 C.F.R. Parts 260-270 or any state equivalent.
Compliance with all current or reasonably foreseeable future requirements pursuant to or under Environmental Laws could not be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect. No event or condition has
occurred or is occurring with respect to Company or any of its Subsidiaries relating to any Environmental Law, any Release of Hazardous Materials, or any Hazardous Materials Activity which individually or in the aggregate has had, or could
reasonably be expected to have, a Material Adverse Effect. 
 4.15 No Defaults. Neither Company nor any of its Subsidiaries is in
default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any of its Contractual Obligations, and no condition exists which, with the giving of notice or the lapse of time or both, could
constitute such a default, except where the consequences, direct or indirect, of such default or defaults, if any, could not reasonably be expected to have a Material Adverse Effect. 
 4.16 [RESERVED] 
 4.17
Governmental Regulation. Neither Company nor any of its Subsidiaries is subject to regulation under the Public Utility Holding Company Act of 1935, the Federal Power Act or the Investment Company Act of 1940 or under any other federal or state
statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. Neither Company nor any of its Subsidiaries is a “registered investment company” or
a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such terms are defined in the Investment Company Act of 1940. 
 4.18 Margin Stock. Neither Company nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of
extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of the Loans made to such Credit Party will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose of
purchasing or carrying any such margin stock or for any purpose that violates, or is inconsistent with, the provisions of Regulation T, U or X of the Board of Governors. 
  

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 4.19 Employee Matters. Neither Company nor any of its Subsidiaries is engaged in any unfair labor
practice that could reasonably be expected to have a Material Adverse Effect. There is (a) no unfair labor practice complaint pending against Company or any of its Subsidiaries, or to the best knowledge of Company, threatened against any of
them before the National Labor Relations Board and no grievance or arbitration proceeding arising out of or under any collective bargaining agreement that is so pending against Company or any of its Subsidiaries or to the best knowledge of Company,
threatened against any of them, (b) no strike or work stoppage in existence or, to the knowledge of the Company, threatened involving Company or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect, and
(c) to the knowledge of Company, no union representation question existing with respect to the employees of Company or any of its Subsidiaries and, to the knowledge of Company, no union organization activity that is taking place, except (with
respect to any matter specified in clause (a), (b) or (c) above, either individually or in the aggregate) such as is not reasonably likely to have a Material Adverse Effect. 
 4.20 Employee Benefit Plans. 
 Company, each of its Subsidiaries and each of their respective ERISA Affiliates are in compliance in all material respects with all applicable provisions and requirements of ERISA and the Internal Revenue Code and the regulations and
published interpretations thereunder with respect to each Employee Benefit Plan, except for any such failure that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, and have performed all their
obligations under each Employee Benefit Plan. Each Employee Benefit Plan which is intended to qualify under Section 401(a) of the Internal Revenue Code has received a favorable determination letter from the Internal Revenue Service indicating
that such Employee Benefit Plan is so qualified and nothing has occurred subsequent to the issuance of such determination letter which would cause such Employee Benefit Plan to lose its qualified status. No liability to the PBGC (other than required
premium payments), the Internal Revenue Service, any Employee Benefit Plan or any trust established under Title IV of ERISA has been or is expected to be incurred by Company, any of its Subsidiaries or any of their ERISA Affiliates. No ERISA Event
has occurred or is reasonably expected to occur. Except to the extent required under Section 4980B of the Internal Revenue Code or similar state laws, no Employee Benefit Plan provides health or welfare benefits (through the purchase of
insurance or otherwise) for any retired or former employee of Company, any of its Subsidiaries or any of their respective ERISA Affiliates. The present value of the aggregate benefit liabilities under each Pension Plan sponsored, maintained or
contributed to by Company, any of its Subsidiaries or any of their ERISA Affiliates (determined as of the end of the most recent plan year on the basis of the actuarial assumptions specified for funding purposes in the most recent actuarial
valuation for such Pension Plan), did not exceed the aggregate current value of the assets of such Pension Plan. As of the most recent valuation date for each Multiemployer Plan for which the actuarial report is available, the potential liability of
Company, its Subsidiaries and their respective ERISA Affiliates for a complete withdrawal from such Multiemployer Plan (within the meaning of Section 4203 of ERISA), when aggregated with such potential liability for a complete withdrawal from
all Multiemployer Plans, based on information available pursuant to Section 
  

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4221(e) of ERISA is zero. Company, each of its Subsidiaries and each of their ERISA Affiliates have complied with the requirements of Section 515 of
ERISA with respect to each Multiemployer Plan and are not in material “default” (as defined in Section 4219(c)(5) of ERISA) with respect to payments to a Multiemployer Plan. 
 4.21 Certain Fees. 
 No broker’s or finder’s fee or commission will be payable with respect hereto or any of the transactions contemplated hereby. 
 4.22 Solvency. 
 The Credit Parties, taken as a whole, are and, upon the incurrence of any Obligation
by any such Credit Party on any date on which this representation and warranty is made, will be, Solvent. 
 4.23 Related Agreements.

 (a) Delivery. Company has delivered to Administrative Agent and Syndication Agent complete and correct copies of
(i) each Related Agreement and of all exhibits and schedules thereto as of the date hereof and (ii) copies of any material amendment, restatement, supplement or other modification to or waiver of each Related Agreement entered into after
the date hereof. 
 (b) Representations and Warranties. All representations and warranties of Company set forth in the
Acquisition Agreement were true and correct in all material respects as of the time such representations and warranties were made and shall be true and correct in all material respects as of the Closing Date as if such representations and warranties
were made on and as of such date, unless stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date. 
 (c) Governmental Approvals. All Governmental Authorizations and all other authorizations, approvals and consents of any other
Person required by the Related Agreements or to consummate the Acquisition have been obtained and are in full force and effect. 
 (d) Conditions Precedent. On the Closing Date, (i) all of the conditions to effecting or consummating Acquisition set forth in the Related Agreements have been duly satisfied or, with the consent of the Requisite Lenders,
waived, and (ii) Acquisition has been consummated in accordance with the Related Agreements and all applicable laws. 
 4.24
Intellectual Property. 
 (a) Schedule 4.24 lists: (i) all Company Registered Intellectual Property; and
(ii) all material licenses (in and out), sublicenses and other written agreements to which each Company is a party and pursuant to which a Company or any other Person is authorized to use any of the Company Owned Intellectual Property or
exercise any rights with respect thereto, other than licenses of commercially available, off-the-shelf software, or “shrink wrap” end user licenses with a one time license fee of less than $25,000 or annual license fees of less than
$10,000. 
  

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 (b) With respect to each item of Company Owned Intellectual Property, (i) except as
set forth on Schedule 4.24(b) it is owned solely by Company free and clear of any Liens and (ii) each Company has all rights in the Company Owned Intellectual Property necessary to the conduct of the business of Company as it is currently
conducted and (iii) Company and its Subsidiaries have the right to sell, transfer, assign and sublicense, with the right to grant further sublicenses, to any third party, Person or entity any and all rights in Company Owned Intellectual
Property (excluding any Publicly Available Software incorporated therein). 
 (c) Except as set forth in Schedule 4.24(c),
Company and each of its Subsidiaries is in compliance with and has not breached, violated or defaulted under, or received notice that it has breached, violated or defaulted under, any of the material terms or conditions of any license, sublicense or
other agreement to which Company or such Subsidiary is a party or otherwise bound relating to any of the Other Intellectual Property, nor does Company or such Subsidiary have knowledge of any event or occurrence that would reasonably be expected to
constitute such a breach, violation or default (with or without the lapse of time, giving of notice or both). Each such agreement is in full force and effect. Under each contract, license and agreement concerning or relating to Other Intellectual
Property to which Company or its Subsidiaries is a party, Company, its Subsidiaries and their permitted assigns and successors are authorized to exercise all rights necessary to conduct the business of Company as it is currently conducted. Following
the Closing Date, except as set forth in Schedule 4.24(c), Company and its Subsidiaries will be permitted to exercise rights under such contracts, licenses and agreements to the same extent it would have been able to had the transactions
contemplated by this Agreement (including the Acquisition) not occurred and without the payment of any additional amounts or consideration other than fees, royalties or payments which Company or its Subsidiaries would otherwise have been required to
pay had the transactions contemplated by this Agreement not occurred, except in each case as could not reasonably be expected to result in a Material Adverse Effect. Except as set forth in Schedule 4.24(c), neither Company nor its Subsidiaries is
obligated to provide any consideration (whether financial or otherwise) to any third party, nor is any third party otherwise entitled to any consideration, with respect to any exercise of rights by such Company in the Company Owned Intellectual
Property. 
 (d) The use of the Company Owned Intellectual Property and Other Intellectual Property by Company and each of its
Subsidiaries in the conduct of the business of the Company and its Subsidiaries as it is currently conducted does not, to Company’s knowledge, infringe any Intellectual Property rights of another Person or give rise to any claim of unfair
competition. No funds or facilities of any university were used in the development of Company Owned Intellectual Property. Except as set forth in Schedule 4.24(d), no claims (i) challenging the validity, enforceability or ownership by a Company
or any of its Subsidiaries of any of the Company Owned Intellectual Property or (ii) to the effect that the use, reproduction, modification, manufacture, distribution, licensing, sub-licensing, sale, or any other exercise of rights in any
Company Owned Intellectual Property by Company or any of its Subsidiaries, infringes or will infringe on any Intellectual Property right of any Person have been asserted in writing against Company or any of its Subsidiaries or, to each
Company’s knowledge, are threatened by any Person nor, to Company’s knowledge, does there exist any valid basis for such 

  

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a claim. Except as set forth on Schedule 4.24(d), there are no legal or governmental proceedings, including interference, re-examination, reissue,
opposition, nullity, or cancellation proceedings pending or, to the Company’s knowledge, threatened that relate to any of the Company Registered Intellectual Property, other than review of pending patent and trademark applications. All Company
Registered Intellectual Property is subsisting. To Company’s knowledge, there is no unauthorized use, infringement, or misappropriation of any Company Owned Intellectual Property by any third party, employee or former employee. 
 (e) Except as set forth on Schedule 4.24(e), Company and each of its Subsidiaries has secured from all parties (including Employees and
Consultants) who have developed or created any portion of the Company Owned Intellectual Property, valid and enforceable written assignments of any of their respective rights in any such work, invention, improvement, including any Intellectual
Property rights therein, to Company. To Company’s knowledge, no Employee or Consultant of Company or any of its Subsidiaries has incorporated Other Intellectual Property, in whole or in part, into the Company Owned Intellectual Property.

 (f) Except as set forth in Schedule 4.24(f), the transactions contemplated under this Agreement will not materially
adversely alter, impair or otherwise materially adversely affect any rights of Company or any of its Subsidiaries in or to any Company Owned Intellectual Property or Other Intellectual Property. 
 (g) Except as set forth in Schedule 4.24(g), the Company Owned Intellectual Property is not subject to any source code escrow or similar
agreement. 
 (h) Company has taken commercially reasonable measures consistent with industry standards to protect the
proprietary nature and commercial value of the Company Owned Intellectual Property and to maintain in confidence all trade secrets and confidential information owned or used by Company and its Subsidiaries. 
 (i) To Company’s knowledge, neither the Company Owned Intellectual Property nor the Other Intellectual Property contains any
“viruses” that currently affect or will affect the use, sales and other commercial exploitation of Company’s products and services in a manner that reasonably would be expected to result in a Material Adverse Effect. For the purposes
of this Agreement, “virus” means any computer code designed to disrupt, disable or harm in any manner the operation of any software or hardware. To Company’s knowledge, neither the Company Owned Intellectual Property nor the Other
Intellectual Property contains any worm, bomb, backdoor, clock, timer or other disabling device, code, design or routine which causes the software or any portion thereof to be erased, inoperable or otherwise incapable of being used, either
automatically, with the passage of time or upon command by any party. 
 (j) Except as set forth in Schedule 4.24(j):
(i) the Company Owned Intellectual Property does not include any Publicly Available Software; and (ii) no Company (or, to Company’s knowledge, no Employee of Consultant thereof) has used Publicly Available Software in whole or in part
in the development of any part of Company Owned Intellectual Property in a manner that may subject the Company Owned Intellectual Property, in whole or in part, to all or part of the license obligations of any Publicly Available Software. To the
extent that Company has made any additions or modifications to the items set forth on Schedule 4.24(j), 

  

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such additions and modifications are not a material portion of the Company Intellectual Owned Property. Public disclosure and release of the source code for
the items set forth on Schedule 4.24(j), including any additions and modifications, will not materially adversely affect Company’s business as presently conducted or proposed to be conducted. 
 (k) Company’s agreements with Consultants for the performance of professional services on Company’s or customers’ behalf do
not confer upon any Person other than a Company any ownership right with respect to any Intellectual Property developed in connection with such agreement or license. 
 4.25 Compliance with Statutes, etc. Each of Company and its Subsidiaries is in compliance with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all Governmental
Authorities, in respect of the conduct of its business and the ownership of its property (including compliance with all applicable Environmental Laws with respect to any Real Estate Asset or governing its business and the requirements of any permits
issued under such Environmental Laws with respect to any such Real Estate Asset or the operations of Company or any of its Subsidiaries), except such non-compliance that, individually or in the aggregate, could not reasonably be expected to result
in a Material Adverse Effect. 
 4.26 Disclosure. No information, report, financial statement, certificate, Notice, exhibit or
schedule furnished by or on behalf of Company to the Administrative Agent or any Lender in connection with the negotiation of any Credit Document or included therein or delivered pursuant thereto, taken as a whole, contained or contains any material
misstatement of fact or omitted or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were or are made, not misleading as of the date such information is dated or certified;
provided that to the extent any such information, report, financial statement, exhibit or schedule was based upon or constitutes a forecast or projection, Company represents only that it acted in good faith and utilized reasonable assumptions
and due care in the preparation of such information, report, financial statement, exhibit or schedule. 
 4.27 Patriot Act. To the
extent applicable, each Credit Party is in compliance, in all material respects, with the (i) Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the Untied States Treasury Department (31 CFR, Subtitle
B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (ii) Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act of 2001).
No part of the proceeds of the Loans will be used, 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. 
  

	SECTION 5. 	AFFIRMATIVE COVENANTS 

 Each Credit Party covenants
and agrees that until payment in full in cash of all Obligations, each Credit Party shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 5. 
  

