Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 CREDIT AGREEMENT

 dated as of July 8, 2022, 

among 
 THE KRAFT HEINZ COMPANY,

 KRAFT HEINZ FOODS COMPANY, 

THE OTHER BORROWERS PARTY HERETO FROM TIME TO TIME, 

THE LENDERS PARTY HERETO FROM TIME TO TIME 

and 
 JPMORGAN CHASE BANK, N.A.,

 as Administrative Agent 
  

 
 JPMORGAN CHASE
BANK, N.A., BOFA SECURITIES, INC., BARCLAYS BANK PLC, CITIBANK, N.A., DEUTSCHE BANK SECURITIES INC., MORGAN STANLEY SENIOR FUNDING, INC., ROYAL BANK OF CANADA and WELLS FARGO SECURITIES, LLC, 

as Revolving Joint Lead Arrangers and Revolving Joint Bookrunners 

BANK OF AMERICA, N.A., 
 BARCLAYS
BANK PLC, 
 CITIBANK, N.A., 

DEUTSCHE BANK SECURITIES INC., 

MORGAN STANLEY SENIOR FUNDING, INC., 

ROYAL BANK OF CANADA 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Revolving Syndication Agents 
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
		 	ARTICLE I	  			
			
		 	Definitions and Accounting Terms	  			
			
	 SECTION 1.01
	 	Certain Defined Terms	  	 	1	 
	 SECTION 1.02
	 	Computation of Time Periods; Terms Generally	  	 	35	 
	 SECTION 1.03
	 	Accounting Terms	  	 	36	 
	 SECTION 1.04
	 	Exchange Rates	  	 	36	 
	 SECTION 1.05
	 	Interest Rates; Benchmark Notification	  	 	37	 
	 SECTION 1.06
	 	Divisions	  	 	37	 
			
		 	ARTICLE II	  			
			
		 	Amounts and Terms of the Loans and Letters of Credit	  			
			
	 SECTION 2.01
	 	Commitments	  	 	37	 
	 SECTION 2.02
	 	Making the Committed Loans	  	 	38	 
	 SECTION 2.03
	 	Repayment of Committed Loans	  	 	41	 
	 SECTION 2.04
	 	Interest on Committed Loans	  	 	41	 
	 SECTION 2.05
	 	Conversion and Continuation of Committed Loans	  	 	43	 
	 SECTION 2.06
	 	Competitive Bid Loans	  	 	45	 
	 SECTION 2.07
	 	Alternate Rate of Interest	  	 	49	 
	 SECTION 2.08
	 	Fees	  	 	52	 
	 SECTION 2.09
	 	Termination, Reduction or Redesignation of Commitments; Extension of Revolving Maturity Date	  	 	54	 
	 SECTION 2.10
	 	Prepayments of Committed Loans and Swingline Loans	  	 	57	 
	 SECTION 2.11
	 	Increased Costs	  	 	58	 
	 SECTION 2.12
	 	Illegality	  	 	60	 
	 SECTION 2.13
	 	Payments and Computations	  	 	61	 
	 SECTION 2.14
	 	Taxes	  	 	63	 
	 SECTION 2.15
	 	Sharing of Payments, Etc.	  	 	67	 
	 SECTION 2.16
	 	Evidence of Debt	  	 	68	 
	 SECTION 2.17
	 	Incremental Facilities	  	 	68	 
	 SECTION 2.18
	 	Use of Proceeds	  	 	70	 
	 SECTION 2.19
	 	Defaulting Lenders	  	 	70	 
	 SECTION 2.20
	 	Letters of Credit	  	 	72	 
	 SECTION 2.21
	 	Swingline Loans	  	 	81	 
			
		 	 ARTICLE III
	  			
			
		 	 Conditions to Lending
	  			
			
	 SECTION 3.01
	 	Conditions Precedent to Closing Date	  	 	83	 
	 SECTION 3.02
	 	Initial Credit Extension to Each Designated Subsidiary	  	 	85	 

							
	 	 	 	  	Page	 
			
	 SECTION 3.03
	 	Conditions Precedent to Each Revolving Borrowing, Swingline Loan and Letter of Credit Issuance or Extension	  	 	85	 
	 SECTION 3.04
	 	Conditions Precedent to Each Competitive Bid Borrowing	  	 	86	 
			
		 	 ARTICLE IV
	  			
			
		 	 Representations and Warranties
	  			
			
	 SECTION 4.01
	 	Representations and Warranties of Kraft Heinz and the Parent Borrower	  	 	87	 
			
		 	 ARTICLE V
	  			
			
		 	 Covenants
	  			
			
	 SECTION 5.01
	 	Affirmative Covenants	  	 	89	 
	 SECTION 5.02
	 	Negative Covenants	  	 	91	 
			
		 	 ARTICLE VI
	  			
			
		 	 Events of Default
	  			
			
	 SECTION 6.01
	 	Events of Default	  	 	95	 
	 SECTION 6.02
	 	Lenders’ Rights upon Event of Default	  	 	97	 
			
		 	 ARTICLE VII
	  			
			
		 	 The Administrative Agent
	  			
			
	 SECTION 7.01
	 	Authorization and Action	  	 	97	 
	 SECTION 7.02
	 	Administrative Agent’s Reliance, Etc.	  	 	98	 
	 SECTION 7.03
	 	The Administrative Agent and Affiliates	  	 	99	 
	 SECTION 7.04
	 	Acknowledgment and Agreements of Lenders and Issuing Banks	  	 	100	 
	 SECTION 7.05
	 	[Reserved.]	  	 	101	 
	 SECTION 7.06
	 	Successor Administrative Agent	  	 	102	 
	 SECTION 7.07
	 	Syndication Agents and Arrangers	  	 	102	 
	 SECTION 7.08
	 	Withholding Tax	  	 	102	 
	 SECTION 7.09
	 	Sub-Agents	  	 	103	 
	 SECTION 7.10
	 	Administrative Agent Satisfaction Right	  	 	103	 
	 SECTION 7.11
	 	Administrative Agent May File Proofs of Claim	  	 	103	 
	 SECTION 7.12
	 	Certain ERISA Matters	  	 	104	 

  
 -ii- 

							
		 		  	 	Page	 
			
		 	ARTICLE VIII	  			
			
		 	Guaranty	  			
	 SECTION 8.01
	 	Guaranty	  	 	105	 
	 SECTION 8.02
	 	Guaranty Absolute	  	 	105	 
	 SECTION 8.03
	 	Waivers	  	 	106	 
	 SECTION 8.04
	 	Continuing Guaranty	  	 	107	 
			
		 	ARTICLE IX	  			
			
		 	Miscellaneous	  			
			
	 SECTION 9.01
	 	Amendments, Etc.; Limitations on Affiliated Lenders	  	 	107	 
	 SECTION 9.02
	 	Notices, Etc.	  	 	111	 
	 SECTION 9.03
	 	No Waiver; Remedies	  	 	113	 
	 SECTION 9.04
	 	Costs and Expenses; Breakage; Indemnification; Limitation of Liability	  	 	113	 
	 SECTION 9.05
	 	Right of Set-Off	  	 	115	 
	 SECTION 9.06
	 	Binding Effect; Survival	  	 	116	 
	 SECTION 9.07
	 	Assignments and Participations	  	 	116	 
	 SECTION 9.08
	 	Designated Subsidiaries	  	 	121	 
	 SECTION 9.09
	 	Governing Law	  	 	123	 
	 SECTION 9.10
	 	Execution in Counterparts; Electronic Execution	  	 	123	 
	 SECTION 9.11
	 	Jurisdiction, Etc.	  	 	124	 
	 SECTION 9.12
	 	Confidentiality	  	 	126	 
	 SECTION 9.13
	 	Integration	  	 	126	 
	 SECTION 9.14
	 	Severability	  	 	127	 
	 SECTION 9.15
	 	Headings	  	 	127	 
	 SECTION 9.16
	 	USA Patriot Act Notice	  	 	127	 
	 SECTION 9.17
	 	Conversion of Currencies	  	 	127	 
	 SECTION 9.18
	 	Interest Rate Limitation	  	 	127	 
	 SECTION 9.19
	 	No Fiduciary Relationship	  	 	128	 
	 SECTION 9.20
	 	Non-Public Information	  	 	128	 
	 SECTION 9.21
	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	128	 

  

					
	SCHEDULES	  		  	
			
	Schedule 2.01	  	—	  	Lenders and Commitments
	Schedule 2.20A	  	—	  	Existing Letters of Credit
	Schedule 2.20B	  	—	  	Issuing Banks and Letter of Credit Commitments
	Schedule 2.21	  	—	  	Swingline Commitments

  
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	EXHIBITS	  		  	
			
	Exhibit A-1	  	—	  	Form of Revolving Note
	Exhibit A-2	  	—	  	Form of Competitive Bid Note
	Exhibit A-3	  	—	  	Form of Term Note
	Exhibit A-4	  	—	  	Form of Swingline Note
	Exhibit B-1	  	—	  	Form of Notice of Committed Borrowing
	Exhibit B-2	  	—	  	Form of Notice of Conversion/Continuation
	Exhibit B-3	  	—	  	Form of Notice of Competitive Bid Borrowing
	Exhibit C-1	  	—	  	Form of Assignment and Assumption
	Exhibit C-2	  	—	  	Form of Affiliated Lender Assignment and Assumption
	Exhibit D	  	—	  	Form of Designation Agreement
	Exhibit E	  	—	  	Form of Notice of Issuance
	Exhibit F	  	—	  	Form of Notice of Swingline Borrowing

  

  
 -iv- 

 CREDIT AGREEMENT dated as of July 8, 2022 (as amended, restated, amended and restated,
supplemented or otherwise modified from time to time, this “Agreement”), among THE KRAFT HEINZ COMPANY, a Delaware corporation (“Kraft Heinz”), KRAFT HEINZ FOODS COMPANY, a Pennsylvania limited liability company
(the “Parent Borrower”), the OTHER BORROWERS from time to time party hereto, the LENDERS from time to time party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent. 

The parties hereto agree as follows: 

ARTICLE I 
 Definitions and
Accounting Terms 
 SECTION 1.01 Certain Defined Terms. As used in this Agreement, the following terms shall have the following
meanings: 
 “Adjusted Daily Simple SOFR” means, with respect to any RFR Borrowing denominated in US Dollars, an interest
rate per annum equal to (a) the Daily Simple SOFR plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR shall be less than zero, such rate shall be deemed to be zero. 

“Adjusted Term SOFR” means, with respect to any Term Benchmark Borrowing denominated in US Dollars for any Interest Period,
an interest rate per annum equal to (a) the Term SOFR for such Interest Period plus (b) 0.10%; provided that if the Adjusted Term SOFR shall be less than zero, such rate shall be deemed to be zero. 

“Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent hereunder and under the other
Loan Documents, and its successors in such capacity as provided in Article VII. Unless the context requires otherwise, the term “Administrative Agent” shall include any branch or Affiliate of JPMorgan Chase Bank, N.A. through which it
shall perform any of its obligations in such capacity hereunder. 
 “Administrative Agent Account” means such account of
the Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Parent Borrower and the Lenders. 

“Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Administrative Agent. 

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

“Affiliate” means, with respect to a specified Person, another Person that directly or indirectly Controls or is Controlled
by or is under common Control with the Person specified. 
 “Affiliated Lender” means any fund or other similar investment
vehicle under the control of any Sponsor; provided that the term “Affiliated Lender” shall not include Kraft Heinz, any Subsidiary of Kraft Heinz or any other Person any Equity Interests in which are directly or indirectly held by
Kraft Heinz. 
  

 “Affiliated Lender Limitation” means the requirement that the aggregate
amount of the Term Loans held or beneficially owned by all the Affiliated Lenders, taken as a whole, shall not at any time exceed 25% of the aggregate amount of the Term Loans of all the Term Lenders at such time. 

“Aggregate Alternative Currency Revolving Exposure” means, at any time, the portion of the Aggregate Multicurrency Tranche
Revolving Exposure at such time attributable to Multicurrency Tranche Revolving Loans denominated in Euro, Sterling or Canadian Dollars. 

“Aggregate Competitive Bid Exposure” means, at any time, the sum of the Competitive Bid Exposures of all Revolving Lenders at
such time. 
 “Aggregate Multicurrency Tranche Revolving Commitments” means, at any time, the sum of the Multicurrency
Tranche Revolving Commitments in effect at such time. 
 “Aggregate Multicurrency Tranche Revolving Exposure”
means, at any time, the aggregate amount of (a) the sum of the US Dollar Equivalent Amounts of the principal amount of all the Multicurrency Tranche Revolving Loans outstanding at such time, (b) the total Letter of Credit Exposure at
such time and (c) the total Swingline Exposure at such time. 
 “Aggregate Revolving Commitments” means, at any time,
the sum of the Multicurrency Tranche Revolving Commitments and the US Tranche Revolving Commitments in effect at such time. 

“Aggregate Revolving Exposure” means, at any time, the aggregate amount of (a) the sum of the US Dollar Equivalent
Amounts of the principal amounts of all Revolving Loans outstanding at such time, (b) the total Letter of Credit Exposure at such time and (c) the total Swingline Exposure at such time. 

“Aggregate US Tranche Revolving Commitments” means, at any time, the sum of the US Tranche Revolving Commitments in effect at
such time. 
 “Aggregate US Tranche Revolving Exposure” means, at any time, the aggregate principal amount of all the US
Tranche Revolving Loans outstanding at such time. 
 “Agreed Currencies” means US Dollars, Canadian Dollars, Euro and
Sterling. 
 “Agreement” has the meaning specified in the preamble. 

“Agreement Currency” has the meaning specified in Section 9.17. 

“Alternative Currency” means any lawful currency (other than US Dollars) that is readily available and freely
transferable and convertible into US Dollars. 
 “Alternative Currency Sublimit” means US$1,000,000,000. 

  
 -2- 

 “Ancillary Document” has the meaning specified in
Section 9.10. 
 “Anti-Corruption Laws” means all laws, rules, and regulations of the United
States from time to time concerning or relating to bribery or corruption, including the FCPA, and the Bribery Act 2010 (U.K.). 

“Applicable Creditor” has the meaning specified in Section 9.17. 

“Applicable Interest Rate Margin” means the Applicable Revolving Interest Rate Margin or the Applicable Term Interest Rate
Margin, as the context requires. 
 “Applicable Revolving Interest Rate Margin” means, on any date, (a) as to any
Revolving Loan that is a Base Rate Loan or Canadian Prime Rate Loan, the applicable rate per annum set forth below under the caption “Base Rate/Canadian Prime Rate Spread” and (b) as to any Revolving Loan that is a Term Benchmark Loan
or RFR Loan, the applicable rate per annum set forth below under the caption “Term Benchmark/RFR Spread”, determined by reference to (i) the rating of the Parent Borrower’s long-term senior unsecured, non-credit enhanced Debt from S&P and (ii) the rating of the Parent Borrower’s long-term senior unsecured, non-credit enhanced Debt from Moody’s, in each
case applicable on such date: 
  

											
	 Category
	  	 Long-Term Senior Unsecured,
Non-Credit Enhanced Debt Rating
	  	Base
Rate/
Canadian
Prime
Rate
Spread	 	 	Term
Benchmark/RFR
Spread	 
	 I
	  	 BBB+ or higher by S&P
 Baa1 or higher by
Moody’s
	  	 	0.000	% 	 	 	1.000	% 
	 II
	  	 BBB by S&P
 Baa2 by Moody’s
	  	 	0.125	% 	 	 	1.125	% 
	 III
	  	 BBB- by S&P

Baa3 by Moody’s
	  	 	0.250	% 	 	 	1.250	% 
	 IV
	  	 BB+ by S&P
 Ba1 by Moody’s
	  	 	0.500	% 	 	 	1.500	% 
	 V
	  	 Lower than BB+ by S&P
 Lower than Ba1 by
Moody’s
	  	 	0.750	% 	 	 	1.750	% 

 provided that, on any date of determination pursuant to clause (a) or (b) above, (A) if such ratings
established by S&P and Moody’s shall fall within different Categories, the Applicable Revolving Interest Rate Margin shall be the applicable rate per annum corresponding to the higher (or numerically lower) of such Categories unless one of
the ratings is two or more Categories lower than the other, in which case the Applicable Revolving Interest Rate Margin shall be determined by reference to the Category next below that Category corresponding to the higher of the two ratings and
(B) if either S&P or Moody’s shall not have in effect such a rating, then such rating agency shall be deemed to have established a rating in Category V. If such ratings established by S&P or Moody’s shall change (other than as
a result of a change in the rating system of S&P or Moody’s), such change shall be effective as of the date on which it is first announced by the 

  
 -3- 

 
applicable rating agency. Each change in the Applicable Revolving Interest Rate Margin shall apply during the period commencing on the effective date of such change and ending on the date
immediately preceding the effective date of the next such change. If the rating system of S&P or Moody’s shall change and such change shall result in a use of ratings other than those set forth above, or if any such rating agency shall
cease to be in the business of rating corporate debt obligations, the Parent Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating
agency and, pending the effectiveness of any such amendment, the rating of such rating agency most recently in effect prior to such change or cessation shall be used in determining the Applicable Revolving Interest Rate Margin. 

“Applicable Revolving Unused Line Fee Rate” means, on any date, a percentage per annum equal to the percentage set forth
below determined by reference to (a) the rating of the Parent Borrower’s long-term senior unsecured, non-credit enhanced Debt from S&P and (b) the rating of the Parent Borrower’s
long-term senior unsecured, non-credit enhanced Debt from Moody’s, in each case applicable on such date: 
  

							
	 Category
	  	 Long-Term Senior Unsecured,
Non-Credit
 Enhanced Debt Rating
	  	Applicable
Revolving
Unused
Line Fee
Rate	 
	I	  	 BBB+ or higher by S&P
 Baa1 or higher by
Moody’s
	  	 	0.090	% 
	II	  	 BBB by S&P
 Baa2 by Moody’s
	  	 	0.100	% 
	III	  	 BBB- by S&P

Baa3 by Moody’s
	  	 	0.125	% 
	IV	  	 BB+ by S&P
 Ba1 by Moody’s
	  	 	0.225	% 
	V	  	 Lower than BB+ by S&P
 Lower than Ba1 by
Moody’s
	  	 	0.250	% 

 provided that, on any date of determination, (i) if such ratings established by S&P and Moody’s shall
fall within different Categories, the Applicable Revolving Unused Line Fee Rate shall be the applicable rate per annum corresponding to the higher (or numerically lower) of such Categories unless one of the ratings is two or more Categories lower
than the other, in which case the Applicable Revolving Unused Line Fee Rate shall be determined by reference to the Category next below that Category corresponding to the higher of the two ratings and (ii) if either S&P or Moody’s
shall not have in effect such a rating, then such rating agency shall be deemed to have established a rating in Category V. If such ratings established by S&P or Moody’s shall change (other than as a result of a change in the rating system
of S&P or Moody’s), such change shall be effective as of the date on which it is first announced by the applicable rating agency. Each change in the Applicable Revolving Unused Line Fee Rate shall apply during the period commencing on the
effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of S&P or Moody’s shall change and such change 

  
 -4- 

 
shall result in a use of ratings other than those set forth above, or if any such rating agency shall cease to be in the business of rating corporate debt obligations, the Parent Borrower and the
Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the rating of such rating agency most
recently in effect prior to such change or cessation shall be used in determining the Applicable Revolving Unused Line Fee Rate. 

“Applicable Term Interest Rate Margin” means, on any date, as to any Term Loan, the applicable rate per annum set forth in
the applicable Increase Amendment. 
 “Applicable Time” means, with respect to any Borrowings and payments in any currency
other than US Dollars, the local time in the place of settlement for such currency as may be determined by the Administrative Agent to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place
of payment. 
 “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible
Assignee, and accepted by the Administrative Agent, (a) other than in the case of any assignment by or to an Affiliated Lender, an Assignment and Assumption substantially in form of Exhibit C-1, and
(b) in the case of any assignment by or to an Affiliated Lender, an Affiliated Lender Assignment and Assumption substantially in the form of Exhibit C-2 (in each case, including electronic records
generated by the use of an electronic platform). 
 “Augmenting Lender” has the meaning specified in
Section 2.17(a). 
 “Available Tenor” means, as of any date of determination and with respect to
the then-current Benchmark for any Agreed Currency, any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as applicable, that is or may be used for
determining the length of an Interest Period for any term rate or otherwise for determining any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor
for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to Section 2.07(b)(iv). 

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

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

  
 -5- 

 “Bankruptcy Event” means, with respect to any Person, such Person becomes
the subject of a voluntary or involuntary bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or
liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment
or has had any order for relief in such proceeding entered in respect thereof; provided that (a) a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person
by a Governmental Authority, unless such ownership interest results in or provides such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or
permits such Person (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person, and (b) if such Person or its direct or indirect parent company is solvent, a Bankruptcy Event
shall not result solely by virtue of an Undisclosed Administration. 
 “Base Rate” means, for any day, a rate per annum
equal to the highest of: 
  

	 	(a)	 the Prime Rate in effect on such day; 

 

	 	(b)	 1/2 of 1% per annum above the NYFRB Rate in effect on such day; and 

 

	 	(c)	 the Adjusted Term SOFR for a one-month Interest Period as published two
US Government Securities Business Days prior to such day (or if such day is not a US Government Securities Business Day, the immediately preceding US Government Securities Business Day) plus 1% per annum; 

provided that (i) for purposes of clause (c) above, the Adjusted Term SOFR on any day shall be based on the Term SOFR Reference Rate at
approximately 5:00 a.m., Chicago time, on such day (or any amended publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology); provided that (i) if
such rate shall be less than zero, such rate shall be deemed to be zero and (ii) if such rate cannot be determined, such rate shall be deemed to be zero. Any change in the Base Rate due to a change in the Prime Rate, the NYFRB Rate or the
Adjusted Term SOFR shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted Term SOFR, respectively. 

“Base Rate Borrowing” means a Borrowing comprised of Base Rate Loans. 

“Base Rate Loan” means a Committed Loan that bears interest by reference to the Base Rate. 

“Benchmark” means, initially, with respect to any Loan denominated in any Agreed Currency, the Relevant Rate for Loans
denominated in such Agreed Currency; provided that if a Benchmark Transition Event and the related Benchmark Replacement Date have occurred with respect to the applicable Relevant Rate or the then current Benchmark for such Agreed Currency,
then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.07(b)(i). 

  
 -6- 

 “Benchmark Replacement” means, for any Available Tenor, the first
alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date; provided that, in the case of any Loan denominated in any Alternative Currency, “Benchmark
Replacement” means the alternative set forth in clause (2) below: 
 (1) in the case of any Loan denominated in US
Dollars, the Adjusted Daily Simple SOFR; and 
 (2) the sum of: (a) the alternate benchmark rate that has been
mutually selected by the Administrative Agent and the Parent Borrower as the replacement for the then current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement
benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body and/or (ii) any evolving or then prevailing market convention for determining a benchmark rate as a replacement for the then current Benchmark for
syndicated credit facilities denominated in the applicable Agreed Currency at such time in the United States and (b) the related Benchmark Replacement Adjustment. 

If the Benchmark Replacement as determined pursuant to clause (1) or (2) above would be less than the Floor, the Benchmark
Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents. 
 “Benchmark
Replacement Adjustment” means, with respect to any replacement of the then current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark
Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Parent Borrower for the applicable
Corresponding Tenor giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted
Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such
spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for syndicated credit facilities denominated in the applicable Agreed Currency at such time in the United States. 

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement and/or any Term Benchmark Loan
denominated in US Dollars, any technical, administrative or operational changes (including changes to the definition of “Base Rate”, the definition of “Canadian Prime Rate”, the definition of “Business Day”, the
definition of “Interest Period”, the definition of “RFR Business Day”, the definition of “US Government Securities Business Day”, timing and frequency of determining rates and making payments of interest, timing of
borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions and other technical, administrative or operational matters) that the Administrative Agent decides in its
reasonable discretion may be appropriate to reflect the adoption and 

  
 -7- 

 
implementation of the applicable Benchmark and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the
Administrative Agent decides in its reasonable discretion that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines in its reasonable discretion that no market practice for the
administration of such Benchmark exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents). 

“Benchmark Replacement Date” means, with respect to any Benchmark, the earliest to occur of the following events with respect
to such then current Benchmark: 
 (1) in the case of clause (1) or (2) of the definition of “Benchmark
Transition Event”, the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation
thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); or 

(2) in the case of clause (3) of the definition of “Benchmark Transition Event”, the first date on which such
Benchmark (or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be no longer representative; provided
that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such clause (3) and even if any Available Tenor of such Benchmark (or such
component thereof) continues to be provided on such date. 
 For the avoidance of doubt, (x) if the event giving rise to the Benchmark
Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (y) the
“Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1) or (2) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then current
Available Tenors of such Benchmark (or the published component used in the calculation thereof). 
 “Benchmark Transition
Event” means, with respect to any Benchmark, the occurrence of one or more of the following events with respect to such then current Benchmark: 

(1) a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the
published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely; provided that, at the
time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); 

  
 -8- 

 (2) a public statement or publication of information by the regulatory
supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof), the Federal Reserve Board, the NYFRB, the CME Term SOFR Administrator, the central bank for the Agreed Currency applicable to such
Benchmark, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with
similar insolvency or resolution authority over the administrator for such Benchmark (or such component), in each case, which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available
Tenors of such Benchmark (or such component thereof) permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such
Benchmark (or such component thereof); or 
 (3) a public statement or publication of information by the regulatory
supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer, or as of a specified future date will
no longer be, representative. 
 For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with
respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then current Available Tenor of such Benchmark (or the published component used in the calculation thereof). 

“Benchmark Unavailability Period” means, with respect to any Benchmark, the period (if any) (a) beginning at the time
that a Benchmark Replacement Date pursuant to clause (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced such then current Benchmark for all purposes hereunder and under any Loan Document in
accordance with Section 2.07(b) and (b) ending at the time that a Benchmark Replacement has replaced such then current Benchmark for all purposes hereunder and under any other Loan Document in accordance with
Section 2.07(b). 
 “Beneficial Ownership Certification” means a certification regarding
beneficial ownership as required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31
C.F.R. § 1010.230. 
 “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in
ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of
Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“Borrowers” means, collectively, (a) the Parent Borrower and (b) each Designated Subsidiary that shall become a
party to this Agreement pursuant to Section 9.08, other than any such Designated Subsidiary that has ceased to be a Designated Subsidiary that is party thereto as provided in Section 9.08. 

“Borrowing” means a Revolving Borrowing, a Competitive Bid Borrowing, a Swingline Loan or a Term Borrowing, or a combination
thereof, as the context requires. 

  
 -9- 

 “Borrowing Minimum” means (a) in the case of a Borrowing denominated
in US Dollars, US$25,000,000 and (b) in the case of a Borrowing denominated in Euro, Sterling or Canadian Dollars, the smallest amount of such currency that is a multiple of 1,000,000 units of such currency and that has a US Dollar
Equivalent Amount of US$25,000,000 or more. 
 “Borrowing Multiple” means (a) in the case of a Borrowing denominated
in US Dollars, US$1,000,000 and (b) in the case of a Borrowing denominated in Euro, Sterling or Canadian Dollars, the smallest amount of such currency that is a multiple of 1,000,000 units of such currency and that has a US Dollar
Equivalent Amount of US$1,000,000 or more. 
 “Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in New York City or Chicago are authorized or required by law to remain closed; provided that (a) when used in connection with any Loan denominated in Euro or in connection with the calculation or computation of
the EURIBO Rate, the term “Business Day” shall also exclude any day which is not a TARGET Day, (b) when used in connection with a CDO Rate Loan, the term “Business Day” shall also exclude any day on which banks are not open
for business in Toronto, (c) when used in connection with an RFR Loan, the term “Business Day” shall also exclude any day that is not an RFR Business Day and (d) when used in connection with a Term SOFR Loan, the term
“Business Day” shall also exclude any day that is not a US Government Securities Business Day. 
 “Canadian
Dollars” or “C$” means the lawful currency of Canada. 
 “Canadian Prime Rate” means, on any day,
the rate determined by the Administrative Agent to be the higher of (a) the rate equal to the PRIMCAN Index rate as set forth on the Bloomberg screen (or, in the event that the PRIMCAN Index does not appear on a page of the Bloomberg screen, on
the appropriate page of such other information service that publishes such index as shall be selected by the Administrative Agent from time to time in its reasonable discretion) at 10:15 a.m., Toronto time, on such day and (b) the average rate
for 30 day Canadian Dollar bankers’ acceptances as set forth on the Reuters screen page that displays such rate (currently Reuters Screen CDOR Page) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate
page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion) at 10:15 a.m., Toronto time, on such day, plus 1% per annum; provided, that
(i) if any the above rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement and (ii) if such rate shall not be available, such rate shall be deemed to be zero for purposes of this Agreement. Any
change in the Canadian Prime Rate due to a change in the PRIMCAN Index or the CDO Rate shall be effective from and including the effective date of such change in the PRIMCAN Index or CDO Rate, respectively. 

“Canadian Prime Rate Borrowing” means a Borrowing comprised of Canadian Prime Rate Loans. 

“Canadian Prime Rate Loan” means a Revolving Loan that bears interest by reference to the Canadian Prime Rate. 

“Cash Collateralization Date” has the meaning specified in Section 2.20(g)(ii). 

  
 -10- 

 “Cash Collateralize” has the meaning specified in
Section 2.20(g)(i). 
 “CBR Loan” means a Loan that bears interest at a rate determined by
reference to the Central Bank Rate. 
 “CBR Spread” means, with respect to any CBR Loan at any time, the Applicable
Revolving Interest Rate Margin that would be applicable at such time to the Loan that was converted into such CBR Loan in accordance herewith. 

“CDO Rate” means, with respect to any CDO Rate Loan or any Floating Rate Bid Loan denominated in Canadian Dollars for any
Interest Period, the CDO Screen Rate (rounded if necessary to the nearest 1/100 of 1.00% (with 0.005% being rounded up)) at approximately 10:15 a.m., Toronto time, on the first day of such Interest Period (and, if such day is not a Business Day,
then on the immediately preceding Business Day) (as adjusted by the Administrative Agent after 10:15 a.m., Toronto time, to reflect any error in the posted rate of interest or in the posted average annual rate of interest); provided that if the CDO
Rate as so determined would be less than zero, such rate shall be deemed to be zero. 
 “CDO Rate Loan” means a Revolving
Loan that bears interest by reference to the CDO Rate (other than as a result of clause (b) of the definition of Canadian Prime Rate). 

“CDO Screen Rate” means a rate per annum equal to the average rate applicable to Canadian bankers’ acceptances
denominated in Canadian Dollars for the applicable period as displayed on the “Reuters Screen CDOR Page” as defined in the International Swap Dealer Association, Inc. definitions, as modified or amended from time to time (or, in the event
such rate does not appear on such page or screen, on any successor or substitute page or screen that displays such rate or on the appropriate page of such other information service that publishes such rate from time to time, as shall be selected by
the Administrative Agent from time to time in its reasonable discretion); provided that if the CDO Screen Rate shall be less than zero, such rate shall be deemed to be zero. 

“Central Bank Rate” means (a) the greater of (i) (A) for any Loan denominated in Canadian Dollars, the Bank of
Canada’s (or any successor thereto) “Bank Rate” as published by the Bank of Canada (or any successor thereto) from time to time, (B) for any Loan denominated in Euro, one of the following three rates as may be selected by the
Administrative Agent in its reasonable discretion: (1) the fixed rate for the main refinancing operations of the European Central Bank (or any successor thereto), or, if that rate is not published, the minimum bid rate for the main refinancing
operations of the European Central Bank (or any successor thereto), each as published by the European Central Bank (or any successor thereto) from time to time, (2) the rate for the marginal lending facility of the European Central Bank (or any
successor thereto), as published by the European Central Bank (or any successor thereto) from time to time or (3) the rate for the deposit facility of the central banking system of the Participating Member States, as published by the European
Central Bank (or any successor thereto) from time to time and (C) for any Loan denominated in Sterling, the Bank of England’s (or any successor thereto) “Bank Rate” as published by the Bank of England (or any successor thereto)
from time to time and (ii) zero, plus (b) the applicable Central Bank Rate Adjustment. 

  
 -11- 

 “Central Bank Rate Adjustment” means, for any day, (a) for any Loan
denominated in Canadian Dollars, a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of the CDO Rate for the five most recent Business Days preceding such day for which the CDO Screen Rate was
available (excluding, from such averaging, the highest and the lowest CDO Rate applicable during such period of five Business Days) minus (ii) the Central Bank Rate in respect of Canadian Dollars in effect on the last Business Day in such
period, (b) for any Loan denominated in Euro, a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of the EURIBO Rate for the five most recent Business Days preceding such day for which the
EURIBO Screen Rate was available (excluding, from such averaging, the highest and the lowest EURIBO Rate applicable during such period of five Business Days) minus (ii) the Central Bank Rate in respect of Euro in effect on the last Business Day
in such period and (c) for any Loan denominated in Sterling, a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of the Daily Simple SONIA for the five most recent RFR Business Days
preceding such day for which the SONIA was available (excluding, from such averaging, the highest and the lowest Daily Simple SONIA applicable during such period of five RFR Business Days) minus (ii) the Central Bank Rate in respect of Sterling
in effect on the last RFR Business Day in such period. For purposes of this definition, (x) the Central Bank Rate shall be determined disregarding clause (b) of the definition of such term and (y) the CDO Rate or the EURIBO Rate on
any day shall be based on the CDO Screen Rate or the EURIBO Screen Rate, as the case may be, on such day at approximately the time referred to in the definition of such term for deposits in Canadian Dollars or Euro, as the case may be, for a
maturity of one month; provided that if such rate shall be less than zero, such rate shall be deemed to be zero . 

“Charges” has the meaning specified in Section 9.18. 

“Class” when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are Multicurrency Tranche Revolving Loans, US Tranche Revolving Loans, Competitive Bid Loans, Swingline Loans or Term Loans, (b) any Commitment, refers to whether such Commitment is a Multicurrency Tranche Revolving Commitment, a US
Tranche Revolving Commitment or a Term Commitment, (c) any Revolving Exposure, refers to whether such Revolving Exposure is Multicurrency Tranche Revolving Exposure or US Tranche Revolving Exposure and (d) any Lender, refers to whether
such Lender has a Loan or Commitment of a particular Class. Additional Classes of Loans, Borrowings, Commitments and Lenders may be established pursuant to Section 2.17. 

“Closing Date” means the first date on which the conditions set forth in Section 3.01 are satisfied
(or waived in accordance with Section 9.01). 
 “CME Term SOFR Administrator” means CME Group
Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (or a successor administrator). 

“Commitment” means a Revolving Commitment or a Term Commitment or any combination thereof, as the context requires. 

  
 -12- 

 “Committed Borrowing” means a Revolving Borrowing or a Term Borrowing or a
combination thereof, as the context requires. 
 “Committed Loan” means a Revolving Loan or a Term Loan or a combination
thereof, as the context requires. 
 “Communications” means, collectively, any notice, demand, communication, information,
document or other material provided by or on behalf of Kraft Heinz, any Borrower or the Administrative Agent pursuant to this Agreement or the transactions contemplated therein that is distributed to the Administrative Agent, any Lender, any Issuing
Bank or any Swingline Lender by means of electronic communications pursuant to Section 9.02, including through Electronic Systems. 

“Competitive Bid Borrowing” means a borrowing consisting of simultaneous Competitive Bid Loans of the same Type and currency
and, in the case of Floating Rate Bid Loans, as to which a single Interest Period is in effect, made to the same Borrower by each of the Revolving Lenders whose offer to make one or more Competitive Bid Loans as part of such borrowing has been
accepted under the competitive bidding procedure described in Section 2.06. 
 “Competitive Bid
Exposure” means, with respect to any Revolving Lender at any time, the sum at such time of the US Dollar Equivalent Amounts of the principal amounts of such Lender’s Competitive Bid Loans outstanding at such time. 

“Competitive Bid Loan” means a Loan by a Revolving Lender to any Borrower as part of a Competitive Bid Borrowing resulting
from the competitive bidding procedure described in Section 2.06. 
 “Competitive Bid Note” means
a promissory note of any Borrower payable to any Lender, or its registered assigns, in substantially the form of Exhibit A-2 hereto, evidencing the indebtedness of such Borrower to such Lender resulting
from a Competitive Bid Loan made by such Lender to such Borrower. 
 “Consolidated Capitalization” means the total assets
appearing on the most recent available consolidated balance sheet of Kraft Heinz and its Subsidiaries, less (a) total current liabilities reflected on such consolidated balance sheet, including liabilities for indebtedness maturing more than 12
months from the date of the original creation thereof, but maturing within 12 months from the date of such consolidated balance sheet, and (b) deferred income tax liabilities reflected in such consolidated balance sheet, all as determined in
accordance with GAAP. 
 “Consolidated Tangible Assets” means the total assets appearing on the most recent available
consolidated balance sheet of Kraft Heinz and its Subsidiaries, less goodwill and other intangible assets and the noncontrolling interests of other Persons in such Subsidiaries, all as determined in accordance with GAAP. 

“Continue”, “Continuation” and “Continued” each refers to a continuation of Term Benchmark
Loans constituting the same Committed Borrowing as Loans of the same Type for a new Interest Period pursuant to the definition of the term Interest Period and Section 2.05. 

  
 -13- 

 “Control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlled” has a meaning correlative thereto. 

“Convert”, “Conversion” and “Converted” each refers to a conversion of Committed Loans
constituting the same Committed Borrowing to Committed Loans of another Type pursuant to Section 2.05(b), 2.05(c), 2.07 or 2.12, except that no Conversion may be made into Daily Simple SOFR Loans except
in accordance with Section 2.07.  
 “Corresponding Tenor” with respect to any Available Tenor
means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. 

“Daily Simple ESTR” means, for any day (an “ESTR Interest Day”), with respect to any Swingline Loan, an
interest rate per annum equal to the greater of (a) ESTR for the day that is one RFR Business Day prior to (i) if such ESTR Interest Day is an RFR Business Day, such ESTR Interest Day or (ii) if such ESTR Interest Day is not an RFR
Business Day, the RFR Business Day immediately preceding such ESTR Interest Day and (b) zero. 
 “Daily Simple RFR”
means, for any day, (a) with respect to any Loan denominated in US Dollars, the Adjusted Daily Simple SOFR for such day, (b) with respect to any Loan denominated in Sterling, the Daily Simple SONIA for such day and (c) with respect to
any Swingline Loan, the Daily Simple ESTR for such day. 
 “Daily Simple SOFR” means, for any day (a “SOFR Interest
Day”), with respect to any Loan denominated in US Dollars, an interest rate per annum equal to SOFR for the day that is three RFR Business Days prior to (a) if such SOFR Interest Day is an RFR Business Day, such SOFR Interest Day or
(b) if such SOFR Interest Day is not an RFR Business Day, the RFR Business Day immediately preceding such SOFR Interest Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website. 

“Daily Simple SOFR Loan” means a Committed Loan that bears interest by reference to the Adjusted Daily Simple SOFR. 

“Daily Simple SONIA” means, for any day (a “SONIA Interest Day”), with respect to any Loan denominated in
Sterling, an interest rate per annum equal to the greater of (a) SONIA for the day that is three RFR Business Days prior to (i) if such SONIA Interest Day is an RFR Business Day, such SONIA Interest Day or (ii) if such SONIA Interest
Day is not an RFR Business Day, the RFR Business Day immediately preceding such SONIA Interest Day and (b) zero. 
 “Daily
Simple SONIA Borrowing” means a Borrowing comprised of Daily Simple SONIA Loans. 
 “Daily Simple SONIA Loan”
means a Revolving Loan that bears interest by reference to the Daily Simple SONIA. 

  
 -14- 

 “Debt” means (a) indebtedness for borrowed money or for the deferred
purchase price of property or services, whether or not evidenced by bonds, debentures, notes or similar instruments, (b) obligations as lessee under leases that, in accordance with GAAP, are required to be recorded as capital leases, and
(c) obligations under direct or indirect guaranties in respect of, and obligations (contingent or otherwise) to purchase or otherwise acquire, or otherwise to assure a creditor against loss in respect of, indebtedness or obligations of any
other Person of the kinds referred to in clause (a) or (b) above. 
 “Default” means any event that constitutes
an Event of Default or that would constitute an Event of Default but for the requirement that notice be given or time elapse or both. 

“Defaulting Lender” means any Lender that (a) has failed, within two Business Days of the date required to be funded or
paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swingline Loans or (iii) pay over to the Administrative Agent, any Issuing Bank, any Swingline Lender or any other Lender
any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a
condition precedent to funding (specifically identified and including the particular Default, if any) has not been satisfied, (b) has notified Kraft Heinz, any Borrower, the Administrative Agent, any Issuing Bank, any Swingline Lender or any
other Lender in writing, or has made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is
based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in
which it commits to extend credit, (c) has failed, within three Business Days after request by the Administrative Agent, any Issuing Bank or any Swingline Lender, acting in good faith, to provide a certification in writing from an authorized
officer of such Lender that it will comply with its obligations (and is financially able to meet such obligations as of the date of certification) to fund prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans
under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt by the Administrative Agent, such Issuing Bank or such Swingline Lender of such certification in form and
substance satisfactory to it and the Administrative Agent, or (d) has become the subject of (i) a Bankruptcy Event or (ii) a Bail-In Action. 

“Designated Subsidiary” means any wholly-owned Subsidiary of the Parent Borrower designated for borrowing privileges under
this Agreement pursuant to Section 9.08, other than any such Designated Subsidiary that has ceased to be a Designated Subsidiary that is party hereto as provided in Section 9.08. 

“Designation Agreement” means, with respect to any Designated Subsidiary, an agreement in the form of Exhibit D hereto
signed by such Designated Subsidiary and the Parent Borrower. 
 “Domestic Subsidiary” means any Subsidiary of the Parent
Borrower incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia. 

  
 -15- 

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

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

“Electronic Signature” means an electronic signature, sound, symbol or process attached to, or associated with, a contract or
other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record. 
 “Electronic
System” means IntralinksTM, ClearPar®, Debt Domain, SyndTrak or any other electronic platform chosen by the Administrative Agent
to be its electronic transmission system. 
 “Eligible Assignee” means (a) a Lender, (b) an Affiliate of a Lender
and (c) any other Person, other than, in each case, (i) Kraft Heinz, the Parent Borrower or their Affiliates (other than, subject to the requirements of Section 9.07, any Affiliated Lender), (ii) a Defaulting
Lender or (iii) a natural person (or a holding company, investment vehicle, investment vehicle or trust for, or owned and operated by or for the primary benefit of, a natural person). 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated
thereunder. 
 “ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a member of Kraft Heinz’s
or any Borrower’s controlled group, or under common control with Kraft Heinz or any Borrower, within the meaning of Section 414(b) or (c) of the Internal Revenue Code or, solely for purposes of Section 412 of the Internal Revenue
Code, under Section 414 of the Internal Revenue Code. 
 “ERISA Event” means (a) (i) the occurrence with respect
to a Plan of a reportable event, within the meaning of Section 4043(c) of ERISA, unless the 30-day notice requirement with respect thereto has been waived by the Pension Benefit Guaranty Corporation (or
any successor) (“PBGC”), or (ii) the requirements of subsection (1) of Section 4043(b) of ERISA (without regard to subsection (2) of such section) are met with respect to a contributing sponsor, as defined in
Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the following 30 days;
(b) the application for a minimum funding waiver with respect to a Plan; (c) the provision by the administrator of any Plan of a notice of intent to terminate such Plan, pursuant to Section 4041(a)(2) of ERISA (including any such
notice with respect to a plan amendment referred to in Section 4041(e) of ERISA); (d) the cessation of operations at a facility 

  
 -16- 

 
of Kraft Heinz or any Borrower or any of their ERISA Affiliates in the circumstances described in Section 4062(e) of ERISA; (e) the withdrawal by Kraft Heinz or any Borrower or any of
their ERISA Affiliates from a Multiple Employer Plan during a plan year for which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA; (f) the conditions set forth in Section 303(k)(1)(A) and (B) of
ERISA to the creation of a Lien upon property or rights to property of Kraft Heinz or any Borrower or any of their ERISA Affiliates for failure to make a required payment to a Plan are satisfied; or (g) the termination of a Plan by the PBGC
pursuant to Section 4042 of ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA that constitutes grounds for the termination by the PBGC of, or the appointment of a trustee to administer, a Plan. 

“ESTR” means a rate per annum equal to the Euro Short Term Rate published by the ESTR Administrator on the ESTR
Administrator’s Website. 
 “ESTR Administrator” means the European Central Bank as administrator of the Euro Short
Term Rate (or any successor administrator). 
 “ESTR Administrator’s Website” means the European Central Bank’s
website, currently at http://www.ecb.europa.eu, or any successor source for the Euro Short Term Rate identified as such by the ESTR Administrator from time to time. 

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

“EURIBO Rate” means, with respect to any EURIBO Rate Loan or any Floating Rate Bid Loan denominated in Euro for any Interest
Period, the EURIBO Screen Rate at approximately 11:00 a.m., Brussels time, two TARGET Days prior to the commencement of such Interest Period; provided that if the EURIBO Rate as so determined would be less than zero, such rate shall be deemed to be
zero. 
 “EURIBO Rate Borrowing” means a Borrowing comprised of EURIBO Rate Loans 

“EURIBO Rate Loan” means a Revolving Loan that bears interest by reference to the EURIBO Rate. 

“EURIBO Screen Rate” means a rate per annum equal to the euro interbank offered rate administered by the European Money
Markets Institute (or any other Person that takes over the administration of such rate) for the applicable period displayed (before any correction, recalculation or republication by the administrator) on the Reuters screen page that displays such
rate (currently EURIBOR01) (or, in the event such rate does not appear on a page of the Reuters screen, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to
time in its reasonable discretion). 
 “Euro” or “€” means the single currency unit of the member
States of the European Community that adopt or have adopted the Euro as their lawful currency in accordance with legislation of the European Community relating to Economic and Monetary Union. 

  
 -17- 

 “Event of Default” has the meaning specified in
Section 6.01. 
 “Exchange Rate” means, as of any date of determination, for purposes of
determining the US Dollar Equivalent Amount of any currency other than US Dollars, the rate at which such currency may be exchanged into US Dollars (or, for purposes of Section 2.20(d), the rate at which US Dollars may
be exchanged into such currency) at the time of determination on such date as last provided (either by publication or as may otherwise be provided to the Administrative Agent) by the applicable Reuters source on the Business Day (determined based on
New York City time) immediately preceding such day of determination. In the event that Reuters ceases to provide such rate of exchange or such rate does not appear on the applicable Reuters source, the Exchange Rate shall be determined by reference
to such other publicly available service for displaying such rate of exchange at such time as shall be selected by the Administrative Agent from time to time in its reasonable discretion. Notwithstanding the foregoing provisions of this definition
or the definition of “US Dollar Equivalent Amount”, each Issuing Bank may, solely for purposes of computing the Letter of Credit Fronting Fee owed to it, compute the US Dollar amounts of the Letter of Credit Exposures
attributable to Letters of Credit issued by such Issuing Bank by reference to exchange rates determined using any reasonable method customarily employed by it for such purpose. 

“Exchange Rate Date” means (a) with respect to any Loan denominated in any currency other than US Dollars, each of
(i) the date of the commencement of the initial Interest Period therefor (or, in the case of an RFR Loan (including a Swingline Loan), the date on which such RFR Loan is made) and (ii) the date of the commencement of each subsequent
Interest Period therefor (or, in the case of an RFR Loan, each date that shall occur at intervals of three months’ duration after the date on which such RFR Loan is made), (b) with respect to any Letter of Credit denominated in any
currency other than US Dollars, each of (i) the date on which such Letter of Credit is issued, (ii) the first Business Day of each calendar month commencing after the date of issuance of such Letter of Credit and (iii) the date of any
amendment of such Letter of Credit that has the effect of increasing the amount thereof and (c) if an Event of Default has occurred and is continuing, any Business Day designated as an Exchange Rate Date by the Administrative Agent in its sole
discretion. 
 “Existing Credit Agreement” means the Credit Agreement dated as of July 6, 2015, as heretofore amended,
among Kraft Heinz, the Parent Borrower, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and J.P. Morgan Europe Limited, as London agent. 

“Existing Letter of Credit” means (a) each letter of credit identified on Schedule 2.20A and (b) any letter of
credit that is issued by any Issuing Bank for the account of the Parent Borrower or any of its Subsidiaries and, subject to compliance with the requirements set forth in Section 2.20 as to the maximum LC Exposure and
expiration of Letters of Credit, is designated after the Closing Date as an Existing Letter of Credit by written notice thereof by the Parent Borrower and such Issuing Bank to the Administrative Agent (which notice, in the case of any such letter of
credit so designated after the Closing Date, shall contain a representation and warranty by the Parent as of the date thereof that the conditions precedent set forth in Section 3.02, if applicable, and
Section 3.03 shall be satisfied immediately after giving effect to such designation). 

  
 -18- 

 “Existing Revolving Maturity Date” has the meaning specified in
Section 2.09(b). 
 “Extending Lender” has the meaning specified in
Section 2.09(b). 
 “Extension Date” has the meaning specified in
Section 2.09(b). 
 “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code as
enacted as of the date hereof (without regard to the delayed effective date) or any amended or successor version that is substantively comparable and, in each case, regulations promulgated thereunder or official interpretations thereof, any
agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code as of the date hereof (or any amended or successor version described above), and any intergovernmental agreement between the United States and another
jurisdiction implementing the foregoing (or any law, regulation or other official administrative interpretation implementing such an intergovernmental agreement). 

“FCPA” means the United States Foreign Corrupt Practices Act of 1977. 

“Federal Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy”. 

“Federal Funds Effective Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds
transactions by depository institutions, as determined in such manner as shall be set forth on the NYFRB’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate;
provided that if such rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Federal Reserve Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Financial Officer” means, with respect to any Person, the chief financial officer, treasurer, assistant treasurer or
controller of such Person. 
 “Fixed Rate Bid Loan” means a Competitive Bid Loan bearing interest based on a fixed rate per
annum as specified in the relevant Notice of Competitive Bid Borrowing. 
 “Floating Rate Bid Loan” means a Competitive Bid
Loan bearing interest at a rate of interest quoted as a margin over (a) in the case of Competitive Bid Loans denominated in US Dollars, the Term SOFR, (b) in the case of Competitive Bid Loans denominated in Euro, the EURIBO Rate,
(c) in the case of Competitive Bid Loans denominated in Canadian Dollars, the CDO Rate or (d) in the case of Competitive Bid Loans denominated in Sterling, the Daily Simple SONIA, in each case as specified in the relevant Notice of
Competitive Bid Borrowing. 
 “Floor” means the benchmark rate floor, if any, provided in this Agreement initially (as of
the Closing Date, the further modification, amendment or renewal of this Agreement or otherwise) with respect to the Relevant Rate. 

  
 -19- 

 “Foreign Subsidiary” means, with respect to any Person, each Subsidiary of
such Person that is not organized under the laws of the United States of America, any state thereof or the District of Columbia. 

“GAAP” means, subject to Section 1.03, accounting principles generally accepted in the United
States of America. 
 “Governmental Authority” means any nation or government, any state or other political subdivision
thereof, any agency, authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government (including any supranational bodies exercising such powers or functions, such as the European Union or the European Central Bank). 

“Guaranteed Obligations” means (a) the due and punctual payment by each Borrower of (i) the principal of and
interest (including interest (including default interest) accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and as
due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by any Borrower under this Agreement or any other Loan Document in respect of any Letter of Credit, when
and as due, including payments in respect of reimbursement of Letter of Credit Disbursements, interest thereon and obligations to provide cash collateral, and (iii) all other monetary obligations of any Borrower under this Agreement or any
other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the
pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and (b) the due and punctual performance of all other obligations of each Borrower under or
pursuant to this Agreement and the other Loan Documents; provided that when such term is used in reference to the Guaranty provided by the Parent Borrower, such term shall not include any of the foregoing Obligations of the Parent Borrower.

 “Guaranteed Party” means (a) the Administrative Agent, (b) the Lenders, (c) the Issuing Banks,
(d) the Joint Lead Arrangers, (e) the beneficiaries of each indemnification obligation undertaken by the Borrowers under this Agreement and (f) the successors and assigns of any of the foregoing. 

“Guaranty” means the undertakings of Kraft Heinz and the Parent Borrower pursuant to Article VIII. 

“Home Jurisdiction Non-U.S. Withholding Taxes” means in the case of a Designated
Subsidiary that is not a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code, withholding taxes imposed by the jurisdiction under the laws of which such Designated Subsidiary is organized,
resident or doing business or any political subdivision thereof. 

  
 -20- 

 “Home Jurisdiction U.S. Withholding Taxes” means, in the case of the Parent
Borrower and a Designated Subsidiary that is a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code, withholding for United States federal income taxes and United States federal back-up withholding taxes. 
 “Increase” has the meaning assigned specified in
Section 2.17(a). 
 “Increase Amendment” has the meaning specified in
Section 2.17(a). 
 “Incremental Term Loan” has the meaning specified in
Section 2.17(a). 
 “Interest Period” means, for each Term Benchmark Loan, comprising part of the
same Committed Borrowing and each Floating Rate Bid Loan comprising part of the same Competitive Bid Borrowing, the period commencing on the date of such Loan, the date of Continuation of such Loan or the date of Conversion of any Loan of any other
Type into such Loan and ending on the last day of the period selected by the applicable Borrower (or the Parent Borrower on its behalf) pursuant to the provisions hereof. The duration of each such Interest Period shall be one, two (solely in the
case of CDO Rate Loans), three or six (other than in the case of CDO Rate Loans) months, as such Borrower may select upon notice received by the Administrative Agent not later than 11:00 a.m., New York City time, on the third Business Day (in the
case of any such Committed Loan) or the fourth or fifth Business Day, as applicable in accordance with Section 2.06(b) (in the case of any such Floating Rate Bid Loan) prior to the first day of such Interest Period;
provided, however, that: 
 (a) such Borrower may not select any Interest Period that ends after the Maturity
Date applicable to such Loan; 
 (b) whenever the last day of any Interest Period would otherwise occur on a day other than a
Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided that if such extension would cause the last day of such Interest Period to occur in the next following calendar month,
the last day of such Interest Period shall occur on the immediately preceding Business Day; and 
 (c) whenever the first day
of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such
Interest Period, such Interest Period shall end on the last Business Day of such succeeding calendar month. 
 “Internal Revenue
Code” means the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated and the rulings issued thereunder. 

“Issuing Bank LC Collateral Account” has the meaning specified in Section 2.20(g)(ii). 

“Issuing Bank” means (a) each Person set forth on Schedule 2.20B and (b) each other Person that agrees to act
in such capacity in accordance with Section 2.20(f), each in its capacity as an issuer of Letters of Credit hereunder (other than any such Person that shall have 

  
 -21- 

 
ceased to be an Issuing Bank as provided in Section 2.20(f)). Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by
branches or Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such branch or Affiliate with respect to Letters of Credit issued by such branch or Affiliate (it being agreed that such Issuing Bank
shall, or shall cause such branch or Affiliate to, comply with the requirements of Section 2.20 with respect to such Letters of Credit). 

“Judgment Currency” has the meaning specified in Section 9.17. 

“Kraft Heinz” has the meaning specified in the preamble. 

“Lender-Related Person” means the Administrative Agent (and any sub-agent thereof),
each Revolving Arranger, the Revolving Syndication Agents, each Issuing Bank, and each Lender (including each Swingline Lender), and each Related Party of any of the foregoing Persons. 

“Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant
to an Assignment and Assumption or an Increase Amendment, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless the context otherwise requires, the term “Lenders” includes the
Swingline Lenders. 
 “Letter of Credit” means (a) any Existing Letter of Credit and (b) any letter of credit
issued under this Agreement by any Issuing Bank. 
 “Letter of Credit Agreement” has the meaning specified in
Section 2.20(a). 
 “Letter of Credit Commitment” means, with respect to any Issuing Bank at any
time, the maximum permitted amount of the LC Exposure that may be attributable to Letters of Credit issued by such Issuing Bank. The amount of the Letter of Credit Commitment of each Issuing Bank is set forth on Schedule 2.20B or in the written
agreement referred to in Section 2.20(f) pursuant to which such Issuing Bank agreed to act as such hereunder or, in each case, is such other maximum amount as may have been agreed in writing (and notified in writing to the
Administrative Agent) by such Issuing Bank and the Parent Borrower. The aggregate amount of the Letter of Credit Commitments as of the Closing Date is US$300,000,000. 

“Letter of Credit Disbursement” means a payment or disbursement made by any Issuing Bank pursuant to a Letter of Credit. 

“Letter of Credit Exposure” means, at any time, the aggregate amount of (a) the sum of the US Dollar Equivalent
Amounts of all outstanding Letter of Credit Disbursements that have not been reimbursed by or on behalf of the applicable Borrower at such time and (b) the sum of the US Dollar Equivalent Amounts of the amounts then available for drawing
under all Letters of Credit outstanding at such time (regardless of whether any conditions for drawing could then be met). For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit
shall be determined in accordance with Sections 1.04 and 2.20(h). The Letter of Credit Exposure of any Lender at any time shall equal its Multicurrency Tranche Revolving Percentage of the total Letter of Credit
Exposure at such time, adjusted to give effect to any reallocation under Section 2.19 of the Letter of Credit Exposure of Defaulting Lenders in effect at such time. 

  
 -22- 

 “Letter of Credit Fronting Fee” has the meaning specified in
Section 2.08(c)(ii).  
 “Letter of Credit Participation Fee” has the meaning specified in
Section 2.08(c)(i). 
 “Letter of Credit Related Documents” has the meaning specified in
Section 2.20(e)(i). 
 “Liabilities” means any losses, claims (including intraparty claims),
demands, damages or liabilities of any kind. 
 “Lien” has the meaning specified in
Section 5.02(a). 
 “Loan Documents” means this Agreement, each Designation Agreement, each
Increase Amendment, each agreement designating an additional Issuing Bank as contemplated by Section 2.20(f) and, other than for purposes of Section 9.01, each Note. 

“Loans” means the loans made by the Lenders to any Borrower pursuant to this Agreement. 

“Major Subsidiary” means any direct or indirect Subsidiary of Kraft Heinz that has at any time total assets (after
intercompany eliminations) exceeding US$5,000,000,000. 
 “Majority in Interest” means, at any time, (a) when
used in reference to Revolving Lenders of any Class, Lenders of such Class having Revolving Exposures of such Class and unused Revolving Commitments of such Class representing more than 50% of the sum of the total Revolving Exposures
of such Class and the total unused Revolving Commitment of such Class at such time and (b) when used in reference to the Term Lenders, Lenders holding outstanding Term Loans and unused Term Commitments representing more than 50% of
all Term Loans and unused Term Commitments outstanding at such time; provided that (i) the Revolving Exposure and Revolving Commitments of any Defaulting Lender and the Term Loans and Term Commitments of any Defaulting Lender or any
Affiliated Lender shall be disregarded in determining Majority in Interest of Lenders of any Class at any time and (ii) for purposes of this definition, Multicurrency Tranche Revolving Exposure of any Lender that is a Swingline Lender
shall be deemed to exclude the amount of its Swingline Exposure in excess of its Multicurrency Tranche Revolving Percentage of the sum of the US Dollar Equivalent Amounts of the principal amounts of all the outstanding Swingline Loans, but
adjusted to give effect to any reallocation under Section 2.19 of the Swingline Exposures of Defaulting Lenders in effect at such time, and the unused Multicurrency Tranche Revolving Commitment of such Lender shall be
determined on the basis of its Multicurrency Tranche Revolving Exposure excluding such excess amount. 
 “Margin Stock”
means margin stock, as defined in Regulation U. 
 “Material Adverse Effect” means a material adverse effect on
(a) the financial condition or operations of Kraft Heinz and its Subsidiaries, taken as a whole, (b) the validity or enforceability of this Agreement or (c) the rights and remedies of the Administrative Agent and the Lenders under
this Agreement, taken as a whole. 

  
 -23- 

 “Maturity Date” means the Revolving Maturity Date or the Term Maturity Date, as
the context requires. 
 “Maximum Rate” has the meaning specified in Section 9.18. 

“Minimum Shareholders’ Equity” means total shareholders’ equity of not less than US$35,000,000,000. 

“MNPI” means material information concerning Kraft Heinz, the Borrowers and their respective Subsidiaries or any securities
of any of the foregoing Persons that has not been disseminated in a manner making it available to investors generally, within the meaning of Regulation FD under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as
amended. For purposes of this definition, “material information” means information concerning Kraft Heinz, the Borrowers and their respective Subsidiaries, or any securities of any of the foregoing, that could reasonably be expected to be
material for purposes of the United States federal and state securities laws. 
 “Moody’s” means Moody’s
Investors Service, Inc. and any successor to its rating agency business. 
 “Multicurrency Tranche Revolving Commitment”
means, with respect to each Lender, the commitment, if any, of such Lender to make Multicurrency Tranche Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the
maximum amount of such Lender’s Multicurrency Tranche Revolving Exposure hereunder, as such commitment may be increased pursuant to Section 2.17, reduced pursuant to Section 2.09 or reduced or
increased pursuant to assignments by or to such Lender pursuant to Section 9.07. The initial amount of each Lender’s Multicurrency Tranche Revolving Commitment is set forth opposite such Lender’s name on
Schedule 2.01 under the column “Multicurrency Tranche Revolving Commitment” or in the Assignment and Assumption or the Increase Amendment pursuant to which such Lender shall have assumed or provided its Multicurrency Tranche Revolving
Commitment. As of the Closing Date, the aggregate amount of the Multicurrency Tranche Revolving Commitments is US$3,950,000,000. 

“Multicurrency Tranche Revolving Exposure” means, with respect to any Lender at any time, the aggregate amount of
(a) the sum of the US Dollar Equivalent Amounts of the principal amounts of such Lender’s Multicurrency Tranche Revolving Loans outstanding at such time, (b) such Lender’s Letter of Credit Exposure at such time and
(c) such Lender’s Swingline Exposure at such time. 
 “Multicurrency Tranche Revolving Percentage” means, with
respect to any Multicurrency Tranche Revolving Lender at any time, the percentage of the Aggregate Multicurrency Tranche Revolving Commitments represented by such Multicurrency Tranche Revolving Lender’s Multicurrency Tranche Revolving
Commitment at such time; provided that, for purposes of Section 2.19 when a Defaulting Lender that is a Multicurrency Tranche Revolving Lender shall exist, the term “Multicurrency Tranche Percentage” shall
mean, with respect to any 

  
 -24- 

 
Multicurrency Tranche Revolving Lender at any such time, the percentage of the Aggregate Multicurrency Tranche Revolving Commitments (disregarding such Defaulting Lender’s Multicurrency
Tranche Revolving Commitment) represented by such Lender’s Multicurrency Tranche Revolving Commitment at such time. If the Multicurrency Tranche Revolving Commitments have terminated or expired, the Multicurrency Tranche Percentages shall be
determined based upon the Multicurrency Tranche Revolving Commitments most recently in effect, giving effect to any assignments and to any Multicurrency Tranche Revolving Lender’s status as a Defaulting Lender at the time of determination. 

“Multicurrency Tranche Revolving Lender” means a Lender with a Multicurrency Tranche Revolving Commitment or Multicurrency
Tranche Revolving Exposure. 
 “Multicurrency Tranche Revolving Loan” means a Loan made by any Multicurrency Tranche
Revolving Lender to any Borrower pursuant to Section 2.01(a)(i)(A). 
 “Multiemployer Plan” means
a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Kraft Heinz or any Borrower or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the preceding five plan years made or
accrued an obligation to make contributions, such plan being maintained pursuant to one or more collective bargaining agreements. 

“Multiple Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is
maintained for employees of Kraft Heinz or any Borrower or any ERISA Affiliate and at least one Person other than Kraft Heinz or such Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which Kraft Heinz or such
Borrower or any ERISA Affiliate would have liability under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 

“Non-Consenting Lender” has the meaning specified in
Section 9.07(h). 
 “Non-Extending Lender” has the
meaning specified in Section 2.09(b). 
 “Non-U.S.
Lender” means, with respect to a Borrower that is a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code, any Lender that is not a “United States person” within the meaning
of Section 7701(a)(30) of the Internal Revenue Code. 
 “Note” means a Revolving Note, a Swingline Note, a Competitive
Bid Note or a Term Note. 
 “Notice of Committed Borrowing” has the meaning specified in
Section 2.02(a). 
 “Notice of Competitive Bid Borrowing” has the meaning specified in
Section 2.06(b). 
 “Notice of Conversion/Continuation” has the meaning specified in
Section 2.05(c). 
 “Notice of Issuance” has the meaning specified in
Section 2.20(a). 

  
 -25- 

 “Notice of Swingline Borrowing” has the meaning specified in
Section 2.21(b). 
 “NYFRB” means the Federal Reserve Bank of New York. 

“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and
(b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, on the immediately preceding Business Day); provided that if both such rates are not so published for any day that is a Business Day,
the term “NYFRB Rate” means the rate quoted for such day for a federal funds transaction at 11:00 a.m., New York City time, on such day received by the Administrative Agent from a Federal funds broker of recognized standing selected by it;
provided, further, that if any of the aforesaid rates shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“NYFRB’s Website” means the website of the NYFRB at http://www.newyorkfed.org, or any successor source. 

“Obligations” means all obligations of the Parent Borrower, each other Borrower and Kraft Heinz now or hereafter existing
under this Agreement and the other Loan Documents. 
 “OFAC” means the Office of Foreign Assets Control of the U.S.
Department of the Treasury. 
 “Other Taxes” has the meaning specified in Section 2.14(b). 

“Overnight Bank Funding Rate” means, for any day, the rate comprised of both overnight federal funds and overnight eurodollar
transactions denominated in US Dollars by U.S.–managed banking offices of depository institutions, as such composite rate shall be determined by the NYFRB as shall be set forth on the NYFRB’s Website from time to time, and published on the
next succeeding Business Day by the NYFRB as an overnight bank funding rate; provided that if such rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Parent Borrower” has the meaning specified in the preamble. 

“Participant” has the meaning specified in Section 9.07(e). 

“Participant Register” has the meaning specified in Section 9.07(e). 

“Patriot Act” has the meaning specified in Section 9.16. 

“Payment” has the meaning specified in Article VII. 

“Payment Notice” has the meaning specified in Article VII. 

“Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust,
unincorporated association, joint venture, limited liability company or other entity, or a Government Authority. 

  
 -26- 

 “Plan” means a Single Employer Plan or a Multiple Employer Plan. 

“Post-Maturity Cash Collateralize” has the meaning specified in Section 2.20(g)(ii). 

“Post-Maturity Letter of Credit” has the meaning specified in Section 2.20(a). 

“Prime Rate” means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the
United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank
prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or in any similar release by the Federal Reserve Board (as determined by the Administrative Agent). Each
change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective. 

“Process Agent” has the meaning specified in Section 9.11(b). 

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be
amended from time to time. 
 “Reference Time”, with respect to any setting of the then current Benchmark, means
(a) if such Benchmark is the Adjusted Term SOFR, 5:00 a.m., Chicago time, on the day that is two US Government Securities Business Days preceding the date of such setting, (b) if such Benchmark is the CDO Rate, 10:15 a.m., Toronto time,
two Business Days on the date of such setting, (c) if such Benchmark is the EURIBO Rate, 11:00 a.m., Brussels time, two TARGET Days preceding the date of such setting, (d) if such Benchmark is the Daily Simple SONIA, then two RFR Business
Days prior to such setting, (e) if such Benchmark is the Daily Simple ESTR, then one RFR Business Day prior to such setting or (f) otherwise, the time determined by the Administrative Agent in its reasonable discretion. 

“Register” has the meaning specified in Section 9.07(d). 

“Regulation U” means Regulation U of the Federal Reserve Board, as in effect from time to time. 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors,
officers, partners, employees, representatives and agents. 
 “Relevant Governmental Body” means (a) with respect to a
Benchmark Replacement in respect of Loans denominated in US Dollars, the Federal Reserve Board and/or the NYFRB, as applicable, or a committee officially endorsed or convened by the Federal Reserve Board and/or the NYFRB or, in each case, any
successor thereto, (b) with respect to a Benchmark Replacement in respect of Loans denominated in Canadian Dollars, (i) the Bank of Canada or (ii) any working group or committee officially endorsed or convened by (A) the Bank of
Canada, (B) any other supervisor that is responsible for supervising either (1) such Benchmark Replacement or (2) the administrator of such Benchmark Replacement, (C) a group of the Bank of Canada or any other such supervisors or
(D) the Financial Stability Board or any part thereof, 

  
 -27- 

 
(c) with respect to a Benchmark Replacement in respect of Loans denominated in Euro, the European Central Bank, or a committee officially endorsed or convened by the European Central Bank
or, in each case, any successor thereto and (d) with respect to a Benchmark Replacement in respect of Loans denominated in Sterling, the Bank of England, or a committee officially endorsed or convened by the Bank of England or, in each case,
any successor thereto. 
 “Relevant Rate” means (a) with respect to any Term Benchmark Borrowing denominated in US
Dollars, the Adjusted Term SOFR, (b) with respect to any Term Benchmark Borrowing denominated in Canadian Dollars, the CDO Rate, (c) with respect to any Term Benchmark Borrowing denominated in Euro, the EURIBO Rate, (d) with respect
to any RFR Borrowing denominated in US Dollars, the Adjusted Daily Simple SOFR, (e) with respect to any RFR Borrowing denominated in Sterling, the Daily Simple SONIA and (f) with respect to any RFR Borrowing denominated in Euro, the Daily
Simple ESTR. 
 “Relevant Screen Rate” means (a) with respect to any Term Benchmark Borrowing denominated in US
Dollars, the Term SOFR Reference Rate, (b) with respect to any Term Benchmark Borrowing denominated in Canadian Dollars, the CDO Screen Rate and (c) with respect to any Term Benchmark Borrowing denominated in Euro, the EURIBO Screen Rate,
as applicable. 
 “Required Lenders” means at any time Lenders having Revolving Exposures, Term Loans and unused
Commitments representing more than 50% of the sum of the total Revolving Exposures, outstanding Term Loans and unused Commitments of all Lenders at such time; provided that, for purposes of declaring the Loans to be due and payable pursuant
to Article VI, and for all purposes after the Loans become due and payable pursuant to Article VI or the Revolving Commitments expire or terminate, the outstanding Competitive Bid Loans of the Revolving Lenders shall be included in their
respective Revolving Exposures in determining the Required Lenders; and provided further that (a) the Revolving Exposure, Revolving Commitments and Competitive Bid Loans of any Defaulting Lender and the Term Loans and Term
Commitments of any Defaulting Lender or Affiliated Lender shall be disregarded in determining Required Lenders at any time and (b) for purposes of this definition, Multicurrency Tranche Revolving Exposure of any Lender that is a Swingline
Lender shall be deemed to exclude the amount of its Swingline Exposure in excess of its Multicurrency Tranche Revolving Percentage of the sum of the US Dollar Equivalent Amounts of the principal amounts of all the outstanding Swingline Loans,
but adjusted to give effect to any reallocation under Section 2.19 of the Swingline Exposures of Defaulting Lenders in effect at such time, and the unused Multicurrency Tranche Revolving Commitment of such Lender shall be
determined on the basis of its Multicurrency Tranche Revolving Exposure excluding such excess amount. 
 “Resolution
Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. 

“Responsible Officer” means, with respect to any Person, the chief executive officer, president, any Financial Officer,
secretary or assistant secretary of such Person. 
 “Reuters” means Thomson Reuters Corporation, Refinitiv or, in each
case, a successor thereto. 

  
 -28- 

 “Revolving Arranger” means JPMorgan Chase Bank, N.A., BofA Securities,
Inc., Barclays Bank PLC, Citibank, N.A., Deutsche Bank Securities Inc., Morgan Stanley Senior Funding, Inc., Royal Bank of Canada and Wells Fargo Securities, LLC, each in its capacity as a Joint Lead Arranger and Joint Bookrunner for the revolving
credit facility provided for herein. 
 “Revolving Availability Period” means the period from and including the Closing
Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments of the applicable Class. 

“Revolving Borrowing” means Revolving Loans of the same Class, Type and currency and to the same Borrower, made, Converted or
Continued on the same date and, in the case of Term Benchmark Loans, as to which a single Interest Period is in effect. 

“Revolving Commitment” means a Multicurrency Tranche Revolving Commitment or a US Tranche Revolving Commitment, or a
combination thereof, as the context requires. The aggregate amount of the Revolving Commitments as of the Closing Date is US$4,000,000,000. 

“Revolving Commitment Increase” has the meaning specified in Section 2.17(a). 

“Revolving Exposure” means a Multicurrency Tranche Revolving Exposure or a US Tranche Revolving Exposure, or a combination
thereof, as the context requires. 
 “Revolving Lender” means a Lender with a Revolving Commitment or Revolving Exposure.

 “Revolving Loan” means a Multicurrency Tranche Revolving Loan or a US Tranche Revolving Loan, or a combination thereof,
as the context requires. 
 “Revolving Maturity Date” means the earlier of (a) the date that is five years after the
Closing Date, subject to the extension thereof pursuant to Section 2.09(b), provided, however, that if such date is not a Business Day, the Revolving Maturity Date shall be the next preceding Business Day, and
(b) the date of termination in whole of the Revolving Commitments pursuant to Section 2.09(a) or 6.02; provided that, when used in reference to determining whether a Letter of Credit is a
Post-Maturity Letter of Credit, the term Revolving Maturity Date shall be determined disregarding clause (b) thereof. 

“Revolving Note” means a promissory note of any Borrower payable to any Lender, or its registered assigns, delivered pursuant
to a request made under Section 2.16 in substantially the form of Exhibit A-1 hereto, evidencing the aggregate indebtedness of such Borrower to such Lender resulting from the
Revolving Loans made by such Lender to such Borrower. 
 “Revolving Syndication Agent” means Bank of America, N.A.,
Barclays Bank PLC, Citibank, N.A., Deutsche Bank AG New York Branch, Morgan Stanley Senior Funding, Inc., Royal Bank of Canada and Wells Fargo Bank, National Association, each in its capacity as a Syndication Agent for the revolving credit facility
provided for herein. 

  
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 “RFR Business Day” means (a) for any Loan denominated in US Dollars, a
US Government Securities Business Day, (b) for any Loan denominated in Sterling, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which banks are closed for general business in London and (c) for any
Swingline Loan denominated in Euro, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day that is not a TARGET Day. 

“RFR Borrowing” means a Borrowing comprised of RFR Loans. 

“RFR Loan” means a Loan that bears interest at a rate determined by reference to the applicable Daily Simple RFR. 

“S&P” means S&P Global Ratings, a division of S&P Global Inc., and any successor to its rating agency business.

 “Sanctioned Country” means a country, region or territory which is itself the subject or target of any Sanctions (as of
the Closing Date, the so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic, the Crimea Region of Ukraine, Cuba, Iran, North Korea and
Syria). 
 “Sanctioned Person” means (a) any Person listed in any Sanctions related list of designated Persons
maintained by the OFAC, the U.S. Department of State, the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom, or (b) any Person owned or controlled by any such Person or Persons. 

“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by
(a) the U.S. government, including those administered by the OFAC or the U.S. Department of State, or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom. 

“SEC” means the United States Securities and Exchange Commission. 

“Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is
maintained for employees of Kraft Heinz or any Borrower or any ERISA Affiliate and no Person other than Kraft Heinz or such Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which Kraft Heinz or such Borrower or any
ERISA Affiliate would have liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. 

“SOFR” means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator on the SOFR
Administrator. 
 “SOFR Administrator” means the NYFRB (or a successor administrator of the secured overnight financing
rate). 
 “SOFR Administrator’s Website” means the NYFRB’s Website or any successor source for the secured
overnight financing rate identified as such by the SOFR Administrator from time to time. 

  
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 “SONIA” means, with respect to any Business Day, a rate per annum equal to
the Sterling Overnight Index Average for such Business Day published by the SONIA Administrator on the SONIA Administrator’s Website on the immediately succeeding Business Day. 

“SONIA Administrator” means the Bank of England (or any successor administrator of the Sterling Overnight Index Average).

 “SONIA Administrator’s Website” means the Bank of England’s website, currently at
http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to time. 

“Sponsor” means each of (a) 3G Capital Ltd. and 3G Special Situations Fund III, L.P. and (b) Berkshire Hathaway
Inc. 
 “Sterling” or “£” means the lawful currency of the United Kingdom. 

“Subsidiary” of any Person means any Person of which (or in which) more than 50% of the outstanding capital stock (or similar
equity interests) having voting power to elect a majority of the Board of Directors (or similar governing body) of such Person (irrespective of whether at the time capital stock (or similar equity interests) of any other class or classes of such
Person shall or might have voting power upon the occurrence of any contingency) is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such
Person’s other Subsidiaries. 
 “Swingline Commitment” means, with respect to any Swingline Lender at any time, the
maximum permitted amount of the Swingline Exposure that may be attributable to Swingline Loans made by such Swingline Lender. The amount of the Swingline Commitment of each Swingline Lender is set forth on Schedule 2.21 or is such other maximum
amount as may have been agreed in writing (and notified in writing to the Administrative Agent) by such Swingline Lender and the Borrower. The aggregate amount of the Swingline Commitments as of the Closing Date is US$400,000,000. 

“Swingline Exposure” means, at any time, the sum of the US Dollar Equivalent Amounts of the principal amounts of all
Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall be the sum of (a) its Multicurrency Tranche Revolving Percentage of the sum of the US Dollar Equivalent Amounts of the principal amounts of
all Swingline Loans outstanding at such time (excluding, in the case of any Lender that is a Swingline Lender, Swingline Loans made by such Swingline Lender and outstanding at such time to the extent that the other Multicurrency Tranche Revolving
Lenders shall not have funded their participations in such Swingline Loans), adjusted to give effect to any reallocation under Section 2.19 of the Swingline Exposure of Defaulting Lenders in effect at such time, and
(b) in the case of any Lender that is a Swingline Lender, the sum of the US Dollar Equivalent Amounts of the principal amounts of all Swingline Loans made by such Swingline Lender and outstanding at such time to the extent that the other
Multicurrency Tranche Revolving Lenders shall not have funded their participations in such Swingline Loans. 