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 5.1 Financial Statements and Other Reports. 
 Company will deliver to Administrative Agent and Lenders: 
 (a) Monthly Reports. As soon as available, and in any event within 30 days after the end of each month ending after the Closing
Date, the consolidated balance sheet of Company and its Subsidiaries as at the end of such month and the related consolidated statements of income, stockholders’ equity and cash flows of Company and its Subsidiaries for such month and for the
period from the beginning of the then current Fiscal Year to the end of such month, setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year and the corresponding figures from
the Financial Plan for the current Fiscal Year, to the extent prepared on a monthly basis, all in reasonable detail, together with a Financial Officer Certification with respect thereto; 
 (b) Quarterly Financial Statements. As soon as available, and in any event within 45 days after the end of each of the first three
Fiscal Quarters of each Fiscal Year, the consolidated balance sheets of Company and its Subsidiaries as at the end of such Fiscal Quarter and the related consolidated (and with respect to statements of income, (i) consolidating statements of
Guarantor and non-Guarantor subsidiaries shall be provided and (ii) the components of total revenue generated by each of the Company’s products and software programs shall be provided) statements of income, stockholders’ equity and
cash flows of Company and its Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the corresponding figures for
the corresponding periods of the previous Fiscal Year and the corresponding figures from the Financial Plan for the current Fiscal Year, all in reasonable detail, together with a Financial Officer Certification and a Narrative Report with respect
thereto; 
 (c) Annual Financial Statements. As soon as available, and in any event within 120 days after the end of
each Fiscal Year, (i) the consolidated balance sheets of Company and its Subsidiaries as at the end of such Fiscal Year and the related consolidated (and with respect to statements of income, consolidating) statements of income,
stockholders’ equity and cash flows of Company and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year and the corresponding figures from the Financial
Plan for the Fiscal Year covered by such financial statements, in reasonable detail, together with a Financial Officer Certification and a Narrative Report with respect thereto; and (ii) with respect to such consolidated financial statements a
report thereon from an independent certified public accountants of recognized national standing selected by Company, and reasonably satisfactory to the Requisite Lenders (which report shall be unqualified as to going concern and scope of audit, and
shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of Company and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows
for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accountants in connection with such consolidated financial
statements has been made in accordance with generally accepted auditing standards) together with a written statement by such independent certified public accountants stating (1) that their audit examination has included a 

  

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review of the terms of the Credit Documents, (2) whether, in connection therewith, any condition or event that constitutes a Default or an Event of
Default has come to their attention and, if such a condition or event has come to their attention, specifying the nature and period of existence thereof, and (3) that nothing has come to their attention that causes them to believe that the
information contained in any Compliance Certificate is not correct or that the matters set forth in such Compliance Certificate are not stated in accordance with the terms hereof (it being understood that such statement shall be subject to
qualifications customarily included in such statements and/or reports and limited to the items that independent certified public accountants are permitted to cover in such statements pursuant to their professional standards and customs of the
profession); provided however that the statements described in clauses (1) through (3) above shall not be required if making such statements is contrary to the then current recommendations of the American Institute of Certified
Public Accountants; 
 (d) Compliance Certificate. Together with each delivery of financial statements of Company and
its Subsidiaries pursuant to Sections 5.1(b) and 5.1(c), a duly executed and completed Compliance Certificate; 
 (e)
Statements of Reconciliation after Change in Accounting Principles. If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial
statements of Company and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such
change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance
reasonably satisfactory to the Requisite Lenders; 
 (f) Notice of Default. Promptly upon any Officer of Company
obtaining knowledge (i) of any condition or event that constitutes a Default or an Event of Default or that notice has been given to Company with respect thereto; (ii) that any Person has given any notice to Company or any of its
Subsidiaries or taken any other action with respect to any event or condition set forth in Section 8.1(b); or (iii) of the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate, a Material
Adverse Effect, a certificate of its Authorized Officer specifying the nature and period of existence of such condition, event or change, or specifying the notice given and action taken by any such Person and the nature of such claimed Event of
Default, Default, default, event or condition, and what action Company has taken, is taking and proposes to take with respect thereto; 
 (g) Notice of Litigation. Promptly upon any Officer of Company obtaining knowledge of (i) the institution of, or non-frivolous threat of, any Adverse Proceeding not previously disclosed in writing by
Company to Lenders, or (ii) any material development in any Adverse Proceeding that, in the case of either clause (i) or (ii), if adversely determined could be reasonably expected to have a Material Adverse Effect, or seeks to enjoin or
otherwise prevent the consummation of, or to recover any damages or obtain relief as a result of, the transactions contemplated hereby, written notice thereof together with such other information as may be reasonably available to Company to enable
Lenders and their counsel to evaluate such matters; 
  

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 (h) ERISA. (i) Promptly upon any Officer becoming aware of the occurrence of
or forthcoming occurrence of any ERISA Event, a written notice specifying the nature thereof, what action Company, any of its Subsidiaries or any of their respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto and,
when known, any action taken or threatened by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto; and (ii) with reasonable promptness, copies of (1) each Schedule B (Actuarial Information) to the
annual report (Form 5500 Series) filed by Company, any of its Subsidiaries or any of their respective ERISA Affiliates with the Internal Revenue Service with respect to each Pension Plan; (2) all notices received by Company, any of its
Subsidiaries or any of their respective ERISA Affiliates from a Multiemployer Plan sponsor concerning an ERISA Event; and (3) copies of such other documents or governmental reports or filings relating to any Employee Benefit Plan as the
Requisite Lenders shall reasonably request; 
 (i) Financial Plan. As soon as practicable and in any event no later
than thirty days after to the beginning of each Fiscal Year, a consolidated plan and financial forecast for such Fiscal Year and each Fiscal Year (or portion thereof) through the final maturity date of the Loans (a “Financial
Plan”), including (i) a forecasted consolidated balance sheet and forecasted consolidated statements of income and cash flows of Company and its Subsidiaries for each such Fiscal Year, together with pro forma Compliance Certificates
for each such Fiscal Year and an explanation of the assumptions on which such forecasts are based; 
 (j) Insurance
Report. As soon as practicable after any material change in insurance coverage maintained by Company and its Subsidiaries notice thereof to Administrative Agent specifying the changes and the reasons therefore; 
 (k) Notice of Change in Board of Directors. With reasonable promptness, written notice of any change in the board of directors (or
similar governing body) of Company; 
 (l) Notice Regarding Material Contracts. Promptly, and in any event within ten
Business Days after any Material Contract of Company or any of its Subsidiaries is terminated or amended in a manner that could reasonably be expected to have a Material Adverse Effect, and an explanation of any actions being taken with respect
theretoreto; 
 (m) Information Regarding Collateral. (a) Company will furnish to Collateral Agent prompt written
notice of any change (i) in any Credit Party’s corporate name, (ii) in any Credit Party’s identity or corporate structure or (iii) in any Credit Party’s Federal Taxpayer Identification Number. Company agrees not to
effect or permit any change referred to in the preceding sentence unless all filings have been made under the Uniform Commercial Code or otherwise that are required in order for Collateral Agent to continue at all times following such change to have
a valid, legal and perfected security interest in all the Collateral and for the Collateral at all times following such change to have a valid, legal and perfected security interest as contemplated in the Collateral Documents. Company also agrees
promptly to notify Collateral Agent if any material portion of the Collateral is damaged or destroyed; 
 (n) Annual
Collateral Verification. Each year, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(c), Company shall deliver to Collateral Agent a certificate of its Authorized
Officer (i) either 

  

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confirming that there has been no change in such information since the Closing Date or the date of the most recent certificate delivered pursuant to this
Section and/or identifying such changes, or (ii) certifying that all Uniform Commercial Code financing statements (including fixtures filings, as applicable) or other appropriate filings, recordings or registrations, have been filed of record
in each governmental, municipal or other appropriate office in each jurisdiction identified pursuant to clause (i) above to the extent necessary to protect and perfect the security interests under the Collateral Documents for a period of not
less than 18 months after the date of such certificate (except as noted therein with respect to any continuation statements to be filed within such period). Company agrees to record and file, at its own expense, financing statements (and
continuation statements when applicable) with respect to the Collateral now existing or hereafter created meeting the requirements of applicable state law in such manner and in such jurisdictions as are necessary to perfect, and maintain perfected
the Collateral, and to deliver a file stamped copy of each such financing statement or other evidence of filing to the Agents. The Agents shall be under no obligation whatsoever to file such financing or continuation statements or to make any other
filing under the UCC; and 
 (o) Other Information. With reasonable promptness, such other information and data with
respect to Company or any of its Subsidiaries as from time to time may be reasonably requested by Administrative Agent or any Lender. 
 5.2 Existence. 
 Except as otherwise permitted under Section 6.9, each Credit Party will, and will cause
each of its Subsidiaries to, at all times preserve and keep in full force and effect its existence and all rights and franchises, licenses and permits material to its business; provided, no Credit Party or any of its Subsidiaries shall be
required to preserve any such existence, right or franchise, licenses and permits if such Person’s board of directors (or similar governing body) shall determine that the preservation thereof is no longer desirable in the conduct of the
business of such Person, and that the loss thereof is not disadvantageous in any material respect to such Person or to Lenders. 
 5.3
Payment of Taxes and Claims. Each Credit Party will, and will cause each of its Subsidiaries to, pay all Taxes imposed upon it or any of its properties or assets or in respect of any of its income, businesses or franchises before any penalty
accrues thereon, and all claims (including claims for labor, services, materials and supplies) for sums that have become due and payable and that by law have or may become a Lien upon any of its properties or assets, prior to the time when any
penalty or fine shall be incurred with respect thereto; provided that no such Tax, assessment, charge or claim need be paid if it is being contested in good faith by appropriate proceedings promptly instituted and diligently conducted, so
long as (a) adequate reserve or other appropriate provision, as shall be required in conformity with GAAP shall have been made therefor, and (b) in the case of a Tax or claim which has or may become a Lien against any of the Collateral,
such contest proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such Tax or claim. No Credit Party will, nor will it permit any of its Subsidiaries to, file or consent to the filing of any consolidated
income tax return with any Person (other than Company or any of its Subsidiaries). Neither Company nor Holdings will treat or report the transactions contemplated by this Credit Agreement or the Acquisition Agreement as constituting a “tax
shelter” within the meaning of Section 6111(c), Section 
  

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6111(d) or Section 6662(d)(2)(C)(iii) of the Code, or a “reportable transaction” within the meaning of Treasury Regulation
Section 1.6011-4, unless Company has provided the Lenders and the Administrative Agent written notice of its intent to treat or report such transactions as such, as well as its reasons (which may be given orally or
in writing) for such treatment or reporting. 
 5.4 Maintenance of Properties. 
 Each Credit Party will, and will cause each of its Subsidiaries to, maintain or cause to be maintained in good repair, working order and
condition, ordinary wear and tear excepted, all material properties used or useful in the business of Company and its Subsidiaries; provided that nothing in this Section 5.4 shall prevent sales of property, consolidations or mergers by
or involving a Credit Party in accordance with Section 6.9. 
 5.5 Insurance. 
 Company will maintain or cause to be maintained, with financially sound and reputable insurers, such public liability insurance, third
party property damage insurance, business interruption insurance and casualty insurance with respect to liabilities, losses or damage in respect of the assets, properties and businesses of Company and its Subsidiaries as may customarily be carried
or maintained under similar circumstances by Persons of established reputation engaged in similar businesses, in each case in such amounts (giving effect to self-insurance), with such deductibles, covering such risks and otherwise on such terms and
conditions as shall be customary for such Persons. Without limiting the generality of the foregoing, Company will maintain or cause to be maintained replacement value casualty insurance on the Collateral under such policies of insurance, with such
insurance companies, in such amounts, with such deductibles, and covering such risks as are at all times carried or maintained under similar circumstances by Persons of established reputation engaged in similar businesses. Except as approved by the
Requisite Lenders, each such policy of insurance shall (i) name Collateral Agent, on behalf of Secured Parties as an additional insured thereunder as its interests may appear and (ii) in the case of each casualty insurance policy, contain
a loss payable clause or endorsement, satisfactory in form and substance to the Requisite Lenders, that names Collateral Agent, on behalf of Lenders as the loss payee thereunder and provides for at least thirty days’ prior written notice to
Collateral Agent of any modification or cancellation of such policy. 
 5.6 Inspections. 
 Each Credit Party will, and will cause each of its Subsidiaries to, permit any authorized representatives designated by a majority of the
Lenders to visit and inspect any of the properties of any Credit Party and any of its respective Subsidiaries, to inspect, copy and take extracts from its and their financial and accounting records, and to discuss its and their affairs, finances and
accounts with its and their officers and independent public accountants, all upon reasonable notice and at such reasonable times during normal business hours and as often as may reasonably be requested; provided, that, unless an Event of Default
shall have occurred and be continuing, the representative of the Lenders shall be permitted to so visit and inspect any such properties no more than two times per fiscal year. Company shall be permitted to have a representative present at all such
discussions and visits. 
  

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 5.7 Lenders Meetings. 
 Company will, upon the request of Requisite Lenders, participate in a meeting of Administrative Agent and Lenders once during each Fiscal
Year to be held at Company’s corporate offices (or at such other location as may be agreed to by Company and Administrative Agent) at such time as may be agreed to by Company and Administrative Agent. 
 5.8 Compliance with Laws. 
 Each Credit Party will comply, and shall cause each of its Subsidiaries and all other Persons, if any, on or occupying any Facilities to comply, with the requirements of all applicable laws, rules, regulations and orders of any Governmental
Authority (including all Environmental Laws), noncompliance with which could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 5.9 Subsidiaries. 
 In the event that any Person becomes a Subsidiary of Company and
is organized under the laws of any state in the United States (or becomes a foreign Subsidiary that guarantees any Indebtedness of Company), Company shall within 30 days (a) cause such Subsidiary to become a Guarantor hereunder and a
Grantor under the Pledge and Security Agreement by executing and delivering to Administrative Agent and Collateral Agent a Counterpart Agreement, and (b) take all such actions and execute and deliver, or cause to be executed and delivered, all
such documents, instruments, agreements, and certificates as are similar to those described in Sections 3.1(b), 3.1(h), 3.1(i), 3.1(j), 3.1(l) and 3.1(m). Notwithstanding the foregoing, this Section 5.9 shall not apply to any Subsidiary of
Company that has assets with a fair market value of less than $25,000. 
  