  
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 “Swingline Lender” means each of JPMorgan Chase Bank, N.A., Barclays Bank
PLC, Bank of America, N.A. and Citibank, N.A., in its capacity as a lender of Swingline Loans hereunder. 
 “Swingline
Loan” means a Loan made pursuant to Section 2.21. 
 “Swingline Note” means a promissory
note of any Borrower payable to any Swingline Lender, or its registered assigns, in substantially the form of Exhibit A-4 hereto, evidencing the indebtedness of such Borrower to such Swingline Lender
resulting from Swingline Loans made by such Swingline Lender to such Borrower. 
 “TARGET Day” means any day on which the
Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) payment system (or, if such payment system ceases to be operative, such other payment system as shall be determined by the Administrative Agent to be a replacement
therefor for purposes hereof) is open for the settlement of payments in Euro. 
 “Taxes” has the meaning specified in
Section 2.14(a). 
 “Term Benchmark Borrowing” means a Borrowing comprised of Term Benchmark
Loans. 
 “Term Benchmark Loan” means a Loan that bears interest at a rate determined by reference to the Adjusted Term
SOFR (other than solely as a result of clause (c) of the definition of Base Rate), the CDO Rate or the EURIBO Rate. 
 “Term
Borrowing” means Term Loans of the same Type made, Converted or Continued on the same date and, in the case of Term Benchmark Loans, as to which a single Interest Period is in effect. 

“Term Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make an Incremental Term Loan
as set forth in the applicable Increase Amendment. 
 “Term Lender” means a Lender with a Term Commitment or an outstanding
Term Loan. 
 “Term Loan” means a Loan made by any Lender to the Parent Borrower pursuant to
Section 2.01(a)(ii). 
 “Term Maturity Date” means, with respect to any Term Loan, the final
scheduled maturity of such Term Loan as set forth in the applicable Increase Amendment. 
 “Term Note” means a promissory
note of the Parent Borrower payable to any Term Lender, or its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of
Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Parent Borrower to such Term Lender resulting from the Term Loans held by such Term Lender. 

  
 -32- 

 “Term SOFR” means, with respect to any Term Benchmark Borrowing denominated
in US Dollars and for a tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 a.m., Chicago time, two US Government Securities Business Days prior to the commencement of such tenor comparable to
the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator. 
 “Term SOFR Borrowing”
means a Borrowing comprised of Term SOFR Loans. 
 “Term SOFR Loan” means a Committed Loan that bears interest by reference
to the Adjusted Term SOFR (other than solely as a result of clause (c) of the definition of Base Rate). 
 “Term SOFR Reference
Rate” means, for any day and time (such day, the “Term SOFR Determination Day”), with respect to any Term Benchmark Borrowing denominated in US Dollars and for a tenor comparable to the applicable Interest Period, the rate
per annum published by the CME Term SOFR Administrator and identified by the Administrative Agent as the forward-looking term rate based on SOFR. If by 5:00 p.m., New York City time, on such Term SOFR Determination Day, the “Term SOFR
Reference Rate” for such tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR has not occurred, then, so long as such day is otherwise a U.S. Government Securities
Business Day, the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding US Government Securities Business Day for which such Term SOFR Reference Rate was
published by the CME Term SOFR Administrator, so long as such first preceding US Government Securities Business Day is not more than five Business Days prior to such Term SOFR Determination Day. 

“Total Shareholders’ Equity” means total shareholders’ equity, as reflected on the consolidated balance sheet of
Kraft Heinz and its Subsidiaries prepared in accordance with GAAP (excluding (a) accumulated other comprehensive income or losses, (b) the cumulative effects of any changes in accounting principles, including the adoption of “mark-to-market” accounting in respect of pension and other retirement plans of Kraft Heinz and its Subsidiaries (“Mark-to-Market Pension Accounting”), (c) any income or losses recognized in connection with the ongoing application of
Mark-to-Market Pension Accounting and (d) any preferred capital stock). 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to, the Adjusted Term SOFR (other than solely as a result of clause (c) of the definition of Base Rate), the Base Rate, the Canadian Prime Rate, the CDO Rate, the EURIBO Rate, the Adjusted
Daily Simple SOFR (if applicable pursuant to Section 2.07), the Daily Simple SONIA or the Daily Simple ESTR (in the case of the Swingline Loans only). 

“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time
to time) promulgated by the United Kingdom Prudential Regulation Authority) or any Person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes
certain credit institutions and investment firms, and certain Affiliates of such credit institutions or investment firms. 

  
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 “UK Resolution Authority” means the Bank of England or any other public
administrative authority having responsibility for the resolution of any UK Financial Institution. 
 “Unadjusted Benchmark
Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. 

“Undisclosed Administration” means, with respect to any Lender, the precautionary appointment of an administrator, guardian,
provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator pursuant to the law of the country where such Lender is subject to home jurisdiction supervision if the applicable
law of such country requires that such appointment not be publicly disclosed (and such appointment has not been publicly disclosed). 

“Unreimbursed Amount” has the meaning specified in Section 2.20(d). 

“Unused Line Fee” has the meaning specified in Section 2.08(a). 

“US Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on
which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. 

“US Dollar Equivalent Amount” means, at any time, (a) with respect to any amount in US Dollars,
such amount, and (b) with respect to any amount denominated in Euro, Sterling, Canadian Dollars or any other Alternative Currency, the equivalent amount thereof in US Dollars as reasonably determined by the Administrative Agent at such
time pursuant to Section 1.04 on the basis of the Exchange Rate with respect to such currency at the time in effect under the provisions of Section 1.04. 

“US Dollars” or “US$” means the lawful currency of the United States of America. 

“US Tranche Revolving Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make US
Tranche Revolving Loans hereunder, expressed as an amount representing the maximum amount of such Lender’s US Tranche Revolving Exposure hereunder, as such commitment may be increased pursuant to Section 2.17, reduced
pursuant to Section 2.09 or reduced or increased pursuant to assignments by or to such Lender pursuant to Section 9.07. The initial amount of each Lender’s US Tranche Revolving Commitment is
set forth opposite such Lender’s name on Schedule 2.01 under the column “US Tranche Revolving Commitment” or in the Assignment and Assumption or the Increase Amendment pursuant to which such Lender shall have assumed or provided
its US Tranche Revolving Commitment. As of the Closing Date, the aggregate amount of the US Tranche Revolving Commitments is US$50,000,000. 

“US Tranche Revolving Exposure” means, with respect to any Lender at any time, the aggregate principal amount of such
Lender’s US Tranche Revolving Loans outstanding at such time. 

  
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 “US Tranche Revolving Lender” means a Lender with a US Tranche Revolving
Commitment or US Tranche Revolving Exposure. 
 “US Tranche Revolving Loans” means a Loan made by any US Tranche Revolving
Lender to any Borrower pursuant to Section 2.01(a)(i)(B). 
 “Write-Down and Conversion Powers”
means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member
Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under
the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of
that liability into shares, securities or obligations of that Person or any other Person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that
liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

SECTION 1.02 Computation of Time Periods; Terms Generally. (a) In this Agreement in the computation of periods of time from a
specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding.” 

(b) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. The words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all real
and personal, tangible and intangible assets and properties, including cash, securities, accounts and contract rights. The word “law” shall be construed as referring to all statutes, rules, regulations, codes and other laws (including
official rulings and interpretations thereunder having the force of law or with which affected Persons customarily comply), and all judgments, orders, writs and decrees, of all Governmental Authorities. Except as otherwise provided herein and unless
the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including this Agreement and any other Loan Document) shall be construed as referring to such agreement, instrument or other
document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (ii) any definition of or reference to any statute, rule or regulation
shall be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), and all references to any statute shall be construed as referring to all rules,
regulations, rulings and official interpretations promulgated or issued thereunder, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set
forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (iv) the words “herein”, “hereof” and “hereunder”, and words
of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof and (v) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and
Sections of, and Exhibits and Schedules to, this Agreement. 

  
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 SECTION 1.03 Accounting Terms. All terms of an accounting or financial not
specifically defined herein shall be construed in accordance with GAAP as in effect from time to time; provided that if at any time any change in GAAP or in the application thereof after the date hereof would affect the computation of any
requirement set forth in any Loan Document, and either the Parent Borrower or the Required Lenders shall so request, the Administrative Agent and the Parent Borrower shall negotiate in good faith to amend such requirement to preserve the original
intent thereof in light of such change in GAAP or in the application thereof (subject to the approval of the Required Lenders and the Parent Borrower); provided further that, until so amended, (i) such requirement shall continue
to be computed in accordance with GAAP or the application thereof prior to such change therein and (ii) the Parent Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this
Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such requirement made before and after giving effect to such change in GAAP or in the application thereof. Notwithstanding any other provision
contained herein, all terms of an accounting or financial nature used herein shall be construed (other than for purposes of Sections 4.01(c), 5.01(c)(i) and 5.01(c)(ii), and all computations of amounts and
ratios referred to herein shall be made, without giving effect to (a) any election under Accounting Standards Codification 825 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect)
(and related interpretations) to value any Debt of Kraft Heinz or any of its Subsidiaries at “fair value”, as defined therein, (b) (i) any treatment of Debt in respect of convertible debt instruments under Accounting Standards
Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) (and related interpretations) to value any such Debt in a reduced or
bifurcated manner as described therein, or (ii) any valuation of Debt below its full stated principal amount as a result of application of Financial Accounting Standards Board Accounting Standards Update
No. 2015-03, it being agreed that Debt shall at all times be valued at the full stated principal amount thereof and (c) any change in accounting for leases resulting from the implementation of
Financial Accounting Standards Board ASU No. 2016-02, Leases (Topic 842), to the extent that such change would require the recognition of
right-of-use assets and lease liabilities for any lease (or similar arrangement conveying the right to use) that would not be classified as a capital lease under GAAP as
in effect on December 31, 2018 (regardless of whether such lease was in effect on such date or entered into thereafter). 
 SECTION
1.04 Exchange Rates. The Administrative Agent shall determine the US Dollar Equivalent Amount of any Borrowing or Letter of Credit denominated in a currency other than US Dollars as of each applicable Exchange Rate Date, in each case
using the Exchange Rate for such currency in relation to US Dollars, and each such amount shall be the US Dollar Equivalent Amount of such Loan or Letter of Credit until the next required calculation thereof pursuant to this sentence. 

  
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 SECTION 1.05 Interest Rates; Benchmark Notification. The interest rate on a Loan
denominated in US Dollars or any other currency may be derived from an interest rate benchmark that may be discontinued or is, or may in the future become, the subject of regulatory reform. Upon the occurrence of a Benchmark Transition Event,
Section 2.07(b) provides a mechanism for determining an alternative rate of interest. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the
administration, submission, performance or any other matter related to any interest rate used in this Agreement, or with respect to any alternative or successor rate thereto, or replacement rate thereof, including, without limitation, whether the
composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the existing interest rate being replaced or have the same volume or liquidity
as did any existing interest rate prior to its discontinuance or unavailability. The Administrative Agent and its Affiliates and/or other related entities may engage in transactions that affect the calculation of any interest rate used in this
Agreement or any alternative, successor or alternative rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse to the Borrowers. The Administrative Agent may select information sources or
services in its reasonable discretion to ascertain any interest rate used in this Agreement, any component thereof, or rates referenced in the definition thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to
any Borrower, any Lender or any other Person for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in
equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service. 
 SECTION
1.06 Divisions. For all purposes under this Agreement, in connection with any division or plan of division under Delaware law (or any comparable event under the laws of another jurisdiction): (a) if any asset, right, obligation or
liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence,
such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of its capital stock (or similar equity interests) at such time. 

ARTICLE II 
 Amounts and Terms
of the Loans and Letters of Credit 
 SECTION 2.01 Commitments. 

(a) Obligation to Make Committed Loans. (i) (A) Each Multicurrency Tranche Revolving Lender severally agrees, on the terms and
conditions set forth herein, to make Multicurrency Tranche Revolving Loans to any Borrower in US Dollars, Euro, Sterling or Canadian Dollars from time to time on any Business Day during the Revolving Availability Period in an aggregate
principal amount that will not result in (x) the Multicurrency Tranche Revolving Exposure of any Multicurrency Tranche Revolving Lender exceeding its Multicurrency Tranche Revolving Commitment, (y) the Aggregate Alternative Currency
Revolving Exposure exceeding the Alternative Currency Sublimit or (z) the sum of the Aggregate Revolving Exposure plus the Aggregate Competitive Bid Exposure exceeding the Aggregate Revolving Commitments. 

  
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 (B) Each US Tranche Revolving Lender severally agrees, on the terms and conditions set forth
herein, to make US Tranche Revolving Loans to any Borrower in US Dollars from time to time on any Business Day during the Revolving Availability Period in an aggregate principal amount that will not result in (x) the US Tranche Revolving
Exposure of any US Tranche Revolving Lender exceeding its US Tranche Revolving Commitment or (y) the sum of the Aggregate Revolving Exposure plus the Aggregate Competitive Bid Exposure exceeding the Aggregate Revolving Commitments. 

(C) Within the foregoing limits, any Borrower may borrow Revolving Loans of any Class under this
Section 2.01(a)(i), prepay Revolving Loans of any Class pursuant to Section 2.10 and reborrow Revolving Loans of such Class under this Section 2.01(a)(i). 

(ii) Each Term Lender severally agrees, on the terms and conditions set forth in the applicable Increase Amendment, to make an
Incremental Term Loan to the Parent Borrower in US Dollars on the date set forth in the applicable Increase Amendment in a principal amount not exceeding such Lender’s Term Commitment. Amounts repaid or prepaid in respect of Term Loans may not
be reborrowed. 
 (b) Amount of Committed Borrowings. Each Committed Borrowing shall be in an aggregate amount of no less than the
Borrowing Minimum or an integral multiple of Borrowing Multiple in excess thereof. 
 (c) Type of Committed Loans. Each Committed
Borrowing shall consist of Committed Loans of the same Class, Type and currency made on the same day to the same Borrower by the applicable Lenders ratably according to their respective Commitments of the applicable Class. Subject to
Sections 2.05(b), 2.07 and 2.12, (i) each Revolving Borrowing denominated in US Dollars shall be comprised entirely of Base Rate Loans, Term SOFR Loans or, if applicable pursuant to
Section 2.07, Daily Simple SOFR Loans, as the applicable Borrower may request in accordance herewith, provided that Base Rate Loans shall be available solely to the Parent Borrower and any other Borrower that is a
Domestic Subsidiary, (ii) each Revolving Borrowing denominated in Euros shall be comprised entirely of EURIBO Rate Loans, (iii) each Revolving Borrowing denominated in Sterling shall be comprised entirely of Daily Simple SONIA Loans,
(iv) each Revolving Borrowing denominated in Canadian Dollars shall be comprised entirely of Canadian Prime Rate Loans or CDO Rate Loans, as the applicable Borrower may request in accordance herewith, and (v) each Term Borrowing shall be
comprised entirely of Base Rate Loans, Term SOFR Loans or, if applicable pursuant to Section 2.07, Daily Simple SOFR Loans, as the Parent Borrower may request in accordance herewith. Committed Borrowings of more than one
Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of 10 (or such greater number as may be agreed to by the Administrative Agent) Term Benchmark Borrowings and RFR
Borrowings outstanding. 
 SECTION 2.02 Making the Committed Loans. 

(a) Notice of Committed Borrowing. Each Committed Borrowing shall be made on
notice, given not later than (i) 11:00 a.m., New York City time, on the third Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Term Benchmark Loans or Canadian Prime Rate Loans, (ii) 11:00
a.m., New York City time, on the 

  
 -38- 

 
third RFR Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of RFR Loans or (iii) 11:00 a.m., New York City time, on the Business Day of the
proposed Borrowing in the case of a Borrowing consisting of Base Rate Loans, by the applicable Borrower (or the Parent Borrower on its behalf), to the Administrative Agent, which shall give to each Lender of the applicable Class prompt notice
thereof. Each such notice of a Committed Borrowing (a “Notice of Committed Borrowing”) shall be in writing, delivered by email, signed by a Responsible Officer of the applicable Borrower (or of the Parent Borrower, as applicable)
and substantially in the form of Exhibit B-1 hereto, specifying therein in compliance with Section 2.01: 

(A) the Borrower requesting such Committed Borrowing (or on whose behalf the Parent Borrower is requesting such Committed
Borrowing), 
 (B) whether the requested Committed Borrowing is to be a Term Borrowing or a Revolving Borrowing, 

(C) the date of such Committed Borrowing, 

(D) the Class and Type of Loans comprising such Committed Borrowing, 

(E) the aggregate amount and currency of such Committed Borrowing, 

(F) in the case of a Committed Borrowing consisting of Term Benchmark Loans, the initial Interest Period applicable thereto,
and 
 (G) the location and number of the applicable Borrower’s account to which funds are to be disbursed. 

Notwithstanding anything herein to the contrary, no Borrower may select Term SOFR Loans, EURIBO Rate Loans or CDO Rate Loans, as applicable,
for any Committed Borrowing if the obligation of the Lenders to make Term SOFR Loans, EURIBO Rate Loans or CDO Rate Loans, as the case may be, shall then be suspended pursuant to Section 2.05(b), 2.07 or 2.12.

 If no currency is specified with respect to any requested Revolving Borrowing, then the applicable Borrower shall be deemed to have
selected US Dollars. If no election as to the Type of Committed Borrowing is specified, then the requested Borrowing shall be (A) in the case of a Committed Borrowing denominated in US Dollars and made to the Parent Borrower or any other
Borrower that is a Domestic Subsidiary, a Base Rate Borrowing (and otherwise, a Term SOFR Borrowing), (B) in the case of a Revolving Borrowing denominated in Euros, a EURIBO Rate Borrowing, (C) in the case of a Revolving Borrowing
denominated in Sterling, a Daily Simple SONIA Borrowing and (D) in the case of a Revolving Borrowing denominated in Canadian Dollars, a Canadian Prime Rate Borrowing. If no Interest Period is specified with respect to any requested Term
Benchmark Borrowing, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

  
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 (b) Funding Committed Loans. Each Lender shall, before 11:00 a.m., New York City
time (in the case of Committed Borrowing comprised of Base Rate Loans, 1:00 p.m., New York City time), on the date of any Committed Borrowing, make available to the Administrative Agent at the Administrative Agent Account, in same day funds in the
applicable currency, such Lender’s ratable portion (based on the respective Commitments of the applicable Class) of such Committed Borrowing. Promptly after receipt of such funds by the Administrative Agent, the Administrative Agent will make
such funds available in like funds to the relevant Borrower by remitting such funds to the account designated in the applicable Notice of Committed Borrowing. Each Lender at its option may make any Loan by causing any domestic or foreign branch or
Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the applicable Borrower to repay such Loan in accordance with the terms of this Agreement. 

(c) Irrevocable Notice. Each Notice of Committed Borrowing of any Borrower shall be irrevocable and binding on such Borrower. In the
case of any Committed Borrowing that the related Notice of Committed Borrowing specifies to be (or that pursuant to Section 2.02(a) are deemed to be so specified) comprised of Term Benchmark Loans, the Borrower requesting
such Committed Borrowing shall indemnify each Lender against any loss (excluding loss of anticipated profits), cost or expense incurred by such Lender as a result of any failure to fulfill on or before the date specified in such Notice of Committed
Borrowing for such Committed Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of
deposits or other funds acquired by such Lender to fund the Committed Loan to be made by such Lender as part of such Committed Borrowing when such Committed Loan, as a result of such failure, is not made on such date. 

(d) Lender’s Ratable Portion. Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Committed Borrowing that such Lender will not make available to the Administrative Agent such Lender’s ratable portion (based on the respective Commitments of the applicable Class) of such Committed Borrowing, the
Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Committed Borrowing in accordance with Section 2.02(b) and the Administrative Agent may, in
reliance upon such assumption, make available to the Borrower requesting such Committed Borrowing on such date a corresponding amount. If and to the extent that such Lender shall not have so made such ratable portion available to the Administrative
Agent, such Lender and such Borrower severally agree to repay to the Administrative Agent, forthwith on demand, such corresponding amount together with interest thereon, for each day from the date such amount is made available to such Borrower until
the date such amount is repaid to the Administrative Agent, at: 
 (i) in the case of such Borrower, the interest rate
applicable at the time to Committed Loans comprising such Committed Borrowing, and 
 (ii) in the case of such Lender,
(1) in the case of Committed Borrowings denominated in US Dollars, the higher of (A) the NYFRB Rate and (B) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation in US
Dollars or (2) in the case of Committed Borrowings denominated in Sterling, Euro or Canadian Dollars, a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation in the applicable currency.

  
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 If such Borrower and such Lender shall both pay such interest to the Administrative Agent for the same or an
overlapping period, the Administrative Agent shall promptly remit to such Borrower the amount of such interest paid by such Borrower for such period. If such Lender shall pay to the Administrative Agent such corresponding amount, such amount so paid
shall constitute such Lender’s Committed Loan as part of such Committed Borrowing for purposes of this Agreement. Any payment by such Borrower shall be without prejudice to any claim such Borrower may have against a Lender that shall have
failed to make such payment to the Administrative Agent. 
 (e) Independent Lender Obligations. The failure of any Lender to make the
Committed Loan to be made by it as part of any Committed Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Committed Loan on the date of such Committed Borrowing, but the Commitments of the Lenders are
several and not joint and no Lender shall be responsible for the failure of any other Lender to make the Committed Loan to be made by such other Lender on the date of any Committed Borrowing. 

(f) Competitive Bid Loans and Swingline Loans. This Section 2.02 shall not apply to Competitive Bid Loans,
which shall be governed by Section 2.06, or Swingline Loans, which shall be governed by Section 2.21. 

SECTION 2.03 Repayment of Committed Loans. 

(a) Each Borrower shall repay to the Administrative Agent for the account of each Revolving Lender on the Revolving Maturity Date applicable
to such Revolving Lender the unpaid principal amount of the Revolving Loans of such Revolving Lender to such Borrower then outstanding. 

(b) The Parent Borrower shall repay to the Administrative Agent for the account of each Term Lender on the Term Maturity Date the unpaid
principal amount of the Term Loans of such Term Lender then outstanding. 
 SECTION 2.04 Interest on Committed Loans. 

(a) Scheduled Interest. Each Borrower shall pay interest on the unpaid principal amount of each Committed Loan owing by such Borrower
to each Lender from the date of such Committed Loan until such principal amount shall be paid in full, at the following rates per annum: 

(i) Base Rate Loans. During such periods as such Committed Loan is a Base Rate Loan, a rate per annum equal at all times
to the sum of (A) the Base Rate in effect from time to time plus (B) the Applicable Interest Rate Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December, and on
the date such Base Rate Loan shall be Converted or paid in full and on the Maturity Date applicable thereto. 

  
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 (ii) Term SOFR Loans. During such periods as such Committed Loan is a
Term SOFR Loan, a rate per annum equal at all times, during each Interest Period for such Committed Loan, to the sum of (A) the Adjusted Term SOFR for such Interest Period plus (B) the Applicable Interest Rate Margin in effect from
time to time, payable in arrears on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such
Interest Period, and on the date such Term SOFR Loan shall be Converted or Continued or paid in full and on the Maturity Date applicable thereto. 

(iii) Daily Simple SOFR Loans. If applicable pursuant to Section 2.07, during such periods as
such Committed Loan is a Daily Simple SOFR Loan, a rate per annum equal at all times to the sum of (A) the Adjusted Daily Simple SOFR in effect from time to time plus (B) the Applicable Interest Rate Margin in effect from time to time,
payable in arrears quarterly on the last day of each March, June, September and December, and on the date such Daily Simple SOFR Loan shall be Converted or paid in full and on the Maturity Date applicable thereto. 

(iv) Daily Simple SONIA Loans. During such periods as such Committed Loan is a Daily Simple SONIA Loan, a rate per annum
equal at all times to the sum of (A) the Daily Simple SONIA in effect from time to time plus (B) the Applicable Interest Rate Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September
and December, and on the date such Daily Simple SONIA Loan shall be paid in full and on the Maturity Date applicable thereto. 

(v) EURIBO Rate Loans. During such periods as such Committed Loan is a EURIBO Rate Loan, a rate per annum equal at all
times, during each Interest Period for such Committed Loan, to the sum of (A) the EURIBO Rate for such Interest Period plus (B) the Applicable Interest Rate Margin in effect from time to time, payable in arrears on the last day of
such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period, and on the date such EURIBO Rate Loan
shall be Continued or paid in full and on the Maturity Date applicable thereto. 
 (vi) CDO Rate Loans. During such
periods as such Committed Loan is a CDO Rate Loan, a rate per annum equal, at all times during each Interest Period for such Committed Loan, to the sum of (A) the CDO Rate for such Interest Period plus (B) the Applicable Interest
Rate Margin in effect from time to time, payable in arrears on the last day of such Interest Period and on the date such CDO Rate Loan shall be Converted or Continued or paid in full and on the Maturity Date applicable thereto. 

(vii) Canadian Prime Rate Loans. During such periods as such Committed Loan is a Canadian Prime Rate Loan, a rate per
annum equal at all times to the sum of (A) the Canadian Prime Rate in effect from time to time plus (B) the Applicable Interest Rate Margin in effect from time to time, payable in arrears quarterly on the last day of each March,
June, September and December, and on the date such Canadian Prime Rate Loan shall be Converted or paid in full and on the Maturity Date applicable thereto. 

  
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 (b) Default Interest. If any principal of or interest on any Committed Loan or any
fee or other amount payable by a Borrower hereunder (other than principal of or interest on any Competitive Bid Loan or Swingline Loan) is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear
interest, after as well as before judgment, payable in arrears on (i) in the case of overdue principal or interest on such Committed Loan, on the dates referred to in the applicable subclause of Section 2.04(a) for
such Type of Committed Loan and (ii) in the case of any other amounts, on the on the last day of each March, June, September and December, at a rate per annum equal at all times during which such Committed Loan, fee or other amount remains
overdue and unpaid to (i) in the case of overdue principal of any such Committed Loan, 1% per annum above the rate per annum otherwise required to be paid on such Committed Loan as provided in Section 2.04(a),
(ii) in the case of any other amount denominated in US Dollars, 1% per annum plus the rate applicable to Base Rate Loans that are Revolving Loans as provided in Section 2.04(a)(i), (iii) in the case of any
other amount denominated in Canadian Dollars, 1% per annum plus the rate applicable to Canadian Prime Rate Loans as provided in Section 2.04(a)(vii), (iv) in the case of any other amount denominated in Sterling, 1% per
annum plus the rate applicable to Daily Simple SONIA Loans as provided in Section 2.04(a)(iv) or (v) in the case of any other amount denominated in Euro, 1% per annum plus the Daily Simple ESTR in effect from time to
time plus the Applicable Revolving Interest Rate Margin. 
 SECTION 2.05 Conversion and Continuation of Committed Loans. 

(a) Continuation upon Absence of Interest Period. If any Borrower (or the Parent Borrower on behalf of any other Borrower) shall fail
to select the duration of any Interest Period for any Term Benchmark Loan in accordance with the provisions contained in the definition of the term “Interest Period” or to give notice of a voluntary Conversion or Continuation under
Section 2.05(c), the Administrative Agent will forthwith so notify such Borrower and the Lenders of the applicable Class and such Loan will automatically, on the last day of the then existing Interest Period therefor,
but subject to the provisions of Sections 2.05(b), 2.07 and 2.12, Continue as a Term SOFR Loan, EURIBO Rate Loan or CDO Rate Loan, as applicable, with a one month Interest Period. 

(b) Conversion and Continuation upon Event of Default. Upon the occurrence and during the continuance of any Event of Default under
Section 6.01(a) or 6.01(e), the Administrative Agent or a Majority in Interest of Lenders of the applicable Class may elect that (i) unless repaid, each Term SOFR Loan of such Class made to the Parent
Borrower or any other Borrower that is a Domestic Subsidiary be, on the last day of the then existing Interest Period therefor, Converted into a Base Rate Loan of such Class, (ii) unless repaid, each Term SOFR Loan made to a Borrower that is
not the Parent Borrower or a Domestic Subsidiary and each EURIBO Rate Loan be, on the last day of the then existing Interest Period therefor, Continued as a Term SOFR Loan or a EURIBO Rate Loan, as applicable, of such Class with a one month
Interest Period, (iii) unless repaid, each CDO Rate Loan be, on the last day of the then existing Interest Period therefor, Converted into a Canadian Prime Rate Loan of such Class and (iv) the obligation of the Lenders of such
Class to Convert Base Rate Loans into Term SOFR Loans or Canadian Prime Rate Loans into CDO Rate Loans, as applicable, or to Continue Term Benchmark Loans of such Class for an Interest Period with a duration of more than one month be
suspended. 

  
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 (c) Voluntary Conversion or Continuation. Subject to the provisions of
Sections 2.05(b), 2.07 and 2.12, any Borrower may (i) Convert, on any Business Day, any Committed Borrowing denominated in US Dollars or Canadian Dollars into a Committed Borrowing of another Type
available for Committed Loans denominated in such currency pursuant to Section 2.01(c) or (ii) Continue, on any Business Day, any Committed Borrowing comprised of Term Benchmark Loans as a Committed Borrowing comprised
of Term Benchmark Loans of the same Type for a new Interest Period, in each case upon notice of such proposed Conversion or Continuation given by the applicable Borrower (or the Parent Borrower on its behalf) to the Administrative Agent by the time
that a Notice of Committed Borrowing would be required under Section 2.02 if such Borrower were requesting a Committed Borrowing of the Class and Type and in the currency resulting from such Conversion or Continuation
to be made on the effective date of such Conversion or Continuation; provided, however, that a Conversion of Term SOFR Loans into Base Rate Loans or CDO Rate Loans into Canadian Prime Rate Loans, or a Continuation of any Committed
Borrowing comprised of Term Benchmark Loans for a new Interest Period, in each case, may be made on, and only on, the last day of an Interest Period then applicable thereto. The applicable Borrower (or the Parent Borrower on its behalf) may elect
different options with respect to different portions of the affected Committed Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Committed Loans comprising such Committed Borrowing, and any Committed
Loans resulting from an election made with respect to any such portion shall be considered a separate Committed Borrowing. Notwithstanding any other provision of this Section, no Borrower shall be permitted to change the currency or Class of
any Committed Borrowing or Convert any Committed Borrowing to a Type that does not comply with Section 2.01(c). Each such notice of a Conversion or Continuation (a “Notice of Conversion/Continuation”) shall
be in writing, delivered by email, signed by a Responsible Officer of the applicable Borrower (or of the Parent Borrower, as applicable) and substantially in the form of Exhibit B-2 hereto, specifying
therein in compliance with the restrictions set forth above: 
 (i) the date of such Conversion or Continuation; 

(ii) the Committed Borrowing to be Converted or Continued and, if different options are being elected with respect to different
portions thereof, the portions thereof to be allocated to each resulting Committed Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Committed
Borrowing); 
 (iii) the Type of the resulting Committed Borrowing; and 

(iv) if such Conversion is into, or such Continuation is as, Term Benchmark Loans, the duration of the Interest Period
therefor. 
 If any Notice of Conversion/Continuation requests a Term Benchmark Borrowing, but does not specify an Interest Period, then the applicable
Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

  
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 SECTION 2.06 Competitive Bid Loans. 

(a) Competitive Bid Loans. Each Revolving Lender severally agrees that any Borrower may make Competitive Bid Borrowings in
US Dollars, Euro, Sterling or Canadian Dollars under this Section 2.06 from time to time on any Business Day during the period from the Closing Date until the Revolving Maturity Date in the manner set forth below;
provided that, following the making of each Competitive Bid Borrowing, the sum of the Aggregate Revolving Exposure and the Aggregate Competitive Bid Exposure then outstanding shall not exceed the Aggregate Revolving Commitments. 

(b) Notice of Competitive Bid Borrowing. Any Borrower may request a Competitive Bid Borrowing under this
Section 2.06 by delivering to the Administrative Agent, by email, a notice of a Competitive Bid Borrowing (a “Notice of Competitive Bid Borrowing”), signed by its Responsible Officer and in substantially
the form of Exhibit B-3 hereto, specifying therein the following: 
 (i) the
date of such proposed Competitive Bid Borrowing; 
 (ii) the aggregate amount and currency of such proposed Competitive Bid
Borrowing; 
 (iii) the interest rate basis and day count convention to be offered by the Revolving Lenders; 

(iv) in the case of a Competitive Bid Borrowing consisting of Floating Rate Bid Loans, Interest Period, or in the case of a
Competitive Bid Borrowing consisting of Fixed Rate Bid Loans, the maturity date for repayment of each Fixed Rate Bid Loan to be made as part of such Competitive Bid Borrowing (which maturity date may not be earlier than the date occurring seven days
after the date of such Competitive Bid Borrowing or later than the earlier of (A) 360 days after the date of such Competitive Bid Borrowing and (B) the Revolving Maturity Date); 

(v) the interest payment date or dates relating thereto; 

(vi) location of such Borrower’s account to which funds are to be disbursed; and 

(vii) other terms (if any) to be applicable to such Competitive Bid Borrowing. 

A Borrower requesting a Competitive Bid Borrowing shall deliver a Notice of Competitive Bid Borrowing to the Administrative Agent not later than 10:00 a.m.,
New York City time, (x) at least two Business Days prior to the date of the proposed Competitive Bid Borrowing, if such Borrower shall specify in the Notice of Competitive Bid Borrowing that the Competitive Bid Borrowing shall be Fixed Rate Bid
Loans, (y) at least four Business Days prior to the date of the proposed Competitive Bid Borrowing, if such Borrower shall specify in the Notice of Competitive Bid Borrowing that the Competitive Bid Borrowing shall be Floating Rate Bid Loans
denominated in US Dollars or (z) at least five Business Days prior to the date of the proposed Competitive Bid Borrowing, if such Borrower shall specify in the Notice of Competitive Bid Borrowing that the Competitive Bid Borrowing shall be
Floating Rate Bid Loans denominated in Euro, Sterling or Canadian Dollars. Each Notice of Competitive Bid Borrowing shall be irrevocable and binding on such Borrower. The Administrative Agent shall in turn promptly notify each Revolving Lender of
each request for a Competitive Bid Borrowing received by it from such Borrower by sending such Lender a copy of the related Notice of Competitive Bid Borrowing. 

  
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 (c) Discretion as to Competitive Bid Loans. Each Revolving Lender may, in its sole
discretion, elect to irrevocably offer to make one or more Competitive Bid Loans to the applicable Borrower as part of such proposed Competitive Bid Borrowing at a rate or rates of interest specified by such Lender in its sole discretion, by
notifying the Administrative Agent (which shall give prompt notice thereof to such Borrower), before 9:30 a.m., New York City time, (A) on the Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a
Competitive Bid Borrowing consisting of Fixed Rate Bid Loans, (B) on the third Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Floating Rate Bid Loans
denominated in US Dollars and (C) on the fourth Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Floating Rate Bid Loans denominated in Euro, Sterling or
Canadian Dollars; provided that, if the Administrative Agent in its capacity as a Revolving Lender shall, in its sole discretion, elect to make any such offer, it shall notify such Borrower of such offer at least 30 minutes before the time
and on the date on which notice of such election is to be given by any other Revolving Lender to the Administrative Agent. In such notice, the Revolving Lender shall specify the following: 

(i) the minimum amount and maximum amount of each Competitive Bid Loan which such Lender would be willing to make as part of
such proposed Competitive Bid Borrowing (which amounts may, subject to the proviso to the first sentence of Section 2.06(a), exceed such Lender’s Revolving Commitment); and 

(ii) the rate or rates of interest therefor. 

If any Revolving Lender shall elect not to make such an offer, such Lender shall so notify the Administrative Agent before 9:30 a.m., New York City time, on
the date on which notice of such election is to be given to the Administrative Agent by the other Revolving Lenders, and such Lender shall not be obligated to, and shall not, make any Competitive Bid Loan as part of such Competitive Bid Borrowing;
provided further that the failure by any Revolving Lender to give such notice shall not cause such Revolving Lender to be obligated to make any Competitive Bid Loan as part of such proposed Competitive Bid Borrowing. 

(d) Selection of Lender Bids. The Borrower requesting the Competitive Bid Borrowing shall, in turn, (A) before 12:00 p.m., New
York City time, on the Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Fixed Rate Bid Loans, (B) before 12:00 p.m., New York City time, on the third Business
Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Floating Rate Bid Loans denominated in US Dollars and (C) before 12:00 p.m., New York City time, on the fourth
Business Day prior to the date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Floating Rate Bid Loans denominated in Euro, Sterling or Canadian Dollars or in any other Alternative Currency,
either: 

  
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 (i) cancel such Competitive Bid Borrowing by giving the Administrative Agent
notice to that effect, or 
 (ii) accept, in its sole discretion, one or more of the offers made by any Revolving Lender or
Revolving Lenders pursuant to Section 2.06(c), by giving notice to the Administrative Agent of the amount of each Competitive Bid Loan (which amount shall be equal to or greater than the minimum amount, and equal to or less
than the maximum amount, notified to such Borrower by the Administrative Agent on behalf of such Revolving Lender, for such Competitive Bid Loan pursuant to Section 2.06(c) to be made by each Revolving Lender as part of
such Competitive Bid Borrowing) and reject any remaining offers made by Revolving Lenders pursuant to Section 2.06(c) by giving the Administrative Agent notice to that effect. Such Borrower shall accept the offers made by
any Revolving Lender or Revolving Lenders to make Competitive Bid Loans in order of the lowest to the highest rates of interest offered by such Revolving Lenders. If two or more Revolving Lenders have offered the same interest rate, the amount to be
borrowed at such interest rate will be allocated among such Revolving Lenders in proportion to the maximum amount that each such Revolving Lender offered at such interest rate. 

If the Borrower proposing such Competitive Bid Borrowing notifies the Administrative Agent that such Competitive Bid Borrowing is canceled pursuant to
Section 2.06(d)(i), or if such Borrower fails to give timely notice in accordance with this Section 2.06(d), the Administrative Agent shall give prompt notice thereof to the Revolving Lenders and
such Competitive Bid Borrowing shall not be made. 
 (e) Competitive Bid Borrowing. If the Borrower requesting such Competitive Bid
Borrowing accepts one or more of the offers made by any Revolving Lender or Revolving Lenders pursuant to Section 2.06(d)(ii), the Administrative Agent shall in turn promptly notify: 

(i) each Revolving Lender that has made an offer as described in Section 2.06(c), whether or not any
offer or offers made by such Revolving Lender pursuant to Section 2.06(c) have been accepted by such Borrower; and 

(ii) each Revolving Lender that is to make a Competitive Bid Loan as part of such Competitive Bid Borrowing, of the date and
amount of each Competitive Bid Loan to be made by such Revolving Lender as part of such Competitive Bid Borrowing. 
 Each Revolving Lender that is to make
a Competitive Bid Loan as part of such Competitive Bid Borrowing shall, before 11:00 a.m., New York City time, on the date of such Competitive Bid Borrowing specified in the notice received from the Administrative Agent pursuant to
Section 2.06(e)(ii) make available to the Administrative Agent at the Administrative Agent Account, in same day funds in the applicable currency, such Lender’s portion of such Competitive Bid Borrowing. Promptly
after receipt by the Administrative Agent of such funds, the Administrative Agent will make such funds available in like funds to such Borrower by remitting such funds to the account designated in the applicable Notice of Competitive Bid Borrowing.
Promptly after each Competitive Bid Borrowing, the Administrative Agent will notify each Revolving Lender of the amount of the Competitive Bid Borrowing. 

  
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 (f) Irrevocable Notice. If the Borrower requesting such Competitive Bid Borrowing
notifies the Administrative Agent that it accepts one or more of the offers made by any Revolving Lender or Revolving Lenders pursuant to Section 2.06(c), such notice of acceptance shall be irrevocable and binding on such
Borrower. Such Borrower shall indemnify each Revolving Lender against any loss (excluding loss of anticipated profits), cost or expense incurred by such Revolving Lender as a result of any failure to fulfill on or before the date specified in the
related Notice of Competitive Bid Borrowing for such Competitive Bid Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by
reason of the liquidation or reemployment of deposits or other funds acquired by such Revolving Lender to fund the Competitive Bid Loan to be made by such Revolving Lender as part of such Competitive Bid Borrowing when such Competitive Bid Loan, as
a result of such failure, is not made on such date. 
 (g) Amount of Competitive Bid Borrowings; Competitive Bid Notes. Each
Competitive Bid Borrowing shall be in an aggregate amount of no less than the Borrowing Minimum or an integral multiple of the Borrowing Multiple in excess thereof and, following the making of each Competitive Bid Borrowing, the sum of Aggregate
Revolving Exposure and the Aggregate Competitive Bid Exposure then outstanding shall not exceed the Aggregate Revolving Commitments. Within the limits and on the conditions set forth in this Section 2.06, any Borrower may
from time to time borrow under this Section 2.06, prepay pursuant to Section 2.10 or repay pursuant to Section 2.06(h), and reborrow under this
Section 2.06; provided that a Competitive Bid Borrowing shall not be made within two Business Days of the date of any other Competitive Bid Borrowing. The indebtedness of any Borrower resulting from each Competitive
Bid Loan made to such Borrower as part of a Competitive Bid Borrowing shall be evidenced by a separate Competitive Bid Note of such Borrower payable to the Revolving Lender, or its registered assigns, making such Competitive Bid Loan. 

(h) Repayment of Competitive Bid Loans. On the maturity date of each Competitive Bid Loan provided in the Competitive Bid Note
evidencing such Competitive Bid Loan, the applicable Borrower shall repay to the Administrative Agent for the account of the applicable Revolving Lender the then unpaid principal amount of such Competitive Bid Loan in the applicable currency. No
Borrower shall have any right to prepay any principal amount of any Competitive Bid Loan except on the terms set forth in the Competitive Bid Note evidencing such Competitive Bid Loan. 

(i) Interest on Competitive Bid Loans. Each Borrower that has borrowed a Competitive Bid Loan shall pay interest on the unpaid
principal amount of such Competitive Bid Loan from the date of such Competitive Bid Loan to the date the principal amount of such Competitive Bid Loan is repaid in full, at the rate of interest for such Competitive Bid Loan and on the interest
payment date or dates set forth in the Competitive Bid Note evidencing such Competitive Bid Loan. If any principal of or interest on any Competitive Bid Loan payable by a Borrower hereunder is not paid when due, whether at stated maturity, upon
acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, payable in arrears on the date or dates interest is payable on such Competitive Bid Loan, at a rate per annum equal at all times to 1% per annum
above the rate per annum required to be paid on such Competitive Bid Loan under the terms of the Competitive Bid Note evidencing such Competitive Bid Loan unless otherwise agreed in such Competitive Bid Note. 

  
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 (j) Independent Lender Obligations. The failure of any Revolving Lender to make the
Competitive Bid Loan to be made by it as part of any Competitive Bid Borrowing shall not relieve any other Revolving Lender of its obligation, if any, hereunder to make its Competitive Bid Loan on the date of such Competitive Bid Borrowing, but the
offers to make Competitive Bid Loans of the Revolving Lenders are several and no Revolving Lender shall be responsible for the failure of any other Revolving Lender to make the Competitive Bid Loan to be made by such other Revolving Lender on the
date of any Competitive Bid Borrowing. 
 SECTION 2.07 Alternate Rate of Interest. (a) Subject to
Section 2.07(b), if: 
 (i) the Administrative Agent determines (which determination shall be
conclusive absent manifest error) (A) prior to the commencement of any Interest Period for a Term Benchmark Loan, that adequate and reasonable means do not exist for ascertaining the Adjusted Term SOFR, the CDO Rate or the EURIBO Rate, as
applicable (including because the Relevant Screen Rate is not available or published on a current basis), for such Interest Period or (B) at any time, that adequate and reasonable means do not exist for ascertaining the applicable Daily Simple
RFR for the applicable currency; or 
 (ii) the Administrative Agent is advised by the Required Lenders (or, with respect to
its Swingline Loans, by any Swingline Lender) (A) prior to the commencement of any Interest Period for a Term Benchmark Borrowing, that the Adjusted Term SOFR, the CDO Rate or the EURIBO Rate, as applicable, for such Interest Period will not
adequately and fairly reflect the cost to such Lenders of making or maintaining such Loans for such Interest Period or (B) at any time with respect to any Borrowing, that the applicable Daily Simple RFR will not adequately and fairly reflect
the cost to such Lenders (or such Swingline Lender) of making or maintaining (or, in the case of Multicurrency Tranche Revolving Lenders with respect to any Swingline Loan, participating in) their Loans included in such Borrowing; 

then the Administrative Agent shall give notice thereof (which may be by telephone) to the Parent Borrower and the Lenders as promptly as practicable
thereafter and until (x) the Administrative Agent notifies the Parent Borrower and the Lenders that the circumstances giving rise to such notice no longer exist with respect to the relevant Benchmark and (y) in the case of a Committed
Borrowing, the applicable Borrower (or the Parent Borrower on its behalf) delivers a new Notice of Conversion/Continuation in accordance with Section 2.05 or a new Notice of Committed Borrowing in accordance with
Section 2.02(a), (A) in the case of Loans denominated in US Dollars, any Notice of Conversion/Continuation that requests the Conversion of any Borrowing to, or Continuation of any Committed Borrowing as, a Term
Benchmark Borrowing and any Notice of Committed Borrowing that requests a Term Benchmark Borrowing shall instead be deemed to be a Notice of Conversion/Continuation or a Notice of Committed Borrowing, as applicable, for (1) an RFR Borrowing
denominated in US Dollars so long as the Adjusted Daily Simple SOFR is not also the subject of Section 2.07(a)(i) or 2.07(a)(ii) or (2) a Base Rate Borrowing if the Adjusted Daily Simple SOFR is also the
subject of Section 2.07(a)(i) or 2.07(a)(ii) and (B) in the case of Loans denominated in an Alternative Currency, any Notice of Conversion/Continuation that requests the Conversion of any Borrowing to, or
Continuation of any Borrowing as, a Term Benchmark Borrowing and any Notice of Committed Borrowing or Notice of Swingline Borrowing that requests a Term Benchmark Borrowing or an RFR Borrowing, 

  
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in each case, for the relevant Benchmark, shall be ineffective; provided that if the circumstances giving rise to such notice affect only one Type of Borrowings, then all other Types
of Borrowings shall be permitted. Furthermore, if any Term Benchmark Loan or RFR Loan in any Agreed Currency is outstanding on the date of the Parent Borrower’s receipt of the notice from the Administrative Agent referred to in this
Section 2.07(a) with respect to a Relevant Rate applicable to such Term Benchmark Loan or RFR Loan, then until (x) the Administrative Agent notifies the Parent Borrower and the Lenders that the circumstances giving
rise to such notice no longer exist with respect to the relevant Benchmark and (y) in the case of a Committed Borrowing, the applicable Borrower delivers a new Notice of Conversion/Continuation in accordance with
Section 2.05 or a new Notice of Committed Borrowing in accordance with Section 2.02(a), (A) in the case of Loans denominated in US Dollars, any Term Benchmark Loan shall, on the last day of
the Interest Period applicable to such Loan, convert to, and shall constitute, (x) an RFR Loan denominated in US Dollars so long as the Adjusted Daily Simple SOFR is not also the subject of subject of
Section 2.07(a)(i) or 2.07(a)(ii)or (y) a Base Rate Loan if the Adjusted Daily Simple SOFR is also the subject of Section 2.07(a)(i) or 2.07(a)(ii), and (B) in the case
of Loan denominated in an Alternative Currency, (1) any Term Benchmark Loan shall, on the last day of the Interest Period applicable to such Loan, convert to, and shall constitute, a CBR Loan that bears interest at the Central Bank Rate for the
applicable currency plus the CBR Spread; provided that if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for the applicable currency cannot be
determined, any such affected Loan shall be prepaid in full by the applicable Borrower on the day that the Parent Borrower receives notice thereof from the Administrative Agent, and (2) any RFR Loan shall convert to, and shall constitute, a CBR
Loan that bears interest at the Central Bank Rate for the applicable currency plus the CBR Spread; provided that if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the
Central Bank Rate for the applicable currency cannot be determined, any such affected Loan shall be prepaid in full by the applicable Borrower on the day that the Parent Borrower receives notice thereof from the Administrative Agent. 

(b) (i) Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event and its related
Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (1) of the definition of
“Benchmark Replacement” with respect to US Dollars for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any other Loan Document in respect of such Benchmark
setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with
clause (2) of the definition of “Benchmark Replacement” with respect to any Agreed Currency for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any other
Loan Document in respect of any Benchmark setting at or after 5:00 p.m., New York City time, on the fifth Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or
consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. 

  
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 (ii) Notwithstanding anything to the contrary herein or in any other Loan
Document, the Administrative Agent will have the right to make, in consultation with the Parent Borrower, Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document,
any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. 

(iii) The Administrative Agent will promptly notify the Parent Borrower and the Lenders of (A) any occurrence of a
Benchmark Transition Event, (B) the implementation of any Benchmark Replacement, (C) the effectiveness of any Benchmark Replacement Conforming Changes, (D) the removal or reinstatement of any tenor of a Benchmark pursuant to
Section 2.07(b)(iv) and (E) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, the Parent
Borrower or any Lender (or group of Lenders) pursuant to this Section 2.07, including any determination with respect to a tenor, rate or adjustment or of the occurrence or
non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or
their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section 2.07. 

(iv) Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with
the implementation of a Benchmark Replacement), (A) if the then current Benchmark is a term rate (including the Term SOFR, the CDO Rate or the EURIBO Rate) and either (1) any tenor for such Benchmark is not displayed on a screen or other
information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (2) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or
publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest Period” for any Benchmark settings at or after such time
to remove such unavailable or non-representative tenor and (B) if a tenor that was removed pursuant to clause (A) above either (1) is subsequently displayed on a screen or information service
for a Benchmark (including a Benchmark Replacement) or (2) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may
modify the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously removed tenor. 

(v) Upon the Parent Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the applicable
Borrower (or the Parent Borrower on its behalf) may revoke any request for a borrowing of, Conversion to or Continuation of a Term Benchmark Borrowing or RFR Borrowing to be made, converted or continued during any Benchmark Unavailability Period
and, failing that, the applicable Borrower will be deemed to have converted any request for (A) a Term Benchmark Borrowing denominated 

  
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in US Dollars into a request for a borrowing of or Conversion to (1) an RFR Borrowing denominated in US Dollars so long as the Adjusted Daily Simple SOFR is not the subject of a Benchmark
Transition Event or (2) a Base Rate Borrowing if the Adjusted Daily Simple SOFR is the subject of a Benchmark Transition Event or (B) any Term Benchmark Borrowing or RFR Borrowing denominated in an Alternative Currency shall be
ineffective. Furthermore, if any Term Benchmark Loan or RFR Loan in any Agreed Currency is outstanding on the date of the Parent Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period with respect to a Relevant
Rate applicable to such Term Benchmark Loan or RFR Loan, then until such time as a Benchmark Replacement for such Agreed Currency is implemented pursuant to this Section 2.07(b), (A) in the case of Loans denominated in
US Dollars, any Term Benchmark Loan shall on the last day of the Interest Period applicable to such Loan convert to, and shall constitute, (1) an RFR Loan denominated in US Dollars so long as the Adjusted Daily Simple SOFR is not the subject of
a Benchmark Transition Event or (2) a Base Rate Loan if the Adjusted Daily Simple SOFR is the subject of a Benchmark Transition Event and (B) in the case of Loan denominated in an Alternative Currency, (1) any Term Benchmark Loan
shall, on the last day of the Interest Period applicable to such Loan, convert to, and shall constitute, a CBR Loan that bears interest at the Central Bank Rate for the applicable currency plus the CBR Spread; provided that if the
Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for the applicable currency cannot be determined, any such affected Loan shall be prepaid in full by the
applicable Borrower on the day that the Parent Borrower receives notice thereof from the Administrative Agent, and (2) any RFR Loan shall convert to, and shall constitute, a CBR Loan that bears interest at the Central Bank Rate for the
applicable currency plus the CBR Spread; provided that if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that the Central Bank Rate for the applicable currency cannot be
determined, any such affected Loan shall be prepaid in full by the applicable Borrower on the day that the Parent Borrower receives notice thereof from the Administrative Agent. 

SECTION 2.08 Fees. 
 (a)
Unused Line Fee. The Parent Borrower agrees to pay to the Administrative Agent, in US Dollars, for the account of each Revolving Lender, an unused line fee (the “Unused Line Fee”) on the aggregate daily amount of such
Revolving Lender’s unused Revolving Commitment, accruing at the Applicable Revolving Unused Line Fee Rate, in each case, from the Closing Date and until the Revolving Maturity Date (or, with respect to the Unused Line Fee accruing with respect
to Revolving Commitment of any Class, until all the Revolving Commitments of such Class terminate). The Unused Line Fee accrued through and including the last day of March, June, September and December of each year shall be payable in arrears
on the 15th day after such last day (or if not a Business Day, the next following Business Day), commencing on the first such date to occur after the Closing Date; provided that the Unused Line Fee accrued with respect to Revolving Commitment
of any Class shall be payable on the date on which all the Revolving Commitments of such Class terminate. For purposes of computing the Unused Line Fees, the unused Revolving Commitment of any Class of any Revolving Lender shall be
determined solely on the basis of the outstanding Revolving Loans of such Class of such Revolving Lender and, in the case of a Multicurrency Tranche Revolving Commitment, the Letter of Credit Exposure of such Revolving Lender (and any Swingline
Exposure and Competitive Bid Exposure of such Revolving Lender shall not be considered usage of such Lender’s Revolving Commitment of any Class for purposes of this Section 2.08(a)). 

 

  
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 (b) Other Fees. The Parent Borrower shall pay to the Administrative Agent for its own
account or for the accounts of the Revolving Arrangers or Lenders, as applicable, such fees, and at such times, as shall have been separately agreed between the Parent Borrower and the Administrative Agent or the Revolving Arrangers. 

(c) Letter of Credit Fees.  

(i) The Parent Borrower shall pay to the Administrative Agent, in US Dollars, for the account of each Multicurrency Tranche
Revolving Lender, a fee (the “Letter of Credit Participation Fee”) on the average daily amount of such Lender’s Letter of Credit Exposure (excluding any portion thereof attributable to unreimbursed Letter of Credit
Disbursements), accruing at a rate per annum equal to the Applicable Revolving Interest Rate Margin for Term SOFR Loans during the period commencing on the Closing Date to but excluding the later of the date on which such Lender’s Multicurrency
Tranche Revolving Commitment terminates and the date on which such Lender ceases to have any Letter of Credit Exposure (other than any Letter of Credit Exposure attributable to Post-Maturity Letter of Credit to the extent that, under
Section 2.20, the Multicurrency Tranche Revolving Lenders shall have no participation obligations with respect thereto). The Letter of Credit Participation Fee accrued through and including the last day of March, June,
September and December of each year shall be payable in arrears on the 15th day after such last day (or if not a Business Day, the next following Business Day), commencing on the first such date to occur after the Closing Date, and on the date on
which all the Multicurrency Tranche Revolving Commitments terminate (and, if any Letter of Credit Exposure shall remain outstanding after the termination of the Multicurrency Tranche Revolving Commitments (other than any Letter of Credit Exposure
attributable to Post-Maturity Letter of Credit to the extent that, under Section 2.20, the Multicurrency Tranche Revolving Lenders shall have no participation obligations with respect thereto), on demand thereafter). 

(ii) The Parent Borrower shall pay to each Issuing Bank, in US Dollars, for its own account (A) a fronting fee (the
“Letter of Credit Fronting Fee”), on the average daily amount of the total Letter of Credit Exposure (excluding any portion thereof attributable to unreimbursed Letter of Credit Disbursements) attributable to each Letter of Credit
issued by such Issuing Bank, accruing at a rate per annum as may be separately agreed by the Parent Borrower and such Issuing Bank, during the period commencing on the date of issuance of such Letter of Credit to but excluding the date on which
there ceases to be any Letter of Credit Exposure attributable to such Letter of Credit (other than any such Letter of Credit Exposure attributable to Post-Maturity Letters of Credit if alternative arrangements have been agreed with respect thereto
by the Parent Borrower and the applicable Issuing Bank pursuant to Section 2.08(c)(iii)), and (B) such Issuing Bank’s standard fees with respect to the issuance, amendment or extension of any Letter of Credit or
processing of drawings thereunder. The Letter of Credit Fronting Fee accrued through and including the last day of March, June, September and December of each year shall be 

  
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payable in arrears on the 15th day after such last day (or if not a Business Day, the next following Business Day), commencing on the first such date to occur after the Closing Date, and on the
date on which all the Multicurrency Tranche Revolving Commitments terminate (and, if any such Letter of Credit Exposure shall remain outstanding after the termination of the Multicurrency Tranche Revolving Commitments (other than any such Letter of
Credit Exposure attributable to Post-Maturity Letters of Credit if alternative arrangements have been agreed with respect thereto by the Parent Borrower and the applicable Issuing Bank pursuant to Section 2.08(c)(iii)), on
demand thereafter). Any other fees payable to any Issuing Bank pursuant to this paragraph shall be payable within 30 days after demand. 

(iii) The Parent Borrower shall pay to each Issuing Bank, in US Dollars, for its own account a Letter of Credit fee with
respect to each Post-Maturity Letter of Credit during the period from the Revolving Maturity Date to but excluding the date on which such Post-Maturity Letter of Credit expires, at a rate and payable on such dates during such period as the
applicable Issuing Bank and the Parent Borrower shall reasonably agree upon at the time of issuance of such Post-Maturity Letter of Credit. 

SECTION 2.09 Termination, Reduction or Redesignation of Commitments; Extension of Revolving Maturity Date. 

(a) Termination, Reduction or Redesignation of Commitments. (i) The Parent Borrower shall have the right, upon at least three
Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders of any Class; provided that each partial reduction of the Commitments of
any Class shall be in the aggregate amount of no less than US$25,000,000 or the remaining balance if less than US$25,000,000; and provided further that (A) the aggregate amount of the Revolving Commitments of the Lenders of
any Class shall not be reduced to an amount that (A) is less than the sum of the Aggregate Revolving Exposures and the Aggregate Competitive Bid Exposures then outstanding or (B) would cause the Revolving Exposure of any
Class then outstanding of any Revolving Lender to exceed its Revolving Commitment of such Class. Each notice delivered by the Parent Borrower pursuant to this Section 2.09(a) shall be irrevocable; provided that
any such notice may state that it is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked if such condition is not satisfied by the Parent Borrower delivering (on or prior to the specified
effective date) notice thereof to the Administrative Agent. Any termination or reduction of the Commitments shall be permanent. 

(ii) Unless previously terminated, (A) the Term Commitments shall automatically terminate at the time specified in the
applicable Increase Amendment and (B) unless extended pursuant to Section 2.09(b), the Revolving Commitments shall automatically terminate on the Revolving Maturity Date. 

(iii) Any US Tranche Revolving Lender may, subject to the prior written consent of the Parent Borrower, elect to convert all,
but not less than all, of its US Tranche Revolving Commitment into a Multicurrency Tranche Revolving Commitment. Any such conversion shall be effected pursuant to a written agreement among the Parent Borrower, such US Tranche Revolving Lender and
the Administrative Agent. Any US Tranche 

  
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Revolving Commitment converted pursuant to this paragraph shall for all purposes hereof and of the other Loan Documents constitute a Multicurrency Tranche Revolving Commitment and the converting
US Tranche Revolving Lender shall, to the extent of the amount of its US Tranche Revolving Commitment so converted, constitute a Multicurrency Tranche Revolving Lender and shall have all the rights and obligations of a Multicurrency Tranche
Revolving Lender hereunder and under the other Loan Documents, in each case as of the effectiveness of such conversion. In furtherance of the foregoing, upon the effectiveness of any such conversion, the Multicurrency Tranche Revolving Percentages
of the Multicurrency Tranche Revolving Lenders, and their respective Letter of Credit Exposures and Swingline Exposures, shall automatically be adjusted to give effect to such conversion. If on the date of any such conversion, there are any
Multicurrency Tranche Revolving Loans outstanding, such Multicurrency Tranche Revolving Loans shall on such date be prepaid from the proceeds of new Multicurrency Tranche Revolving Loans made by the Multicurrency Tranche Revolving Lenders in
accordance with their new Multicurrency Tranche Revolving Percentages (determined reflecting such conversion), which prepayment (other than a prepayment of Base Rate Loans prior to the end of the Revolving Availability Period) shall be accompanied
by accrued interest on the Multicurrency Tranche Revolving Loans being prepaid and any costs incurred by any Multicurrency Tranche Revolving Lender in accordance with Section 9.04(b). The Administrative Agent and the
Lenders hereby agree that the minimum borrowing, revolving borrowing and revolving payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. 

(b) Extension of Revolving Maturity Date. (i) The Parent Borrower may, by written notice to the Administrative Agent delivered at
least 30 days prior to the Revolving Maturity Date then in effect (the “Existing Revolving Maturity Date”), request that each Revolving Lender consent to an extension of the Revolving Maturity Date for an additional one year;
provided that (A) not more than one such extension may be requested in any period of 12 months and (B) the Revolving Maturity Date following any such extension shall not be a date that is more than five years after the applicable
Extension Closing Date. 
 (ii) The Administrative Agent shall promptly notify each Revolving Lender of such request and each
Revolving Lender shall, in its sole discretion, notify the Administrative Agent in writing, no later than 20 days following receipt of such notice from the Administrative Agent, whether such Revolving Lender will consent to the requested extension
(each Revolving Lender consenting to the requested extension, an “Extending Lender”). The failure of any Revolving Lender to notify the Administrative Agent of its consent to any requested extension shall be deemed a rejection by
such Lender of such request (each Revolving Lender rejecting or deemed to have rejected the requested extension, a “Non-Extending Lender”). 

(iii) If Revolving Lenders constituting a Majority in Interest of the Revolving Lenders shall have agreed to extend the
Revolving Maturity Date, then, effective as of the Extension Closing Date with respect thereto, the Revolving Maturity Date applicable to the Extending Lenders shall be the first anniversary of the Existing Revolving Maturity Date; provided
that no extension of the Revolving Maturity Date pursuant to this Section 2.09(b) 

  
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shall become effective unless (the first date on which such consent of the Majority in Interest of the Revolving Lenders is obtained and the conditions specified in this proviso are satisfied
with respect to the applicable extension being called the “Extension Closing Date”) (i) the representations and warranties contained in Section 4.01 shall be true and correct in all material
respects (in the case of any representation and warranty that is qualified as to “materiality” or “Material Adverse Effect” or by similar language, in all respects) on and as of the Extension Closing Date, as though made on and
as of the Extension Closing Date, (ii) no Default or Event of Default shall have occurred and be continuing as of the Extension Closing Date and (iii) the Administrative Agent shall have received a certificate dated the Extension Closing
Date and executed by a Responsible Officer of the Parent Borrower to the effect that the conditions set forth in clauses (i) and (ii) above have been satisfied. It is understood and agreed that (A) subject to any assignment thereof in
accordance with Section 9.07(h) to an Eligible Assignee that is, or upon such assignment becomes, an Extending Lender, the Revolving Commitment of each Non-Extending Lender shall
terminate on the Existing Revolving Maturity Date, and the principal amount of any outstanding Revolving Loans made by Non-Extending Lenders, together with any accrued interest thereon and any accrued fees and
other amounts payable to or for the account of such Non-Extending Lenders hereunder, shall be due and payable on the Existing Revolving Maturity Date, and on the Existing Revolving Maturity Date the Borrowers
shall also make such other prepayments of Revolving Loans or Swingline Loans pursuant to Section 2.10 as shall be required in order that, after giving effect to the termination of the Revolving Commitments of, and all
payments to, Non-Extending Lenders, (x) no Revolving Lender’s Revolving Exposure of any Class shall exceed such Revolving Lender’s Revolving Commitment of such Class, (y) the sum of
the Aggregate Revolving Exposure and the Aggregate Competitive Bid Exposure then outstanding shall not exceed the Aggregate Revolving Commitments and (z) the Revolving Loans of any Class are held by the Revolving Lenders of such
Class in accordance with their respective Revolving Commitments of such Class, and (B) the Revolving Maturity Date, as such term is used in reference to Letters of Credit or Swingline Loans, may not be extended in respect of any Issuing
Bank or Swingline Lender, as applicable, without the prior written consent of such Issuing Bank or Swingline Lender, as applicable (it being understood and agreed that in the event any Issuing Bank or Swingline Lender shall not have consented to any
such extension (x) such Issuing Bank shall continue to have all the rights and obligations of an Issuing Bank hereunder, and such Swingline Lender shall continue to have all the rights and obligations of a Swingline Lender hereunder, in each
case through the Existing Revolving Maturity Date, and thereafter shall have no obligation to issue, amend or extend any Letter of Credit or to make any Swingline Loan (but shall continue to be entitled to the benefits hereof as to Letters of Credit
issued or Swingline Loans made, as applicable, prior to such time), and (y) the Borrowers shall cause the Letter of Credit Exposure attributable to Letters of Credit issued by such Issuing Bank and the Swingline Exposure attributable to
Swingline Loans made by such Swingline Lender to be zero on the Existing Revolving Maturity Date). 
 (iv) If the Revolving
Commitment of any Non-Extending Lender is assigned pursuant to Section 9.07(h), then the assignee thereof shall be deemed, for all purposes hereof, to be an Extending Lender with
respect to the applicable extension and, to the extent of the Revolving Commitment so assigned, shall have all the rights and obligations of an Extending Lender of the applicable Class, in each case as of the effectiveness of such assignment. 

  
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 (v) In connection with any extension of the Revolving Maturity Date pursuant
to this Section 2.09(b), the Administrative Agent, Kraft Heinz and the Parent Borrower may, without the consent of any Lender, effect such amendments to this Agreement as may be necessary or appropriate, in the reasonable
opinion of the Administrative Agent, to give effect to the provisions of this Section 2.09(b). 
 SECTION 2.10
Prepayments of Committed Loans and Swingline Loans. 
 (a) Optional Prepayments of Committed Loans and Swingline Loans. Each
Borrower may (i) in the case of any Term Benchmark Loan, upon notice given to the Administrative Agent not later than 11:00 a.m., New York City time, at least three Business Days prior to the date of the proposed prepayment, (ii) in
the case of an RFR Loan (other than a Swingline Loan), upon notice given to the Administrative Agent not later than 11:00 a.m., New York City time, at least three RFR Business Days prior to the date of the proposed prepayment, (iii) in the
case of any Base Rate Loan or any Canadian Prime Rate Loan, upon notice given to the Administrative Agent not later than 11:00 a.m., New York City time, on the date of the proposed prepayment or (iv) in the case of any Swingline Loan, upon
notice given to the Administrative Agent and the applicable Swingline Lender not later than 11:00 a.m., London time, on the date of the proposed prepayment, in each case stating the Committed Borrowing or the Swingline Loan to be prepaid and the
proposed date and aggregate principal amount and currency of the prepayment, prepay any Committed Borrowing or any Swingline Loan, in whole or ratably in part, in each case, together with accrued interest to the date of such prepayment on the
principal amount prepaid; provided, however, that (A) each partial prepayment of any Committed Borrowing shall be in an aggregate amount that would be permitted in the case of an advance of a Committed borrowing in the applicable
currency as provided in Section 2.01(b) and (B) in the event of any such prepayment of a Term Benchmark Loan, such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to
Section 9.04(b). Upon the giving of any such notice, the applicable Borrower shall be obligated to prepay as set forth therein the applicable Committed Borrowing or Swingline Loan; provided that any such notice may
state that it is conditioned upon the occurrence of one or more events specified therein, in which case such notice may be revoked if such condition is not satisfied by the applicable Borrower delivering (on or prior to the time such prepayment
would otherwise be required to be made) notice thereof to the Administrative Agent. Each prepayment of a Committed Borrowing shall be applied ratably to the Committed Loans included in the prepaid Borrowing. Any prepayment of a Committed Borrowing
(other than a prepayment of a Revolving Borrowing comprised of Base Rate Loans prior to the end of the Revolving Availability Period) or a Swingline Loan shall be accompanied by accrued interest to the date of such prepayment on the principal amount
prepaid. In the event of any such prepayment of a Term Benchmark Loan, the applicable Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(b). 

  
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 (b) Mandatory Prepayments of Revolving Borrowings and Swingline Loans. If, on any
date, (i) the Aggregate Alternative Currency Revolving Exposure shall exceed the Alternative Currency Sublimit, (ii) the Aggregate Multicurrency Tranche Revolving Exposure shall exceed the Aggregate Multicurrency Tranche Revolving
Commitments, (iii) the Aggregate US Tranche Revolving Exposure shall exceed the Aggregate US Tranche Revolving Commitments or (iv) the sum of the Aggregate Revolving Exposure and the Aggregate Competitive Bid Exposure shall exceed the
Aggregate Revolving Commitments, then (A) on the last day of any Interest Period for any Revolving Loans of the applicable Class that are Term SOFR Loans (other than in the case of clause (i) above), EURIBO Rate Loans or CDO Rate
Loans and (B) on any other day on which any Revolving Loans of the applicable Class that are Base Rate Loans or Canadian Prime Rate Loans or any Swingline Loans are outstanding, the applicable Borrowers shall prepay Revolving Loans of the
applicable Class or Swingline Loans in an aggregate amount equal to the lesser of (1) the amount necessary to eliminate such excess (after giving effect to any other prepayment of Loans on such day) and (2) the amount of the
applicable Revolving Borrowings or Swingline Loans referred to in clause (A) or (B). If, on any date, (i) the Aggregate Alternative Currency Revolving Exposure shall exceed 105% of the Alternative Currency Sublimit, (ii) the Aggregate
Multicurrency Tranche Revolving Exposure shall exceed 105% of the Aggregate Multicurrency Tranche Revolving Commitments, (iii) the Aggregate US Tranche Revolving Exposure shall exceed 105% of the Aggregate US Tranche Revolving Commitments or
(iv) the sum of the Aggregate Revolving Exposure and the Aggregate Competitive Bid Exposure shall exceed 105% of the Aggregate Revolving Commitments, then the applicable Borrowers shall, not later than the next Business Day, prepay one or more
Revolving Borrowings and Swingline Loans (and, if no Revolving Borrowings or Swingline Loans are outstanding, deposit cash collateral in an account with the Administrative Agent pursuant to Section 2.20(g)) in an aggregate
amount equal to the lesser of (1) the amount necessary to eliminate such excess and (2) the Aggregate Revolving Exposure. The Parent Borrower shall notify the Administrative Agent of any mandatory prepayment of any Borrowing under this
Section 2.10(b) in the manner and within the time period (or as soon thereafter as practicable) as set forth in Section 2.10(a) for an optional prepayment of a Borrowing of such Class and
Type. Each prepayment of a Committed Borrowing shall be applied ratably to the Committed Loans included in the prepaid Borrowing. Any prepayment of a Committed Borrowing (other than a prepayment of a Revolving Borrowing comprised of Base Rate Loans
prior to the end of the Revolving Availability Period) or a Swingline Loan shall be accompanied by accrued interest to the date of such prepayment on the principal amount prepaid. In the event of any such prepayment of a Term Benchmark Loan, the
applicable Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(b). 

SECTION 2.11 Increased Costs. 

(a) Costs from Change in Law or Authorities. If, due to either (i) the introduction or taking effect after the date hereof of any
law or regulation, or any change after the date hereof in or in the interpretation, application or administration of, any law or regulation or (ii) the compliance with any guideline, rule, directive or request promulgated after the date hereof
from any Governmental Authority (whether or not having the force of law), there shall be any increase in the cost to any Lender or Issuing Bank of agreeing to make or making, funding or maintaining Loans or agreeing to issue or participate or
issuing or participating in any Letter of Credit (excluding for purposes of this Section 2.11(a) any such increased costs resulting from (i) Taxes or Other Taxes (as to which Section 2.14
shall govern) and (ii) taxes referred to in Sections 2.14(a)(i), 2.14(a)(ii), 2.14(a)(iii), 2.14(a)(iv) or 2.14(a)(v)), then the Parent Borrower shall within 20 Business Days after receipt
by the Parent Borrower of demand by such Lender or Issuing Bank (with a copy of such demand to the Administrative Agent), pay to such Lender or 

  
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Issuing Bank additional amounts sufficient to compensate such Lender or Issuing Bank for such increased cost; provided, however, that before making any such demand, each Lender and
Issuing Bank agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different lending or issuing office if the making of such a designation would avoid the need for, or reduce the
amount of, such increased cost and would not, in the reasonable judgment of such Lender or Issuing Bank, be otherwise disadvantageous to such Lender or Issuing Bank. A certificate as to the amount of such increased cost submitted to the Parent
Borrower and the Administrative Agent by such Lender or Issuing Bank shall be conclusive and binding upon all parties hereto for all purposes, absent manifest error. 

(b) Reduction in Lender’s Rate of Return. In the event that, after the date hereof, the implementation or taking
effect of, or any change in, any law or regulation, or any guideline, rule, directive or request (whether or not having the force of law) or the interpretation, application or administration thereof by any Governmental Authority charged with the
administration thereof, imposes, modifies or deems applicable any capital adequacy, liquidity or similar requirement (including, without limitation, a request or requirement which affects the manner in which any Lender or Issuing Bank or its parent
company allocates capital resources to its Commitments and its other obligations hereunder) and as a result thereof, in the determination of such Lender or Issuing Bank, the rate of return on such Lender’s or Issuing Bank’s or its parent
company’s capital as a consequence of its obligations hereunder is reduced to a level below that which such Lender or Issuing Bank could have achieved but for such circumstances (taking into consideration such Lender’s or Issuing
Bank’s policies and the policies of such Lender’s or Issuing Bank’s parent company with respect to capital adequacy, liquidity or similar requirements), then, in each such case, the Parent Borrower shall within 20 Business Days after
receipt by the Parent Borrower of demand by such Lender or Issuing Bank pay to such Lender or Issuing Bank such additional amount or amounts as shall compensate such Lender or Issuing Bank for such reduction in rate of return. A certificate of such
Lender or Issuing Bank as to any such additional amount or amounts shall be conclusive and binding for all purposes, absent manifest error. Except as provided below, in determining any such amount or amounts each Lender and Issuing Bank may use any
reasonable averaging and attribution methods. Notwithstanding the foregoing, each Lender and Issuing Bank shall take all reasonable actions (consistent with its internal policy and legal and regulatory restrictions) to avoid the imposition of, or
reduce the amounts of, such increased costs, provided that such actions, in the reasonable judgment of such Lender or Issuing Bank, will not be otherwise disadvantageous to such Lender or Issuing Bank and, to the extent possible, each Lender
will calculate such increased costs based upon the capital requirements for its Loans and unused Commitment hereunder and not upon the average or general capital requirements imposed upon such Lender. 

(c) The Parent Borrower shall pay to each Lender (i) as long as such Lender shall be required by a central banking or financial
regulatory authority with regulatory authority over such Lender to maintain reserves with respect to liabilities or assets consisting of or including funds or deposits obtained in the applicable interbank market, additional interest on the unpaid
principal amount of each EURIBO Rate Loan or CDO Rate Loan equal to the actual costs of such reserves allocable to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent manifest error),
and (ii) as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the

  
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Commitments or the funding of the EURIBO Rate Loans or CDO Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal
places) equal to the actual costs allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent manifest error), which in each case shall be due and payable on each
date on which interest is payable on such Loan; provided that the Parent Borrower shall have received a written notice requesting such additional interest or costs from such Lender at least 15 days prior to such date (and, in the event such
notice shall have been delivered after such time, then such additional interest or costs shall be due and payable 15 days after receipt of such notice). 

(d) Dodd-Frank Wall Street Reform and Consumer Protection Act; Basel III. Notwithstanding anything herein to the
contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated
by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall, in each case be
deemed to be a change in law or regulation after the date hereof regardless of the date enacted, adopted or issued. 
 (e) Requests for
Compensation. Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section 2.11 shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand
such compensation; provided that no Borrower shall be required to compensate a Lender or Issuing Bank pursuant to this Section 2.11 for any increased costs or reductions if such Lender or Issuing Bank fails to notify
the Parent Borrower within 180 days after it obtains actual knowledge (or, in the exercise of ordinary due diligence, should have obtained actual knowledge) thereof and such Lender or Issuing Bank shall only be entitled to receive such compensation
for any losses incurred by it or amounts to which it would otherwise be entitled from and after the date 180 days prior to the date such Lender or Issuing Bank provided notice thereof to the Parent Borrower of the circumstances giving rise to such
increased costs or reductions and of such Lender’s or Issuing Bank’s claim for compensation therefor; provided further that, if the circumstances giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

SECTION 2.12 Illegality. Notwithstanding any other provision of this Agreement, if any Lender shall notify the Administrative Agent
that the introduction or taking effect of, or any change in, or in the interpretation, application or administration of, any law or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for
any Lender to perform its obligations hereunder to make Term Benchmark Loans, RFR Loans or Floating Rate Bid Loans, or to fund or maintain Term Benchmark Loans, RFR Loans or Floating Rate Bid Loans, or to charge interest on Base Rate Loans by
reference to the Adjusted Term SOFR component of the Base Rate, (a) each affected Term SOFR Loan or Floating Rate Bid Loan, as the case may be, of such Lender that is denominated in US Dollars and made to the Parent Borrower or a Borrower that
is a Domestic Subsidiary will automatically, upon such demand, be Converted into a Base Rate Loan or a Loan that bears interest at the rate set forth in Section 2.04(a)(i), as applicable, (b) each affected CDO Rate
Loan or Floating Rate Bid Loan, as the case may be, of such Lender denominated in Canadian Dollars will automatically, upon such 

  
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demand, be Converted into a Canadian Prime Rate Loan or a Loan that bears interest at the rate set forth in Section 2.04(a)(vii), as applicable, (c) each other
affected Term SOFR Loan, RFR Loan or Floating Rate Bid Loan, as the case may be, of such Lender denominated in Sterling or Euro will, upon such demand, be prepaid, (d) the obligation of the applicable Lender to make affected Term Benchmark
Loans, RFR Loans or Floating Rate Bid Loans, to Convert Base Rate Loans into Term SOFR Loans or to Convert Canadian Prime Rate Loans into CDO Rate Loans, as applicable, shall be suspended, (e) if such notice asserts the illegality of charging
interest on Base Rate Loans by reference to the Adjusted Term SOFR component of the Base Rate, the interest rate on such Base Rate Loans shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the
Adjusted Term SOFR component of the Base Rate, in each case, until such Lender shall notify the Administrative Agent and the Parent Borrower that the circumstances causing such suspension no longer exist, in each case, subject to
Section 9.04(b) hereof; provided, however, that before making any such demand, each Lender agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to
designate a different lending office if the making of such a designation would allow such Lender or its applicable lending office to continue to perform its obligations to make the applicable Term Benchmark Loans, RFR Loans or Floating Rate Bid
Loans, to continue to fund or maintain the applicable Term Benchmark Loans, RFR Loans or Floating Rate Bid Loans or to continue to charge interest on Base Rate Loans by reference to the Adjusted Term SOFR component of the Base Rate, as the case may
be, and would not, in the judgment of such Lender, be otherwise disadvantageous to such Lender. 
 SECTION 2.13 Payments and
Computations. 
 (a) Time and Distribution of Payments. Each Borrower shall make each payment hereunder or under each other Loan
Document, without condition or deduction for any set-off, counterclaim, defense or recoupment, prior to the time expressly required hereunder or under such other Loan Document for such payment (or, if no such
time is expressly required, then, (i) in the case of payments in US Dollars, prior to 1:00 p.m., New York City time, (ii) in the case of payments made in Canadian Dollars, prior to 1:00 p.m., Toronto time, (iii) in the case of
payments made in Sterling, prior to 1:00 p.m., London time, (iv) in the case of payments made in Euros, prior to 1:00 p.m., Brussels time and, in the case of payments in any other currency, no later than the Applicable Time specified by the
Administrative Agent), on the day when due to the Administrative Agent at the Administrative Agent Account in same day funds, except that payments required to be made directly to any Issuing Bank or Swingline Lender shall be made to such Issuing
Bank or Swingline Lender and payments pursuant to Sections 2.11, 2.14 and 9.04 shall be made directly to the Persons entitled thereto. Any amounts received after such time on any date may, in the discretion of
the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. The Administrative Agent will distribute, in like funds, any such payments received by it for the account of
any other Person to the appropriate recipient promptly following receipt thereof. All payments hereunder of principal or interest in respect of any Loan or Letter of Credit Disbursement shall, except as otherwise expressly provided herein, be made
in the currency of such Loan or Letter of Credit Disbursement; all other payments hereunder and under the other Loan Documents shall be made in US Dollars. Any payment required to be made by the Administrative Agent hereunder shall be deemed to have
been made by the time required if the Administrative Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the regulations or operating procedures of the clearing or settlement system used by the
Administrative Agent to make such payment. 

  
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 (b) Computation of Interest and Fees. All computations of (i) interest based on
the Base Rate at times when the Base Rate is based on the Prime Rate, (ii) interest on Committed Borrowings denominated in Sterling and (iii) interest on Committed Borrowings denominated in Canadian Dollars shall be made by the
Administrative Agent on the basis of a year of 365 days (or 366 days in a leap year). All other computations of interest in respect of Committed Loans or Swingline Loans and all computations of Unused Line Fees and Letter of Credit Participation
Fees shall be made by the Administrative Agent, and all computations of the Letter of Credit Fronting Fees shall be made by the applicable Issuing Bank, in each case on the basis of a year of 360 days. All computations of interest in respect of
Competitive Bid Loans shall be made by the Administrative Agent on the basis of a year of 360 days in the case of Floating Rate Bid Loans and on the basis of a year of 365 (or 366 days in a leap year) in the case of Fixed Rate Bid Loans,
as specified in the applicable Notice of Competitive Bid Notice. Computations of interest or Unused Line Fees, Letter of Credit Participation Fees and Letter of Credit Fronting Fees shall in each case be made for the actual number of days (including
the first day but excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Administrative Agent (or, in the case of Letter of Credit Fronting Fees, by the applicable Issuing Bank), of an
interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 (c) Interest Act
(Canada). For purposes of disclosure pursuant to the Interest Act (Canada), (i) the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other Loan Documents (and stated herein or
therein, as applicable, to be computed on the basis of a 360 day year or any other period of time less than a calendar year) are equivalent to the rates so determined multiplied by the actual number of days in the applicable calendar year and
divided by 360 or such other period of time, respectively, (ii) the principle of deemed reinvestment of interest shall not apply to any interest calculation under this Agreement; and (iii) the rates of interest stipulated in this Agreement
are intended to be nominal rates and not effective rates or yields. 
 (d) Payment Due Dates. Whenever any payment hereunder shall be
stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or Unused Line Fees, Letter of
Credit Participation Fees or Letter of Credit Fronting Fees, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of Term Benchmark Loans or Floating Rate Bid Loans to be made in
the next following calendar month, such payment shall be made on the immediately preceding Business Day. 
 (e) Presumption of Borrower
Payment. Unless the Administrative Agent receives notice from any Borrower prior to the date on which any payment is due to any Lenders or an Issuing Bank hereunder that such Borrower will not make such payment in full, the Administrative Agent
may assume that such Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, cause to be distributed to such Lenders or such Issuing Bank on such due date an

  
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amount equal to the amount then due such Lenders or such Issuing Bank. If and to the extent such Borrower has not made such payment in full to the Administrative Agent, then each of the
applicable Lenders or such Issuing Bank, as the case may be, shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender or such Issuing Bank, together with interest thereon, for each day from the date such
amount is distributed to such Lender or such Issuing Bank until the date such Lender or such Issuing Bank repays such amount to the Administrative Agent (i) in the case of payments denominated in US Dollars, the higher of (A) the NYFRB
Rate and (B) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation in US Dollars or (ii) in the case of payments denominated in any other currency, a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation in the applicable currency. 
 SECTION 2.14
Taxes. 
 (a) Any and all payments by Kraft Heinz or any Borrower hereunder or under any other Loan Document shall be made, in
accordance with Section 2.13, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities (including penalties, interest,
additions to taxes and expenses) with respect thereto (all such taxes, levies, imposts, deductions, charges, withholdings and liabilities, excluding, (i) in the case of each Lender and the Administrative Agent, taxes imposed on its net income,
franchise taxes and branch profits taxes imposed on it, in each case, as a result of such Lender or the Administrative Agent (as the case may be) being organized under the laws of the taxing jurisdiction, (ii) in the case of each Lender, taxes
imposed on its net income, franchise taxes and branch profits taxes imposed on it, in each case, as a result of such Lender having its lending office in the taxing jurisdiction, (iii) in the case of each Lender and the Administrative Agent,
taxes imposed on its net income, franchise taxes and branch profits taxes imposed on it, and any tax imposed by means of withholding, in each case, to the extent such tax is imposed solely as a result of a present or former connection (other than a
connection arising from such Lender or the Administrative Agent having executed, delivered, enforced, become a party to, performed its obligations, received payments, received or perfected a security interest under, and/or engaged in any other
transaction pursuant to this Agreement or any other Loan Document) between such Lender or the Administrative Agent, as the case may be, and the taxing jurisdiction, (iv) in the case of each Lender and the Administrative Agent, any taxes imposed
pursuant to FATCA, and (v) in the case of each Lender and the Administrative Agent, any Home Jurisdiction U.S. Withholding Tax to the extent that such tax is imposed with respect to any payments pursuant to any law in effect at the time such
Lender becomes a party hereto (or changes its lending office), except (A) to the extent of the additional amounts in respect of such taxes under this Section 2.14 to which such Lender’s assignor (if any) or such
Lender’s prior lending office (if any) was entitled, immediately prior to such assignment or change in its lending office or (B) if such Lender becomes a party hereto pursuant to an Assignment and Assumption upon the demand of the Parent
Borrower, are referred to herein as “Taxes”), except as required by applicable law. If any applicable withholding agent shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder or under any other
Loan Document to any Lender or the Administrative Agent, (i) the sum payable by the applicable Borrower or Kraft Heinz shall be increased as may be necessary so that after all required deductions (including deductions applicable to additional
sums payable under this Section 2.14) have been made, such Lender or the Administrative Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the
applicable withholding agent shall make such deductions and (iii) the applicable withholding agent shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law. 

  
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 (b) In addition, Kraft Heinz, the Parent Borrower and each other applicable Borrower shall
pay any present or future stamp, court or documentary, intangible, recording, filing or similar taxes (other than Taxes or taxes excluded from the definition of “Taxes” in Section 2.14(a)) that arise from any
payment made hereunder or under any other Loan Document or from the execution, delivery, enforcement or registration of, performing under, the perfection of a security interest under, or otherwise with respect to, this Agreement or any other Loan
Document, other than any such taxes imposed by reason of an Assignment and Assumption (hereinafter referred to as “Other Taxes”). 

(c) Kraft Heinz, the Parent Borrower and each other Borrower shall indemnify each Lender and the Administrative Agent for and hold it harmless
against the full amount of Taxes or Other Taxes (including, without limitation, Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this Section 2.14) payable or paid by such Lender or the
Administrative Agent (as the case may be), and any liability (including penalties, interest, additions to taxes and reasonable expenses) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally
asserted. A certificate as to the amount of such payment or liability delivered to the Parent Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be
conclusive absent manifest error. This indemnification shall be made within 30 days from the date such Lender or the Administrative Agent (as the case may be), makes written demand therefor; provided, that if the applicable Lender or the
Administrative Agent (as the case may be) fails to provide notice to the Parent Borrower of the imposition of any Taxes or Other Taxes within 60 days following the actual receipt of written notice from the applicable Governmental Authority of the
imposition of such Taxes or Other Taxes, there will be no obligation for Kraft Heinz or any Borrower to make a payment to such Lender or the Administrative Agent (as the case may be) pursuant to this Section 2.14(c) in
respect of any related penalties, interest, additions to taxes and reasonable expenses attributable to the period beginning after such 60th day and ending 10 days after the Parent Borrower receives notice from such Lender or the Administrative Agent
(as the case may be). Neither Kraft Heinz nor any Borrower will have any obligation to make a payment to any Lender or the Administrative Agent (as the case may be) pursuant to this Section 2.14(c) in respect of any portion
of any penalties, interest, additions to taxes and reasonable expenses that are found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or
willful misconduct of such Lender or the Administrative Agent (as the case may be). 
 (d) As soon as practicable after the date of any
payment of Taxes or Other Taxes, Kraft Heinz, the Parent Borrower and each other applicable Borrower shall furnish to the Administrative Agent the original or a certified copy of a receipt evidencing such payment or other evidence of such payment
reasonably satisfactory to the Administrative Agent. 
  

  
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 (e) Each Lender, on or prior to the date of its execution and delivery of this Agreement or,
in the case of any Lender that becomes a party hereto after the Closing Date, on or prior to the date it becomes a party hereto, and at the time or times reasonably requested, shall provide each of the Administrative Agent, Kraft Heinz, the Parent
Borrower and each other applicable Borrower with any form or certificate that is required by any United States federal taxing authority to certify such Lender’s entitlement to any applicable exemption from or reduction in, Home Jurisdiction
U.S. Withholding Tax in respect of any payments hereunder or under any other Loan Document (including, if applicable, two copies of Internal Revenue Service Forms W-9,
W-8BEN, W-8BEN-E or W-8ECI, as appropriate, or any successor or other form prescribed by
the Internal Revenue Service or to the extent a Non-U.S. Lender is not the beneficial owner (for example, where the Non-U.S. Lender is a partnership or a participating
Lender that transfers its beneficial ownership through a participation), two copies of Internal Revenue Service Form W-8IMY, accompanied by any applicable certification documents from each beneficial owner)
and any other tax documentation reasonably requested by Kraft Heinz, the Parent Borrower, any other Borrower or the Administrative Agent; provided that the completion, execution and submission of such other tax documentation (and only such other tax
documentation) shall not be required if in such Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial
position of such Lender. Thereafter, each such Lender shall provide additional forms or certificates (i) to the extent a form or certificate previously provided has become inaccurate or invalid or has otherwise ceased to be effective or
(ii) as requested in writing by Kraft Heinz, the Parent Borrower, any other Borrower or the Administrative Agent or, if such Lender no longer qualifies for the applicable exemption from or reduction in, Home Jurisdiction U.S. Withholding Tax,
promptly notify the Administrative Agent and Kraft Heinz, the Parent Borrower or such other Borrower of its inability to do so. Unless Kraft Heinz, the Parent Borrower, such other Borrower and the Administrative Agent have received forms or other
documents from each Lender satisfactory to them indicating that payments hereunder or under any other Loan Document are not subject to Home Jurisdiction U.S. Withholding Taxes or are subject to Home Jurisdiction U.S. Withholding Taxes at a rate
reduced by an applicable tax treaty, Kraft Heinz, the Parent Borrower, such other Borrower or the Administrative Agent shall withhold such taxes from such payments at the applicable statutory rate in the case of payments to or for such Lender and
Kraft Heinz, the Parent Borrower or such other Borrower shall pay additional amounts to the extent required by paragraph (a) of this Section 2.14 (subject to the exceptions contained in this
Section 2.14). 
 (f) If a payment made to a Lender hereunder or under any other Loan Document would be subject to
U.S. Federal withholding tax imposed pursuant to FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Sections 1471(b) or 1472(b) of the Internal Revenue Code, as
applicable), such Lender shall, on or prior to the date of its execution and delivery of this Agreement or, in the case of any Lender that becomes a party hereto after the Closing Date, on or prior to the date it becomes a party hereto, provide each
of the Administrative Agent, Kraft Heinz, the Parent Borrower and each other applicable Borrower such documentation prescribed by applicable law (including, if applicable, Internal Revenue Service Forms W-8BEN
or W-8BEN-E) and such additional documentation reasonably requested by the Administrative Agent, Kraft Heinz, the Parent Borrower or any other Borrower as may be
necessary for the Administrative Agent, Kraft Heinz, the Parent Borrower or such other Borrower to comply with their obligations under FATCA and to determine whether such Lender has complied with such Lender’s obligations under FATCA and the
amount, if any, to deduct and withhold from such payment. Thereafter, each such Lender shall provide additional documentation (i) to the extent documentation previously provided has become inaccurate or invalid or has otherwise ceased to be
effective or (ii) as reasonably requested by the Administrative Agent, Kraft Heinz, the Parent Borrower or any other Borrower. Solely for purposes of this paragraph (f), “FATCA” shall include any amendments made to FATCA after
the date of this Agreement. 

  
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 (g) In the event that a Designated Subsidiary is a Foreign Subsidiary, each Lender shall
promptly complete and deliver to such Borrower and the Administrative Agent, or, at their request, to the applicable taxing authority, so long as such Lender is legally eligible to do so, any certificate or form reasonably requested in writing by
such Borrower or the Administrative Agent and required by applicable law in order to secure any applicable exemption from, or reduction in the rate of, deduction or withholding of the applicable Home Jurisdiction
Non-U.S. Withholding Taxes for which such Borrower is required to pay additional amounts pursuant to this Section 2.14. 

(h) Any Lender claiming any additional amounts payable pursuant to this Section 2.14 agrees to use reasonable
efforts (consistent with its internal policy and legal and regulatory restrictions) to select or change the jurisdiction of its lending office if the making of such a selection or change would avoid the need for, or reduce the amount of, any such
additional amounts that may thereafter accrue and would not, in the reasonable judgment of such Lender be otherwise materially economically disadvantageous to such Lender. 

(i) No additional amounts will be payable pursuant to this Section 2.14 with respect to any Tax to the extent such
Tax would not have been payable had the Lender fulfilled its obligations under paragraph (e), (f) or (g) of this Section 2.14 as applicable. 

(j) If any Lender or the Administrative Agent, as the case may be, obtains a refund of any Tax for which payment has been made pursuant to
this Section 2.14, or, in lieu of obtaining such refund, such Lender or the Administrative Agent applies the amount that would otherwise have been refunded as a credit against payment of a liability in respect of Taxes,
which refund or credit in the good faith judgment of such Lender or the Administrative Agent, as the case may be, is allocable to such payment made under this Section 2.14, the amount of such refund or credit (together with
any interest thereon paid by the relevant Governmental Authority and reduced by reasonable out-of-pocket costs incurred in obtaining such refund or credit and by any
applicable taxes) promptly shall be paid to Kraft Heinz or the applicable Borrower to the extent payment has been made in full by Kraft Heinz or such Borrower pursuant to this Section 2.14. Kraft Heinz or the applicable
Borrower, upon the request of any Lender or the Administrative Agent, shall repay to such Lender or the Administrative Agent, as applicable, the amount paid over pursuant to this paragraph (j) (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) in the event that such Lender or the Administrative Agent, as applicable, is required to repay such refund or credit to such Governmental Authority. Notwithstanding anything to the contrary in this
paragraph (j), in no event will any Lender or the Administrative Agent be required to pay any amount to Kraft Heinz or any Borrower pursuant to this paragraph (j) the payment of which would place any Lender or the Administrative Agent in a
less favorable net after-tax position than such indemnified party would have been in if the Tax giving rise to such refund or credit had not been deducted, withheld or otherwise imposed and the indemnification
payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any Lender or the Administrative Agent to make available its tax returns (or any other information relating to its taxes
that it deems confidential) to Kraft Heinz, any Borrower or any other Person. 

  
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 (k) For purposes of this Section 2.14, the term “Lender”
includes any Issuing Bank. 
 (l) Survival. Each party’s obligations under this Section 2.14 shall
survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan
Document. 
 SECTION 2.15 Sharing of Payments, Etc. If any Lender shall obtain any payment (whether voluntary, involuntary, through
the exercise of any right of set-off, or otherwise) on account of any principal of or interest on any of its Revolving Loans or Term Loans or its participations in Letter of Credit Disbursements or Swingline
Loans in excess of its ratable share of payments on account of any principal of or interest on the Revolving Loans, Term Loans and participations in Letter of Credit Disbursements and Swingline Loans obtained by all the applicable Lenders, such
Lender shall forthwith give notice thereof to the Administrative Agent and shall purchase (for cash at face value) from the other Lenders such participations in the Revolving Loans and Term Loans and such subparticipations in participations in
Letter of Credit Disbursements and Swingline Loans as shall be necessary to cause such purchasing Lender to share the excess payment ratably with the other Lenders in accordance with the aggregate amount of principal of and accrued interest on their
respective Revolving Loans, Term Loans and participations in Letter of Credit Disbursements and Swingline Loans; provided, however, that (a) if all or any portion of such excess payment is thereafter recovered from such purchasing
Lender, such purchase from each Lender shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the extent of such recovery together with an amount equal to such Lender’s ratable share (according to the
proportion of (i) the amount of such Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount
so recovered and (b) the provisions of this Section 2.15 shall not be construed to apply to any payment made by Kraft Heinz or the Borrowers pursuant to and in accordance with the express terms of this Agreement or the
other Loan Documents (for the avoidance of doubt, as in effect from time to time), including Sections 2.09(b)(iii), 2.12, 9.07(h) and 9.08, or any payment obtained by a Lender as consideration for
the assignment of or sale of a participation in any of its Revolving Loans, Term Loans or participations in Letter of Credit Disbursements or Swingline Loans to any Person that is an Eligible Assignee (as such term is defined from time to time).
Each Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this Section 2.15 may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of such Borrower in the amount of such participation. 

  
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 SECTION 2.16 Evidence of Debt. 

(a) Lender Records; Revolving, Term Notes and Swingline Notes. Each Lender shall maintain in accordance with its usual practice an
account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Class of Loans owing to such Lender from time to time, including the amounts and currencies of principal and interest payable and paid to such
Lender from time to time hereunder in respect of such Loans. Each Borrower shall, upon notice by any Lender to such Borrower (with a copy of such notice to the Administrative Agent) to the effect that a Revolving Note, a Term Note or a Swingline
Note is required or appropriate in order for such Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the Revolving Loans, Term Loans or Swingline Loans, as the case may be, owing to, or to be made by, such Lender, promptly
execute and deliver to such Lender a Revolving Note, a Term Note or a Swingline Note, as applicable, payable to such Lender, or its registered assigns, in a principal amount up to the Revolving Commitment (or, if greater, the aggregate outstanding
principal amount of the Revolving Loans of such Lender to such Borrower), the Term Loans or the Swingline Commitment, as applicable, of such Lender. 

(b) Record of Borrowings, Payables and Payments. The Register maintained by the Administrative Agent pursuant to
Section 9.07(d) shall contain a record of: 
 (i) the date and amount of each Borrowing made
hereunder, the Class, Type and currency of Loans comprising such Borrowing and, if appropriate, the Interest Period applicable thereto; 

(ii) the terms of each Assignment and Assumption delivered to and accepted by the Administrative Agent; 

(iii) the amount of any principal or interest due and payable or to become due and payable from each Borrower to each Lender
hereunder and the Maturity Date applicable to each Loan; and 
 (iv) the amount of any sum received by the Administrative
Agent from the Borrowers hereunder and each Lender’s share thereof. 
 (c) Evidence of Payment Obligations. Entries made in good
faith by the Administrative Agent in the Register pursuant to Section 2.16(b), and by each Lender in its account or accounts pursuant to Section 2.16(a), shall be prima facie evidence of the amount
of principal and interest due and payable or to become due and payable from each Borrower to, in the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement, absent manifest error;
provided, however, that the failure of the Administrative Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations
of any Borrower under this Agreement. 
 SECTION 2.17 Incremental Facilities. 

(a) The Parent Borrower may from time to time (but not more than three times in any calendar year), by written notice to the Administrative
Agent (which shall promptly deliver a copy to each of the Lenders and the Issuing Banks), executed by the Parent Borrower and one or more financial institutions (any such financial institution referred to in this
Section 2.17 being called an “Augmenting Lender”), which may include any Lender at such Lender’s sole discretion, cause new Revolving Commitments of any Class or one or more tranches of term loans
(each an “Incremental Term Loan”) to be extended by the Augmenting Lenders or cause the existing 

  
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Revolving Commitments of any Class of the Augmenting Lenders to be increased, as the case may be (the aggregate amount of such new Revolving Commitments or increases in the existing
Revolving Commitments for all Augmenting Lenders on any single occasion being referred to as a “Revolving Commitment Increase”; and any Revolving Commitment Increase or incurrence of Incremental Term Loans on any single occasion,
each, an “Increase”), in an amount for each Augmenting Lender set forth in such notice; provided that (i) the amount of each Increase shall be not less than US$25,000,000, except to the extent necessary to utilize the
remaining unused maximum amount of all the Increases permitted under this Section 2.17(a), and (ii) the aggregate amount of all the Increases shall not exceed US$1,000,000,000. Each Augmenting Lender (if not then a
Lender) shall be subject to the approval of the Administrative Agent and, in the case of a Revolving Commitment Increase with respect to the Multicurrency Tranche Revolving Commitments, each Issuing Bank and each Swingline Lender (which approval
shall not be unreasonably withheld or delayed) and shall not be subject to the approval of any other Lenders, and Kraft Heinz, the Parent Borrower and each Augmenting Lender shall execute all such documentation as the Administrative Agent shall
reasonably specify to evidence the Revolving Commitment or Incremental Term Loans of such Augmenting Lender and/or its status as a Lender hereunder (such documentation in respect of any Increase together with the notice of such Increase being
referred to collectively as the “Increase Amendment” in respect of such Increase). The Increase Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement as may be necessary or appropriate, in
the reasonable opinion of the Administrative Agent, to effect the provisions of this Section 2.17. 
 (b) Upon the
effectiveness of each Revolving Commitment Increase pursuant to this Section 2.17, (i) in the case of a Revolving Commitment Increase with respect to the Multicurrency Tranche Revolving Commitments, the Multicurrency
Tranche Revolving Percentages of the Multicurrency Tranche Revolving Lenders, and their respective Letter of Credit Exposures and Swingline Exposures, shall automatically be adjusted to give effect to such Revolving Commitment Increase and
(ii) if, on the date of effectiveness of such Revolving Commitment Increase, there are any Revolving Loans of the relevant Class outstanding, such Revolving Loans shall on or prior to the effectiveness of such Revolving Commitment Increase
be prepaid from the proceeds of new Revolving Loans of such Class made hereunder (reflecting such Revolving Commitment Increase), which prepayment (other than a prepayment of Base Rate Loans prior to the end of the Revolving Availability
Period) shall be accompanied by accrued interest on the Revolving Loans of such Class being prepaid and any costs incurred by any Lender in accordance with Section 9.04(b). The Administrative Agent and the Lenders
hereby agree that the minimum borrowing, revolving borrowing and revolving payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. 

(c) Increases pursuant to this Section 2.17 shall become effective on the date specified in the notice delivered by
the Parent Borrower pursuant to the paragraph (a) of this Section or on such other date as shall be agreed upon by the Parent Borrower, the Administrative Agent and the applicable Augmenting Lenders. 

  
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 (d) Notwithstanding the foregoing, no Increase or addition of an Augmenting Lender shall
become effective under this Section 2.17 unless on the date of the effectiveness of such Increase (i) the representations and warranties contained in Section 4.01 shall be true and correct in
all material respects (in the case of any representation and warranty that is qualified as to “materiality” or “Material Adverse Effect” or by similar language, in all respects) on and as of such date, as though made on and as of
such date, (ii) no Default or Event of Default shall have occurred and be continuing as of such date and (iii) the Administrative Agent shall have received a certificate dated such date and executed by a Responsible Officer of the Parent
Borrower to the effect that the conditions set forth in clauses (i) and (ii) above have been satisfied. 
 (e) The Incremental Term
Loans (i) shall rank pari passu in right of payment with the other Loans, and (ii) shall have terms identical to those of the other Loans, provided that (a) the Incremental Term Loans may mature and amortize differently than the other
Loans, and the terms and conditions applicable to any tranche of Incremental Term Loans maturing after the latest Maturity Date in effect at the time of the incurrence of such Incremental Term Loans may provide for material additional or different
financial or other covenants or prepayment requirements applicable only during periods after the latest Maturity Date in effect at the time of the incurrence of such Incremental Term Loans and (B) the Incremental Term Loans may be priced
differently than the other Loans. 
 SECTION 2.18 Use of Proceeds. The proceeds of the Loans and Letters of Credit shall be available
(and each Borrower agrees that it shall use such proceeds) for general corporate purposes of Kraft Heinz and its Subsidiaries. 
 SECTION
2.19 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply: 

(a) the Unused Line Fee shall cease to accrue on the Revolving Commitment of such Defaulting Lender pursuant to
Section 2.08(a); 
 (b) the Commitments, Revolving Exposure and Term Loans of such Defaulting Lender shall not be
included in determining whether the Required Lenders, Majority in Interest of the Lenders of any Class or any other requisite Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or modification
pursuant to Section 9.01); provided that any amendment, waiver or other modification requiring the consent of all Lenders or all Lenders directly and adversely affected thereby shall, except as otherwise provided in
Section 9.01, require the consent of such Defaulting Lender in accordance with the terms hereof; 
 (c) if any
Letter of Credit Exposure or Swingline Exposure exists at the time a Multicurrency Tranche Revolving Lender becomes a Defaulting Lender then: 

(i) the Swingline Exposure of such Defaulting Lender (other than any portion thereof with respect to which such Defaulting
Lender shall have funded its participation as contemplated by Section 2.21(c) and, in the case of any Defaulting Lender that is a Swingline Lender, with its Swingline Exposure being determined as if it were not a Swingline
Lender) and the Letter of Credit Exposure of such Defaulting Lender (other than any portion thereof attributable to Unreimbursed Amounts with respect to which such Defaulting Lender shall have funded its participation as contemplated by
Section 2.20(e)) 

  
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shall be reallocated among the Multicurrency Tranche Revolving Lenders that are not Defaulting Lenders in accordance with their respective Multicurrency Tranche Revolving Percentages but only to
the extent that, after giving effect to such reallocation, the Multicurrency Tranche Revolving Exposure of any Lender shall not exceed the Multicurrency Tranche Revolving Commitment of such Lender; 

(ii) if the reallocation described in clause (i) above cannot, or can only partially, be
effected, the Borrowers shall, within one Business Day following notice by the Administrative Agent, (A) first, prepay the portion of such Defaulting Lender’s Swingline Exposure (other than any portion thereof referred to in the
parenthetical in such clause (i)) that has not been reallocated and (B) second, cash collateralize for the benefit of the Issuing Banks the portion of such Defaulting Lender’s Letter of Credit Exposure (other than any portion thereof
referred to in the parenthetical in such clause (i)) that has not been reallocated in accordance with the procedures set forth in Section 2.20(g)(i) for so long as such Letter of Credit Exposure is
outstanding; provided that neither any such reallocation (partial or otherwise) described in clause (i) above or this clause (ii), nor any payment by a non-Defaulting Lender pursuant thereto will constitute a waiver or release of any claim any Borrower, the Administrative Agent, the Issuing Banks, the Swingline Lenders or any other Lender may have against such
Defaulting Lender or cause such Defaulting Lender to be a non-Defaulting Lender; 

(iii) if the Borrowers cash collateralize any portion of such Defaulting Lender’s Letter of Credit Exposure pursuant
to clause (ii) above, the Borrowers shall not be required to pay any Letter of Credit Participation Fees to such Defaulting Lender pursuant to Section 2.08(c) with respect to
such portion of such Defaulting Lender’s Letter of Credit Exposure during the period such Defaulting Lender’s Letter of Credit Exposure is cash collateralized; 

(iv) if any portion of the Letter of Credit Exposure of such Defaulting Lender is reallocated pursuant
to clause (i) above, then the fees payable to the Multicurrency Tranche Revolving Lenders pursuant to Sections 2.08(a) and 2.08(c) shall be adjusted to give effect
to such reallocation; and 
 (v) if all or any portion of such Defaulting Lender’s Letter of Credit Exposure is neither
reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of the Issuing Banks or any other Lender hereunder, all Letter of Credit
Participation Fees with respect to such Defaulting Lender’s Letter of Credit Exposure shall be payable to the Issuing Banks, ratably based on the portion of such Letter of Credit Exposure attributable to Letters of Credit issued by each Issuing
Bank, until and to the extent that such Letter of Credit Exposure is reallocated and/or cash collateralized pursuant to clause (i) or (ii) above; and 

(d) so long as a Multicurrency Tranche Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, amend or
increase any Letter of Credit, and no Swingline Lender shall be required to fund any Swingline Loan, in each case, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding Letter of Credit Exposure or
Swingline Exposure, as applicable, will be 100% covered by the Multicurrency 

  
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Tranche Revolving Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrowers in accordance
with Section 2.19(c)(ii), and participating interests in any newly issued or increased Letter of Credit or newly made Swingline Loan shall be allocated among Multicurrency Tranche Revolving Lenders that are not
Defaulting Lenders in a manner consistent with Section 2.19(c)(i) (and such Defaulting Lender shall not participate therein). 

If the Parent Borrower, the Administrative Agent and, in the case of any Defaulting Lender this a Multicurrency Tranche Revolving Lender, each
Issuing Bank and each Swingline Lender agree in writing that a Defaulting Lender has adequately remedied all matters that cause such Lender to be a Defaulting Lender, then (i) in the case of any Defaulting Lender that is a Revolving Lender of
any Class, on such date such Revolving Lender shall purchase at par such of the Revolving Loans of such Class (and, in the case of a Defaulting Lender that is a Multicurrency Tranche Revolving Lender, such funded participations in Letter of Credit
Disbursements and Swingline Loans) of the other Revolving Lenders of such Class as the Administrative Agent shall determine may be necessary in order for such Revolving Lender to hold such Revolving Loans and such participations in accordance
with its ratable share (and, in the case of any Defaulting Lender that is a Multicurrency Tranche Revolving Lender, the Letter of Credit Exposure and the Swingline Exposure of the Multicurrency Tranche Revolving Lenders shall be readjusted to
reflect the inclusion of such Multicurrency Tranche Revolving Lender’s Multicurrency Tranche Revolving Commitment and, in the case of any Defaulting Lender that is a Revolving Lender) and (ii) subject to clause (i) above in the case
of a Defaulting Lender that is a Revolving Lender, such Lender shall thereupon cease to be a Defaulting Lender (but shall not be entitled to receive any fees ceasing to accrue during the period when it was a Defaulting Lender as set forth in this
Section 2.19 and all amendments, waivers or other modifications effected without its consent in accordance with the provisions of Section 9.01 and this Section 2.19 during
such period shall be binding on it). The rights and remedies against, and with respect to, a Defaulting Lender under this Section 2.19 are in addition to, and cumulative and not in limitation of, all other rights and
remedies that the Administrative Agent, any Borrower, any Issuing Bank, any Swingline Lender or any other Lender may at any time have against, or with respect to, such Defaulting Lender. 

SECTION 2.20 Letters of Credit. 

(a) Request for Issuance, Amendment or Extension. Subject to the terms and conditions set forth herein, each Borrower may request any
Issuing Bank to issue Letters of Credit (or to amend or extend outstanding Letters of Credit) for its own account (or, so long as the Parent Borrower is a co-applicant with respect thereto, the account of any
Subsidiary of the Parent Borrower that is not a Borrower, provided that if such Subsidiary is a Foreign Subsidiary, the jurisdiction of organization thereof shall be reasonably satisfactory to the applicable Issuing Bank), denominated in US
Dollars, Canadian Dollars, Euro, Sterling or, if such Issuing Bank shall consent thereto, one or more other Alternative Currencies, at any time and from time to time during the period from the Closing Date and until the fifth Business Day prior to
the Revolving Maturity Date; provided that after giving effect to such issuance, amendment or extension, (i) the aggregate Letter of Credit Exposures shall not exceed US$300,000,000, (ii) the aggregate Letter of Credit Exposure
attributable to Letters of Credit issued by such Issuing Bank shall not (unless otherwise consented to by such Issuing Bank) exceed such Issuing Bank’s Letter of Credit Commitment, (iii) the Multicurrency Tranche Revolving Exposure of any
Multicurrency Tranche Revolving Lender shall not exceed its Multicurrency Tranche Revolving Commitment or (iv) the sum of the 

  
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Aggregate Revolving Exposure plus the Aggregate Competitive Bid Exposure shall not exceed the Aggregate Revolving Commitments. A Letter of Credit issued by an Issuing Bank shall only be of a type
approved for issuance hereunder by such Issuing Bank (it being understood and agreed that standby Letters of Credit shall be deemed of the type that is so approved). Each Letter of Credit shall be issued (or amended or, other than an automatic
extension permitted by this paragraph, extended) upon notice, given not later than 12:00 p.m., New York City time, on the third Business Day prior to the proposed date of issuance, amendment or extension of such Letter of Credit, by the applicable
Borrower to the Administrative Agent and any Issuing Bank (or, in the case of an amendment or an extension, the applicable Issuing Bank). Each such notice by any Borrower of issuance of a Letter of Credit (a “Notice of Issuance”)
shall be in writing in substantially the form of Exhibit E hereto, specifying therein the requested (i) date of such issuance (which shall be a Business Day), (ii) face amount of such Letter of Credit (which must be in
US Dollars or an Alternative Currency), (iii) expiration date of such Letter of Credit (which shall be on or prior to the earlier of (A) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any
extension thereof, one year after the then-current expiration date at the time of such extension) and (B) the date that is five Business Days prior to the Revolving Maturity Date; provided that any Letter of Credit may contain
customary automatic extension provisions agreed upon by the applicable Borrower and the applicable Issuing Bank pursuant to which the expiration date of such Letter of Credit shall automatically be extended for a period of up to 12 months (but
not to a date later than the date that is five Business Days prior to the Revolving Maturity Date, unless otherwise permitted pursuant to the immediately succeeding proviso), subject to a right on the part of such Issuing Bank to prevent any such
extension from occurring by giving notice to the beneficiary and the Borrower in advance of any such extension; provided further that, with the prior consent of the applicable Issuing Bank, in its sole discretion, a Letter of
Credit may be extended beyond the fifth Business Day prior to the Revolving Maturity Date (each such Letter of Credit with an expiration date that is later than five Business Days prior to the Revolving Maturity Date, a “Post-Maturity Letter
of Credit”) so long as the applicable Borrower shall Post-Maturity Cash Collateralize in accordance with Section 2.20(g)(ii) such Post-Maturity Letter of Credit); provided further that in the
event the Revolving Maturity Date shall have been extended as provided in Section 2.09(b), that no Letter of Credit may expire after the date that is five Business Days prior to any Existing Revolving Maturity Date if,
after giving effect to the issuance, amendment or extension of such Letter of Credit, the aggregate Multicurrency Tranche Revolving Commitments of the Extending Lenders would be less than the Letter of Credit Exposure following such Existing
Revolving Maturity Date), (iv) name and address of the beneficiary of such Letter of Credit and (v) form of such Letter of Credit (which shall be acceptable to such Issuing Bank in its sole discretion) and shall be accompanied by such
application and agreement for Letter of Credit as such Issuing Bank may specify to the applicable Borrower for use in connection with such requested Letter of Credit (including, in connection with the issuance of a Post-Maturity Letter of Credit or
the extension of a Letter of Credit, such that, after giving effect to such extension, such Letter of Credit becomes a Post-Maturity Letter of Credit, such documentation, including a reimbursement agreement, as such Issuing Bank may reasonably
require in connection with such issuance or extension) (a “Letter of Credit Agreement”). Each such notice by any Borrower of an amendment or extension of a Letter of Credit shall be in writing and shall specify (i) the Letter
of Credit to be amended and extended, (ii) the requested date of amendment or extension (which shall be a Business Day) and (iii) such other information as shall be necessary to enable the applicable Issuing Bank to prepare an amendment or
an extension of 

  
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such Letter of Credit. In the event and to the extent that the provisions of any Letter of Credit Agreement shall conflict with this Agreement, the provisions of this Agreement shall control.
Notwithstanding anything to the contrary set forth herein, this Section 2.20 shall not be construed to impose an obligation upon any Issuing Bank to issue, amend or extend any Letter of Credit if (i) any order,
judgment or decree of any Governmental Authority shall by its terms purport to enjoin or restrain such Issuing Bank from issuing, amending or extending such Letter of Credit, or any law applicable to such Issuing Bank or any request or directive
(whether or not having the force of law) from any Governmental Authority with jurisdiction over such Issuing Bank shall prohibit the issuance, amendment or extension of letters of credit generally or such Letter of Credit in particular,
(ii) the issuance, amendment or extension of such Letter of Credit would or could reasonably be expected to breach, violate or otherwise be inconsistent with any internal policy of such Issuing Bank or any law or regulation to which such
Issuing Bank is, or would be upon issuance, amendment or extension of such Letter of Credit, subject to or (iii) such Letter of Credit is denominated in an Alternative Currency not approved for issuance, amendment or extension by such Issuing
Bank. 
 (b) Issuing Bank Reports. Unless otherwise agreed by the Administrative Agent, each Issuing Bank shall report in writing to
the Administrative Agent, promptly after request, such information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such Issuing Bank. 

(c) Participations in Letters of Credit. Upon the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the
amount thereof) by any Issuing Bank under Section 2.20(a), such Issuing Bank shall be deemed, without further action by any party hereto, to have granted to each Multicurrency Tranche Revolving Lender, and each
Multicurrency Tranche Revolving Lender shall be deemed, without further action by any party hereto, to have acquired from such Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Multicurrency Tranche Revolving
Percentage of the aggregate amount available to be drawn under such Letter of Credit. Each Multicurrency Tranche Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters
of Credit is absolute and unconditional and shall not be affected by any circumstances whatsoever, including any amendment or extension of any Letter of Credit, the occurrence and continuance of a Default, any reduction or termination of the
Multicurrency Tranche Revolving Commitments or any force majeure or other event that under any rule of law or uniform practices to which any Letter of Credit is subject (including Section 3.14 of ISP 98 or any successor
publication of the International Chamber of Commerce) permits a drawing to be made under such Letter of Credit after the expiration thereof or of the Multicurrency Tranche Revolving Commitments, and that each such payment shall be made without any
offset, abatement, withholding or reduction whatsoever; provided that, notwithstanding anything to the contrary contained herein, the Multicurrency Tranche Revolving Lenders shall not have any obligation to reimburse any Issuing Bank for any
Letter of Credit Disbursement made under any Post-Maturity Letter of Credit that occurs on or after the Revolving Maturity Date. Each Multicurrency Tranche Revolving Lender further acknowledges and agrees that, in issuing, amending or extending any
Letter of Credit, the applicable Issuing Bank shall be entitled to rely, and shall not incur any liability for relying, upon the representation and warranty of the Borrowers deemed made pursuant to Section 3.03. 

  
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 (d) Letter of Credit Disbursements; Reimbursement; Interim Interest. The Issuing Bank
that is the issuer of such Letter of Credit shall, within the time allowed by applicable law or the specific terms of the applicable Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment
under a Letter of Credit and, promptly after such examination, shall notify the Administrative Agent and the applicable Borrower, by telephone or email of such demand for payment and whether such Issuing Bank has made or will make a Letter of Credit
Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the applicable Borrower of its obligation to reimburse such Letter of Credit Disbursement. The applicable Borrower shall be
irrevocably and unconditionally obligated to reimburse the applicable Issuing Bank, by no later than 12:00 p.m., New York City time, on the Business Day immediately following the Business Day that such Borrower receives notice of such Letter of
Credit Disbursement, in the applicable currency, for any amounts paid by such Issuing Bank upon any drawing under any Letter of Credit, without presentment, demand, protest or other formalities of any kind; provided that, in the case of any
Letter of Credit Disbursement denominated in US Dollars, such Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.02 that such payment be financed with a Revolving
Borrowing that is comprised of Base Rate Loans in an equivalent amount and, to the extent so financed, such Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Revolving Borrowing. If the applicable
Borrower fails to make such reimbursement payment when due, the applicable Issuing Bank shall notify the Administrative Agent thereof, whereupon (A) if such payment relates to a Letter of Credit denominated in an Alternative Currency,
automatically and with no further action required, the obligation of such Borrower to reimburse the applicable Letter of Credit Disbursement shall be permanently converted into an obligation to reimburse the US Dollar Equivalent Amount,
calculated using the Exchange Rate on the date of such Letter of Credit Disbursement, of such Letter of Credit Disbursement and (B) in the case of each Letter of Credit Disbursement, the Administrative Agent shall notify each Multicurrency
Tranche Revolving Lender of the applicable Letter of Credit Disbursement, the payment then due from such Borrower in respect thereof (the “Unreimbursed Amount”) and such Lender’s Multicurrency Tranche Revolving Percentage of
the Unreimbursed Amount. Promptly following receipt of such notice, each Multicurrency Tranche Revolving Lender shall pay to the Administrative Agent, in US Dollars, its Multicurrency Tranche Revolving Percentage of the Unreimbursed Amount, in the
same manner as provided in Section 2.02 with respect to Revolving Loans made by such Lender (and Section 2.02 shall apply, mutatis mutandis, to the payment obligations of
the Multicurrency Tranche Revolving Lenders under this paragraph), and the Administrative Agent shall promptly remit to the applicable Issuing Bank, in like funds, the amounts so received by it from the Multicurrency Tranche Revolving Lenders.
Promptly following receipt by the Administrative Agent of any payment from the applicable Borrower pursuant to this Section 2.20(d), the Administrative Agent shall distribute such payment to the applicable Issuing Bank
or, to the extent that Multicurrency Tranche Revolving Lenders have made payments pursuant to this Section 2.20(d) to reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as their interests may
appear. Any payment made by a Multicurrency Tranche Revolving Lender pursuant to this Section 2.20(d) to reimburse any Issuing Bank for any Letter of Credit Disbursement shall not constitute a Loan and shall not
relieve the applicable Borrower of its obligation to reimburse such Issuing Bank for such Letter of Credit Disbursement. All Letter of Credit Disbursements paid by any Issuing Bank and remaining unpaid by the applicable Borrower (whether or not the
Multicurrency Tranche Revolving Lender shall 

  
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have funded their participations in such Letter of Credit Disbursements) shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the Base Rate for such day,
plus the Applicable Revolving Interest Rate Margin for Base Rate Loans for such day, plus, if such amount remains unpaid for more than three Business Days, 1%. Interest accrued on any Letter of Credit Disbursements shall be paid
to the Administrative Agent, for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Multicurrency Tranche Revolving Lender pursuant to this paragraph to reimburse such Issuing Bank
for such Letter of Credit Disbursement shall be for the account of such Lender to the extent of such payment. 
 (e) Obligations
Unconditional. The obligations of the Borrowers under Section 2.20(d) shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, under all
circumstances whatsoever, including, without limitation. the following circumstances: 
 (i) any lack of enforceability of
this Agreement, any Letter of Credit, any Letter of Credit Agreement or any other agreement or instrument, in each case, relating thereto (all of the foregoing being, collectively, the “Letter of Credit Related Documents”); 

(ii) the use that may be made of the Letter of Credit by, or any acts or omission of, a beneficiary of a Letter of Credit (or
any Person for whom the beneficiary may be acting); 
 (iii) the existence of any claim,
set-off, defense or other rights that the applicable Borrower may have at any time against a beneficiary of a Letter of Credit (or any Person for whom the beneficiary may be acting), the Lenders (including the
applicable Issuing Bank) or any other Person, whether in connection with the transactions contemplated by the Letter of Credit Related Documents or any unrelated transaction; 

(iv) any statement or any other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any
respect or any statement therein being untrue or inaccurate in any respect whatsoever; 
 (v) payment under a Letter of
Credit to the beneficiary of such Letter of Credit against presentation to the Issuing Bank of a draft or certificate that does not comply with the terms of the Letter of Credit; provided that the determination by the Issuing Bank
to make such payment shall not have been the result of its willful misconduct or gross negligence (as finally determined by a court of competent jurisdiction in a final and non-appealable judgment); 

(vi) any adverse change in the relevant exchange rates or in the availability of the relevant Alternative Currency to the
applicable Borrower or the relevant currency markets generally; 
 (vii) any force majeure or other event that
under any rule of law or uniform practices to which any Letter of Credit is subject (including Section 3.14 of ISP 98 or any successor publication of the International Chamber of Commerce) permits a drawing to be made under such Letter of
Credit after the stated expiration date thereof or of the Multicurrency Tranche Revolving Commitments; 

  
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 (viii) any other act or omission to act or delay of any kind by any Lender,
any Issuing Bank, the Administrative Agent or any other Person or any other event or circumstance whatsoever that might, but for the provisions of this clause (viii), constitute a legal or equitable discharge of, or
provide a right of setoff against, the applicable Borrower’s obligations hereunder; or 
 (ix) any other circumstance or
happening whatsoever, whether or not similar to any of the foregoing, including, without limitation, any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrowers. 

None of the Administrative Agent, the Lenders or the Issuing Banks or any of their Related Parties shall have any liability or responsibility by reason of or
in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss
or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms, any error in
translation or any consequence arising from causes beyond the control of the applicable Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to the applicable Borrower to the extent of any
direct damages (as opposed to special, indirect, consequential or punitive damages, claims in respect of which are hereby waived by the applicable Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by such
Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that the applicable Issuing Bank shall be deemed to
have exercised care in each such determination unless a court of competent jurisdiction shall have determined in a final and non-appealable judgment that such Issuing Bank was grossly negligent or acted with
willful misconduct in connection with such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented that appear on their face to be in substantial
compliance with the terms of a Letter of Credit, an Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the
contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

(f) Change in Issuing Banks. (i) Additional Issuing Banks. The Parent Borrower may, at any time and from time to time with the
consent of such Lender, designate one or more Multicurrency Tranche Revolving Lenders to act as an Issuing Bank under the terms of this Agreement. The acceptance by a Multicurrency Tranche Revolving Lender of an appointment as an Issuing Bank
hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent (and shall set forth the Letter of Credit Commitment of such Multicurrency Tranche Revolving Lender), executed by
the Parent Borrower, the Administrative Agent and such Multicurrency Tranche Revolving Lender, which shall set forth the Letter of Credit Commitment of such Multicurrency Tranche Lender, and, from and after the effective date of such agreement,
(i) such Lender shall have all the rights and obligations of an Issuing Bank under this Agreement and (ii) references herein to the term “Issuing Bank” shall be deemed to include such Lender in its capacity as an issuer of
Letters of Credit hereunder. 

  
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 (ii) Termination of an Issuing Bank. The Parent Borrower may
terminate the appointment of any Issuing Bank as an “Issuing Bank” hereunder by providing a written notice thereof to such Issuing Bank, with a copy to the Administrative Agent. Any such termination shall become effective upon the earlier
of (i) such Issuing Bank acknowledging receipt of such notice and (ii) the 10th Business Day following the date of the delivery thereof; provided that no such termination shall become effective until and unless the Letter of Credit
Exposure attributable to Letters of Credit issued by such Issuing Bank (or its branches or Affiliates) shall have been reduced to zero. At the time any such termination shall become effective, the Parent Borrower shall pay all unpaid fees accrued
for the account of the terminated Issuing Bank pursuant to Section 2.08(c)(ii) or 2.08(c)(iii). Notwithstanding the effectiveness of any such termination, the terminated Issuing Bank shall remain a party hereto and
shall continue to have all the rights of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such termination, but shall not be required to issue any additional Letters of Credit or amend or extend any
existing Letter of Credit. 
 (g) Cash Collateralization. (i) If any Event of Default shall occur and be continuing, on the Business
Day that the Parent Borrower receives notice from the Administrative Agent or a Majority in Interest of the Multicurrency Tranche Revolving Lenders demanding the deposit of cash collateral pursuant to
this Section 2.20(g)(i), the Borrowers shall deposit (“Cash Collateralize”) in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Multicurrency
Tranche Revolving Lenders and the Issuing Banks, an amount in cash in US Dollars equal to the aggregate Letter of Credit Exposure as of such date plus any accrued and unpaid interest thereon; provided that the obligation to
Cash Collateralize shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Parent Borrower described
in Section 6.01(e). Each such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrowers under this Agreement to the Multicurrency Tranche Revolving
Lenders and the Issuing Banks. The Administrative Agent shall have exclusive dominion and control, as defined in the Uniform Commercial Code of the State of New York, including the exclusive right of withdrawal, over such account. Other than any
interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at the Borrowers’ risk and expense, such deposits shall not bear interest. Interest or
profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse each Issuing Bank for Letter of Credit Disbursements for which it has not been reimbursed and, to
the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrowers for the aggregate Letter of Credit Exposures at such time or, if the maturity of the Revolving Loans has been accelerated (but subject to
the consent of Multicurrency Tranche Revolving Lenders with Letter of Credit Exposures representing greater than 50% of the aggregate Letter of Credit Exposures), be applied to satisfy other obligations of the Borrowers under this Agreement. If the
Borrowers are required to provide an amount of cash collateral hereunder as a result of the occurrence of an 

  
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Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the applicable Borrower within three Business Days after all Events of Default have been cured or
waived. If the Borrowers are required to provide an amount of cash collateral hereunder pursuant to Section 2.19, such amount (to the extent not applied as aforesaid) shall be returned to the applicable Borrower as promptly
as practicable to the extent that, after giving effect to such return, no Issuing Bank shall have any exposure in respect of any outstanding Letter of Credit that is not fully covered by the Multicurrency Tranche Revolving Commitments of Lenders
that are not Defaulting Lenders and/or the remaining cash collateral and no Event of Default shall have occurred and be continuing. 

(ii) If any Post-Maturity Letters of Credit remain outstanding as of the date that is five Business Days prior to the Revolving
Maturity Date (such date being referred to herein as the “Cash Collateralization Date”), the applicable Borrower shall, on the Cash Collateralization Date, deposit (“Post-Maturity Cash Collateralize”) in an account
with the Issuing Bank that has issued such Post-Maturity Letter of Credit, in the name of such Issuing Bank and for the benefit of such Issuing Bank and, prior to the Revolving Maturity Date, the Multicurrency Tranche Revolving Lenders (each, an
“Issuing Bank LC Collateral Account”), an amount in cash equal to 102% of the aggregate amount of all outstanding Post-Maturity Letters of Credit issued by such Issuing Bank. In addition, if (x) a Borrower requests that a
Post-Maturity Letter of Credit be issued, or a Letter of Credit be extended (or if any Letter of Credit is automatically extended for an additional one-year period), such that, after giving effect to such
renewal, such Letter of Credit becomes a Post-Maturity Letter of Credit, by an Issuing Bank after the Cash Collateralization Date but before the Revolving Maturity Date and (y) such Issuing Bank agrees to issue such Post-Maturity Letter of
Credit or extend such Letter of Credit, then, as a condition to such issuance or extension, the applicable Borrower shall deposit in such Issuing Bank’s Issuing Bank LC Collateral Account an amount in cash equal to 102% of the amount of such
Post-Maturity Letter of Credit or Letter of Credit to be extended, as applicable. Any such deposits pursuant to this Section 2.20(g)(ii) shall be held by each applicable Issuing Bank in its Issuing Bank LC Collateral
Account as collateral for the payment and performance of the obligation of the applicable Borrower to reimburse such Issuing Bank for Letter of Credit Disbursements made by such Issuing Bank under each Post-Maturity Letter of Credit issued by such
Issuing Bank. Each Issuing Bank shall have exclusive dominion and control, as defined in the Uniform Commercial Code of the State of New York, including the exclusive right of withdrawal, over its Issuing Bank LC Collateral Account. Other than any
interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of each Issuing Bank and at the Borrowers’ risk and expense, such deposits shall not bear interest. Interest or profits, if
any, on such investments shall accumulate in such account. Moneys in each Issuing Bank LC Collateral Account shall be applied by the applicable Issuing Bank to reimburse such Issuing Bank for Letter of Credit Disbursements made by such Issuing Bank
in respect of Post-Maturity Letters of Credit for which it has not been reimbursed, fees related to such Post-Maturity Letters of Credit and, to the extent not so applied, shall be held for the satisfaction of the obligation of the Borrowers to
reimburse such Issuing Bank for Letter of Credit Disbursements made by such Issuing Bank in respect of Post-Maturity Letters of Credit issued by such Issuing Bank. If an Issuing Bank has issued more than one Post-Maturity Letter of Credit for which
cash collateral was provided pursuant to this Section 2.20(g)(ii), upon the cancellation, 

  
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surrender, or payment of any such Post-Maturity Letter of Credit, the Issuing Bank that issued such Post-Maturity Letter of Credit shall promptly release cash collateral to the applicable
Borrower equal to the difference between (A) the total available funds in such Issuing Bank’s Issuing Bank LC Collateral Account and (B) 102% of the aggregate amount of all Post-Maturity Letters of Credit issued by such Issuing Bank
that remain outstanding. Promptly after the cancellation, surrender, or payment of all Post-Maturity Letters of Credit issued by an Issuing Bank for which cash collateral was provided pursuant to
this Section 2.20(g)(ii), such Issuing Bank shall return to the applicable Borrower all available funds, if any, in such Issuing Bank’s Issuing Bank LC Collateral Account. 

(h) LC Exposure Determination. 

(i) Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of
such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Letter of Credit Agreement related thereto, provides for one or more automatic
increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at
such time. 
 (ii) For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its
terms but any amount may still be drawn thereunder by reason of the operation of Article 29(a) of the UCP, Rule 3.13 or Rule 3.14 of the ISP or similar terms of the Letter of Credit itself, or if compliant documents have been
presented but not yet honored, such Letter of Credit shall be deemed to be “outstanding” and “undrawn” in the amount so remaining available to be paid, and the obligations of the Borrowers and each Multicurrency Tranche Revolving
Lender hereunder shall remain in full force and effect until the Issuing Banks and the Multicurrency Tranche Revolving Lenders shall have no further obligations to make any payments or disbursements under any circumstances with respect to any Letter
of Credit. 
 (i) Letters of Credit Issued for Account of Others. Notwithstanding that a Letter of Credit issued or outstanding
hereunder supports any obligations of, or is for the account of, any Subsidiary that is not a Borrower, or states that any Subsidiary that is not a Borrower is the “account party”, “applicant”, “customer”,
“instructing party” or the like of or for such Letter of Credit, and without derogating from any rights of the applicable Issuing Bank (whether arising by contract, at law, in equity or otherwise) against such Subsidiary in respect of such
Letter of Credit, the Parent Borrower (i) shall reimburse, indemnify and compensate the applicable Issuing Bank hereunder for such Letter of Credit (including to reimburse any and all Letter of Credit Disbursements thereunder, the payment of
interest thereon and the payment of fees due under Section 2.08) as if such Letter of Credit had been issued solely for the account of the Parent Borrower and (ii) irrevocably waives any and all defenses that might
otherwise be available to it as a guarantor or surety of any or all of the obligations of such Subsidiary in respect of such Letter of Credit. The Parent Borrower hereby acknowledges that the issuance of Letters of Credit for its Subsidiaries inures
to the benefit of the Parent Borrower, and that the Parent Borrower’s business derives substantial benefits from the businesses of its Subsidiaries. 

  
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 (j) Existing Letters of Credit. Each Existing Letter of Credit shall be deemed, for
all purposes of this Agreement (including Sections 2.20(c) and 2.20(d)), to be a Letter of Credit issued hereunder and the Parent Borrower shall be deemed to be the applicant and account party for each Existing
Letter of Credit. 
 SECTION 2.21 Swingline Loans. 

(a) Each Swingline Lender severally agrees, on the terms and conditions set forth herein, to make Swingline Loans to any Borrower in Euro from
time to time during the period from the Closing Date and while the Multicurrency Tranche Revolving Commitments remain in effect, in an amount that will not result in (i) the Swingline Exposure attributable to Swingline Loans of such Swingline
Lender exceeding its Swingline Commitment, (ii) the Multicurrency Tranche Revolving Exposure of any Multicurrency Tranche Revolving Lender exceeding its Multicurrency Tranche Revolving Commitment or (iii) the sum of the Aggregate Revolving
Exposure plus the Aggregate Competitive Bid Exposure exceeding the Aggregate Revolving Commitments; provided that no Swingline Lender shall be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing
limits and subject to the terms and conditions set forth herein, any Borrower may borrow, prepay and reborrow Swingline Loans. The failure of any Swingline Lender to make any Swingline Loan shall not in itself relieve any other Swingline Lender of
its obligations hereunder (it being understood, however, that the Swingline Commitments of the Swingline Lenders are several and no Swingline Lender shall be responsible for the failure of any other Swingline Lender to make any Swingline Loan
required to be made by such other Swingline Lender). 
 (b) In order to request a Swingline Loan from any Swingline Lender, the applicable
Borrower (or the Parent Borrower on its behalf) shall deliver to such Swingline Lender (with a copy to the Administrative Agent) a notice thereof (a “Notice of Swingline Borrowing”), which shall be in writing and substantially in
the form of Exhibit F, signed by its Responsible Officer, not later than 11:00 a.m., London time, on the day of such proposed Swingline Loan. Each Notice of Swingline Borrowing shall be irrevocable and shall specify
(i) the name of the applicable Borrower, (ii) the name of the applicable Swingline Lender, (iii) the requested date of such Swingline Loan (which shall be a Business Day and may be the date of the Notice of Swingline Borrowing) and
the amount thereof requested to be made by the applicable Swingline Lender and (iv) the location and number of such Borrower’s account to which funds are to be disbursed. The applicable Swingline Lender shall, after receipt of such Notice
of Swingline Borrowing, confirm with the Administrative Agent that it has received a copy thereof. Each Swingline Lender shall, subject to the conditions set forth herein, make the requested Swingline Loan available, promptly after receipt of the
applicable Notice of Swingline Borrowing, to the applicable Borrower by wire transfer of same day funds to the account specified in the applicable Notice of Swingline Borrowing on the requested date of such Swingline Loan. 

(c) Each Borrower shall repay to each Swingline Lender the outstanding principal balance of each Swingline Loan made to such Borrower by such
Swingline Lender on the earlier of the date that is the seventh Business Day after such Swingline Loan is made and the Revolving Maturity Date; provided that, on each date that a Revolving Borrowing denominated in Euro is made to the Borrower
that shall have borrowed Swingline Loans, such Borrower shall repay all Swingline Loans that were outstanding on the date a Notice of Committed Borrowing with respect to such Revolving Borrowing was given. 

  
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 (d) Each Swingline Loan shall bear interest at a rate per annum equal at all times to the
sum of (i) the Daily Simple ESTR in effect from time to time plus (ii) the Applicable Revolving Interest Rate Margin set forth under the caption “Term Benchmark/RFR Spread” in effect from time to time, payable in arrears
on the date such Swingline Loan is due as provided in paragraph (c) of this Section. If any principal of or interest on any Swingline Loan payable by a Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or
otherwise, such overdue amount shall bear interest, after as well as before judgment, payable in arrears on the date referred to in paragraph (c) of this Section or, thereafter, on demand, at a rate per annum equal at all times to 1% per annum
above the rate per annum otherwise required to be paid on such Swingline Loan as provided above. 
 (e) Each Swingline Lender may by written
notice given to the Administrative Agent not later than 12:00 p.m., London time, on any Business Day require the Multicurrency Tranche Revolving Lenders to acquire participations on such Business Day in all or a portion of the outstanding Swingline
Loans made by such Swingline Lender. Such notice shall specify the aggregate amount of Swingline Loans in which Multicurrency Tranche Revolving Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice
thereof to each Multicurrency Tranche Revolving Lender, specifying in such notice such Lender’s Multicurrency Tranche Revolving Percentage of such Swingline Loan or Swingline Loans. Each Multicurrency Tranche Revolving Lender hereby absolutely
and unconditionally agrees, promptly upon receipt of notice as provided above (and, in any event, no later than the next succeeding Business Day), to pay in Euro to the Administrative Agent, for the account of the applicable Swingline Lender, such
Multicurrency Tranche Revolving Lender’s Multicurrency Tranche Revolving Percentage of such Swingline Loan or Swingline Loans. Each Multicurrency Tranche Revolving Lender acknowledges and agrees that its obligation to acquire participations in
Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or Event of Default or reduction or termination of the
Multicurrency Tranche Revolving Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Multicurrency Tranche Revolving Lender further acknowledges and agrees that, in making any
Swingline Loan, each Swingline Lender shall be entitled to rely, and shall not incur any liability for relying, upon the representations and warranties of the Borrowers deemed made pursuant to Section 3.03. Each
Multicurrency Tranche Revolving Lender shall comply with its obligation under this paragraph by making available same day funds, in the same manner as provided in Section 2.02(b) with respect to Loans made by such
Multicurrency Tranche Revolving Lender (and Section 2.02(b) shall apply, mutatis mutandis, to the payment obligations of the Multicurrency Tranche Revolving Lenders under this paragraph), and the
Administrative Agent shall promptly remit to the applicable Swingline Lender, in like funds, the amounts so received by it from the Multicurrency Tranche Revolving Lenders. The Administrative Agent shall notify the applicable Borrower of any
participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the applicable Swingline Lender. Any amounts received by any
Swingline Lender from the applicable Borrower (or other party on behalf of the applicable Borrower) in respect of a Swingline Loan after receipt by such Swingline Lender of the proceeds 

  
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of a sale of participations therein shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative
Agent to the Multicurrency Tranche Revolving Lenders that shall have made their payments pursuant to this paragraph and to the applicable Swingline Lender, as their interests may appear; provided that any such payment so remitted shall be
repaid to the applicable Swingline Lender or to the Administrative Agent, as the case may be, if and to the extent such payment is required to be refunded to the applicable Borrower for any reason. The purchase of participations in a Swingline Loan
pursuant to this paragraph shall not relieve the Borrowers of any default in the payment thereof. 
 ARTICLE III 

Conditions to Lending 

SECTION 3.01 Conditions Precedent to Closing Date. This Agreement and the obligations of each Lender to make Loans and of each Issuing
Bank to issue Letters of Credit hereunder shall become effective on and as of the first date on which each of the following conditions precedent is satisfied, or waived in accordance with Section 9.01: 

(a) This Agreement shall have been executed by the Administrative Agent, and the Administrative Agent shall have received from Kraft Heinz,
the Parent Borrower and each Lender a counterpart of this Agreement signed on behalf of such Person (which, subject to Section 9.10, may include any Electronic Signatures transmitted by emailed .pdf or any other electronic
means that reproduces an image of an actual executed signature page). 
 (b) The Administrative Agent shall have received: 

(i) a certificate of Kraft Heinz and the Parent Borrower, dated the Closing Date and executed by the secretary or an assistant
secretary of Kraft Heinz and the Parent Borrower and in form and substance reasonably satisfactory to the Administrative Agent, attaching (i) a copy of the certificate of incorporation or certificate of organization, as applicable, of Kraft
Heinz and the Parent Borrower, which shall be certified as of a recent date prior to the Closing Date by the appropriate Governmental Authority, and the bylaws or operating agreement, as applicable, of Kraft Heinz and the Parent Borrower,
(ii) resolutions of the board of directors or board of managers, as applicable, of Kraft Heinz and the Parent Borrower approving and authorizing the execution, delivery and performance of the Loan Documents, certified as of the Closing Date by
such secretary or assistant secretary as being in full force and effect without modification or amendment, (iii) signature and incumbency certificates of the officers of Kraft Heinz and the Parent Borrower executing any Loan Document and
(iv) a good standing certificate from the applicable Governmental Authority of the jurisdiction of organization of Kraft Heinz and the Parent Borrower, dated the Closing Date; 

(ii) a certificate of Kraft Heinz, dated the Closing Date and executed by a Responsible Officer of Kraft Heinz, certifying
that, as of the Closing Date, (i) the representations and warranties of Kraft Heinz and the Parent Borrower set forth in the Loan Documents are true and correct (A) in the case of the representations and warranties qualified as to
materiality, in all respects and (B) otherwise, in all material respects and (ii) no Default or Event of Default has occurred and is continuing; and 

  
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 (iii) written opinions of (A) Gibson, Dunn & Crutcher LLP,
special New York counsel to Kraft Heinz and the Parent Borrower, and (B) McGuireWoods LLP, special Pennsylvania counsel to the Parent Borrower, in each case, addressed to the Administrative Agent and the Lenders and dated as of the Closing Date
and in form and substance reasonably satisfactory to the Administrative Agent. 
 (c) The Administrative Agent, for its own account and for
the account of the Lenders, and the Revolving Arrangers shall have received payment in full in cash of all fees and expenses due to them on or prior to the Closing Date pursuant to agreements separately entered into by Kraft Heinz and the Parent
Borrower prior to the Closing Date and, in the case of expenses, to the extent invoiced at least one day prior to the Closing Date. 
 (d)
The Lenders shall have received (i) all documentation and other information required by regulatory authorities with respect to Kraft Heinz and the Parent Borrower under applicable “know your customer” and anti-money laundering rules
and regulations, including the Patriot Act, to the extent reasonably requested in writing not less than 10 Business Days prior to the Closing Date and (ii) to the extent Kraft Heinz or the Parent Borrower qualifies as a “legal entity
customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in relation to Kraft Heinz or the Parent Borrower no less than 10 Business Days prior to the Closing Date. 

(e) Prior to, or substantially concurrently with the occurrence of, the Closing Date, all amounts outstanding under the Existing Credit
Agreement shall have been repaid, all commitments thereunder and guarantees in connection therewith shall have been terminated and released and all letters of credit issued and outstanding thereunder (other than any such letter of credit cash
collateralized or backstopped in a manner satisfactory to the issuer in respect thereof or designated as an Existing Letter of Credit) shall have been canceled, and the Administrative Agent shall have received evidence thereof reasonably
satisfactory to it (and each of the Lenders that is a lender under the Existing Credit Agreement hereby waives the advance notice requirement under Section 2.10(a) of the Existing Credit Agreement with respect to the termination of the
commitments thereunder, so long as such notice is delivered substantially concurrently with the occurrence of the Closing Date). 
 The Administrative Agent
shall notify Kraft Heinz, the Parent Borrower and the Lenders of the occurrence of the Closing Date, and such notice shall be conclusive and binding. For purposes of determining compliance with the conditions specified in this
Section 3.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required under this
Section 3.01 to be consented to or approved by or acceptable or satisfactory to a Lender or the Administrative Agent. 

  
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 SECTION 3.02 Initial Credit Extension to Each Designated Subsidiary. The obligation
of each Revolving Lender to make an initial Revolving Loan to any Designated Subsidiary, of any Issuing Bank to issue its initial Letter of Credit for the account of any Designated Subsidiary and of any Swingline Lender to make any Swingline Loan to
any Designated Subsidiary, in each case following any designation of such Designated Subsidiary as a Borrower hereunder pursuant to Section 9.08, is subject to the receipt by the Administrative Agent on or before such date
of designation of each of the following, in form and substance satisfactory to the Administrative Agent and dated such date of designation: 

(a) Certified copies of the resolutions of the board of directors (or similar governing body) of such Designated Subsidiary
(with a certified English translation if the original thereof is not in English) approving this Agreement and the other Loan Documents to which such Designated Subsidiary is to be a party, and of all documents evidencing other necessary corporate
action and governmental approvals, if any, with respect to this Agreement. 
 (b) A certificate of a Responsible Officer or
director of such Designated Subsidiary certifying the names and true signatures of the officers of such Designated Subsidiary authorized to sign this Agreement and the other documents to be delivered hereunder and certifying to other customary
matters. 
 (c) A certificate signed by a Responsible Officer of the Designated Subsidiary certifying that such Designated
Subsidiary shall have obtained all governmental and third party authorizations, consents, approvals (including exchange control approvals) and licenses required under applicable laws and regulations necessary for such Designated Subsidiary to
execute and deliver this Agreement and to perform its obligations thereunder. 
 (d) The Designation Agreement of such
Designated Subsidiary, substantially in the form of Exhibit D hereto. 
 (e) An opinion of counsel (which may be in-house counsel) to such Designated Subsidiary, which in the case of a Designated Subsidiary that is a Domestic Subsidiary, will be substantially similar to the legal opinions delivered on the Closing Date pursuant
to Section 3.01(b)(iii), and, in the case of a Domestic Subsidiary that is a Foreign Subsidiary, will be in a form customary for the relevant jurisdiction. 

(f) All information relating to such Designated Subsidiary reasonably requested by any Lender through the Administrative Agent
not later than two Business Days after such Lender shall have been notified of the designation of such Designated Subsidiary under Section 9.08 in order to allow such Lender to comply with “know your customer”
regulations or any similar rules or regulations under applicable foreign laws, including, if such Designated Subsidiary qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification
in relation to such Designated Subsidiary. 
 SECTION 3.03 Conditions Precedent to Each Revolving Borrowing, Swingline Loan and Letter of
Credit Issuance or Extension. The obligation of each Revolving Lender to make a Revolving Loan on the occasion of each Revolving Borrowing, the obligation of each Swingline Lender to make any Swingline Loan and the obligation of each Issuing
Bank to issue, to amend or to extend the expiry date of a Letter of Credit shall further be subject to the satisfaction, or waiver in accordance with Section 9.01, of the following conditions: 

  
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 (a) the representations and warranties contained in
Section 4.01 (except the representations set forth in the last sentence of subsection (e) and in subsection (f) thereof (other than clause (i) thereof)) shall be correct in all material respects (in
the case of any representation and warranty that is qualified as to “materiality” or “Material Adverse Effect” or by similar language, in all respects) on and as of the date of such Revolving Borrowing or Swingline Loan or the
date of such issuance, amendment or extension of such Letter of Credit, before and after giving effect to such Revolving Borrowing or Swingline Loan and to the application of the proceeds therefrom or to such issuance, amendment or extension of such
Letter of Credit, as though made on and as of such date, and, if such Revolving Borrowing or Swingline Loan or issuance, amendment or extension of Letter of Credit shall have been requested by a Designated Subsidiary, the representations and
warranties of such Designated Subsidiary contained in its Designation Agreement shall be correct in all material respects (in the case of any representation and warranty that is qualified as to “materiality” or “Material Adverse
Effect” or by similar language, in all respects) on and as of the date of such Revolving Borrowing or Swingline Loan or such issuance, amendment or extension of such Letter of Credit, before and after giving effect to such Revolving Borrowing
or Swingline Loan and to the application of the proceeds therefrom or to such issuance, amendment or extension of such Letter of Credit issuance, as though made on and as of such date; and 

(b) no Default or Event of Default has occurred and is continuing, or would result from such Revolving Borrowing or Swingline
Loan or the issuance, amendment or extension of such Letter of Credit. 
 On the date of any Revolving Borrowing (other than any conversion or continuation
of any Loan) or the issuance, amendment or extension of any Letter of Credit, the applicable Borrower shall be deemed to have represented and warranted that the conditions specified in paragraphs (a) and (b) above have been satisfied. 

SECTION 3.04 Conditions Precedent to Each Competitive Bid Borrowing. The obligation of each Revolving Lender that is to make a
Competitive Bid Loan on the occasion of a Competitive Bid Borrowing shall be subject to the conditions precedent that (i) the Administrative Agent shall have received the written confirmatory Notice of Competitive Bid Borrowing with respect
thereto, (ii) on or before the date of such Competitive Bid Borrowing, but prior to such Competitive Bid Borrowing, the Administrative Agent shall have received a Competitive Bid Note payable to such Lender, or its registered assigns, for each
of the one or more Competitive Bid Loans to be made by such Lender as part of such Competitive Bid Borrowing, in a principal amount equal to the principal amount of the Competitive Bid Loan to be evidenced thereby and otherwise on such terms as were
agreed to for such Competitive Bid Loan in accordance with Section 2.06, and (iii) on the date of such Competitive Bid Borrowing the following statements shall be true, and the acceptance by the applicable Borrower of
the proceeds of such Competitive Bid Borrowing shall be a representation by such Borrower, that: 
 (a) the representations
and warranties contained in Section 4.01 (except the representations set forth in the last sentence of subsection (e) and in subsection (f) thereof (other than clause (i) thereof)) are correct in
all material respects on and as of the date of such Competitive Bid Borrowing, before and after giving effect to such Competitive Bid 

  
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Borrowing and to the application of the proceeds therefrom, as though made on and as of such date, and, if such Competitive Bid Borrowing shall have been requested by a Designated Subsidiary, the
representations and warranties of such Designated Subsidiary contained in its Designation Agreement are correct in all material respects on and as of the date of such Competitive Bid Borrowing, before and after giving effect to such Competitive Bid
Borrowing and to the application of the proceeds therefrom, as though made on and as of such date; and 
 (b) before and
after giving effect to the application of the proceeds of all Borrowings on such date (together with any other resources of the Borrowers applied together therewith), no event has occurred and is continuing, or would result from such Competitive Bid
Borrowing that constitutes a Default or Event of Default. 
 ARTICLE IV 

Representations and Warranties 

SECTION 4.01 Representations and Warranties of Kraft Heinz and the Parent Borrower. Each of Kraft Heinz and the Parent Borrower
represents and warrants as to Kraft Heinz, the Parent Borrower and the other Subsidiaries of Kraft Heinz as follows: 
 (a)
Each of Kraft Heinz and the Parent Borrower is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. 

(b) The execution, delivery and performance of this Agreement and the other Loan Documents to which Kraft Heinz or the Parent
Borrower is a party are within the corporate or limited liability company powers of Kraft Heinz or the Parent Borrower, as applicable, have been duly authorized by all necessary corporate or limited liability company action on the part of Kraft
Heinz or the Parent Borrower, as applicable, and do not contravene (i) the charter, by-laws, operating agreement or other organizational documents of Kraft Heinz or the Parent Borrower or (ii) any
law, rule, regulation or order of any court or other Governmental Authority or any contractual restriction binding on or affecting Kraft Heinz or the Parent Borrower except, with respect to any contravention referred to in
clause (ii), to the extent that such contravention could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(c) No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or regulatory
body is required for the due execution, delivery and performance by Kraft Heinz or the Parent Borrower, as applicable, of this Agreement and the other Loan Documents to which Kraft Heinz or the Parent Borrower, as applicable, is a party, except for
(i) authorizations, approvals, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect and (ii) those authorizations, approvals, actions, notices or filings the failure of which to
obtain or make could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 (d) This Agreement is, and each of the other Loan Documents to which Kraft
Heinz or the Parent Borrower is to be a party will be, duly executed and delivered by Kraft Heinz or the Parent Borrower, as applicable, and a legal, valid and binding obligation of Kraft Heinz or the Parent Borrower, as applicable, enforceable
against it in accordance with its terms, subject to the effect of any applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws affecting creditors’ rights generally and subject, as to enforceability,
to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 

(e) As reported in Kraft Heinz’s Annual Report on Form 10-K for the fiscal year
ended December 25, 2021, the consolidated balance sheet of Kraft Heinz and its Subsidiaries as of December 25, 2021, and the consolidated statements of income, comprehensive income, equity and cash flows of Kraft Heinz and its Subsidiaries
for the fiscal year then ended fairly present, in all material respects, the consolidated financial position of Kraft Heinz and its Subsidiaries as at such date and the consolidated results of the operations and cash flows of Kraft Heinz and its
Subsidiaries for the fiscal year ended on such date, all in accordance with GAAP. As reported in Kraft Heinz’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 26, 2022, the
consolidated balance sheet of Kraft Heinz and its Subsidiaries as of March 26, 2022, and the consolidated statements of income, comprehensive income, equity and cash flows of Kraft Heinz and its Subsidiaries for the fiscal quarter then ended
fairly present, in all material respects, the consolidated financial position of Kraft Heinz and its Subsidiaries as at such date and the consolidated results of the operations and cash flows of Kraft Heinz and its Subsidiaries for the fiscal
quarter ended on such date, all in accordance with GAAP. Except as disclosed in Kraft Heinz’s Annual Report on Form 10-K for the fiscal year ended December 25, 2021, or in any Current Report on Form 8-K or Quarterly Report on Form 10-Q filed subsequent to December 25, 2021, but prior to the Closing Date, since December 25, 2021, there has been no material
adverse change in the financial condition or operations of Kraft Heinz and its Subsidiaries, taken as a whole. 
 (f) There
is no pending or, to the knowledge of Kraft Heinz, threatened in writing, action or proceeding affecting Kraft Heinz or any of its Subsidiaries before any court or other Governmental Authority or arbitrator (a “Proceeding”)
(i) that purports to affect the legality, validity or enforceability of this Agreement or any other Loan Document or (ii) except for Proceedings disclosed in Kraft Heinz’s Annual Report on Form
10-K for the fiscal year ended December 25, 2021, or in any Current Report on Form 8-K or Quarterly Report on Form 10-Q
filed subsequent to December 25, 2021, but prior to the Closing Date, that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

(g) Kraft Heinz owns directly or indirectly 100% of the equity interests of the Parent Borrower. The Parent Borrower owns
directly or indirectly 100% of the equity interests of each other Borrower. 
 (h) None of the proceeds of any Loan or any
Letter of Credit will be used, directly or indirectly, for any purpose that would result in a violation of Regulation U. 