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 5.10 Additional Material Real Estate Assets. 
 In the event that any Credit Party acquires a Material Real Estate Asset or a Real Estate Asset owned or leased on the Closing Date
becomes a Material Real Estate Asset and such interest has not otherwise been made subject to the Lien of the Collateral Documents in favor of Collateral Agent, for the benefit of Secured Parties, then such Credit Party within thirty (30) days
of acquiring such Material Real Estate Asset or such Real Estate Asset becoming a Material Real Estate Asset shall take all such actions and execute and deliver, or cause to be executed and delivered, all such mortgages, documents, instruments,
agreements, opinions and certificates, including a Mortgage, with respect to each such Material Real Estate Asset that the Requisite Lenders shall reasonably request to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid
and, subject to any filing and/or recording referred to herein, perfected First Priority security interest in such Material Real Estate Assets. In addition to the foregoing, Company shall, at the request of Requisite Lenders, deliver, from time to
time, to Administrative Agent such appraisals as are required by law or regulation of Real Estate Assets with respect to which Collateral Agent has been granted a Lien. 
 5.11 Further Assurances. 
 At any time or from time to time upon the reasonable
request of Requisite Lenders, each Credit Party will, at its expense, promptly execute, acknowledge and deliver such further documents and do such other acts and things as Requisite Lenders may reasonably request in order to effect fully the
purposes of the Credit Documents. In furtherance and not in limitation of the foregoing, each Credit Party shall take such actions as Requisite Lenders may reasonably request from time to time to ensure that the Obligations are guarantied by the
Guarantors and are secured by substantially all of the assets of Company, and its Subsidiaries and all of the outstanding Capital Stock of Company and its Subsidiaries (subject to limitations contained in the Credit Documents with respect to Foreign
Subsidiaries). 
 5.12 Key Man Life Insurance. 
 (a) Key Man Life Insurance. Within 60 days following the Closing Date, the Company shall obtain no less than $35,000,000 of key man
life (“Key Man Life Insurance”) insurance on Donald Yonce (or such other amount as can be purchased with $35,000 per year in insurance payments) having terms and conditions reasonably satisfactory to the Lenders. 
 (b) Maintenance of Key Man Life Insurance. Company will maintain or cause to be maintained, with financially sound and reputable
insurers, life insurance on Donald Yonce in an amount no less than $35,000,000 (or such other amount as can be purchased with $35,000 per year in insurance payments) and with terms and conditions reasonably satisfactory to the Lenders. 

 

	SECTION 6. 	NEGATIVE COVENANTS 

 Each Credit Party covenants and
agrees that until payment in full of all Obligations, such Credit Party shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 6. 
  

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 6.1 Indebtedness. 
 No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, create, incur, assume or guaranty, or
otherwise become or remain directly or indirectly liable with respect to any Indebtedness, except: 
 (a)(i) the Obligations
and (ii) Indebtedness incurred under the Second Lien Credit Agreement; 
 (b) Indebtedness outstanding on the Closing
Date and listed on Schedule 6.1; 
 (c) Indebtedness under Hedging Obligations that are designed to protect against
fluctuations in interest rates, foreign currency exchange rates or commodity prices, in each case not entered into for speculative purposes; provided that if such Hedging Obligations relate to interest rates, (a) such Hedging Obligations
relate to payment obligations on Indebtedness otherwise permitted to be incurred by the Credit Documents and (b) the notional principal amount of such Hedging Obligations at the time incurred does not exceed the principal amount of the
Indebtedness to which such Hedging Obligations relate; 
 (d) Indebtedness permitted by Section 6.7(f) and
Section 6.7(g); 
 (e) Indebtedness in respect of Purchase Money Obligations and Capital Lease Obligations, and
refinancings or renewals thereof, in an aggregate amount not to exceed $250,000 at any time outstanding; 
 (f) Contingent
Obligations of any Credit Party in respect of Indebtedness otherwise permitted under this Section 6.1; 
 (g)
Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business;
provided, however, that such Indebtedness is extinguished within five Business Days of incurrence; and 
 (h)
Indebtedness of the Credit Parties and Non-Guarantor Subsidiaries arising in connection with endorsement of instruments for deposit in the ordinary course of business; 
 (i) Indebtedness acquired or assumed in connection with any Permitted Acquisition in an aggregate principal amount not in excess of
$5,000,000 at any time outstanding; provided, that such Indebtedness existed at the time of such Permitted Acquisition and was not created in connection therewith or in contemplation thereof; 
 (j) unsecured subordinated Indebtedness of the Credit Parties that is subordinated in right of payment to Obligations, the proceeds of
which are used to finance the cash consideration payable in a Permitted Acquisition (including the refinancing of Indebtedness of the acquired Subsidiary and the payment of related fees and expenses) in an aggregate principal amount, not in excess
of $5,000,000 at any time outstanding; provided, that such Indebtedness (i) matures after the six-month anniversary of the Maturity Date, (ii) requires no scheduled payment of principal prior to its maturity, (iii) contains
subordination provisions that are reasonably 

  

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acceptable to the Requisite Lenders and (iv) does not require the issuer thereof or any other obligor thereon to maintain any specified financial
condition or performance (other than as a condition to the taking of certain actions); 
 (k) additional unsecured
subordinated Indebtedness of the Credit Parties the proceeds of which are used to prepay outstanding Loans pursuant to Section 2.9; provided, that such Indebtedness (i) matures after the six-month anniversary of the Maturity Date,
(ii) requires no scheduled payment of principal prior to its maturity, (iii) contains subordination provisions that are reasonably acceptable to the Requisite Lenders and (iv) does not require the issuer thereof or any other obligor
thereon to maintain any specified financial condition or performance (other than as a condition to the taking of certain actions); 
 (l) other unsecured Indebtedness of the Credit Parties in an aggregate principal amount not exceeding $1,000,000 at any time outstanding; 
 (m) up to $250,000 of Indebtedness constituting reimbursement obligations with respect to letters of credit issued in the ordinary course of business; provided, that (i) upon the drawing of such letters of
credit or the incurrence of such Indebtedness, such obligations are reimbursed within 30 days following such drawing or incurrence and (ii) such letters of credit are not provided to secure the repayment of other Indebtedness of the Company or
any of its Subsidiaries; 
 (n) Permitted Refinancing Indebtedness incurred to extend, renew or refinance any Indebtedness
described clauses (a), (b), (i), (j), (k) and (l) above; 
 (o) Indebtedness that may be deemed to arise as a result
of agreements of Company or any Domestic Subsidiary of Company providing for indemnification, adjustment of purchase price or any similar obligations, in each case, incurred in connection with the disposition of any business, assets or Equity
Interests of any Subsidiary; provided that the aggregate maximum liability associated with such provisions may not exceed the gross proceeds (including non-cash proceeds) of such disposition; 
 (p) Indebtedness in respect of (i) workers’ compensation claims, self-insurance obligations, bankers’ acceptance and
(ii) performance and surety bonds provided by Company or a Domestic Subsidiary in the ordinary course of business; and 
 (q) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument (except in the case of daylight overdrafts) inadvertently drawn against insufficient funds in the ordinary course of
business, so long as such Indebtedness is covered within five Business Days; 
 6.2 Liens. 
 No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist
any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of Company or any of its Subsidiaries, whether now owned or hereafter acquired, or any income or
profits therefrom, or file or permit the filing of, or permit to remain in effect, any 

  

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financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the UCC of any State or under any
similar recording or notice statute, except: 
 (a) Liens in favor of Collateral Agent (i) for the benefit of Secured
Parties granted pursuant to any Credit Document or (ii) securing Indebtedness and other obligations under the Second Lien Credit Agreement; 
 (b) Liens for Taxes if obligations with respect to such Taxes are being contested in good faith by appropriate proceedings promptly instituted and diligently conducted; 
 (c) statutory Liens of landlords, banks (and rights of set-off), of carriers, warehousemen, mechanics, repairmen, workmen and materialmen,
and other Liens imposed by law (other than any such Lien imposed pursuant to Section 401 (a)(29) or 412(n) of the Internal Revenue Code or by ERISA), in each case incurred in the ordinary course of business (i) for amounts not yet overdue
or (ii) for amounts that are overdue and that (in the case of any such amounts overdue for a period in excess of five days) are being contested in good faith by appropriate proceedings, so long as such reserves or other appropriate provisions,
if any, as shall be required by GAAP shall have been made for any such contested amounts; 
 (d) Liens incurred in the
ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security, or to secure the performance of tenders, statutory obligations, surety and appeal bonds, bids, leases, government
contracts, trade contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money or other Indebtedness), so long as no foreclosure, sale or similar proceedings have been
commenced with respect to any portion of the Collateral on account thereof; 
 (e) easements, rights-of-way, restrictions,
encroachments, and other minor defects or irregularities in title, in each case which do not and will not interfere in any material respect with the ordinary conduct of the business of Company or any of its Subsidiaries; 
 (f) any interest or title of a lessor or sublessor under any lease of real estate permitted hereunder; 
 (g) Liens solely on any cash earnest money deposits made by Company or any of its Subsidiaries in connection with any letter of intent or
purchase agreement permitted hereunder; 
 (h) purported Liens evidenced by the filing of precautionary UCC financing
statements relating solely to operating leases of personal property entered into in the ordinary course of business; 
 (i)
Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; 
 (j) any zoning or similar law or right reserved to or vested in any governmental office or agency to control or regulate the use of any
real property; 
  

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 (k) licenses of patents, trademarks and other intellectual property rights granted by
Company or any of its Subsidiaries in the ordinary course of business and not interfering in any respect with the ordinary conduct of the business of Company or such Subsidiary; 
 (l) Liens described in Schedule 6.2; 
 (m) Liens securing Indebtedness permitted pursuant to Section 6.1(e); provided, any such Lien shall encumber only the asset acquired with the proceeds of such Indebtedness and other assets acquired with
Indebtedness permitted under Section 6.1(e) owing to the same Person or an Affiliate of such Person; 
 (n) other
Liens on assets other than the Collateral securing Indebtedness in an aggregate amount not to exceed $1,000,000 at any time outstanding; and 
 (o) Liens encumbering deposits made to secure obligations arising from statutory, regulatory, contractual or warranty requirements of the Company or any of its Domestic Subsidiaries, including rights of offset and
set-off; and 
 (p) Liens on property (including Capital Stock) existing at the time of acquisition of the property by Company
or any Domestic Subsidiary of Company; provided that such Liens were in existence prior to, such acquisition, and not incurred in contemplation of, such acquisition. 
 6.3 Equitable Lien. 
 If any Credit Party or any of its Subsidiaries shall create or
assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than Permitted Liens, it shall make or cause to be made effective provisions whereby the Obligations will be secured by such Lien equally and
ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so secured; provided, notwithstanding the foregoing, this covenant shall not be construed as a consent by Requisite Lenders to the creation
or assumption of any such Lien not otherwise permitted hereby. 
 6.4 No Further Negative Pledges. 
 Except with respect to (a) specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an
executed agreement with respect to a permitted Asset Sale, (b) restrictions by reason of customary provisions restricting assignments, subletting or other transfers contained in leases, licenses and similar agreements entered into in the
ordinary course of business (provided that such restrictions are limited to the property or assets secured by such Liens or the property or assets subject to such leases, licenses or similar agreements, as the case may be) and
(c) restrictions contained in the Second Lien Credit Agreement, no Credit Party nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets to secure the
Obligations, whether now owned or hereafter acquired. 
  

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 6.5 Restricted Junior Payments. 
 Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, declare, order, pay, make or set apart any sum
for any Restricted Junior Payment; provided that, Company may, make Restricted Junior Payments to Holdings (i) in an aggregate amount not to exceed $500,000 in any Fiscal Year, to the extent necessary to permit Holdings to pay general
administrative costs and expenses, (ii) to the extent necessary to permit Holdings to discharge the consolidated tax liabilities of Holdings and its Subsidiaries, in each case so long as (a) Holdings applies the amount of any such
Restricted Junior Payment for such purpose and (b) the amount of such Restricted Junior Payment does not exceed the amount of the consolidated tax liabilities of Holdings that are attributable to the Company and the Company’s Subsidiaries,
and (iii) so long as no Default or Event of Default shall have occurred and be continuing or shall be caused thereby, in order for Holdings to repurchase or redeem outstanding shares of Capital Stock (or options to purchase Capital Stock) of
Holdings owned by current or former employees, officers, or directors of Holdings or any of its Subsidiaries pursuant to any management equity subscription agreement, stock option agreement or similar equity agreement, shareholders agreement or
benefit plan, provided that the aggregate amount of all Restricted Junior Payments paid pursuant to this subclause (iii) in any Fiscal Year shall not exceed $50,000 plus the amount of any net cash proceeds received by Holdings in such
Fiscal Year from the sale of Capital Stock of Holdings to any and all such employees, officers or directors that do not constitute an Excluded Issuance(it being understood, however, that unused amounts permitted to be paid pursuant to this proviso
are Holdings available to be carried over to subsequent Fiscal Years). 
 6.6 Restrictions on Subsidiary Distributions. 
 Except as provided herein, no Credit Party shall, nor shall it permit any of its Subsidiaries to, create or otherwise cause or suffer to
exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary of Company to (a) pay dividends or make any other distributions on any of such Subsidiary’s Capital Stock owned by Company or
any other Subsidiary of Company, (b) repay or prepay any Indebtedness owed by such Subsidiary to Company or any other Subsidiary of Company, (c) make loans or advances to Company or any other Subsidiary of Company, or (d) transfer any
of its property or assets to Company or any other Subsidiary of Company other than restrictions (i) in agreements evidencing Indebtedness permitted by Section 6.1(k) that impose restrictions on the property so acquired, (ii) by reason
of customary provisions restricting assignments, subletting or other transfers contained in leases, licenses, joint venture agreements and similar agreements entered into in the ordinary course of business, (iii) that are or were created by
virtue of any transfer of, agreement to transfer or option or right with respect to any property, assets or Capital Stock not otherwise prohibited under this Agreement and (iv) contained in the Second Lien Credit Agreement 
 6.7 Investments. 
 Directly or indirectly, lend money or credit (by way of guarantee or otherwise) or make advances to any person, or purchase or acquire any stock, bonds, notes, debentures or other obligations or securities of, or any other interest in, or
make any capital contribution to, any other person, or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract (all of the
foregoing, collectively, “Investments”), except that the following shall be permitted:   
 (a)
Company may consummate the Acquisition in accordance with the provisions of the Acquisition Agreement; 
  