  
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 (i) Kraft Heinz and the Parent Borrower have implemented and maintain in
effect policies and procedures reasonably designed to ensure compliance by Kraft Heinz, the Parent Borrower and each of their Subsidiaries and their respective directors, officers, employees and agents (acting in their capacity as such) with the
FCPA and other applicable Anti-Corruption Laws and applicable Sanctions. None of (i) Kraft Heinz, the Parent Borrower or any of their Subsidiaries or (ii) to the knowledge of Kraft Heinz or the Parent Borrower, any director, officer,
employee or agent of Kraft Heinz or its Subsidiaries, is a Sanctioned Person. 
 ARTICLE V 

Covenants 
 SECTION 5.01
Affirmative Covenants. Commencing on the Closing Date and for as long as any Loan, interest or fees hereunder shall remain unpaid, any Letter of Credit (other than, after the Cash Collateralization Date, any Post-Maturity Letter of Credit)
shall remain outstanding or any Letter of Credit Disbursement unreimbursed or any Lender shall have any Commitment hereunder, each of Kraft Heinz and the Parent Borrower will: 

(a) Compliance with Laws, Etc. Comply, and cause each Major Subsidiary to comply, in all material respects, with all
applicable laws, rules, regulations and orders (such compliance to include, without limitation, complying with ERISA and paying before the same become delinquent all taxes, assessments and governmental charges imposed upon it or upon its property
except to the extent contested in good faith), noncompliance with which would have a Material Adverse Effect. 
 (b)
Maintenance of Total Shareholders’ Equity. Maintain Total Shareholders’ Equity of not less than the Minimum Shareholders’ Equity. 

(c) Reporting Requirements. Furnish to the Lenders: 

(i) as soon as available and in any event within 5 days after the due date for Kraft Heinz to have filed its Quarterly Report
on Form 10-Q with the SEC for the first three quarters of each fiscal year, an unaudited interim condensed consolidated balance sheet of Kraft Heinz and its Subsidiaries as of the end of such quarter and
unaudited interim condensed consolidated statements of earnings and cash flows of Kraft Heinz and its Subsidiaries for the period commencing at the end of the previous fiscal year and ending with the end of such quarter, certified by the chief
financial officer of Kraft Heinz; 
 (ii) as soon as available and in any event within 15 days after the due date for Kraft
Heinz to have filed its Annual Report on Form 10-K with the SEC for each fiscal year, a copy of the consolidated financial statements for such year for Kraft Heinz and its Subsidiaries, audited by
PricewaterhouseCoopers LLP (or other independent auditors which, as of the date of this Agreement, are one of the “big four” accounting firms); 

  
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 (iii) all reports which Kraft Heinz sends to any of its shareholders, and
copies of all reports on Form 8-K (or any successor forms adopted by the SEC) which Kraft Heinz files with the SEC; 

(iv) as soon as possible and in any event within five days after any officer or Kraft Heinz obtains actual knowledge thereof,
notice of the occurrence of each Default or Event of Default continuing on the date of such statement, a statement of the chief financial officer or treasurer of Kraft Heinz setting forth details of such Default or Event of Default and the action
which Kraft Heinz has taken and proposes to take with respect thereto; and 
 (v) promptly after such request, (A) such
other information respecting the condition or operations, financial or otherwise, of Kraft Heinz, the Parent Borrower or any Major Subsidiary as any Lender through the Administrative Agent may from time to time reasonably request and (B) all
documentation and other information that any Lender may from time to time reasonably request in order to comply with ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the
Patriot Act and the Beneficial Ownership Regulation. 
 In lieu of furnishing the Lenders the items referred to in clauses (i), (ii) and
(iii) above, Kraft Heinz or the Parent Borrower may make such items publicly available on the Internet at www.sec.gov or another website identified by Kraft Heinz or the Parent Borrower to the Administrative Agent (which website includes an
option to subscribe to a free service alerting subscribers by email of new SEC filings) or any successor or replacement website thereof, or by similar electronic means. 

(d) Ranking. Cause each Loan made to the Parent Borrower and the Guaranty by the Parent Borrower or by Kraft Heinz at
all times to constitute senior Debt of the Parent Borrower or Kraft Heinz, as applicable, ranking equally in right of payment with all existing and future senior Debt of the Parent Borrower or Kraft Heinz, as applicable, and senior in right of
payment to all existing and future subordinated Debt of the Parent Borrower or Kraft Heinz, as applicable. 
 (e)
Anti-Corruption Laws and Sanctions. Maintain in effect policies and procedures reasonably designed to ensure compliance by Kraft Heinz, the Parent Borrower and each of their Subsidiaries and their respective directors, officers, employees and
agents (acting in their capacity as such) with the FCPA and other applicable Anti-Corruption Laws and applicable Sanctions; and not use the proceeds of any Borrowing or Letter of Credit (and will not permit proceeds of any Borrowing or Letter of
Credit to be used) (i) for the purpose of funding payments to any officer or employee of a Governmental Authority or of a Person controlled by a Governmental Authority, to any Person acting in an official capacity for or on behalf of any
Governmental Authority or Person controlled by a Governmental Authority, or to any political party, official of a political party, or candidate for political office, in each case in violation of the FCPA, (ii) for the purpose of funding
payments in violation of other applicable Anti-Corruption Laws, (iii) for the purpose of financing the activities of any Sanctioned Person or in any Sanctioned Country except to the extent permitted for a Person required to comply with
Sanctions or (iv) in any manner that would result in the violation of applicable Sanctions by any party hereto. 

  
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 SECTION 5.02 Negative Covenants. Commencing on the Closing Date and for so long as
any Loan, interest or fees hereunder shall remain unpaid, any Letter of Credit (other than, after the Cash Collateralization Date, any Post-Maturity Letter of Credit) shall remain outstanding or any Letter of Credit Disbursement unreimbursed or any
Lender shall have any Commitment hereunder, neither Kraft Heinz nor the Parent Borrower will: 
 (a) Liens, Etc.
Create or suffer to exist or permit any Major Subsidiary to create or suffer to exist any lien, security interest, conditional sale or other title retention agreement or other charge or encumbrance (other than operating leases and licensed
intellectual property) (“Liens”), upon or with respect to any of its properties, whether now owned or hereafter acquired to secure or provide for the payment of any Debt of any Person, other than: 

(i) Liens upon or in property acquired or held by Kraft Heinz, the Parent Borrower or any Major Subsidiary in the ordinary
course of business to secure the purchase price of such property or to secure Debt incurred solely for the purpose of financing the acquisition of such property; 

(ii) Liens existing on property at the time of its acquisition (other than any such Lien created in contemplation of such
acquisition); 
 (iii) Liens existing on the date hereof securing Debt; 

(iv) Liens on property financed through the issuance of industrial revenue bonds in favor of the holders of such bonds or any
agent or trustee therefor; 
 (v) Liens existing on property of any Person acquired by Kraft Heinz, the Parent Borrower or
any Major Subsidiary after the date hereof (other than any such Lien created in contemplation of such acquisition); 
 (vi)
Liens securing Debt in an aggregate amount not in excess of the greater of (A) 10% of Consolidated Tangible Assets and (B) 10% of Consolidated Capitalization; 

(vii) Liens upon or with respect to Margin Stock; 

(viii) Liens in favor of Kraft Heinz, the Parent Borrower or any Major Subsidiary; 

(ix) precautionary Liens provided by Kraft Heinz, the Parent Borrower or any Major Subsidiary in connection with the sale,
assignment, transfer or other disposition of assets by Kraft Heinz, the Parent Borrower or such Major Subsidiary which transaction is determined by the Board of Directors of Kraft Heinz, the Parent Borrower or such Major Subsidiary to constitute a
“sale” under GAAP; 

  
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 (x) Liens secured in the favor of a U.S. federal, state or municipal
Governmental Authorities entered into for the purposes of reducing certain tax liabilities of Kraft Heinz or its Subsidiaries, provided that Kraft Heinz or such Subsidiary may upon not more than 120 days’ notice obtain title from such
Governmental Authority to such property free and clear of any Liens (other than Liens permitted by other clauses of this Section 5.02(a)) by paying a nominal fee or the amount of any taxes (or any portion thereof) that
would have otherwise been due and payable had such transaction not been terminated, by canceling issued bonds, if any, or otherwise terminating or unwinding such transaction; 

(xi) Liens for taxes, fees, assessments or other governmental charges, levies or claims not yet due or which are not delinquent
beyond any period of grace or remain payable without penalty or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable
Person in accordance with GAAP; 
 (xii) carriers’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s, landlord’s, supplier’s or other like Liens arising in the ordinary course of business; 
 (xiii)
pledges, deposits or other Liens in the ordinary course of business in connection with workers’ compensation, payroll taxes, unemployment insurance and other social security legislation; 

(xiv) deposits to secure the performance of bids, trade contracts, governmental contracts and leases (other than Debt),
statutory or regulatory obligations, surety, stay, customs and appeal bonds, performance bonds and other obligations of a like nature (including those to secure health, safety and environmental obligations) incurred in the ordinary course of
business; 
 (xv) easements, rights-of-way,
restrictions, covenants, conditions, encroachments, protrusions and other similar encumbrances and minor title defects affecting real property which do not in any case materially interfere with the ordinary conduct of the business of the applicable
Person; 
 (xvi) Liens securing judgments for the payment of money not constituting an Event of Default under
Section 6.01(f); 
 (xvii) Liens (A) of a collection bank (including those arising under Section 4.01-210 of the Uniform Commercial Code) on the items in the course of collection and (B) in favor of a banking or other financial institution encumbering deposits or other funds maintained with a
financial institution (including the right of set off) and which are within the general parameters customary in the banking industry; 

(xviii) Liens arising under repurchase agreements, reverse repurchase agreements, securities lending and borrowing agreements
and similar transactions; 

  
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 (xix) Liens arising from leases, licenses, subleases or sublicenses granted
to others in the ordinary course of business which (A) would not reasonably be expected to materially adversely affect the financial position or results of operations of Kraft Heinz and its Subsidiaries taken as a whole and (B) do not
secure any Debt; 
 (xx) Liens solely on deposits, advances and contractual payments, including implementation allowances or
escrows to or with landlords, customers or clients or in connection with insurance arrangement in the ordinary course of business; 

(xxi) pledges, deposits and other Liens in the ordinary course of business securing liability for reimbursement or
indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance; 

(xxii) 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 in the ordinary course of business; 
 (xxiii) any interest or title of a lessor or
sublessor under leases or subleases entered into by Kraft Heinz, the Parent Borrower or any Major Subsidiary in the ordinary course of business (other than pursuant to any sale and leaseback transaction); 

(xxiv) Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered
into by Kraft Heinz, the Parent Borrower or any Major Subsidiary in the ordinary course of business; 
 (xxv) customary Liens
(including contractual rights of set-off) (i) relating to the establishment of custody, depository, brokerage and clearing and accounts and services and other cash management relationships with banks or
other financial institutions in the ordinary course of business, (ii) relating to pooled deposit or sweep accounts of Kraft Heinz, the Parent Borrower or any Major Subsidiary to permit satisfaction of overdraft or similar obligations incurred
in the ordinary course of business of Kraft Heinz, the Parent Borrower or such Major Subsidiary or (iii) relating to purchase orders and other agreements entered into with customers of Kraft Heinz, the Parent Borrower or any Major Subsidiary in
the ordinary course of business; 
 (xxvi) Liens arising from precautionary Uniform Commercial Code financing statement
filings; 
 (xxvii) Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect
thereto; 
 (xxviii) any zoning or similar law or right reserved to or vested in any Governmental Authority to control or
regulate the use of any real property that does not materially interfere with the ordinary conduct of the business of Kraft Heinz, the Parent Borrower or any Major Subsidiary; 

  
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 (xxix) Liens on specific items of inventory or other goods and the proceeds
thereof securing such Person’s obligations in respect of documentary letters of credit issued for the account of such Person to facilitate the purchase, shipment or storage of such inventory or goods; and 

(xxx) any extension, renewal or replacement of the foregoing, provided that (A) such Lien does not extend to any
additional assets (other than a substitution of like assets) and (B) the amount of Debt secured by any such Lien is not increased (and, in the case of any extension, renewal or replacement of a Lien permitted under
Section 5.02(a)(vi), the amount of such Debt shall be included in the calculation of the aggregate amount of Debt for purposes of such Section). 

(b) Mergers, Etc. Consolidate with or merge into (or permit any Designated Subsidiary to consolidated with or merge
into), or convey or transfer, or permit one or more of its Subsidiaries to convey or transfer, (i) the properties and assets of Kraft Heinz and its Subsidiaries substantially as an entirety to, or (ii) the properties and assets of the
Parent Borrower and its Subsidiaries substantially as an entirety to, any Person, or liquidate or dissolve; provided that Kraft Heinz, the Parent Borrower or any Designated Subsidiary may consummate any such consolidation, merger, conveyance
or transfer if (A) immediately before and after giving effect thereto, no Default or Event of Default would exist, (B) in the case of any merger or consolidation to which Kraft Heinz or the Parent Borrower is a party or any such conveyance
or transfer, the surviving Person (if not Kraft Heinz or the Parent Borrower, as the case may be) or the transferee shall be a corporation (or, solely in the case of a consolidation or merger involving the Parent Borrower (and other than with Kraft
Heinz), a limited liability company) organized and existing under the laws of the United States of America or any State thereof or the District of Columbia and shall assume all of the obligations of Kraft Heinz or the Parent Borrower, as the case
may be, under this Agreement and the other Loan Documents to which Kraft Heinz or the Parent Borrower, as the case may be, is a party by the execution and delivery of an instrument or instruments in form and substance reasonably satisfactory to the
Administrative Agent, (C) in the case of any merger or consolidation to which any Designated Subsidiary is a party, the surviving Person (if not such Designated Subsidiary) shall be organized and existing under the laws of the jurisdiction of
organization of such Designated Subsidiary or under the laws of the United States of America or any State thereof or the District of Columbia and shall assume all of the obligations of such Designated Subsidiary under this Agreement and the other
Loan Documents to which such Designated Subsidiary is a party by the execution and delivery of an instrument or instruments in form and substance reasonably satisfactory to the Administrative Agent and (D) the Lenders and the Issuing Banks
shall have received, at least five Business Days prior to the date of the consummation of such merger, consolidation, conveyance or transfer, (x) all documentation and other information regarding such surviving Person or such transferee
required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the Patriot Act, that has been reasonably requested by the Administrative Agent,
any Lender or any Issuing Bank and (y) to the extent such surviving Person or transferee qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in relation to such
Person. 

  
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 ARTICLE VI 

Events of Default 

SECTION 6.01 Events of Default. Each of the following events shall constitute an “Event of Default”: 

(a) Any Borrower shall fail to pay any principal of any Loan or any reimbursement for Letter of Credit Disbursements when the
same becomes due and payable; or any Borrower shall fail to pay interest on any Loan, or the Parent Borrower shall fail to pay any fees payable under Section 2.08, within ten days after the same becomes due and payable (or
after notice from the Administrative Agent in the case of fees referred to in Section 2.08(b)); 

(b) Any representation or warranty made or deemed to have been made by Kraft Heinz or any Borrower herein or in any other Loan
Document or by Kraft Heinz or any Borrower (or any of their respective officers) in connection with this Agreement or any other Loan Document shall prove to have been incorrect in any material respect when made or deemed to have been made; 

(c) Kraft Heinz or any Borrower shall fail to perform or observe (i) any term, covenant or agreement contained in
Section 5.01(b), 5.01(c)(iv) (provided that the subsequent delivery of the notice required by such Section 5.01(c)(iv) shall automatically cure any Event of Default resulting
from the failure to have previously delivered such notice) or 5.02(b), (ii) any term, covenant or agreement contained in Section 5.02(a), if such failure shall remain unremedied for 15 days after written notice
thereof shall have been given to the Parent Borrower by the Administrative Agent or any Lender or (iii) any other term, covenant or agreement contained in this Agreement or any other Loan Document on its part to be performed or observed if such
failure shall remain unremedied for 30 days after written notice thereof shall have been given to the Parent Borrower by the Administrative Agent or any Lender; 

(d) Kraft Heinz, any Borrower or any Major Subsidiary shall fail to pay any principal of or premium or interest on any Debt
which is outstanding in a principal amount of at least US$300,000,000 in the aggregate (but excluding Debt arising under this Agreement) of Kraft Heinz, such Borrower or such Major Subsidiary (as the case may be), when the same becomes due and
payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt unless
adequate provision for any such payment has been made in form and substance satisfactory to the Required Lenders; or any Debt of Kraft Heinz, any Borrower or any Major Subsidiary which is outstanding in a principal amount of at least US$300,000,000
in the aggregate (but excluding Debt arising under this Agreement) shall be declared to be 

  
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due and payable, or required to be prepaid (other than by a scheduled required prepayment), redeemed, purchased or defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be
required to be made, in each case prior to the stated maturity thereof as a result of a breach by Kraft Heinz, such Borrower or such Major Subsidiary (as the case may be) of the agreement or instrument relating to such Debt unless adequate provision
for the payment of such Debt has been made in form and substance satisfactory to the Required Lenders; 
 (e) Kraft Heinz,
any Borrower or any Major Subsidiary shall generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding
shall be instituted by or against Kraft Heinz, any Borrower or any Major Subsidiary seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of
it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial
part of its property, and, in the case of any such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days or any of the actions sought in such proceeding
(including, without limitation, the entry of an order for relief against it or the appointment of a receiver, trustee, custodian or other similar official for it or for any of its property constituting a substantial part of the property of Kraft
Heinz and its Subsidiaries taken as a whole) shall occur; or Kraft Heinz, any Borrower or any Major Subsidiary shall take any corporate or other organizational action to authorize any of the actions set forth above in this subsection (e); 

(f) Any judgment or order for the payment of money in excess of US$300,000,000 shall be rendered against Kraft Heinz, any
Borrower or any Major Subsidiary and there shall be any period of 60 consecutive days during which a stay of enforcement of such unsatisfied judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; 

(g) Kraft Heinz, any Borrower or any ERISA Affiliate shall incur, or shall be reasonably likely to incur, liability as a result
of one or more of the following: (i) the occurrence of any ERISA Event; (ii) the partial or complete withdrawal of Kraft Heinz, any Borrower or any ERISA Affiliate from a Multiemployer Plan; or (iii) the termination of a Multiemployer
Plan that would, in the case of clauses (i), (ii) and (iii), individually or in the aggregate, materially adversely affect the financial condition or operations of Kraft Heinz and its Subsidiaries taken as a whole; provided,
however, that no Default or Event of Default under this Section 6.01(g) shall be deemed to have occurred if Kraft Heinz, such Borrower or any ERISA Affiliate shall have made arrangements satisfactory to the PBGC or
the Required Lenders to discharge or otherwise satisfy such liability (including the posting of a bond or other security); 

  
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 (h) The Guaranty provided by Kraft Heinz or the Parent Borrower shall for
any reason cease (other than in accordance with the provisions of Article VIII) to be valid and binding on Kraft Heinz or the Parent Borrower, as the case may be, or Kraft Heinz or the Parent Borrower shall so state in writing; or 

(i) The Parent Borrower shall cease to be a wholly owned Subsidiary of Kraft Heinz, or any other Borrower shall cease to be a
wholly owned Subsidiary of the Parent Borrower. 
 SECTION 6.02 Lenders’ Rights upon Event of Default. If an Event
of Default occurs and is continuing, then the Administrative Agent shall at the request, or may with the consent, of the Required Lenders, by notice to the Parent Borrower: 

(a) declare the obligation of each Lender to make further Loans to be terminated, whereupon the same shall forthwith terminate,

 (b) declare all the Loans then outstanding, all interest thereon and all other amounts payable under this Agreement and
the other Loan Documents to be forthwith due and payable, whereupon the Loans then outstanding, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind,
all of which are hereby expressly waived by the Borrowers; 
 provided, however, that in the event of an actual or deemed entry
of an order for relief with respect to Kraft Heinz or any Borrower under the Federal Bankruptcy Code or any equivalent bankruptcy or insolvency laws of any state or foreign jurisdiction, (i) the obligation of each Lender to make Loans shall
automatically be terminated and (ii) the Loans then outstanding, all such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby
expressly waived by Kraft Heinz and the Borrowers, and 
 (c) exercise their rights and remedies
under Section 2.20(g)(i). 
 ARTICLE VII 

The Administrative Agent 

SECTION 7.01 Authorization and Action. Each Lender and Issuing Bank hereby appoints and authorizes the Administrative Agent to take
such action and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms hereof and thereof, together with such powers and discretion as are reasonably
incidental thereto. As to any matters not expressly provided for by this Agreement (including, without limitation, enforcement or collection of the Notes), the Administrative Agent shall not be required to exercise any discretion or take any action,
but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or
as the Administrative Agent shall believe in good faith to be necessary, under the circumstances as provided herein), and such instructions shall be binding upon all Lenders and all holders of Notes; provided, however, that the
Administrative Agent shall not be required to take any action that, in its opinion, exposes the Administrative Agent to liability or that is contrary to this Agreement, any other Loan Document or applicable law. The

  
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Administrative Agent agrees to give to each Lender prompt notice of each notice given to it by any Borrower as required by the terms of this Agreement or at the request such Borrower, and any
notice provided pursuant to Section 5.01(c)(iv), but otherwise the Administrative Agent shall not have any duty to disclose, and shall not have any Liability for the failure to disclose, any information relating to Kraft
Heinz or its Subsidiaries or other Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. Notwithstanding any provision to the contrary contained elsewhere herein,
the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, nor shall the Administrative Agent have or be deemed to have any fiduciary relationship with any Lender, Issuing Bank or Participant,
and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or otherwise exist against the Administrative Agent. Without limiting the generality of the foregoing sentence, the use of
the term “agent” herein with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term is used merely as
a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. 

SECTION 7.02 Administrative Agent’s Reliance, Etc. Neither the Administrative Agent nor any of its Related Persons
shall be liable for any action taken or omitted to be taken by it or them under or in connection with this Agreement or any other Loan Documents, except for its or their own gross negligence or willful misconduct, as determined by a court of
competent jurisdiction in a final and non-appealable judgment. Without limitation of the generality of the foregoing, the Administrative Agent: 

(a) may treat the Lender that made any Loan as the holder of the Debt resulting therefrom until the Administrative Agent
receives and accepts an Assignment and Assumption entered into by such Lender, as assignor, and an Eligible Assignee, as assignee, as provided in Section 9.07; 

(b) may consult with legal counsel (including counsel for Kraft Heinz or any Borrower), independent public accountants and
other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts; 

(c) makes no warranty or representation to any Lender or Issuing Bank and shall not be responsible to any Lender or Issuing
Bank for any statements, warranties or representations (whether written or oral) made in or in connection with this Agreement or any other Loan Document by Kraft Heinz or any Borrower or the contents of any certificate, report or other document
delivered thereunder or in connection therewith, and shall not have any duty to ascertain or to inquire as to the satisfaction of any condition set forth in Article III or elsewhere in this Agreement, other than to confirm receipt of items
(which on their face purport to be such items) expressly required to be delivered to the Administrative Agent or satisfaction of any condition that expressly refers to the matters described therein being acceptable or satisfactory to the
Administrative Agent; 
 (d) shall not have any duty to ascertain or to inquire as to the performance or observance of any of
the terms, covenants or conditions of this Agreement or any other Loan Document on the part of Kraft Heinz or any Borrower or to inspect the property (including the books and records) of Kraft Heinz or any Borrower; 

  
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 (e) shall not be responsible to any Lender or Issuing Bank for the due
execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document or any other instrument or document furnished pursuant hereto or thereto; 

(f) shall be deemed not to have knowledge of any Default or Event of Default unless and until written notice thereof (stating
that it is a “notice of default”) is given to the Administrative Agent by Kraft Heinz, Parent Borrower or a Lender; and 

(g) shall incur no Liability by acting upon any notice, consent, certificate or other instrument or writing (which writing may
be a fax, any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and signed or sent by the proper Person (whether or not such Person in fact meets the requirements set forth in this Agreement
for being the signatory, sender or authenticator thereof), and the Administrative Agent shall be entitled to rely, and shall incur no Liability for relying, upon any statement made to it orally or by telephone and believed by it to be made by the
proper Person (whether or not such Person in fact meets the requirements set forth in this Agreement for being the maker thereof), and may act upon any such statement prior to receipt of written confirmation thereof. 

(h) shall not be responsible for or have any duty to ascertain or inquire into whether any Affiliated Lender intends to acquire
or has acquired any Loan or as to whether any Lender is at any time an Affiliated Lender and that, unless the Administrative Agent shall have received, pursuant to the covenants of such Lender set forth in the Assignment and Assumption pursuant to
which such Lender shall have acquired any Term Loan hereunder, prior written notice from any Lender that such Lender is an Affiliated Lender, the Administrative Agent may deal with such Lender (including for purposes of determining the consent,
approval, vote or other similar action of the Lenders or the Lenders of any Class), and shall not incur any liability for so doing, as if such Lender were not an Affiliated Lender. 

SECTION 7.03 The Administrative Agent and Affiliates. With respect to its Commitment and the Loans made by it and any Letter of Credit
issued by it, the Administrative Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any other Lender, Issuing Bank or Swingline Lender and may exercise the same as though it were not the Administrative
Agent; and the term “Lender”, “Lenders”, “Issuing Bank”, “Issuing Banks”, “Swingline Lender” and “Swingline Lenders” shall, unless otherwise expressly indicated, include the Administrative
Agent in its individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept investment banking engagements from and generally engage in any kind of business with
Kraft Heinz, the Parent Borrower or any other Borrower, any of their respective Subsidiaries or other Affiliates and any Person that may do business with or own securities of Kraft Heinz, the Parent Borrower, any other Borrower or any such
Subsidiary or other Affiliate, all as if the Administrative Agent were not the Administrative Agent and without any duty to account therefor to the Lenders or the Issuing Banks. 

  
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 SECTION 7.04 Acknowledgment and Agreements of Lenders and Issuing Banks. 

(a) Each Lender and each Issuing Bank acknowledges and agrees that (i) the Loan Documents set forth the terms of a commercial lending
facility, (ii) it is engaged in making, acquiring or holding commercial loans and in providing other facilities set forth herein as may be applicable to such Lender or Issuing Bank, in each case in the ordinary course of business, and not for
the purpose of purchasing, acquiring or holding any other type of financial instrument (and each Lender and each Issuing Bank agrees not to assert a claim in contravention of the foregoing), (iii) it has, independently and without reliance upon
the Administrative Agent, any Revolving Arranger, any Revolving Syndication Agent or any other Lender or Issuing Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to enter into this Agreement as a Lender or an Issuing Bank, as applicable, and to make, acquire or hold Loans hereunder or issue Letters of Credit hereunder and (iv) it is sophisticated with respect to
decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender or Issuing Bank, and either it, or the Person exercising discretion in making its decision to make, acquire
and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or providing such other facilities. Each Lender and each Issuing Bank also acknowledges that it will,
independently and without reliance upon the Administrative Agent, any Revolving Arranger, any Revolving Syndication Agent or any other Lender or Issuing Bank, or any of the Related Parties of any of the foregoing, and based on such documents and
information (which may contain MNPI) as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any
document furnished hereunder or thereunder. 
 (b) Each Lender and Issuing Bank hereby agrees that (i) if the Administrative Agent
notifies such Lender or Issuing Bank that the Administrative Agent has determined in its sole discretion that any funds received by such Lender or Issuing Bank from the Administrative Agent or any of its Affiliates (whether as a payment,
prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a “Payment”) were erroneously transmitted to such Lender or Issuing Bank (whether or not known to such Lender or Issuing Bank), and
demands the return of such Payment (or a portion thereof), such Lender or Issuing Bank, as the case may be, shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or
portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender or Issuing Bank to the date such
amount is repaid to the Administrative Agent at (A) in the case of an amount denominated in US Dollars, the greater of (x) the NYFRB Rate and (y) a rate determined by the Administrative Agent in accordance with banking industry rules
on interbank compensation and (B) in the case of any amount denominated in any other currency, a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, and (ii) to the extent
permitted by applicable law, such Lender or Issuing Bank shall 

  
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not assert, and hereby waives, as to the Administrative Agent, any claim, counterclaim, defense or right of setoff or recoupment with respect to any demand, claim or counterclaim by the
Administrative Agent for the return of any Payments received, including without limitation any defense based on “discharge for value” or any similar doctrine. A notice of the Administrative Agent delivered to any Lender or Issuing Bank
pursuant to this paragraph shall be conclusive, absent manifest error. 
 (c) Each Lender and Issuing Bank hereby further agrees that if it
receives a Payment from the Administrative Agent or any of its Affiliates (i) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or any of its Affiliates)
with respect to such Payment (a “Payment Notice”) or (ii) that was not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment. Each Lender
and Issuing Bank agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Lender or Issuing Bank, as the case may be, shall promptly notify the Administrative Agent of such
occurrence and, upon demand from the Administrative Agent, it shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand
was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender or Issuing Bank to the date such amount is repaid to the Administrative Agent
at (A) in the case of an amount denominated in US Dollars, the greater of (x) the NYFRB Rate and (y) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation and (B) in the
case of any amount denominated in any other currency, a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(d) Kraft Heinz and each Borrower hereby agree that (i) in the event an erroneous Payment (or portion thereof) is not recovered from any
Lender or Issuing Bank that has received such Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated to all the rights of such Lender or Issuing Bank with respect to such amount and (ii) an erroneous Payment
shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by Kraft Heinz or any Borrower, except to the extent such erroneous Payment is, and solely with respect to the amount of such erroneous Payment that is, comprised of
funds received by the Administrative Agent from Kraft Heinz or any Borrower for the purpose of making a payment to satisfy any of the Obligations. 

(e) Each party’s obligations under Sections 7.04(b), 7.04(c) and 7.04(d) shall survive the
resignation or replacement of the Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment, satisfaction or discharge of all Obligations under any Loan
Document. 
 SECTION 7.05 [Reserved.] 

  
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 SECTION 7.06 Successor Administrative Agent. The Administrative Agent may resign at
any time by giving written notice thereof to the Lenders and the Parent Borrower and, if the Administrative Agent shall have become a Defaulting Lender, may be removed at any time by the Required Lenders. Upon the resignation or removal of the
Administrative Agent, the Required Lenders shall have the right to appoint a successor Administrative Agent (with the consent of the Parent Borrower so long as no Event of Default shall have occurred and be continuing). If no successor
Administrative Agent shall have been so appointed by the Required Lenders, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent’s giving of notice of resignation or the Required Lenders’ removal
of the retiring Administrative Agent, then the retiring or removed Administrative Agent may (with the consent of the Parent Borrower so long as no Event of Default shall have occurred and be continuing), on behalf of the Lenders, appoint a successor
Administrative Agent, which shall be (a) a Lender and (b) a commercial bank organized under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least US$500,000,000. Upon the
acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, discretion, privileges and duties of
the retiring or removed Administrative Agent, and the retiring or removed Administrative Agent shall be discharged from its duties and obligations under this Agreement; provided that should the Administrative Agent for any reason not appoint
a successor Administrative Agent, which it is under no obligation to do, then the rights, powers, discretion, privileges and duties referred to in this Section 7.06 shall be vested in the Required Lenders until a successor
Administrative Agent has been appointed. After any retiring or removed Administrative Agent’s resignation or removal hereunder as Administrative Agent, the provisions of this Article VII and Sections 2.14
and 9.04, and any other indemnities, expense reimbursement and exculpatory provisions set forth in the Loan Documents for the benefit of the Administrative Agent, shall inure to the benefit of the Administrative Agent (and its sub-agents) and its Related Parties as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement. 

SECTION 7.07 Syndication Agents and Arrangers. None of the Persons that have been designated as the Revolving Syndication Agents or the
Revolving Arrangers shall have any duties or obligations as a result of such designation or such titles hereunder, other than any obligations in their individual capacity as a Lender or an Issuing Bank. 

SECTION 7.08 Withholding Tax. To the extent required by any applicable law, the Administrative Agent may withhold from any payment to
any Lender (which term, as used in this Section 7.08, includes each Issuing Bank) an amount equivalent to any applicable withholding tax. Without limiting or expanding the provisions of
Section 2.14(a) or 2.14(c), each Lender shall, and does hereby, indemnify the Administrative Agent against, and shall make payable in respect thereof within 30 days after demand therefor, (i) any and all Taxes
attributable to such Lender (but only to the extent that Kraft Heinz, the Parent Borrower or any other Borrower has not already indemnified the Administrative Agent for such Taxes and without limiting the obligation of Kraft Heinz and the Borrowers
to do so); (ii) any and all taxes excluded from the definition of “Taxes” in Section 2.14(a) attributable to such Lender , and (iii) any and all taxes attributable to such Lender’s failure to comply with the provisions of
Section 9.07(e) relating to the maintenance of a Participant Register, in each case that are payable or paid by the Administrative Agent in connection with this Agreement or any other Loan Document and any reasonable expenses (including
penalties, interest, additions to taxes) arising therefrom or with respect thereto, whether or not such taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. 

  
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The agreements in this Section 7.08 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a
Lender, the termination of this Agreement and the other Loan Documents and the repayment, satisfaction or discharge of all other Obligations. 

SECTION 7.09 Sub-Agents. The Administrative Agent may perform any of and all its duties and
exercise its rights and powers under this Agreement, the other Loan Documents or any related agreement or instrument by or through any one or more sub-agents appointed by the Administrative Agent, and the
Administrative Agent and any such sub-agent may perform any of and all their duties and exercise their rights and powers through their respective Affiliates or branches. The exculpatory, indemnity and
reimbursement provisions of this Article VII and Section 9.04 shall apply to any such sub-agent and Affiliate, and their respective Related Parties. 

SECTION 7.10 Administrative Agent Satisfaction Right. If any Lender shall fail to make any payment required to be made by it hereunder
to or for the account of the Administrative Agent, any Issuing Bank or any Swingline Lender, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), (a) apply any amounts thereafter received by the
Administrative Agent for the account of such Lender hereunder to satisfy such Lender’s obligations in respect of such payment until all such unsatisfied obligations have been discharged or (b) hold any such amounts in a segregated account
as cash collateral for, and application to, any future funding obligations of such Lender pursuant to Section 2.02(d), 2.13(e), 2.20, 2.21 7.05 or 7.08, in each case in such order as shall
be determined by the Administrative Agent in its discretion. 
 SECTION 7.11 Administrative Agent May File Proofs of Claim. In case
of the pendency of any proceeding under the Federal Bankruptcy Code or any other judicial proceeding relating to Kraft Heinz or any Borrower, the Administrative Agent (irrespective of whether the principal of any Loan or any Obligation under any
Letter of Credit shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on Kraft Heinz or any Borrower) shall be entitled and empowered (but
not obligated) by intervention in such proceeding or otherwise: 
 (a) to file and prove a claim for the whole amount of the principal and
interest owing and unpaid in respect of the Loans, Obligations under Letters of Credit and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders,
the Issuing Banks and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Banks and the Administrative Agent and their respective agents and counsel and all
other amounts due the Lenders, the Issuing Banks and the Administrative Agent under Sections 2.08 and 9.04) allowed in such judicial proceeding; and 

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

  
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 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any
such judicial proceeding is hereby authorized by each Lender and Issuing Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and
the Issuing Banks, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent
under Sections 2.08 and 9.04. 
 SECTION 7.12 Certain ERISA Matters. (a) Each Lender
(a) represents and warrants, as of the date such Person became a Lender party hereto, to, and (b) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, that at least
one of the following is and will be true: 
 (i) such Lender is not using “plan assets” (within the meaning of
Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments or this Agreement; 

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

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

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender. 
 (b) In addition, unless either (1) clause (i) in paragraph (a) of this Section is true with
respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with clause (iv) in paragraph (a) of this Section, such Lender further (x) represents and warrants, as of the date such
Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, that the Administrative Agent is not a fiduciary with respect to the
assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the
Administrative Agent under this Agreement, any other Loan Document or any documents related hereto or thereto). 

  
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 ARTICLE VIII 

Guaranty 
 SECTION 8.01
Guaranty. Each of Kraft Heinz and the Parent Borrower hereby unconditionally and irrevocably, jointly and severally, guarantees as a primary obligor and not merely as a surety, the due and punctual payment and performance when due, whether at
stated maturity, by acceleration or otherwise, of the Guaranteed Obligations. Each of Kraft Heinz and the Parent Borrower further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy,
insolvency, receivership or similar proceeding shall have stayed the accrual or collection of any of the Guaranteed Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had
by the Administrative Agent or any other Guaranteed Party to any security held for the payment of the Guaranteed Obligations or to any balance of any deposit account or credit on the books of the Administrative Agent or any Guaranteed Party in favor
of any of the Borrowers or any other Person. In furtherance of the foregoing and not in limitation of any other right that the Administrative Agent or any other Guaranteed Party may have at law or in equity against Kraft Heinz or the Parent Borrower
by virtue of the Guaranty, upon the failure of any Borrower (in the case of the Guaranty by the Parent Borrower, upon failure of any Borrower other than the Parent Borrower) to pay any Guaranteed Obligation when and as the same shall become due,
whether at maturity, by acceleration, after notice of prepayment or otherwise, each of Kraft Heinz and the Parent Borrower hereby promises to and will forthwith pay, or cause to be paid, to the Administrative Agent for distribution to the applicable
Guaranteed Parties in cash the amount of such unpaid Guaranteed Obligation. 
 SECTION 8.02 Guaranty Absolute. Each of Kraft Heinz
and the Parent Borrower guarantees that the Guaranteed Obligations will be paid strictly in accordance with the terms of this Agreement and the other Loan Documents, regardless of any law, regulation or order now or hereafter in effect in any
jurisdiction affecting any of such terms or the rights of the Administrative Agent or any other Guaranteed Party with respect thereto. The liability of Kraft Heinz and the Parent Borrower under the Guaranty shall be absolute and unconditional, and
shall not be subject to any reduction, limitation, impairment or termination for any reason, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever for any
reason, in each case, irrespective of: 
 (a) any lack of validity, enforceability or genuineness of any provision of this
Agreement, any other Loan Document or any other agreement or instrument relating thereto or of any of the Guaranteed Obligations, or any impossibility in the performance of any of the Guaranteed Obligations; 

(b) any change in the time, manner or place of payment of, any extension or renewal, in whole or in part, or in any change in
any other term of, all or any of the Guaranteed Obligations, or any other amendment or waiver of or any consent to departure from this Agreement or any other Loan Document, or any claim of waiver, release, surrender, alteration or compromise of any
of the Guaranteed Obligations; 

  
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 (c) any exchange, release or
non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any other guaranty, for all or any of the Guaranteed Obligations; 

(d) the failure of the Administrative Agent or any other Guaranteed Party to assert any claim or demand or to enforce any right
or remedy under the provisions of this Agreement, any other Loan Document or otherwise; 
 (e) any default, failure or delay,
wilful or otherwise, in the performance of any of the Guaranteed Obligations; 
 (f) any law or regulation of any
jurisdiction or any other event affecting any term of any Guaranteed Obligation; or 
 (g) any other circumstance which might
otherwise constitute a defense available to, or a discharge of, Kraft Heinz, the Parent Borrower or any other Borrower. 
 The Guaranty provided hereunder
by Kraft Heinz and the Parent Borrower shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must otherwise be returned by the Administrative Agent or any
other Guaranteed Party upon the insolvency, bankruptcy or reorganization of a Borrower or otherwise, all as though such payment had not been made. 

SECTION 8.03 Waivers. 

(a) Each of Kraft Heinz and the Parent Borrower hereby waives promptness, diligence, notice of acceptance and any other notice with respect to
any of the Guaranteed Obligations and this Guaranty and any requirement that the Administrative Agent or any other Guaranteed Party protect, secure, perfect or insure any security interest or lien or any property subject thereto or exhaust any right
or take any action against any Borrower or any other Person or any collateral. Each of Kraft Heinz and the Parent Borrower further waives presentment to, demand of payment from and protest to any Borrower of any of the Guaranteed Obligations, and
also waives notice of acceptance of its guarantee and notice of protest for nonpayment. 
 (b) Each of Kraft Heinz and the Parent Borrower
hereby irrevocably waives any claims or other rights that it may now or hereafter acquire against any Borrower that arise from the existence, payment, performance or enforcement of the obligations of Kraft Heinz or the Parent Borrower under the
Guaranty or this Agreement, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the Administrative Agent or any other Guaranteed
Party against any Borrower or any collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from any Borrower, directly or
indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right. If any amount shall be paid to Kraft Heinz or the Parent Borrower in
violation of the preceding sentence at any time prior 

  
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to the later of the cash payment in full of the Guaranteed Obligations and the latest Maturity Date, such amount shall be held in trust for the benefit of the Administrative Agent and the other
Guaranteed Parties and shall forthwith be paid to the Administrative Agent to be credited and applied to the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms of this Agreement and the Guaranty, or to be held as
collateral for any Guaranteed Obligations thereafter arising. Each of Kraft Heinz and the Parent Borrower acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Agreement, the other Loan
Documents and the Guaranty and that the waiver set forth in this Section 8.03(b) is knowingly made in contemplation of such benefits. 

(c) Each of Kraft Heinz and the Parent Borrower agrees that if payment in respect of any Guaranteed Obligation shall be due in a currency
other than US Dollars and/or at a place of payment other than New York and if, by reason of any change in law, disruption of currency or foreign exchange markets, war or civil disturbance or other event, circumstance or condition, payment of such
Guaranteed Obligation in such currency or at such place of payment shall be impossible or, in the reasonable judgment of the Administrative Agent, any Lender or any Issuing Bank, not consistent with the protection of its rights or interests, then,
at the election of the Administrative Agent, Kraft Heinz or the Parent Borrower, as the case may be, shall make payment of such Guaranteed Obligation in US Dollars (it being agreed that the rate of exchange used shall be that at which in accordance
with normal banking procedures such currency can be purchased with US Dollars) and/or in New York, and shall indemnify the Administrative Agent and each other Guaranteed Party against any losses or reasonable out-of-pocket expenses that it shall sustain as a result of such alternative payment. 
 SECTION
8.04 Continuing Guaranty. The Guaranty is a continuing guaranty and shall (a) remain in full force and effect until all the Guaranteed Obligations (other than contingent obligations for indemnification, expense reimbursement, tax gross-up or yield protection as to which no claim has been made), whether currently existing or hereafter incurred, have been paid in full in cash, the Lenders have no further commitment to lend under this Agreement
or the other Loan Documents, the Letter of Credit Exposure has been reduced to zero and the Issuing Banks have no further obligations to issue, amend or extend Letters of Credit under this Agreement or the other Loan Documents, (b) be binding
upon each of Kraft Heinz, the Parent Borrower and each of their respective successors and assigns, and (c) inure to the benefit of and be enforceable by the Administrative Agent and the other Guaranteed Parties. 

ARTICLE IX 
 Miscellaneous

 SECTION 9.01 Amendments, Etc.; Limitations on Affiliated Lenders. 

(a) No amendment or waiver of any provision of this Agreement or any other Loan Document, nor consent to any departure by any Borrower or
Kraft Heinz therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders, Kraft Heinz and the Parent Borrower (or, in the case of any other Loan Document, each Borrower that is a party thereto and
the Administrative Agent, with the consent of the Required Lenders), and then such waiver or consent shall be effective only in the specific instance and for the specific 

  
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purpose for which given; provided, however, that no amendment, waiver or consent shall (A) waive any of the conditions specified in Section 3.02 or
3.03 without the prior written consent of a Majority in Interest of the Revolving Lenders (it being understood and agreed that any waiver or amendment of a representation, warranty, covenant, Default or Event of Default shall not constitute a
waiver of any condition specified in Section 3.02 or 3.03 unless the amendment or waiver so provides), (B) increase any Commitment of any Lender without the prior written consent of such Lender, (C) reduce the
principal of, or the amount or rate of interest on, any Loan or any Letter of Credit Disbursement or any fees payable hereunder without the prior written consent of each Lender directly affected thereby, (D) postpone any date fixed for any
payment of principal of, or interest on, any Loan or the required date of any reimbursement of any Letter of Credit Disbursement, or any fees payable hereunder, or postpone the scheduled date of expiration of any Commitment, without the prior
written consent of each Lender directly affected thereby, (E) change the percentage set forth in the definition of the term “Required Lenders”, “Majority in Interest” or any other provision of this Agreement or any other
Loan Document specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend or modify any rights hereunder or thereunder or make any determination or grant any consent hereunder or thereunder, in each case,
without the prior written consent of each Lender (or each Lender of such Class, as the case may be), provided that, with the prior written consent of the Required Lenders, the provisions of this Section and the definition of the terms
“Required Lenders” or “Majority in Interest” may be amended to include references to any new Class of Loans or Commitments created under this Agreement (or to Lenders extending such Loans or Commitments) on substantially the
same basis as the corresponding references relating to the existing Classes of Loans or Commitments or Lenders, (F) release Kraft Heinz or the Parent Borrower from the Guaranty without the prior written consent of each Lender, (G) change
Section 2.15 in a manner that would alter the pro rata sharing of payments required thereby without the prior written consent of each Lender directly and adversely affected thereby, (H) add any additional currencies in
which any Loan must be made available by any Lender without the prior written consent of such Lender, (I) change any provision of this Agreement or any other Loan Document in a manner that by its terms adversely affects the rights in respect of
payments of Lenders of any Class differently from Lenders of any other Class, without the prior written consent of Lenders representing a Majority in Interest of each adversely affected Class or (J) amend this
Section 9.01 without the written consent of each Lender; provided further that no waiver of the conditions specified in Section 3.04 in connection with any Competitive Bid Borrowing
shall be effective unless consented to by all Lenders making Competitive Bid Loans as part of such Competitive Bid Borrowing; and provided further that (1) no amendment, waiver or consent shall, unless in writing and signed by the
Administrative Agent in addition to the Lenders required above to take such action, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document, (2) no amendment, waiver or consent shall, unless in
writing and signed by the applicable Issuing Bank in addition to the Lenders required above to take such action, affect the rights or duties of any Issuing Bank under this Agreement or any other Loan Document, (3) no amendment, waiver or
consent shall, unless in writing and signed by the applicable Swingline Lender in addition to the Lenders required above to take such action, affect the rights or duties of any Swingline Lender under this Agreement or any other Loan Document,
(4) any amendment, waiver or consent in respect of this Agreement or any other Loan Document that by its terms affects the rights or duties under this Agreement of the Lenders of one or more Classes (but not the Lenders of any other Classes)
may be effected by an agreement or agreements in writing entered into by Kraft Heinz, 

  
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the Parent Borrower (or, in the case of any Loan Document other than this Agreement, each Borrower party thereto) and the requisite number or percentage in interest of Lenders under each affected
Class of Lenders that would be required to consent thereto under this Section if such Class of Lenders were the only Class of Lenders hereunder at the time, (5) this Agreement and the other Loan Documents may be amended as set
forth in Sections 2.07(b), 2.09(a)(iii), 2.09(b), 2.17, 2.20(f) and 9.08, and the term Letter of Credit Commitment or Swingline Commitment, as such term is used in reference to any Issuing
Bank or any Swingline Lender, may be modified with the consent of such Issuing Bank or such Swingline Lender as contemplated by the definition of such term, in each case, without any additional consents, (6) if the Administrative Agent, Kraft
Heinz and the Parent Borrower acting together identify any ambiguity, omission, mistake, typographical error or other defect or inconsistency in any provision of this Agreement or any other Loan Document, then the Administrative Agent, Kraft Heinz
and the Parent Borrower shall be permitted to amend or modify such provision to cure such ambiguity, omission, mistake, typographical error or other defect or inconsistency, and such amendment or modification shall become effective without any
further action or consent of any other party to this Agreement, it being agreed that the Administrative Agent shall provide a copy thereof to the Lenders promptly after the effectiveness thereof, (7) no consent with respect to any amendment,
waiver or other modification of this Agreement or any other Loan Document shall be required of any Defaulting Lender, except with respect to any amendment, waiver or other modification referred to in clause (B), (C), (D) or (H) set forth above
and then only in the event such Defaulting Lender shall be affected by such amendment, waiver or other modification and (8) no amendment, waiver or other modification of this Agreement or any other Loan Document referred to in the first proviso
to this Section shall require the consent or approval of any Lender which immediately after giving effect to such amendment, waiver or other modification (x) shall have no Commitment or other obligation to maintain or extend credit under the
Loan Documents (as so amended, waived or otherwise modified), including, without limitation, any obligation in respect of any drawing under or participation in any Letter of Credit, and (y) substantially contemporaneously with the effectiveness
of such amendment, waiver or other modification shall have been paid in full all amounts owing to it under the Loan Documents (including, without limitation, principal, interest and fees), it being understood and agreed that from and after the
effectiveness of any such amendment, waiver or other modification any such Lender shall be deemed to no longer be a “Lender” hereunder or a party hereto, provided that any such Lender shall retain the benefit of indemnification and
other provisions hereof which, by the terms hereof, would survive a termination of this Agreement. 
 (b) Notwithstanding anything to the
contrary set forth in this Agreement, no Lender that is an Affiliated Lender shall have any right to (and no Affiliated Lender shall) (i) consent to any amendment, waiver or consent with respect to any of the terms and conditions of this
Agreement or any other Loan Document, (ii) require the Administrative Agent or any Lender to take any action (or refrain from taking any action) with respect to this Agreement or any other Loan Document, (iii) otherwise vote on any matter
relating to this Agreement or any other Loan Document, (iv) attend (or receive notice of) any meeting (whether in person, by telephone or other means) with the Administrative Agent or any Lender, except any portion thereof attended (at the
invitation of the Administrative Agent) by representatives of Kraft Heinz or the Parent Borrower, or receive any information or material (in whatever form) prepared by or on behalf of, or otherwise provided by, the Administrative Agent or any
Lender, other than any such information or material that has been made available by the Administrative Agent to Kraft Heinz or the Parent 

  
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Borrower and any notices of borrowings, prepayments and other administrative matters in respect of its Term Loans required to be provided to it pursuant to Article II, or (v) make or
bring any claim, in its capacity as a Lender, against the Administrative Agent or any Lender with respect to the fiduciary duties of the Administrative Agent or any Lender or any other duties and obligations of such Persons under this Agreement, any
other Loan Document or any related document or instrument; provided that, without the prior written consent of such Affiliated Lender, no amendment, waiver or consent with respect to any of the terms and conditions of this Agreement or any
other Loan Document shall (A) deprive any Affiliated Lender, in its capacity as Lender, of its share of any payments that Lenders of the same Class are entitled to share on a pro rata basis hereunder or (B) affect any Affiliated
Lender, in its capacity as Lender, in a manner that is disproportionate to the effect of such amendment, waiver or consent on the other Lenders of the same Class. 

(c) If a proceeding under the Federal Bankruptcy Code or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar
law shall be commenced by or against Kraft Heinz or any Borrower prior to the time when the Obligations have been paid in full, each Affiliated Lender shall acknowledge and agree that it is an “insider” under Section 101(31) of the
Federal Bankruptcy Code and, as such, the claims associated with its Term Loans and its Term Commitments shall not be included in determining whether the applicable class of creditors holding such claims has voted to accept a proposed plan for
purposes of Section 1129(a)(10) of the Federal Bankruptcy Code, or, alternatively, to the extent that the foregoing designation is deemed unenforceable for any reason, each Affiliated Lender shall vote (and hereby irrevocably authorizes and
empowers the Administrative Agent so to vote on behalf of such Affiliated Lender) in such proceedings in the same proportion as the allocation of voting with respect to such matter by Lenders that are not Affiliated Lenders, except to the extent
that any plan of reorganization proposes to treat the Obligations held by such Affiliated Lender in a manner that is less favorable in any material respect to such Affiliated Lender than the proposed treatment of similar Obligations held by Lenders
that are not Affiliated Lenders. To give effect to the foregoing right of the Administrative Agent to vote on behalf of any Affiliated Lender with respect to the Obligations, each Lender that is an Affiliated Lender hereby constitutes and appoints
the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as such Affiliated Lender’s true and lawful
attorney-in-fact with full power and authority in the place of such Affiliated Lender and in the name of such Affiliated Lender or in its own name, to take any and all
appropriate action and to execute any and all documents and instruments as, in the opinion of such attorney, may be necessary or desirable to accomplish the purposes hereof, which appointment as attorney is irrevocable and coupled with an interest.

 (d) The provisions set forth in Sections 9.01(b), 9.01(c) and 9.01(d), and the related
provisions set forth in each Assignment and Assumption executed by an Affiliated Lender, constitute an irrevocable voting proxy coupled with a pledge in favor of the Administrative Agent with respect to voting obligations set forth in
Section 9.01(c). 
 (e) It is acknowledged and agreed that, in the event any Class of Term Loans is created
pursuant to Section 2.17, the limitations set forth herein with respect to ownership and voting rights of any Affiliated Lender shall be applicable, mutatis mutandis, with respect to the ownership of, or
voting rights relating to, Term Loans of such Class. 

  
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 SECTION 9.02 Notices, Etc. 

(a) Addresses. All notices and other communications provided for hereunder shall be in writing and mailed by certified or registered
mail, emailed or delivered by hand or overnight courier service, as follows: 
 (i) if to Kraft Heinz, the Parent Borrower or
any other Borrower: 
 c/o The Kraft Heinz Company 

200 East Randolph Street 

Chicago, Illinois 60601 

Attention: Treasurer 
 Email:
yang.xu@kraftheinz.com 
 with a copy to: 

c/o The Kraft Heinz Company 

200 East Randolph Street 

Chicago, Illinois 60601 

Attention: General Counsel 

Email: rashida.lalande@kraftheinz.com 

(ii) if to any Lender, to it at its address (or email) set forth in its Administrative Questionnaire delivered to the
Administrative Agent in connection herewith; 
 (iii) if to any Issuing Bank, to it at its address (or email) most recently
specified by it in a notice delivered to the Administrative Agent and the Parent Borrower (or, in the absence of any such notice, to the address (or email) set forth in the Administrative Questionnaire of the Lender that is serving as such Issuing
Bank or is an Affiliate thereof); and 
 (iv) if to the Administrative Agent, to JPMorgan Chase Bank, N.A., JPM
Loan & Agency Services, 500 Stanton Christiana Road, NCC 5, Floor 1, Newark, DE 19713-2107, Attention of Zohaib Nazir (email: zohaib.nazir@chase.com) with a copy to JPMorgan Chase Bank, N.A., JPM Loan & Agency Services, 500 Stanton
Christiana Road, NCC 5, Floor 1, Newark, DE 19713-2107, Attention of Yili Xu (email: yili.x.xu@chase.com); 
 or, as to Kraft Heinz, any Borrower or the
Administrative Agent, at such other address (or email) as shall be designated by such party in a written notice to the other parties and, as to each other party, at such other address (or email) as shall be designated by such party in a written
notice to the Parent Borrower and the Administrative Agent. 

  
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 Notices and other communications by the Administrative Agent to the Lenders and the Issuing
Banks hereunder may, in addition to email, be delivered or furnished by other electronic communications (including the Electronic System) pursuant to procedures approved by the Administrative Agent. Each Lender and Issuing Bank agrees that notice to
it specifying that a notice and other communications have been posted to the Electronic System shall constitute effective delivery of such notice or other communication to such Lender or Issuing Bank for purposes of the Loan Documents. Each Lender
and Issuing Bank agrees (a) to notify the Administrative Agent in writing (which could be in the form of electronic communication) from time to time of such Lender’s or Issuing Bank’s email to which any notice or communications may be
sent by electronic transmission and (b) that any notice or communication may be sent to such email address. 
 (b) Effectiveness of
Notices. Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; and unless the Administrative Agent otherwise prescribes,
(i) notices and other communications sent to an email address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available,
return email or other written acknowledgment); 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 Electronic System shall be deemed received upon the deemed receipt by the intended recipient at its email address as described in the
foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

(c) Electronic Systems. Each of the Borrowers, Kraft Heinz, the Lenders and the Issuing Banks agrees that the Administrative Agent may,
but shall not be obligated to, make any Communication by posting such Communication on an Electronic System. Any Electronic System used by the Administrative Agent is provided “as is” and “as available”. Neither the
Administrative Agent nor any of its Related Parties warrants, or shall be deemed to warrant, the adequacy of any Electronic System and the Administrative Agent expressly disclaims Liability for errors or omissions in the Communications or the
Electronic System. Neither the Administrative Agent nor any of its Related Parties is responsible for approving or vetting the representatives or contacts of any Lender or Issuing Bank that are added to any Electronic System. No warranty of any
kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made,
or shall be deemed to be made, by the Administrative Agent or any of its Related Parties in connection with the Communications or any Electronic System. In no event shall the Administrative Agent or any of its Related Parties have any liability to
Kraft Heinz, any Borrower, any Lender, any Issuing Bank or any other Person for Liabilities of any kind, including direct or indirect, special, incidental, consequential or punitive damages, losses or expenses (whether in tort, contract or
otherwise) arising out of Kraft Heinz’s, any Borrower’s or the Administrative Agent’s transmission of Communications through an Electronic System, except to the extent that such Liabilities are determined by a court of competent
jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of the Administrative Agent or any of its Related Parties. 

  
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 SECTION 9.03 No Waiver; Remedies. No failure on the part of any Lender, any Issuing
Bank or the Administrative Agent to exercise, and no delay in exercising, any right hereunder or under any Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further
exercise thereof or the exercise of any other right. The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder and under any other Loan Document are cumulative and are not exclusive of any rights or remedies
provided by law. Without limiting the generality of the foregoing, the execution and delivery of this Agreement, the making of any Loan or the issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether
the Administrative Agent, any Lender or any Issuing Bank or any of their respective Related Parties may have had notice or knowledge of such Default at the time. 

SECTION 9.04 Costs and Expenses; Breakage; Indemnification; Limitation of Liability. 

(a) Administrative Agent; Enforcement. Each of Kraft Heinz and the Parent Borrower jointly and severally agrees to pay on demand
(i) all reasonable costs and expenses of the Administrative Agent and the Revolving Arrangers in connection with the preparation, execution, delivery, administration (excluding any costs or expenses for administration related to the overhead of
the Administrative Agent), modification and amendment of this Agreement, any other Loan Document and the documents to be delivered hereunder or thereunder, including, without limitation, the reasonable and documented fees and out-of-pocket expenses of a single counsel for the Administrative Agent and the Revolving Arrangers with respect thereto and with respect to advising the Administrative Agent
as to its rights and responsibilities under this Agreement and the other Loan Documents (which, insofar as such costs and expenses relate to the preparation, execution and delivery of this Agreement and the other Loan Documents and the closing
hereunder, shall be limited to the reasonable and documented fees and expenses of Cravath, Swaine & Moore LLP), (ii) all reasonable costs and expenses incurred by any Issuing Bank in connection with the issuance, amendment or extension
of any Letter of Credit or any demand for payment thereunder and (iii) all costs and expenses of the Lenders, the Issuing Banks and the Administrative Agent, if any (including, without limitation, reasonable fees and expenses of the Lenders,
the Issuing Banks and the Administrative Agent for one primary counsel and one local counsel in each relevant jurisdiction), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement
(including the Guaranty), the other Loan Documents and the other documents to be delivered hereunder or thereunder. 
 (b) Prepayment of
Term Benchmark Loans. If any payment of principal of any Term Benchmark Loan is made other than on the last day of the Interest Period for such Loan or at its maturity, as a result of a payment pursuant to Section 2.10,
acceleration of the maturity of the Loans pursuant to Section 6.02, an assignment made as a result of a demand by the Parent Borrower pursuant to Section 9.07(a) or for any other reason, the Parent
Borrower shall, upon demand by any Lender (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses (excluding
loss of anticipated profits), costs or expenses which it may reasonably incur as a result of such payment, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or
reemployment of deposits or other funds acquired by any Lender to fund or maintain such Loan. 

  
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 (c) Indemnification. Each of Kraft Heinz and each Borrower jointly and severally
agrees to indemnify and hold harmless the Administrative Agent, each Revolving Arranger, each Issuing Bank and each Lender, each of their respective Affiliates and each of their and their respective Affiliates’ control Persons, directors,
officers, employees, representatives, advisers, attorneys and agents (each, an “Indemnified Party”) from and against any and all Liabilities and expenses (including, without limitation, reasonable fees and disbursements of counsel)
which may be incurred by or asserted against any Indemnified Party, in each case in connection with or arising out of, or in connection with the preparation for or defense of, any investigation, arbitration, litigation or proceeding
(i) relating to this Agreement, any other Loan Document or any of the other documents delivered hereunder or thereunder, the Loans, the Letters of Credit or any transaction or proposed transaction (whether or not consummated) in which any
proceeds of any Borrowing or any Letter of Credit are applied or proposed to be applied, directly or indirectly, by any Borrower (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit if the documents
presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), whether or not such Indemnified Party is a party to such transaction, or (ii) relating to Kraft Heinz’s or any Borrower’s
consummation of any transaction or proposed transaction contemplated hereby (whether or not consummated) or entering into this Agreement or any other Loan Document or to any actions or omissions of Kraft Heinz, any Borrower, any of their respective
Subsidiaries or other Affiliates or any of its or their respective officers, directors, employees or agents in connection therewith, in each case whether or not an Indemnified Party is a party thereto and whether or not such investigation,
arbitration, litigation or proceeding is brought by Kraft Heinz, any Borrower or any other Person; provided, however, that neither Kraft Heinz nor any Borrower shall be required to indemnify an Indemnified Party from or against any
portion of such Liabilities or expenses that is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from (i) the gross negligence, bad faith or willful
misconduct of such Indemnified Party, (ii) a dispute among the Lenders not arising out of acts or omissions of Kraft Heinz, any of the Borrowers or any of their respective Subsidiaries or other Affiliates (other than a dispute involving a claim
against an Indemnified Party for its acts or omissions in its capacity as, or in fulfilling its role as, an arranger, bookrunner, agent or similar role in respect of the credit facilities evidenced by this Agreement, except, with respect to this
clause (ii), to the extent such acts or omissions are determined by a court of competent jurisdiction by final and non-appealable judgment to have constituted the gross negligence, bad faith or willful
misconduct of such Indemnified Party in such capacity) or (iii) such Indemnified Party’s material breach of this Agreement. Notwithstanding anything to the contrary in any Loan Document, this Section 9.04(c) shall
not apply with respect to taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-tax claim. 

(d) Indemnification by Lenders. To the extent that Kraft Heinz and the Parent Borrower fail to pay any amount required to be paid by it
to the Administrative Agent (or any sub-agent thereof), any Issuing Bank or any Swingline Lender, or any Related Party of any of the foregoing Persons (and without limiting Kraft Heinz’ or the Parent
Borrower’s obligation to do so) under paragraph (a) or (c) of this Section, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), such Issuing Bank or the
Swingline Lender, or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that such
payment was incurred by or asserted against the Administrative Agent (or such sub-agent), such Issuing Bank or any Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing
Persons acting for the Administrative Agent (or any such sub-agent), any Issuing Bank or any Swingline Lender in connection with such capacity; provided further that, with respect to such unpaid
amounts owed to any Issuing Bank or any Swingline 

  
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Lender in its capacity as such, or to any Related Party of any Issuing Bank or any Swingline Lender acting for such Issuing Bank or such Swingline Lender in connection with such capacity, only
the Revolving Lenders shall be required to pay such unpaid amounts. For purposes of this Section, at any time, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Exposure, unused
Revolving Commitments and, except for purposes of the immediately preceding proviso, the outstanding Term Loans and unused Term Commitments, in each case, at such time (or most recently outstanding and in effect); provided that, for such
purpose, the Multicurrency Tranche Revolving Exposure of any Multicurrency Tranche Revolving Lender that is a Swingline Lender shall be deemed to exclude any amount of its Swingline Exposure in excess of its Multicurrency Tranche Revolving
Percentage of the sum of the US Dollar Equivalent Amounts of the aggregate principal amount of the outstanding Swingline Loans, adjusted to give effect to any reallocation under Section 2.19 of the Swingline Exposures
of Defaulting Lenders in effect at such time, and the unused Multicurrency Tranche Revolving Commitment of such Multicurrency Tranche Revolving Lender shall be determined on the basis of its Multicurrency Tranche Revolving Exposure excluding such
excess amount. 
 (e) Limitation of Liability. To the extent permitted by applicable law, (i) each party hereto agrees not to
assert, and each hereby waives, any Liabilities, on any theory of liability, against any other party hereto or any of their respective Affiliates or, in the case of Kraft Heinz and the Borrowers, against any Lender-Related Person for special,
indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, as a result
of, or in any way related to this Agreement, any other Loan Document or any related 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; provided that the foregoing shall not limit the indemnity and expense reimbursement obligations set forth in this Section or elsewhere in any
other Loan Document, and (ii) neither Kraft Heinz nor any Borrower shall assert, and each hereby waives, any claim against any Lender-Related Person, on any theory of liability, for any Liabilities of any kind arising from the use by
others of any information or other materials (including, without limitation, any personal data) obtained through telecommunications, electronic or other information transmission systems, including any Electronic Systems, in connection with this
Agreement, any other Loan Document or any related document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, or the transactions contemplated hereby or thereby. 

SECTION 9.05 Right of Set-Off. Upon (a) the occurrence and during the continuance of any
Event of Default and (b) the making of the request or the granting of the consent specified by Section 6.02 to authorize the Administrative Agent to declare the Loans due and payable pursuant to the provisions of
Section 6.02, each Lender is hereby authorized at any time and from time to time after providing written notice to the Administrative Agent of its intention to do so, to the fullest extent permitted by law, to set off and
apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or any of its Affiliates to or for the credit or the account of Kraft Heinz, the Parent
Borrower or any other Borrower against any and all of the obligations of Kraft Heinz, the Parent Borrower or any other Borrower now or hereafter existing under this Agreement or any other Loan Document, whether or not such Lender shall have made any
demand under this 

  
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Agreement or any other Loan Document and although such obligations may be unmatured. Each Lender shall promptly notify Kraft Heinz or the appropriate Borrower and the Administrative Agent after
any such set-off and application, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each
Lender and its Affiliates under this Section 9.05 are in addition to other rights and remedies (including, without limitation, other rights of set-off) that such Lender and its
Affiliates may have. 
 SECTION 9.06 Binding Effect; Survival. This Agreement shall be binding upon and inure to the benefit of each
of Kraft Heinz, the Borrowers, the Administrative Agent, each Lender and each Issuing Bank and their respective successors and assigns, except that, other than in accordance with Section 5.02(b), neither Kraft Heinz nor any
Borrower shall have the right to assign its rights or obligations hereunder or any other Loan Document, or any interest herein or therein, without the prior written consent of each of the 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 (including any branch or Affiliate of any Issuing Bank that issues any Letter of Credit) and, to the extent
expressly contemplated hereby, sub-agents of the Administrative Agent, the Revolving Arrangers, the Revolving Syndication Agents, the Indemnified Parties and the Related Persons of the foregoing) any legal or
equitable right, remedy or claim under or by reason of this Agreement. The agreements and obligations contained in Sections 2.02(c), 2.06(f), 2.08(c)(iii), 2.11, 2.13(e), 2.14,
2.20(g)(ii), 9.04, 9.17 and 9.19, the last sentence of 8.02 and Article VII shall survive the payment in full of principal and interest hereunder and the termination of the Commitments or
this Agreement. Notwithstanding the foregoing or anything else to the contrary set forth in this Agreement or any other Loan Document, in the event that, in connection with the refinancing or repayment in full of the credit facilities provided for
herein, an Issuing Bank shall have provided to the Administrative Agent a written consent to the release of the Multicurrency Tranche Revolving Lenders from their obligations hereunder with respect to any Letter of Credit issued by such Issuing Bank
(whether as a result of the obligations of any Borrower (and any other account party) in respect of such Letter of Credit having been collateralized in full by a deposit of cash with such Issuing Bank, or being supported by a letter of credit that
names such Issuing Bank as the beneficiary thereunder, or otherwise), then from and after such time such Letter of Credit shall cease to be a “Letter of Credit” outstanding hereunder for all purposes of this Agreement and the other Loan
Documents (including for purposes of determining whether Kraft Heinz and the Parent Borrower are required to comply with Article V, but excluding Sections 2.11, 2.14 and 9.04 and any expense reimbursement or
indemnity provisions set forth in any other Loan Document), and the Multicurrency Tranche Revolving Lenders shall be deemed to have no participations in such Letter of Credit, and no obligations with respect thereto, under
Section 2.20. 
 SECTION 9.07 Assignments and Participations. 

(a) Assignment of Lender Obligations. Each Lender may assign to one or more Persons all or a portion of its rights and obligations
under this Agreement (including, without limitation, all or a portion of its Commitments or Loans of any Class), subject to the following: 

(i) each such assignment shall be of a constant, and not a varying, percentage of all rights and obligations under this
Agreement (other than, except in the case of an assignment made pursuant to Section 9.07(h), any Competitive Bid Loans owing to such Lender or any Competitive Bid Notes held by it), provided that this clause (i)
shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans; 

  
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 (ii) the amount of the Commitment or Loans of any Class of the
assigning Lender being assigned pursuant to each such assignment (determined as of the date of the Assignment and Assumption with respect to such assignment) shall in no event, other than with respect to assignments to another Lender or an Affiliate
of a Lender or an assignment of the entire remaining amount of the Commitment or Loans of such Class of such Lender, be less than US$10,000,000, subject in each case to reduction at the sole discretion of the Parent Borrower, and shall be an
integral multiple of US$1,000,000; 
 (iii) each such assignment shall be to an Eligible Assignee; provided that if
such Eligible Assignee is an Affiliated Lender, (A) such assignment may only be an assignment of Term Loans (and not of Revolving Commitments, Revolving Loans or Competitive Bid Loans) and (B) after giving effect thereto, the Affiliated
Lender Limitation shall be satisfied; 
 (iv) each such assignment shall require the prior written consent of (x) the
Administrative Agent, (y) in the case of any assignment of all or a portion of a Multicurrency Tranche Revolving Commitment or any Multicurrency Tranche Revolving Lender’s obligations in respect of its Letter of Credit Exposure or its
Swingline Exposure, each Issuing Bank and/or each Swingline Lender, as applicable, and (z) unless an Event of Default under Section 6.01(a) or 6.01(e) has occurred and is continuing, the Parent Borrower
(such consents not to be unreasonably withheld or delayed and such consents by the Parent Borrower shall be deemed to be given if no objection is received by the assigning Lender and the Administrative Agent from the Parent Borrower within ten
Business Days after notice of such proposed assignment has been delivered to the Parent Borrower); provided, that no consent of the Administrative Agent or the Parent Borrower shall be required for (1) in the case of any assignment of
all or a portion of any Revolving Commitment, any Revolving Loan or any Multicurrency Tranche Revolving Lender’s obligations in respect of its Letter of Credit Exposure or Swingline Exposure, an assignment to another Revolving Lender or an
Affiliate of a Revolving Lender or (2) in the case of any assignment of all or a portion of any Term Commitment or any Term Loan, an assignment to another Lender or an Affiliate of a Lender; 

(v) the parties to each such assignment shall execute and deliver to the Administrative Agent, for its acceptance and recording
in the Register, an Assignment and Assumption (or an agreement incorporating by reference a form of Assignment and Assumption posted on an Electronic System), together with a processing and recordation fee of US$3,500 (which fee may be waived by the
Administrative Agent in its sole discretion), provided, that if such assignment is made pursuant to Section 9.07(h), the Parent Borrower shall pay or cause to be paid such US$3,500 fee; and 

(vi) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in
which the assignee designates one or more credit contacts to whom all syndicate-level information (which may contain MNPI) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and
applicable laws, including Federal and state securities laws. 

  
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 Subject to acceptance and recording thereof pursuant to paragraph (c) of this Section, from and after
the effective date specified in each Assignment and Assumption, (x) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Assumption,
have the rights and obligations of a Lender hereunder and (y) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Assumption, relinquish its rights
(other than those provided under Section 9.04 and, with respect to the period during which it is a Lender, Sections 2.02(c), 2.06(f), 2.11, and 2.14) and be released from its obligations under
this Agreement (and, in the case of an Assignment and Assumption covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be
entitled to the benefits of Sections 2.02(c), 2.06(f), 2.11, 2.14 and 9.04), other than Section 9.12. 

(b) Assignment and Assumption. By executing and delivering an Assignment and Assumption, the assigning Lender and the assignee
thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Assumption, such assigning Lender makes no representation or warranty and assumes no responsibility with
respect to any statements, warranties or representations made in or in connection with this Agreement or any other Loan Document or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement, any other
Loan Document or any other instrument or document furnished pursuant hereto or thereto; (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of Kraft Heinz or any
Borrower or the performance or observance by Kraft Heinz or any Borrower of any of its obligations under this Agreement or any other Loan Document or any other instrument or document furnished pursuant hereto or thereto; (iii) such assignee
makes the representations and warranties and agreements set forth in such Assignment and Assumption, (iv) in the case of such assignee that is an Affiliated Lender, such assignee represents and warrants that the Affiliated Lender Limitation
shall be satisfied as of the effective date of such assignment after giving effect thereto, (v) in the case of any assignee that is an Affiliated Lender, in the event such assignee becomes aware that the Affiliate Lender Limitation has been
exceeded, it shall promptly notify the Administrative Agent thereof and shall, in coordination with the other Lenders that are Affiliated Lenders, promptly take such steps (including assignment and transfer of Term Loans) as shall be required to
eliminate such excess), and (vi) in the case of any assignee that is an Affiliated Lender, such assignee has disclosed to the assignor Lender (and, in the case of any assignments and transfers that shall have been intermediated by a third
party, to the original assignor Lender in respect thereof) that it is an Affiliated Lender. It is understood and agreed that the Administrative Agent and each assignor Lender shall be entitled to rely, and shall incur no liability for relying, upon
the representations and warranties of an assignee that is an Affiliated Lender set forth in this Section and in the applicable Assignment and Assumption. 

(c) Administrative Agent’s Acceptance. Upon receipt by the Administrative Agent of an Assignment and Assumption (or
an agreement incorporating by reference a form of Assignment and Assumption posted on an Electronic System) executed by an assigning Lender and an assignee and the assignee’s completed Administrative Questionnaire (unless the assignee

  
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shall already be a Lender hereunder) and the processing and recordation fee referred to in this Section, the Administrative Agent shall accept such Assignment and Assumption and record the
information contained therein in the Register; provided that the Administrative Agent shall not be required to accept such Assignment and Assumption or so record the information contained therein if the Administrative Agent reasonably
believes that such Assignment and Assumption lacks any written consent required by this Section or is otherwise not in proper form, it being acknowledged that the Administrative Agent shall have no duty or obligation (and shall incur no Liability)
with respect to obtaining (or confirming the receipt) of any such written consent or with respect to the form of (or any defect in) such Assignment and Assumption, any such duty and obligation being solely with the assigning Lender and the assignee.
No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. Each assigning Lender and the assignee, by its execution and delivery of an Assignment and Assumption, shall
be deemed to have represented to the Administrative Agent that all written consents required by this Section with respect thereto (other than the consent of the Administrative Agent) have been obtained and that such Assignment and Assumption is
otherwise duly completed and in proper form, and each assignee, by its execution and delivery of an Assignment and Assumption, shall be deemed to have represented to the assigning Lender and the Administrative Agent that such assignee is an Eligible
Assignee. 
 (d) Register. The Administrative Agent, acting for this purpose as a
non-fiduciary agent of Kraft Heinz and the Borrowers, shall maintain at one of its offices in the United States a copy of each Assignment and Assumption delivered to and accepted by it and a register for the
recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Loans owing to, each Lender from time to time (the “Register”). The entries in the Register shall be conclusive and binding for
all purposes, absent manifest error, and Kraft Heinz, the Borrowers, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall
be available for inspection by Kraft Heinz, any Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice. 

(e) Sale of Participation. Each Lender may sell participations to one or more Eligible Assignees (other than an Affiliated Lender)
(each, a “Participant”) in or to all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Commitment of any Class, the Loans of any Class owing to it and any
Note or Notes held by it), subject to the following: 
 (i) such Lender’s obligations under this Agreement (including,
without limitation, its Commitment hereunder) shall remain unchanged; 
 (ii) such Lender shall remain solely responsible to
the other parties hereto for the performance of such obligations; 
 (iii) Kraft Heinz, the Parent Borrower, the other
Borrowers, the Administrative Agent, the other Lenders and the Issuing Banks shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement; 

  
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 (iv) each Participant shall be entitled to the benefits of
Sections 2.11 and 2.14 (subject to the limitations and requirements of those Sections, including the requirements to provide forms and/or certificates pursuant to Sections 2.14(e),
2.14(f) or 2.14(g)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (a) of this Section; 

(v) no Participant under any such participation shall have any right to approve any amendment or waiver of any provision of
this Agreement or any other Loan Document, or any consent to any departure by Kraft Heinz or any Borrower therefrom, except any amendment, waiver or consent described in clauses (B), (C), (D) or (H) of the first proviso to
Section 9.01(a) that affects such Participant; and 
 (vi) a Participant shall not be entitled to
receive any greater payment under Sections 2.11 and 2.14 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation
to such Participant is made with the Parent Borrower’s or the relevant other Borrower’s prior written consent (not to be unreasonably withheld or delayed). 

Each Lender that sells a participation shall maintain a register on which it enters the name and address of each Participant and the principal
amounts (and stated interest) of each Participant’s interest in the Loans, Letters of Credit or other obligations under this Agreement (the “Participant Register”). The entries in the Participant Register shall be conclusive
absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. Without limiting or
expanding any Lender’s obligations under Section 2.14(e), no Lender shall have any obligation to disclose all or any portion of a Participant Register to any Person (including the identity of any Participant or any
information relating to a Participant’s interest in any Commitments, Loans or its other obligations under this Agreement) except to the extent that such disclosure is necessary to establish that such Commitment, Loan or other obligation is in
registered form under Section 5f.103(c) of the United States Treasury Regulations or, if different, under Sections 871(h) or 881(c) of the Code. 

(f) Disclosure of Information. Any Lender may, in connection with any assignment or participation or proposed assignment or
participation pursuant to this Section 9.07, disclose to the assignee or Participant or proposed assignee or Participant, any information relating to Kraft Heinz or any Borrower furnished to such Lender by or on behalf of
Kraft Heinz or any Borrower; provided that, prior to any such disclosure, the assignee or Participant or proposed assignee or Participant shall agree to preserve the confidentiality of any confidential information relating to Kraft Heinz, any
Borrower or any of their respective Subsidiaries received by it from such Lender. 
 (g) Security Interest. Any Lender may at any
time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any other central bank,
and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such
pledgee or assignee for such Lender as a party hereto. 
  