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 (b) Investments outstanding on the Closing Date and identified on
Schedule 6.7; 
 (c) Company may (i) acquire and hold accounts receivables owing to any of them if created or
acquired in the ordinary course of business and payable or dischargeable in accordance with customary terms, (ii) invest in, acquire and hold cash and Cash Equivalents, (iii) endorse negotiable instruments held for collection in the
ordinary course of business or (iv) make lease, utility and other similar deposits in the ordinary course of business; 
 (d) Hedging Obligations incurred pursuant to Section 6.1; 
 (e) loans and advances to directors,
employees and officers of Company and the Subsidiaries for (i) bona fide business purposes (but without duplication of amounts referred to in clause (ii)), in an aggregate amount not to exceed $250,000 at any time outstanding, and
(ii) to purchase Capital Stock of Company, in aggregate amount not to exceed $500,000 at any time outstanding; 
 (f)
Investments (i) by Company in any Guarantor, (ii) by any Subsidiary in Company or any Guarantor, (iii) by a Guarantor in another Guarantor and (iv) by a Subsidiary that is not a Subsidiary Guarantor in any other Subsidiary that
is not a Subsidiary Guarantor; provided that any Investment in the form of a loan or advance shall be evidenced by the Intercompany Note and, in the case of a loan or advance by a Credit Party, pledged by such Credit Party as Collateral
pursuant to the Collateral Documents; 
 (g) Investments by Company or any Guarantor in a Wholly-Owned Subsidiary of Company
that is not a Guarantor; provided that the aggregate amount of all Investments made in any such Subsidiary pursuant to this clause (g) shall not exceed $500,000 plus the Net Proceeds of all Excluded Issuances used to finance Capital
Expenditure of such Subsidiary and the aggregate amount of all Investments made pursuant to this clause (g) shall not exceed $1,500,000 plus the Net Proceeds of all Excluded Issuances used to finance Capital Expenditures of all such
Subsidiaries; provided further that any Investment in the form of a loan or advance shall be evidenced by the Intercompany Note and, in the case of a loan or advance by a Credit Party, pledged by such Credit Party as Collateral pursuant to
the Collateral Documents; 
 (h) Investments in securities of trade creditors or customers in the ordinary course of business
and consistent with Company’s past practices that are received in settlement of bona fide disputes or pursuant to any plan of reorganization or liquidation or similar arrangement upon the bankruptcy or insolvency of such trade creditors
or customers; 
 (i) Investments made by Company or any Subsidiary as a result of consideration received in connection with an
Asset Sale made in compliance with this Agreement; 
 (j) other investments in an aggregate amount not to exceed $500,000 at
any time outstanding; 
  

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 (k) Investments in joint ventures or similar arrangements in an aggregate amount at any
time outstanding not to exceed $500,000; and 
 (l) Investments constituting a Permitted Acquisition. 
 6.8 Financial Covenants. 
 (a) Interest Coverage Ratio. Company shall not permit the Interest Coverage Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter commencing January 1, 2006, to be less than the correlative ratio
indicated: 
  

				
	 Fiscal Quarter
	  	Interest
Coverage Ratio	 
	 Q1 2006
	  	2.50	x
	 Q2 2006
	  	2.50	x
	 Q3 2006
	  	2.50	x
	 Q4 2006
	  	2.50	x
	 Q1 2007
	  	2.60	x
	 Q2 2007
	  	2.70	x
	 Q3 2007
	  	2.80	x
	 Q4 2007
	  	3.00	x
	 Q1 2008
	  	3.00	x
	 Q2 2008
	  	3.25	x
	 Q3 2008
	  	3.50	x
	 Q4 2008
	  	3.50	x
	 Q1 2009
	  	3.50	x
	 Q2 2009
	  	3.50	x
	 Q3 2009
	  	3.50	x
	 Q4 2009
	  	3.50	x
	 Q1 2010
	  	3.50	x
	 Q2 2010
	  	3.50	x
	 Q3 2010
	  	3.50	x
	 Q4 2010
	  	3.50	x
	 Q1 2011
	  	3.50	x
	 Q2 2011
	  	3.50	x
	 Q3 2011
	  	3.50	x
	 Q4 2011
	  	3.50	x

  

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 (b) Leverage Ratio. Company shall not permit the Leverage Ratio as of the last day
of any Fiscal Quarter, beginning with the Fiscal Quarter commencing January 1, 2006, to exceed the correlative ratio indicated: 
  

				
	 Fiscal Quarter
	  	Leverage Ratio	 
	 Q1 2006
	  	4.50	x
	 Q2 2006
	  	4.50	x
	 Q3 2006
	  	4.50	x
	 Q4 2006
	  	4.40	x
	 Q1 2007
	  	4.25	x
	 Q2 2007
	  	4.00	x
	 Q3 2007
	  	3.80	x
	 Q4 2007
	  	3.60	x
	 Q1 2008
	  	3.50	x
	 Q2 2008
	  	3.40	x
	 Q3 2008
	  	3.25	x
	 Q4 2008
	  	3.10	x
	 Q1 2009
	  	3.00	x
	 Q2 2009
	  	3.00	x
	 Q3 2009
	  	2.80	x
	 Q4 2009
	  	2.75	x
	 Q1 2010
	  	2.60	x
	 Q2 2010
	  	2.50	x
	 Q3 2010
	  	2.50	x
	 Q4 2010
	  	2.50	x
	 Q1 2011
	  	2.35	x
	 Q2 2011
	  	2.25	x
	 Q3 2011
	  	2.25	x
	 Q4 2011
	  	2.10	x

 (c) Maximum Consolidated Capital Expenditures. Company shall not, and shall
not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year indicated below, in an aggregate amount for Company and its Subsidiaries in excess of the corresponding amount set forth below opposite such Fiscal
Year; provided, such amount for any Fiscal Year shall be increased by an amount equal to 75% of the excess, if any, of such amount for the previous Fiscal Year and not any year before the previous Fiscal Year (as adjusted in accordance with
this proviso) over the actual amount of Consolidated Capital Expenditures for such previous Fiscal Year: 
  

				
	 Fiscal Year
	  	Consolidated Capital
Expenditures
	 2006
	  	$	1,500,000
	 2007
	  	$	2,000,000
	 2008
	  	$	2,500,000
	 2009
	  	$	3,000,000
	 2010
	  	$	3,500,000
	 2011
	  	$	4,000,000

  

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 6.9 Fundamental Changes; Disposition of Assets. 
 No Credit Party shall, nor shall it permit any of its Subsidiaries to, enter into any transaction of merger or consolidation, or
liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease or sub-lease (as lessor or sublessor), exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any
part of its business, assets or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired, except: 
 (a) any Subsidiary of Company may be merged with or into Company or any Guarantor Subsidiary, or any Subsidiary of Company may be
liquidated, wound up or dissolved, or all or any part of its business, property or assets may be conveyed, sold, leased, transferred or otherwise disposed of, in one transaction or a series of transactions, to Company or any Guarantor Subsidiary;
provided, in the case of such a merger, Company or such Guarantor Subsidiary, as applicable shall be the continuing or surviving Person; 
 (b) sales or other dispositions of assets that do not constitute Asset Sales; 
 (c) Asset
Sales, the proceeds of which (valued at the 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) (i) are less than
$250,000 with respect to any single Asset Sale or series of related Asset Sales and (ii) when aggregated with the proceeds of all other Asset Sales made within the same Fiscal Year, are less than $500,000; provided (1) the
consideration received for such assets shall be in an amount at least equal to the fair market value thereof (determined in good faith by the board of directors of Company (or similar governing body)), (2) no less than 50% thereof shall be paid
in Cash, and (3) the Net Asset Sale Proceeds thereof shall be applied as required by Section 2.10(a); 
 (d)
disposals of obsolete, worn out or surplus property; 
 (e) in order to resolve disputes that occur in the ordinary course of
business, Company and its Subsidiaries may discount or otherwise compromise for less than the face value thereof, notes or accounts receivable; and 
 (f) any Person may be merged with or into Company or any Subsidiary if the acquisition of the Capital Stock of such Person by Company or such Subsidiary would have been permitted pursuant to Section 6.7;
provided that (a) in the case of Company, Company shall be the continuing or surviving Person, (b) if a Subsidiary is not the surviving or continuing Person, the surviving Person becomes a Subsidiary and complies with the provisions
of Section 6.8 and (c) no Default or Event of Default shall have occurred or be continuing after giving effect thereto. 
  

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 6.10 Disposal of Subsidiary Interests. 
 Except for any sale of all of its interests in the Capital Stock of any of its Subsidiaries in compliance with the provisions of
Section 6.9, no Credit Party shall, nor shall it permit any of its Subsidiaries to, (a) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any Capital Stock of any of its Subsidiaries, except to qualify
directors if required by applicable law; or (b) permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any Capital Stock of any of its Subsidiaries, except to another Credit Party
(subject to the restrictions on such disposition otherwise imposed hereunder), or to qualify directors if required by applicable law. 
 6.11 Sales and Lease-Backs. 
 No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly
or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal or mixed), whether now owned or hereafter acquired, which such Credit Party (a) has sold or
transferred or is to sell or to transfer to any other Person (other than Company or any of its Subsidiaries), or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by such
Credit Party to any Person (other than Company or any of its Subsidiaries) in connection with such lease. 
 6.12 Transactions with
Shareholders and Affiliates. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the
rendering of any service) with any Affiliate of Company on terms that are less favorable to Company or that Subsidiary, as the case may be, than those that might be obtained at the time from a Person who is not such a holder or Affiliate;
provided, the foregoing restriction shall not apply to (a) any transaction between Company and any Guarantor Subsidiary; (b) reasonable and customary fees paid to and indemnification agreements with members of the board of directors
(or similar governing body) of Company and its Subsidiaries; (c) compensation arrangements for officers and other employees of Company and its Subsidiaries entered into in the ordinary course of business; (d) transactions described in
Schedule 6.12; and (e) the payment up to $1,000,000 of fees pursuant to the Management Agreement. 
 6.13 Conduct of Business. 

 From and after the Closing Date, no Credit Party shall, nor shall it permit any of its Subsidiaries to, engage in any
business other than (i) the businesses engaged in by such Credit Party on the Closing Date and similar or related businesses and (ii) such other lines of business as may be consented to by Requisite Lenders. 
 6.14 Amendments or Waivers of Certain Related Agreements. 
 No Credit Party shall nor shall it permit any of its Subsidiaries to, agree to any material amendment, restatement, supplement or other
modification to, or waiver of, any of its material rights under any Related Agreement after the Closing Date without in each case obtaining the prior written consent of Requisite Lenders to such amendment, restatement, supplement or other
modification or waiver. 
  

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	SECTION 7. 	GUARANTY 

 7.1 Guaranty of the Obligations. 

 Subject to the provisions of Section 7.2, Guarantors jointly and severally hereby irrevocably and unconditionally
guaranty to Administrative Agent for the ratable benefit of the Beneficiaries the due and punctual payment in full of all Obligations when the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration,
demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)) (collectively, the “Guaranteed
Obligations”). 
 7.2 Contribution by Guarantors. 
 All Guarantors desire to allocate among themselves (collectively, the “Contributing Guarantors”), in a fair and equitable
manner, their obligations arising under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a Guarantor (a “Funding Guarantor”) under this Guaranty such that its Aggregate Payments exceeds its
Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in an amount sufficient to cause each Contributing Guarantor’s Aggregate Payments to equal its Fair Share as
of such date. “Fair Share” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (a) the ratio of (i) the Fair Share Contribution Amount with respect to such Contributing
Guarantor to (ii) the aggregate of the Fair Share Contribution Amounts with respect to all Contributing Guarantors multiplied by (b) the aggregate amount paid or distributed on or before such date by all Funding Guarantors under this
Guaranty in respect of the obligations Guaranteed. “Fair Share Contribution Amount” means, with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate amount of the obligations of such
Contributing Guarantor under this Guaranty that would not render its obligations hereunder or thereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any comparable
applicable provisions of state law; provided, solely for purposes of calculating the “Fair Share Contribution Amount” with respect to any Contributing Guarantor for purposes of this Section 7.2, any assets or liabilities
of such Contributing Guarantor arising by virtue of any rights to subrogation, reimbursement or indemnification or any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of such Contributing
Guarantor. “Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions made on or before such date by such
Contributing Guarantor in respect of this Guaranty (including, without limitation, in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the
other Contributing Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor.
The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to
the contribution agreement set forth in this Section 7.2. 
  

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 7.3 Payment by Guarantors. 
 Subject to Section 7.2, Guarantors hereby jointly and severally agree, in furtherance of the foregoing and not in limitation of any
other right which any Beneficiary may have at law or in equity against any Guarantor by virtue hereof, that upon the failure of Company to pay any of the Guaranteed Obligations when and as the same shall become due, whether at stated maturity, by
required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)), Guarantors
will upon demand pay, or cause to be paid, in Cash, to Administrative Agent for the ratable benefit of Beneficiaries, an amount equal to the sum of the unpaid principal amount of all Guaranteed Obligations then due as aforesaid, accrued and unpaid
interest on such Guaranteed Obligations (including interest which, but for Company’s becoming the subject of a case under the Bankruptcy Code, would have accrued on such Guaranteed Obligations, whether or not a claim is allowed against Company
for such interest in the related bankruptcy case) and all other Guaranteed Obligations then owed to Beneficiaries as aforesaid. 
 7.4
Liability of Guarantors Absolute. 
 Each Guarantor agrees that its obligations hereunder are irrevocable, absolute,
independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and
without limiting the generality thereof, each Guarantor agrees as follows: 
 (a) this Guaranty is a guaranty of payment when
due and not of collectability. This Guaranty is a primary obligation of each Guarantor and not merely a contract of surety; 
 (b) Administrative Agent may enforce this Guaranty upon the occurrence of an Event of Default notwithstanding the existence of any dispute between Company and any Beneficiary with respect to the existence of such Event of Default;

 (c) the obligations of each Guarantor hereunder are independent of the obligations of Company and the obligations of any
other guarantor (including any other Guarantor) of the obligations of Company, and a separate action or actions may be brought and prosecuted against such Guarantor whether or not any action is brought against Company or any of such other guarantors
and whether or not Company is joined in any such action or actions; 
 (d) payment by any Guarantor of a portion, but not all,
of the Guaranteed Obligations shall in no way limit, affect, modify or abridge any Guarantor’s liability for any portion of the Guaranteed Obligations which has not been paid. Without limiting the generality of the foregoing, if Administrative
Agent is awarded a judgment in any suit brought to enforce any Guarantor’s covenant to pay a portion of the Guaranteed Obligations, such judgment shall not be deemed to release such Guarantor from its covenant to pay the portion of the
Guaranteed 

  