  
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 (h) Replacement of Lenders. In the event that (i) any Lender shall have
delivered a notice pursuant to Section 2.12, (ii) any Borrower shall be required to make additional payments to or for the account of any Lender under Section 2.11 or 2.14,
(iii) any Lender (a “Non-Consenting Lender”) shall withhold its consent to any amendment, waiver or consent that requires the consent of all the Lenders or all affected Lenders (or all
Lenders or all affected Lenders of any Class) and that has been consented to by the Required Lenders (or a Majority in Interest of the Lenders of such Class), (iv) any Lender shall be a Defaulting Lender or (v) any Lender shall be a Non-Extending Lender, the Parent Borrower shall have the right, at its own expense, upon notice to such Lender and the Administrative Agent, (A) except in the case of clause (v), to terminate the
Commitments (or the Commitment of the applicable Class) of such Lender or (B) to require such Lender to transfer and assign at par and without recourse (in accordance with and subject to the restrictions contained in
Section 9.07) all its interests, rights and obligations under this Agreement and the other Loan Documents (or all its interests, rights and obligations as a Lender of the applicable Class) to one or more other Eligible
Assignees approved by the Administrative Agent and, if a Multicurrency Tranche Revolving Commitment, Letter of Credit Exposure or Swingline Exposure is being assigned, each Issuing Bank and/or each Swingline Lender, as applicable (each such approval
not to be unreasonably withheld, delayed or conditioned), which shall assume such obligations; provided, that (x) in the case of any replacement of a Non-Consenting Lender, each assignee shall have
consented to the relevant amendment, waiver or consent, (y) no such termination or assignment shall conflict with any law or any rule, regulation or order of any Governmental Authority and (z) the Borrowers or the assignee (or assignees),
as the case may be, shall pay to such Lender in immediately available funds on the date of such termination or assignment the principal of and interest accrued to the date of payment on the Loans and funded participations in Letter of Credit
Disbursements made by it hereunder and all other amounts accrued for its account or owed to it hereunder (if applicable, in each case only to the extent such amounts relate to its interest as a Lender of the applicable Class). The Parent Borrower
will not have the right to terminate any Commitment of any Lender, or to require any Lender to assign its rights and interests hereunder, if, prior to such termination or assignment, as a result of a waiver by such Lender or otherwise, the
circumstances entitling the Parent Borrower to require such termination or assignment cease to apply. Each Lender agrees that, if the Parent Borrower elects to replace such Lender in accordance with this Section 9.07(h), it
shall promptly execute and deliver to the Administrative Agent an Assignment and Assumption to evidence the assignment and shall deliver to the Administrative Agent any Note (if Notes have been issued in respect of such Lender’s Loans) subject
to such Assignment and Assumption; provided that the failure of any such Lender to execute an Assignment and Assumption shall not render such assignment invalid and such assignment shall be recorded in the Register. 

SECTION 9.08 Designated Subsidiaries. 

(a) Designation. The Parent Borrower may at any time, and from time to time after the Closing Date, by delivery to the Administrative
Agent of a Designation Agreement duly executed by the Parent Borrower and the applicable Subsidiary and substantially in the form of Exhibit D hereto, designate any wholly-owned Subsidiary as a “Designated Subsidiary” for purposes of
this Agreement and such Subsidiary shall thereupon, but subject to the satisfaction of the conditions precedent set forth in Section 3.02, become a “Designated Subsidiary” for purposes of this Agreement and shall
have all of the rights and obligations of a Borrower hereunder. The Administrative Agent shall promptly notify each Lender of each such designation by the Parent Borrower and the identity of the applicable Subsidiary. 

  
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 Notwithstanding the foregoing, (a) no Lender or Issuing Bank shall be required to make
Loans to, or issue Letters of Credit for the account of, a Designated Subsidiary in the event that the making of such Loans or issuance of such Letters of Credit would or could reasonably be expected to breach, violate or otherwise be inconsistent
with any internal policy (other than with respect to Designated Subsidiaries formed under the laws of any nation that is a member of the Organization for Economic Cooperation and Development as of the date hereof), law or regulation to which such
Lender or Issuing Bank is, or would be upon the making of such Loan or issuance of such Letters of Credit, subject and (b) no Term Lender shall be required to make any Term Loan to a Designated Subsidiary. In addition, each Lender shall have
the right to make any Loans to any Designated Subsidiary that is a Foreign Subsidiary through an Affiliate or non-U.S. branch of such Lender designated by such Lender at its sole option; provided such
designation and Loan does not, in and of itself, subject the Borrowers to greater costs pursuant to Section 2.11 or 2.14 than would have been payable if such Lender made such Loan directly. 

(b) Termination. Upon the payment and performance in full of all of the indebtedness, liabilities and obligations under this Agreement
of any Designated Subsidiary (and no Letter of Credit issued for the account of such Designated Subsidiary being outstanding), and so long as at the time no Notice of Committed Borrowing, Notice of Swingline Borrowing or Notice of Competitive Bid
Borrowing in respect of such Designated Subsidiary is outstanding, such Subsidiary’s status as a “Designated Subsidiary” shall terminate upon notice to such effect from the Administrative Agent to the Lenders (which notice the
Administrative Agent shall give promptly, upon and only upon its receipt of a request therefor from the Parent Borrower). Thereafter, the Lenders shall be under no further obligation to make any Loan to, the Issuing Banks shall be under no further
obligation to issue or extend Letters of Credit and the Swingline Lenders shall be under no further obligation to make Swingline Loans for the account of, such former Designated Subsidiary until such time as it has been redesignated a Designated
Subsidiary by the Parent Borrower pursuant to Section 9.08(a). 
 (c) Parent Borrower as Agent. Each
Designated Subsidiary hereby irrevocably appoints the Parent Borrower as its agent for all purposes of this Agreement and the other Loan Documents, including (a) the giving and receipt of notices (including any Notice of Borrowing, Notice of
Conversion/Continuation, Notice of Swingline Borrowing and Notice of Issuance) and (b) the execution and delivery of all documents, instruments and certificates contemplated herein. Each Designated Subsidiary hereby acknowledges that any
amendment or waiver of, or any consent with respect to, this Agreement may be effected as set forth in Section 9.01, that no consent of such Designated Subsidiary shall be required to effect any such amendment, waiver or
consent modification and that such Designated Subsidiary shall be bound by this Agreement as so amended, waived or otherwise modified. 

  
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 SECTION 9.09 Governing Law. THIS AGREEMENT, THE NOTES AND, EXCEPT AS EXPRESSLY
PROVIDED OTHERWISE IN SUCH LOAN DOCUMENT, EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CHOICE OF LAW DOCTRINES. 

SECTION 9.10 Execution in Counterparts; Electronic Execution. (a) This Agreement may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

(b) Delivery of an executed counterpart of a signature page of this Agreement, any other Loan Document and/or any document, amendment,
approval, consent, information, notice (including any notice delivered pursuant to Section 9.02), certificate, request, statement, disclosure or authorization relating to this Agreement, any other Loan Document and/or the
transactions contemplated hereby and/or thereby (each, an “Ancillary Document”) that is an Electronic Signature transmitted by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page
shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan Document or such Ancillary Document, as applicable. The words “execution”, “signed”, “signature”, “delivery”
and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by
emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the
use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and
Records Act or any other similar state laws based on the Uniform Electronic Transactions Act; provided that nothing herein shall require the Administrative Agent to accept Electronic Signatures in any form or format without its prior written
consent and pursuant to procedures approved by it; provided further, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any Electronic Signature, the Administrative Agent, each Lender
and each Issuing Bank shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of Kraft Heinz and any Borrower without further verification thereof and without any obligation to review the appearance or form of any
such Electronic Signature and (ii) upon the request of the Administrative Agent, any Lender or any Issuing Bank, any Electronic Signature shall be promptly followed by a manually executed counterpart. Without limiting the generality of the
foregoing, each of Kraft Heinz and the Borrowers hereby (A) agrees that, for all purposes, including, without limitation, in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the
Administrative Agent, the Lenders, the Issuing Banks, Kraft Heinz and the Borrowers, Electronic Signatures transmitted by emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic
images of this Agreement, any other Loan Document and/or any Ancillary Document (in each case, including with respect to any signature pages thereto) shall have the same legal effect, validity and enforceability as any paper original,
(B) agrees that the Administrative Agent, each Lender and each Issuing Bank may, at its option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any
format, which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal
effect, validity and 

  
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enforceability as a paper record), (C) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document and/or any
Ancillary Document based solely on the lack of paper original copies of this Agreement, such other Loan Document and/or such Ancillary Document, respectively, including with respect to any signature pages thereto and (D) waives any claim
against any Lender-Related Person for any Liabilities or expenses of any kind arising solely from the Administrative Agent’s, any Lender’s and/or any Issuing Bank’s reliance on or use of Electronic Signatures and/or transmissions by
emailed .pdf or any other electronic means that reproduces an image of an actual executed signature page, including any Liabilities or expenses of any kind arising as a result of the failure of Kraft Heinz or any Borrower to use any available
security measures in connection with the execution, delivery or transmission of any Electronic Signature. 
 SECTION 9.11 Jurisdiction,
Etc. 
 (a) Submission to Jurisdiction; Service of Process. Each of the parties hereto hereby irrevocably and unconditionally
submits, for itself and its property, to the jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any
thereof, in any action or proceeding arising out of or relating to any Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any
such action or proceeding shall be heard and determined exclusively in such United States District Court or, if that court does not have subject matter jurisdiction, such Supreme Court; provided that, notwithstanding the foregoing,
(i) the Administrative Agent, the Lenders and the Issuing Banks shall retain the right to bring any such action or proceeding against any Designated Subsidiary that is a Foreign Subsidiary in the jurisdiction of organization or existence of
such Designated Subsidiary and (ii) each of the parties hereto shall retain the right to bring any such action or proceeding in the courts of any other jurisdiction in connection with the enforcement of any judgment. Each of the Designated
Subsidiaries hereby agrees that service of process in any such action or proceeding brought in any such court may be made upon the Process Agent, and each Designated Subsidiary hereby irrevocably appoints the Process Agent as its authorized agent to
accept such service of process, and agrees that the failure of the Process Agent to give any notice of any such service shall not impair or affect the validity of such service or of any judgment rendered in any action or proceeding based thereon.
Each of the parties hereto further irrevocably consents to the service of process in any such action or proceeding in any such court by the mailing thereof by any other parties hereto by registered or certified mail, postage prepaid, to such party
hereto at its address specified pursuant to Section 9.02. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on
the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that any party may otherwise have to serve legal process in any other manner permitted by law. 

(b) Appointment of Process Agent. Each of the Designated Subsidiaries hereby appoints Kraft Heinz, and Kraft Heinz hereby accepts such
appointment, as its process agent (the “Process Agent”) from the Closing Date through the repayment in full of all Obligations, the termination of all the Commitments and the reduction of Letter of Credit Exposure to zero
(i) to receive, accept and acknowledge on behalf of such Designated Subsidiary and its property service 

  
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of copies of the summons and complaint and any other process which may be served in any action or proceeding arising out of or relating to this Agreement or any other Loan Document and
(ii) to forward forthwith to such Designated Subsidiary at its address copies of any summons, complaint and other process which the Process Agent receives in connection with its appointment. Such service may be made by mailing or delivering a
copy of such process to any Designated Subsidiary in care of the Process Agent at the Process Agent’s address used for purposes of giving notices under Section 9.02, and each Designated Subsidiary hereby irrevocably
authorizes and directs the Process Agent to accept, and the Process Agent hereby agrees to accept, such service on its behalf. 
 (c)
Waivers. 
 (i) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (a)
of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(ii) WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE
OF ACTION BASED UPON OR ARISING UNDER THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE OF THIS
WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE 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 THE OTHER LOAN DOCUMENTS AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND
VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS
SECTION 9.11(c) AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR TO ANY OTHER LOAN DOCUMENT 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. 

  
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 (iii) In the event any Designated Subsidiary or any of its assets has or
hereafter acquires, in any jurisdiction in which judicial proceedings may at any time be commenced with respect to this Agreement, any other Loan Document or any related document, any immunity from jurisdiction, legal proceedings, attachment
(whether before or after judgment), execution, judgment or setoff, such Designated Subsidiary hereby irrevocably agrees not to claim and hereby irrevocably and unconditionally waives such immunity. 

SECTION 9.12 Confidentiality. None of the Administrative Agent, the Issuing Banks or the Lenders shall disclose any confidential
information relating to Kraft Heinz, the Parent Borrower or any other Borrower to any other Person without the consent of the Parent Borrower, other than (a) to the Administrative Agent’s, such Issuing Bank’s or such Lender’s
Affiliates and its and their respective Related Parties, advisors or independent accountants and, as contemplated by Section 9.07(f), to actual or prospective assignees and Participants, and then, in each such case, only on
a confidential basis; provided, however, that such actual or prospective assignee or Participant shall have been made aware of this Section 9.12 and shall have agreed to be bound by confidentiality provisions
at least as restrictive as the provisions hereof, (b) as required by any law, rule or regulation or judicial process, (c) as requested or required by any state, federal or foreign authority or examiner regulating banks or banking or other
financial institutions, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies under this Agreement, any other Loan Document or any related document or any suit, action or proceeding relating to this
Agreement, any other Loan Document or any related document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section 9.12,
any actual or prospective party (and its advisors) to any swap, derivative, or other transaction under which payments are to be made by reference to Kraft Heinz or any Borrower and their respective obligations, this Agreement or payments hereunder,
(g) to any actual or prospective credit insurance provider or its Related Parties relating to Kraft Heinz or any Borrower and their respective obligations under this Agreement or otherwise, (h) to the extent such information becomes
publicly available other than as a result of a breach of this Section 9.12 and (i) solely with respect to information about this Agreement or any other Loan Document, to market data collectors and service providers,
including league table providers, that serve the lending industry. 
 SECTION 9.13 Integration. This Agreement, the other Loan
Documents and any letter agreements with respect to fees payable by any Borrower in connection with the credit facilities established hereunder constitute the entire contract among the parties hereto relating to the subject matter hereof and
supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof, including the commitments of the Lenders and, if applicable, their Affiliates with respect to the credit facilities established
hereunder under any commitment letter or any commitment advices submitted by any Lender (but do not supersede any provisions of any such commitment letter that by the terms thereof survive the effectiveness of this Agreement, all of which provisions
shall remain in full force and effect). 

  
 -126- 

 SECTION 9.14 Severability. To the fullest extent permitted by law, any provision of
this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions hereof; and, to the fullest extent permitted by law, the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

SECTION 9.15 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are
not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 9.16 USA Patriot Act Notice. The Administrative Agent and each Lender hereby notifies the Borrowers and Kraft Heinz that
pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record
information that identifies the Borrowers and Kraft Heinz, which information includes the name and address of each Borrower and Kraft Heinz and other information that will allow such Lender to identify each Borrower and Kraft Heinz in accordance
with the Patriot Act. 
 SECTION 9.17 Conversion of Currencies. 

(a) If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder or under any other Loan Document
in one currency into another currency, each party hereto (including Kraft Heinz and each Borrower) agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking
procedures in the relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given. 

(b) The obligations of Kraft Heinz and each Borrower in respect of any sum due to any other party hereto under this Agreement or any other
Loan Document (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder or under such other Loan
Document (the “Agreement Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in
accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor in
the Agreement Currency, Kraft Heinz and such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss. 

SECTION 9.18 Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to
any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”)
which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect
thereof, shall be limited to the Maximum Rate and, to the extent 

  
 -127- 

 
lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section 9.18 shall be
cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon to the date of payment at,
for any day, (a) with respect to any amount denominated in US Dollars, the NYFRB Rate and (b) with respect to any amount denominated in any other currency, an overnight rate determined by such Lender in accordance with banking industry
rules on interbank compensation, shall have been received by such Lender. 
 SECTION 9.19 No Fiduciary Relationship. Kraft Heinz and
each Borrower, on behalf of itself and its Subsidiaries, agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith, Kraft Heinz, the Borrowers and their Subsidiaries, on the one
hand, and the Administrative Agent, the Lenders, the Issuing Banks and their Affiliates, on the other hand, will have a business relationship that does not create, by implication or otherwise, any fiduciary duty on the part of the Administrative
Agent, the Lenders, the Issuing Banks or their Affiliates, and no such duty will be deemed to have arisen in connection with any such transactions or communications. The Administrative Agent, each Lender, each Issuing Bank and their respective
Affiliates may have economic interests that conflict with those of Kraft Heinz, the Borrowers, their equityholders and/or their Affiliates. 

SECTION 9.20 Non-Public Information. Each Lender acknowledges that all information, including
requests for waivers and amendments, furnished by Kraft Heinz or the Borrowers or the Administrative Agent pursuant to or in connection with, or in the course of administering, this Agreement will be syndicate-level information, which may contain
MNPI. Each Lender represents to the Borrowers and the Administrative Agent that (a) it has developed compliance procedures regarding the use of MNPI and that it will handle MNPI in accordance with such procedures and applicable law, including
Federal, state and foreign securities laws, and (b) it has identified in its Administrative Questionnaire a credit contact who may receive information that may contain MNPI in accordance with its compliance procedures and applicable law,
including Federal, state and foreign securities laws. 
 SECTION 9.21 Acknowledgement and Consent to
Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any related agreement, arrangement or understanding among the parties hereto, each party
hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges
and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by the applicable Resolution
Authority to any such liabilities arising hereunder that may be payable to it by any party hereto that is an Affected Financial Institution; and 

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

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

  
 -128- 

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

[Remainder of Page Left Blank Intentionally] 
  

  
 -129- 

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

			
	THE KRAFT HEINZ COMPANY,
		
	By:	 	 /s/ Yang Xu

		 	Name: Yang Xu
		 	Title:   Treasurer
	
	KRAFT HEINZ FOODS COMPANY,
		
	By:	 	 /s/ Yang Xu

		 	Name: Yang Xu
		 	Title:   Treasurer

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 
			
	 JPMORGAN CHASE BANK, N.A.,

individually and as Administrative Agent, an Issuing Bank and a Swingline Lender,

		
	by	 	 /s/ James Kyle O’Donnell

		 	Name: James Kyle O’Donnell
		 	Title:   Vice President

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	BANK OF AMERICA, N.A. 
		
	        by	 	/s/ J. Casey Cosgrove
		 	Name: J. Casey Cosgrove
		 	Title:   Managing Director

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	BARCLAYS BANK PLC: 
		
	        by	 	/s/ Ritam Bhalla
		 	Name: Ritam Bhalla
		 	Title:   Director

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Name of Institution: CITIBANK, N.A.
		
	        by	 	/s/ Richard Rivera
		 	Name: Richard Rivera
		 	Title:   Vice President

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Name of Institution:
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	        by	 	/s/ Ming K. Chu
		 	Name: Ming K. Chu
		 	Title:   Director
	
	 For any Lender requiring a second signature line:

		
	        by	 	/s/ Douglas Darman
		 	Name: Douglas Darman
		 	Title:   Directors

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Name of Institution:
	Morgan Stanley Bank, N.A.
		
	        by	 	/s/ Michael King
		 	Name: Michael King
		 	Title:   Authorized Signatory
	
	 For any Lender requiring a second signature line:

Morgan Stanley Senior Funding, Inc.

		
	        by	 	/s/ Michael King
		 	Name: Michael King
		 	Title:   Vice President

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Name of Institution:
	ROYAL BANK OF CANADA
		
	        by	 	/s/ John Flores
		 	Name: John Flores
		 	Title:   Authorized Signatory

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Wells Fargo Bank, N.A.:
		
	        by	 	 /s/ Teddy Koch

		 	Name: Teddy Koch
		 	Title:   Managing Director

 [SIGNATURE PAGE TO KRAFT HEINZ CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  
  

			
	Name of Institution: Credit Agricole
 Corporate and Investment Bank

 

	        by	 	 /s/ Jaime Frontera

		 	Name: Jaime Frontera
		 	Title:   Managing Director
		 	    
	        by	 	 /s/ Gordon Yip

		 	Name: Gordon Yip
		 	Title:   Director

 [SIGNATURE PAGE TO KRAFT HEINZ CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Name of Institution:
 CREDIT SUISSE AG, NEW YORK BRANCH

 

	        by	 	 /s/ Doreen Barr

		 	Name: Doreen Barr
		 	Title:   Authorized Signatory
		
	        by	 	 /s/ Michael Dieffenbacher

		 	Name: Michael Dieffenbacher
		 	Title:   Authorized Signatory

 [SIGNATURE PAGE TO KRAFT HEINZ CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	 Banco Santander, S.A., New York Branch 

	        by	 	 /s/ Pablo Urgoiti

		 	Name: Pablo Urgoiti
		 	Title:   Managing Director
		
	        by	 	 /s/ Andres Barbosa

		 	Name: Andres Barbosa
		 	Title:   Managing Director

 [SIGNATURE PAGE TO KRAFT HEINZ CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	 BNP Paribas: 

	        by	 	 /s/ David Foster

		 	Name: David Foster
		 	Title:   Director
		
	        by	 	 /s/ Michael Pearce

		 	Name: Michael Pearce
		 	Title:   Managing Director

 [SIGNATURE PAGE TO KRAFT HEINZ CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	GOLDMAN SACHS BANK USA
		
	        by	 	
		 	       /s/ Ananda DeRoche

		 	Name: Ananda DeRoche
		 	Title:   Authorized Signatory

 [SIGNATURE PAGE TO KRAFT HEINZ CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Name of Institution: HSBC Bank USA,
	National Association
		
	        by	 	
		 	       /s/ Virginia Cosenza

		 	Name: Virginia Cosenza
		 	Title:   Vice President #23310

 [SIGNATURE PAGE TO KRAFT HEINZ CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	MIZUHO BANK, LTD.
		
	        by	 	
		 	       /s/ John Davies

		 	Name: John Davies
		 	Title:   Authorized Signatory

 [SIGNATURE PAGE TO KRAFT HEINZ CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Name of Institution: MUFG Bank, LTD.
		
	        by	 	
		 	       /s/ Reema Sharma

		 	Name: Reema Sharma
		 	Title:   Director

 [SIGNATURE PAGE TO KRAFT HEINZ CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	 Name of Institution:
 Sumitomo
Mitsui Banking Corporation

		
	        by	 	
		 	       /s/ Rosa Pritsch

		 	Name: Rosa Pritsch
		 	Title:   Director

 [SIGNATURE PAGE TO KRAFT HEINZ CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	 Name of Institution: THE TORONTO-DOMINION BANK, NEW YORK BRANCH

		
	        by	 	       /s/ Michael Borowiecki

		 	  Name: Michael Borowiecki

 Title:   Authorized Signatory

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	 Name of Institution: U.S. Bank National Association

		
	        by	 	       /s/ Michael P. Dickman

		 	  Name: Michael P. Dickman
  Title:
  Senior Vice President

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	 Name of Institution: AgFirst Farm Credit Bank

		
	        by	 	      /s/ Christopher Reynolds
		 	  Name: Christopher Reynolds

 Title:   Vice President

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	 Name of Institution:
 CITIZENS BANK,
N.A.

		
	        by	 	      /s/ A. Paul Dawley
		 	  Name: A. Paul Dawley

 Title:   Senior Vice President

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Name of Institution: CoBank, ACB
		
	        by	 	      /s/ John B. Trawick
		 	  Name: John B. Trawick

 Title:   Vice President

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Name of Institution: Commerzbank AG, New York Branch
		
	        by	 	       /s/ Pedro Bell

		 	Name: Pedro Bell
		 	Title:   Managing Director
		
	        by	 	       /s/ Majed Roz

		 	Name: Majed Roz
		 	Title:   Director

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	 COÖPERATIEVE RABOBANK U.A.,

NEW YORK BRANCH

		
	by	 	       /s/ Michael Falter

		 	Name: Michael Falter
		 	Title:   Managing Director
		
	by	 	       /s/ Shane Koonce

		 	Name: Shane Koonce
		 	Title:   Executive Director

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Name of Institution: ING Bank N.V., Dublin, Branch
		
	        by	 	       /s/ Ciaran Dunne

		 	Name: Ciaran Dunne
		 	Title:   Director
	
	For any Lender requiring a second signature line:
		
	        by	 	       /s/ Louise Gough

		 	Name: Louise Gough
		 	Title:   Vice President

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SIGNATURE PAGE 

TO THE CREDIT AGREEMENT 
 OF KRAFT
HEINZ FOODS COMPANY 
  

			
	Intesa Sanpaolo S.p.A., New York Branch
		
	        by	 	       /s/ Jordan Schweon

		 	Name: Jordan Schweon
		 	Title:   Managing Director
		
	        by	 	       /s/ Alessandro Toigo

		 	Name: Alessandro Toigo
		 	Title:   Head of Corporate Desk

 [SIGNATURE PAGE TO KRAFT HEINZ
CREDIT AGREEMENT] 

 SCHEDULE 2.01 

Schedule 2.01 
 Lenders and
Commitments 
  

													
	 Lender
	  	Revolving Commitment	 	  	Total	 
	  	Multicurrency
Tranche Revolving
Commitment	 	  	US Tranche
Revolving
Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	US$	277,500,000	 	  	US$	0	 	  	US$	277,500,000	 
	 Bank of America, N.A.
	  	US$	277,500,000	 	  	US$	0	 	  	US$	277,500,000	 
	 Barclays Bank PLC
	  	US$	277,500,000	 	  	US$	0	 	  	US$	277,500,000	 
	 Citibank, N.A.
	  	US$	277,500,000	 	  	US$	0	 	  	US$	277,500,000	 
	 Deutsche Bank AG New York Branch
	  	US$	277,500,000	 	  	US$	0	 	  	US$	277,500,000	 
	 Morgan Stanley Bank, N.A.
	  	US$	246,785,714.29	 	  	US$	0	 	  	US$	246,785,714.29	 
	 Morgan Stanley Senior Funding, Inc.
	  	US$	30,714,285.71	 	  	US$	0	 	  	US$	30,714,285.71	 
	 Royal Bank of Canada
	  	US$	277,500,000	 	  	US$	0	 	  	US$	277,500,000	 
	 Wells Fargo Bank, N.A.
	  	US$	277,500,000	 	  	US$	0	 	  	US$	277,500,000	 
	 Credit Agricole Corporate and Investment Bank
	  	US$	130,000,000	 	  	US$	0	 	  	US$	130,000,000	 
	 Credit Suisse AG, New York Branch
	  	US$	130,000,000	 	  	US$	0	 	  	US$	130,000,000	 
	 Banco Santander, S.A., New York Branch
	  	US$	130,000,000	 	  	US$	0	 	  	US$	130,000,000	 
	 BNP Paribas
	  	US$	130,000,000	 	  	US$	0	 	  	US$	130,000,000	 
	 Goldman Sachs Bank USA
	  	US$	130,000,000	 	  	US$	0	 	  	US$	130,000,000	 
	 HSBC Bank USA, National Association
	  	US$	130,000,000	 	  	US$	0	 	  	US$	130,000,000	 

													
	 Lender
	  	Revolving Commitment	 	  	Total	 
	  	Multicurrency
Tranche Revolving
Commitment	 	  	US Tranche
Revolving
Commitment	 
	 Mizuho Bank, Ltd.
	  	US$	130,000,000	 	  	US$	0	 	  	US$	130,000,000	 
	 MUFG Bank, Ltd.
	  	US$	130,000,000	 	  	US$	0	 	  	US$	130,000,000	 
	 Sumitomo Mitsui Banking Corporation
	  	US$	130,000,000	 	  	US$	0	 	  	US$	130,000,000	 
	 The Toronto-Dominion Bank, New York Branch
	  	US$	130,000,000	 	  	US$	0	 	  	US$	130,000,000	 
	 U.S. Bank National Association
	  	US$	130,000,000	 	  	US$	0	 	  	US$	130,000,000	 
	 AgFirst Farm Credit Bank
	  	US$	50,000,000	 	  	US$	0	 	  	US$	50,000,000	 
	 Citizens Bank, N.A.
	  	US$	50,000,000	 	  	US$	0	 	  	US$	50,000,000	 
	 CoBank, ACB
	  	US$	0	 	  	US$	50,000,000	 	  	US$	50,000,000	 
	 Commerzbank AG, New York Branch
	  	US$	50,000,000	 	  	US$	0	 	  	US$	50,000,000	 
	 Coöperatieve Rabobank U.A., New York Branch
	  	US$	50,000,000	 	  	US$	0	 	  	US$	50,000,000	 
	 ING Bank N.V., Dublin Branch
	  	US$	50,000,000	 	  	US$	0	 	  	US$	50,000,000	 
	 Intesa Sanpaolo S.p.A, New York Branch
	  	US$	50,000,000	 	  	US$	0	 	  	US$	50,000,000	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total
	  	US$	3,950,000,000	 	  	US$	50,000,000	 	  	US$	4,000,000,000	 
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

 SCHEDULE 2.20A 

Schedule 2.20A 

Existing Letters of Credit 
 None. 

 SCHEDULE 2.20B 

Schedule 2.20B 

Issuing Banks and Letter of Credit Commitments 
  

					
	 Lender
	  	Letter of Credit
Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	US$	37,500,000	 
	 Bank of America, N.A.
	  	US$	37,500,000	 
	 Barclays Bank PLC
	  	US$	37,500,000	 
	 Citibank, N.A.
	  	US$	37,500,000	 
	 Deutsche Bank AG New York Branch
	  	US$	37,500,000	 
	 Morgan Stanley Bank, N.A.
	  	US$	37,500,000	 
	 Royal Bank of Canada
	  	US$	37,500,000	 
	 Wells Fargo Bank, N.A.
	  	US$	37,500,000	 
		  	  
	  
	 
	 Total
	  	US$	300,000,000	 
		  	  
	  
	 

 SCHEDULE 2.21 

Schedule 2.21 

Swingline Commitments 
  

					
	 Lender
	  	Swingline
Commitment	 
	 JPMorgan Chase Bank, N.A.
	  	US$	100,000,000	 
	 Barclays Bank PLC
	  	US$	100,000,000	 
	 Bank of America, N.A.
	  	US$	100,000,000	 
	 Citibank, N.A.
	  	US$	100,000,000	 
		  	  
	  
	 
	 Total
	  	US$	400,000,000	 
		  	  
	  
	 

 EXHIBIT A-1 

TO CREDIT AGREEMENT 
 FORM OF
REVOLVING NOTE 
 Dated:
                    20         

US$                         

FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
                         [corporation/limited liability company] (the “Borrower”), HEREBY PROMISES TO PAY
to                     (the “Lender”) or its registered assigns on the Revolving Maturity Date the principal amount of US$[amount of
the Lender’s Revolving Commitment in figures] or, if less, the aggregate principal amount of the Revolving Loans outstanding on the Revolving Maturity Date made by the Lender to the Borrower pursuant to the Credit Agreement dated as of
July 8, 2022 (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among The Kraft Heinz Company, Kraft Heinz Foods Company, the other borrowers
from time to time party thereto, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as administrative agent. Capitalized terms used but not defined herein are being used herein as defined therein. 

The Borrower promises to pay interest on the unpaid principal amount of each Revolving Loan evidenced by this Note from the date of such
Revolving Loan until such principal amount is paid in full, at such interest rate, and payable at such times, as are specified in the Credit Agreement. Both principal and interest in respect of each Revolving Loan evidenced by this Note are payable
in the currency of such Revolving Loan to the Administrative Agent, for the account of the Lender, at the Administrative Agent Account, in same day funds. Each Revolving Loan owing to the Lender by the Borrower pursuant to the Credit Agreement, and
all payments made on account of principal thereof, may be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto, which is part of this Note. 

This Note is one of the Revolving Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement, among
other things, contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein
specified. 
 The Borrower hereby waives presentment, demand, protest and notice of any kind. No failure to exercise, and no delay in
exercising, any rights hereunder on the part of the holder hereof shall operate as a waiver of such rights. 
 This Note shall be governed
by, and construed in accordance with, the substantive laws of the State of New York without regard to choice of law doctrines. 
  

			
	 [NAME OF BORROWER]

		
	 By:
	 	 
		 	 Name:

		 	 Title:

 LOANS AND PAYMENTS OF PRINCIPAL 
  

																													
	 Date
	  	Type of Loan	 	  	Currency of
Loan	 	  	Amount of
Loan	 	  	Interest
Rate	 	  	Amount of Principal
Paid or Prepaid	 	  	Unpaid
Principal
Balance	 	  	Notation Made By	 
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			
		  				  				  				  				  				  				  			

 EXHIBIT A-2 TO 

CREDIT AGREEMENT 
 FORM OF
COMPETITIVE BID NOTE 
 Dated:                     ,
20         

[US$/€/₤/C$]                      
   
 FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
                     [corporation/limited liability company] (the “Borrower”), HEREBY PROMISES TO PAY to
                         (the “Lender”) or its registered assigns on
                    , 20        , the principal amount of
[US$/€/â,¤/C$][                ], representing a Competitive Bid Loan made by the Lender to the Borrower pursuant to the Credit Agreement dated as of
July 8, 2022 (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among The Kraft Heinz Company, Kraft Heinz Foods Company, the other borrowers
from time to time party thereto, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as administrative agent. Capitalized terms used but not defined herein are being used herein as defined therein. 

The Borrower promises to pay interest on the unpaid principal amount of the Competitive Bid Loan evidenced hereby from the date hereof until
such principal amount is paid in full, at the interest rate and payable on the interest payment date or dates provided below: 
 Currency of
Competitive Bid Loan:                                     

 Interest Rate Basis:
                                         
  
 Day Count Convention:
                                    

Interest Payment Date(s):
                                 

Interest Period/Maturity Date:
                          

Both principal and interest are payable in the currency of such Competitive Bid Loan to the Administrative Agent, for the account of the
Lender, at the Administrative Agent Account, in same day funds. 
 This Note is one of the Competitive Bid Notes referred to in, and is
entitled to the benefits of, the Credit Agreement. The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the happening of certain stated events. 

The Borrower hereby waives presentment, demand, protest and notice of any kind. No failure to exercise, and no delay in exercising, any rights
hereunder on the part of the holder hereof shall operate as a waiver of such rights. 
 This Note shall be governed by, and construed in
accordance with, the substantive laws of the State of New York without regard to choice of law doctrines. 

 
			
	[NAME OF BORROWER]
		
	By:	 	  

		 	Name:
		 	Title:

 EXHIBIT A-3 TO 

CREDIT AGREEMENT 
 FORM OF TERM
NOTE 
 Dated:              20         

US$         

FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
                 corporation (the “Borrower”), HEREBY PROMISES TO PAY to
                 (the “Lender”) or its registered assigns on the Term Maturity Date the principal amount of US$[amount of the Lender’s Term
Commitment in figures] or, if less, the aggregate principal amount of Term Loans of the Lender outstanding on the Term Maturity Date under the Credit Agreement dated as of July 8, 2022 (as it may be amended, restated, amended and restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among The Kraft Heinz Company, Kraft Heinz Foods Company, the other borrowers from time to time party thereto, the lenders party thereto from time to
time and JPMorgan Chase Bank, N.A., as administrative agent. Capitalized terms used but not defined herein are being used herein as defined therein. 

The Borrower promises to pay interest on the unpaid principal amount of each Term Loan evidenced by this Note from the date such Term Loan is
made until such principal amount is paid in full, at such interest rate, and payable at such times, as are specified in the Credit Agreement. Both principal and interest in respect of the Terms Loans evidenced by this Note are payable in US Dollars
to the Administrative Agent, for the account of the Lender, at the Administrative Agent Account, in same day funds. 
 This Note is one of
the Term Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for
prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified. 
 The Borrower
hereby waives presentment, demand, protest and notice of any kind. No failure to exercise, and no delay in exercising, any rights hereunder on the part of the holder hereof shall operate as a waiver of such rights. 

This Note shall be governed by, and construed in accordance with, the substantive laws of the State of New York without regard to choice of
law doctrines. 
  

			
	KRAFT HEINZ FOODS COMPANY
		
	By:	 	  

		 	  Name:
		 	  Title:

 LOANS AND PAYMENTS OF PRINCIPAL 
  

													
	 Date
	  	 Type of Loan
	  	 Amount of 
Loan
	  	 Interest Rate
	  	 Amount of Principal
Paid or Prepaid
	  	 Unpaid 
Principal Balance
	  	 Notation Made By

		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	

 EXHIBIT A-4 

TO CREDIT AGREEMENT 
 FORM OF
SWINGLINE NOTE 
 Dated:             , 20        

 €         

FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a
                 [corporation/limited liability company] (the “Borrower”), HEREBY PROMISES TO PAY to
                 (the “Swingline Lender”) or its registered assigns on             ,
20     (or, if earlier, the date such repayment is required pursuant to Section 2.21 of the Credit Agreement referred to below), the lesser of the principal sum of
[                 ] (€[                ]) and the aggregate unpaid principal amount
of all Swingline Loans made by the Swingline Lender to the Borrower pursuant to the Credit Agreement dated as of July 8, 2022 (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among The Kraft Heinz Company, Kraft Heinz Foods Company, the other borrowers from time to time party thereto, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as administrative agent.
Capitalized terms used but not defined herein are being used herein as defined therein. 
 The Borrower promises to pay interest on the
unpaid principal amount of each Swingline Loan evidenced hereby from the date hereof until such principal amount is paid in full, at the interest rate and payable on the interest payment date provided in Section 2.21 of the
Credit Agreement. 
 This Note is one of the Swingline Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The
Credit Agreement, among other things, contains provisions for acceleration of the maturity hereof upon the happening of certain stated events. 

The Borrower hereby waives presentment, demand, protest and notice of any kind. No failure to exercise, and no delay in exercising, any rights
hereunder on the part of the holder hereof shall operate as a waiver of such rights. 
 This Note shall be governed by, and construed in
accordance with, the substantive laws of the State of New York without regard to choice of law doctrines. 

 
			
	[NAME OF BORROWER]
		
	By:	 	  

		 	  Name:
		 	  Title:

 EXHIBIT B-1 

TO CREDIT AGREEMENT 
 FORM OF
NOTICE OF COMMITTED BORROWING 
 JPMorgan Chase Bank, N.A. 

Loan and Agency Services Group 
 500 Stanton Christiana Road, NCC
5, Floor 1 
 Newark, DE 19713-2107 
 Attention: Zohaib Nazir

 zohaib.nazir@chase.com 
 with a copy to: 

JPMorgan Chase Bank, N.A. 
 Loan and Agency Services Group 

500 Stanton Christiana Road, NCC 5, Floor 1 
 Newark, DE
19713-2107 
 Attention: Yili Xu 
 yili.x.xu@chase.com 

[Date] 
 Ladies and Gentlemen: 

[NAME OF BORROWER], a [                ] [corporation/limited
liability company] (the “Borrower”), refers to the Credit Agreement dated as of July 8, 2022 (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among The Kraft Heinz Company, Kraft Heinz Foods Company, the other borrowers from time to time party thereto, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as administrative agent. Capitalized
terms used but not defined herein are being used herein as defined therein. 
 The Borrower hereby gives you notice, irrevocably, pursuant
to Section 2.02 of the Credit Agreement that the Borrower hereby requests a Committed Borrowing (the “Proposed Committed Borrowing”), and in that connection sets forth below the information relating to the Proposed Committed
Borrowing as required by Section 2.02(a) of the Credit Agreement: 
 (a)    Class of Loans
comprising the Proposed Committed Borrowing is [Revolving Loans][Term Loans]. 
 (b)    The date of the
Proposed Committed Borrowing is                 , 20        . 

(c)    The Type of Loans comprising the Proposed Committed Borrowing is [Base Rate Loans] [Term SOFR
Loans][EURIBO Rate Loans][Canadian Prime Rate Loans][CDO Rate Loans]. 
 (d)    The aggregate amount and
currency of the Proposed Committed Borrowing is [US$/€/₤/C$] [                ]. 

 (e)    [The initial Interest Period for [Term SOFR
Loans][EURIBO Rate Loans][CDO Rate Loans] made as part of the Proposed Committed Borrowing is                  month(s).] 

(f)    Location and number of the Borrower’s account to which funds are to be disbursed:
[                ] 
  

			
	Very truly yours,
	
	[NAME OF BORROWER]
		
	By:	 	  

		 	  Name:
		 	  Title:

 EXHIBIT B-2 

TO CREDIT AGREEMENT 
 FORM OF
NOTICE OF CONVERSION/CONTINUATION 
 JPMorgan Chase Bank, N.A. 

Loan and Agency Services Group 
 500 Stanton Christiana Road, NCC
5, Floor 1 
 Newark, DE 19713-2107 
 Attention: Zohaib Nazir

 zohaib.nazir@chase.com 
 with a copy to: 

JPMorgan Chase Bank, N.A. 
 Loan and Agency Services Group 

500 Stanton Christiana Road, NCC 5, Floor 1 
 Newark, DE
19713-2107 
 Attention: Yili Xu 
 yili.x.xu@chase.com 

[Date] 
 Ladies and Gentlemen: 

[NAME OF BORROWER], a [                ] [corporation/limited
liability company] (the “Borrower”), refers to the Credit Agreement dated as of July 8, 2022 (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among The Kraft Heinz Company, Kraft Heinz Foods Company, the other borrowers from time to time party thereto, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as administrative agent. Capitalized
terms used but not defined herein are being used herein as defined therein. 
 The Borrower hereby gives you notice, irrevocably, pursuant
to Section 2.05 of the Credit Agreement that the Borrower hereby requests the Conversion or Continuation a Committed Borrowing (the “Proposed Conversion/Continuation”), and in that connection sets forth below the information
relating to the Proposed Conversion/Continuation as required by Section 2.05(c) of the Credit Agreement: 

(a)    The date of the Proposed Conversion/Continuation is
                , 20        . 

(b)    The Committed Borrowing to which the Proposed Conversion/Continuation applies1: 
 Principal Amount and Currency: 

 

	1 	 If different options are being elected with respect to different portions of the Committed Borrowing, specify
the portions thereof to be allocated to each resulting Committed Borrowing and specify the information in clause (c) below for each resulting Committed Borrowing. 

							
		 		 	    	 	  

		 		 		 	Type:
		 		 		 	  

		 		 		 	Interest Period2:
		 		 		 	  

(c)    Resulting Committed Borrowing: 

 

							
		 		 	    	 	Principal Amount and Currency:
		 		 		 	  

		 		 		 	Type:
		 		 		 	  

		 		 		 	Interest Period3:
		 		 		 	  

  

			
	Very truly yours,
	
	[NAME OF BORROWER]
		
	By:	 	  

		 	  Name:
		 	  Title:

  
  

	2 	 In the case of a Term Benchmark Borrowing, specify the last day of the current Interest Period therefor.

	3 	 If the Conversion is into, or such Continuation is as, a Term Benchmark Loan, specify the duration of the
Interest Period therefor. 

 EXHIBIT B-3 

TO CREDIT AGREEMENT 
 FORM OF
NOTICE OF COMPETITIVE BID BORROWING 
 JPMorgan Chase Bank, N.A. 

Loan and Agency Services Group 
 500 Stanton Christiana Road, NCC
5, Floor 1 
 Newark, DE 19713-2107 
 Attention: Zohaib Nazir

 zohaib.nazir@chase.com 
 with a copy to: 

JPMorgan Chase Bank, N.A. 
 Loan and Agency Services Group 

500 Stanton Christiana Road, NCC 5, Floor 1 
 Newark, DE
19713-2107 
 Attention: Yili Xu 
 yili.x.xu@chase.com 

[Date] 
 Ladies and Gentlemen: 

[NAME OF BORROWER], a [                ] [ corporation/limited
liability company] (the “Borrower”), refers to the Credit Agreement dated as of July 8, 2022 (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among The Kraft Heinz Company, Kraft Heinz Foods Company, the other borrowers from time to time party thereto, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as administrative agent. Capitalized
terms used but not defined herein are being used herein as defined therein. 
 The Borrower hereby gives you notice, irrevocably, pursuant
to Section 2.06(b) of the Credit Agreement that the Borrower hereby requests a Competitive Bid Borrowing (the “Proposed Competitive Bid Borrowing”), and in that connection sets forth the terms on which the Proposed Competitive
Bid Borrowing is requested to be made: 
 (a)    Date of Proposed Competitive Bid Borrowing: 

(b)    Amount and Currency of Proposed Competitive Bid Borrowing: 

(c)    Interest rate basis: 

(d)    Day count convention: 

(e)    [Interest Period] [Maturity date]: 

 (f)    Interest payment date(s): 

(g)    Borrower’s account location: 

(h)    [other terms (if any)]. 

The undersigned hereby confirms that the Proposed Competitive Bid Borrowing is to be made available to it in accordance with
Section 2.06(e) of the Credit Agreement. 
  

			
	Very truly yours,
	
	[NAME OF BORROWER]
		
	By:	 	  

		 	  Name:
		 	  Title:

 EXHIBIT C-1 

TO CREDIT AGREEMENT 
 FORM OF
ASSIGNMENT AND ASSUMPTION 
 This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the
Effective Date set forth below and is entered into by and between the Assignor (as defined below) and the Assignee (as defined below). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement
identified below (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard
Terms and Conditions set forth in Annex I attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

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

 

					
	1.	  	Assignor:	  	  

			
	2.	  	Assignee:	  	  

		  		  	[a [Revolving] Lender] [an Affiliate of [Lender]]
			
	3.	  	Borrower:	  	Kraft Heinz Foods Company and Designated Subsidiaries
			
	4.	  	Administrative Agent:	  	JPMorgan Chase Bank, N.A., the Administrative Agent under the Credit Agreement

					
	5.	  	Credit Agreement:	  	Credit Agreement dated as of July 8, 2022, among The Kraft Heinz Company, Kraft Heinz Foods Company, the other borrowers from time to time party thereto, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as
administrative agent
	6.	  	Assigned Interest:1	  	

  

							
	 Facility Assigned
	  	Aggregate Amount of
Commitments/Loans of
the applicable Class of all
Lenders	  	Amount of the
Commitments/Loans of
the applicable Class
Assigned	  	Percentage Assigned of
Aggregate Amount of
Commitments/Loans of
the applicable Class of
all Lenders2
	US Tranche Revolving Commitments/ US Tranche Revolving Credit Exposure	  	[US$]	  	[US$]	  	%
	Multicurrency Tranche Revolving Commitments/ Multicurrency Tranche Revolving Credit Exposure	  	[US$]	  	[US$]	  	%
	Term Loans	  	US$	  	US$	  	%
	Competitive Bid Loan	  	[US$]	  	[US$]	  	—  

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

	1 	 To comply with the minimum assignment amounts set forth in 9.07 of the Credit Agreement. 

	2 	 Set forth, to at least 9 decimals, as a percentage of the Term Loans or Revolving Commitment/Revolving Credit
Exposure of the applicable Class of all Lenders thereunder. 

  
 2 

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

 

			
	 ASSIGNOR
	 	
	
	 [NAME OF
ASSIGNOR]

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 
			
		
	ASSIGNEE	 	
	
	 [NAME OF
ASSIGNEE]

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 [Consented to and] Accepted by: 

JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent 

 

			
	By:	 	  

		 	Name:
		 	Title:

			
	
	 Consented to:

	
	 [ISSUING BANK],3

as an Issuing Bank

			
		
	By:	 	  

		 	Name:
		 	Title:

  
  

	3 	 To be included only if consent of each Issuing Bank is required under Section 9.07(a)(iv)of the Credit
Agreement. Duplicate for each Issuing Bank. 

  
 3 

			
	 [SWINGLINE LENDER],4

as a Swingline Lender

			
		
	By:	 	  

		 	Name:
		 	Title:
	
	 [Consented to:

	
	 KRAFT HEINZ FOODS
COMPANY,

			
		
	By:	 	  

		 	Name:
		 	Title:]5

  
  

	4 	 To be included only if consent of each Swingline Lender is required under Section 9.07(a)(iv) of the Credit
Agreement. Duplicate for each Swingline Lender. 

	5 	 To be included only if the consent of the Parent Borrower is required by Section 9.07(a)(iv) of the Credit
Agreement. 

  
 4 

 STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1    Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner
of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment
and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan
Document, other than the statements, warranties or representations made by it herein, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, any other Loan Document or any other
instrument or document furnished pursuant thereto, (iii) the financial condition of Kraft Heinz or any Borrower, or any of their Subsidiaries or other Affiliates or any other Person, (iv) any requirements under applicable law for the
Assignee to become a Lender under the Credit Agreement or to charge interest at the rate set forth therein from time to time or (v) the performance or observance by Kraft Heinz or any Borrower, or any of their Subsidiaries or other Affiliates
or any other Person, of any of their respective obligations under the Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto. 

1.2.    Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and
has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it is an Eligible Assignee and satisfies the
requirements specified in the Credit Agreement and under applicable law that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the
provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type
represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, and (v) it has received a copy of the Credit
Agreement, together with copies of the financial statements referred to in Section 5.01 of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into
this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent, any Arranger, the Assignor, any other Lender or any of
their respective Related Parties; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, any Arranger, the Assignor, any other Lender or any of their respective Related Parties, and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement, (ii) it appoints and authorizes the Administrative Agent to take such
action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers and discretion as are reasonably incidental thereto, and
(iii) it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender. 

 2.    Payments. From and after the Effective Date, the
Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior to or on or after the Effective Date. 

3.    General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the
parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all
of which when taken together shall constitute a one instrument. The words “execution”, “signed”, “signature”, “delivery” and words of like import in or relating to this Assignment and Assumption shall be
deemed to include Electronic Signatures and deliveries 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, physical delivery thereof or the use
of a paper-based recordkeeping system, as the case may be. This Assignment and Assumption shall be construed in accordance with and governed by the law of the State of New York. 

  
 2 

 EXHIBIT C-2 

TO CREDIT AGREEMENT 
 FORM OF
AFFILIATED LENDER ASSIGNMENT AND ASSUMPTION 
 This Assignment and Assumption (the “Assignment and Assumption”) is
dated as of the Effective Date set forth below and is entered into by and between the Assignor (as defined below) and the Assignee (as defined below). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit
Agreement identified below (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The
Standard Terms and Conditions set forth in Annex I attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

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

 

							
	1.	  	Assignor:	  	  
	  	                        
				
	2.	  	Assignee:	  	      

[a Lender] [an Affiliate of [Lender]]
	  	
			
	3.	  	Borrower:	  	Kraft Heinz Foods Company
			
	4.	  	Administrative Agent:	  	JPMorgan Chase Bank, N.A., the Administrative Agent under the Credit Agreement

					
	5.	  	Credit Agreement:	  	Credit Agreement dated as of July 8, 2022, among The Kraft Heinz Company, Kraft Heinz Foods Company, the other borrowers from time to time party thereto, the lenders party thereto from time to time and JPMorgan Chase Bank,
N.A., as administrative agent
			
	6.	  	Assigned Interest:1	  	

  

													
	 Facility Assigned
	  	Aggregate Amount of
Term Loans of all
Term Lenders	 	  	Amount of
Term Loans Assigned	 	  	Percentage Assigned of
Aggregate Amount
of
Term Loans of all Term
Lenders2	 
	 Term Loans
	  	US$	             	 	  	US$	             	 	  	 	            	% 

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

  
  

	1 	 To comply with the minimum assignment amounts set forth in 9.07 of the Credit Agreement. 

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

  
 2 

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

 

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]

 
			
		
	By:	 	  

 
			
	      	 	Name:
		 	Title:
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]

 
			
		
	By:	 	  

 
			
	      	 	Name:
		 	Title:

 [Consented to and] Accepted by: 
  

			
	 JPMORGAN CHASE BANK, N.A.,
 as
Administrative Agent

			
		
	By:	 	  

			
	      	 	Name:
		 	Title:
	
	Consented to:
	
	[Consented to:
	
	KRAFT HEINZ FOODS COMPANY,

			
		
	By:	 	  

			
	      	 	Name:
		 	Title:]3

  

	3 	 To be included only if the consent of the Parent Borrower is required by Section 9.07(a)(iv) of the Credit
Agreement. 

  
 3 

 STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned
Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and
to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, other
than the statements, warranties or representations made by it herein, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, any other Loan Document or any other instrument or document
furnished pursuant thereto, (iii) the financial condition of Kraft Heinz or any Borrower, or any of their Subsidiaries or other Affiliates or any other Person, (iv) any requirements under applicable law for the Assignee to become a Lender
under the Credit Agreement or to charge interest at the rate set forth therein from time to time or (v) the performance or observance by Kraft Heinz or any Borrower, or any of their Subsidiaries or other Affiliates or any other Person, of any
of their respective obligations under the Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto. 

1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it is an Eligible Assignee and satisfies the requirements specified
in the Credit Agreement and under applicable law that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned
Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, and (v) it has received a copy of the Credit Agreement, together with copies
of the financial statements referred to in Section 5.01 of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and
to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent, any Arranger, the Assignor, any other Lender or any of their respective Related Parties;
and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, any Arranger, the Assignor, any other Lender or any of their respective Related Parties, and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement, (ii) it appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to
exercise such powers and discretion under the Credit Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers and discretion as are reasonably incidental 

 
thereto, (iii) it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender, (iv) in
the event that it becomes aware that the Affiliate Lender Limitation has been has been exceeded, it shall promptly notify the Administrative Agent thereof and shall, in coordination with the other Lenders that are Affiliated Lenders, promptly take
such steps (including assignment and transfer of Term Loans) as shall be required to eliminate such excess and (v) it has disclosed to the assignor Lender (and, in the case of any assignments and transfers that shall have been intermediated by
a third party, to the original assignor Lender in respect thereof) that it is an Affiliate Lender. 
 2. Payments. From and after the
Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior to or on or after the
Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the
parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all
of which when taken together shall constitute a one instrument. The words “execution”, “signed”, “signature”, “delivery” and words of like import in or relating to this Assignment and Assumption shall be
deemed to include Electronic Signatures and deliveries 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, physical delivery thereof or the use
of a paper-based recordkeeping system, as the case may be. This Assignment and Assumption shall be construed in accordance with and governed by the law of the State of New York. 

  
 2 

 EXHIBIT D 

TO CREDIT AGREEMENT 
 FORM OF
DESIGNATION AGREEMENT 
 JPMorgan Chase Bank, N.A. 
 Loan
and Agency Services Group 
 500 Stanton Christiana Road, NCC 5, Floor 1 

Newark, DE 19713-2107 
 Attention: Zohaib Nazir 

zohaib.nazir@chase.com 
 with a copy to: 

JPMorgan Chase Bank, N.A. 
 Loan and Agency Services Group 

500 Stanton Christiana Road, NCC 5, Floor 1 
 Newark, DE
19713-2107 
 Attention: Yili Xu 
 yili.x.xu@chase.com 

[Date] 
 Ladies and Gentlemen: 

Reference is made to the Credit Agreement dated as of July 8, 2022 (as it may be amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among The Kraft Heinz Company, Kraft Heinz Foods Company, the other borrowers from time to time party thereto, the lenders party thereto from time to time and JPMorgan
Chase Bank, N.A., as administrative agent. Capitalized terms used but not defined herein are being used herein as defined therein. 
 Please
be advised that the Parent Borrower hereby designates its wholly owned Subsidiary, [Name of Subsidiary], a [                ] [corporation/limited liability company]
(the “Designated Subsidiary”), as a “Designated Subsidiary” under and for all purposes of the Credit Agreement. 

The Designated Subsidiary, in consideration of each Lender’s and each Issuing Bank’s agreement to extend credit to it under and on
the terms and conditions set forth in the Credit Agreement, does hereby assume each of the obligations imposed upon a “Designated Subsidiary” and/or a “Borrower” under the Credit Agreement and agrees to be bound by the terms and
conditions of the Credit Agreement with the same effect as if it were a signatory thereto. In furtherance of the foregoing, the Designated Subsidiary hereby represents and warrants to each Revolving Lender and each Issuing Bank as follows: 

(a)    The Designated Subsidiary is a [corporation/limited liability company] duly organized, validly
existing and in good standing under the laws of                     . 

 (b)    The execution and delivery by the Designated
Subsidiary of this Designation Agreement and the Notes, if any, to be delivered by it, and the performance by the Designated Subsidiary of its obligations under this Designation Agreement, any such Notes and the Credit Agreement, are within the
Designated Subsidiary’s [corporate/limited liability company] or other organizational powers, have been duly authorized by all necessary corporate or other organizational action and do not contravene (i) the Designated Subsidiary’s
[charter or by-laws] or (ii) in any material respect, any law, rule, regulation or any order of any court or Governmental Authority or any material contractual restriction binding on or affecting it. 

(c)    No authorization or approval or other action by, and no notice to or filing with, any Governmental
Authority or regulatory body is required for the due execution and delivery by the Designated Subsidiary of this Designation Agreement or the Notes, if any, to be delivered by it or the performance by the Designated Subsidiary of its obligations
under this Designation Agreement, any such Notes and the Credit Agreement. 
 (d)    Each of this
Designation Agreement and the Notes, if any, to be delivered by the Designated Subsidiary have been or when delivered will be duly executed and delivered by the Designated Subsidiary, and each of this Designation Agreement and the Credit Agreement
is, and the Notes, if any, to be delivered by the Designated Subsidiary when delivered will be, legal, valid and binding obligations of the Designated Subsidiary. enforceable against the Designated Subsidiary in accordance with their respective
terms, subject to the effect of any applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to the effect of general principles of equity (regardless
of whether such enforceability is sought in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 

(e)    There is no pending or threatened action or proceeding affecting the Designated Subsidiary or any of
its Subsidiaries before any court or other Governmental Authority or arbitrator that purports to affect the legality, validity or enforceability of this Designation Agreement, the Credit Agreement or any Note of the Designated Subsidiary. 

(f)    [The information set forth in the certification regarding beneficial ownership, as required by 31
C.F.R. § 1010.230 (the “Beneficial Ownership Certification”) and delivered to the Administrative Agent on or before the date hereof, is true and correct in all respects.]12

 This Designation Agreement shall be governed by, and construed in accordance with, the substantive laws of the State of New York without
regard to choice of law doctrines. 
  

	12 	 To be inserted if the Designated Subsidiary qualifies as a “legal entity customer” under 31 C.F.R.
§ 1010.230. 

  
 2 

 Very truly yours, 

 

			
	KRAFT HEINZ FOODS COMPANY
		
	By:	 	 
		 	  Name:
  Title:

  

			
	[DESIGNATED SUBSIDIARY]
		
	By:	 	 
		 	  Name:
  Title:

  
 3 

 EXHIBIT E 

TO CREDIT AGREEMENT 
  

FORM OF NOTICE OF ISSUANCE 
 [Issuing Bank]

 [Address] 
 Attention:
[            ] 
 [email] 

JPMorgan Chase Bank, N.A. 
 Loan and Agency Services Group 

500 Stanton Christiana Road, NCC 5, Floor 1 
 Newark, DE
19713-2107 
 Attention: Zohaib Nazir 
 zohaib.nazir@chase.com

 with a copy to: 
 JPMorgan Chase Bank, N.A. 

Loan and Agency Services Group 
 500 Stanton Christiana Road, NCC
5, Floor 1 
 Newark, DE 19713-2107 
 Attention: Yili Xu 

yili.x.xu@chase.com 
 [Date] 

Ladies and Gentlemen: 
 Reference is made to the
Credit Agreement dated as of July 8, 2022 (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among The Kraft Heinz Company, Kraft Heinz Foods
Company, the other borrowers from time to time party thereto, the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as administrative agent. Capitalized terms used but not defined herein are being used herein as defined therein.

 The undersigned hereby requests an [issuance][amendment][extension] of [a] [standby][commercial] Letter[s] of Credit in the currency13 and amount equal to [$]             to be dated             .14 Enclosed herewith is the related Letter of Credit Application, with the information required pursuant to Section 2.20(a) of the Credit Agreement, and the form of such Letter of Credit. 

 
  

	13 	 Letters of Credit requested must be denominated in US Dollars or an Alternative Currency.

	14 	 Notice must be given not later than 12:00 p.m. (New York City time) on the third Business Day prior to the date
of the proposed issuance of such Letter of Credit. 

 The beneficiary of the requested Letter of Credit will be
[         ]15 and the requested Letter of Credit will have a stated expiration date of [         ]16. 
  

			
	 [NAME OF BORROWER] 

	By:	 	 
	Name:  	 	 
	Title:	 	 

  
  

	15 	 Insert name and address of beneficiary. 

	16 	 Date to be the earlier of one year after the date of issuance or five Business Days prior to the Revolving
Maturity Date (subject to certain exceptions as set forth in Section 2.20(a) of the Credit Agreement). 

 EXHIBIT F 

TO CREDIT AGREEMENT 
 FORM OF
NOTICE OF SWINGLINE BORROWING 
 [Swingline Lender] 

[Address] 
 Attention:
[            ] 
 Fax No.
[            ] 
 [email] 

JPMorgan Chase Bank, N.A. 
 Loan and Agency Services Group 

500 Stanton Christiana Road, NCC 5, Floor 1 
 Newark, DE
19713-2107 
 Attention: Zohaib Nazir 
 zohaib.nazir@chase.com

 with a copy to: 
 JPMorgan Chase Bank, N.A. 

Loan and Agency Services Group 
 500 Stanton Christiana Road, NCC
5, Floor 1 
 Newark, DE 19713-2107 
 Attention: Yili Xu 

yili.x.xu@chase.com 
 [Date] 

Ladies and Gentlemen: 
 [NAME OF BORROWER], a
[                ] [corporation/ limited liability company] (the “Borrower”), refers to the Credit Agreement dated as of July 8, 2022 (as it may be
amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among The Kraft Heinz Company, Kraft Heinz Foods Company, the other borrowers from time to time party thereto,
the lenders party thereto from time to time and JPMorgan Chase Bank, N.A., as administrative agent. Capitalized terms used but not defined herein are being used herein as defined therein. 

The Borrower hereby gives you notice, irrevocably, pursuant to Section 2.21(b) of the Credit Agreement that the
Borrower hereby requests a Swingline Loan under the Credit Agreement, and in that connection sets forth the terms on which such Swingline Loan (the “Proposed Swingline Loan”) is requested to be made: 

 

	 	(a)	 Date of Proposed Swingline Loan: 

 

	 	(b)	 Amount of Proposed Swingline Loan: 

 

	 	(c)	 Borrower’s account location and number: 

 The undersigned hereby confirms that the Proposed Swingline Loan is to be made available to
it in accordance with Section 2.21(b) of the Credit Agreement. 
  

			
	 Very truly yours, 

	[NAME OF BORROWER]
		
	By:  	 	  

		 	Name:
		 	Title:Document

Exhibit 10.1

Loan No: 18678 
________________________________________________________ 
 
 
LOAN AGREEMENT 
 
________________________________________________________ 
 
 
Dated as of July 6, 2022 
 
 
Between 
 
 
WHLR-JANAF, LLC, WHLR-JANAF-BRAVO, LLC, WHLR-JANAF-BJ'S, LLC and 
WHLR-JANAF-OFFICE, LLC, 
individually and collectively, as Borrower 
 
 
and 
 
 
CITI REAL ESTATE FUNDING INC., 
as Lender 
LOAN AGREEMENT 
41458-110/JANAF Shopping Yard (VA) 

 
Table of Contents 
ARTICLE 1 DEFINITIONS; PRINCIPLES OF CONSTRUCTION .......................................... 1 
    Section 1.1.     Definitions................................................................................................... 1 
    Section 1.2.     Principles of Construction......................................................................... 27 
ARTICLE 2 GENERAL TERMS ............................................................................................... 27 
    Section 2.1.     Loan Commitment; Disbursement to Borrower ....................................... 27 
    Section 2.2.     The Loan ................................................................................................... 27 
    Section 2.3.     Disbursement to Borrower ........................................................................ 27 
    Section 2.4.     The Note and the other Loan Documents ................................................. 27 
    Section 2.5.     Interest Rate .............................................................................................. 27 
    Section 2.6.     Loan Payments .......................................................................................... 29 
    Section 2.7.     Prepayments .............................................................................................. 30 
    Section 2.8.     Defeasance ................................................................................................ 31 
    Section 2.9.     Partial Release ........................................................................................... 34 
ARTICLE 3 REPRESENTATIONS AND WARRANTIES ...................................................... 36 
Section 3.1.     Legal Status and Authority ....................................................................... 36 
Section 3.2.     Validity of Documents .............................................................................. 37 
Section 3.3.     Litigation ................................................................................................... 37 
Section 3.4.     Agreements ............................................................................................... 37 
Section 3.5.     Financial Condition ................................................................................... 38 
Section 3.6.     Disclosure ................................................................................................. 38 
Section 3.7.     No Plan Assets; FIRRMA ......................................................................... 38 
Section 3.8.     Not a Foreign Person ................................................................................ 38 
Section 3.9.     Prior Owned Property ............................................................................... 39 
Section 3.10. Business Purposes ..................................................................................... 39
Section 3.11. Borrower's Principal Place of Business .................................................... 39 
Section 3.12. Status of Property ..................................................................................... 39 
Section 3.13. Financial Information................................................................................ 41
Section 3.14. Condemnation .......................................................................................... 41 
- i - 
LOAN AGREEMENT 
41458-110/JANAF Shopping Yard (VA) 

Section 3.15. Separate Lots ............................................................................................ 41 
Section 3.16. Insurance .................................................................................................. 41 
Section 3.17. Use of Property ........................................................................................ 41 
Section 3.18. Leases and Rent Roll ............................................................................... 41 
Section 3.19. Filing and Recording Taxes ..................................................................... 42 
Section 3.20. Management Agreement .......................................................................... 42 
Section 3.21. Illegal Activity/Forfeiture ........................................................................ 42 
Section 3.22. Taxes ........................................................................................................ 43 
Section 3.23. Permitted Encumbrances ......................................................................... 43 
Section 3.24. Third Party Representations ..................................................................... 43 
Section 3.25. Non-Consolidation Opinion Assumptions ............................................... 43 
Section 3.26. Federal Reserve Regulations..................................................................... 43 
Section 3.27. Investment Company Act ........................................................................ 44
Section 3.28. Fraudulent Conveyance ........................................................................... 44
Section 3.29. Intentionally Omitted ............................................................................... 44 
Section 3.30. Anti-Money Laundering and Economic Sanctions .................................. 44 
Section 3.31. Organizational Chart ................................................................................ 45 
Section 3.32. Bank Holding Company .......................................................................... 45 
Section 3.33. Intentionally Omitted ................................................................................ 46 
Section 3.34. Property Document Representations .........................................................46 
Section 3.35. No Change in Facts or Circumstances; Disclosure .................................. 46 
ARTICLE 4 BORROWER COVENANTS ................................................................................ 46 
    Section 4.1.     Existence ................................................................................................... 47 
    Section 4.2.     Legal Requirements .................................................................................. 47 
    Section 4.3.     Maintenance and Use of Property ............................................................. 47 
    Section 4.4.     Waste......................................................................................................... 48 
    Section 4.5.     Taxes and Other Charges .......................................................................... 48 
    Section 4.6.     Litigation ................................................................................................... 49 
    Section 4.7.     Access to Property .................................................................................... 49 
- ii - 
LOAN AGREEMENT 
41458-110/JANAF Shopping Yard (VA) 

Section 4.8.     Notice of Default....................................................................................... 49 
Section 4.9.     Cooperate in Legal Proceedings ............................................................... 49 
Section 4.10. Performance by Borrower ......................................................................... 49 
Section 4.11. Fire Code Violations ................................................................................. 49 
Section 4.12. Books and Records ................................................................................... 49 
Section 4.13. Estoppel Certificates ................................................................................. 52 
Section 4.14. Leases and Rents ....................................................................................... 53 
Section 4.15. Management Agreement ........................................................................... 54 
Section 4.16. Payment for Labor and Materials ............................................................. 56 
Section 4.17. Performance of Other Agreements ........................................................... 57 
Section 4.18. Debt Cancellation...................................................................................... 57 
Section 4.19. ERISA; FIRRMA...................................................................................... 57 
Section 4.20. No Joint Assessment ................................................................................. 58 
Section 4.21. Alterations ................................................................................................. 59 
Section 4.22. Property Document Covenants ................................................................. 59
Section 4.23. Ground Lease Covenants .......................................................................... 59 
ARTICLE 5 ENTITY COVENANTS ........................................................................................ 61 
    Section 5.1.     Single Purpose Entity/Separateness .......................................................... 61 
    Section 5.2.     Independent Director ................................................................................ 66 
    Section 5.3.     Change of Name, Identity or Structure ..................................................... 67 
    Section 5.4.     Business and Operations ........................................................................... 68 
    Section 5.5.     Recycled Entity ......................................................................................... 68 
ARTICLE 6 NO SALE OR ENCUMBRANCE ......................................................................... 68 
    Section 6.1.     Transfer Definitions .................................................................................. 68 
    Section 6.2.     No Sale/Encumbrance ............................................................................... 68 
    Section 6.3.     Permitted Equity Transfers ....................................................................... 69 
    Section 6.4.     Permitted Property Transfer (Assumption) ............................................... 71 
    Section 6.5.     Lender's Rights ......................................................................................... 73 
    Section 6.6.     Economic Sanctions, Anti-Money Laundering and Transfers .................. 73 
- iii - 
LOAN AGREEMENT 
41458-110/JANAF Shopping Yard (VA) 

ARTICLE 7 INSURANCE; CASUALTY; CONDEMNATION; RESTORATION ................. 73 
    Section 7.1.     Insurance ................................................................................................... 74 
    Section 7.2.     Casualty...................................................................................................... 80 
    Section 7.3.     Condemnation ........................................................................................... 80 
    Section 7.4.     Restoration ................................................................................................ 81 
ARTICLE 8 RESERVE FUNDS ................................................................................................ 85 
Section 8.1.     Immediate Repair Funds ........................................................................... 85 
Section 8.2.     Replacement Reserve Funds ..................................................................... 86 
Section 8.3.     Leasing Reserve Funds ............................................................................. 87 
Section 8.4.     Operating Expense Funds ......................................................................... 88 
Section 8.5.     Excess Cash Flow Funds .......................................................................... 88 
Section 8.6.     Tax and Insurance Funds .......................................................................... 89 
Section 8.7.     The Accounts Generally ........................................................................... 89 
Section 8.8.     Letters of Credit ........................................................................................ 92 
Section 8.9.     Ground Rent Reserve Funds ..................................................................... 93 
Section 8.10. Outstanding Obligations Reserve Funds ................................................... 93 
ARTICLE 9 CASH MANAGEMENT ........................................................................................ 94 
    Section 9.1.     Establishment of Certain Accounts ........................................................... 94 
    Section 9.2.     Deposits into the Restricted Account; Maintenance of Restricted 
Account ................................................................................................... 94 
    Section 9.3.     Disbursements from the Cash Management Account ............................... 96 
    Section 9.4.     Withdrawals from the Debt Service Account ........................................... 97 
    Section 9.5.     Payments Received Under this Agreement ............................................... 97 
ARTICLE 10 EVENTS OF DEFAULT; REMEDIES ..............................................................97 
Section 10.1. Event of Default ........................................................................................ .97 
Section 10.2. Remedies ...................................................................................................100 
ARTICLE 11 SECONDARY MARKET .................................................................................. 102 
Section 11.1. Securitization ........................................................................................... 103 
Section 11.2. Disclosure ................................................................................................ 105 
Section 11.3. Reserves/Escrows .................................................................................... 107
Section 11.4. Servicer .................................................................................................... 107 
- iv - 
LOAN AGREEMENT 
41458-110/JANAF Shopping Yard (VA) 

Section 11.5. Rating Agency Costs and REMIC Savings Clause................................. 108 
Section 11.6. Mezzanine Option ................................................................................... 108
Section 11.7. Conversion to Registered Form .............................................................. 108 
ARTICLE 12 INDEMNIFICATIONS ......................................................................................109 
Section 12.1. General Indemnification ......................................................................... 109 
Section 12.2. Mortgage and Intangible Tax Indemnification ....................................... 109 
Section 12.3. ERISA and FIRRMA Indemnification ................................................... 109 
Section 12.4. Duty to Defend, Legal Fees and Other Fees and Expenses .................... 110 
Section 12.5. Survival ................................................................................................... 110 
Section 12.6. Environmental Indemnity ....................................................................... 110 
ARTICLE 13 EXCULPATION ................................................................................................ 110 
Section 13.1. Exculpation ............................................................................................. 110 
ARTICLE 14 NOTICES ........................................................................................................... 113 
Section 14.1. Notices .................................................................................................... 113 
ARTICLE 15 FURTHER ASSURANCES .............................................................................. 115
Section 15.1. Replacement Documents ........................................................................ 115 
Section 15.2. Recording of Security Instrument, etc .................................................... 116 
Section 15.3. Further Acts, etc ...................................................................................... 116 
Section 15.4. Changes in Tax, Debt, Credit and Documentary Stamp Laws ............... 116 
ARTICLE 16 WAIVERS .......................................................................................................... 117 
Section 16.1. Remedies Cumulative; Waivers .............................................................. 117 
Section 16.2. Modification, Waiver in Writing ............................................................ 117 
Section 16.3. Delay Not a Waiver ................................................................................ 117 
Section 16.4. Waiver of Trial by Jury ........................................................................... 118 
Section 16.5. Waiver of Notice ..................................................................................... 118 
Section 16.6. Remedies of Borrower ............................................................................ 118 
Section 16.7. Marshalling and Other Matters ............................................................... 118 
Section 16.8. Waiver of Statute of Limitations ............................................................. 118 
Section 16.9. Waiver of Counterclaim .......................................................................... 119 
Section 16.10. Sole Discretion of Lender ..................................................................... 119 
ARTICLE 17 MISCELLANEOUS ........................................................................................... 119 
- v - 
LOAN AGREEMENT 
41458-110/JANAF Shopping Yard (VA) 

Section 17.1. Survival ................................................................................................... 119 
Section 17.2. Governing Law ....................................................................................... 119 
Section 17.3. Headings ................................................................................................. 121 
Section 17.4. Severability ............................................................................................. 121 
Section 17.5. Preferences .............................................................................................. 121 
Section 17.6. Expenses ................................................................................................. 121 
Section 17.7. Cost of Enforcement ............................................................................... 122 
Section 17.8. Schedules Incorporated ........................................................................... 123 
Section 17.9. Offsets, Counterclaims and Defenses ..................................................... 123 
Section 17.10. No Joint Venture or Partnership; No Third Party Beneficiaries ........... 123 
Section 17.11. Publicity ................................................................................................ 124 
Section 17.12. Limitation of Liability........................................................................... 124 
Section 17.13. Conflict; Construction of Documents; Reliance ................................... 124 
Section 17.14. Entire Agreement .................................................................................. 125 
Section 17.15. Liability ................................................................................................. 125 
Section 17.16. Duplicate Originals; Counterparts ........................................................ 125
Section 17.17. Brokers .................................................................................................. 125 
Section 17.18. Set-Off.................................................................................................... 126 
Section 17.19. Unintended Payments ............................................................................ 126 
Section 17.20. Contributions and Waivers .................................................................... 128 
 
- vi - 
LOAN AGREEMENT 
41458-110/JANAF Shopping Yard (VA) 

 
LOAN AGREEMENT 
THIS LOAN AGREEMENT, dated as of July 6, 2022 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this "Agreement"), between CITI REAL ESTATE FUNDING INC., having an address at 388 Greenwich Street, 6th Floor, New 
York, New York 10013 (together with its successors and/or assigns, "Lender") and WHLR-
JANAF, LLC, WHLR-JANAF-BRAVO, LLC, WHLR-JANAF-BJ'S, LLC and WHLR-
JANAF-OFFICE, LLC, each a Delaware limited liability company, each having its principal place of business at 2529 Virginia Beach Boulevard, Virginia Beach, Virginia 23452 (individually and collectively, as the context may require, and jointly and severally, together with their successors and/or assigns, "Borrower"). 
RECITALS: 
Borrower desires to obtain the Loan (defined below) from Lender. 
Lender is willing to make the Loan to Borrower, subject to and in accordance with the terms of this Agreement and the other Loan Documents (defined below). 
In consideration of the making of the Loan by Lender and the covenants, agreements, representations and warranties set forth in this Agreement, the parties hereto hereby covenant, agree, represent and warrant as follows: 
ARTICLE 1 
 