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Obligations that is not the subject of such suit, and such judgment shall not, except to the extent satisfied by such Guarantor, limit, affect, modify or
abridge any other Guarantor’s liability hereunder in respect of the Guaranteed Obligations; 
 (e) any Beneficiary, upon
such terms as it deems appropriate, without notice or demand and without affecting the validity or enforceability hereof or giving rise to any reduction, limitation, impairment, discharge or termination of any Guarantor’s liability hereunder,
from time to time may (i) renew, extend, accelerate, increase the rate of interest on, or otherwise change the time, place, manner or terms of payment of the Guaranteed Obligations; (ii) settle, compromise, release or discharge, or accept
or refuse any offer of performance with respect to, or substitutions for, the Guaranteed Obligations or any agreement relating thereto and/or subordinate the payment of the same to the payment of any other obligations; (iii) request and accept
other guaranties of the Guaranteed Obligations and take and hold security for the payment hereof or the Guaranteed Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind, waive, alter, subordinate or modify,
with or without consideration, any security for payment of the Guaranteed Obligations, any other guaranties of the Guaranteed Obligations, or any other obligation of any Person (including any other Guarantor) with respect to the Guaranteed
Obligations; (v) enforce and apply any security now or hereafter held by or for the benefit of such Beneficiary in respect hereof or the Guaranteed Obligations and direct the order or manner of sale thereof, or exercise any other right or
remedy that such Beneficiary may have against any such security, in each case as such Beneficiary in its discretion may determine consistent herewith and any applicable security agreement, including foreclosure on any such security pursuant to one
or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable, and even though such action operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any
Guarantor against Company or any security for the Guaranteed Obligations; and (vi) exercise any other rights available to it under the Credit Documents; and 
 (f) this Guaranty and the obligations of Guarantors hereunder shall be valid and enforceable and shall not be subject to any reduction,
limitation, impairment, discharge or termination for any reason (other than payment in full of the Guaranteed Obligations), including the occurrence of any of the following, whether or not any Guarantor shall have had notice or knowledge of any of
them: (i) any failure or omission to assert or enforce or agreement or election not to assert or enforce, or the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or
any right, power or remedy (whether arising under the Credit Documents, at law, in equity or otherwise) with respect to the Guaranteed Obligations or any agreement relating thereto, or with respect to any other guaranty of or security for the
payment of the Guaranteed Obligations; (ii) any rescission, waiver, amendment or modification of, or any consent to departure from, any of the terms or provisions (including provisions relating to events of default) hereof, any of the other
Credit Documents or any agreement or instrument executed pursuant thereto, or of any other guaranty or security for the Guaranteed Obligations, in each case whether or not in accordance with the terms hereof or such Credit Document or any agreement
relating to such other guaranty or security; (iii) the Guaranteed Obligations, or any agreement relating thereto, at any time being found to be illegal, invalid or unenforceable in any respect; (iv) the application of payments received
from any source (other than payments received pursuant to the other Credit Documents or from the proceeds of any security for the Guaranteed Obligations, except to the extent such security also 

  

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serves as collateral for indebtedness other than the Guaranteed Obligations) to the payment of indebtedness other than the Guaranteed Obligations, even
though any Beneficiary might have elected to apply such payment to any part or all of the Guaranteed Obligations; (v) any Beneficiary’s consent to the change, reorganization or termination of the corporate structure or existence of Company
or any of its Subsidiaries and to any corresponding restructuring of the Guaranteed Obligations; (vi) any failure to perfect or continue perfection of a security interest in any collateral which secures any of the Guaranteed Obligations;
(vii) any defenses, set-offs or counterclaims which Company may allege or assert against any Beneficiary in respect of the Guaranteed Obligations, including failure of consideration, breach of warranty, payment, statute of frauds, statute of
limitations, accord and satisfaction and usury; and (viii) any other act or thing or omission, or delay to do any other act or thing, which may or might in any manner or to any extent vary the risk of any Guarantor as an obligor in respect of
the Guaranteed Obligations. 
 7.5 Waivers by Guarantors. 
 Each Guarantor hereby waives, for the benefit of Beneficiaries: (a) any right to require any Beneficiary, as a condition of payment
or performance by such Guarantor, to (i) proceed against Company, any other guarantor (including any other Guarantor) of the Guaranteed Obligations or any other Person, (ii) proceed against or exhaust any security held from Company, any
such other guarantor or any other Person, (iii) proceed against or have resort to any balance of any Deposit Account or credit on the books of any Beneficiary in favor of Company or any other Person, or (iv) pursue any other remedy in the
power of any Beneficiary whatsoever; (b) any defense arising by reason of the incapacity, lack of authority or any disability or other defense of Company or any other Guarantor including any defense based on or arising out of the lack of
validity or the unenforceability of the Guaranteed Obligations or any agreement or instrument relating thereto or by reason of the cessation of the liability of Company or any other Guarantor from any cause other than payment in full of the
Guaranteed Obligations; (c) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of the principal; (d) any defense
based upon any Beneficiary’s errors or omissions in the administration of the Guaranteed Obligations, except behavior which amounts to bad faith; (e) (i) any principles or provisions of law, statutory or otherwise, which are or might
be in conflict with the terms hereof and any legal or equitable discharge of such Guarantor’s obligations hereunder, (ii) the benefit of any statute of limitations affecting such Guarantor’s liability hereunder or the enforcement
hereof, (iii) any rights to set-offs, recoupments and counterclaims, and (iv) promptness, diligence and any requirement that any Beneficiary protect, secure, perfect or insure any security interest or lien or any property subject thereto;
(f) notices, demands, presentments, protests, notices of protest, notices of dishonor and notices of any action or inaction, including acceptance hereof, notices of default hereunder or any agreement or instrument related thereto, notices of
any renewal, extension or modification of the Guaranteed Obligations or any agreement related thereto, notices of any extension of credit to Company and notices of any of the matters referred to in Section 7.4 and any right to consent to any
thereof; and (g) any defenses or benefits that may be derived from or afforded by law which limit the liability of or exonerate guarantors or sureties, or which may conflict with the terms hereof. 
  

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 7.6 Guarantors’ Rights of Subrogation, Contribution, etc. Until the Guaranteed Obligations
shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against Company or any other Guarantor or any of its assets in connection with
this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right or remedy arises in equity, under contract, by statute, under common law or otherwise and including without limitation
(a) any right of subrogation, reimbursement or indemnification that such Guarantor now has or may hereafter have against Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right
or remedy that any Beneficiary now has or may hereafter have against Company, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In addition, until the Guaranteed
Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations, including,
without limitation, any such right of contribution as contemplated by Section 7.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification
and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement or indemnification such Guarantor may have against Company or against any collateral
or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against Company, to all right, title and interest any Beneficiary may have
in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement, indemnification or contribution rights at any
time when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent for the
benefit of Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof. 
 7.7 Subordination of Other Obligations. 
 Any Indebtedness of Company or any Guarantor
now or hereafter held by any Guarantor (the “Obligee Guarantor”) is hereby subordinated in right of payment to the Guaranteed Obligations, and any such indebtedness collected or received by the Obligee Guarantor after an Event of
Default has occurred and is continuing shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent for the benefit of Beneficiaries to be credited and applied against the
Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the Obligee Guarantor under any other provision hereof. 
 7.8 Continuing Guaranty. 
 This Guaranty is a continuing guaranty and shall remain in
effect until all of the Guaranteed Obligations shall have been paid in full. Each Guarantor hereby irrevocably waives any right to revoke this Guaranty as to future transactions giving rise to any Guaranteed Obligations. 
  

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 7.9 Authority of Guarantors or Company. 
 It is not necessary for any Beneficiary to inquire into the capacity or powers of any Guarantor or Company or the officers, directors or
any agents acting or purporting to act on behalf of any of them. 
 7.10 Financial Condition of Company. 
 Any Loan may be made to without notice to or authorization from any Guarantor regardless of the financial or other condition of Company at
the time of any such grant or continuation. No Beneficiary shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of Company. Each Guarantor has adequate
means to obtain information from Company on a continuing basis concerning the financial condition of Company and its ability to perform its obligations under the Credit Documents, and each Guarantor assumes the responsibility for being and keeping
informed of the financial condition of Company and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Beneficiary to disclose any matter,
fact or thing relating to the business, operations or conditions of Company now known or hereafter known by any Beneficiary. 
 7.11
Bankruptcy, etc. (a) So long as any Guaranteed Obligations remain outstanding, no Guarantor shall, without the prior written consent of Administrative Agent acting pursuant to the written instructions of Requisite Lenders, commence or join with
any other Person in commencing any bankruptcy, reorganization or insolvency case or proceeding of or against Company or any other Guarantor. The obligations of Guarantors hereunder shall not be reduced, limited, impaired, discharged, deferred,
suspended or terminated by any case or proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of Company or any other Guarantor or by any defense which Company or any
other Guarantor may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding. 
 (b) Each Guarantor acknowledges and agrees that any interest on any portion of the Guaranteed Obligations which accrues after the commencement of any case or proceeding referred to in clause (a) above (or, if
interest on any portion of the Guaranteed Obligations ceases to accrue by operation of law by reason of the commencement of such case or proceeding, such interest as would have accrued on such portion of the Guaranteed Obligations if such case or
proceeding had not been commenced) shall be included in the Guaranteed Obligations because it is the intention of Guarantors and Beneficiaries that the Guaranteed Obligations which are guaranteed by Guarantors pursuant hereto should be determined
without regard to any rule of law or order which may relieve Company of any portion of such Guaranteed Obligations. Guarantors will permit any trustee in bankruptcy, receiver, debtor in possession, assignee for the benefit of creditors or similar
Person to pay Administrative Agent, or allow the claim of Administrative Agent in respect of, any such interest accruing after the date on which such case or proceeding is commenced. 
 (c) In the event that all or any portion of the Guaranteed Obligations are paid by Company, the obligations of Guarantors hereunder shall
continue and remain in full force and effect or be reinstated, as the case may be, in the event that all or any part of such payment(s) are rescinded or recovered directly or indirectly from any Beneficiary as a preference, fraudulent transfer or
otherwise, and any such payments which are so rescinded or recovered shall constitute Guaranteed Obligations for all purposes hereunder. 
  

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 7.12 Discharge of Guaranty Upon Sale of Guarantor. 
 If all of the Capital Stock of any Guarantor or any of its successors in interest hereunder shall be sold or otherwise disposed of
(including by merger or consolidation) in accordance with the terms and conditions hereof, the Guaranty of such Guarantor or such successor in interest, as the case may be, hereunder shall automatically be discharged and released without any further
action by any Beneficiary or any other Person effective as of the time of such Asset Sale. 
 SECTION 8. EVENTS OF DEFAULT 
 8.1 Events of Default. 
 If any one or more of the following conditions or events shall occur and be continuing: 
 (a) Failure to Make
Payments When Due. Failure by Company to pay (i) when due any installment of principal of any Loan, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any
interest on any Loan or any fee or any other amount due hereunder within three days after the date due; or 
 (b) Default
in Other Agreements. (i) Failure of any Credit Party to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1(a))
with an aggregate principal amount of $2,000,000 or more, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to any other material term of (1) one or more items of
Indebtedness in the aggregate principal amounts referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any,
provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders), to cause, that Indebtedness to become or be declared due and payable
(or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be (with all notices provided for therein having been given and all grace periods provided for therein having lapsed, such that no
further notice or passage of time is required in order for such holders or such trustee to exercise such right, other than notice of their or its election to exercise such right); or 
 (c) Breach of Certain Covenants. Failure of any Credit Party to perform or comply with any term or condition contained in
Section 2.3, Section 5.1(f), Section 5.2 or Section 6; or 
 (d) Breach of Representations, etc.
Any representation, warranty, certification or other statement made or deemed made by any Credit Party in any Credit Document or in any statement or certificate at any time given by any Credit Party or any of its Subsidiaries in writing pursuant
hereto or thereto or in connection herewith or therewith shall be false in any material respect as of the date made or deemed made; or 
  

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 (e) Other Defaults Under Credit Documents. Any Credit Party shall default in the
performance of or compliance with any term contained herein or any of the other Credit Documents, other than any such term referred to in any other Section of this Section 8.1, and such default shall not have been remedied or waived within 45
days after receipt by Company of notice from Administrative Agent or any Lender of such default; or 
 (f) Involuntary
Bankruptcy; Appointment of Receiver, etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of Company or any of its Significant Subsidiaries in an involuntary case under the Bankruptcy Code or under
any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case
shall be commenced against Company or any of its Significant Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction
in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over Company or any of its Significant Subsidiaries, or over all or a substantial part of its property, shall have
been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian of Company or any of its Significant Subsidiaries for all or a substantial part of its property; or a warrant of attachment,
execution or similar process shall have been issued against any substantial part of the property of Company or any of its Significant Subsidiaries, and any such event described in this clause (ii) shall continue for ninety days without having
been dismissed, bonded or discharged; or 
 (g) Voluntary Bankruptcy; Appointment of Receiver, etc. (i) Company or
any of its Significant Subsidiaries shall have an order for relief entered with respect to it or shall commence a voluntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in
effect, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law, or shall consent to the appointment of or taking possession by a receiver,
trustee or other custodian for all or a substantial part of its property; or Company or any of its Significant Subsidiaries shall make any assignment for the benefit of creditors; or (ii) Company or any of its Significant Subsidiaries shall be
unable, or shall fail generally, or shall admit in writing its inability, to pay its debts as such debts become due; or the board of directors (or similar governing body) of Company or any of its Significant Subsidiaries (or any committee thereof)
shall adopt any resolution or otherwise authorize any action to approve any of the actions referred to herein or in Section 8.1(f); or 
 (h) Judgments and Attachments. Any money judgment, writ or warrant of attachment or similar process involving an amount in excess of $2,000,000 (to the extent not adequately covered by insurance as to which a
solvent and unaffiliated insurance company has acknowledged coverage) shall be entered or filed against Company or any of its Subsidiaries or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period
of ninety days (or in any event later than five days prior to the date of any proposed sale thereunder); or 
  

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 (i) Dissolution. Any order, judgment or decree shall be entered against the
Company and any Significant Subsidiary decreeing the dissolution or split up of such Credit Party and such order shall remain undischarged or unstayed for a period in excess of thirty days; or 
 (j) Employee Benefit Plans. (i) There shall occur one or more ERISA Events which individually or in the aggregate results in
or might reasonably be expected to result in a Material Adverse Effect; or (ii) there exists any fact or circumstance that reasonably could be expected to result in the imposition of a Lien or security interest under Section 412(n) of the
Internal Revenue Code or under ERISA. 
 (k) Change of Control. A Change of Control shall occur; 
 (l) Guaranties, Collateral Documents and other Credit Documents. At any time after the execution and delivery thereof, (i) the
Guaranty for any reason, other than the satisfaction in full of all Obligations, shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be null and void or any Guarantor shall repudiate its
obligations thereunder, (ii) this Agreement or any Collateral Document ceases to be in full force and effect (other than by reason of a release of Collateral in accordance with the terms hereof or thereof or the satisfaction in full of the
Obligations in accordance with the terms hereof) or shall be declared null and void, or Collateral Agent shall not have or shall cease to have a valid and perfected Lien in any Collateral purported to be covered by the Collateral Documents with the
priority required by the relevant Collateral Document, in each case for any reason other than the failure of Collateral Agent or any Secured Party to take any action within its control, or (iii) any Credit Party shall contest the validity or
enforceability of any Credit Document in writing or deny in writing that it has any further liability, including with respect to future advances by Lenders, under any Credit Document to which it is a party; or 
 (m) Role of Holdings. Holdings shall (i) conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise
engage in, any business or commercial operations other than those incidental to its ownership of the Capital Stock of Company, (ii) incur, create, assume or suffer to exist any Indebtedness, except (A) nonconsensual obligations imposed by
operation of law and (B) obligations pursuant to the Credit Documents to which it is a party, or (iii) own, lease, manage or otherwise operate any properties or assets (including cash other than cash received in connection with dividends
made by Company in accordance with this Agreement pending application in the manner contemplated by this Agreement, and (C) the ownership of shares of Capital Stock of Company. 
 THEN, (1) upon the occurrence of any Event of Default described in Section 8.1(f) or 8.1(g), automatically, and (2) upon the
occurrence of any other Event of Default, at the written direction of Requisite Lenders, upon notice to Company by Administrative Agent, (A) each of the following shall immediately become due and payable, in each case without presentment,
demand, protest or other requirements of any kind, all of which are hereby expressly waived by each Credit Party: (I) the unpaid principal amount of and accrued interest on the Loans, and (II) 

  

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all other Obligations; provided, the foregoing shall not affect in any way the obligations of Lenders under Section 2.4 or Section 2.16; and
(C) Administrative Agent may cause Collateral Agent to enforce any and all Liens and security interests created pursuant to Collateral Documents. 
 8.2 Cure Rights 
 (a) Debt Default Cure Right. Notwithstanding anything to the
contrary contained in this Section 8, in the event that Company would otherwise fail to comply with the requirements of Sections 6.8(a) or (b) (each, a “Financial Performance Covenant”) at the end of any fiscal quarter,
unless the Company Exercises an EBITDA Cure Right, at any time within ten days after the date on which a Compliance Certificate must be delivered for the end of such fiscal quarter or fiscal year, as applicable, Company shall have the right (the
“Debt Default Cure Right”), exercisable at any time during the term of this Agreement to prepay Indebtedness pursuant to Section 2.10(d) through the issuance of Permitted Cure Securities (as defined below) for
cash or otherwise receive cash contributions to the capital of Company; provided that such right may not be exercised with respect to more than two fiscal quarters during any consecutive four fiscal quarter period without receiving a waiver
by Administrative Agent. Upon exercise by Company of a Debt Default Cure Right, such Financial Performance Covenants shall be recalculated giving effect to the prepayment of Indebtedness pursuant to Section 2.10(d). 
  