DEFINITIONS; PRINCIPLES OF CONSTRUCTION 
    Section 1.1.     Definitions. 
For all purposes of this Agreement, except as otherwise expressly required or unless the context clearly indicates a contrary intent: 
"Acceptable LLC" shall mean a limited liability company formed under Delaware law which (i) has at least one springing member, which, upon the dissolution of all of the members or the withdrawal or the disassociation of all of the members from such limited liability company, shall immediately become the sole member of such limited liability company, and (ii) otherwise meets the Rating Agency criteria then applicable to such entities. 
"Account Collateral" shall mean (i) the Accounts, and all cash, checks, drafts, certificates and instruments, if any, from time to time deposited or held in the Accounts from time to time; (ii) any and all amounts invested in Permitted Investments; (iii) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise payable in respect of, or in exchange for, any or all of the foregoing; and (iv) to the 
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extent not covered by clauses (i) - (iii) above, all "proceeds" (as defined under the UCC as in effect in the State in which the Accounts are located) of any or all of the foregoing. 
"Accounts" shall mean the Cash Management Account, the Debt Service Account, the Restricted Account, the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other account established by this Agreement or the other Loan Documents. 
"AC Laws" shall have the meaning set forth in Section 3.30 hereof. 
"Act" is defined in Section 5.1 hereof. 
"Affiliate" shall mean, as to any Person, any other Person that, directly or indirectly, is in Control of, is Controlled by or is under common Control with such Person or, with respect to any natural Person, is a member of the Family Group of such Person. 
"Affiliated Manager" shall mean any managing agent of the Property in which Borrower, Guarantor, Sponsor, any SPE Component Entity (if any) or any Affiliate of such entities has, directly or indirectly, any legal, beneficial or economic interest. 
"ALTA" shall mean American Land Title Association, or any successor thereto. 
"Alteration Threshold" shall mean an amount equal to 5% of the outstanding principal amount of the Loan. 
"AML Laws" shall have the meaning set forth in Section 3.30 hereof. 
"Applicable Contribution" shall have the meaning set forth in Section 17.20 hereof. 
"Approved Accounting Method" shall mean GAAP, federal tax basis accounting (consistently applied) or such other method of accounting, consistently applied, as may be reasonably acceptable to Lender. 
"Approved Annual Budget" shall have the meaning set forth in Section 4.12 hereof. 
"Approved Bank" shall mean a bank or other financial institution, the long-term unsecured debt rating of which are at least "A+" by S&P, Fitch and DBRS Morningstar and "A1" by Moody's and the short-term unsecured debt ratings of which are at least "A-1" by S&P, "F1" by Fitch, "R-1" by DBRS Morningstar and "P-1" by Moody's. 
"Approved Extraordinary Expense" shall mean an operating expense of the Property not set forth on the Approved Annual Budget but approved by Lender in writing (which such approval shall not be unreasonably withheld or delayed). 
"Approved ID Provider" shall mean each of CT Corporation, Corporation Service Company, National Registered Agents, Inc., Wilmington Trust Company, Stewart Management Company and Lord Securities Corporation; provided, that, (A) the foregoing shall be deemed 
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Approved ID Providers unless and until disapproved by any Rating Agency and (B) additional national providers of Independent Directors may be deemed added to the foregoing hereunder to the extent approved in writing by Lender and the Rating Agencies. 
"Approved Operating Expense" shall mean an operating expense of the Property set forth on the Approved Annual Budget. 
"Assignment of Management Agreement" shall mean that certain Conditional Assignment of Management Agreement dated as of the date hereof among Lender, Borrower and Manager, as the same may be amended, restated, replaced, extended, renewed, supplemented or otherwise modified from time to time. 
"Authorized Officer" shall mean Andy Franklin and such other executive officers of Borrower as Borrower shall designate in a written notice to Lender. 
"Avoidance Conditions" shall mean satisfaction of each of the following, as determined by Lender: (A) no other Trigger Period exists (i.e. the Avoidance Conditions shall not apply and cannot be satisfied by Borrower if (x) any Event of Default exists, and (y) a Trigger Period exists for any reason other than those specified in clause (B) of this definition), and (B) Borrower deposits an amount in cash or Letter of Credit to the Excess Cash Flow Account (or such amount accumulates in the Excess Cash Flow Account), solely as it pertains to a Trigger Period under subclause (A)(ii) of the definition thereof, equal to Lender's calculation of six (6) months of Excess Cash Flow assuming a Debt Yield of 8.25%, for each six (6) month period which Borrower desires to avoid the existence of such Trigger Period (i.e. Borrower must make such deposits in six (6) month increments, upon the initial commencement thereof and then again every six (6) months thereafter to the extent such event still exists and Borrower desires to continue the avoidance thereof). 
"Award" shall mean any compensation paid by any Governmental Authority in connection with a Condemnation in respect of all or any part of the Property. 
"Bail-In Action" means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
"Bail-In Legislation" means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 
"Bank" shall be deemed to refer to the bank or other institution maintaining the Restricted Account pursuant to the Restricted Account Agreement. 
"Bankruptcy Code" shall mean Title 11 of the United States Code entitled "Bankruptcy", as amended from time to time, and any successor statute or statutes and all rules and regulations from time to time promulgated thereunder, and any comparable foreign laws relating to bankruptcy, insolvency or creditors' rights. 
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"Bankruptcy Event" shall mean the occurrence of any one or more the of the following:  (i) Borrower or any SPE Component Entity shall commence any case, proceeding or other action (A) under the Bankruptcy Code and/or any Creditors Rights Laws seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, liquidation or dissolution or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets; (ii) Borrower or any SPE Component Entity shall make a general assignment for the benefit of its creditors; (iii) any Restricted Party (or Affiliate thereof) files, or joins or colludes in the filing of, (A) an involuntary petition against Borrower or any SPE Component Entity under the Bankruptcy Code or any other Creditors Rights Laws, or solicits or causes to be solicited or colludes with petitioning creditors for any involuntary petition under the Bankruptcy Code or any other Creditors Rights Laws against Borrower or any SPE Component Entity or (B) any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of Borrower's or any SPE Component Entity's assets; (iv) Borrower or any SPE Component Entity files an answer consenting to or otherwise acquiescing in or joining in any involuntary petition filed against it, by any other Person under the Bankruptcy Code or any other Creditors Rights Laws, or solicits or causes to be solicited or colludes with petitioning creditors for any involuntary petition from any Person; (v) any Restricted Party (or Affiliate thereof) consents to or acquiesces in or joins in an application for the appointment of a custodian, receiver, trustee, or examiner for Borrower, any SPE Component Entity or any portion of the Property; (vi) Borrower or any SPE Component Entity makes an assignment for the benefit of creditors, or admits, in writing or in any legal proceeding, its insolvency or inability to pay its debts as they become due; (vii) any Restricted Party (or Affiliate thereof) contesting or opposing any motion made by Lender to obtain relief from the automatic stay or seeking to reinstate the automatic stay in the event of any proceeding under the Bankruptcy Code or any other Creditors Rights Laws involving Sponsor or its subsidiaries; (viii) any Restricted Party (or Affiliate thereof) taking any action in furtherance of, in collusion with respect to or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in items (i) through (vii) above; and (ix) in the event Lender receives less than the full value of its claim in any proceeding under the Bankruptcy Code or any other Creditors Rights Laws, Sponsor or any of its Affiliates receiving an equity interest or other financial benefit of any kind as a result of a "new value" plan or equity contribution. 
"Benefit Amount" shall have the meaning set forth in Section 17.20 hereof. 
"Borrower's Knowledge" shall mean the actual knowledge (as opposed to imputed, inquiry or constructive knowledge) of any current Authorized Officer of Borrower following due inquiry of the applicable subject matter.  Notwithstanding the foregoing, the named Authorized Officers and their successors are not parties to this Agreement and shall have no liability for a breach of any representation, warranty, covenant or agreement deemed to be made to their actual knowledge. 
"Borrower Party" and "Borrower Parties" shall mean each of Borrower, any SPE Component Entity, Sponsor, any Affiliated Manager and Guarantor. 
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"Business Day" shall mean a day on which commercial banks are not authorized or required by applicable law to close in New York, New York. 
"Cash Flow Adjustments" shall mean adjustments made by Lender in its calculation of Underwritable Cash Flow and the components thereof, in each case, based upon Lender and Rating Agency underwriting criteria, which such adjustments shall include, without limitation, adjustments (A) for (i) items of a non-recurring nature, (ii) a credit loss/vacancy allowance equal to the greater of actual vacancy and 5.0% and (iii) imminent liabilities and/or other expense increases (including, without limitation, imminent increases to Taxes and Insurance Premiums); and (B) to exclude rental income attributable to any Tenant (1) in bankruptcy that has not affirmed its Lease in the applicable bankruptcy proceeding pursuant to a final, non-appealable order of a court of competent jurisdiction, (2) not paying rent under its Lease or otherwise in monetary or material non-monetary default under its Lease beyond any applicable notice and cure periods, (3) that has provided written notice to Borrower that Tenant does not intend to renew its Lease or does intend to terminate, cancel and/or reject its applicable Lease, (4) whose tenancy at the Property is month-to-month and/or (5) under a Lease which expires within 6 months or less of the applicable date of calculation hereunder (unless and until each of the following requirements is satisfied with respect to such subclause (5): (a) all of the space demised thereunder has been re-let pursuant to a Lease entered into in accordance with the terms of this Agreement, (b) such replacement Lease shall have no remaining contingencies to effectiveness (other than the in-place Tenant vacating the space upon expiration of its Lease) and shall take effect and require the commencement of the payment of full unabated rent for the remainder of the term thereunder (other than any market free rent period that is discernible in length and for which Borrower has deposited into a reserve with Lender (to be disbursed by Lender, in its reasonable discretion) an amount equal to the unabated rent that would otherwise be due and payable with respect to such Lease during each unexpired free rent period if no rent concession were in place) concurrently with such expiration, (c) to the extent such replacement Lease(s) requires the landlord to perform or pay for any work and/or leasing commissions, Borrower shall deposit said amount into a reserve with Lender (to be disbursed by Lender, in its reasonable discretion) and (d) it being acknowledged that to the extent such replacement Lease shall provide for rental income that is less than the rental income set forth in the Lease that is being replaced, a commensurate downward adjustment to the base rental payments due with respect to the Lease being replaced in calculating Underwritable Cash Flow shall be required). 
"Cash Management Account" shall have the meaning set forth in Section 9.1 hereof. 
"Cash Management Agreement" shall mean that certain Cash Management Agreement dated as of the Closing Date between Borrower and Lender. 
"Cash Management Provisions" shall mean the representations, covenants and other terms and conditions of this Agreement and the other Loan Documents (including, without limitation, the Cash Management Agreement and the Restricted Account Agreement) related to, in each case, cash management and/or other related matters (including, without limitation, Article 9 hereof). 
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"Cash Management Violation" shall mean any violation of or failure to comply with, in each case, the Cash Management Provisions (including, without limitation, the Cash Management Provisions related to the timing of required deposits into the Restricted Account). 
"Casualty" shall have the meaning set forth in Section 7.2. 
"Casualty Consultant" shall have the meaning set forth in Section 7.4 hereof. 
"Cause" means, with respect to an Independent Director, (i) acts or omissions by such Independent Director that constitute willful disregard of, or bad faith with respect to, such Independent Director's duties under this Agreement, (ii) that such Independent Director has engaged in or has been charged with, or has been convicted of, fraud or other acts constituting a crime under any law applicable to such Independent Director, (iii) that such Independent Director is unable to perform his or her duties as Independent Director due to death, disability, incapacity, unavailability or other cause or (iv) that such Independent Director no longer meets the definition of Independent Director. 
"Closing Date" shall mean the date of the funding of the Loan. 
"Condemnation" shall mean a temporary or permanent taking by any Governmental Authority as the result, in lieu or in anticipation, of the exercise of the right of condemnation or eminent domain, of all or any part of the Property, or any interest therein or right accruing thereto, including any right of access thereto or any change of grade affecting the Property or any part thereof. 
"Constituent Owner" shall mean, as to any Person, any Person that owns a direct or indirect interest in such Person. 
"Contribution" shall have the meaning set forth in Section 17.20 hereof. 
"Control" shall mean the power to direct the management and policies of an entity, directly or indirectly, whether through the ownership of voting securities or other beneficial interests, by contract or otherwise.  The terms "Controlled" and "Controlling" shall have correlative meanings. 
"Covered Rating Agency Information" shall mean any Provided Information furnished to the Rating Agencies in connection with issuing, monitoring and/or maintaining the Securities. 
"Creditors Rights Laws" shall mean any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization, conservatorship, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to its debts or debtors. 
"Crowdfunded Person" means a Person capitalized primarily by monetary contributions (A) of less than $35,000 each from more than 35 investors who are individuals and (B) which are funded primarily (I) in reliance upon Regulation Crowdfunding promulgated by the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended and/or (II) 
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through internet-mediated registries, platforms or similar portals, mail-order subscriptions, benefit events and/or other similar methods. 
"DBRS Morningstar" shall mean DBRS, Inc. and its successor-in-interest. 
"Debt" shall mean the outstanding principal amount set forth in, and evidenced by, this Agreement and the Note together with all interest accrued and unpaid thereon and all other sums due to Lender in respect of the Loan under the Note, this Agreement or the other Loan Documents (including, without limitation, all costs and expenses payable to Lender thereunder). "Debt Service" shall mean, with respect to any particular period of time, scheduled principal (if applicable) and interest payments hereunder (including, as and to the extent applicable, interest accruing at the Default Rate). 
"Debt Service Account" shall have the meaning set forth in Section 9.1 hereof. 
"Debt Yield" shall mean, as of any date of calculation, a ratio conveyed as a percentage in which: (i) the numerator is the Underwritable Cash Flow; and (ii) the denominator is the then outstanding principal balance of the Loan. 
"Deemed Approval Requirements" shall mean, with respect to any matter, that (i) no Event of Default shall have occurred and be continuing (either at the date of any notices specified below or as of the effective date of  any deemed approval); (ii) a Securitization shall have occurred with respect to the entire Loan; (iii) in accordance with Article 14 hereof, Borrower shall have sent Lender and all other notice parties required pursuant to Article 14 hereof (including, without limitation, the master Servicer of the Loan) a written request for approval with respect to such matter in accordance with the applicable terms and conditions hereof (the "Initial Notice"), which such Initial Notice shall have been (A) accompanied by any and all required information and documentation relating thereto as may be reasonably required in order to approve or disapprove such matter (the "Approval Information") and (B) marked in bold lettering with the following language:  "LENDER'S RESPONSE IS REQUIRED WITHIN TEN (10) BUSINESS DAYS OF RECEIPT OF THIS NOTICE PURSUANT TO THE TERMS OF A LOAN AGREEMENT BETWEEN THE UNDERSIGNED AND LENDER" and the envelope containing the Initial Notice shall have been marked "PRIORITY-DEEMED APPROVAL MAY APPLY"; (iv) Lender shall have failed to respond to the Initial Notice within the aforesaid time-frame; (v) in accordance with Article 14 hereof, Borrower shall have sent Lender and all other notice parties required pursuant to Article 14 hereof (including, without limitation, the master Servicer of the Loan) a second written request for approval with respect to such matter in accordance with the applicable terms and conditions hereof (the "Second Notice"), which such Second Notice shall have been (A) accompanied by the Approval 
Information and (B) marked in bold lettering with the following language:  "LENDER'S RESPONSE IS REQUIRED WITHIN FIVE (5) BUSINESS DAYS OF RECEIPT OF THIS NOTICE PURSUANT TO THE TERMS OF A LOAN AGREEMENT BETWEEN THE 
UNDERSIGNED AND LENDER" and the envelope containing the Second Notice shall have been marked "PRIORITY-DEEMED APPROVAL MAY APPLY"; and (vi) Lender shall have failed to respond to the Second Notice within the aforesaid time-frame.  For purposes of clarification, Lender reasonably and in good faith requesting additional and/or clarified information, in addition to approving or denying any request (in whole or in part), shall be 
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deemed a response by Lender for purposes of the foregoing provided that Lender shall use commercially reasonable efforts to consolidate its review and responses for purposes of efficient resolution of such requests. 
"Default" shall mean the occurrence of any event hereunder or under the Note or the other Loan Documents which, but for the giving of notice or passage of time, or both, would be an Event of Default. 
"Default Rate" shall mean, with respect to the Loan, a rate per annum equal to the lesser of (i) the Maximum Legal Rate, or (ii) five percent (5%) above the Interest Rate. 
"Default Yield Maintenance Premium" shall mean an amount equal to the greater of (i) 5% of the amount of Debt prepaid or (ii) the Yield Maintenance Premium. 
"Defeasance Approval Item" shall have the meaning set forth in Section 2.8 hereof. 
"Defeasance Collateral Account" shall have the meaning set forth in Section 2.8 hereof. 
"Disclosure Documents" shall mean, collectively and as applicable, any offering circular, prospectus, prospectus supplement, private placement memorandum or other offering document, in each case, in connection with a Securitization. 
"Division" shall have the meaning set forth in Section 5.1 hereof. 
"EEA Financial Institution" means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 
"EEA Member Country" means any of the member states of the European Union, the United Kingdom, Iceland, Liechtenstein, and Norway. 
"EEA Resolution Authority" means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 
"Eligible Account" shall mean a separate and identifiable account from all other funds held by the holding institution that is an account or accounts maintained with a federal or statechartered depository institution or trust company which (a) complies with the definition of Eligible Institution, (b) has a combined capital and surplus of at least $50,000,000 and (c) has corporate trust powers and is acting in its fiduciary capacity.  An Eligible Account will not be evidenced by a certificate of deposit, passbook or other instrument. 
"Eligible Institution" shall mean (a) a depository institution or trust company insured by the Federal Deposit Insurance Corporation (i) in the case of accounts in which funds are held for thirty (30) days or less, the short term unsecured debt obligations or commercial paper of which 
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are rated at least "A-1" (or its equivalent) from each of the Rating Agencies and (ii) in the case of accounts in which funds are held for more than thirty (30) days, the long term unsecured debt obligations of which are rated at least "A" (or its equivalent) from each of the Rating Agencies or (b) such other depository institution otherwise approved by the Rating Agencies from time-totime. 
"Eligible Release Parcel" shall mean the approximately 25,000 square foot, three-story improved portion of the Property known as the “Executive Building”, as identified on the survey delivered to Lender in connection with closing the Loan, along with a small but commercially reasonable surrounding area of parking and/or access drive for purposes of redevelopment and construction activities on such Eligible Release Parcel following the Partial Release, which Eligible Release Parcel was not attributed any material value in the appraisal obtained in connection with the origination of the Loan or by Lender in determining the principal amount of the Loan.  
"Environmental Indemnity" shall mean that certain Environmental Indemnity Agreement, dated as of the date hereof, executed by Borrower and Guarantor in connection with the Loan for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. 
"Environmental Laws" shall have the meaning set forth in the Environmental Indemnity. 
"Equity Collateral" shall have the meaning set forth in Section 11.6 hereof. 
"ERISA" shall mean the Employee Retirement Income Security Act of 1974, as the same may heretofore have been or shall be amended, restated, replaced or otherwise modified. 
"Erroneous Payment" shall have the meaning set forth in Section 17.19 hereof. 
"EU Bail-In Legislation Schedule" means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 
"Event of Default" shall have the meaning set forth in Section 10.1 hereof. 
"Excess Cash Flow" shall have the meaning set forth in Section 9.3 hereof. 
"Excess Cash Flow Account" shall have the meaning set forth in Section 8.5 hereof. 
"Excess Cash Flow Funds" shall have the meaning set forth in Section 8.5 hereof. 
"Exchange Act" shall mean the Securities and Exchange Act of 1934, as amended. 
"Exculpated Parties" shall have the meaning set forth in Section 13.1 hereof. 
"Family Group" shall mean, as to any natural Person, the spouse, children and grandchildren (in each case, by birth or adoption) and other lineal descendants, in each case, of 
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such natural Person and, in each case, family trusts and/or conservatorships for the benefit of any of the foregoing Persons. 
"Federal Funds Rate" shall mean, for any day, the rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to the weighted average of the rates on overnight Federal funds transactions with member banks of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the next succeeding Business Day or, if such rate is not so published for any Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upwards, if necessary, to the next 1/100 of 1%) charged to Citibank, N.A. on the applicable day, as determined by Lender. 
"Fee Acquisition" shall have the meaning set forth in Section 4.23 hereof. 
"FIRRMA" shall mean, collectively, (i) the Defense Production Act of 1950, as amended (50 U.S.C. § 4565), all laws and regulations related thereto and all mandates, requirements, powers and similar requirements imposed or exercised thereunder (including, without limitation, the Foreign Investment Risk Review Modernization Act and any of the foregoing implemented by and/or otherwise relating to the Committee on Foreign Investment in the United States) and (ii) as the foregoing may be amended from time to time, any successor statute or statutes and all rules and regulations from time to time promulgated in connection with the foregoing. 
"FIRRMA Documents" means any notice, correspondence, document, agreement, declaration, or other communication relating to or arising in connection with FIRRMA; provided, however, that if the communication is oral, "FIRRMA Document" shall mean a written summary thereof prepared by Borrower. 
"FIRRMA Prohibited Filing Event" shall mean an event which shall be deemed to have occurred if (i) any mandatory filing or declaration relating to FIRRMA is required and/or (ii) any Governmental Authority requires (or recommends to the President of the United States) forfeiture, divestiture or abandonment of all or any portion of the Property and/or imposes any material mitigation measures on Borrower, the Constituent Owners of Borrower and/or the Property, in each case, related to FIRRMA. 
"FIRRMA Prohibited Transfer" shall mean any Sale or Pledge of the Property or any part thereof or any legal or beneficial interest therein (including, without limitation, the Loan and/or Loan Documents) or any Sale or Pledge of an interest in any Restricted Party, in each case, which (i) triggers a mandatory filing or declaration requirement with respect to FIRRMA, (ii) makes advisable a voluntary filing or declaration with respect to FIRRMA or (iii) increases the likelihood of (A) forfeiture, divestiture or abandonment of all or any portion of the Property relating to FIRRMA or (B) any mitigation measures being imposed by any Governmental Authority on Borrower, the Constituent Owners of Borrower and/or the Property, in each case, related to FIRRMA. 
"First Monthly Payment Date" shall mean August 6, 2022. 
"Fitch" shall mean Fitch, Inc. 
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"Flood Insurance Acts" shall have the meaning set forth in Section 7.1 hereof. 
"Funding Borrower" shall have the meaning set forth in Section 17.20 hereof. 
"GAAP" shall mean generally accepted accounting principles in the United States of America as of the date of the applicable financial report. 
"Government Securities" shall mean "government securities" as defined in Section 2(a)(16) of the Investment Company Act of 1940 and within the meaning of Treasury Regulation Section 1.860G-2(a)(8); provided, that, (i) such "government securities" are not subject to prepayment, call or early redemption, (ii) to the extent that any REMIC Requirements require a revised and/or alternate definition of "government securities" in connection with any defeasance hereunder, the foregoing shall be deemed amended in a manner commensurate therewith and (iii) the aforesaid laws and regulations shall be deemed to refer to the same as may be and/or may hereafter be amended, restated, replaced or otherwise modified. 
"Governmental Authority" shall mean any court, board, agency, commission, office or other authority of any nature whatsoever for any governmental unit (federal, state, county, district, municipal, city or otherwise) whether now or hereafter in existence. 
"Gross Rents" shall mean an amount equal to annual rental income reflected in a current rent roll for all Tenants paying rent, open for business and in actual physical occupancy of their respective space demised pursuant to Leases which are in full force and effect. 
"Ground Lease" shall mean, individually and collectively, (i) the "Ground Lease" as defined in the Security Instrument and (ii) the Ground Lease Estoppel. 
"Ground Lease Estoppel" shall mean those six (6) certain Estoppel and Agreements, one pertaining to each separate Ground Lease, executed by the respective Borrower and Ground Lessor in favor of Lender in connection with the Loan. 
"Ground Lessor" shall mean individually and collectively (i) THE AMERICAN 
HEART ASSOCIATION, INC., d/b/a THE AMERICAN HEART ASSOCIATION, INC. MIDATLANTIC AFFILIATE and its successors and/or assigns, as it pertains to five (5) of the Ground Leases, and (ii) WHLR-JANAF, LLC, as it pertains to the “Office” Ground Lease.  
"Ground Rent" shall mean any rent, additional rent, percentage rent or other charge payable by a tenant under the Ground Lease. 
"Ground Rent Account" shall have the meaning set forth in Section 8.9(a) hereof. 
"Ground Rent Reserve Funds" shall have the meaning set forth in Section 8.9(a) hereof. 
"Guarantor" shall mean Wheeler REIT, L.P., a Virginia limited partnership and any successor to and/or replacement of any of the foregoing Person, in each case, pursuant to and in accordance with the applicable terms and conditions of the Loan Documents. 
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"Guaranty" shall mean that certain Limited Recourse Guaranty executed by Guarantor and dated as of the date hereof. 
"Immediate Repair Account" shall have the meaning set forth in Section 8.1 hereof. 
"Immediate Repair Funds" shall have the meaning set forth in Section 8.1 hereof. 
"Immediate Repairs" shall have the meaning set forth in Section 8.1 hereof. 
"Improvements" shall have the meaning set forth in the granting clause of the Security Instrument. 
"Indebtedness" shall mean, for any Person, any indebtedness or other similar obligation for which such Person is obligated (directly or indirectly, by contract, operation of law or otherwise), including, without limitation, (i) all indebtedness of such Person for borrowed money, for amounts drawn under a letter of credit, or for the deferred purchase price of property for which such Person or its assets is liable, (ii) all unfunded amounts under a loan agreement, letter of credit, or other credit facility for which such Person would be liable if such amounts were advanced thereunder, (iii) all amounts required to be paid by such Person by contract and/or as a guaranteed payment (including, without limitation, any such amounts required to be paid to partners and/or as a preferred or special dividend, including any mandatory redemption of shares or interests), (iv) all indebtedness incurred and/or guaranteed by such Person, directly or indirectly (including, without limitation, contractual obligations of such Person), (v) all obligations under leases that constitute capital leases for which such Person is liable, (vi) all obligations of such Person under interest rate swaps, caps, floors, collars and other interest hedge agreements, in each case whether such Person is liable contingently or otherwise, as obligor, guarantor or otherwise, or in respect of which obligations such Person otherwise assures a creditor against loss and (vii) any property-assessed clean energy loans or similar indebtedness, including, without limitation, if such loans or indebtedness are made or otherwise provided by any Governmental Authority and/or secured or repaid (directly or indirectly) by any taxes or similar assessments. 
"Indemnified Parties" shall mean (a) Lender, (b) any successor owner or holder of the Loan or participations in the Loan, (c) any Servicer or prior Servicer of the Loan, (d) any Investor or any prior Investor in any Securities, (e) any trustees, custodians or other fiduciaries who hold or who have held a full or partial interest in the Loan for the benefit of any Investor or other third party, (f) any receiver or other fiduciary appointed in a foreclosure or other Creditors Rights Laws proceeding, (g) any officers, directors, shareholders, partners, members, employees, agents, servants, representatives, contractors, subcontractors, Affiliates or subsidiaries of any and all of the foregoing, and (h) the heirs, legal representatives, successors and assigns of any and all of the foregoing (including, without limitation, any successors by merger, Division, consolidation or acquisition of all or a substantial portion of the Indemnified Parties' assets and business), in all cases whether during the term of the Loan or as part of or following a foreclosure of the Loan. 
"Independent Director" shall have the meaning set forth in Section 5.2 hereof. 
"Insurance Account" shall have the meaning set forth in Section 8.6 hereof. 
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"Insurance Payment Date" shall mean, with respect to any applicable Policies, the date occurring 30 days prior to the date the applicable Insurance Premiums associated therewith are due and payable. 
"Insurance Premiums" shall have the meaning set forth in Section 7.1 hereof. 
"Interest Accrual Period" shall mean the period beginning on (and including) the sixth (6th) day of each calendar month during the term of the Loan and ending on (and including) the fifth (5th) day of the next succeeding calendar month. 
"Interest Rate" shall mean a rate per annum equal to 5.31%. 
"Interest Shortfall" shall have the meaning set forth in Section 2.7 hereof. 
"Investor" shall mean any investor or potential investor in the Loan (or any portion thereof or interest therein) in connection with any Secondary Market Transaction. 
"IRS Code" shall mean the Internal Revenue Code of 1986, as amended from time to time or any successor statute. 
"Land" shall have the meaning set forth in the Security Instrument. 
"Lease" shall have the meaning set forth in the Security Instrument. 
"Leasing Reserve Account" shall have the meaning set forth in Section 8.3 hereof. 
"Leasing Reserve Funds" shall have the meaning set forth in Section 8.3 hereof. 
"Leasing Reserve Monthly Deposit" shall have the meaning set forth in Section 8.3 hereof. 
"Legal Requirements" shall mean all federal, state, county, municipal and other governmental statutes, laws, rules, orders, regulations, ordinances, judgments, decrees and injunctions of Governmental Authorities affecting Borrower or the Property or any part thereof, or the construction, use, alteration or operation thereof, or any part thereof, whether now or hereafter enacted and in force, including, without limitation, the Americans with Disabilities Act of 1990, and all Permits, authorizations and regulations relating thereto, and all covenants, agreements, restrictions and encumbrances contained in any instruments, either of record or known to Borrower, at any time in force affecting Borrower or the Property or any part thereof, including, without limitation, any which may (i) require repairs, modifications or alterations in or to the Property or any part thereof, or (ii) in any way limit the use and enjoyment thereof. 
"Letter of Credit" shall mean an irrevocable, auto-renewing, unconditional, transferable, clean sight draft standby letter of credit having an initial term of not less than six (6) months and with automatic renewals for six (6) month periods (unless the obligation being secured by, or otherwise requiring the delivery of, such letter of credit is required to be performed at least thirty (30) days prior to the initial expiry date of such letter of credit), for which Borrower shall have no reimbursement obligation and which reimbursement obligation is not secured by the Property 
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or any other property pledged to secure the Note, in favor of Lender and entitling Lender to draw thereon in New York, New York, based solely on a statement that Lender has the right to draw thereon executed by an officer or authorized signatory of Lender.  A Letter of Credit must be issued by an Approved Bank.  Borrower's delivery of any Letter of Credit hereunder shall, at Lender's option, be conditioned upon Lender's receipt of a new Non-Consolidation Opinion relating to such Letter of Credit. 
"Liabilities" shall have the meaning set forth in Section 11.2 hereof. 
"Loan" shall mean the loan made by Lender to Borrower pursuant to this Agreement. 
"Loan Bifurcation" shall have the meaning set forth in Section 11.1 hereof. 
"Loan Documents" shall mean, collectively, this Agreement, the Note, the Security Instrument, the Environmental Indemnity, the Assignment of Management Agreement, the Guaranty and all other documents executed and/or delivered in connection with the Loan, as each of the same may be amended, restated, replaced, extended, renewed, supplemented or otherwise modified from time to time. 
"Losses" shall mean any and all losses, damages, costs, fees, expenses, claims, suits, judgments, awards, liabilities (including but not limited to strict liabilities), obligations, debts, diminutions in value, fines, penalties, charges, amounts paid in settlement, foreseeable and unforeseeable consequential damages, litigation costs and attorneys' fees, in the case of each of the foregoing, of whatever kind or nature and whether or not incurred in connection with any judicial or administrative proceedings, actions, claims, suits, judgments or awards. 
"Major Lease" shall mean as to the Property (i) any Lease which, individually or when aggregated with all other leases at the Property with the same Tenant or its Affiliate, either (A) accounts for 10% or more of the total rental income for the Property, or (B) demises 10% or more of the Property's gross leasable area, (ii) any Lease which contains any option, offer, right of first refusal or other similar entitlement to acquire or encumber all or any portion of the Property, (iii) intentionally omitted, and (iv) any instrument guaranteeing or providing credit support for any Lease meeting the requirements of (i), (ii) and/or (iii) above. 
"Management Agreement" shall mean each management agreement entered into by and between Borrower and Manager, pursuant to which Manager is to provide management and other services with respect to the Property, as the same may be amended, restated, replaced, extended, renewed, supplemented or otherwise modified from time to time. 
"Manager" shall mean Wheeler Real Estate, LLC, d/b/a Wheeler Real Estate Company, a Virginia limited liability company or such other entity selected as the manager of the Property in accordance with the terms of this Agreement or the other Loan Documents. 
"Material Action" shall mean with respect to any Person, any action to consolidate or merge such Person with or into any Person, or sell all or substantially all of the assets of such Person, or to institute proceedings to have such Person be adjudicated bankrupt or insolvent, or consent to the institution of bankruptcy or insolvency proceedings against such Person or file a 
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petition seeking, or consent to, reorganization or relief with respect to such Person under any applicable federal or state law relating to bankruptcy, or consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of such Person or a substantial part of its property, or make any assignment for the benefit of creditors of such Person, or admit in writing such Person's inability to pay its debts generally as they become due, or take action in furtherance of any such action, or, to the fullest extent permitted by law, dissolve or liquidate such Person. 
"Material Adverse Effect" shall mean a material adverse effect on (i) the Property, (ii) the business, profits, prospects, management, operations or condition (financial or otherwise) of Borrower, Guarantor, Sponsor or the Property, (iii) the enforceability, validity, perfection or priority of the lien of the Security Instrument or the other Loan Documents, or (iv) the ability of Borrower and/or Guarantor to perform its obligations under the Security Instrument or the other Loan Documents. 
"Maturity Date" shall mean the Stated Maturity Date or such other date on which the final payment of the principal amount of the Loan becomes due and payable as herein provided, whether at the Stated Maturity Date, by declaration of acceleration, or otherwise. 
"Maximum Legal Rate" shall mean the maximum non-usurious interest rate, if any, that at any time or from time to time may be contracted for, taken, reserved, charged or received on the indebtedness evidenced by the Note and as provided for herein or the other Loan Documents, under the laws of such state or states whose laws are held by any court of competent jurisdiction to govern the interest rate provisions of the Loan. 
"Member" is defined in Section 5.1 hereof. 
"Mezzanine Borrower" shall have the meaning set forth in Section 11.6 hereof. 
"Mezzanine Option" shall have the meaning set forth in Section 11.6 hereof. 
"Minimum Disbursement Amount" shall mean Ten Thousand and No/100 Dollars ($10,000). 
"Monthly Debt Service Payment Amount" shall mean for the First Monthly Payment Date and for each Monthly Payment Date occurring thereafter, a payment equal to the amount of interest which has accrued during the preceding Interest Accrual Period computed at the Interest Rate. 
"Monthly Ground Rent Deposit" shall have the meaning set forth in Section 8.9(a) hereof. 
"Monthly Insurance Deposit" shall have the meaning set forth in Section 8.6 hereof. 
"Monthly Payment Date" shall mean the First Monthly Payment Date and the sixth (6th) day of every calendar month occurring thereafter during the term of the Loan. 
"Monthly Tax Deposit" shall have the meaning set forth in Section 8.6 hereof. 
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"Moody's" shall mean Moody's Investors Service, Inc. 
"Net Proceeds" shall mean: (i) the net amount of all insurance proceeds payable as a result of a Casualty to the Property, after deduction of reasonable costs and expenses (including, but not limited to, reasonable attorneys' fees), if any, in collecting such insurance proceeds, or (ii) the net amount of the Award, after deduction of reasonable costs and expenses (including, but not limited to, reasonable attorneys' fees), if any, in collecting such Award. 
"Net Proceeds Deficiency" shall have the meaning set forth in Section 7.4 hereof. 
"New Manager" shall mean any Person replacing or becoming the assignee of the then current Manager, in each case, in accordance with the applicable terms and conditions hereof. 
"New Non-Consolidation Opinion" shall mean a substantive non-consolidation opinion provided by outside counsel acceptable to Lender and the Rating Agencies and otherwise in form and substance acceptable to Lender and the Rating Agencies. 
"Non-Conforming Policy" shall have the meaning set forth in Section 7.1 hereof. 
"Non-Consolidation Opinion" shall mean that certain substantive non-consolidation opinion delivered to Lender in connection with the closing of the Loan. 
"Note" shall mean that certain Promissory Note of even date herewith in the principal amount of $60,000,000.00, made by Borrower in favor of Lender, as the same may be amended, restated, replaced, extended, renewed, supplemented, severed, split, or otherwise modified from time to time. 
"Obligations" shall have the meaning set forth in Section 17.20 hereof. 
"OFAC" shall have the meaning set forth in Section 3.30 hereof. 
"Officer's Certificate" shall mean a certificate delivered to Lender by Borrower which is signed by Responsible Officer of Borrower. 
"Op Ex Monthly Deposit" shall have the meaning set forth in Section 8.4 hereof. 
"Operating Expense Account" shall have the meaning set forth in Section 8.4 hereof. 
"Operating Expense Funds" shall have the meaning set forth in Section 8.4 hereof. 
"Operating Expenses" shall mean the total of all expenditures, computed in accordance with the Approved Accounting Method, of whatever kind relating to the operation, maintenance and management of the Property that are incurred on a regular monthly or other periodic basis, including without limitation, (and without duplication) (a) utilities, ordinary repairs and maintenance, insurance, license fees, property taxes and assessments, advertising expenses, payroll and related taxes, computer processing charges, management fees (equal to the greater of (x) 3.0% of the sum of (A) Operating Income for the trailing twelve (12) month period plus (B) Gross Rents or (y) actual management fees payable under the Management Agreement), 
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operational equipment or other lease payments as approved by Lender, but specifically excluding (i) depreciation, (ii) Debt Service, (iii) non-recurring or extraordinary expenses, and (iv) deposits into the Reserve Funds; (b) normalized capital expenditures equal to $362,153 per annum; and (c) normalized tenant improvement and leasing commission expenditures equal to $365,213 per annum. 
"Operating Income" shall mean all income, computed in accordance with the Approved Accounting Method, derived from the ownership and operation of the Property from whatever source, including, but not limited to common area maintenance, real estate tax recoveries, utility recoveries, other miscellaneous expense recoveries, percentage rent and other miscellaneous income, but excluding rental income (other than percentage rent), sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, refunds and uncollectible accounts, sales of furniture, fixtures and equipment, interest income, insurance proceeds (other than business interruption or other loss of income insurance), Awards, unforfeited Security Deposits, utility and other similar deposits, non-recurring or extraordinary income, including, without limitation lease termination payments, and any disbursements to Borrower from the Reserve Funds.  Operating Income shall not be diminished as a result of the Security Instrument or the creation of any intervening estate or interest in the Property or any part thereof.  Notwithstanding the foregoing or anything to the contrary contained herein or in any other Loan Document, "Gross Rents" and "Operating Income" shall be calculated hereunder without duplication of one another or of any individual item contained within the definitions thereof. 
"Other Charges" shall mean all maintenance charges, impositions other than Taxes, and any other charges, vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Property, now or hereafter levied or assessed or imposed against the Property or any part thereof. 
"Outstanding Obligations Reserve Account" shall have the meaning set forth in Section 8.10 hereof. 
"Outstanding Obligations Reserve Funds" shall have the meaning set forth in Section 8.10 hereof. 
"Partial Release" shall have the meaning set forth in Section 2.9 hereof. 
"Partial Release Notice Date" shall have the meaning set forth in Section 2.9 hereof. 
"Patriot Act" shall have the meaning set forth in Section 3.30 hereof. 
"Payment Instructions" have the meaning set forth in Section 4.23 hereof. 
"Payment Recipient" shall have the meaning set forth in Section 17.19 hereof. 
"Payor Party" shall have the meaning set forth in Section 17.19 hereof. 
"Permits" shall mean all necessary certificates, licenses, permits, franchises, trade names, certificates of occupancy, consents, and other approvals (governmental and otherwise) required 
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under applicable Legal Requirements for the operation of the Property and the conduct of Borrower's business (including, without limitation, all required zoning, building code, land use, environmental, public assembly and other similar permits or approvals). 
"Permitted Encumbrances" shall mean collectively, (a) the lien and security interests created by this Agreement and the other Loan Documents, (b) all liens, encumbrances and other matters disclosed in the Title Insurance Policy, (c) liens, if any, for Taxes imposed by any Governmental Authority not yet due or delinquent, (d) the Leases existing as of the date hereof and any Leases entered into after the date hereof in accordance with this Agreement (but only with the rights as tenants only and with no purchase options or ROFRs or other prohibited matters under this Agreement) and (e) such other title and survey exceptions as Lender has approved or may approve in writing in Lender's sole discretion. 
"Permitted Equipment Leases" shall mean equipment leases or other similar instruments entered into with respect to the Personal Property; provided, that, in each case, such equipment leases or similar instruments (i) are entered into on commercially reasonable terms and conditions in the ordinary course of Borrower's business and (ii) relate to Personal Property which is (A) used in connection with the operation and maintenance of the Property in the ordinary course of Borrower's business and (B) readily replaceable without material interference or interruption to the operation of the Property. 
"Permitted Investments" shall mean "permitted investments" as then defined and required by the Rating Agencies. 
"Person" shall mean any individual, corporation (including a business trust), partnership, joint venture, joint stock company, limited liability company, estate, trust, unincorporated association, any federal, state, county or municipal government or any bureau, department, political subdivision or agency thereof and any other entity and, in each case, any fiduciary acting in such capacity on behalf of any of the foregoing. 
"Personal Property" shall have the meaning set forth in the granting clause of the Security Instrument. 
"Policies" shall have the meaning specified in Section 7.1 hereof. 
"Prior Owned Property" shall mean those certain parcels of property known as Parcel F-3 and Parcel GL-4, which were previously owned by Borrower in either fee or leasehold but which are not now owned and shall not after the Closing Date be owned by Borrower, and any interests and obligations related thereto. 
"Prohibited Entity" means any Person which (i) is a statutory trust or similar Person, (ii) owns a direct or indirect interest in Borrower or the Property through a tenancy-in-common or other similar form of ownership interest and/or (iii) is a Crowdfunded Person. 
"Prohibited Transfer" shall have the meaning set forth in Section 6.2 hereof. 
"Property" shall have the meaning set forth in the Security Instrument. 
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"Property Document" shall mean, individually and collectively (as the context may require), the Ground Lease and all easements and declarations which are insured as easement estates in the Title Insurance Policy and further specified in the legal description for the Property in the Security Instrument. 
"Property Document Event" shall mean any event which would, directly or indirectly, cause a termination right, right of first refusal, first offer or any other similar right, cause any termination fees to be due or would cause a Material Adverse Effect to occur under any Property Document (in each case, beyond any applicable notice and cure periods under the applicable 
Property Document); provided, however, any of the foregoing shall not be deemed a Property Document Event to the extent Lender's prior written consent is obtained with respect to the same. 
"Property Document Provisions" shall mean the representations, covenants and other terms and conditions of this Agreement and the other Loan Documents related to, in each case, any Property Document and/or other related matters (including, without limitation, Sections 3.34 and 4.22 of this Agreement). 
"Provided Information" shall mean any information provided by or on behalf of any Borrower Party in connection with the Loan, the Property, such Borrower Party and/or any related matter or Person. 
"Prudent Lender Standard" shall, with respect to any matter, be deemed to have been met if the matter in question (i) prior to a Securitization, is reasonably acceptable to Lender and (ii) after a Securitization, (A) if permitted by REMIC Requirements applicable to such matter, would be reasonably acceptable to Lender or (B) if the Lender discretion in the foregoing subsection (A) is not permitted under such applicable REMIC Requirements, would be acceptable to a prudent lender of securitized commercial mortgage loans. 
"Qualified Insurer" shall have the meaning set forth in Section 7.1 hereof. 
"Qualified Management Agreement" shall mean a management agreement with a Qualified Manager with respect to the Property which is approved by Lender in writing (which such approval may be conditioned upon Lender's receipt of a Rating Agency Confirmation with respect to such management agreement). 
"Qualified Manager" shall mean a Person approved by Lender in writing (which such approval may be conditioned upon Lender's receipt of a Rating Agency Confirmation with respect to such Person). 
"Rating Agencies" shall mean each of S&P, Moody's, Fitch and any other nationally recognized statistical rating agency designated by Lender (and any successor to any of the foregoing) in connection with and/or in anticipation of any Secondary Market Transaction. 
"Rating Agency Condition" shall be deemed to exist if (i) any Rating Agency fails to respond to any request for a Rating Agency Confirmation with respect to any applicable matter or otherwise elects (orally or in writing) not to consider any applicable matter or (ii) Lender (or its Servicer) is not required to and/or elects not to obtain (or cause to be obtained) a Rating 
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Agency Confirmation with respect to any applicable matter, in each case, pursuant to and in compliance with any pooling and servicing agreement(s) or similar agreement(s), in each case, relating to the servicing and/or administration of the Loan. 
"Rating Agency Confirmation" shall mean (i) prior to a Securitization or if the Rating Agency Condition exists, that Lender has (in consultation with the Rating Agencies (if required by Lender)) approved the matter in question in writing based upon Lender's good faith determination of applicable Rating Agency standards and criteria and (ii) from and after a Securitization (to the extent the Rating Agency Condition does not exist), a written affirmation from each of the Rating Agencies (obtained at Borrower's sole cost and expense) that the credit rating of the Securities by such Rating Agency immediately prior to the occurrence of the event with respect to which such Rating Agency Confirmation is sought will not be qualified, downgraded or withdrawn as a result of the occurrence of such event, which affirmation may be granted or withheld in such Rating Agency's sole and absolute discretion. 
"Registrar" shall have the meaning set forth in Section 11.7 hereof. 
"Regulation AB" shall mean Regulation AB under the Securities Act and the Exchange Act, as such Regulation may be amended from time to time. 
"Reimbursement Contribution" shall have the meaning set forth in Section 17.20 hereof. 
"REIT Transfers" shall mean the following Transfers: 
(1)the issuance, sale, conveyance, transfer or other disposition (each, a "REIT Share Transfer") of any shares of stock (the "REIT Shares") in Wheeler Real Estate Investment Trust, Inc. (the "REIT"), or of the Constituent Owners which are stockholders therein, so long as (A) at the time of the REIT Share Transfer, REIT Shares are listed on the NASDAQ Capital Market or any other nationally recognized stock exchange (any such stock exchange, a "Recognized Stock Exchange"), and (B) the REIT Share Transfer does not result in or cause a Change of Control (as hereinafter defined) of the REIT, Wheeler REIT, L.P. (the "OP") or Borrower; or 
(2)the issuance, sale, conveyance, transfer or other disposition (each an "OP Transfer") of any limited partnership interests (the "OP Interests") in the OP so long as (A) at the time of the OP Transfer, REIT Shares are listed on a Recognized Stock Exchange, (B) the OP Transfer does not result in or cause a Change of Control of the REIT, OP or Borrower, and (C) the OP Transfer does not result in any Person (excluding the REIT), together with its Affiliates, having a 10% or greater ownership interest in the OP; or 
(3)the issuance, sale, conveyance, transfer or other disposition (each a "Borrower Interest Transfer"), of any direct membership interests in Borrower (the "Borrower Interests") as long as (A) the Borrower Interest Transfer does not result in or cause a Change of Control of Borrower and (B) the Borrower Interest Transfer does not 
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result in any Person (excluding the OP and REIT), together with its Affiliates, having a 10% or greater ownership interest in Borrower. 
For purposes of this definition, a "Change of Control" shall happen when any of the following occur: (i) OP is no longer the owner of at least a 51% ownership interest in Borrower and in Control of Borrower, (ii) the REIT reduces its ownership interest in OP below 80%, is no longer the sole general partner of OP or otherwise ceases to Control the OP and Borrower, (iii) the OP is no longer the guarantor/indemnitor of the Loan, (iv) any Person, together with its Affiliates, acquires more than 20% of the REIT Shares in one or a series of transactions, (v) the individuals comprising the Board of Directors of the REIT, as the same exists for the twelve (12) month period immediately prior to the REIT Transfer, fail to represent a majority of the Board of Directors of the REIT as of the date of completion of the REIT Transfer and for a period of six (6) months following the REIT Transfer, (vi) the REIT enters into a merger, consolidation or other business combination, or a sale of all or substantially all of the REIT's assets and/or ownership interests which results in the OP and Borrower no longer being Controlled by the REIT, or (vii) there is any other change of the day-to-day control of Borrower, the REIT or the Property (other than a change in any Manager in accordance with the Loan Documents).  For purposes of determining the occurrence of (v) above, the following shall be expressly excluded: any change in directors resulting from (y) the death or incapacity of any director and/or (z) the resignation or removal of any director for reasons unrelated to a REIT Share Transfer, provided that any replacement director has been approved by a vote of at least a majority (or such higher percentage as may be required by the governing documents of the REIT) of the board of directors of the REIT then in office. 
"Release Date" shall mean the earlier to occur of (i) the fourth anniversary of the Closing Date and (ii) the date that is two (2) years from the "startup day" (within the meaning of Section 860G(a)(9) of the IRS Code) of the REMIC Trust established in connection with the last Securitization involving any portion of or interest in the Loan. 
"Released Parcel" shall have the meaning set forth in Section 2.9 hereof. 
"REMIC Opinion" shall mean, as to any matter, an opinion as to the compliance of such matter with applicable REMIC Requirements (which such opinion shall be, in form and substance and from a provider, in each case, reasonably acceptable to Lender and acceptable to the Rating Agencies). 
"REMIC Payment" shall have the meaning set forth in Section 7.3 hereof. 
"REMIC Requirements" shall mean any applicable legal requirements relating to any REMIC Trust (including, without limitation, those relating to the continued treatment of the Loan (or the applicable portion thereof and/or interest therein) as a "qualified mortgage" held by such REMIC Trust, the continued qualification of such REMIC Trust as such under the IRS Code, the non-imposition of any tax on such REMIC Trust under the IRS Code (including, without limitation, taxes on "prohibited transactions" and "contributions") and any other constraints, rules and/or other regulations and/or requirements relating to the servicing, modification and/or other similar matters with respect to the Loan (or any portion thereof and/or interest therein) that may 
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now or hereafter exist under applicable legal requirements (including, without limitation under the IRS Code)). 
"REMIC Trust" shall mean any "real estate mortgage investment conduit" within the meaning of Section 860D of the IRS Code that holds any interest in all or any portion of the Loan. 
"Rent Roll" shall have the meaning set forth in Section 3.18 hereof. 
"Rent Loss Proceeds" shall have the meaning set forth in Section 7.1 hereof. 
"Rents" shall have the meaning set forth in the Security Instrument. 
"Replacement Reserve Account" shall have the meaning set forth in Section 8.2 hereof. 
"Replacement Reserve Funds" shall have the meaning set forth in Section 8.2 hereof. 
"Replacement Reserve Monthly Deposit" shall have the meaning set forth in 
Section 8.2 hereof. 
"Replacements" for any period shall mean replacements and/or alterations to the Property; provided, that, the same are (i) required to be capitalized according to the Approved Accounting Method and (ii) reasonably approved by Lender. 
"Reporting Failure" shall have the meaning set forth in Section 4.12 hereof. 
"Required Financial Item" shall have the meaning set forth in Section 4.12 hereof. 
"Reserve Accounts" shall mean the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account). 
"Reserve Funds" shall mean the Tax and Insurance Funds, the Replacement Reserve Funds, the Immediate Repair Funds, the Leasing Reserve Funds, the Excess Cash Flow Funds, the Operating Expense Funds, the Ground Rent Reserve Funds and any other escrow funds established by this Agreement or the other Loan Documents. 
"Reserve Waiver Conditions" shall mean each of the following: (i) no Event of Default has occurred and is continuing, (ii) the Lease with the applicable Reserve Waiver Tenant is in full force and effect with no defaults thereunder, (iii) the Reserve Waiver Tenant continues to make the payments and perform the obligations required under its Lease, in each case, relating to the obligations and liabilities for which the applicable Reserve Account was established and Borrower delivers evidence of the same to Lender along with its annual financial reporting and at any other time reasonably requested by Lender, (iv) the Reserve Waiver Tenant is not bankrupt or insolvent, and (v) the Reserve Waiver Tenant has not expressed its intention in writing to 
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terminate, cancel or default under its Lease (including, without limitation, in connection with any rejection in any bankruptcy or similar insolvency proceeding).  
"Reserve Waiver Tenant" shall mean “BJ’s”.  
"Responsible Officer" means with respect to a Person, the chairman of the board, president, chief operating officer, chief financial officer, treasurer or vice president of such Person or such other similar officer of such Person reasonably acceptable to Lender. 
"Restoration" shall mean, following the occurrence of a Casualty or a Condemnation which is of a type necessitating the repair of the Property (or any portion thereof), the completion of the repair and restoration of the Property (or applicable portion thereof) as nearly as possible to the condition the Property (or applicable portion thereof) was in immediately prior to such Casualty or Condemnation, with such alterations as may be reasonably approved by Lender. 
"Restoration Retainage" shall have the meaning set forth in Section 7.4 hereof. 
"Restoration Threshold" shall mean an amount equal to 5% of the outstanding principal amount of the Loan. 
"Restricted Account" shall have the meaning set forth in Section 9.1 hereof. 
"Restricted Account Agreement" shall mean that certain Deposit Account Control Agreement by and among Borrower, Lender and KeyBank dated as of the date hereof, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with the terms hereof. 
"Restricted Party" shall have the meaning set forth in Section 6.1 hereof. 
"Sale or Pledge" shall have the meaning set forth in Section 6.1 hereof. 
"Sanctions" shall have the meaning set forth in Section 3.30 hereof. 
"Sanctions Authority" shall have the meaning set forth in Section 3.30 hereof. 
"Sanctioned Jurisdiction" shall have the meaning set forth in Section 3.30 hereof. 
"Sanctioned Person" shall have the meaning set forth in Section 3.30 hereof. 
"Scheduled Defeasance Payments" shall mean scheduled payments of interest and principal hereunder (with respect to a Total Defeasance) for all Monthly Payment Dates occurring after the Total Defeasance Date and up to and including the Stated Maturity Date (including, with respect to a Total Defeasance, the outstanding principal balance and accrued interest on the Loan as of the Stated Maturity Date), and all payments required after the Total Defeasance Date, if any, under the Loan Documents for servicing fees, rating surveillance charges (to the extent applicable) and other similar charges. 
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"Secondary Market Transaction" shall have the meaning set forth in Section 11.1 hereof. 
"Securities" shall have the meaning set forth in Section 11.1 hereof. 
"Securities Act" shall mean the Securities Act of 1933, as amended. 
"Securitization" shall have the meaning set forth in Section 11.1 hereof. 
"Security Agreement" shall mean a pledge and security agreement in form and substance satisfying the Prudent Lender Standard pursuant to which Borrower grants Lender a perfected, first priority security interest in the Defeasance Collateral Account and the Total Defeasance Collateral. 
"Security Deposits" shall mean any advance deposits or any other deposits collected with respect to the Property, whether in the form of cash, letter(s) of credit or other cash equivalents (including, without limitation, such deposits made in connection with any Lease). 
"Security Instrument" shall mean that certain first priority Fee and Leasehold Deed of Trust and Security Agreement dated as of the date hereof, executed and delivered by Borrower as security for the Loan and encumbering the Property, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. 
"Servicer" shall have the meaning set forth in Section 11.4 hereof. 
"Severed Loan Documents" shall have the meaning set forth in Article 10. 
"Significant Obligor" shall have the meaning set forth in Item 1101(k) of Regulation AB under the Securities Act. 
"Single Purpose Entity" shall mean an entity whose structure and organizational and governing documents are otherwise in form and substance acceptable to the Rating Agencies and satisfying the Prudent Lender Standard. 
"Special Member" is defined in Section 5.1 hereof. 
"SPE Component Entity" shall have the meaning set forth in Section 5.1 hereof. 
"Sponsor" shall mean Guarantor and Wheeler Real Estate Investment Trust, Inc. 
"S&P" shall mean S&P Global Ratings, a Standard & Poor's Financial Services LLC business. 
"State" shall mean the state in which the Property or any part thereof is located. 
"Stated Maturity Date" shall mean July 6, 2032. 
"Successor Borrower" shall have the meaning set forth in Section 2.8 hereof. 
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"Survey" shall mean that certain survey of the Property delivered to Lender in connection with the closing of the Loan. 
"Tax Account" shall have the meaning set forth in Section 8.6 hereof. 
"Tax and Insurance Funds" shall have the meaning set forth in Section 8.6 hereof. 
"Taxes" shall mean all taxes, assessments, water rates, sewer rents, and other governmental impositions, including, without limitation, vault charges and license fees for the use of vaults, chutes and similar areas adjoining the Land, now or hereafter levied or assessed or imposed against the Property or any part thereof. 
"Tax Payment Date" shall mean, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable. 
"Tenant" shall mean any Person leasing, subleasing or otherwise occupying any portion of the Property under a Lease or other occupancy agreement. 
"Tenant Direction Notice" shall have the meaning set forth in Section 9.2 hereof. 
"Title Insurance Policy" shall mean that certain ALTA mortgagee title insurance policy issued with respect to the Property and insuring the lien of the Security Instrument. 
"Total Defeasance Collateral" shall mean Government Securities, which provide payments (i) on or prior to, but as close as possible to, the Business Day immediately preceding all Monthly Payment Dates and other scheduled payment dates, if any, hereunder after the Total Defeasance Date and up to and including the Stated Maturity Date, and (ii) in amounts equal to or greater than the Scheduled Defeasance Payments relating to such Monthly Payment Dates and other scheduled payment dates. 
"Total Defeasance Date" shall have the meaning set forth in Section 2.8 hereof. 
"Total Defeasance Event" shall have the meaning set forth in Section 2.8 hereof. 
"Trigger Period" shall mean a period (A) commencing upon the earliest of (i) the occurrence and continuance of an Event of Default, (ii) the Debt Yield falling below 8.0% (unless Borrower immediately satisfies (and, to the extent any future deposits are required under the definition of "Avoidance Conditions", continues to satisfy), within five (5) Business Days thereof, the Avoidance Conditions in full), and (iii) intentionally omitted; and (B) expiring upon (x) with regard to any Trigger Period commenced in connection with clause (i) above, the cure (if applicable) of such Event of Default, (y) with regard to any Trigger Period commenced in connection with clause (ii) above, the date that (I) the Debt Yield is equal to or greater than 8.25% for two (2) consecutive calendar quarters or (II) Borrower satisfies (and, to the extent any future deposits are required under the definition of "Avoidance Conditions", continues to satisfy), the Avoidance Conditions in full, and (z) intentionally omitted.  Notwithstanding the foregoing, a Trigger Period shall not be deemed to expire in the event that a Trigger Period then exists for any other reason. 
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"True Up Payment" shall mean a payment into the applicable Reserve Account of a sum which, together with any applicable monthly deposits into the applicable Reserve Account, will be sufficient to discharge the obligations and liabilities for which such Reserve Account was established as and when reasonably appropriate.  The amount of the True Up Payment shall be determined by Lender in its reasonable discretion and shall be final and binding absent manifest error. 
"UCC" or "Uniform Commercial Code" shall mean the Uniform Commercial Code as in effect in the State. 
"Underwritable Cash Flow" shall mean an amount calculated by Lender on a monthly basis equal to the sum of Gross Rents plus the trailing twelve (12) months Operating Income, less the trailing twelve (12) months Operating Expenses, each of which shall be subject to Lender's application of the Cash Flow Adjustments.  Lender's calculation of Underwritable Cash 
Flow (including determination of items that do not qualify as Operating Income or Operating Expenses) shall be calculated by Lender in good faith based upon Lender's determination of Rating Agency criteria and shall be final absent manifest error. 
"Underwriter Group" shall have the meaning set forth in Section 11.1 hereof. 
"Updated Information" shall have the meaning set forth in Section 11.1 hereof. 
"Upfront Ground Rent Reserve Deposit" shall have the meaning set forth in 
Section 8.9(a) hereof. 
"U.S. Obligations" shall mean direct full faith and credit obligations of the United States of America that are not subject to prepayment, call or early redemption. 
"Work Charge" shall have the meaning set forth in Section 4.16 hereof. 
"Write-Down and Conversion Powers" means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which writedown and conversion powers are described in the EU Bail-In Legislation Schedule. 
"Yield Maintenance Premium" shall mean an amount equal to the greater of (a) an amount equal to 1% of the amount prepaid; or (b) an amount equal to the present value as of the date on which the prepayment is made of the Calculated Payments (as defined below) from the date on which the prepayment is made through the Stated Maturity Date determined by discounting such payments at the Discount Rate (as defined below).   As used in this definition, the term "Calculated Payments" shall mean the monthly payments of interest only which would be due based on the principal amount of the Loan being prepaid on the date on which prepayment is made and assuming an interest rate per annum equal to the difference (if such difference is greater than zero) between (y) the Interest Rate and (z) the Yield Maintenance Treasury Rate (as defined below).  As used in this definition, the term "Discount Rate" shall mean the rate which, when compounded monthly, is equivalent to the Yield Maintenance Treasury Rate (as defined below), when compounded semi-annually.  As used in this definition, the term "Yield 
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Maintenance Treasury Rate" shall mean the yield calculated by Lender by the linear interpolation of the yields, as reported in the Federal Reserve Statistical Release H.15Selected Interest Rates under the heading "U.S. Government Securities/Treasury Constant Maturities" for the week ending prior to the date on which prepayment is made, of U.S. Treasury Constant Maturities with maturity dates (one longer or one shorter) most nearly approximating the Stated Maturity Date.  In the event Release H.15 is no longer published, Lender shall select a comparable publication to determine the Yield Maintenance Treasury Rate.  In no event, however, shall Lender be required to reinvest any prepayment proceeds in U.S. Treasury obligations or otherwise.  Lender shall notify Borrower of the amount and the basis of determination of the required prepayment consideration.  Lender's calculation of the Yield Maintenance Premium shall be conclusive absent manifest error. 
    Section 1.2.     Principles of Construction. 
All references to sections and schedules are to sections and schedules in or to this Agreement unless otherwise specified.  All uses of the word "including" shall mean "including, without limitation" unless the context shall indicate otherwise.  Unless otherwise specified, the words "hereof," "herein" and "hereunder" and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement.  Unless otherwise specified, all meanings attributed to defined terms herein shall be equally applicable to both the singular and plural forms of the terms so defined. 
ARTICLE 2 
 
GENERAL TERMS 
Section 2.1. Loan Commitment; Disbursement to Borrower.  Except as expressly and specifically set forth herein, Lender has no obligation or other commitment to loan any funds to Borrower or otherwise make disbursements to Borrower.  Borrower hereby waives any right Borrower may have to make any claim to the contrary. 
Section 2.2. The Loan.  Subject to and upon the terms and conditions set forth herein, Lender hereby agrees to make and Borrower hereby agrees to accept the Loan on the Closing Date. 
Section 2.3. Disbursement to Borrower.  Borrower may request and receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be re-borrowed. 
Section 2.4. The Note and the other Loan Documents.  The Loan shall be evidenced by the Note and this Agreement and secured by this Agreement and the other Loan Documents. 
    Section 2.5.     Interest Rate. 
(1)Interest on the outstanding principal balance of the Loan shall accrue from the Closing Date at the Interest Rate until repaid in accordance with the applicable terms and conditions hereof. 
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(2)Intentionally Omitted. 
(3)In the event that, and for so long as, any Event of Default shall have occurred and be continuing, (i) the then outstanding principal balance of the Loan and, to the extent permitted by applicable law, overdue interest in respect of the Loan, shall accrue interest at the Default Rate, calculated from the date the applicable Default occurred without regard to any grace or cure periods contained herein, (ii) without limitation of any rights or remedies contained herein and/or in any other Loan Document, any interest accrued at the Default Rate in excess of the interest component of the Monthly Debt Service Payment Amount shall, to the extent not already paid and/or due and payable hereunder, be due and payable on each Monthly Payment Date and (iii) all references herein and/or in any other Loan Document to the "Interest Rate" shall be deemed to refer to the Default Rate. 
(4)Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year (that is, the Interest Rate or the Default Rate, as then applicable, expressed as an annual rate divided by 360) by (c) the outstanding principal balance.  The accrual period for calculating interest due on each Monthly Payment Date shall be the Interest Accrual Period immediately prior to such Monthly Payment Date.  Borrower understands and acknowledges that such interest accrual requirement results in more interest accruing on the Loan than if either a thirty (30) day month and a three hundred sixty (360) day year or the actual number of days and a three hundred sixty-five (365) day year were used to compute the accrual of interest on the Loan. 
(5)This Agreement and the other Loan Documents are subject to the express condition that at no time shall Borrower be required to pay interest on the principal balance of the Loan (including, to the extent applicable, any prepayment premium and/or penalty) at a rate which could subject Lender to either civil or criminal liability as a result of being in excess of the Maximum Legal Rate.  If by the terms of this Agreement or the other Loan Documents, Borrower is at any time required or obligated to pay interest on the principal balance due hereunder (including, to the extent applicable, any prepayment premium and/or penalty) at a rate in excess of the Maximum Legal Rate, the Interest Rate or the Default Rate, as the case may be, and/or, to the extent applicable, any prepayment premium and/or penalty shall, in each case, be deemed to be immediately reduced to the Maximum Legal Rate and all previous payments in excess of the Maximum Legal Rate shall be deemed to have been payments in reduction of principal and not on account of the interest due hereunder.  All sums paid or agreed to be paid to Lender for the use, forbearance, or detention of the sums due under the Loan, shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term of the Loan until payment in full so that the rate or amount of interest on account of the Loan (including, to the extent applicable, any prepayment premium and/or penalty) does not exceed the Maximum Legal Rate from time to time in effect and applicable to the Loan for so long as the Loan is outstanding. 
(6)Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any of the following Persons, Borrower, each Borrower Party and Lender acknowledge that any liability of any EEA Financial Institution 
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arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by (i) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and (ii) the effects of any Bail-in Action on any such liability, including, if applicable (A) a reduction in full or in part or cancellation of any such liability; (B) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; and/or (C) the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 
    Section 2.6.     Loan Payments. 
(1)Borrower shall make a payment to Lender of interest only on the Closing Date for the period from (and including) the Closing Date through (but excluding) the sixth (6th) day of either (i) the month in which the Closing Date occurs (if such Closing Date is after the first day of such month, but prior to the sixth (6th) day of such month) or (ii) if the Closing Date is after the sixth (6th) day of the then current calendar month, the month following the month in which the Closing Date occurs; provided, however, if the Closing Date is the sixth (6th) day of a calendar month, no such separate payment of interest shall be due.  Borrower shall make a payment to Lender of interest and, to the extent applicable, principal in the amount of the Monthly Debt Service Payment Amount on the First Monthly Payment Date and on each Monthly Payment Date occurring thereafter to and including the Maturity Date.  Each payment shall be applied first to accrued and unpaid interest and the balance to principal. 
(2)Intentionally Omitted. 
(3)Borrower shall pay to Lender on the Maturity Date the outstanding principal balance of the Loan, all accrued and unpaid interest and all other amounts due hereunder and under the Note, the Security Instrument and the other Loan Documents. 
(4)If any principal, interest or any other sum due under the Loan Documents, other than the payment of principal due on the Maturity Date, is not paid by Borrower on the date on which it is due, Borrower shall pay to Lender upon demand an amount equal to the lesser of five percent (5%) of such unpaid sum or the maximum amount permitted by applicable law in order to defray the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment.  Any such amount shall be secured by the Security Instrument and the other Loan Documents. 
(a)Except as otherwise specifically provided herein, all payments and prepayments under this Agreement and the Note shall be made to Lender not later than 1:00 P.M., New York City time, on the date when due and shall be made in lawful money of the United States of America in immediately available funds at Lender's office, and 
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any funds received by Lender after such time shall, for all purposes hereof, be deemed to have been paid on the next succeeding Business Day. 
(b)Whenever any payment to be made hereunder or under any other Loan Document shall be stated to be due on a day which is not a Business Day, the due date thereof shall be deemed to be the immediately preceding Business Day. 
(c)All payments required to be made by Borrower hereunder or under the Note or the other Loan Documents shall be made irrespective of, and without deduction for, any setoff, claim or counterclaim and shall be made irrespective of any defense thereto. 
    Section 2.7.     Prepayments. 
(1)Except as otherwise provided herein, Borrower shall not have the right to prepay the Loan in whole or in part.  On or after the Monthly Payment Date occurring three (3) months prior to the Stated Maturity Date, Borrower may, provided no Event of Default has occurred and is continuing, at its option and upon thirty (30) days prior notice to Lender (or such shorter period of time as may be permitted by Lender in its sole discretion), prepay the Debt in whole on any date without payment of any prepayment premium or penalty (including, without limitation, any Default Yield Maintenance Premium).  Any prepayment received by Lender on a date other than a Monthly Payment Date shall include interest which would have accrued thereon to the next Monthly Payment Date (such amounts, the "Interest Shortfall") and such amounts (i.e., principal and interest prepaid by Borrower) shall be held by Lender as collateral security for the Loan in an interest bearing Eligible Account at an Eligible Institution, with interest accruing on such amounts to the benefit of Borrower; such amounts prepaid shall be applied to the Loan on the next Monthly Payment Date, with any interest on such funds paid to Borrower on such date provided no Event of Default then exists. 
(2)On each date on which Lender actually receives a distribution of Net Proceeds, and if Lender does not make such Net Proceeds available for Restoration or for disbursement as Rent Loss Proceeds (as applicable), in each case, in accordance with the applicable terms and conditions hereof, Borrower shall, at Lender's option, prepay the Debt in an amount equal to one hundred percent (100%) of such Net Proceeds together with any applicable Interest Shortfall.  Borrower shall make the REMIC Payment as and to the extent required hereunder.  No prepayment premium or penalty (including, without limitation, any Default Yield Maintenance Premium) shall be due in connection with any prepayment made pursuant to this Section 2.7(b) (including, without limitation, in connection with any REMIC Payment).  Any prepayment received by Lender pursuant to this Section 2.7(b) on a date other than a Monthly Payment Date shall be held by Lender as collateral security for the Loan in an interest bearing, Eligible Account at an Eligible Institution, with such interest accruing to the benefit of Borrower, and shall be applied by Lender on the next Monthly Payment Date, with any interest on such funds paid to Borrower on such date provided no Event of Default then exists. 
(3)After the occurrence and during the continuance of an Event of Default and notwithstanding any acceleration of the Debt in accordance with the applicable terms and conditions hereof, the Default Yield Maintenance Premium shall, in all cases, be deemed a 
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portion of the Debt due and owing hereunder and under the other Loan Documents.  Without limitation of the foregoing, if, after the occurrence and during the continuance of an Event of Default, (i) payment of all or any part of the Debt is tendered by Borrower (voluntarily or involuntarily), a purchaser at foreclosure or any other Person, (ii) Lender obtains a recovery of all or a portion of the Debt (through an exercise of remedies hereunder or under the other Loan Documents or otherwise) or (iii) the Debt is deemed satisfied (in whole or in part) through an exercise of remedies hereunder or under the other Loan Documents or at law, the Default Yield Maintenance Premium, in addition to the outstanding principal balance, all accrued and unpaid interest and other amounts payable under the Loan Documents, shall be deemed due and payable hereunder.  Notwithstanding anything to the contrary contained herein or in any other Loan Document, (i) any prepayment of the Debt shall be applied to the Debt in such order and priority as may be determined by Lender in its sole discretion and (ii) the word "prepayment" when used herein and in the other Loan Documents shall also be deemed to mean repayment and payment. 
    Section 2.8.     Defeasance. 
(1)Total Defeasance.   
(i) Provided no Event of Default shall have occurred and remain uncured, Borrower shall have the right at any time after the Release Date and prior to the Maturity Date to voluntarily defease the entire Loan and obtain a release of the lien of the Security Instrument by providing Lender with the Total Defeasance Collateral (hereinafter, a "Total Defeasance Event"), subject to the satisfaction of the following conditions precedent: 
(i)Borrower shall provide Lender not less than thirty (30) days' notice (or such shorter period of time if permitted by Lender in its sole discretion) but not more than ninety (90) days' notice specifying a date (the "Total Defeasance Date") on which the Total Defeasance Event is to occur; 
(ii)Unless otherwise agreed to in writing by Lender, Borrower shall pay to Lender (1) all payments of principal and interest due and payable on the Loan to and including the Total Defeasance Date (provided, that, if such Total 
Defeasance Date is not a Monthly Payment Date, Borrower shall also pay to Lender all payments of principal and interest due on the Loan to and including the next occurring Monthly Payment Date); (2) all other sums, if any, due and payable under the Note, this Agreement, the Security Instrument and the other Loan Documents through and including the Total Defeasance Date (or, if the 
Total Defeasance Date is not a Monthly Payment Date, the next occurring Monthly Payment Date); (3) all escrow, closing, recording, legal, Rating Agency and other fees, costs and expenses paid or incurred by Lender or its agents in connection with the Total Defeasance Event, the release of the lien of Security Instrument on the Property, the review of the proposed Defeasance Collateral and the preparation of the Security Agreement, the Defeasance Collateral Account Agreement and related documentation; and (4) any revenue, documentary stamp, 
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intangible or other taxes, charges or fees due in connection with the transfer or assumption of the Note or the Total Defeasance Event; 
(iii)Borrower shall deposit the Total Defeasance Collateral into the Defeasance Collateral Account and otherwise comply with the provisions of Section 2.8(c) hereof; 
(iv)Borrower shall execute and deliver to Lender a Security Agreement in respect of the Defeasance Collateral Account and the Total Defeasance Collateral; 
(v)Borrower shall deliver to Lender (1) an opinion of counsel for Borrower that is standard in commercial lending transactions and subject only to customary qualifications, assumptions and exceptions opining, among other things, that (I) Lender has a legal and valid perfected first priority security interest in the Defeasance Collateral Account and the Total Defeasance Collateral; (II) the Total Defeasance Event will not result in a deemed exchange for purposes of the IRS Code and will not adversely affect the status of the Note as indebtedness for federal income tax purposes; and (III) delivery of the Total Defeasance Collateral and the grant of a security interest therein to Lender shall not constitute an avoidable preference under Section 547 of the Bankruptcy Code or applicable state law; (2) a REMIC Opinion with respect to the Total Defeasance Event; and (3) a New Non-Consolidation Opinion with respect to Successor Borrower; 
(vi)Borrower shall deliver to Lender a Rating Agency Confirmation as to the Total Defeasance Event; 
(vii)Borrower shall deliver an Officer's Certificate certifying that the requirements set forth in this Section 2.8 have been satisfied; 
(viii)Borrower shall deliver a certificate of a nationally recognized public accounting firm acceptable to Lender certifying that the Total Defeasance Collateral will generate monthly amounts equal to or greater than the Scheduled Defeasance Payments; and 
(ix)Borrower shall deliver such other certificates, opinions, documents and instruments as Lender may reasonably request. 
(ii) If Borrower has elected to defease the entire Loan and the requirements of this Section 2.8 have been satisfied, the Property shall be released from the lien of the Security Instrument and the Total Defeasance Collateral pledged pursuant to the Security Agreement shall be the sole source of collateral securing the Loan.  In connection with the release of the lien, Borrower shall submit to Lender, not less than thirty (30) days prior to the Total Defeasance Date (or such shorter time as is acceptable to Lender in its sole discretion), a release of lien (and related Loan Documents) for execution by Lender.  Such release shall be in a form appropriate in the jurisdiction in which the Property is located and that contains standard provisions protecting the rights of the releasing lender.  In addition, Borrower shall provide all other documentation Lender reasonably requires 
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to be delivered by Borrower in connection with such release, together with an Officer's Certificate certifying that such documentation (1) is in compliance with all Legal Requirements, and (2) will effect such release in accordance with the terms of this Agreement.  Except as set forth in this Article 2, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the lien of the Security Instrument. 
(2)Intentionally Omitted.   
(3)On or before the date on which Borrower delivers the Total Defeasance Collateral, Borrower shall open at any Eligible Institution an Eligible Account (the "Defeasance 
Collateral Account").  The Defeasance Collateral Account shall contain only (i) Total Defeasance Collateral and (ii) cash from interest and principal paid on the Total Defeasance 
Collateral.  All cash from interest and principal payments paid on the Total Defeasance 
Collateral shall be paid over to Lender on each Monthly Payment Date and applied first to accrued and unpaid interest and then to principal.  Any cash from interest and principal paid on the Total Defeasance Collateral not needed to pay the Scheduled Defeasance Payments shall be (i) paid to Borrower or Successor Borrower (as applicable) and/or (ii) to the extent permitted by applicable REMIC Requirements, retained in the Defeasance Collateral Account.  Borrower shall cause the Eligible Institution at which the Total Defeasance Collateral is deposited to enter an agreement with Borrower and Lender, satisfactory to Lender in its sole discretion, pursuant to which such Eligible Institution shall agree to hold and distribute the Total Defeasance Collateral in accordance with this Agreement (such agreement, the "Defeasance Collateral Account Agreement").  Borrower or Successor Borrower (as applicable) shall be the owner of the Defeasance Collateral Account and shall report all income accrued on Total Defeasance Collateral for federal, state and local income tax purposes in its income tax return.  Borrower shall prepay all cost and expenses associated with opening and maintaining the Defeasance Collateral Account.  Lender shall not in any way be liable by reason of any insufficiency in the Defeasance Collateral Account. 
(4)In connection with a Total Defeasance Event under this Section 2.8, a successor entity (the "Successor Borrower") shall be established, which such Successor Borrower shall be (i) a Single Purpose Entity and (ii) at Lender's option and in Lender's sole discretion, established and/or designated by Lender or, if Lender does not so elect, established and/or designated by Borrower.  The right of Lender hereunder to designate and/or establish Successor Borrower may, at the option and in the sole discretion of the initial named Lender hereunder, be retained by the initial named Lender hereunder notwithstanding any Secondary Market Transaction.  Borrower shall transfer and assign all obligations, rights and duties under and to the Note, Security Agreement and Defeasance Collateral Account Agreement, together with the Total Defeasance Collateral to such Successor Borrower.  Such Successor Borrower shall assume the obligations under the Note, the Defeasance Collateral Account Agreement and the Security Agreement in a manner acceptable to Lender and the Rating Agencies and Borrower shall be relieved of its obligations under the Loan Documents relating to the Note (other than those obligations which by their terms survive a repayment, defeasance or other satisfaction of the Loan and/or a transfer of the Property in connection with Lender's exercise of its remedies under the Loan Documents).  Borrower shall pay all costs and expenses incurred by Lender and Successor Borrower, including 
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attorney's fees and expenses, incurred in connection with the foregoing (including, without limitation, Lender's costs of establishing and/or designating Successor Borrower, if any). 
(5)Notwithstanding anything to the contrary contained in this Section 2.8, the parties hereto hereby acknowledge and agree that after the Securitization of the Loan (or any portion thereof or interest therein), with respect to any Lender approval or similar discretionary rights over any matters contained in this Section 2.8 (any such matter, a "Defeasance Approval Item"), such rights shall be construed such that Lender shall only be permitted to withhold its consent or approval with respect to any Defeasance Approval Item if the same fails to meet the Prudent Lender Standard. 
Section 2.9. Partial Release.  Provided no Event of Default shall have occurred and be continuing, Borrower shall have the right at any time after the Release Date and prior to the Maturity Date to obtain the partial release (the "Partial Release") of the Eligible Release Parcel (such Eligible Release Parcel, the "Released Parcel") from the lien of the Security Instrument thereon (and related Loan Documents) and the release of Borrower's obligations under the Loan Documents with respect to such Released Parcel (other than those expressly stated to survive), upon the satisfaction of each of the following conditions precedent: 
(1)Borrower shall provide Lender with thirty (30) days (or a shorter period of time if permitted by Lender in its sole discretion) prior written notice of the proposed Partial Release (the date of Lender's receipt of such notice shall be referred to herein as a the "Partial Release Notice Date"); 
(2)Borrower shall submit to Lender, not less than ten (10) days prior to the date of such Partial Release, a partial release of lien (and related Loan Documents) for the Released Parcel for execution by Lender.  Such partial release shall be in a form appropriate in each jurisdiction in which the Released Parcel is located and shall contain standard provisions, if any, protecting the rights of Lender and must be approved by Lender.  In addition, Borrower shall provide all other documentation as may be required to satisfy the Prudent Lender Standard in connection with such Partial Release, together with an Officer's Certificate certifying that such documentation (i) is in compliance with all applicable Legal Requirements, (ii) will effect such Partial Release in accordance with the terms of this Agreement, and (iii) will not impair or otherwise adversely affect the liens, security interests and other rights of Lender under the Loan Documents not being released (or as to the parties to the Loan Documents and the portion of the 
Property subject to the Loan Documents not being released); 
(3)The Released Parcel shall be conveyed to a Person other than Borrower;  
(4)As of each of the Partial Release Notice Date and the date of consummation of the Partial Release, after giving effect to the release of the lien of the Security Instrument encumbering the Released Parcel, the Debt Yield with respect to the remaining portion of the Property shall each be greater than the greater of (1) the Debt Yield of the Property encumbered by the Security Instrument immediately prior to the Partial Release Notice Date or the consummation of the Partial Release (as applicable) and (2) the Debt Yield of the Property on the Closing Date; 
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(5)As of each of the Partial Release Notice Date and the date of consummation of the Partial Release, after giving effect to the release of the lien of the Security Instrument encumbering the Released Parcel, the LTV with respect to the remaining portion of the Property shall be no greater than the lesser of (1) the LTV on the Closing Date or (2) the LTV with respect to the Property immediately prior to the Partial Release Notice Date or the consummation of the Partial Release, as applicable (with each of (1) and (2) being determined based upon an updated Appraisal for the Property); 
(6)The exact dimensions and legal descriptions of the Eligible Release Parcel shall be subject to the prior written consent and approval of Lender, and at least thirty (30) days prior to the effective date of the Partial Release, Borrower shall prepare and deliver to Lender (at Borrower's sole cost and expense) a proposed re-plat and/or subdivision of such Eligible Release Parcel and a Survey for each of such Release Parcel and, if necessary, the applicable portion of the remaining Property, all prepared by a licensed surveyor or engineer (which surveys shall be, in form, consistent with the Survey delivered to Lender prior to the Closing Date and Lender's then applicable requirements and the plat must be in compliance with all applicable Legal Requirements) and shall depict the exact location of such Eligible Release Parcel relative to the Remaining Property and the location of all applicable title matters, which such Survey may be an update of the Survey delivered to Lender prior to the Closing Date;  
(7)Borrower must provide evidence, which would be deemed satisfactory pursuant to Prudent Lender Standards, to Lender of the following matters: (i) that following such Partial Release, the remaining Property shall comply with all federal, state and local environmental, land use and zoning laws (including, without limitation, minimum lot size, parking regulations, set back lines, density requirements, lot coverage ratios, frontage, subdivision, site plan approval and access to a public right of way); (ii) that the proposed Partial Release and any future development on such Eligible Release Parcel will not have a material adverse impact on the quiet enjoyment of any Tenant of their demised premises located on the remaining Property unless otherwise approved by such Tenant; (iii) that all required notices have been given and consents obtained in connection with the proposed Partial Release, including (without limitation) the consent of any Governmental Authority and any Tenants (such as exclusives and similar leasing restrictions), (iv) that such Eligible Release Parcel will be assessed as a separate tax parcel with respect to all property taxes and assessments; and (v) that the future uses of such Eligible Release Parcel will not violate any covenant, restriction, condition, Leases or other title matter then encumbering the remaining Property; 
(8)If requested by Lender in its reasonable discretion and if one is not already in place, an insurable easement arrangement (or modification to existing easement) covering such matters as mutual parking and access, maintenance, shared utilities, drainage, any applicable temporary and permanent parking arrangements and other similar issues located on such Eligible Release Parcel, and to the extent available, an endorsement to the existing Title Insurance Policy providing title coverage to Lender with respect to such easement estate, if any, without exception (unless such exceptions are Permitted Encumbrances) and without any exception for Liens; 
(9)If required by Lender pursuant to Prudent Lender Standards at the time of such Partial Release, Borrower shall, prior to the effective date of the proposed Partial Release, 
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encumber such Eligible Release Parcel with a recorded development or similar agreement (which must be deemed satisfactory pursuant to Prudent Lender Standards), covering such matters as mutual parking and access, maintenance, shared utilities, drainage and other similar issues and containing appropriate restrictions on the type, construction, location, height and use of any improvements then existing or thereafter to be constructed on such Eligible Release Parcel; 
(10)The Partial Release shall not (i) deny the remaining Property reasonable access to public streets, roads or utilities, (ii) unreasonably divide any portion or tract of the remaining Property into strips or parcels, or (iii) otherwise have a Material Adverse Effect on the remaining Property as determined pursuant to Prudent Lender Standards;  
(11)The Partial Release shall be permitted under REMIC Requirements in effect as of each of (I) the Partial Release Notice Date and (II) the consummation of the Partial Release;  
(12)If required by Lender, Lender shall have received a Rating Agency Confirmation with respect to the Partial Release; 
(13)Borrower shall (A) deliver to Lender (1) a REMIC Opinion with respect to the Partial Release and (2) an opinion of counsel satisfying the Prudent Lender Standard and acceptable the Rating Agencies (issued by counsel satisfying the Prudent Lender Standard and acceptable to the Rating Agencies) with respect to such other matters as may be required by Lender in order to satisfy the Prudent Lender Standard and (B) pay all of Lender's reasonable costs and expenses and the costs and expenses of the Rating Agencies in connection with the Partial Release, including, without limitation, counsel fees; and 
(14)Borrower shall provide all other documentation Lender reasonably requires to be delivered by Borrower in connection with such partial release, together with an Officer's Certificate certifying that such documentation (1) is in compliance with all Legal Requirements and (2) will effect such partial release in accordance with the terms of this Agreement.  Borrower shall pay all costs, taxes and expenses associated with the partial release of the lien of the Security Instrument, including Lender's reasonable attorneys' fees, but Borrower shall not be required to pay a release premium or be required to pay down the principal balance of the Loan unless due to REMIC Requirements.   
ARTICLE 3 
 