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 (b) EBITDA Default Cure Right. Notwithstanding anything to the contrary contained
in this Section 8, in the event that Company would otherwise fail to comply with a Financial Performance Covenant at the end of any fiscal quarter, unless the Company exercises a Debt Default Cure Right, at any time within ten days after the
date on which a Compliance Certificate must be delivered for the end of such fiscal quarter or fiscal year, as applicable, Company shall have the right, exercisable at any time during the term of this Agreement (provided that such right may not be
exercised with respect to more than one fiscal quarter during any consecutive four fiscal quarter period), to issue Permitted Cure Securities (as defined below) for cash or otherwise receive cash contributions to the capital of Company (in any case,
not in excess of $1,000,000 in the aggregate in any consecutive four fiscal quarter period) (the “EBITDA Cure Right”). Upon the receipt by Company of such cash (the “Cure Amount”) pursuant to the exercise by Company
of such EBITDA Cure Right, such Financial Performance Covenants shall be recalculated giving effect to the following pro forma adjustment: Consolidated EBITDA shall be increased solely for the purpose of measuring the Financial Performance Covenants
and not for any other purpose under this Agreement, by an amount equal to the Cure Amount. 
 (c) Effect of Cure. If,
after giving effect to the foregoing recalculations, Company shall then be in compliance with the requirements of all Financial Performance Covenants, Company shall be deemed to have satisfied the requirements of the Financial Performance Covenants
as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of any such Financial Performance Covenant that would have otherwise occurred on
such date but for the application of the foregoing recalculations shall be deemed not to have occurred. 
 (d) Permitted
Junior Securities. As used in this Section 8, the term “Permitted Cure Securities” shall mean an equity security of Company having no mandatory redemption, repurchase, repayment or similar requirements prior to the
six-month anniversary of the Maturity Date and upon which all dividends or distributions, at the election of Company, may be payable in additional shares of such equity security. 
 SECTION 9. AGENTS 
 9.1 Appointment of Agents. GoldenTree Asset Management, LP is hereby
appointed Syndication Agent hereunder, and each Lender hereby authorizes GoldenTree Asset Management, LP to act as Syndication Agent in accordance with the terms hereof and the other Credit Documents. The Bank of New York is hereby appointed
Administrative Agent and Collateral Agent hereunder and under the other Credit Documents and each Lender at any time a party hereto hereby authorizes The Bank of New York to act as Administrative Agent and Collateral Agent in accordance with the
terms hereof and the other Credit Documents. Each Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents to which it is a party as applicable. The provisions of this
Section 9 are solely for the benefit of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act solely as
an agent of Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Company or any of its Subsidiaries. Syndication Agent, without consent of or notice 

  

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to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. As of the Closing Date, GoldenTree Asset
Management LP, in its capacity as Syndication Agent shall not have any obligations but shall be entitled to all benefits of this Section 9. 
 9.2 Powers and Duties. 
 (a) Each Lender irrevocably authorizes each Agent to take such action on such
Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and
remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified herein and the other Credit Documents. Each Agent may exercise such powers, rights and remedies and perform such
duties by or through its agents or employees. No Agent shall have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any Lender; and nothing herein or any of the other Credit Documents, expressed or
implied, is intended to or shall be so construed as to impose upon any Agent any obligations in respect hereof or any of the other Credit Documents except as expressly set forth herein or therein. 
  

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 (b) Administrative Agent shall be under no obligation to exercise any of its rights or
powers vested in it by this Agreement, at the request, order or direction of any Required Holders, pursuant to the provisions of this Agreement, unless such Required Holders shall have offered to the Administrative Agent reasonable security or
indemnity satisfactory to it against the costs, expenses and liabilities (including, without limitation, attorneys’ fees) which might be incurred therein or thereby. The Administrative Agent and the Collateral Agent shall not have any
obligation whatsoever to any Lender or to any other Person to assure that the Collateral exists or is owned by the Borrower or any of its subsidiaries or is cared for, protected or insured or has been encumbered or that the Liens granted to the
Collateral Agent herein or pursuant to the Credit Documents have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular priority, or to exercise at all or in any particular manner or
under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to the Collateral Agent or the Administrative Agent in this Agreement or in any of the Credit Documents, except
as expressly provided herein or therein. 
 (c) In no event shall any Agent be responsible or liable for any failure or delay
in the performance of its obligations hereunder or under the Credit Documents arising out of or caused by, directly or indirectly, forces beyond its control, including without limitation strikes, work stoppages, accidents, acts of war or terrorism,
civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions ,loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that each Agent shall use
reasonable efforts with are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 (d) Each Lender hereby instructs the Administrative Agent and Collateral Agent, as the case may be, to enter into the Intercreditor
Agreement and the other Credit Documents and such amendments and restatements of the Intercreditor Agreement and the other Credit Documents to the extent permitted thereunder. 
 9.3 General Immunity. 
 (a) No Responsibility for Certain Matters. No Agent shall be responsible to any Lender for the execution, effectiveness, genuineness, validity, enforceability, collectability or sufficiency hereof or any other Credit Document or for
any representations, warranties, recitals 

  

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or statements made herein or therein or made in any written or oral statements or in any financial or other statements, instruments, reports or certificates
or any other documents furnished or made by any Agent to Lenders or by or on behalf of any Credit Party, and Lender or any person providing the Settlement Service to any Agent or any Lender in connection with the Credit Documents and the
transactions contemplated thereby or for the financial condition or business affairs of any Credit Party or any other Person liable for the payment of any Obligations, nor shall any Agent be required to ascertain or inquire as to the performance or
observance of any of the terms, conditions, provisions, covenants or agreements contained in any of the Credit Documents or as to the use of the proceeds of the Loans or as to the existence or possible existence of any Event of Default or Default or
to make any disclosures with respect to the foregoing. Anything contained herein to the contrary notwithstanding, Administrative Agent shall not have any liability arising from confirmations of the amount of outstanding Loans or the component
amounts thereof. 
 (b) Exculpatory Provisions. No Agent nor any of its officers, partners, directors, employees or
agents shall be liable to Lenders for any action taken or omitted by any Agent under or in connection with any of the Credit Documents except to the extent caused by such Agent’s gross negligence or willful misconduct. Each Agent shall be
entitled to refrain from any act or the taking of any action (including the failure to take an action) in connection herewith or any of the other Credit Documents or from the exercise of any power, discretion or authority vested in it hereunder or
thereunder unless and until such Agent shall have received instructions in respect thereof from Requisite Lenders (or such other Lenders as may be required to give such instructions under Section 10.5) and, upon receipt of such instructions
from Requisite Lenders (or such other Lenders, as the case may be), such Agent shall be entitled to act or (where so instructed) refrain from acting, and shall be fully protected in so acting or refraining to act, or to exercise such power,
discretion or authority, in accordance with such instructions. Without prejudice to the generality of the foregoing, (i) each Agent shall be entitled to obtain and to obtain and rely on, and shall be fully protected in relying, upon any
communication, instrument or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, including any Settlement Confirmation or other communication issues by any Settlement Service, and shall
be entitled to rely on and shall be fully protected in relying on opinions and advice of attorneys (who may be attorneys for Company and its Subsidiaries), accountants, experts and other professional advisors selected by it; and (ii) no Lender
shall have any right of action whatsoever against any Agent as a result of such Agent acting or (where so instructed) refraining from acting hereunder or any of the other Credit Documents in accordance with the instructions of Requisite Lenders (or
such other Lenders as may be required to give such instructions under Section 10.5). 
 (c) Delegation of Duties.
Each Agent may perform any and all of its duties and exercise its rights and powers under this Agreement or under any other Credit Document by or through any one or more sub-agents appointed by such Agent. Each Agent and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or through their respective Affiliates. The exculpatory, indemnification and other provisions of this Section 9.3 and of Section 9.6 

  

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shall apply to any the Affiliates and subagents of each Agent and shall apply to their respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as each Agent. All of the rights, benefits, and privileges (including the exculpatory and indemnification provisions) of this Section 9.3 and of Section 9.6 shall apply to any such
sub-agent and to the Affiliates of any such sub-agent, and shall apply to their respective activities as sub-agent as if such sub-agent and Affiliates were named herein. Notwithstanding anything herein to the contrary, with respect to each sub-agent
appointed by the an Agent, (i) such sub-agent shall be a third party beneficiary under this Agreement with respect to all such rights, benefits and privileges (including exculpatory rights and rights to indemnification) and shall have all of
the rights and benefits of a third party beneficiary, including an independent right of action to enforce such rights, benefits and privileges (including exculpatory rights and rights to indemnification) directly, without the consent or joinder of
any other Person, against any or all of the Credit Parties and the Lenders, (ii) such rights, benefits and privileges (including exculpatory rights and rights to indemnification) shall not be modified or amended without the consent of such
sub-agent, and (iii) such sub-agent shall only have obligations to such Agent and not to any Credit Party, Lender or any other Person and no Credit Party, Lender or any other Person shall have any rights, directly or indirectly, as a third
party beneficiary or otherwise, against such sub-agent. 
 9.4 Agents Entitled to Act as Lender. 
 The agency hereby created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations upon, any
Agent in its individual capacity, if any, as a Lender hereunder. With respect to its participation, if any, in the Loans, each Agent shall have the same rights and powers hereunder as any other Lender and may exercise the same as if it were not
performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity. Any Agent and its Affiliates may accept deposits
from, lend money to, own securities of, and generally engage in any kind of banking, trust, financial advisory or other business with Company or any of its Affiliates as if it were not performing the duties specified herein, and may accept fees and
other consideration from Company for services in connection herewith and otherwise without having to account for the same to Lenders. 
 9.5 Lenders’ Representations, Warranties and Acknowledgment. 
 (a) Each Lender at any time a party
hereto represents and warrants that it has made its own independent investigation of the financial condition and affairs of Company and its Subsidiaries in connection with the Loan made hereunder and that it has made and shall continue to make its
own appraisal of the creditworthiness of Company and its Subsidiaries. No Agent shall have any duty or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide
any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter, and no Agent shall have any responsibility with respect to the accuracy of or
the completeness of any information provided to Lenders. 
 (b) Each Lender, by delivering its signature page to this
Agreement or an Assignment and funding its Loan on the Closing Date, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit Document and each other document required to be approved by any Agent, Requisite Lenders
or Lenders, as applicable on the Closing Date. 
  

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 9.6 Right to Indemnity. 
 Each Lender, in proportion to its Pro Rata Share, severally agrees to indemnify each Agent, to the extent that such Agent shall not have
been reimbursed by any Credit Party, for and against any and all liabilities, obligations, losses, damages, claims, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or
nature whatsoever which may be imposed on, incurred by or asserted against such Agent in exercising its powers, rights and remedies or performing its duties hereunder or under the other Credit Documents or otherwise in its capacity as such Agent in
any way relating to or arising out of this Agreement or the other Credit Documents; provided, no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
or disbursements resulting from such Agent’s gross negligence or willful misconduct. If any indemnity furnished to any Agent for any purpose shall, in the opinion of such Agent, be insufficient or become impaired, such Agent may call for
additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished; provided, in no event shall this sentence require any Lender to indemnify any Agent against any liability,
obligation, loss, damage, claims, penalty, action, judgment, suit, cost, expense or disbursement in excess of such Lender’s Pro Rata Share thereof; and provided further, this sentence shall not be deemed to require any Lender to
indemnify any Agent against any liability, obligation, loss, damage, claims, penalty, action, judgment, suit, cost, expense or disbursement described in the proviso in the immediately preceding sentence. 
 9.7 Successor Administrative Agent and Collateral Agent. Administrative Agent may resign at any time by giving thirty days’ prior
written notice thereof to Lenders and Company, and Administrative Agent may be removed at any time with or without cause by an instrument or concurrent instruments in writing delivered to Company and Administrative Agent and signed by Requisite
Lenders. Upon any such notice of resignation or any such removal, Requisite Lenders shall have the right, upon five Business Days’ notice to Company, to appoint a successor Administrative Agent. Upon the written acceptance of any appointment as
Administrative Agent hereunder by a successor Administrative Agent, that successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Administrative Agent
and the retiring or removed Administrative Agent shall promptly (i) transfer to such successor Administrative Agent all sums, Securities and other items of Collateral held under the Collateral Documents, together with all records and other
documents necessary or appropriate in connection with the performance of the duties of the successor Administrative Agent under the Credit Documents, and (ii) execute and deliver to such successor Administrative Agent such amendments to
financing statements delivered to it, and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Administrative Agent of the security interests created under the Collateral Documents,
whereupon such retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring or removed Administrative Agent’s resignation or removal hereunder as Administrative Agent, the provisions
of this Section 9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent hereunder (including all indemnities hereunder). 
  