REPRESENTATIONS AND WARRANTIES 
Borrower represents and warrants as of the Closing Date that: 
Section 3.1. Legal Status and Authority.  Borrower (a) is duly organized, validly existing and in good standing under the laws of its state of formation; (b) is duly qualified to transact business and is in good standing in the State; and (c) has all necessary approvals, governmental and otherwise, and full power and authority to own, operate and lease the Property.  Borrower has full power, authority and legal right to mortgage, grant, bargain, sell, pledge, assign, warrant, transfer and convey the Property pursuant to the terms hereof and to keep and 
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observe all of the terms of this Agreement, the Note, the Security Instrument and the other Loan Documents on Borrower's part to be performed. 
Section 3.2. Validity of Documents.  (a) The execution, delivery and performance of this Agreement, the Note, the Security Instrument and the other Loan Documents by Borrower and Guarantor and the borrowing evidenced by the Note and this Agreement (i) are within the power and authority of such parties; (ii) have been authorized by all requisite organizational action of such parties; (iii) have received all necessary approvals and consents, corporate, governmental or otherwise; (iv) will not violate, conflict with, result in a breach of or constitute (with notice or lapse of time, or both) a material default under any provision of law, any order or judgment of any court or Governmental Authority, any license, certificate or other approval required to operate the Property, any applicable organizational documents, or any applicable indenture, agreement or other instrument, including, without limitation, the Management Agreement; (v) will not result in the creation or imposition of any lien, charge or encumbrance whatsoever upon any of its assets, except the lien and security interest created hereby and by the other Loan Documents; and (vi) will not require any authorization or license from, or any filing with, any Governmental Authority (except for the recordation of the Security Instrument in appropriate land records in the State and except for Uniform Commercial Code filings relating to the security interest created hereby), (b) this Agreement, the Note, the Security Instrument and the other Loan Documents have been duly executed and delivered by Borrower and Guarantor and (c) this Agreement, the Note, the Security Instrument and the other Loan Documents constitute the legal, valid and binding obligations of Borrower and Guarantor.  The Loan Documents are not subject to any right of rescission, set-off, counterclaim or defense by Borrower or Guarantor, including the defense of usury, nor would the operation of any of the terms of the Loan Documents, or the exercise of any right thereunder, render the Loan Documents unenforceable (except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar Creditors Rights Laws, and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law)).  Neither Borrower nor Guarantor has asserted any right of rescission, set-off, counterclaim or defense with respect to the Loan Documents. 
Section 3.3. Litigation.  Except as disclosed in writing to Lender in connection with the closing of the Loan, there is no action, suit, proceeding or governmental investigation, in each case, judicial, administrative or otherwise (including any condemnation or similar proceeding), pending or, to the best of Borrower's Knowledge, threatened or contemplated against Borrower, Sponsor or Guarantor or against or affecting the Property, and in any such event no such proceedings could reasonably be expected to have a Material Adverse Effect. 
Section 3.4. Agreements.  Borrower is not a party to any agreement or instrument or subject to any restriction which would have a Material Adverse Effect.  Borrower is not in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument to which it is a party or by which Borrower or the Property is bound.  Borrower has no material financial obligation under any agreement or instrument to which Borrower is a party or by which Borrower or the Property is otherwise bound, other than (a) obligations incurred in the ordinary course of the operation of the Property and (b) obligations under this Agreement, the Security 
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Instrument, the Note and the other Loan Documents.  There is no agreement or instrument to which Borrower is a party or by which Borrower is bound that would require the subordination in right of payment of any of Borrower's obligations hereunder or under the Note to an obligation owed to another party. 
    Section 3.5.     Financial Condition. 
(1)Borrower is solvent and Borrower has received reasonably equivalent value for the granting of the Security Instrument.  No proceeding under Creditors Rights Laws with respect to any Borrower Party has been initiated 
(2)In the last ten (10) years, no (i) petition in bankruptcy has been filed by or against any Borrower Party and (ii) Borrower Party has ever made any assignment for the benefit of creditors or taken advantage of any Creditors Rights Laws. 
(3)No Borrower Party is contemplating either the filing of a petition by it under any Creditors Rights Laws or the liquidation of its assets or property and Borrower has no knowledge of any Person contemplating the filing of any such petition against any Borrower Party. 
(4)With respect to any loan or financing in which any Borrower Party or any Affiliate thereof has been directly or indirectly obligated for or has, in connection therewith, otherwise provided any guaranty, indemnity or similar surety, including, without limitation and to the extent applicable, the loan which is being refinanced by the Loan, none of such loans or financings has ever been (i) more than 30 days in default or (ii) transferred to special servicing due to a default by Borrower Party. 
Section 3.6. Disclosure.  Borrower has disclosed to Lender all material facts and has not failed to disclose any material fact that could cause any representation or warranty made herein to be materially misleading. 
    Section 3.7.     No Plan Assets; FIRRMA. 
(a) As of the date hereof and until the Debt is repaid in accordance with the applicable terms and conditions hereof, (a) Borrower is not and will not be an "employee benefit plan," as defined in Section 3(3) of ERISA, subject to Title I of ERISA, (b) Borrower is not and will not be a "governmental plan" within the meaning of Section 3(32) of ERISA, 
(c) transactions by or with Borrower are not and will not be subject to any state statute regulating investments of, or fiduciary obligations with respect to, governmental plans and (d) none of the assets of Borrower constitutes or will constitute "plan assets" of one or more such plans within the meaning of 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA.  As of the date hereof, neither Borrower, nor any member of a "controlled group of corporations" (within the meaning of Section 414 of the IRS Code), maintains, sponsors or contributes to a "defined benefit plan" (within the meaning of Section 3(35) of ERISA) or a "multiemployer pension plan" (within the meaning of Section 3(37)(A) of ERISA). 
(b) Each of Borrower, the Constituent Owners of Borrower, the Property and acquisition thereof have complied with and are in compliance with FIRRMA.  Borrower has provided to 
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Lender with copies of any and all FIRRMA Documents it has received.  No non-U.S. government (including any state owned enterprises or sovereign wealth funds) owns any equity interests (direct or indirect) in Borrower.  Borrower has not made any voluntary filings relating to FIRRMA and Borrower is not required to make any mandatory filings relating to FIRRMA. 
Section 3.8. Not a Foreign Person.  Borrower is not a "foreign person" within the meaning of § 1445(f)(3) of the IRS Code. 
Section 3.9. Prior Owned Property.  Borrower and Guarantor do not have any actual or contingent liabilities pertaining to the Prior Owned Property.  
Section 3.10. Business Purposes.  The Loan is solely for the business purpose of Borrower, and is not for personal, family, household, or agricultural purposes. 
Section 3.11. Borrower's Principal Place of Business.  Borrower's principal place of business and its chief executive office as of the date hereof is 2529 Virginia Beach Boulevard, Virginia Beach, Virginia 23452.  Borrower's mailing address, as set forth in the opening paragraph hereof or as changed in accordance with the provisions hereof, is true and correct.  Borrower's organizational identification number, if any, assigned by the state of its incorporation or organization is 6144720 (Delaware) for WHLR-JANAF, LLC, 6232892 (Delaware) for WHLR-JANAF-BRAVO, LLC, 6232895 (Delaware) for WHLR-JANAF-BJ'S, LLC and 6828323 (Delaware) for WHLR-JANAF-OFFICE, LLC.  Borrower's federal tax identification number is 81-4370603 (WHLR-JANAF, LLC), 81-4573312 (WHLR-JANAF-BRAVO, LLC), 81-4566825 (WHLR-JANAF-BJ'S, LLC) and 82-3138413 (WHLR-JANAF-OFFICE, LLC).  
Borrower is not subject to back-up withholding taxes. 
Section 3.12. Status of Property. 
(1)To Borrower's Knowledge, Borrower has obtained all Permits, all of which are in full force and effect as of the date hereof and not subject to revocation, suspension, forfeiture or modification.   There is no evidence of any illegal activities relating to controlled substances on the Property. 
(2)To Borrower's Knowledge, the Property and the present and contemplated use and occupancy thereof are in full compliance with all applicable zoning ordinances, building codes, land use laws, Environmental Laws and other similar Legal Requirements. 
(3)The Property is served by all utilities required for the current or contemplated use thereof.  All utility service is provided by public utilities and the Property has accepted or is equipped to accept such utility service. 
(4)All public roads and streets necessary for service of and access to the Property for the current or contemplated use thereof have been completed, are serviceable and all-weather and are physically and legally open for use by the public.  The Property has either direct access to such public roads or streets or access to such public roads or streets by virtue of a perpetual easement or similar agreement inuring in favor of Borrower and any subsequent owners of the Property. 
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(5)The Property is served by public water and sewer systems. 
(6)The Property is free from damage caused by fire or other casualty.  The Property, including, without limitation, all buildings, improvements, parking facilities, sidewalks, storm drainage systems, roofs, plumbing systems, HVAC systems, fire protection systems, electrical systems, equipment, elevators, exterior sidings and doors, landscaping, irrigation systems and all structural components, are in good condition, order and repair in all material respects; to Borrower's Knowledge, there exists no structural or other material defects or damages in the Property, whether latent or otherwise, and Borrower has not received notice from any insurance company or bonding company of any defects or inadequacies in the Property, or any part thereof, which would adversely affect the insurability of the same or cause the imposition of extraordinary premiums or charges thereon or of any termination or threatened termination of any policy of insurance or bond. 
(7)All costs and expenses of any and all labor, materials, supplies and equipment used in the construction of the Improvements have been paid in full.  There are no mechanics' or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under applicable Legal Requirements could give rise to any such liens) affecting the Property which are or may be prior to or equal to the lien of the Security Instrument. 
(8)Borrower has paid in full for, and is the owner of, all furnishings, fixtures and equipment (other than Tenants' property) used in connection with the operation of the Property, free and clear of any and all security interests, liens or encumbrances, except the lien and security interest created by this Agreement, the Note, the Security Instrument and the other Loan Documents. 
(9)All liquid and solid waste disposal, septic and sewer systems located on the Property are in a good and safe condition and repair and in compliance with all Legal Requirements. 
(10)Except as expressly disclosed on the Survey, no portion of the Improvements is located in an area identified by the Federal Emergency Management Agency or any successor thereto as an area having special flood hazards pursuant to the Flood Insurance Acts.  No part of the Property consists of or is classified as wetlands, tidelands or swamp and overflow lands. 
(11)All the Improvements lie within the boundaries of the Land and any building restriction lines applicable to the Land. 
(12)To Borrower's Knowledge, there are no pending or proposed special or other assessments for public improvements or otherwise affecting the Property, nor are there any contemplated improvements to the Property that may result in such special or other assessments. 
(13)Borrower has not (i) made, ordered or contracted for any construction, repairs, alterations or improvements to be made on or to the Property which have not been completed and paid for in full, (ii) ordered materials for any such construction, repairs, alterations or improvements which have not been paid for in full or (iii) attached any fixtures to the Property which have not been paid for in full.  There is no such construction, repairs, alterations or 
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improvements ongoing at the Property as of the Closing Date.  There are no outstanding or disputed claims for any Work Charges and there are no outstanding liens or security interests in connection with any Work Charges. 
(14)Borrower has no direct employees.  All personnel employed at or in connection with the Property are the direct employees of Manager. 
Section 3.13. Financial Information.  All financial data, including, without limitation, the balance sheets, statements of cash flow, statements of income and operating expense and rent rolls, that have been delivered to Lender in respect of Borrower, Sponsor, Guarantor and/or the Property (a) are true, complete and correct in all material respects, (b) accurately represent the financial condition of Borrower, Sponsor, Guarantor or the Property, as applicable, as of the date of such reports, and (c) to the extent prepared or audited by an independent certified public accounting firm, have been prepared in accordance with the Approved Accounting Method throughout the periods covered, except as disclosed therein.  Borrower does not have any contingent liabilities, liabilities for taxes, unusual forward or long-term commitments or unrealized or anticipated losses from any unfavorable commitments that are known to Borrower and reasonably likely to have a Material Adverse Effect, except as referred to or reflected in said financial statements.  Since the date of such financial statements, there has been no materially adverse change in the financial condition, operations or business of Borrower, Sponsor or Guarantor from that set forth in said financial statements. 
Section 3.14. Condemnation.  No Condemnation or other proceeding has been commenced or, to Borrower's Knowledge, is threatened or contemplated with respect to all or any portion of the Property or for the relocation of the access to the Property. 
Section 3.15. Separate Lots.  The Property is assessed for real estate tax purposes as one or more wholly independent tax lot or lots, separate from any adjoining land or improvements not constituting a part of such lot or lots, and no other land or improvements is assessed and taxed together with the Property or any portion thereof. 
Section 3.16. Insurance.  Borrower has obtained and has delivered to Lender certified copies of all Policies (or such other evidence acceptable to Lender) reflecting the insurance coverages, amounts and other requirements set forth in this Agreement.  There are no present claims of any material nature under any of the Policies, and to Borrower's Knowledge, no Person, including Borrower, has done, by act or omission, anything which would impair the coverage of any of the Policies. 
Section 3.17. Use of Property.  The Property is used exclusively as retail and other appurtenant and related uses. 
Section 3.18. Leases and Rent Roll.  To Borrower's Knowledge and except as disclosed in any Tenant Estoppel delivered to Lender in connection with closing the loan or in the rent roll for the Property delivered to, certified to and approved by Lender in connection with the closing of the Loan (the "Rent Roll"), (a) Borrower is the sole owner of the entire lessor's interest in the Leases; (b) the Leases are valid and enforceable and in full force and effect; (c) all of the Leases are arms-length agreements with bona fide, independent third parties; (d) no party under any 
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Lease is in default; (e) all Rents due have been paid in full and no Tenant is in arrears in its payment of Rent; (f) the terms of all alterations, modifications and amendments to the Leases are reflected in the certified occupancy statement delivered to and approved by Lender; (g) none of the Rents reserved in the Leases have been assigned or otherwise pledged or hypothecated; (h)  none of the Rents have been collected for more than one (1) month in advance (except a Security Deposit shall not be deemed rent collected in advance and except as to any Rents collected prior to the Closing Date or hereafter under acceleration clauses enforced against tenants in default of a Lease, but Borrower represents that no such accelerations exist as of the Closing Date); (i) the premises demised under the Leases have been completed, all improvements, repairs, alterations or other work required to be furnished on the part of Borrower under the Leases have been completed, the Tenants under the Leases have accepted the premises demised thereunder and have taken possession of the same on a rent-paying basis and any payments, credits or abatements required to be given by Borrower to the Tenants under the Leases have been made in full; (j) there exist no offsets or defenses to the payment of any portion of the Rents and Borrower has no monetary obligation to any Tenant under any Lease; (k) Borrower has received no notice from any Tenant challenging the validity or enforceability of any Lease; (l) there are no agreements with the Tenants under the Leases other than expressly set forth in each Lease; (m) Intentionally Omitted; (n) no Lease contains an option to purchase, right of first refusal to purchase, right of first refusal to lease additional space at the Property, or any other similar provision; (o) no Person has any possessory interest in, or right to occupy, the Property except under and pursuant to a Lease; (p) all Security Deposits relating to the Leases are reflected on the Rent Roll and have been collected by Borrower; (q) no brokerage commissions or finders fees are due and payable regarding any Lease; (r) each Tenant is in actual, physical occupancy of the premises demised under its Lease; (s) there are no actions or proceedings (voluntary or otherwise) pending against any Tenants or guarantors under Leases, in each case, under bankruptcy or similar insolvency laws or regulations; and (t) no event has occurred giving any Tenant the right to cease operations at its leased premises (i.e., "go dark"), terminate its Lease or pay reduced or alternative Rent to Borrower under any of the terms of such Lease, such as a co-tenancy provision.  Prior to the Closing Date, Borrower has requested Tenant estoppel certificates from each Tenant. 
Section 3.19. Filing and Recording Taxes.  All mortgage, mortgage recording, stamp, intangible or other similar tax required to be paid by any Person under applicable Legal Requirements currently in effect in connection with the execution, delivery, recordation, filing, registration, perfection or enforcement of any of this Agreement, the Security Instrument, the Note and the other Loan Documents, including, without limitation, the Security Instrument, have been paid or will be paid, and, under current Legal Requirements, the Security Instrument and the other Loan Documents are enforceable in accordance with their terms by Lender (or any subsequent holder thereof), except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar Creditors Rights Laws, and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 
Section 3.20. Management Agreement.  The Management Agreement is in full force and effect and there is no default thereunder by any party thereto and, to Borrower's Knowledge, no event has occurred that, with the passage of time and/or the giving of notice would constitute 
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a default thereunder.  As of the date hereof, no management fees under the Management Agreement are due and payable. 
Section 3.21. Illegal Activity/Forfeiture. 
(1)No portion of the Property has been or will be purchased, improved, equipped or furnished with proceeds of any illegal activity and to Borrower's Knowledge, there are no illegal activities or activities relating to controlled substances at the Property. 
(2)There has not been and shall never be committed by Borrower or any other Person in occupancy of or involved with the operation or use of the Property any act or omission affording the federal government or any state or local government the right of forfeiture as against the Property or any part thereof or any monies paid in performance of Borrower's obligations under this Agreement, the Note, the Security Instrument or the other Loan Documents.  Borrower hereby covenants and agrees not to commit, permit or suffer to exist any act or omission affording such right of forfeiture. 
Section 3.22. Taxes.  Borrower has filed all federal, state, county, municipal, and city income, personal property and other tax returns required to have been filed by it and has paid all taxes and related liabilities which have become due pursuant to such returns or pursuant to any assessments received by it.  Borrower knows of no basis for any additional assessment in respect of any such taxes and related liabilities for prior years. 
Section 3.23. Permitted Encumbrances.  None of the Permitted Encumbrances, individually or in the aggregate, materially interferes with the benefits of the security intended to be provided by this Agreement, the Security Instrument, the Note and the other Loan Documents materially and adversely affects the value or marketability of the Property, impairs the use or the operation of the Property or impairs Borrower's ability to pay its obligations in a timely manner. 
Section 3.24. Third Party Representations.  Each of the representations and the warranties made by Sponsor and Guarantor in the other Loan Documents (if any) are true, complete and correct in all material respects. 
Section 3.25. Non-Consolidation Opinion Assumptions.  All of the assumptions made in the Non-Consolidation Opinion, including, but not limited to, any exhibits attached thereto and/or certificates delivered in connection therewith, are true, complete and correct. 
Section 3.26. Federal Reserve Regulations.  No part of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any "margin stock" within the meaning of Regulation U of the Board of Governors of the Federal Reserve System or for any other purpose which would be inconsistent with such Regulation U or any other Regulations of such Board of Governors, or for any purposes prohibited by Legal Requirements or by the terms and conditions of this Agreement, the Security Instrument, the Note or the other Loan Documents.  None of Borrower, Guarantor, Sponsor, and/or any Constituent Owner of the foregoing is affiliated with or is an insider with respect to Lender (or its affiliates) in any manner that implicates either Regulation W or Regulation O of the Federal Reserve Act (as each of the same may be amended, modified, supplemented, and/or replaced from time to time). Neither the Loan nor any 
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transaction contemplated herein and/or in the other Loan Documents is in violation of Regulation W and/or Regulation O. 
Section 3.27. Investment Company Act.  Borrower is not (a) an "investment company" or a company "controlled" by an "investment company," within the meaning of the Investment Company Act of 1940, as amended; or (b) subject to any other federal or state law or regulation which purports to restrict or regulate its ability to borrow money. 
Section 3.28. Fraudulent Conveyance.  Borrower (a) has not entered into the Loan or any Loan Document with the actual intent to hinder, delay, or defraud any creditor and (b) received reasonably equivalent value in exchange for its obligations under the Loan Documents.  Giving effect to the Loan, the fair saleable value of Borrower's assets exceeds and will, immediately following the execution and delivery of the Loan Documents, exceed Borrower's total liabilities, including, without limitation, subordinated, unliquidated, disputed or contingent liabilities.  The fair saleable value of Borrower's assets is and will, immediately following the execution and delivery of the Loan Documents, be greater than Borrower's probable liabilities, including the maximum amount of its contingent liabilities or its debts as such debts become absolute and matured.  Borrower's assets do not and, immediately following the execution and delivery of the Loan Documents will not, constitute unreasonably small capital to carry out its business as conducted or as proposed to be conducted.  Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including, without limitation, contingent liabilities and other commitments) beyond its ability to pay such debts as they mature (taking into account the timing and amounts to be payable on or in respect of obligations of Borrower). 
Section 3.29. Intentionally Omitted. 
Section 3.30. Anti-Money Laundering and Economic Sanctions.  Borrower hereby represents, warrants and covenants that each Borrower Party, each and every Person Affiliated with any Borrower Party and their directors, officers, employees or agents and any Person that has an economic interest in any Borrower Party, in each case, has not, and at all times throughout the term of the Loan, including after giving effect to any transfers of interests permitted pursuant to the Loan Documents, shall not:  (i) be (or have been) a Sanctioned Person or organized, located or resident in a Sanctioned Jurisdiction; (ii) fail to operate (or have operated) under policies, procedures and practices (including, without limitation, recordkeeping and reporting), if any, that are in compliance with (and ensure compliance with) the Patriot Act, AC Laws, AML Laws and Sanctions; (iii) directly or indirectly use (or have used) any part if the proceeds of the Loan (including, without limitation, any sums disbursed from time to time hereunder) or otherwise lend, contribute or make the same available (or have lent, contributed or made the same available), in each case, (A) to fund or facilitate any activities or business (I) of or with any Sanctioned Person or (II) of or in any Sanctioned Jurisdiction, (B) in any manner that would result in a violation of any Sanctions by any Person or (C) in violation of any applicable laws (including, without limitation, the Patriot Act, AC Laws, AML Laws and/or Sanctions), (iv) be (or have been) a Person who has been determined by competent authority to be subject to any of the prohibitions contained in the Patriot Act; or (v) be (or have been) owned or controlled by or be (or have been) acting for or on behalf of, in each case, any Person who has been determined to be subject to the prohibitions contained in the Patriot Act.  Without limitation of any other term 
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or provision contained herein, it shall be an Event of Default hereunder if any Borrower Party or any other party to any Loan Document becomes the subject of Sanctions or is indicted, arraigned or custodially detained on charges involving Sanctions, the Patriot Act, AC Laws and/or AML Laws and/or predicate crimes to AC Laws, the Patriot Act, AML Laws and Sanctions.  Borrower hereby represents and covenants that none of the execution, delivery or performance of the Loan Documents or any activities, transactions, services, collateral and/or security contemplated thereunder has or shall result in a breach of the Patriot Act, AC Laws, AML Laws and/or Sanctions by any party to the Loan Documents or their respective Affiliates.  All capitalized words and phrases and all defined terms used in the Patriot Act are incorporated into this Section.  As used herein, (A) "AC Laws" shall mean collectively (i) all laws, rules and regulations concerning or relating to bribery or corruption, including, without limitation, the U.S. Foreign Corrupt Practices Act of 1977 and all other applicable anti-bribery and corruption laws and (ii) any amendment, extension, replacement or other modification of any of the foregoing from time to time and any corresponding provisions of future laws; (B) "AML Laws" shall mean collectively (i) all laws, rules, regulations and guidelines concerning or relating to money laundering issued, administered and/or enforced by any governmental and/or regulatory agency and (ii) any amendment, extension, replacement or other modification of any of the foregoing from time to time and any corresponding provisions of future laws; (C) "OFAC" shall mean the Office of Foreign Assets Control of the U.S. Department of the Treasury and the U.S. 
Department of State; (D) "Patriot Act" shall mean collectively (i) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act 
(USA PATRIOT ACT) of 2001, as the same was restored and amended by Uniting and Strengthening America by Fulfilling Rights and Ensuring Effective Discipline Over Monitoring Act (USA FREEDOM Act) of 2015, (ii) all statutes,  orders, rules and regulations of the United States government and its various executive departments, agencies and offices related to applicable anti-money laundering laws, rules and regulations and (iii) any amendment, extension, replacement or other modification of any of the foregoing from time to time and any corresponding provisions of future laws; (E) "Sanctions" shall mean economic, trade and/or financial sanction, requirements and/or embargoes, in each case, imposed, administered and/or enforced from time to time by any Sanctions Authority; (F) "Sanctions Authority" shall mean the United States (including, without limitation, OFAC) and any other relevant sanctions authority; (G) "Sanctioned Jurisdiction" shall mean, at any time, a country or territory that is, or whose government is, the subject of Sanction; and (H) "Sanctioned Person" shall mean, at any time, (i) any Person listed in any Sanctions related list maintained by any Sanctions Authority, (ii) any Person located, organized or resident in a Sanctioned Jurisdiction and/or (iii) any other subject of Sanctions (including, without limitation, any Person Controlled or 50% or more owned (in each case, directly and/or indirectly and in the aggregate) by (or acting for, on behalf of or at the direction of) any Person or Persons described in subsections (i) and/or (ii) of this definition). 
Section 3.31. Organizational Chart.  The organizational chart attached as Schedule III hereto (the "Organizational Chart"), relating to Borrower and certain Affiliates and other parties, is true, complete and correct on and as of the date hereof. 
Section 3.32. Bank Holding Company.  Borrower is not a "bank holding company" or a direct or indirect subsidiary of a "bank holding company" as defined in the Bank Holding 
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Company Act of 1956, as amended, and Regulation Y thereunder of the Board of Governors of the Federal Reserve System. 
Section 3.33. Intentionally Omitted. 
Section 3.34. Property Document Representations.  With respect to each Property Document, Borrower hereby represents that (a) each Property Document is in full force and effect and has not been amended, restated, replaced or otherwise modified (except, in each case, as expressly set forth herein), (b) there are no defaults under any Property Document by any party thereto and, to Borrower's Knowledge, no event has occurred which, but for the passage of time, the giving of notice, or both, would constitute a default under any Property Document, (c) all rents, additional rents and other sums due and payable under the Property Documents have been paid in full, (d) no party to any Property Document has commenced any action or given or received any notice for the purpose of terminating any Property Document, (e) the representations made in any estoppel or similar document delivered with respect to any Property Document in connection with the Loan (including, without limitation, the Ground Lease Estoppel) are true, complete and correct and are hereby incorporated by reference as if fully set forth herein and (f) the subleases currently executed for the Property demised under the Ground Lease do not violate any subleasing restrictions or use restrictions contained in the Ground 
Lease.  All rental payments under the Ground Lease are required, per the terms of the Ground Lease and instructions of the lessor thereunder, to be addressed and paid as set forth in the respective Ground Lease Estoppels (the "Payment Instructions"). 
Section 3.35. No Change in Facts or Circumstances; Disclosure. 
All information submitted by (or on behalf of) Borrower, Guarantor or Sponsor to Lender and in all financial statements, rent rolls, reports, certificates and other documents submitted in connection with the Loan or in satisfaction of the terms thereof and all statements of fact made by Borrower, Sponsor and/or Guarantor in this Agreement or in the other Loan Documents, are accurate, complete and correct in all material respects.  There has been no material adverse change in any condition, fact, circumstance or event that would make any such information inaccurate, incomplete or otherwise misleading in any material respect or that otherwise have a Material Adverse Effect.  Borrower has disclosed to Lender all material facts and has not failed to disclose any material fact that could cause any representation or warranty made herein to be materially misleading. 
Borrower agrees that, unless expressly provided otherwise, all of the representations and warranties of Borrower set forth in this Article 3 and elsewhere in this Agreement and the other Loan Documents shall survive for so long as any portion of the Debt remains owing to Lender. 
ARTICLE 4 
 
BORROWER COVENANTS 
From the date hereof and until payment and performance in full of all obligations of Borrower under this Agreement, the Security Instrument, the Note and the other Loan Documents or the earlier release of the lien of the Security Instrument (and all related 
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obligations) in accordance with the terms of this Agreement, the Security Instrument, the Note and the other Loan Documents, Borrower hereby covenants and agrees with Lender that: 
Section 4.1. Existence.  Borrower will continuously maintain (a) its existence and shall not dissolve or permit its dissolution, (b) its rights to do business in the State and (c) its franchises and trade names, if any. 
    Section 4.2.     Legal Requirements. 
(1)Borrower shall promptly comply and shall cause the Property to comply with all Legal Requirements affecting the Property or the use thereof (which such covenant shall be deemed to (i) include Environmental Laws and (ii) require Borrower to keep all Permits in full force and effect). 
(2)Borrower shall from time to time, upon Lender's request, provide Lender with evidence reasonably satisfactory to Lender that the Property complies with all Legal Requirements or is exempt from compliance with Legal Requirements. 
(3)Borrower shall give prompt notice to Lender of the receipt by Borrower of any notice related to a violation of any Legal Requirements and of the commencement of any proceedings or investigations which relate to compliance with Legal Requirements. 
(4)After prior written notice to Lender, Borrower, at its own expense, may contest by appropriate legal proceeding, promptly initiated and conducted in good faith and with due diligence, the validity of any Legal Requirement, the applicability of any Legal Requirement to Borrower or the Property or any alleged violation of any Legal Requirement, provided that (i) no Event of Default has occurred and remains uncured; (ii) such proceeding shall be permitted under and be conducted in accordance with the provisions of any instrument to which Borrower is subject and shall not constitute a default thereunder and such proceeding shall be permitted by and conducted in accordance with all applicable Legal Requirements; (iii) neither the Property nor any part thereof or interest therein will be in danger of being sold, forfeited, terminated, cancelled or lost; (iv) Borrower shall promptly upon final determination thereof comply with any such Legal Requirement determined to be valid or applicable or cure any violation of any Legal Requirement; (v) such proceeding shall suspend the enforcement of the contested Legal Requirement against Borrower or the Property; and (vi) Borrower shall furnish such security as may be required in the proceeding, or if no security is required by the proceeding such security as may be requested by Lender as necessary to protect its interests hereunder and, to insure compliance with such Legal Requirement, together with all interest and penalties payable in connection therewith.  Lender may apply any such security or part thereof, as necessary to cause compliance with such Legal Requirement at any time when, in the judgment of Lender, the validity, applicability or violation of such Legal Requirement is finally established or the Property (or any part thereof or interest therein) shall be in danger of being sold, forfeited, terminated, cancelled or lost. 
Section 4.3. Maintenance and Use of Property.  Borrower shall cause the Property to be maintained in a good and safe condition and repair.  The Improvements and the Personal Property shall not be removed, demolished or materially altered (except for normal replacement 
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of the Personal Property) without the consent of Lender or as otherwise permitted pursuant to Section 4.21 hereof.  Borrower shall perform (or shall cause to be performed) the prompt repair, replacement and/or rebuilding of any part of the Property which may be destroyed by any casualty, or become damaged, worn or dilapidated or which may be affected by any proceeding of the character referred to in Section 3.14 hereof and shall complete and pay for (or cause the completion and payment for) any structure at any time in the process of construction or repair on the Land.  Borrower shall operate the Property for the same uses as the Property is currently operated and Borrower shall not, without the prior written consent of Lender, (i) change the use of the Property or (ii) initiate, join in, acquiesce in, or consent to any change in any private restrictive covenant, zoning law or other public or private restriction, limiting or defining the uses which may be made of the Property or any part thereof.  If under applicable zoning provisions the use of all or any portion of the Property is or shall become a nonconforming use, Borrower will not cause or permit the nonconforming use to be discontinued or the nonconforming Improvement to be abandoned without the express written consent of Lender. 
Section 4.4. Waste.  Borrower shall not commit or suffer any waste of the Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way impair the value of the Property or the security for the Loan.  Borrower will not, without the prior written consent of Lender, permit any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of the Property, regardless of the depth thereof or the method of mining or extraction thereof. 
    Section 4.5.     Taxes and Other Charges. 
(1)Borrower shall pay (or cause to be paid) all Taxes and Other Charges now or hereafter levied or assessed or imposed against the Property or any part thereof as the same become due and payable; provided, however, prior to the occurrence and continuance of an Event of Default, Borrower's obligation to directly pay Taxes shall be suspended for so long as Borrower complies with the terms and provisions of Section 8.6 hereof.  Borrower shall furnish to Lender receipts for the payment of the Taxes and the Other Charges prior to the date the same shall become delinquent (provided, however, that Borrower is not required to furnish such receipts for payment of Taxes in the event that such Taxes have been paid by Lender pursuant to Section 8.6 hereof).  Borrower shall not suffer and shall promptly cause to be paid and discharged any lien or charge whatsoever which may be or become a lien or charge against the Property, and shall promptly pay for all utility services provided to the Property. 
(2)After prior written notice to Lender, Borrower, at its own expense, may contest (or permit to be contested) by appropriate legal proceeding, promptly initiated and conducted in good faith and with due diligence, the amount or validity or application in whole or in part of any Taxes or Other Charges, provided that (i) no Event of Default has occurred and remains uncured; (ii) such proceeding shall be permitted under and be conducted in accordance with the provisions of any other instrument to which Borrower is subject and shall not constitute a default thereunder and such proceeding shall be permitted by and conducted in accordance with all applicable Legal Requirements; (iii) neither the Property nor any part thereof or interest therein will be in danger 
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of being sold, forfeited, terminated, canceled or lost; (iv) Borrower shall promptly upon final determination thereof pay the amount of any such Taxes or Other Charges, together with all costs, interest and penalties which may be payable in connection therewith; (v) such proceeding shall suspend the collection of such contested Taxes or Other Charges from the Property; and (vi) Borrower shall furnish such security as may be required in the proceeding, or deliver to Lender such reserve deposits as may be requested by Lender, to insure the payment of any such Taxes or Other Charges, together with all interest and penalties thereon.  Lender may pay over any such cash deposit or part thereof held by Lender to the claimant entitled thereto at any time when, in the judgment of Lender, the entitlement of such claimant is established or the Property (or part thereof or interest therein) shall be in danger of being sold, forfeited, terminated, canceled or lost or there shall be any danger of the lien of the Security Instrument being primed by any related lien. 
Section 4.6. Litigation.  Borrower shall give prompt written notice to Lender of any litigation or governmental proceedings pending or threatened in writing against Borrower which might have a Material Adverse Effect. 
Section 4.7. Access to Property.  Borrower shall permit agents, representatives and employees of Lender to inspect the Property or any part thereof at reasonable hours upon reasonable advance notice. 
Section 4.8. Notice of Default.  Borrower shall promptly advise Lender of any material adverse change in Borrower's, Sponsor's and/or Guarantor's condition (financial or otherwise) or of the occurrence of any Default or Event of Default of which Borrower has knowledge. 
Section 4.9. Cooperate in Legal Proceedings.  Borrower shall cooperate fully with Lender with respect to any proceedings before any court, board or other Governmental Authority which may in any way affect the rights of Lender hereunder or any rights obtained by Lender under any of the Note, the Security Instrument or the other Loan Documents and, in connection therewith, permit Lender, at its election, to participate in any such proceedings. 
Section 4.10. Performance by Borrower.  Borrower hereby acknowledges and agrees that Borrower's observance, performance and fulfillment of each and every covenant, term and provision to be observed and performed by Borrower under this Agreement, the Security Instrument, the Note and the other Loan Documents is a material inducement to Lender in making the Loan. 
Section 4.11. Fire Code Violations.   Within ninety (90) days after the Closing Date, 
Borrower shall provide Lender with satisfactory evidence that no fire code violations exist at the Property and that the two (2) violations by the Tenants known as China Wok and Alliance Rehab have been corrected and cleared.   
Section 4.12. Books and Records. 
(1)Borrower shall furnish to Lender: 
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(d)quarterly (and prior to a Securitization (if requested by Lender), monthly) certified rent rolls (which for the sake of clarity shall be in the form delivered to Lender at closing and additionally identifying any tenants which have vacated or "gone dark" or defaulted under their Lease) within thirty (30) days after the end of each calendar month or each calendar quarter, as applicable; 
(e)quarterly (and prior to a Securitization (if requested by Lender), monthly) operating statements of the Property detailing the revenues received, the expenses incurred and the components of Underwritable Cash Flow before and after Debt Service and major capital improvements for the period of calculation and containing appropriate year-to-date information, within ten (10) days after the end of each calendar month or thirty (30) days after the end of each calendar quarter, as applicable; 
(f)within eighty five (85) days after the close of each fiscal year of Borrower, (A) with respect to Borrower, an annual balance sheet, profit and loss statement (each of which shall not include any Person other than Borrower) and (B) an annual operating statement of the Property (detailing the revenues received, the expenses incurred and the components of Underwritable Cash Flow before and after Debt Service and major capital improvements for the period of calculation and containing appropriate year-to-date information); 
(g)by no later than December 1 of each calendar year, an annual operating budget for the next succeeding calendar year presented on a monthly basis consistent with the annual operating statement described above for the Property, including cash flow projections for the upcoming year and all proposed capital replacements and improvements, which such budget shall (A) until the occurrence and continuance of a Trigger Period, be provided to Lender for informational purposes and (B) after the occurrence and during the continuance of a Trigger Period not take effect until approved by Lender (after such approval has been given in writing, such approved budget shall be referred to herein as the "Approved Annual Budget").  Until such time that Lender approves a proposed Annual Budget, (1) to the extent that an Approved Annual Budget does not exist for the immediately preceding calendar year, all operating expenses of the Property for the then current calendar year shall be deemed extraordinary expenses of the Property and shall be subject to Lender's prior written approval (not to be unreasonably withheld or delayed) and (2) to the extent that an Approved Annual Budget exists for the immediately preceding calendar year, such Approved Annual Budget shall apply to the then current calendar year; provided, that such Approved Annual Budget shall be adjusted to reflect actual increases in Taxes, Insurance Premiums and utilities expenses; 
(h)by no later than ten (10) days after and as of the end of each calendar month during the period prior to Securitization, and thereafter by no later than thirty (30) days after and as of the end of each calendar quarter, (A) a calculation of the then current Debt Yield, together with such back-up information as Lender shall require and (B) after the occurrence and during the continuance of a Trigger Period, a calculation of the amount of Excess Cash Flow generated by the Property for such period together with such back-up information as Lender shall require; and 
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(i)by no later than ten (10) days after and as of the end of each calendar month during the period prior to Securitization, and thereafter by no later than thirty (30) days after and as of the end of each calendar quarter, to the extent not already reported in any other Required Financial Item, a summary report containing each of the following with respect to the Property for the most recently completed calendar month or quarter (as applicable):  (A) aggregate sales by tenants under Leases or other occupants of the Property, both on an actual and on a comparable store basis (only to the extent such information is provided by such tenants or occupants), (B) rent per square foot payable by each such tenant or occupant and (C) aggregate occupancy of the Property by anchor space and in-line store space. 
(2)Upon request from Lender, Borrower shall furnish in a timely manner to Lender: 
(j)an accounting of all Security Deposits, including the nature and type of Security Deposit, the name and identification number of the accounts in which such Security Deposits are held (if applicable), such details regarding any Security Deposit not held in the form of cash as Lender may reasonably require, the name and address of the financial institutions in which such Security Deposits are held or have been otherwise issued by and the name of the Person to contact at such financial institution, along with any authority or release necessary for Lender to obtain information regarding such accounts or other information directly from such financial institutions; and 
(k)evidence reasonably acceptable to Lender of compliance with the terms and conditions of Articles 5 and 9 hereof. 
(3)Borrower shall, within ten (10) days of request, furnish Lender (and shall cause Sponsor and/or Guarantor to furnish to Lender) with such other additional financial or management information (including State and Federal tax returns) as may, from time to time, be reasonably required by Lender in form and substance satisfactory to Lender. Borrower shall furnish to Lender and its agents convenient facilities for the examination and audit of any such books and records. 
(4)Borrower agrees that (i) Borrower shall keep adequate books and records of account and (ii) all Required Financial Items (defined below) to be delivered to Lender pursuant to Section 4.12 shall: (A) be complete and correct; (B) present fairly the financial condition of the applicable Person; (C) disclose all liabilities that are required to be reflected or reserved against; (D) be prepared (1) in the form required by Lender and certified by a Responsible Officer of Borrower (2) in hardcopy and electronic formats and (3) in accordance with the Approved Accounting Method; and (E) as it pertains to the annual financial statements, be audited by an independent certified public accountant acceptable to Lender.  Borrower shall be deemed to warrant and represent that, as of the date of delivery of any such financial statement, there has been no material adverse change in financial condition, nor have any assets or properties been sold, transferred, assigned, mortgaged, pledged or encumbered since the date of such financial statement except as disclosed by Borrower in a writing delivered to Lender.  Borrower agrees that all Required Financial Items shall not contain any misrepresentation or omission of a material fact. 
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(5)Borrower acknowledges the importance to Lender of the timely delivery of each of the items required by this Section 4.12 and the other financial reporting items required by this Agreement (each, a "Required Financial Item" and, collectively, the "Required Financial Items").  Provided that Lender shall send written notice to Borrower that Borrower has failed to deliver any Required Financial Item to Lender and if Borrower fails to deliver such Required Financial Item to Lender within ten (10) days of Lender sending such written notice to Borrower, (each such event, a "Reporting Failure"), the same shall, at Lender's option, constitute an immediate Event of Default hereunder and, without limiting Lender's other rights and remedies with respect to the occurrence of such an Event of Default, Borrower shall pay to Lender the sum of $2,500.00 per occurrence for each Reporting Failure that is not provided by Borrower to Lender within such ten (10) day period.  It shall constitute a further Event of Default hereunder if any such payment is not received by Lender within thirty (30) days of the date on which such payment is due, and Lender shall be entitled to the exercise of all of its rights and remedies provided hereunder. 
Section 4.13. Estoppel Certificates. 
(1)After request by Lender, Borrower, within ten (10) days of such request, shall furnish Lender or any proposed assignee with a statement, duly acknowledged and certified, setting forth (i) the original principal amount of the Loan, (ii) the unpaid principal amount of the Loan, (iii) the rate of interest of the Loan, (iv) the terms of payment and maturity date of the 
Loan, (v) the date installments of interest and/or principal were last paid, (vi) that, except as provided in such statement, no Event of Default exists, (vii) that this Agreement, the Note, the Security Instrument and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification, (viii) whether any offsets or defenses exist against the obligations secured hereby and, if any are alleged to exist, a detailed description thereof, (ix) that all Leases are in full force and effect and have not been modified (or if modified, setting forth all modifications), (x) the date to which the Rents thereunder have been paid pursuant to the Leases, (xi) whether or not, to the best knowledge of Borrower, any of the lessees under the Leases are in default under the Leases, and, if any of the lessees are in default, setting forth the specific nature of all such defaults, (xii) the amount of Security Deposits held by Borrower under each Lease and that such amounts are consistent with the amounts required under each Lease, and (xiii) as to any other matters reasonably requested by Lender and reasonably related to the Leases, the obligations created and evidenced hereby and by the Security Instrument or the Property. 
(2)Borrower shall use its best efforts to deliver to Lender, promptly upon request, duly executed estoppel certificates from any one or more Tenants as required by Lender attesting to such facts regarding the Lease as Lender may require, including, but not limited to, attestations that each Lease covered thereby is in full force and effect with no defaults thereunder on the part of any party, that none of the Rents have been paid more than one month in advance, except as security, no free rent or other concessions are due lessee and that the lessee claims no defense or offset against the full and timely performance of its obligations under the Lease. 
(3)In connection with any Secondary Market Transaction, at Lender's request, Borrower shall provide an estoppel certificate to any Investor or any prospective Investor in such 
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form, substance and detail as Lender, such Investor or prospective Investor may reasonably require. 
(4)Borrower shall use its best efforts to deliver to Lender, promptly upon request, estoppel certificates from each party under any Property Document in form and substance reasonably acceptable to Lender. 
Section 4.14. Leases and Rents. 
(1)Unless otherwise consented to in writing by Lender, all Leases and all renewals of Leases executed after the date hereof shall (i) provide for rental rates comparable to existing local market rates for similar properties, (ii) be with unaffiliated, third parties on terms and conditions (including, without limitation, terms and conditions relating to free rent, tenant improvements and other allowances) which are, in each case, commercially reasonable and comparable to existing local market terms and conditions for similar properties, (iii) provide that such Lease is subordinate to the Security Instrument and that the lessee will attorn to Lender and any purchaser at a foreclosure sale and (iv) not contain any terms which would have a Material Adverse Effect.  Notwithstanding anything to the contrary contained herein, Borrower shall not, without the prior written approval of Lender (which approval shall not be unreasonably withheld or delayed), enter into, renew, extend, amend, modify, permit any assignment of or subletting under, waive any provisions of, release any party to, terminate, reduce rents under, accept a surrender of space under, or shorten the term of, in each case, any Major Lease. 
(2)Without limitation of subsection (a) above, Borrower (i) shall observe and perform the obligations imposed upon the lessor under the Leases in a commercially reasonable manner; (ii) shall enforce the terms, covenants and conditions contained in the Leases upon the part of the lessee thereunder to be observed or performed in a commercially reasonable manner; (iii) shall not collect any of the Rents more than one (1) month in advance (other than Security 
Deposits); (iv) shall not execute any assignment of lessor's interest in the Leases or the Rents (except as contemplated by the Loan Documents); (v) shall not, without Lender's prior written consent, alter, modify or change any Lease to the extent the same would, individually or in the aggregate, (A) cause any such Lease to violate 4.14(a)(i) through (iii) above or (B) have a Material Adverse Effect; and (vi) shall hold all Security Deposits in accordance with Legal Requirements.  Upon request, Borrower shall furnish Lender with executed copies of all Leases. 
(3)Notwithstanding anything contained herein to the contrary, Borrower shall not willfully withhold from Lender when requested by Lender or in Borrower's financial statements or rent rolls any information regarding renewal, extension, amendment, modification, waiver of provisions of, termination, rental reduction of, surrender of space of, or shortening of the term of, any Lease during the term of the Loan.  Borrower further agrees to provide Lender with written notice of a Major Lease Tenant "going dark" under such Major Lease within five (5) Business Days after such Major Lease Tenant "goes dark".  Borrower agrees to provide Lender with written notice of any monetary or material non-monetary event of default under a Major Lease within five (5) Business Days after the occurrence of any such event of default.  Borrower's failure to provide any of the aforesaid notices shall, at Lender's option, constitute an Event of Default. 
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(4)Borrower shall notify Lender in writing, within five (5) Business Days following receipt thereof, of Borrower's receipt of any early termination fee or payment or other termination fee or payment paid by any Tenant under any Lease which (I) is from a Major Lease Tenant or (II) exceeds $100,000.00, and Borrower further covenants and agrees that Borrower shall hold any such termination fee or payment in for benefit of the Property and Loan and that Borrower shall use such termination fee or payment in connection with re-tenanting the Property.  In connection with any early termination fee or payment or other termination fee or payment paid by any Tenant under any Lease which (I) is from a Major Lease Tenant (II) exceeds $100,000.00 or (III) is made during a Trigger Period, Lender shall have the option upon receipt of the aforementioned notice from Borrower to require that such amount be deposited in reserve with Lender to be disbursed by Lender for tenant improvement and leasing commission costs with respect to the Property and/or if a Trigger Period exists for payment of the Debt.  The foregoing consent right of Lender (including, without limitation, any reserve requirement) shall not be subject to any "cap" or similar limit on the amount of Reserve Funds held by Lender (including, without limitation, any "cap" or similar limit relating to the Leasing Reserve Funds). 
(5)Upon the occurrence of an Event of Default, Borrower shall, within thirty (30) days of demand by Lender, deliver to Lender all Security Deposits.  Without limitation of any other term or provision contained herein, for purposes of clarification, for a Security Deposit to be deemed "delivered to Lender" in connection with the foregoing, the same must be in the form of cash or in a letter of credit solely in Lender's name. 
(6)To the extent that the Deemed Approval Requirements are fully satisfied in connection with any Borrower request for Lender consent under this Section and Lender thereafter fails to respond, Lender's approval shall be deemed given with respect to the matter for which approval was requested. 
Section 4.15. Management Agreement. 
(1)Borrower shall (i) diligently and promptly perform, observe and enforce all of the terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed, observed and enforced to the end that all things shall be done which are necessary to keep unimpaired the rights of Borrower under the Management Agreement, (ii) promptly notify Lender of any default under the Management Agreement; (iii) promptly deliver to Lender a copy of any notice of default or other material notice received by Borrower under the Management Agreement; (iv) promptly give notice to Lender of any notice or information that Borrower receives which indicates that Manager is terminating the Management Agreement or that Manager is otherwise discontinuing its management of the Property; and (v) promptly enforce the performance and observance of all of the covenants required to be performed and observed by Manager under the Management Agreement. 
(2)Borrower shall not, without the prior written consent of Lender, (i) surrender, terminate or cancel the Management Agreement, consent to any assignment of the Manager's interest under the Management Agreement or otherwise replace Manager or renew or extend any Management Agreement (exclusive of, in each case, any automatic renewal or extension in accordance with its terms) or enter into any other new or replacement management agreement with respect to the Property; provided, however, that Borrower may replace Manager and/or 
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consent to the assignment of Manager's interest under the Management Agreement, in each case, in accordance with the applicable terms and conditions hereof and of the other Loan Documents; (ii) reduce or consent to the reduction of the term of the Management Agreement; (iii) increase or consent to the increase of the amount of any charges under the Management Agreement; or (iv) otherwise modify, change, alter or amend, in any material respect, or waive or release any of its material rights and remedies under, the Management Agreement in any material respect. 
(3)If Borrower shall default in the performance or observance of any material term, covenant or condition of the Management Agreement on the part of Borrower to be performed or observed, then, without limiting the generality of the other provisions of this Agreement, and without waiving or releasing Borrower from any of its obligations hereunder, Lender shall have the right, but shall be under no obligation, to pay any sums and to perform any act or take any action as may be appropriate to cause all the terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed or observed to be promptly performed or observed on behalf of Borrower, to the end that the rights of Borrower in, to and under the Management Agreement shall be kept unimpaired and free from default.  Lender and any Person designated by Lender shall have, and are hereby granted, the right to enter upon the Property at any time and from time to time for the purpose of taking any such action.  If Manager shall deliver to Lender a copy of any notice sent to Borrower of default under the Management Agreement, such notice shall constitute full protection to Lender for any action taken or omitted to be taken by Lender in good faith, in reliance thereon.  Borrower shall notify Lender if Manager sub-contracts to a third party or an Affiliate any or all of its management responsibilities under the Management Agreement. 
(4)Borrower shall, from time to time, use its best efforts to obtain from Manager under the Management Agreement such certificates of estoppel with respect to compliance by Borrower with the terms of the Management Agreement as may be requested by Lender.  Borrower shall exercise each individual option, if any, to extend or renew the term of the Management Agreement upon demand by Lender made at any time within one (1) year of the last day upon which any such option may be exercised, and Borrower hereby expressly authorizes and appoints Lender its attorney-in-fact to exercise any such option in the name of and upon behalf of Borrower, which power of attorney shall be irrevocable and shall be deemed to be coupled with an interest. 
(5)In the event that the Management Agreement is scheduled to expire at any time during the term of the Loan, Borrower shall submit to Lender by no later than 60 days prior to such expiration a draft replacement management agreement for approval in accordance with the terms and conditions hereof.  Borrower's failure to submit the same within such time-frame shall, at Lender's option, constitute an immediate Event of Default. 
(6)Borrower shall have the right to replace Manager or consent to the assignment of Manager's rights under the Management Agreement, in each case, to the extent that (i) no Event of Default has occurred and is continuing, (ii) Lender receives at least sixty (60) days prior written notice of the same, (iii) such replacement or assignment (as applicable) will not result in a Property Document Event and (iv) the applicable New Manager is a Qualified Manager engaged pursuant to a Qualified Management Agreement.  Manager shall not (and Borrower 
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shall not permit Manager to) resign as Manager or otherwise cease managing the Property until a New Manager is engaged to manage the Property in accordance with the applicable terms and conditions hereof and of the other Loan Documents. 
(7)Without limitation of the foregoing, if the Management Agreement is terminated or expires (including, without limitation, pursuant to the Assignment of Management Agreement), comes up for renewal or extension (exclusive of, in each case, any automatic renewal or extension in accordance with its terms), ceases to be in full force or effect or is for any other reason no longer in effect (including, without limitation, in connection with any Sale or Pledge), then Lender, at its option, may require Borrower to engage, in accordance with the terms and conditions set forth herein and in the Assignment of Management Agreement, a New Manager to manage the Property, which such New Manager shall (i) to the extent a Trigger Period is continuing and if opted by Lender, selected by Lender and (ii) be a Qualified Manager and shall be engaged pursuant to a Qualified Management Agreement. 
(8)As conditions precedent to any engagement of a New Manager hereunder, (i) New Manager and Borrower shall execute an Assignment of Management Agreement in the form required by Lender (with such changes thereto as may be required by the Rating Agencies), (ii) to the extent that such New Manager is an Affiliated Manager, Borrower shall deliver to Lender a New Non-Consolidation Opinion with respect to such New Manager and new management agreement and (iii) if requested by Lender, Borrower shall deliver to Lender evidence that the engagement of such New Manager will not result in a Property Document Event. 
(9)Borrower shall notify Lender in writing, within two (2) Business Days following receipt thereof, of Borrower's receipt of any early termination fee or similar payment or other termination fee or similar payment paid by any Manager, and Borrower further covenants and agrees that Borrower shall hold any such termination fee or payment in trust for the benefit of Lender and that any use of such termination fee or payment shall be subject in all respects to Lender's prior written consent in Lender's sole discretion (which consent may include, without limitation, a requirement by Lender that such termination fee or payment be placed in reserve with Lender to be disbursed by Lender for replacing such Manager and/or for payment of the Debt or otherwise in connection with the Loan evidenced by the Note and/or the Property, as so determined by Lender).  The foregoing consent right of Lender (including, without limitation, any reserve requirement) shall not be subject to any "cap" or similar limit on the amount of Reserve Funds held by Lender. 
(10)Any sums expended by Lender pursuant to this Section shall bear interest at the Default Rate from the date such cost is incurred to the date of payment to Lender, shall be deemed to constitute a portion of the Debt, shall be secured by the lien of the Security Instrument and the other Loan Documents and shall be immediately due and payable upon demand by Lender therefor. 
Section 4.16. Payment for Labor and Materials. 
(1)Subject to Section 4.16(b) below, Borrower will promptly pay (or cause to be paid) when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property (any such bills and costs, a "Work Charge") and never 
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permit to exist in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests created hereby and by the Security Instrument, except for the Permitted Encumbrances. 
(2)After prior written notice to Lender, Borrower, at its own expense, may contest by appropriate legal proceeding, promptly initiated and conducted in good faith and with due diligence, the validity of any Work Charge, the applicability of any Work Charge to Borrower or to the Property or any alleged non-payment of any Work Charge and defer paying the same, provided that (i) no Event of Default has occurred and is continuing; (ii) such proceeding shall be permitted under and be conducted in accordance with the provisions of any instrument to which Borrower is subject and shall not constitute a default thereunder and such proceeding shall be conducted in accordance with all applicable Legal Requirements; (iii) neither the Property nor any part thereof or interest therein will be in imminent danger of being sold, forfeited, terminated, cancelled or lost; (iv) Borrower shall promptly upon final determination thereof pay (or cause to be paid) any such contested Work Charge determined to be valid, applicable or unpaid; (v) such proceeding shall suspend the collection of such contested Work Charge from the Property or Borrower shall have paid the same (or shall have caused the same to be paid) under protest; and (vi) Borrower shall furnish (or cause to be furnished) such security as may be required in the proceeding, or if no security is required by the proceeding such security as may be reasonably requested by Lender as necessary to protect its interests hereunder and, to insure payment of such Work Charge, together with all interest and penalties payable in connection therewith.  Lender may apply any such security or part thereof, as necessary to pay for such Work Charge at any time when, in the judgment of Lender, the validity, applicability or nonpayment of such Work Charge is finally established or the Property (or any part thereof or interest therein) shall be in present danger of being sold, forfeited, terminated, cancelled or lost. 
Section 4.17. Performance of Other Agreements.  Borrower shall observe and perform each and every term to be observed or performed by Borrower pursuant to the terms of any agreement or recorded instrument affecting or pertaining to the Property, or given by Borrower to Lender for the purpose of further securing the Debt and any amendments, modifications or changes thereto. 
Section 4.18. Debt Cancellation.  Borrower shall not cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to Borrower by any Person, except for adequate consideration and in the ordinary course of Borrower's business. 
Section 4.19. ERISA; FIRRMA. 
(1)Borrower shall not engage in any transaction which would cause any obligation, or action taken or to be taken, hereunder (or the exercise by Lender of any of its rights hereunder or under the other Loan Documents) to be a non-exempt prohibited transaction under ERISA. 
(2)Borrower further covenants and agrees to deliver to Lender such certifications or other evidence from time to time throughout the term of the Security Instrument, as requested by 
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Lender in its reasonable discretion, that (i) Borrower is not an "employee benefit plan" as defined in Section 3(3) of ERISA, or other retirement arrangement, which is subject to Title I of ERISA or Section 4975 of the IRS Code, or a "governmental plan" within the meaning of Section 3(32) of ERISA; (ii) Borrower is not subject to state statutes regulating investments and fiduciary obligations with respect to governmental plans; and (iii) one or more of the following circumstances is true: 
(a)Equity interests in Borrower are publicly offered securities, within the meaning of 29 C.F.R. § 2510.3 101(b)(2); 
(b)Less than 25 percent of each outstanding class of equity interests in Borrower are held by "benefit plan investors" within the meaning of 29 C.F.R.§ 2510.3 101(f)(2); or 
(c)Borrower qualifies as an "operating company" or a "real estate operating company" within the meaning of 29 C.F.R § 2510.3 101(c) or (e) or an investment company registered under The Investment Company Act of 1940, as amended. 
(3)Borrower shall not maintain, sponsor, contribute to or become obligated to contribute to, or suffer or permit any member of Borrower's "controlled group of corporations" to maintain, sponsor, contribute to or become obligated to contribute to a "defined benefit plan" or a "multiemployer pension plan".  The terms in quotes above are defined in Section 3.7 of this Agreement. 
(4)Within three (3) Business Days of Borrower's receipt of any FIRRMA Document, Borrower shall provide Lender a copy of the same.  Concurrently with Borrower's delivery of any FIRRMA Document, Borrower shall provide Lender a copy thereof.  In the event that Borrower or any of its Affiliates meets with any Governmental Authority for any purpose relating to FIRRMA, Borrower shall provide Lender with a written summary of such meeting within three (3) Business Days thereafter.  In the event that any review, investigation or other proceeding is commenced relating to FIRRMA and involving Borrower, the Constituent Owners of Borrower and/or the Property, Borrower shall provide Lender with a written summary of the status of such matters on a monthly, or if requested by Lender, more frequent, basis, including such information as Lender shall reasonably request.  Borrower shall (and shall cause its Constituent Owners to) (i) comply with FIRRMA and (ii) respond to, and comply with, all requests, orders, and directives from any Governmental Authority related to FIRRMA; provided, however, the foregoing subsections (i) and (ii) shall not limit any obligation of Borrower to otherwise comply with any other applicable terms and conditions hereof and of the other Loan Documents.  Notwithstanding anything contained herein to the contrary, each of any FIRRMA Prohibited Transfer and FIRRMA Prohibited Filing Event shall be deemed prohibited hereunder as a breach hereof and Borrower shall not permit the same to occur without Lender's prior written consent. 
Section 4.20. No Joint Assessment.  Borrower shall not suffer, permit or initiate the joint assessment of the Property with (a) any other real property constituting a tax lot separate from the Property, or (b) any portion of the Property which may be deemed to constitute personal 
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property, or any other procedure whereby the lien of any taxes which may be levied against such personal property shall be assessed or levied or charged to the Property. 
Section 4.21. Alterations.  Notwithstanding anything contained herein (including, without limitation, Article 8 hereof) to the contrary, Lender's prior approval shall be required in connection with any alterations to any Improvements (a) that may have a Material Adverse Effect, (b) the cost of which (including any related alteration, improvement or replacement) is reasonably anticipated to exceed the Alteration Threshold or (c) that are structural in nature, which approval may be granted or withheld in Lender's sole discretion.  If the total unpaid amounts incurred and to be incurred with respect to any alterations to the Improvements shall at any time exceed the Alteration Threshold, Borrower shall promptly deliver to Lender as security for the payment of such amounts and as additional security for Borrower's obligations under the Loan Documents any of the following: (i) cash, (ii) U.S. Obligations, (iii) other security acceptable to Lender, (provided that Lender shall have received a Rating Agency Confirmation as to the form and issuer of same), or (iv) a completion bond (provided that Lender shall have received a Rating Agency Confirmation as to the form and issuer of same).  Such security shall be in an amount equal to the excess of the total unpaid amounts incurred and to be incurred with respect to such alterations to the Improvements over the Alteration Threshold. 
Section 4.22. Property Document Covenants.  Without limiting the other provisions of this Agreement and the other Loan Documents, Borrower shall (i) promptly perform and/or observe, in all material respects, all of the covenants and agreements required to be performed and observed by it under the Property Documents and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (ii) promptly notify Lender of any material default under the Property Documents of which it is aware; (iii) promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, notice, report and estimate received by it under the Property Documents; (iv) enforce the performance and observance of all of the covenants and agreements required to be performed and/or observed under the Property Documents in a commercially reasonable manner; (v) cause the Property to be operated, in all material respects, in accordance with the Property Documents; and (vi) not, without the prior written consent of Lender, (A) enter into any new Property Document or replace or execute modifications to any existing Property Documents or renew or extend the same (exclusive of, in each case, any automatic renewal or extension in accordance with its terms), (B) surrender, terminate or cancel the Property Documents, (C) reduce or consent to the reduction of the term of the Property Documents, (D) increase or consent to the increase of the amount of any charges under the Property Documents, (E) otherwise modify, change, supplement, alter or amend, or waive or release any of its rights and remedies under, the Property Documents in any material respect or (F) following the occurrence and during the continuance of an Event of Default, exercise any rights, make any decisions, grant any approvals or otherwise take any action under the Property Documents. 
Section 4.23. Ground Lease Covenants.  Without limitation of the other provisions herein (including, without limitation, Section 4.22 hereof), Borrower makes the following covenants with respect to the Ground Lease: 
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(1)Borrower shall (i) pay (or cause to be paid) all rents, additional rents and other sums required to be paid by Borrower, as tenant under and pursuant to the provisions of the Ground Lease, (ii) diligently perform and observe (or cause to be performed and observed) all of the terms, covenants and conditions of the Ground Lease on the part of Borrower, as tenant thereunder, (iii) promptly notify Lender of any change in the Payment Instructions and of the giving of any notice by the landlord under the Ground Lease to Borrower of any default by Borrower and shall, within five (5) Business Days of receipt of such notice or change, (A) deliver to Lender a true copy of each such notice or evidence of such change (as applicable) and (B) in the case of a change in the Payment Instructions, deliver to Lender a new IRS Form W9 with respect to the landlord under the Ground Lease (or evidence reasonably acceptable to Lender that the IRS Form W9 with respect to the landlord under the Ground Lease then held by Lender remains accurate and valid) and (iv) promptly notify Lender of any bankruptcy, reorganization or insolvency of the landlord under the Ground Lease or of any notice thereof, and deliver to Lender a true copy of such notice within five (5) Business Days of Borrower's receipt. 
(2)Borrower shall not, without the prior consent of Lender, surrender the leasehold estate created by the Ground Lease or terminate or cancel the Ground Lease or modify, change, supplement, alter or amend the Ground Lease, either orally or in writing, and if Borrower shall default in the performance or observance of any term, covenant or condition of the Ground Lease on the part of Borrower and shall fail to cure the same prior to the expiration of any applicable cure period provided thereunder, Lender shall have the right, but shall be under no obligation, to pay any sums and to perform any act or take any action as may be appropriate to cause all of the terms, covenants and conditions of the Ground Lease on the part of Borrower to be performed or observed on behalf of Borrower, to the end that the rights of Borrower in, to and under the Ground Lease shall be kept unimpaired and free from default.  If the landlord under the Ground Lease shall deliver to Lender a copy of any notice of default under the Ground Lease, such notice shall constitute full protection to Lender for any action taken or omitted to be taken by Lender, in good faith, in reliance thereon.  Without the prior written consent of Lender, which shall not be unreasonably withheld, conditioned or delayed by Lender so long as all of the following conditions are satisfied, Borrower shall not (and shall not permit any Borrower Party or any Affiliate of any Borrower Party to) acquire the fee interest in the portion of the Property subject to the Ground Lease (the "Fee Acquisition"; provided however Borrower may request that Lender consent to the Fee Acquisition by Borrower (but not any Affiliate of any Borrower Party) provided all of the following requirements are satisfied: (i) no Event of Default exists, (ii) the REMIC Requirements are satisfied and Borrower delivers to Lender a REMIC Opinion, (iii) the Loan Documents shall be modified as applicable to include the fee interest in the applicable 
Property as collateral for the Loan, (iv) Borrower provides to Lender a replacement Title Insurance Policy or endorsement to the one issued on the Closing Date which has been updated to reflect the modifications to the Loan Documents and recording and creation of additional security interests in favor of Lender, (v) Borrower and Guarantor do not incur any additional debt in connection therewith, (vi) such other reasonable requirements as are deemed necessary by Lender under the Prudent Lender Standard, and (vii) Borrower pays all costs and expenses of Lender and its legal counsel and all rating agency, title company, recording office and similar fees and expenses in connection with the Fee Acquisition.   
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(3)Borrower shall exercise each individual option, if any, to extend or renew the term of the Ground Lease by no later than the earliest possible date for renewal (if any) (the "Renewal Deadline"), and Borrower hereby expressly authorizes and appoints Lender its attorney-in-fact to exercise any such option in the name of and upon behalf of Borrower, which power of attorney shall be irrevocable and shall be deemed to be coupled with an interest.  Borrower's failure to exercise the aforesaid renewal option within the aforesaid period shall, at Lender's option, constitute an immediate Event of Default hereunder. Additionally, Borrower acknowledges that upon Lender's request Borrower shall deliver to Lender an original executed but undated notice to the landlord under the Ground Lease exercising Borrower's renewal rights thereunder (such notice, the "Renewal Notice").  Borrower hereby irrevocably grants Lender the right to date and transmit the Renewal Notice to the landlord under the Ground Lease; provided, however, Lender shall only do so if, as of the Renewal Deadline, Lender is not in receipt of evidence reasonably acceptable to Lender that Borrower has exercised its right to renew the Ground Lease. 
(4)Notwithstanding anything contained in the Ground Lease to the contrary, Borrower shall not, without prior written consent of Lender, sublet any portion of the leasehold estate created by the Ground Lease except in accordance with the applicable terms and conditions hereof. 
ARTICLE 5 
 