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 Such successor Administrative Agent shall assume in writing the obligations of such retiring
Administrative Agent hereunder. If the Requisite Lenders have not designated a successor Administrative Agent within 30 days of such resignation or removal, the Administrative Agent may petition a court of competent jurisdiction, at the expense of
the Company, to appoint a successor Administrative Agent, the cost of which shall be borne by the Company. Any corporation into which the Administrative Agent may be merged or with which it may be consolidated, or any corporation resulting from any
merger or consolidation to which the Administrative Agent is a party, or any state or national bank or trust company in any manner succeeding to all or substantially all of the corporate trust business of the Administrative Agent shall automatically
succeed to all of the rights and obligations of the Administrative Agent hereunder without any document so providing or further action on the part of any of the parties hereto. 
 9.8 Collateral Documents and Guaranty. 
 (a) Agents under Collateral Documents and Guaranty. Each Lender hereby further authorizes Administrative Agent or Collateral Agent, as applicable, on behalf of and for the benefit of Secured Parties, to be the
agent for and representative of Lenders with respect to the Guaranty, the Collateral and the Collateral Documents. Subject to Section 10.5, without further written consent or authorization from Lenders, Administrative Agent or Collateral Agent,
as applicable may execute any documents or instruments necessary to (i) release any Lien encumbering any item of Collateral that is the subject of a sale or other disposition of assets permitted hereby or to which Requisite Lenders (or such
other Lenders as may be required to give such consent under Section 10.5) have otherwise consented in writing or (ii) release any Guarantor from the Guaranty pursuant to Section 7.12 or with respect to which Requisite Lenders (or such
other Lenders as may be required to give such consent under Section 10.5) have otherwise consented in writing. 
 (b)
Right to Realize on Collateral and Enforce Guaranty. Anything contained in any of the Credit Documents to the contrary notwithstanding, Company, Administrative Agent, Collateral Agent and each Lender hereby agree that (i) no Lender shall
have any right individually to realize upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by Administrative Agent, on behalf of Lenders in
accordance with the terms hereof and all powers, rights and remedies under the Collateral Documents may be exercised solely by Collateral Agent, and (ii) in the event of a foreclosure by Collateral Agent on any of the Collateral pursuant to a
public or private sale, Collateral Agent or any Lender may be the purchaser of any or all of such Collateral at any such sale and Collateral Agent, as agent for and representative of Secured Parties (but not any Lender or Lenders in its or their
respective individual capacities unless Requisite Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any
such public sale, to use and apply any of the Obligations as a credit on account of the purchase price for any collateral payable by Collateral Agent at such sale. 
  

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	SECTION	10. MISCELLANEOUS 

 10.1 Notices. 

(a) Notices Generally. Any notice or other communication herein required or permitted to be given to a Credit Party or
Administrative Agent, shall be sent to such Person’s address as set forth on Appendix B or in the other relevant Credit Document, and in the case of any Lender, the address as indicated on Appendix B or otherwise indicated to
Administrative Agent in writing. Except as otherwise set forth in paragraph (b) below, each notice hereunder shall be in writing and may be personally served, telexed or sent by telefacsimile or United States mail or courier service and shall
be deemed to have been given when delivered in person or by courier service and signed for against receipt thereof, upon receipt of telefacsimile or telex, or three Business Days after depositing it in the United States mail with postage prepaid and
properly addressed; provided, no notice to any Agent shall be effective until received by such Agent; provided further, any such notice or other communication shall at the request of the Administrative Agent be provided to any
sub-agent appointed pursuant to Section 9.3(c) hereto as designated by the Administrative Agent from time to time. 
 (b)
Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by
Administrative Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to Section 2 if such Lender has notified Administrative Agent that it is incapable of receiving notices under such Section by electronic
communication. Administrative Agent or Company 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 Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an
acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during
the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or
intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the
website address therefor. 
 10.2 Expenses. 
 Whether or not the transactions contemplated hereby shall be consummated, Company agrees to pay promptly (a) all the actual and
reasonable costs and expenses of preparation of the Credit Documents and any consents, amendments, waivers or other modifications thereto; (b) all the costs of furnishing all opinions by counsel for Company and the other Credit Parties;
(c) the reasonable fees, expenses and disbursements of counsel to Agents (in each case including allocated costs of internal counsel) in connection with the negotiation, preparation, execution and administration of the Credit Documents and any
consents, amendments, waivers or other modifications thereto and any other documents or matters requested by Company); (d) all the actual costs and reasonable expenses of creating and perfecting Liens in favor of Collateral Agent, for the
benefit of Lenders pursuant hereto, including filing and recording fees, expenses and taxes, stamp or documentary taxes, search fees, title insurance premiums and reasonable fees, expenses and disbursements of counsel to each 

  

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Agent and of counsel providing any opinions that any Agent or Requisite Lenders may request in respect of the Collateral or the Liens created pursuant to the
Collateral Documents; (e) all the actual costs and reasonable fees, expenses and disbursements of any auditors, accountants, consultants or appraisers; (f) all the actual costs and reasonable expenses (including the reasonable fees,
expenses and disbursements of any appraisers, consultants, advisors and agents employed or retained by Collateral Agent and its counsel) in connection with the custody or preservation of any of the Collateral; (g) all other actual and
reasonable costs and expenses incurred by each Agent in connection with the syndication of the Loans and Commitments and the negotiation, preparation and execution of the Credit Documents and any consents; (h) all actual costs and expenses
incurred in connection with a Lender’s obtaining an annual “shadow rating” for the Company; and (h) after the occurrence of a Default or an Event of Default, all costs and expenses, including reasonable attorneys’ fees
(including allocated costs of internal counsel) and costs of settlement, incurred by any Agent and Lenders in enforcing any Obligations of or in collecting any payments due from any Credit Party hereunder or under the other Credit Documents by
reason of such Default or Event of Default (including in connection with the sale of, collection from, or other realization upon any of the Collateral or the enforcement of the Guaranty) or in connection with any refinancing or restructuring of the
credit arrangements provided hereunder in the nature of a “work-out” or pursuant to any insolvency or bankruptcy cases or proceedings. 
 10.3 Indemnity. 
 (a) In addition to the payment of expenses pursuant to Section 10.2, whether or not
the transactions contemplated hereby shall be consummated, each Credit Party agrees to defend (subject to Indemnitees’ selection of counsel), indemnify, pay and hold harmless, each Agent and Lender and the officers, partners, directors,
trustees, employees, agents, sub-agents and Affiliates of each Agent and each Lender (each, an “Indemnitee”), from and against any and all Indemnified Liabilities; provided, no Credit Party shall have any obligation to any
Indemnitee hereunder with respect to any Indemnified Liabilities to the extent such Indemnified Liabilities arise from the gross negligence or willful misconduct of that Indemnitee. To the extent that the undertakings to defend, indemnify, pay and
hold harmless set forth in this Section 10.3 may be unenforceable in whole or in part because they are violative of any law or public policy, the applicable Credit Party shall contribute the maximum portion that it is permitted to pay and
satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. 
 (b) To the extent permitted by applicable law, no Credit Party shall assert, and each Credit Party hereby waives, any claim against Lenders, Agents and their respective Affiliates, directors, employees, attorneys, agents or sub-agents, on
any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out
of, in connection with, arising out of, as a result of, or in any way related to, this Agreement or any Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated
hereby or thereby, any Loan or the use of the proceeds thereof or any act or omission or event occurring in connection therewith, and Company hereby waives, releases and agrees not to sue upon any such claim or any such damages, whether or not
accrued and whether or not known or suspected to exist in its favor. 
  

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 10.4 Set-Off. 
 In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the
occurrence of any Event of Default each Lender is hereby authorized by each Credit Party at any time or from time to time subject to the consent of Administrative Agent (such consent not to be unreasonably withheld or delayed), without notice to any
Credit Party or to any other Person (other than Administrative Agent), any such notice being hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general or special, including Indebtedness evidenced by
certificates of deposit, whether matured or unmatured, but not including trust accounts) and any other Indebtedness at any time held or owing by such Lender to or for the credit or the account of any Credit Party against and on account of the
obligations and liabilities of any Credit Party to such Lender hereunder, and under the other Credit Documents, including all claims of any nature or description arising out of or connected hereto, or with any other Credit Document, irrespective of
whether or not (a) such Lender shall have made any demand hereunder or (b) the principal of or the interest on the Loans or any other amounts due hereunder shall have become due and payable pursuant to Section 2 and although such
obligations and liabilities, or any of them, may be contingent or unmatured. 
 10.5 Amendments and Waivers. 
 (a) Requisite Lenders’ Consent. Subject to Sections 10.5(b) and 10.5(c), no amendment, modification, termination or waiver of
any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall in any event be effective without the written concurrence of the Requisite Lenders. 
 (b) Affected Lenders’ Consent. Without the written consent of each Lender that would be affected thereby, no amendment,
modification, termination, or consent shall be effective if the effect thereof would: 
 (i) extend the scheduled final
maturity of any Loan or Note; 
 (ii) waive, reduce or postpone any scheduled repayment (but not prepayment); 
 (iii) reduce the rate of interest on any Loan (other than any waiver of any increase in the interest rate applicable to any Loan pursuant
to Section 2.6) or any fee or any premium payable hereunder; 
 (iv) extend the time for payment of any such interest or
fees; 
 (v) amend, modify, terminate or waive any provision of this Section 10.5(b) or Section 10.5(c); 

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

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 (vii) release all or substantially all of the Collateral or all or substantially all of
the Guarantors from the Guaranty except as expressly provided in the Credit Documents; or 
 (viii) consent to the assignment
or transfer by any Credit Party of any of its rights and obligations under any Credit Document. 
 (c) Other Consents.
No amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall: 
 (i) amend the definition of “Requisite Lenders”; 
 (ii) amend, modify, terminate or waive any provision of Section 9 as the same applies to any Agent, or any other provision hereof as
the same applies to the rights or obligations of any Agent, in each case without the consent of such Agent. 
 (d)
Execution of Amendments, etc. Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be
effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on any Credit Party in any case shall entitle any Credit Party to any other or further notice or demand in similar or other
circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this Section 10.5 shall be binding upon each Lender at the time outstanding, each future Lender and, if signed by a Credit Party, on such
Credit Party. 
 10.6 Successors and Assigns; Participations. 
 (a) Generally. This Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure
to the benefit of the parties hereto and the successors and assigns of Lenders and the Agents. No Credit Party’s rights or obligations hereunder nor any interest therein may be assigned or delegated by any Credit Party without the prior written
consent of all Lenders. 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 and, to the extent expressly contemplated
hereby, Affiliates of each of the Agents and Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Register. Company, Administrative Agent and Lenders shall deem and treat the Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for
all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case, unless and until recorded in the Register following receipt of (x) a written or electronic confirmation of an assignment issued
by a Settlement Service pursuant to Section 10.6(d) (a “Settlement Confirmation”) or (y) an Assignment Agreement effecting the assignment or transfer thereof, in each case, as provided in Section 10.6(d). Each
assignment shall be recorded in the Register on the Business Day the Settlement Confirmation or Assignment Agreement is received by the Administrative Agent, if received by 12:00 noon New York City time, and on the following Business Day if received
after 

  

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such time, prompt notice thereof shall be provided to Company and a copy of such Assignment Agreement or Settlement Confirmation shall be maintained, as
applicable. The date of such recordation of a transfer shall be referred to herein as the “Assignment Effective Date.” Any request, authority or consent of any Person who, at the time of making such request or giving such authority
or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. 
 (c) Right to Assign. Each Lender shall have the right at any time to sell, assign or transfer all or a portion of its rights and
obligations under this Agreement, including, without limitation, all or a portion of its Loans owing to it or other Obligations (provided, however, that each such assignment shall be of a uniform, and not varying, percentage of all
rights and obligations under and in respect of any Loan): 
 (i) to any Person meeting the criteria of clause (i) of the
definition of the term of “Eligible Assignee” upon the giving of notice to Company and Administrative Agent; and 
 (ii) to any Person meeting the criteria of clause (ii) of the definition of the term of “Eligible Assignee” upon giving of notice to Company and Administrative Agent; provided, further each such assignment pursuant to
this Section 10.6(c)(ii) shall be in an aggregate amount of not less than $1,000,000 (or such lesser amount as may be agreed to by Company and Administrative Agent or as shall constitute the aggregate amount of the Loan of the assigning
Lender). 
 (d) Mechanics. Assignments of Loans by Lenders may be made via an electronic settlement system acceptable
to Administrative Agent as designated in writing from time to time to the Lenders by Administrative Agent (the “Settlement Service”). Each such assignment shall be effected by the assigning Lender and proposed assignee pursuant to
the procedures then in effect under the Settlement Service, which procedures shall be consistent with the other provisions of this Section 10.6. Each assignor Lender and proposed assignee shall comply with the requirements of the Settlement
Service in connection with effecting any transfer of Loans pursuant to the Settlement Service. Administrative Agent’s and Company’s consent shall be deemed to have been granted pursuant to Section 10.6(c)(ii) with respect to any
transfer effected through the Settlement Service. Subject to the other requirements of this Section 10.6, assignments and assumptions of Loans may also be effected by manual execution delivery to the Administrative Agent of an Assignment
Agreement with the prior written consent of each of Company and Administrative Agent (such consent not to be (x) unreasonably withheld or delayed or (y) in the case of Company, required at any time an Event of Default shall have occurred
and then be continuing). Initially, assignments and assumptions of Loans shall be effected by such manual execution until Administrative Agent notifies Lenders to the contrary. Assignments made pursuant to the foregoing provision shall be effective
as of the Assignment Effective Date. In connection with all assignments there shall be delivered to Administrative Agent such forms, certificates or other evidence, if any, with respect to United States federal income tax withholding matters as the
assignee under such Assignment Agreement may be required to deliver pursuant to Section 2.15(c) or 2.15(d). Notwithstanding anything herein or in any Assignment Agreement to the contrary and (i) unless notice to the contrary is delivered
to the Lenders from the Administrative Agent or (ii) so long as no Default or Event of Default has 

  

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occurred and is continuing, payment to the assignor by the assignee in respect of the settlement of an assignment of any Loan shall include such compensation
to the assignor as may be agreed upon by the assignor and the assignee with respect to all unpaid interest which has accrued on such Loan to but excluding the Assignment Effective Date. On and after the applicable Assignment Effective Date, the
applicable assignee shall be entitled to receive all interest paid or payable with respect to the assigned Loan, whether such interest accrued before or after the applicable Assignment Effective Date. 
 (e) Representations and Warranties of Assignee. Each Lender, upon execution and delivery hereof or upon succeeding to an interest
in the Commitments and Loans, as the case may be, represents and warrants as of the Closing Date or as of the Assignment Effective Date that (i) it is an Eligible Assignee; (ii) it has experience and expertise in the making of or investing
in commitments or loans such as the applicable Commitments or Loans, as the case may be; and (iii) it will make or invest in, as the case may be, its Commitments or Loans for its own account in the ordinary course of its business and without a
view to distribution of such Commitments or Loans within the meaning of the Securities Act or the Exchange Act or other federal securities laws (it being understood that, subject to the provisions of this Section 10.6, the disposition of such
Commitments or Loans or any interests therein shall at all times remain within its exclusive control). 
 (f) Effect of
Assignment. Subject to the terms and conditions of this Section 10.6, as of the “Assignment Effective Date” (i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent of
its interest in the Loans and Commitments as reflected in the Register and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights and
obligations hereunder have been assigned to the assignee, relinquish its rights (other than any rights which survive the termination hereof under Section 10.8) and be released from its obligations hereunder (and, in the case of an assignment
covering all or the remaining portion of an assigning Lender’s rights and obligations hereunder, such Lender shall cease to be a party hereto on the Assignment Effective Date; provided, anything contained in any of the Credit Documents
to the contrary notwithstanding, and (y) such assigning Lender shall continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising out of the prior involvement of such assigning Lender
as a Lender hereunder); (iii) the Commitments shall be modified to reflect any Commitment of such assignee, if any; and (iv) if any such assignment occurs after the issuance of any Note hereunder, the assigning Lender shall, upon the
effectiveness of such assignment or as promptly thereafter as practicable, surrender its applicable Notes to Administrative Agent for cancellation, and thereupon Company shall issue and deliver new Notes, if so requested by the assignee and/or
assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the outstanding Loans of the assignee and/or the assigning Lender. 
 (g) Participations. Each Lender shall have the right at any time to sell one or more participations to any Person (other than
Company, any of its Subsidiaries or any of its Affiliates) in all or any part of its Commitments, Loans or in any other Obligation. The holder of any such participation, other than an Affiliate of the Lender granting such participation, shall not be
entitled to require such Lender to take or omit to take any action hereunder except with respect to any amendment, modification or waiver that would (i) extend the final scheduled 

  

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maturity of any Loan or Note in which such participant is participating, or reduce the rate or extend the time of payment of interest or fees thereon (except
in connection with a waiver of applicability of any post-default increase in interest rates) or reduce the principal amount thereof, or increase the amount of the participant’s participation over the amount thereof then in effect (it being
understood that a waiver of any Default or Event of Default shall not constitute a change in the terms of such participation, and that an increase in any Commitment or Loan shall be permitted without the consent of any participant if the
participant’s participation is not increased as a result thereof), (ii) consent to the assignment or transfer by any Credit Party of any of its rights and obligations under this Agreement or (iii) release all or substantially all of
the Collateral under the Collateral Documents (except as expressly provided in the Credit Documents) supporting the Loans hereunder in which such participant is participating. Company agrees that each participant shall be entitled to the benefits of
Sections 2.18(c), 2.19 and 2.20 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (c) of this Section; provided, (i) a participant shall not be entitled to receive any
greater payment under Section 2.19 or 2.20 than the applicable Lender would have been entitled to receive with respect to the participation sold to such participant, unless the sale of the participation to such participant is made with
Company’s prior written consent and (ii) a participant it were a Lender shall not be entitled to the benefits of Section 2.20 unless Company is notified of the participation sold to such participant and such participant agrees, for
the benefit of Company, to comply with Section 2.20 as though it were a Lender. To the extent permitted by law, each participant also shall be entitled to the benefits of Section 10.4 as though it were a Lender, provided such
Participant agrees to be subject to Section 2.17 as though it were a Lender. 
 (h) Certain Other Assignments. In
addition to any other assignment permitted pursuant to this Section 10.6, any Lender may assign and/or pledge all or any portion of its Loans, the other Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such
Lender including, without limitation, any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve System and any operating circular issued by such Federal Reserve Bank;
provided, no Lender, as between Company and such Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment and pledge, and provided further, in no event shall the applicable Federal Reserve Bank,
pledgee or trustee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder. 
 10.7 Independence of Covenants. 
 All covenants hereunder shall be given independent
effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of
a Default or an Event of Default if such action is taken or condition exists. 
 10.8 Survival of Representations, Warranties and
Agreements. 
 All representations, warranties and agreements made herein shall survive the execution and delivery hereof
and the making of the Loans. Notwithstanding anything herein or 

  

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implied by law to the contrary, the agreements of each Credit Party set forth in Sections 2.18(c), 2.19, 2.20, 10.2, 10.3 and 10.4 and the agreements of
Lenders set forth in Sections 2.17, 9.3(b) and 9.6 shall survive the payment of the Loans, and the reimbursement of any amounts drawn thereunder, and the termination hereof. 
 10.9 No Waiver; Remedies Cumulative. 
 No failure or delay on the part of any Agent or any Lender in the exercise of any power, right or privilege hereunder or under any other Credit Document shall impair such power, right or privilege or be construed to
be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other power, right or privilege. The rights, powers and remedies
given to each Agent and each Lender hereby are cumulative and shall be in addition to and independent of all rights, powers and remedies existing by virtue of any statute or rule of law or in any of the other Credit Documents. Any forbearance or
failure to exercise, and any delay in exercising, any right, power or remedy hereunder shall not impair any such right, power or remedy or be construed to be a waiver thereof, nor shall it preclude the further exercise of any such right, power or
remedy. 
 10.10 Marshalling; Payments Set Aside. 
 Neither any Agent nor any Lender shall be under any obligation to marshal any assets in favor of any Credit Party or any other Person or
against or in payment of any or all of the Obligations. To the extent that any Credit Party makes a payment or payments to Administrative Agent or Lenders (or to Administrative Agent, on behalf of Lenders), or any Agent or Lenders enforce any
security interests or exercise their rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required
to be repaid to a trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law or any equitable cause, then, to the extent of such recovery, the obligation or part thereof originally intended to be
satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such payment or payments had not been made or such enforcement or setoff had not occurred. 
 10.11 Severability. 
 In case any provision in or obligation hereunder or under any other Credit Document shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of
such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 
 10.12 Obligations
Several; Independent Nature of Lenders’ Rights. 
 The obligations of Lenders hereunder are several and no Lender
shall be responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Credit Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a
partnership, an association, a joint venture or any other kind of entity. The amounts payable at any time hereunder to each Lender 

  

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shall be a separate and independent debt, and each Lender shall be entitled to protect and enforce its rights arising out hereof and it shall not be
necessary for any other Lender to be joined as an additional party in any proceeding for such purpose. 
 10.13 Headings. 

Section headings herein are included herein for convenience of reference only and shall not constitute a part hereof for any other
purpose or be given any substantive effect. 
 10.14 APPLICABLE LAW. 
 THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF. 
 10.15 CONSENT TO
JURISDICTION. 
 ALL JUDICIAL PROCEEDINGS BROUGHT BY OR AGAINST ANY CREDIT PARTY, ANY GUARANTOR, ANY LENDER OR THE COMPANY
ARISING OUT OF OR RELATING HERETO OR ANY OTHER CREDIT DOCUMENT, OR ANY OF THE OBLIGATIONS, MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT,
EACH CREDIT PARTY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY (A) ACCEPTS GENERALLY AND UNCONDITIONALLY THE NONEXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (B) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS;
(C) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE CREDIT PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 10.1;
(D) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (C) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE CREDIT PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN
EVERY RESPECT; AND (E) AGREES THAT AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN THE COURTS OF ANY OTHER JURISDICTION. 
 10.16 WAIVER OF JURY TRIAL. 
 EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER CREDIT DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE
SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/COMPANY RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE 

  

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FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER
COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE
TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING
CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 10.16 AND EXECUTED BY EACH OF THE PARTIES
HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR ANY OF THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF
LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 10.17 Confidentiality. 
 Each Lender shall hold all non-public information regarding Company and its Subsidiaries and their businesses identified as such by
Company and obtained by such Lender pursuant to the requirements hereof in accordance with such Lender’s customary procedures for handling confidential information of such nature, it being understood and agreed by Company that, in any event, a
Lender may make (i) disclosures of such information to Affiliates of such Lender and to their agents and advisors (and to other persons authorized by a Lender or Agent to organize, present or disseminate such information in connection with
disclosures otherwise made in accordance with this Section 10.17), (ii) disclosures of such information reasonably required by any bona fide or potential assignee, transferee or participant in connection with the contemplated assignment,
transfer or participation by such Lender of any Loans or any participations therein, (iii) disclosure to any rating agency when required by it, provided that, prior to any disclosure, such rating agency shall undertake in writing to
preserve the confidentiality of any confidential information relating to the Credit Parties received by it from any of the Agents or any Lender, and (iv) disclosures required or requested by any governmental agency or representative thereof or
by the NAIC or pursuant to legal or judicial process; provided, unless specifically prohibited by applicable law or court order, each Lender shall make reasonable efforts to notify Company of any request by any governmental agency or
representative thereof (other than any such request in connection with any examination of the financial condition or other routine examination of such Lender by such governmental agency) for disclosure of any such non-public information prior to
disclosure of such information. Notwithstanding anything to the contrary set forth herein, each party (and each of their respective employees, representatives or other agents) may disclose to any and all persons, without limitations of any kind, the
tax treatment and tax structure of the transactions contemplated by this Agreement and all materials of any kind (including opinions and other tax analyses) that are provided to any such party relating to such tax treatment and tax structure.
However, any information relating to the tax 

  

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treatment or tax structure shall remain subject to the confidentiality provisions hereof (and the foregoing sentence shall not apply) to the extent
reasonably necessary to enable the parties hereto, their respective Affiliates, and their and their respective Affiliates’ directors and employees to comply with applicable securities laws. For this purpose, “tax structure” means any
facts relevant to the federal income tax treatment of the transactions contemplated by this Agreement but does not include information relating to the identity of any of the parties hereto or any of their respective Affiliates. 
 10.18 Usury Savings Clause. 
 Notwithstanding any other provision herein, the aggregate interest rate charged with respect to any of the Obligations, including all charges or fees in connection therewith deemed in the nature of interest under applicable law shall not
exceed the Highest Lawful Rate. If the rate of interest (determined without regard to the preceding sentence) under this Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the Loans made hereunder shall bear interest at
the Highest Lawful Rate until the total amount of interest due hereunder equals the amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect. In addition, if
when the Loans made hereunder are repaid in full the total interest due hereunder (taking into account the increase provided for above) is less than the total amount of interest which would have been due hereunder if the stated rates of interest set
forth in this Agreement had at all times been in effect, then to the extent permitted by law, Company shall pay to Administrative Agent an amount equal to the difference between the amount of interest paid and the amount of interest which would have
been paid if the Highest Lawful Rate had at all times been in effect. Notwithstanding the foregoing, it is the intention of Lenders and Company to conform strictly to any applicable usury laws. Accordingly, if any Lender contracts for, charges, or
receives any consideration which constitutes interest in excess of the Highest Lawful Rate, then any such excess shall be cancelled automatically and, if previously paid, shall at such Lender’s option be applied to the outstanding amount of the
Loans made hereunder or be refunded to Company. 
 10.19 Counterparts. 
 This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original,
but all such counterparts together shall constitute but one and the same instrument. 
 10.20 Effectiveness. 
 This Agreement shall become effective upon the execution of a counterpart hereof by each of the parties hereto and receipt by Company and
Administrative Agent of written or telephonic notification of such execution and authorization of delivery thereof. 
  

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 10.21 Patriot Act. Each Lender and Administrative Agent (for itself and not on behalf of any
Lender) hereby notifies Company that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies Company, which information includes the name and address of Company and other information that will
allow such Lender or Administrative Agent, as applicable, to identify Company in accordance with the Act and Company agrees to provide each Lender and Administrative Agent with all such information. 
 10.22 Electronic Execution of Assignments. 
 The words “execution,” “signed,” “signature,” and words of like import in any Assignment Agreement shall be deemed to include electronic signatures or the keeping of records in electronic
form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law,
including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 
 [Remainder of page intentionally left blank.] 
  

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

			
	SolarWinds.Net, LLC
		
	By:	 	/s/    DAVID YONCE
	Name:	 	David Yonce
	Title:	 	President
	
	SolarWinds.Net, Inc.
		
	By:	 	/s/    DAVID YONCE
	Name:	 	David Yonce
	Title:	 	President

			
	GoldenTree Asset Management, L.P., as Lead Arranger and as Syndication Agent
	By: GoldenTree Asset Management, LP
		
	By:	 	/s/    JONATHAN EZROW
	Name:	 	Jonathan Ezrow
	Title:	 	Portfolio Manager
	
	 The Bank of New York, as Administrative Agent
 and Collateral Agent

		
	By:	 	/s/    MERVYN YAN
	Name:	 	Mervyn Yan
	Title:	 	Assistant Treasurer
	
	GoldenTree Capital Solutions Fund Financing, as Lender
	By: GoldenTree Asset Management, LP
		
	By:	 	/s/    JONATHAN EZROW
	Name:	 	Jonathan Ezrow
	Title:	 	Portfolio Manager
	
	GoldenTree Capital Opportunities, LP, as Lender
	By: GoldenTree Asset Management, LP
		
	By:	 	/s/    JONATHAN EZROW
	Name:	 	Jonathan Ezrow
	Title:	 	Portfolio Manager
	
	GoldenTree Capital Solutions Offshore Fund Financing, as Lender
	By: GoldenTree Asset Management, LP
		
	By:	 	/s/    JONATHAN EZROW
	Name:	 	Jonathan Ezrow
	Title:	 	Portfolio Manager
	
	GoldenTree 2004 Trust, as Lender
	By: GoldenTree Asset Management, LP
		
	By:	 	/s/    JONATHAN EZROW
	Name:	 	Jonathan Ezrow
	Title:	 	Portfolio Manager

  

			
	GoldenTree Credit Opportunities Financing I, Ltd., as Lender
	By: GoldenTree Asset Management, LP
		
	By:	 	/s/    JONATHAN EZROW
	Name:	 	Jonathan Ezrow
	Title:	 	Portfolio Manager
	
	GoldenTree Credit Opportunities Financing II, Ltd., as Lender
	By: GoldenTree Asset Management, LP
		
	By:	 	/s/    JONATHAN EZROW
	Name:	 	Jonathan Ezrow
	Title:	 	Portfolio Manager

 Appendix A 
 Commitment Schedule 
  

			
	GoldenTree 2004 Trust	  	33,743,824.68
	GoldenTree Credit Opportunities Financing I, Ltd.	  	22,680,930.57
	GoldenTree Credit Opportunities Financing II, Ltd.	  	4,147,273.02
	GoldenTree Capital Opportunities, LP	  	5,261,955.46
	GoldenTree Capital Solutions Fund Financing	  	8,294,765.09
	GoldenTree Capital Solutions Offshore Fund Financing	  	10,871,251.18
	 TOTAL
	  	85,000,000.00

 Appendix B 
 The Bank of New York 
 101 Barclay Street - 8 East 
 New
York, NY 10286 
  

 1

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