ENTITY COVENANTS 
    Section 5.1.     Single Purpose Entity/Separateness. 
(1)Borrower has not and will not: 
(l)engage in any business or activity other than the ownership, operation and maintenance of the Property, and activities incidental thereto (and the Prior Owned Property which Borrower does not and shall not own after the Closing Date); 
(m)acquire or own any assets other than (A) the Property, and (B) such incidental Personal Property as may be necessary for the ownership, leasing, maintenance and operation of the Property (and the Prior Owned Property which Borrower does not and shall not own after the Closing Date); 
(n)merge into or consolidate with any Person, divide or otherwise engage in or permit any Division or have the power to engage in or permit any Division or dissolve, terminate, liquidate in whole or in part, transfer or otherwise dispose of all or substantially all of its assets or change its legal structure.  As used herein, the term "Division" shall mean, as to any Person, such Person dividing and/or otherwise engaging in and/or becoming subject to, in each case, any division (whether pursuant to plan of division or otherwise), including, without limitation and to the extent applicable, pursuant to §18-217 of the Limited Liability Company Act of the State of Delaware; 
(o)fail to observe all organizational formalities, or fail to preserve its existence as an entity duly organized, validly existing and in good standing (if applicable) 
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under the applicable Legal Requirements of the jurisdiction of its organization or formation, or amend, modify, terminate or fail to comply with the provisions of its organizational documents (provided, that, such organizational documents may be amended or modified to the extent that, in addition to the satisfaction of the requirements related thereto set forth therein, Lender's prior written consent and, if required by Lender, a Rating Agency Confirmation are first obtained); 
(p)own any subsidiary, or make any investment in, any Person (other than, with respect to any SPE Component Entity, in Borrower); 
(q)commingle its funds or assets with the funds or assets of any other Person; 
(r)incur any Indebtedness, secured or unsecured, direct or contingent (including guaranteeing any obligation), other than (A) the Debt, (B) trade and operational indebtedness incurred in the ordinary course of business with trade creditors, provided such indebtedness is (1) unsecured, (2) not evidenced by a note, (3) on commercially reasonable terms and conditions, and (4) due not more than ninety (90) days past the date incurred and paid on or prior to such date, and/or (C) Permitted Equipment Leases; provided however, the aggregate amount of the indebtedness described in (B) and (C) shall not exceed at any time two percent (2%) of the outstanding principal amount of the Debt.  No Indebtedness other than the Debt may be secured (senior, subordinate or pari passu) by the Property; 
(s)fail to maintain all of its books, records, financial statements and bank accounts separate from those of any other Person (including, without limitation, any Affiliates).  Borrower's assets have not and will not be listed as assets on the financial statement of any other Person; provided, however, that Borrower's assets may be included in a consolidated financial statement of its Affiliates provided that (i)  appropriate notation shall be made on such consolidated financial statements to indicate the separateness of Borrower and such Affiliates and to indicate that Borrower's assets and credit are not available to satisfy the debts and other obligations of such Affiliates or any other Person and (ii) such assets shall be listed on Borrower's own separate balance sheet.  Borrower has maintained and will maintain its books, records, resolutions and agreements as official records; 
(t)enter into any contract or agreement with any partner, member, shareholder, principal or Affiliate, except, in each case, upon terms and conditions that are intrinsically fair and substantially similar to those that would be available on an arm's-length basis with unaffiliated third parties; 
(u)maintain its assets in such a manner that it will be costly or difficult to segregate, ascertain or identify its individual assets from those of any other Person; 
(v)assume or guaranty the debts of any other Person, hold itself out to be responsible for the debts of any other Person, or otherwise pledge its assets for the benefit of any other Person or hold out its credit as being available to satisfy the obligations of any other Person; 
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(w)make any loans or advances to any Person; 
(x)fail to file its own tax returns (unless prohibited by applicable Legal Requirements from doing so); 
(y)fail to (A) hold itself out to the public and identify itself, in each case, as a legal entity separate and distinct from any other Person and not as a division or part of any other Person, (B) conduct its business solely in its own name, (C) hold its assets in its own name or (D) correct any known misunderstanding regarding its separate identity; 
(z)fail to maintain adequate capital for the normal obligations reasonably foreseeable in a business of its size and character and in light of its contemplated business operations (to the extent there exists sufficient cash flow from the Property to do so, and provided the foregoing shall not obligate any member, partner or shareholder to make an additional capital contribution which is not required by the entity's organizational documents); 
(aa)without the prior unanimous written consent of all of its partners, shareholders or members, as applicable, the prior unanimous written consent of its board of directors or managers, as applicable, and the prior written consent of each Independent Director (regardless of whether such Independent Director is engaged at the Borrower or SPE Component Entity level), (a) file or consent to the filing of any petition, either voluntary or involuntary, to take advantage of any Creditors Rights Laws, (b) seek or consent to the appointment of a receiver, liquidator or any similar official, (c) take any action that might cause such entity to become insolvent, (d) make an assignment for the benefit of creditors or (e) take any Material Action with respect to Borrower or any SPE Component Entity (provided, that none of any member, shareholder or partner (as applicable) of Borrower or any SPE Component Entity or any board of directors or managers (as applicable) of Borrower or any SPE Component Entity may vote on or otherwise authorize the taking of any of the foregoing actions unless, in each case, there is at least one (1) Independent Director then serving in such capacity in accordance with the terms of the applicable organizational documents and such Independent Director has consented to such foregoing action); 
(ab)fail to allocate shared expenses (including, without limitation, shared office space) or fail to use separate stationery, invoices and checks, except that business conducted by Manager or any other Person solely as agent for and on behalf of the Borrower pursuant to the Management Agreement or any other business services management agreement shall not be deemed a violation of the foregoing; 
(ac)fail to pay its own liabilities (including, without limitation, salaries of its own employees) from its own funds or fail to maintain a sufficient number of employees in light of its contemplated business operations (in each case to the extent there exists sufficient cash flow from the Property to do so, and provided the foregoing shall not obligate any member, partner or shareholder to make an additional capital contribution which is not required by the entity's organizational documents); 
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(ad)acquire obligations or securities of its partners, members, shareholders or other Affiliates, as applicable; 
(ae)identify its partners, members, shareholders or other Affiliates, as 
applicable, as a division or part of it; or 
(af)violate or cause to be violated the assumptions made with respect to 
Borrower and its principals in the Non-Consolidation Opinion or in any New NonConsolidation Opinion 
(2)If Borrower is a partnership or limited liability company (other than an Acceptable LLC), each general partner (in the case of a partnership) and at least one member (in the case of a limited liability company) of Borrower, as applicable, shall be a corporation or an Acceptable LLC (each, an "SPE Component Entity") whose sole asset is its interest in Borrower.  Each SPE Component Entity (i) will at all times comply with each of the covenants, terms and provisions contained in Section 5.1(a)(iii) - (vi) (inclusive) and (viii) – (xx) (inclusive) and, if such SPE Component Entity is an Acceptable LLC, Section 5.1(c) and (d) hereof, as if such representation, warranty or covenant was made directly by such SPE Component Entity; (ii) will not engage in any business or activity other than owning an interest in Borrower; (iii) will not acquire or own any assets other than its partnership, membership, or other equity ownership interest in Borrower; (iv) will at all times continue to own no less than a 0.5% direct equity ownership interest in Borrower; (v) will not incur any debt, secured or unsecured, direct or contingent (including guaranteeing any obligation); and (vi) will cause Borrower to comply with the provisions of this Section 5.1. 
(3)In the event Borrower or any SPE Component Entity is an Acceptable LLC, the limited liability company agreement of Borrower or such SPE Component Entity (as applicable) (the "LLC Agreement") shall provide that (i) upon the occurrence of any event that causes the last remaining member of Borrower or such SPE Component Entity (as applicable) ("Member") to cease to be the member of Borrower or such SPE Component Entity (as applicable) (other than (A) upon an assignment by Member of all of its limited liability company interest in Borrower or such SPE Component Entity (as applicable) and the admission of the transferee in accordance with the Loan Documents and the LLC Agreement, or (B) the resignation of Member and the admission of an additional member of Borrower or such SPE Component Entity (as applicable) in accordance with the terms of the Loan Documents and the LLC Agreement), any natural person duly designated under the applicable organizational documents as the Independent Director shall, without any action of any other Person and simultaneously with the Member ceasing to be the member of Borrower or such SPE Component Entity (as applicable) automatically be admitted to Borrower or such SPE Component Entity (as applicable) as a member with a 0% economic interest ("Special Member") and shall continue Borrower or such SPE Component Entity (as applicable) without dissolution and (ii) Special Member may not resign from Borrower or such SPE Component Entity (as applicable) or transfer its rights as Special Member unless (A) a successor Special Member has been admitted to Borrower or such 
SPE Component Entity (as applicable) as a Special Member in accordance with requirements of Delaware law and (B) after giving effect to such resignation or transfer, there remains at least one (1) Independent Director of such SPE Component Entity or Borrower (as applicable) in 
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accordance with Section 5.2 below.  The LLC Agreement shall further provide that (i) Special Member shall automatically cease to be a member of Borrower or such SPE Component Entity (as applicable) upon the admission to Borrower or such SPE Component Entity (as applicable) of the first substitute member, (ii) Special Member shall be a member of Borrower or such SPE Component Entity (as applicable) that has no interest in the profits, losses and capital of Borrower or such SPE Component Entity (as applicable) and has no right to receive any distributions of the assets of Borrower or such SPE Component Entity (as applicable), (iii) pursuant to the applicable provisions of the limited liability company act of the State of Delaware (the "Act"), Special Member shall not be required to make any capital contributions to Borrower or such SPE Component Entity (as applicable) and shall not receive a limited liability company interest in Borrower or such SPE Component Entity (as applicable), (iv) Special Member, in its capacity as Special Member, may not bind Borrower or such SPE Component Entity (as applicable) and (v) except as required by any mandatory provision of the Act, Special Member, in its capacity as Special Member, shall have no right to vote on, approve or otherwise consent to any action by, or matter relating to, Borrower or such SPE Component Entity (as applicable) including, without limitation, the merger, consolidation or conversion of Borrower or such SPE Component Entity (as applicable); provided, however, such prohibition shall not limit the obligations of Special Member, in its capacity as Independent Director, to vote on such matters required by the Loan Documents or the LLC Agreement.  In order to implement the admission to Borrower or such SPE Component Entity (as applicable) of Special Member, Special Member shall execute a counterpart to the LLC Agreement.  Prior to its admission to Borrower or such SPE Component Entity (as applicable) as Special Member, Special Member shall not be a member of Borrower or such SPE Component Entity (as applicable), but Special Member may serve as an Independent Director of Borrower or such SPE Component Entity (as applicable). 
(4)The LLC Agreement shall further provide that (i) upon the occurrence of any event that causes the Member to cease to be a member of Borrower or such SPE Component Entity (as applicable) to the fullest extent permitted by law, the personal representative of Member shall, within ninety (90) days after the occurrence of the event that terminated the continued membership of Member in Borrower or such SPE Component Entity (as applicable) agree in writing (A) to continue Borrower or such SPE Component Entity (as applicable) and (B) to the admission of the personal representative or its nominee or designee, as the case may be, as a substitute member of Borrower or such SPE Component Entity (as applicable) effective as of the occurrence of the event that terminated the continued membership of Member in Borrower or such SPE Component Entity (as applicable), (ii) any action initiated by or brought against Member or Special Member under any Creditors Rights Laws shall not cause Member or Special Member to cease to be a member of Borrower or such SPE Component Entity (as applicable) and upon the occurrence of such an event, the business of Borrower or such SPE Component Entity (as applicable) shall continue without dissolution and (iii) each of Member and Special Member waives any right it might have to agree in writing to dissolve Borrower or such SPE Component Entity (as applicable) upon the occurrence of any action initiated by or brought against Member or Special Member under any Creditors Rights Laws, or the occurrence of an event that causes Member or Special Member to cease to be a member of Borrower or such SPE Component Entity (as applicable). 
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(5)Borrower represents that the representations, warranties and certifications contained in that certain Borrower's Recycled Entity Certification dated as of even date herewith by Borrower are true and correct. 
    Section 5.2.     Independent Director.   
(1)The organizational documents of Borrower (to the extent Borrower is a corporation or an Acceptable LLC) or the applicable SPE Component Entity, as applicable, shall provide that at all times there shall be at least one duly appointed independent director or managers of such entity (each, an "Independent Director") who (I) shall not have been at the time of each such individual's initial appointment, and shall not have been at any time during the preceding five years, and shall not be at any time while serving as Independent Director, (i) a shareholder (or other equity owner) of, or an officer, director (other than in its capacity as Independent Director), partner, member or employee of, Borrower, the applicable SPE 
Component Entity or any of their respective shareholders, partners, members, subsidiaries or Affiliates, (ii) a customer of, or supplier to, or other Person who derives any of its purchases or revenues from its activities with, Borrower, the applicable SPE Component Entity or any of their respective shareholders, partners, members, subsidiaries or Affiliates, (iii) a Person who Controls or is under common Control with any such shareholder, officer, director, partner, member, employee supplier, customer or other Person, (iv) a member of the immediate family of any such shareholder, officer, director, partner, member, employee, supplier, customer or other Person or (v) a trustee or similar Person in any proceeding under Creditors Rights Laws involving Borrower, the applicable SPE Component Entity or any of their respective shareholders, partners, members, subsidiaries or Affiliates, (II) shall have, at the time of their appointment, had at least three (3) years' experience in serving as an independent director and (III) shall be employed by, in good standing with and engaged by Borrower in connection with, in each case, an Approved ID Provider.  Notwithstanding anything to the contrary contained herein, it shall be an additional covenant and requirement under this Article that any entity housing an Independent Director (whether Borrower and/or any SPE Component Entity) shall be an Acceptable LLC. 
(2)The organizational documents of each Borrower and each SPE Component Entity shall further provide that (I) the board of directors or managers of Borrower and each SPE Component Entity and the constituent equity owners of such entities (constituent equity owners, the "Constituent Members") shall not take any action set forth in Section 5.1(a)(xvi) or any other action which, under the terms of any organizational documents of Borrower or any SPE Component Entity, requires the vote of the Independent Director unless, in each case, at the time of such action there shall be at least one Independent Director engaged as provided by the terms hereof and such Independent Director votes in favor of or otherwise consents to such action; (II) any resignation, removal or replacement of any Independent Director shall not be effective without (1) prior written notice to Lender and the Rating Agencies (which such prior written notice must be given on the earlier of five (5) days or three (3) Business Days prior to the applicable resignation, removal or replacement) and (2) evidence that the replacement Independent Director satisfies the applicable terms and conditions hereof and of the applicable organizational documents (which such evidence must accompany the aforementioned notice); (III) to the fullest extent permitted by applicable law, including Section 18-1101(c) of the Act and notwithstanding any duty otherwise existing at law or in equity, the Independent Director 
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shall consider only the interests of the Constituent Members and Borrower and each SPE Component Entity (including Borrower's and each SPE Component Entity's respective creditors) in acting or otherwise voting on the matters provided for herein and in Borrower's and each SPE Component Entity's organizational documents (which such fiduciary duties to the Constituent Members and Borrower and each SPE Component Entity (including Borrower's and each SPE Component Entity's respective creditors), in each case, shall be deemed to apply solely to the extent of their respective economic interests in Borrower or the applicable SPE Component Entity (as applicable) exclusive of (x) all other interests (including, without limitation, all other interests of the Constituent Members), (y) the interests of other Affiliates of the Constituent Members, Borrower and each SPE Component Entity and (z) the interests of any group of Affiliates of which the Constituent Members, Borrower or any SPE Component Entity is a part)); (IV) other than as provided in subsection (III) above, the Independent Director shall not have any fiduciary duties to any Constituent Members, any directors of Borrower or any SPE Component Entity or any other Person; (V) the foregoing shall not eliminate the implied contractual covenant of good faith and fair dealing under applicable law; (VI) to the fullest extent permitted by applicable law, including Section 18-1101(e) of the Act, an Independent Director shall not be liable to Borrower, any SPE Component Entity, any Constituent Member or any other Person for breach of contract or breach of duties (including fiduciary duties), unless the Independent Director acted in bad faith or engaged in willful misconduct; and (VII) except as provided in the foregoing subsections (III) through (VI), the Independent Director shall, in exercising their rights and performing their duties under the applicable organizational documents, have a fiduciary duty of loyalty and care similar to that of a director of a business corporation organized under the General Corporation Law of the State of Delaware.  Notwithstanding anything to the contrary contained in this Agreement, no Independent Director shall be removed or replaced without Cause and unless the Company provides Lender with no less than two (2) business days' prior written notice of (a) any proposed removal of such Independent Director, and (b) the identity of the proposed replacement Independent Director, together with a certification that such replacement satisfies the requirements for an Independent Director set forth in this Agreement. 
Section 5.3. Change of Name, Identity or Structure.  Borrower shall not change (or permit to be changed) Borrower's or any SPE Component Entity's (a) name, (b) identity (including its trade name or names), (c) principal place of business set forth on the first page of this Agreement or (d) if not an individual, Borrower's or any SPE Component Entity's corporate, partnership or other structure or state of formation, without, in each case, notifying Lender of such change in writing at least thirty (30) days prior to the effective date of such change and, in the case of a change in Borrower's or any SPE Component Entity's structure or state of formation, without first obtaining the prior written consent of Lender and, if required by Lender, a Rating Agency Confirmation with respect thereto.  Borrower shall execute and deliver to Lender, prior to or contemporaneously with the effective date of any such change, any financing statement or financing statement change required by Lender to establish or maintain the validity, perfection and priority of the security interest granted herein.  At the request of Lender, Borrower shall execute a certificate in form satisfactory to Lender listing the trade names under which Borrower or each applicable SPE Component Entity intends to operate the Property, and representing and warranting that Borrower or the SPE Component Entity does business under no other trade name with respect to the Property. 
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Section 5.4. Business and Operations.  Borrower will continue to engage in the businesses now conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property.  Borrower will qualify to do business and will remain in good standing under the laws of the State and each other applicable jurisdiction in which the Property is located, in each case, as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. 
Section 5.5. Recycled Entity.  Borrower hereby represents and warrants to Lender that Borrower has not, since its formation:  (a) failed to be duly formed, validly existing, and in good standing in the applicable jurisdiction(s) of its formation and the State; (b) had any judgments or liens of any nature against it except for (i) tax liens not yet delinquent, (ii) judgments which have been satisfied in full and (iii) liens in connection with the Prior Loan; (c) failed to comply in all material respects with all laws, regulations, and orders applicable to it or failed to receive all Permits necessary for it to operate; (d) been involved in any dispute with any taxing authority which is unresolved as of the Closing Date or failed to pay all taxes owed prior to the delinquency thereof (or, if later, then with all applicable penalties, interest and other sums due in connection therewith); (e) ever been party to any lawsuit, arbitration, summons, or legal proceeding that is still pending or that resulted in a judgment against it that has not been paid in full; (f) failed to comply with all separateness covenants contained in its organizational documents since its formation (except Borrower not having a special/springing member or Independent Director prior to the Closing Date); (g) had any material contingent or actual obligations not related to the Property; (h) except as expressly disclosed to Lender in connection with the closing of the Loan, amended, modified, supplemented, restated, replaced or terminated its organizational documents (or consented to any of the foregoing); or (i) has been the product of, the subject of or otherwise involved in, in each case, any Division. 
ARTICLE 6 
 
NO SALE OR ENCUMBRANCE 
Section 6.1. Transfer Definitions.  As used herein and in the other Loan Documents, "Restricted Party" shall mean Borrower, Sponsor, Guarantor, any SPE Component Entity, any Affiliated Manager, or any shareholder, partner, member or non-member manager (in each case having Control or a 10% or greater interest in Borrower, Guarantor or Sponsor), or any direct or indirect legal or beneficial owner of Borrower, Sponsor, Guarantor, any SPE Component Entity, any Affiliated Manager or any non-member manager (in each case having Control or a 10% or greater interest in Borrower, Guarantor or Sponsor); and a "Sale or Pledge" shall mean a voluntary or involuntary sale, conveyance, mortgage, grant, bargain, encumbrance, pledge, assignment, grant of any options with respect to, or any other transfer or disposition of (directly or indirectly, voluntarily or involuntarily, by operation of law or otherwise, and whether or not for consideration or of record) of a legal or beneficial interest. 
    Section 6.2.     No Sale/Encumbrance. 
(1)It shall be an Event of Default hereof if, without the prior written consent of Lender, a Sale or Pledge of the Property or any part thereof or any legal or beneficial interest 
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therein (including, without limitation, the Loan and/or Loan Documents) occurs, a Sale or Pledge of an interest in any Restricted Party occurs, a Fee Acquisition occurs and/or Borrower shall acquire any real property in addition to the real property owned by Borrower as of the Closing Date (each of the foregoing, collectively, a "Prohibited Transfer"), other than (i) pursuant to Leases of space in the Improvements to Tenants in accordance with the provisions of Section 4.14 and (ii) as permitted pursuant to the express terms of this Article 6. 
(2)A Prohibited Transfer shall include, but not be limited to, (i) an installment sales agreement wherein Borrower agrees to sell the Property or any part thereof for a price to be paid in installments; (ii) an agreement by Borrower leasing all or a substantial part of the Property for other than actual occupancy by a Tenant thereunder or a sale, assignment or other transfer of, or the grant of a security interest in, Borrower's right, title and interest in and to any (A) Leases or any Rents or (B) Property Documents; (iii) if a Restricted Party is a corporation, any merger, consolidation or Sale or Pledge of such corporation's stock or the creation or issuance of new stock in one or a series of transactions (except with respect to a REIT Transfer); (iv) if a Restricted Party is a limited or general partnership or joint venture, any merger or consolidation or the change, removal, resignation or addition of a general partner or the Sale or Pledge of the partnership interest of any general or limited partner or any profits or proceeds relating to such partnership interests or the creation or issuance of new limited partnership interests; (v) if a Restricted Party is a limited liability company, any merger, Division or consolidation or the change, removal, resignation or addition of a managing member or non-member manager (or if no managing member, any member) or the Sale or Pledge of the membership interest of any member or any profits or proceeds relating to such membership interest; (vi) if a Restricted Party is a trust or nominee trust, any merger, consolidation or the Sale or Pledge of the legal or beneficial interest in a Restricted Party or the creation or issuance of new legal or beneficial interests in a Restricted Party or the revocation, rescission or termination of a Restricted Party; (vii) the removal or the resignation of Manager (including, without limitation, an Affiliated Manager) or the engagement of a New Manager, in each case, other than in accordance with Section 4.15; (viii) any action for partition of the Property (or any portion thereof or interest therein) or any similar action instituted or prosecuted by Borrower or by any other Person, pursuant to any contractual agreement or other instrument or under applicable law (including, without limitation, common law) and/or any other action instituted by (or at the behest of) Borrower or its Affiliates or consented to or acquiesced in by Borrower or its Affiliates which results in a Property Document Event and/or (ix) the incurrence of any property-assessed clean energy loans or similar indebtedness with respect to Borrower and/or the Property, including, without limitation, if such loans or indebtedness are made or otherwise provided by any Governmental Authority and/or secured or repaid (directly or indirectly) by any taxes or similar assessments. 
Section 6.3. Permitted Equity Transfers.  Notwithstanding the restrictions contained in this Article 6, the following transfers shall be permitted without Lender's consent: (a) a transfer (but not a pledge) by devise or descent or by operation of law upon the death of a Restricted Party or any member, partner or shareholder of a Restricted Party, (b) the transfer (but not the pledge, except the pledge by a non-controlling equity holder of its publicly traded interests in Wheeler Real Estate Investment Trust, Inc., so long as such interests do not equal or exceed 10% of Guarantor, Wheeler Real Estate Investment Trust, Inc. or Borrower), in one or a series of 
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transactions, of the stock, partnership interests or membership interests (as the case may be) in a Restricted Party or its Constituent Owners (including, without limitation, any such transfer related to or in connection with the estate planning of such transferor), (c) the sale, transfer or issuance of shares of non-controlling stock in any Restricted Party that is a publicly traded entity, provided such shares of non-controlling stock are listed on the New York Stock Exchange, NASDAQ or another nationally recognized stock exchange, or (d) the REIT Transfers (provided, that, the foregoing provisions of clauses (a), (b), (c) and (d) above shall not be deemed to waive, qualify or otherwise limit Borrower's obligation to comply (or to cause the compliance with) the other covenants set forth herein and in the other Loan Documents (including, without limitation, the covenants contained herein relating to ERISA and FIRRMA matters)); provided, further, that (A) with respect to the transfers listed in clauses (a) and/or (b) above, Lender shall receive not less than thirty (30) days prior written notice of such transfers (provided, that, for purposes of clarification, with respect to the transfers contemplated in subsection (a) above, the aforesaid notice shall only be deemed to be required thirty (30) days prior to the consummation of the applicable transfers made as a result of probate or similar process following such death (as opposed to prior notice of the applicable death)); (B) no such transfers shall result in a change in Control of Sponsor, Guarantor or Affiliated Manager; (C) after giving effect to such transfers, 
Sponsor shall (I) own at least a 51% direct or indirect equity ownership interest in each of 
Borrower and any SPE Component Entity; (II) Control Borrower and any SPE Component Entity and (III) control the day-to-day operation of the Property; (D) after giving effect to such transfers, the Property shall continue to be managed by Manager or a New Manager approved in accordance with the applicable terms and conditions hereof; (E) in the case of the transfer of any direct equity ownership interests in Borrower or in any SPE Component Entity, such transfers shall be conditioned upon continued compliance with the relevant provisions of Article 5 hereof; (F) in the case of (1) the transfer of the management of the Property to a new Affiliated Manager in accordance with the applicable terms and conditions hereof, (2) the addition and/or replacement of a Guarantor and/or Sponsor in accordance with the applicable terms and conditions hereof and of the Guaranty or (3) the transfer of any equity ownership interests (I) directly in Borrower or in any SPE Component Entity, or (II) in any Restricted Party whose sole asset is a direct or indirect equity ownership interest in Borrower or in any SPE Component Entity, such transfers shall be conditioned upon delivery to Lender of a New Non-Consolidation Opinion addressing such transfer, addition and/or replacement; and (G) such transfers shall be conditioned upon Borrower's ability to, after giving effect to the transfer in question (I) remake the representations contained herein relating to ERISA and FIRRMA matters (and, upon Lender's request, Borrower shall deliver to Lender an Officer's Certificate containing such updated representations effective as of the date of the consummation of the applicable transfer) and (II) continue to comply with the covenants contained herein relating to ERISA and FIRRMA matters; and (H) such transfers shall be permitted pursuant to the terms of the Property Documents.  Upon request from Lender, Borrower shall promptly provide Lender with (y) a revised version of the organizational chart delivered to Lender in connection with the Loan reflecting any equity transfer consummated in accordance with this Section 6.3 and (z) "know your client" searches (in form, scope and substance and from a provider, in each case, reasonably acceptable to Lender) with respect to any transferee (I) that has any direct and/or indirect Control rights with respect to Borrower, any SPE Component Entity, and/or any Guarantor and did not possess said Control rights prior to the applicable transfer or (II) owning (when aggregated with all Affiliates of said Person) ten percent (10%) or more of the direct and/or indirect interests in Borrower, any SPE 
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Component Entity and/or any Guarantor and who did not own said ten percent (10%) direct or indirect interest prior to such transfer (provided, that, notwithstanding the foregoing provisions of this Section, satisfaction of this subsection (z) shall, at Lender's option, be a condition precedent to any such transfer). 
Section 6.4. Permitted Property Transfer (Assumption).  Notwithstanding the foregoing provisions of this Article 6, at any time other than the sixty (60) days prior to and following any Secondary Market Transaction, Lender shall not unreasonably withhold consent to the transfer of the Property in its entirety to, and the related assumptions of the Loan by, any Person (a "Transferee"), on up to two (2) occasions, provided that each of the following terms and conditions are satisfied: 
(1)no Default or Event of Default has occurred; 
(2)Borrower shall have (i) delivered written notice to Lender of the terms of such prospective transfer not less than sixty (60) days before the date on which such transfer is scheduled to close and, concurrently therewith, all such information concerning the proposed Transferee as Lender shall reasonably require and (ii) paid to Lender a non-refundable processing fee in the amount of $10,000.  Lender shall have the right to approve or disapprove the proposed transfer based on its then current underwriting and credit requirements for similar loans secured by similar properties which loans are sold in the secondary market, such approval not to be unreasonably withheld.  In determining whether to give or withhold its approval of the proposed transfer, Lender shall consider the experience and track record of Transferee and its principals in owning and operating facilities similar to the Property, the financial strength of Transferee and its principals, the general business standing of Transferee and its principals and 
Transferee's and its principals' relationships and experience with contractors, vendors, tenants, lenders and other business entities; provided, however, that, notwithstanding Lender's agreement to consider the foregoing factors in determining whether to give or withhold such approval, such approval shall be given or withheld based on what Lender determines to be commercially reasonable and, if given, may be given subject to such conditions as Lender may deem reasonably appropriate; 
(3)Borrower shall have paid to Lender, concurrently with the closing of such prospective transfer, (i) a non-refundable assumption fee in an amount equal to one-half of one percent (0.5%) of the outstanding principal balance of the Loan for the first such transfer and one percent (1%) of the then outstanding principal balance of the Loan for the second such transfer, (ii) all out-of-pocket costs and expenses, including reasonable attorneys' fees, incurred by Lender in connection therewith and (iii) all fees, costs and expenses of all third parties and the Rating Agencies incurred in connection therewith; 
(4)Transferee assumes and agrees to pay the Debt as and when due subject to the provisions of Article 13 hereof and, prior to or concurrently with the closing of such transfer, Transferee and its constituent partners, members, shareholders, Affiliates or sponsors as Lender may require, shall execute, without any cost or expense to Lender, such documents and agreements as Lender shall reasonably require to evidence and effectuate said assumption and an Affiliate of Transferee reasonably acceptable to Lender (but in all events able to satisfy the net 
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worth, liquidity and other similar covenants in the Guaranty (unless otherwise agreed to by Lender)) shall execute a recourse guaranty and an environmental indemnity in form and substance identical to the Guaranty and Environmental Indemnity, respectively, with such changes to each of the foregoing as may be reasonably required by Lender; 
(5)Borrower and Transferee, without any cost to Lender, shall furnish any information requested by Lender for the preparation of, and shall authorize Lender to file, new financing statements and financing statement amendments and other documents to the fullest extent permitted by applicable Legal Requirements, and shall execute any additional documents reasonably requested by Lender; 
(6)Borrower shall have delivered to Lender, without any cost or expense to Lender, such endorsements to Lender's Title Insurance Policy insuring that fee simple or leasehold title to the Property, as applicable, is vested in Transferee (subject to Permitted Encumbrances), hazard insurance endorsements or certificates and other similar materials as Lender may deem necessary at the time of the transfer, all in form and substance satisfactory to Lender; 
(7)Transferee shall have furnished to Lender all appropriate papers evidencing Transferee's organization and good standing, and the qualification of the signers to execute the assumption of the Debt, which papers shall include certified copies of all documents relating to the organization and formation of Transferee and of the entities, if any, which are partners or members of Transferee.  Transferee and such constituent partners, members or shareholders of Transferee (as the case may be), as Lender shall require, shall comply with the covenants set forth in Article 5 hereof; 
(8)Transferee shall assume the obligations of Borrower under any Management Agreement or provide a new management agreement with a new manager which meets with the requirements of the Assignment of Management Agreement and Section 4.15 hereof and assign to Lender as additional security such new management agreement; 
(9)Transferee shall furnish to Lender a New Non-Consolidation Opinion and a REMIC Opinion with respect to the transfer and the transactions related thereto and an additional opinion of counsel satisfactory to Lender and its counsel (A) that Transferee's formation documents provide for the matters described in subparagraph (g) above, (B) that the assumption of the Debt has been duly authorized, executed and delivered, and that the assumption agreement and the other Loan Documents are valid, binding and enforceable against Transferee in accordance with their terms, (C) that Transferee and any entity which is a controlling stockholder, member or general partner of Transferee, have been duly organized, and are in existence and good standing and (D) with respect to such other matters as Lender may reasonably request; 
(10)if required by Lender, Lender shall have received (A) a Rating Agency Confirmation with respect to such transfer and (B) evidence that the proposed transfer will not result in a Property Document Event; and 
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(11)Borrower's obligations under the contract of sale pursuant to which the transfer is proposed to occur shall expressly be subject to the satisfaction of the terms and conditions of this Section 6.4. 
Section 6.5. Lender's Rights.  Lender reserves the right to condition the consent to a Prohibited Transfer requested hereunder upon (a) a modification of the terms hereof and on assumption of this Agreement and the other Loan Documents as so modified by the proposed Prohibited Transfer, (b) payment of all of Lender's expenses incurred in connection with such 
Prohibited Transfer, (c) receipt of a Rating Agency Confirmation with respect to the Prohibited 
Transfer, (d) the proposed transferee's continued compliance with the covenants set forth in this 
Agreement, including, without limitation, the covenants in Article 5, (e) receipt of a New NonConsolidation Opinion with respect to the Prohibited Transfer and/or (f) such other conditions and/or legal opinions as Lender shall determine in its sole discretion to be in the interest of Lender.  All expenses incurred by Lender shall be payable by Borrower whether or not Lender consents to the Prohibited Transfer.  Lender shall not be required to demonstrate any actual impairment of its security or any increased risk of default hereunder in order to declare the Debt immediately due and payable upon a Prohibited Transfer without Lender's consent.  This provision shall apply to every Prohibited Transfer, whether or not Lender has consented to any previous Prohibited Transfer. 
    Section 6.6.     Economic     Sanctions,     Anti-Money     Laundering     and     Transfers.  
Borrower shall (and shall cause its Constituent Owners and Affiliates to) (a) at all times comply with the representations and covenants contained in Section 3.30 such that the same remain true, correct and not violated or breached and (b) not permit a Prohibited Transfer to occur and shall cause the ownership requirements specified in this Article 6 (including, without limitation, those stipulated in Section 6.3 hereof) to be complied with at all times.  Borrower hereby represents that, other than in connection with the Loan, the Loan Documents and any Permitted Encumbrances, as of the date hereof, there exists no Sale or Pledge of (i) the Property or any part thereof or any legal or beneficial interest therein or (ii) any interest in any Restricted Party.  For purposes of clarification, references hereunder and/or under the other Loan Documents to "equity ownership interest" (or words of similar import) shall be deemed to refer to the legal and/or beneficial interests in a Person (as applicable); provided, that, when hereunder or under the other Loan Documents a specified percentage of the aforesaid "equity ownership interest" (or words of similar import) in a Person is required to be held, the same shall be deemed to refer to both the legal and beneficial interest in such Person.  Notwithstanding anything to the contrary contained herein or in any other Loan Document (including, without limitation Sections 6.3 and 6.4 hereof), in no event shall Borrower or any SPE Component Entity be (I) a Prohibited Entity, (II) Controlled (directly or indirectly) by any Prohibited Entity or (III) more than 49% owned (directly or indirectly) by any Prohibited Entities (whether individually or in the aggregate), unless, in the case of each of the foregoing, Lender's prior written consent is first obtained (which such consent shall be given or withheld in Lender's sole discretion and may be conditioned on, among other things, Lender's receipt of a Rating Agency Confirmation).   
ARTICLE 7 
 
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INSURANCE; CASUALTY; CONDEMNATION; RESTORATION 
    Section 7.1.     Insurance. 
(1)Borrower shall obtain and maintain, or cause to be obtained and maintained, insurance for Borrower and the Property providing at least the following coverages: 
(ag)insurance with respect to the Improvements and the Personal Property insuring against any peril now or hereafter included within the classification "All Risk" or "Special Perils" (including, without limitation, fire, lightning, windstorm / named storms, hail, terrorism and similar acts of sabotage, explosion, riot, riot attending a strike, civil commotion, vandalism, aircraft, vehicles and smoke), in each case (A) in an amount equal to 100% of the "Full Replacement Cost," which for purposes of this Agreement shall mean actual replacement value exclusive of costs of excavations, foundations, underground utilities and footings, with a waiver of depreciation; (B) in an  amount also that no coinsurance penalties shall apply; (C) providing for no deductible in excess of $25,000 except with respect to earthquake and windstorm/named storm which may provide for no deductible in excess of 5% of the total insurable value of the Property; (D) at all times insuring against at least those hazards that are commonly insured against under a "special causes of loss" form of policy, as the same shall exist on the date hereof, and together with any increase in the scope of coverage provided under such form after the date hereof; and (E) containing "law and ordinance" coverage if any of the Improvements or the use of the Property (or any portion thereof) shall at any time constitute a legal non-conforming structure or use, with limits acceptable to Lender.  The Full Replacement Cost shall be re-determined from time to time (but not more frequently than once in any twelve (12) calendar months) at the request of Lender by an appraiser or contractor designated and paid by Borrower and approved by Lender, or by an engineer or appraiser in the regular employ of the insurer.  After the first appraisal, additional appraisals may be based on construction cost indices customarily employed in the trade.  
No omission on the part of Lender to request any such ascertainment shall relieve 
Borrower of any of its obligations under this Subsection; 
(ah)commercial general liability insurance against all claims for personal injury, bodily injury, death or property damage occurring upon, in or about the Property, including "Dram Shop" or other liquor liability coverage if alcoholic beverages are sold, manufactured or distributed from the Property, such insurance (A) to be on the so-called "occurrence" form with a general aggregate limit of not less than $2,000,000 and a per occurrence limit of not less than $1,000,000, with no deductible or self-insured retention in excess of $150,000; (B) to continue at not less than the aforesaid limit until required to be changed by Lender in writing by reason of changed economic conditions making such protection inadequate; and (C) to cover at least the following hazards: (1) premises and operations; (2) products and completed operations on an "if any" basis; (3) independent contractors; (4) contractual liability for all insured contracts; (5) contractual liability covering the indemnities contained in Article 13 hereof to the extent the same is available; and (6) acts of terrorism and similar acts of sabotage; 
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(ai)loss of rents and/or business interruption insurance (A) with loss payable to Lender; (B) covering all risks required to be covered by the insurance provided for in Subsection 7.1(a)(i), (iv) and (vi) through (viii); (C) in an amount equal to 100% of the projected gross income from the Property (on an actual loss sustained basis) for a period continuing until the Restoration of the Property is completed; the amount of such business interruption/loss of rents insurance shall be determined prior to the Closing Date and at least once each year thereafter based on Lender's determination of the projected gross income from the Property for an eighteen (18) month period; and (D) containing an extended period of indemnity endorsement which provides that after the physical loss to the Improvements and the Personal Property has been repaired, the continued loss of income will be insured until such income either returns to the same level it was at prior to the loss, or the expiration of  six (6) months from the date that the Property is repaired or replaced and operations are resumed, whichever first occurs, and notwithstanding that the policy may expire prior to the end of such period.  Notwithstanding anything to the contrary contained herein or in any other Loan Documents, to the extent that insurance proceeds are payable to Lender pursuant to this Subsection (the "Rent Loss Proceeds") and Borrower is entitled to disbursement of Net Proceeds for Restoration in accordance with the terms hereof, (1) a Trigger Period shall be deemed to exist and (2) such Rent Loss Proceeds shall be deposited by Lender in the Cash Management Account and disbursed as provided in Article 9 hereof; provided, however, that (I) nothing herein contained shall be deemed to relieve Borrower of its obligations to pay the obligations secured hereunder on the respective dates of payment provided for in the Note except to the extent such amounts are actually paid out of the Rent Loss Proceeds and (II) in the event the Rent Loss Proceeds are paid in a lump sum in advance and Borrower is entitled to disbursement of such Rent Loss Proceeds in accordance with the terms hereof, Lender or Servicer shall hold such Rent Loss Proceeds in a segregated interest-bearing Eligible Account (which shall deemed to be included within the definition of the "Accounts" hereunder) and Lender or Servicer shall estimate the number of months required for Borrower to restore the damage caused by the applicable Casualty, shall divide the applicable aggregate Rent Loss Proceeds by such number of months and shall disburse such monthly installment of Rent Loss Proceeds from such Eligible Account into the Cash Management Account each month during the performance of such Restoration; 
(aj)at all times during which structural construction, repairs or alterations are being made with respect to the Improvements (and only if the existing property and/or liability coverage forms do not otherwise apply) (A) commercial general liability and umbrella liability insurance covering claims related to the construction, repairs or alterations being made which are not covered by or under the terms or provisions of the commercial general liability and umbrella insurance policies required hereunder; and (B) the insurance provided for in Subsection 7.1(a)(i) written in a so-called builder's risk completed value form (1) on a non-reporting basis, (2) against all risks insured against and on terms consistent with the coverages required pursuant to Subsections 7.1(a)(i), (iii) and (vi) through (viii), (3) including permission to occupy the Property, and (4) with an agreed amount endorsement waiving co-insurance provisions; 
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(ak)workers' compensation, subject to the statutory limits of the state in which the Property is located, and employer's liability insurance with a limit of at least $1,000,000 per accident and per disease per employee, and $1,000,000 for disease aggregate in respect of any work or operations on or about the Property, or in connection with the Property or its operation (if applicable); 
(al)comprehensive boiler and machinery insurance and equipment breakdown coverage, in each case, covering all mechanical and electrical equipment and pressure vessels and boilers in an amount not less than their replacement cost or in such other amount as shall be reasonably required by Lender; 
(am)if any portion of the Improvements is at any time located in an area identified by (A) the Federal Emergency Management Agency in the Federal Register as an area having special flood hazards and/or (B) the Secretary of Housing and Urban Development or any successor thereto as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973 or the National Flood Insurance Reform Act of 1994, as each may be amended, or any successor law (the "Flood Insurance Acts"), flood hazard insurance (1) in an amount equal to the maximum limit of coverage available for the Property under the Flood Insurance Acts and (2) plus such additional amounts or other related and/or excess coverage as Lender may require in its sole discretion, with deductibles no greater than the maximum limit of coverage available under the Flood Insurance Acts; 
(an)earthquake, in the event the Property is located in an area with a high degree of seismic activity and the PML/SEL of the Property exceeds twenty percent (20%), sinkhole and mine subsidence insurance, if required, in amounts equal to one and one half times (2x) the scenario expected loss (SEL) of the Property plus business income, in each case, as determined by Lender in its sole discretion and in form and substance satisfactory to Lender, subject to a deductible not to exceed 5% of the total insurable value of the Property, provided that the insurance pursuant to this Subsection (viii) shall otherwise be on terms consistent with the all risk insurance policy required under Section 7.1(a)(i); 
(ao)umbrella liability insurance in an amount not less than $35,000,000.00 per occurrence and in the aggregate on terms consistent with the commercial general liability insurance policy required under subsection (ii) above; 
(ap)Intentionally Omitted; 
(aq)If applicable, motor vehicle liability coverage for all owned and nonowned vehicles, including rented and leased vehicles containing minimum limits per occurrence, including umbrella coverage, of One Million and No/100 Dollars ($1,000,000); and 
(ar)such other insurance and in such amounts as (A) may be required pursuant to the terms of the Property Documents and (B) Lender from time to time may reasonably request against such other insurable hazards which at the time are commonly insured 
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against for property similar to the Property located in or around the region in which the Property is located. 
(2)All insurance provided for in Subsection 7.1(a) hereof shall be obtained under valid and enforceable policies (the "Policies" or in the singular, the "Policy"), in such forms, amounts, coverages, deductibles, loss payees and insureds, in each case, as may be satisfactory to Lender, issued by financially sound and responsible insurance companies authorized to do business in the state in which the Property is located and approved by Lender.  Such insurance companies must have a general policy rating of A- or better and a financial class of VIII or better by A.M. Best Company, Inc., and a claims paying ability/financial strength rating of "A-" by S&P (each such insurer shall be referred to below as a "Qualified Insurer").  Not less than fifteen (15) days prior to the expiration dates of the Policies theretofore furnished to Lender pursuant to Subsection 7.1(a), Borrower shall deliver complete copies of the Policies marked "premium paid" or accompanied by evidence satisfactory to Lender of payment of the premiums due thereunder (the "Insurance Premiums"), provided, however, that in the case of renewal Policies, Borrower shall furnish Lender with binders and Acord Form 28 and 25, as applicable, Certificates therefor to be followed by the original Policies when issued.  At least once per calendar year, Borrower shall provide Lender with updated flood zone certifications for the Property (in form and substance acceptable to Lender), which such flood zone certifications shall be delivered to Lender upon the earlier to occur of (i) December 1 of each calendar year or (ii) the renewal of the applicable Policy providing flood insurance coverage during the applicable calendar year. 
(3)Notwithstanding the foregoing, Borrower shall be permitted to maintain a portion of the coverage required hereunder with insurance companies StarStone Specialty Insurance Company, Independent Specialty Insurance Co, Kinsale Insurance Company, and Transverse 
Specialty Insurance Company which do not meet the foregoing requirements (“Otherwise Rated Insurers”) in their current participation amounts and positions within the syndicate provided that (1) if the Loan is part of a Secondary Market Transaction where S&P rates any of the issued securities or classes of certificates in connection with such Securitization, Borrower shall replace the Otherwise Rated Insurers at renewal with insurance companies meeting the rating requirements set forth hereinabove and (2) if the current AM Best rating of any such Otherwise Rated Insurer is withdrawn or downgraded, Borrower shall replace any Otherwise Rated Insurer with an insurance company meeting the rating requirements set forth hereinabove. 
(4)Borrower shall not obtain (or permit to be obtained) (i) any umbrella or blanket liability or casualty Policy unless, in each case, such Policy is approved in advance in writing by Lender, Lender's interest is included therein as provided in this Agreement, such Policy is issued by a Qualified Insurer and such Policy includes such changes to the coverages and requirements set forth herein as may be required by Lender (including, without limitation, increases to the amount of coverages required herein) or (ii) separate insurance concurrent in form or contributing in the event of loss with that required in Subsection 7.1(a) to be furnished by, or which may be reasonably required to be furnished by, Borrower.  In the event Borrower obtains (or causes to be obtained) separate insurance or an umbrella or a blanket Policy, Borrower shall notify Lender of the same and shall cause complete copies of each Policy to be delivered as required in Subsection 7.1(a), except binders shall be submitted in the event such policies have 
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not yet been issued, to be followed by complete copies of Policies upon issuance.  Notwithstanding Lender's approval of any umbrella or blanket liability or casualty Policy hereunder, Lender reserves the right, in its sole discretion, to require Borrower to obtain a separate Policy in compliance with this Section 7.1. 
(5)All Policies of insurance provided for or contemplated by Subsection 7.1(a) shall name Borrower as the named insured and, in the case of liability coverages, except for the Policies referenced in Subsections 7.1(a)(v) and (xi), shall name Lender as an additional insured, as their respective interests may appear, and, in the case of property Policies, including, but not limited to, terrorism, rent loss, business interruption, boiler and machinery, earthquake and flood insurance, shall contain a standard noncontributing mortgagee clause in favor of Lender providing that the loss thereunder shall be payable to Lender. 
(6)All Policies of insurance provided for in Subsection 7.1(a) shall contain clauses or endorsements to the effect that: 
(i)With respect to the property policies, (1) the following shall in no way affect the validity or enforceability of the Policy insofar as Lender is concerned:  (A) any act or negligence of Borrower or any other Person named as an insured, (B) any foreclosure or other similar exercise of remedies and (C) the failure to comply with the provisions of the Policy which might otherwise result in a forfeiture of the insurance or any part thereof (2) the property policies shall not be cancelled without at least 30 days' written notice to Lender, except ten (10) days' notice for non-payment of premium and (3) the issuer(s) of the policies shall give written notice to Lender if the issuers elect not to renew the policies prior to its expiration; 
(ii)With respect to the liability policies, (if obtainable by Borrower using commercially reasonable efforts), the Policy shall not be materially changed (other than to increase the coverage provided thereby), terminated or cancelled without at least 30 days' written notice to Lender, except ten (10) days' notice for non-payment of premium; (iii) if obtainable by Borrower using commercially reasonable efforts, the issuer(s) of the Policy shall give written notice to Lender  if the issuers elect not to renew the Policy prior to its expiration; 
(i)Lender shall not be liable for any Insurance Premiums thereon or subject to any assessments or commissions thereunder and that the related issuer(s) waive any related claims to the contrary; 
(ii)Lender shall, at its option and with no obligation to do so, have the right to directly pay Insurance Premiums in order to avoid cancellation, expiration and/or termination of the Policy due to non-payment of Insurance Premiums; and 
(iii)the Policies shall not exclude coverage for acts of terror or similar acts of sabotage. 
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Borrower shall promptly forward to Lender a copy of each written notice received by Borrower of any modification, reduction or cancellation of any of the Policies or of any of the coverages afforded under any of the Policies. 
(7)By no later than five (5) days following the expiration date of any Policies, Borrower shall furnish to Lender a statement certified by Borrower or a Responsible Officer of Borrower of the amounts of insurance maintained in compliance herewith, of the risks covered by such insurance and of the insurance company or companies which carry such insurance and, if requested by Lender, verification of the adequacy of such insurance by an independent insurance broker or appraiser acceptable to Lender.  Without limitation of the foregoing, Borrower shall also comply with the foregoing within ten (10) days of written request of Lender.  Borrower shall promptly forward to Lender a copy of each written notice received by any Borrower Party of any modification, reduction or cancellation of any of the Policies or of any of the coverages afforded under any of the Policies. 
(8)If at any time Lender is not in receipt of written evidence that all insurance required hereunder is in full force and effect, Lender shall have the right, without notice to Borrower to take such action as Lender deems necessary to protect its interest in the Property, including, without limitation, the obtaining of such insurance coverage as Lender in its sole discretion deems appropriate, and all expenses incurred by Lender in connection with such action or in obtaining such insurance and keeping it in effect shall be paid by Borrower to Lender upon demand and until paid shall be secured by the Security Instrument and shall bear interest at the Default Rate. 
(9)In the event of a foreclosure of the Security Instrument or other transfer of title to the Property in extinguishment in whole or in part of the Debt, all right, title and interest of Borrower in and to the Policies then in force concerning the Property and all proceeds payable thereunder shall thereupon vest exclusively in Lender or the purchaser at such foreclosure or other transferee in the event of such other transfer of title. 
(10)As an alternative to the Policies required to be maintained pursuant to the preceding provisions of this Section 7.1, Borrower will not be in default under this Section 7.1 if Borrower maintains (or causes to be maintained) Policies which (i) have coverages, deductibles and/or other related provisions other than those specified above and/or (ii) are provided by insurance companies not meeting the credit ratings requirements set forth above (any such Policy, a "Non-Conforming Policy"), provided, that, prior to obtaining such Non-Conforming Policies (or permitting such Non-Conforming Policies to be obtained), Borrower shall have 
(1) received Lender's prior written consent thereto and (2) if required by Lender, confirmed that Lender has received a Rating Agency Confirmation with respect to any such Non-Conforming Policy.  Notwithstanding the foregoing, Lender hereby reserves the right to deny its consent to any Non-Conforming Policy regardless of whether or not Lender has consented to the same on any prior occasion. 
(11)Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Awards or insurance proceeds lawfully or equitably payable in connection with the Property, and Lender shall be reimbursed for any expenses incurred in connection therewith (including reasonable, actual attorneys' fees and disbursements, and the payment by Borrower of the 
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expense of an appraisal on behalf of Lender in case of a Casualty or Condemnation affecting the Property or any part thereto) out of such Awards or insurance proceeds.  Any Net Proceeds related to such Awards or insurance proceeds shall be deposited with Lender and held and applied in accordance with the applicable terms and conditions hereof. 
(12)Borrower hereby represents that the physical address for each portion of the Improvements for all purposes (including, without limitation, insurance purposes) is as follows: 5750, 5764, 5800, 5802, 5820, 5832, 5850, 5900, 5920, 5930, 5950, and 5970  E. Virginia Beach Boulevard and 1094, 1100, 1106, 1120, 1126, and 1140 N. Military Highway, all in Norfolk, Virginia 23502. 
Section 7.2. Casualty.  If the Property shall be damaged or destroyed, in whole or in part, by fire or other casualty (a "Casualty"), Borrower shall give prompt notice of such damage to Lender and shall promptly commence and diligently prosecute the completion of the Restoration of the Property and otherwise comply with the provisions of Section 7.4.  Borrower shall pay all costs of Restoration (including, without limitation, any applicable deductibles under the Policies) whether or not such costs are covered by the Net Proceeds.  Lender may, but shall not be obligated to, make proof of loss if not made promptly by Borrower. 
Section 7.3. Condemnation.  Borrower shall promptly give Lender notice of the actual or threatened commencement of any proceeding for the Condemnation of the Property of which Borrower has knowledge and shall deliver to Lender copies of any and all papers served in connection with such proceedings.  Lender may participate in any such proceedings, and Borrower shall from time to time deliver to Lender all instruments requested by it to permit such participation.  Borrower shall, at its expense, diligently prosecute any such proceedings, and shall consult with Lender, its attorneys and experts, and cooperate with them in the carrying on or defense of any such proceedings.  Notwithstanding any taking by any public or quasi-public authority through Condemnation or otherwise (including but not limited to any transfer made in lieu of or in anticipation of the exercise of such taking), Borrower shall continue to pay the Debt at the time and in the manner provided for its payment in the Note and in this Agreement and the Debt shall not be reduced until any Award shall have been actually received and applied by Lender, after the deduction of expenses of collection, to the reduction or discharge of the Debt.  
Lender shall not be limited to the interest paid on the Award by the condemning authority but shall be entitled to receive out of the Award interest at the rate or rates provided herein or in the Note.  If the Property or any portion thereof is taken by a condemning authority, Borrower shall promptly commence and diligently prosecute the Restoration of the Property and otherwise comply with the provisions of Section 7.4.  Borrower shall pay all costs of Restoration whether or not such costs are covered by the Net Proceeds.  If the Property is sold, through foreclosure or otherwise, prior to the receipt by Lender of the Award, Lender shall have the right, whether or not a deficiency judgment on the Note shall have been sought, recovered or denied, to receive the Award, or a portion thereof sufficient to pay the Debt.  Notwithstanding the foregoing or anything to the contrary contained herein, if, in connection with any Casualty or Condemnation, a prepayment of the Debt (in whole or in part) is required under REMIC Requirements, (a) the applicable Net Proceeds shall be applied to the Debt in accordance with Section 7.4(c) hereof and (b) to the extent that the amount of the applicable Net Proceeds actually applied to the Debt in connection therewith is insufficient under REMIC Requirements, Borrower shall, within five (5) 
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days of demand by Lender, prepay the principal amount of the Debt in accordance with the applicable terms and conditions hereof in an amount equal to such insufficiency plus the amount of any then applicable Interest Shortfall (such prepayment, together with any related Interest Shortfall payment, collectively, the "REMIC Payment").  Lender may require Borrower to deliver a REMIC Opinion in connection with each of the foregoing. 
Section 7.4. Restoration.  The following provisions shall apply in connection with the Restoration of the Property: 
(1)If the Net Proceeds shall be less than the Restoration Threshold and the costs of completing the Restoration shall be less than the Restoration Threshold, the Net Proceeds will be disbursed by Lender to Borrower upon receipt, provided that all of the conditions set forth in Section 7.4(b)(i) are met and Borrower delivers to Lender a written undertaking to expeditiously commence and to satisfactorily complete with due diligence the Restoration in accordance with the terms of this Agreement. 
(2)If the Net Proceeds are equal to or greater than the Restoration Threshold or the costs of completing the Restoration are equal to or greater than the Restoration Threshold, Lender shall make the Net Proceeds available for the Restoration in accordance with the provisions of this Section 7.4. 
(i) The Net Proceeds shall be made available for Restoration provided that each of the following conditions are met: 
(a)no Event of Default shall have occurred and be continuing; 
(b)(1) in the event the Net Proceeds are insurance proceeds, less than thirty percent (30%) of each of (i) fair market value of the Property as reasonably determined by Lender, and (ii) rentable area of the Property has been damaged, destroyed or rendered unusable as a result of a Casualty or (2) in the event the Net Proceeds are condemnation proceeds, less than ten percent (10%) of each of (i) the fair market value of the Property as reasonably determined by Lender and (ii) rentable area of the Property is taken, such land is located along the perimeter or periphery of the Property, no portion of the Improvements is located on such land and such taking does not materially impair the existing access to the Property; 
(c)Leases demising in the aggregate a percentage amount equal to or greater than 75% of the total rentable space in the Property which has been demised under executed and delivered Leases in effect as of the date of the occurrence of such fire or other casualty or taking, whichever the case may be, shall remain in full force and effect during and after the completion of the Restoration, notwithstanding the occurrence of any such Casualty or Condemnation, whichever the case may be, and Borrower furnishes to Lender evidence satisfactory to Lender that all Tenants under Major Leases shall continue to operate their respective space at the Property after the completion of the Restoration; 
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(d)Borrower shall commence (or shall cause the commencement of) the Restoration as soon as reasonably practicable (but in no event later than thirty (30) days after the issuance of a building permit with respect thereto) and shall diligently pursue the same to satisfactory completion in compliance with all applicable Legal Requirements, including, without limitation, all applicable Environmental Laws, and the applicable requirements of the Property Documents; 
(e)Lender shall be satisfied that any operating deficits which will be incurred with respect to the Property as a result of the occurrence of any such fire or other casualty or taking will be covered out of (1) the Net Proceeds, (2) the insurance coverage referred to in Section 7.1(a)(iii) above, or (3) by other funds of Borrower; 
(f)Lender shall be satisfied that the Net Proceeds together with any cash or cash equivalent deposited by Borrower with Lender are sufficient to cover the cost of the Restoration; 
(g)Lender shall be satisfied that (I) upon the completion of the Restoration, the fair market value and cash flow of the Property will not be less than the fair market value and cash flow of the Property as the same existed immediately prior to the applicable Casualty or Condemnation and (II) Restoration of the Improvements on the Land (as each existed immediately prior to the applicable casualty or condemnation (with such changes to the Improvements as may be reasonably acceptable to Lender (taking into account subsection (I) above))) is permitted under applicable Legal Requirements and the Property Documents; 
(h)Lender shall be satisfied that the Restoration will be completed on or before the earliest to occur of (1) six (6) months prior to the Maturity Date, (2) six (6) months after the occurrence of such fire or other casualty or taking, (3) the earliest date required for such completion under the terms of any Leases and the Property Documents, (4) such time as may be required under applicable Legal Requirements or (5) the expiration of the insurance coverage referred to in Section 7.1(a)(iii) above; 
(i)Borrower and Guarantor shall execute and deliver to Lender a completion guaranty in form and substance satisfactory to Lender and its counsel pursuant to the provisions of which Borrower and Guarantor shall jointly and severally guaranty to Lender the lien-free completion by Borrower of the Restoration in accordance with the provisions of this Subsection 7.4(b); 
(j)the Property and the use thereof after the Restoration will be in compliance with and permitted under all applicable Legal Requirements and the Property Documents; 
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(k)the Restoration shall be done and completed in an expeditious and diligent fashion and in compliance with all applicable Legal Requirements and the Property Documents;  
(l)the Property Documents will remain in full force and effect during and after the Restoration and a Property Document Event shall not occur as a result of the applicable Casualty, Condemnation and/or Restoration; and 
(m)Lender shall be satisfied that making the Net Proceeds available for Restoration shall be permitted pursuant to REMIC Requirements and, in that regard, Lender may require Borrower to deliver a REMIC Opinion in connection therewith. 
(2)The Net Proceeds shall be held by Lender and, until disbursed in accordance with the provisions of this Section 7.4(b), shall constitute additional security for the Debt and other obligations under this Agreement, the Security Instrument, the Note and the other Loan Documents.  The Net Proceeds (other than the Rent Loss Proceeds) shall be disbursed by Lender to, or as directed by, Borrower from time to time during the course of the Restoration, upon receipt of evidence satisfactory to Lender that (A) all materials installed and work and labor performed (except to the extent that they are to be paid for out of the requested disbursement) in connection with the related Restoration item have been paid for in full, and (B) there exist no notices of pendency, stop orders, mechanic's or materialman's liens or notices of intention to file same, or any other liens or encumbrances of any nature whatsoever on the Property which have not either been fully bonded to the satisfaction of Lender and discharged of record or in the alternative fully insured to the satisfaction of Lender by the title company issuing the Title Insurance Policy. 
(3)All plans and specifications required in connection with the Restoration shall be subject to prior review and acceptance in all respects by Lender and by an independent consulting engineer selected by Lender (the "Casualty Consultant").  Lender shall have the use of the plans and specifications and all permits, licenses and approvals required or obtained in connection with the Restoration.  The identity of the contractors, subcontractors and materialmen engaged in the Restoration shall be subject to prior review and acceptance by Lender and the Casualty Consultant.  All costs and expenses incurred by Lender in connection with making the Net Proceeds available for the Restoration including, without limitation, reasonable counsel fees and disbursements and the Casualty Consultant's fees, shall be paid by Borrower.  Borrower shall have the right to settle all claims under the Policies jointly with Lender, provided that (a) no Event of Default exists, (b) Borrower promptly and with commercially reasonable diligence negotiates a settlement of any such claims and (c) the insurer with respect to the Policy under which such claim is brought has not raised any act of the insured as a defense to the payment of such claim.  If an Event of Default exists, Lender shall, at its election, have the exclusive right to settle or adjust any claims made under the Policies in the event of a Casualty. 
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(4)In no event shall Lender be obligated to make disbursements of the Net Proceeds in excess of an amount equal to the costs actually incurred from time to time for work in place as part of the Restoration, as certified by the Casualty Consultant, minus the Restoration Retainage.  The term "Restoration Retainage" as used in this Subsection 7.4(b) shall mean an amount equal to 10% of the costs actually incurred for work in place as part of the Restoration, as certified by the Casualty Consultant, until such time as the Casualty Consultant certifies to Lender that Net Proceeds representing 50% of the required Restoration have been disbursed.  There shall be no Restoration Retainage with respect to costs actually incurred by Borrower for work in place in completing the last 50% of the required Restoration.  The Restoration Retainage shall in no event, and notwithstanding anything to the contrary set forth above in this Subsection 7.4(b), be less than the amount actually held back by Borrower from contractors, subcontractors and materialmen engaged in the Restoration.  The Restoration Retainage shall not be released until the Casualty Consultant certifies to Lender that the 
Restoration has been completed in accordance with the provisions of this 
Subsection 7.4(b) and that all approvals necessary for the re-occupancy and use of the Property have been obtained from all appropriate governmental and quasi-governmental authorities, and Lender receives evidence satisfactory to Lender that the costs of the Restoration have been paid in full or will be paid in full out of the Restoration Retainage, provided, however, that Lender will release the portion of the Restoration Retainage being held with respect to any contractor, subcontractor or materialman engaged in the Restoration as of the date upon which the Casualty Consultant certifies to Lender that the contractor, subcontractor or materialman has satisfactorily completed all work and has supplied all materials in accordance with the provisions of the contractor's, subcontractor's or materialman's contract, and the contractor, subcontractor or materialman delivers the lien waivers and evidence of payment in full of all sums due to the contractor, subcontractor or materialman as may be reasonably requested by Lender or by the title company insuring the lien of the Security Instrument.  If required by Lender, the release of any such portion of the Restoration Retainage shall be approved by the surety company, if any, which has issued a payment or performance bond with respect to the contractor, subcontractor or materialman. 
(5)Lender shall not be obligated to make disbursements of the Net Proceeds more frequently than once every calendar month. 
(6)If at any time the Net Proceeds or the undisbursed balance thereof shall not, in the reasonable opinion of Lender in consultation with the Casualty Consultant, be sufficient to pay in full the balance of the costs which are estimated by the Casualty Consultant to be incurred in connection with the completion of the Restoration, Borrower shall deposit the deficiency (the "Net Proceeds Deficiency") with Lender before any further disbursement of the Net Proceeds shall be made.  The Net Proceeds Deficiency deposited with Lender shall be held by Lender and shall be disbursed for costs actually incurred in connection with the Restoration on the same conditions applicable to the disbursement of the Net Proceeds, and until so disbursed pursuant to this Section 7.4(b) shall constitute additional security for the Debt and other obligations under this Agreement, the Security Instrument, the Note and the other Loan Documents. 
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(7)The excess, if any, of the Net Proceeds and the remaining balance, if any, of the Net Proceeds Deficiency deposited with Lender after the Casualty Consultant certifies to Lender that the Restoration has been completed in accordance with the provisions of this Section 7.4(b), and the receipt by Lender of evidence satisfactory to Lender that all costs incurred in connection with the Restoration have been paid in full, shall be remitted by Lender to Borrower, provided no Event of Default shall have occurred and shall be continuing under this Agreement, the Security Instrument, the Note or any of the other Loan Documents. 
(c) All Net Proceeds not required (i) to be made available for the Restoration or (ii) to be returned to Borrower as excess Net Proceeds pursuant to Subsection 7.4(b)(vii) shall be retained and applied by Lender toward the payment of the Debt whether or not then due and payable in such order, priority and proportions as Lender in its discretion shall deem proper.  If Lender shall receive and retain Net Proceeds, the lien of the Security Instrument shall be reduced only by the amount thereof received and retained by Lender and actually applied by Lender in reduction of the Debt. 
ARTICLE 8 
 
RESERVE FUNDS 
    Section 8.1.     Immediate Repair Funds. 
(1)Borrower shall perform the repairs at the Property as set forth on Schedule I hereto (all such repairs are hereinafter referred to as "Immediate Repairs") and shall complete each of the Immediate Repairs on or before the respective deadline for each repair as set forth on Schedule I hereto (as such deadlines may be extended by Lender in its sole discretion).  On the Closing Date, Borrower shall deposit into an Eligible Account held by Lender or Servicer (the "Immediate Repair Account") an amount equal to $201,250, such amount representing 115% of the estimated costs of the Immediate Repairs.  Amounts deposited pursuant to this Section 8.1 are referred to herein as the "Immediate Repair Funds". 
(2)Lender shall disburse to Borrower the Immediate Repair Funds upon satisfaction by Borrower of each of the following conditions: (i) Borrower shall submit a request for payment to Lender at least ten (10) days prior to the date on which Borrower requests such payment be made and specifies the Immediate Repairs to be paid; (ii) on the date such request is received by Lender and on the date such payment is to be made, no Event of Default shall exist and remain uncured; (iii) Lender shall have received a certificate from Borrower (A) stating that all Immediate Repairs to be funded by the requested disbursement have been completed in a good and workmanlike manner and in accordance with all applicable Legal Requirements, such certificate to be accompanied by a copy of any license, permit or other approval by any Governmental Authority required in connection with the Immediate Repairs, (B) identifying each Person that supplied materials or labor in connection with the Immediate Repairs to be funded by the requested disbursement, and (C) stating that each such Person has been paid in full or will be paid in full upon such disbursement, such certificate to be accompanied by lien waivers, invoices and/or other evidence of payment satisfactory to Lender; (iv) at Lender's option, if the cost of the 
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Immediate Repairs exceeds $150,000.00, a title search for the Property indicating that the Property is free from all liens, claims and other encumbrances other than Permitted Encumbrances; (v) at Lender's option, if the cost of the Immediate Repairs exceeds $150,000.00, Lender shall have received a report satisfactory to Lender in its reasonable discretion from an architect or engineer approved by Lender in respect of such architect or engineer's inspection of the required repairs; and (vi) Lender shall have received such other evidence as Lender shall reasonably request that the Immediate Repairs to be funded by the requested disbursement have been completed and are paid for or will be paid upon such disbursement to Borrower.  Lender shall not be required to disburse Immediate Repair Funds more frequently than once each calendar month nor in an amount less than the Minimum Disbursement Amount (or a lesser amount if the total Immediate Repair Funds is less than the Minimum Disbursement Amount, in which case only one disbursement of the amount remaining in the account shall be made).  Upon the completion of all Immediate Repairs in accordance with this Section 8.1, Lender shall release any remaining Immediate Repairs Funds, if any, in the Immediate Repair Account to Borrower. 
    Section 8.2.     Replacement Reserve Funds. 
(1)On the Closing Date, Borrower shall deposit into an Eligible Account held by Lender or Servicer (the "Replacement Reserve Account") an amount equal to $0.00, and on each Monthly Payment Date Borrower shall deposit to the Replacement Reserve Account an amount equal to $30,179.41 (the "Replacement Reserve Monthly Deposit") for the Replacements.  Amounts deposited pursuant to this Section 8.2 are referred to herein as the "Replacement Reserve Funds".  Lender may reassess its estimate of the amount necessary for Replacements from time to time and, and may require Borrower to increase the monthly deposits required pursuant to this Section 8.2 upon thirty (30) days' notice to Borrower if Lender determines in its reasonable discretion that an increase is necessary to maintain proper operation of the Property. 
(2)Lender shall disburse Replacement Reserve Funds only for Replacements.  Lender shall disburse to Borrower the Replacement Reserve Funds upon satisfaction by 
Borrower of each of the following conditions: (i) Borrower shall submit a request for payment to Lender at least ten (10) days prior to the date on which Borrower requests such payment be made and specifies the Replacements to be paid; (ii) on the date such request is received by Lender and on the date such payment is to be made, no Event of Default shall exist and remain uncured, (iii) Lender shall have received a certificate from Borrower (A) stating that the items to be funded by the requested disbursement are Replacements, (B) stating that all Replacements at the Property to be funded by the requested disbursement have been completed in a good and workmanlike manner and in accordance with all applicable Legal Requirements, such certificate to be accompanied by a copy of any license, permit or other approval required by any Governmental Authority in connection with the Replacements, (C) identifying each Person that supplied materials or labor in connection with the Replacements to be funded by the requested disbursement and (D) stating that each such Person has been paid in full or will be paid in full upon such disbursement, such certificate to be accompanied by lien waivers, invoices and/or other evidence of payment satisfactory to Lender; (iv) at Lender's option, if the cost of any individual Replacement exceeds $150,000.00, a title search for the Property indicating that the Property is free from all liens, claims and other encumbrances other than Permitted 
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Encumbrances; (v) at Lender's option, if the cost of any individual Replacement exceeds $150,000.00, Lender shall have received a report satisfactory to Lender in its reasonable discretion from an architect or engineer approved by Lender in respect of such architect or engineer's inspection of the required repairs; and (vi) Lender shall have received such other evidence as Lender shall reasonably request that the Replacements at the Property to be funded by the requested disbursement have been completed and are paid for or will be paid upon such disbursement to Borrower.  Lender shall not be required to disburse Replacement Reserve Funds more frequently than once each calendar month nor in an amount less than the Minimum Disbursement Amount (or a lesser amount if the total amount of Replacement Reserve Funds is less than the Minimum Disbursement Amount, in which case only one disbursement of the amount remaining in the account shall be made). 
(3)Nothing in this Section 8.2 shall (i) make Lender responsible for making or completing the Replacements; (ii) require Lender to expend funds in addition to the Replacement Reserve Funds to complete any Replacements; (iii) obligate Lender to proceed with the Replacements; or (iv) obligate Lender to demand from Borrower additional sums to complete any Replacements. 
(4)Borrower shall permit Lender and Lender's agents and representatives (including, without limitation, Lender's engineer, architect, or inspector) or third parties to enter onto the Property during normal business hours (subject to the rights of Tenants under their Leases) to inspect the progress of any Replacements and all materials being used in connection therewith and to examine all plans and shop drawings relating to such Replacements.  Borrower shall cause all contractors and subcontractors to cooperate with Lender or Lender's representatives or such other Persons described above in connection with inspections described in this Section. 
    Section 8.3.     Leasing Reserve Funds. 
(1)On the Closing Date, Borrower shall deposit into an Eligible Account held by Lender or Servicer (the "Leasing Reserve Account") the sum of $0.00.  On each Monthly Payment Date, to the extent the funds on deposit therein are less than $1,850,000.00, Borrower shall deposit into the Leasing Reserve Account the sum of $35,092.33 (the "Leasing Reserve Monthly Deposit") for tenant improvements and leasing commissions that may be incurred following the date hereof.  Amounts deposited pursuant to this Section 8.3 are referred to herein as the "Leasing Reserve Funds". 
(2)Lender shall disburse to Borrower the Leasing Reserve Funds upon satisfaction by Borrower of each of the following conditions: (i) Borrower shall submit a request for payment to Lender at least ten (10) days prior to the date on which Borrower requests such payment be made and specifies the tenant improvement costs and leasing commissions to be paid; (ii) on the date such request is received by Lender and on the date such payment is to be made, no Event of Default shall exist and remain uncured; (iii) Lender shall have reviewed and approved the Lease and related leasing commissions in respect of which Borrower is obligated to pay or reimburse certain tenant improvement costs and leasing commissions; (iv) Lender shall have received and approved a budget for tenant improvement costs and a schedule of leasing commissions payments and the requested disbursement will be used to pay all or a portion of such costs and 
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payments; (v) Lender shall have received a certificate from Borrower (A) stating that all tenant improvements at the Property to be funded by the requested disbursement have been completed in good and workmanlike manner and in accordance with all applicable federal, state and local laws, rules and regulations, such certificate to be accompanied by a copy of any license, permit or other approval by any Governmental Authority required in connection with the tenant improvements, (B) identifying each Person that supplied materials or labor in connection with the tenant improvements to be funded by the requested disbursement and (C) stating that each such Person has been paid in full or will be paid in full upon such disbursement, such certificate to be accompanied by lien waivers, invoices and/or other evidence of payment satisfactory to Lender; (vi) at Lender's option, if the cost of any individual tenant improvement exceeds $150,000.00, a title search for the Property indicating that the Property is free from all liens, claims and other encumbrances not previously approved by Lender; and (vii) Lender shall have received such other evidence as Lender shall reasonably request that the tenant improvements at the Property and/or leasing commissions to be funded by the requested disbursement have been completed (to the extent applicable), are due and payable and are paid for or will be paid upon such disbursement to Borrower.  Lender shall not be required to disburse Leasing Reserve Funds more frequently than once each calendar month nor in an amount less than the Minimum Disbursement Amount (or a lesser amount if the total amount of Leasing Reserve Funds is less than the Minimum Disbursement Amount, in which case only one disbursement of the amount remaining in the account shall be made). 
Section 8.4. Operating Expense Funds.  On each Monthly Payment Date occurring on and after the occurrence and continuance of a Trigger Period, Borrower shall deposit (or shall cause there to be deposited) into an Eligible Account held by Lender or Servicer (the "Operating Expense Account") an amount equal to the aggregate amount of Approved Operating Expenses and Approved Extraordinary Expenses to be incurred by Borrower for the then current Interest Accrual Period (such amount, the "Op Ex Monthly Deposit").  Amounts deposited pursuant to this Section 8.4 are referred to herein as the "Operating Expense Funds".  Provided no Event of Default has occurred and is continuing, Lender shall disburse the Operating Expense Funds to 
Borrower to pay Approved Operating Expenses and/or Approved Extraordinary Expenses upon Borrower's request (which such request shall be accompanied by an Officer's Certificate detailing the applicable expenses to which the requested disbursement relates and attesting that such expense shall be paid with the requested disbursement). 
Section 8.5. Excess Cash Flow Funds.  On each Monthly Payment Date during a Trigger Period, but only if and to the extent a Cash Management Violation has occurred, 
Borrower shall make a True Up Payment into the Excess Cash Flow Account equal to Lender's reasonable estimate of the amounts that would have been deposited into the Excess Cash Flow Account on each applicable Monthly Payment Date during the Trigger Period had the Cash Management Violation not occurred.  On each Monthly Payment Date occurring on and after the occurrence and continuance of a Trigger Period, Borrower shall deposit (or cause to be deposited) into an Eligible Account with Lender or Servicer (the "Excess Cash Flow Account") an amount equal to the Excess Cash Flow generated by the Property for the immediately preceding Interest Accrual Period (each such monthly deposit being herein referred to as the "Monthly Excess Cash Flow Deposits" and the amounts on deposit in the Excess Cash Flow Account being herein referred to as the "Excess Cash Flow Funds").  In addition, in the event 
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that Borrower elects to satisfy the Avoidance Conditions, the related cash or Letter of Credit deposits shall be delivered by Borrower to the Excess Cash Flow Account.  Provided no Event of Default has occurred and is continuing, any Excess Cash Flow Funds remaining in the Excess Cash Flow Account shall be disbursed to Borrower upon the expiration of each Trigger Period in accordance with the applicable terms and conditions hereof; notwithstanding the foregoing, as it pertains to amounts deposited to the Excess Cash Flow Account in satisfaction of the Avoidance Conditions, the remainder of such funds shall be held until such time as the Trigger Period, which would have existed but for the satisfaction of the Avoidance Conditions, is cured in accordance with the definition of “Trigger Period”. 
Section 8.6. Tax and Insurance Funds.  In addition to the initial deposits with respect to Taxes and, if applicable, Insurance Premiums made by Borrower to Lender on the Closing Date to be held in Eligible Accounts by Lender or Servicer and hereinafter respectively referred to as the "Tax Account" and the "Insurance Account", Borrower shall pay (or cause to be paid) to Lender on each Monthly Payment Date (a) one-twelfth of an amount which would be sufficient to pay the Taxes payable, or estimated by Lender to be payable, during the next ensuing twelve (12) months assuming that said Taxes are to be paid in full on the Tax Payment Date (the "Monthly Tax Deposit"), each of which such deposits shall be held in the Tax Account, and (b) at the option of Lender, if the liability or casualty Policy maintained by Borrower covering the Property shall not constitute an approved blanket or umbrella Policy pursuant to Subsection 7.1(c) hereof, or Lender shall require Borrower to obtain a separate Policy pursuant to Subsection 7.1(c) hereof, one-twelfth of an amount which would be sufficient to pay the Insurance Premiums due for the renewal of the coverage afforded by the Policies upon the expiration thereof (the "Monthly Insurance Deposit"), each of which such deposits shall be held in the Insurance Account (amounts held in the Tax Account and the Insurance Account are collectively herein referred to as the "Tax and Insurance Funds").  Additionally, if, at any time, Lender determines that amounts on deposit or scheduled to be deposited in (i) the Tax Account will be insufficient to pay all applicable Taxes in full on the Tax Payment Date and/or (ii) the Insurance Account will be insufficient to pay all applicable Insurance Premiums in full on the Insurance Payment Date, Borrower shall make a True Up Payment with respect to such insufficiency into the applicable Reserve Account.  Borrower agrees to notify Lender immediately of any changes to the amounts, schedules and instructions for payment of any Taxes and Insurance Premiums of which it has or obtains knowledge and authorizes Lender or its agent to obtain the bills for Taxes directly from the appropriate taxing authority.  Provided there are sufficient amounts in the Tax Account and Insurance Account, respectively, and no Event of Default exists, Lender shall be obligated to pay the Taxes and Insurance Premiums as they become due on their respective due dates on behalf of Borrower by applying the Tax and Insurance Funds to the payment of such Taxes and Insurance Premiums.  If the amount of the Tax and Insurance Funds shall exceed the amounts due for Taxes and Insurance Premiums pursuant to Sections 4.5 and 7.1 hereof, Lender shall, in its discretion, return any excess to Borrower or credit such excess against future payments to be made to the Tax and Insurance Funds. 
    Section 8.7.     The Accounts Generally. 
(1)Borrower grants to Lender a first-priority perfected security interest in each of the Accounts and any and all sums now or hereafter deposited in the Accounts as additional security 
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for payment of the Debt.  Until expended or applied in accordance herewith, the Accounts and the funds deposited therein shall constitute additional security for the Debt.  The provisions of this Section 8.7 (together with the other related provisions of the other Loan Documents) are intended to give Lender and/or Servicer "control" of the Accounts and the Account Collateral and serve as a "security agreement" and a "control agreement" with respect to the same, in each case, within the meaning of the UCC.  Borrower acknowledges and agrees that the Accounts are subject to the sole dominion, control and discretion of Lender, its authorized agents or designees, subject to the terms hereof, and Borrower shall have no right of withdrawal with respect to any Account except with the prior written consent of Lender or as otherwise provided herein.  The funds on deposit in the Accounts shall not constitute trust funds and may be commingled with other monies held by Lender.  Notwithstanding anything to the contrary contained herein, unless otherwise consented to in writing by Lender, Borrower shall only be permitted to request (and Lender shall only be required to disburse) Reserve Funds on account of the liabilities, costs, work and other matters (as applicable) for which said sums were originally reserved hereunder, in each case, as reasonably determined by Lender. 
(2)Borrower shall not, without obtaining the prior written consent of Lender, further pledge, assign or grant any security interest in the Accounts or the sums deposited therein or permit any lien to attach thereto, or any levy to be made thereon, or any UCC-1 Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.  Borrower hereby authorizes Lender to file a financing statement or statements under the UCC in connection with any of the Accounts and the Account Collateral in the form required to properly perfect Lender's security interest therein.  Borrower agrees that at any time and from time to time, at the expense of Borrower, Borrower will promptly execute and deliver all further instruments and documents, and take all further action, that may be reasonably necessary or desirable, or that Lender may reasonably request, in order to perfect and protect any security interest granted or purported to be granted hereby (including, without limitation, any security interest in and to any Permitted Investments) or to enable Lender to exercise and enforce its rights and remedies hereunder with respect to any Account or Account Collateral. 
(3)Notwithstanding anything to the contrary contained herein or in any other Loan Document, upon the occurrence and during the continuance of an Event of Default, without notice from Lender or Servicer (i) Borrower shall have no rights in respect of the Accounts, (ii) Lender may liquidate and transfer any amounts then invested in Permitted Investments pursuant to the applicable terms hereof to the Accounts or reinvest such amounts in other Permitted Investments as Lender may reasonably determine is necessary to perfect or protect any security interest granted or purported to be granted hereby or pursuant to the other Loan Documents or to enable Lender to exercise and enforce Lender's rights and remedies hereunder or under any other Loan Document with respect to any Account or any Account Collateral, and (iii) Lender shall have all rights and remedies with respect to the Accounts and the amounts on deposit therein and the Account Collateral as described in this Agreement and in the Security Instrument, in addition to all of the rights and remedies available to a secured party under the UCC, and, notwithstanding anything to the contrary contained in this Agreement or in the Security Instrument, may apply the amounts of such Accounts as Lender determines in its sole discretion including, but not limited to, payment of the Debt. 
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(4)The insufficiency of funds on deposit in the Accounts shall not absolve Borrower of the obligation to make any payments, as and when due pursuant to this Agreement and the other Loan Documents, and such obligations shall be separate and independent, and not conditioned on any event or circumstance whatsoever. 
(5)Borrower shall indemnify Lender and hold Lender harmless from and against any and all actions, suits, claims, demands, liabilities, losses, damages, obligations and costs and expenses (including litigation costs and reasonable attorney's fees and expenses) arising from or in any way connected with the Accounts, the sums deposited therein or the performance of the obligations for which the Accounts were established, except to the extent arising from the gross negligence or willful misconduct of Lender, its agents or employees.  Borrower shall assign to Lender all rights and claims Borrower may have against all Persons supplying labor, materials or other services which are to be paid from or secured by the Accounts; provided, however, that Lender may not pursue any such right or claim unless an Event of Default has occurred and remains uncured. 
(6)Borrower and Lender (or Servicer on behalf of Lender) shall maintain each applicable Account as an Eligible Account, except as otherwise expressly agreed to in writing by Lender.  In the event that Lender or Servicer no longer satisfies the criteria for an Eligible Institution, Borrower shall cooperate with Lender in transferring the applicable Accounts to an institution that satisfies such criteria.  Borrower hereby grants Lender power of attorney (irrevocable for so long as the Loan is outstanding) with respect to any such transfers and the establishment of accounts with a successor institution. 
(7)Interest accrued on any Account shall not be required to be remitted either to Borrower or to any Account and may instead be retained by Lender. 
(8)Borrower acknowledges and agrees that it solely shall be, and shall at all times remain, liable to Lender or Servicer for all reasonable, standard and customary fees, charges, costs and expenses in connection with the Accounts, this Agreement and the enforcement hereof, including, without limitation, any reasonable, standard and customary monthly or annual fees or charges as may be assessed by Lender or Servicer in connection with the administration of the Accounts and the reasonable fees and expenses of legal counsel to Lender and Servicer as reasonably necessary to enforce, protect or preserve the rights and remedies of Lender and/or Servicer under this Agreement. 
(9)Lender will process disbursements from the applicable Accounts under this Article 8 within ten (10) Business Days after the date on which all of the requisite conditions are satisfied in full by Borrower as determined by Lender with reasonable promptness in accordance with each such respective section of this Agreement, provided that the foregoing shall in no way diminish Borrower's responsibilities under this Agreement nor affect Lender's rights and remedies hereunder.   
(10)Upon timely payment in full of the Debt and satisfaction of all other obligations under the Loan in accordance with the terms of this Agreement, any funds remaining in the accounts provided for in this Section 8 shall be returned to Borrower. 
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(11)Borrower acknowledges that the provisions of Section 8.6 and the calculations of certain required deposits to such Account for Taxes have been calculated by Lender in reliance upon Borrower’s representation that the Reserve Waiver Tenants are required to directly pay Taxes as to the respective portion of Property leased pursuant to the Leases with the Reserve Waiver Tenants.  Notwithstanding the foregoing, Borrower shall immediately be required to make necessary deposits to and Lender will update the amount of the monthly deposit under Section 8.6 which Borrower is required to make if at any time any of the Reserve Waiver Conditions are not satisfied in full for such Reserve Waiver Tenant.  
    Section 8.8.     Letters of Credit. 
(a) This Section shall apply to any Letters of Credit which are permitted to be delivered pursuant to the express terms and conditions hereof.  Other than in connection with any Letters of Credit delivered in connection with the closing of the Loan, Borrower shall give Lender no less than ten (10) days written notice of Borrower's election to deliver a Letter of Credit together with a draft of the proposed Letter of Credit and Borrower shall pay to Lender all of Lender's reasonable out-of-pocket costs and expenses in connection therewith.  No party other than Lender shall be entitled to draw on any such Letter of Credit.  In the event that any disbursement of any Reserve Funds relates to a portion thereof provided through a Letter of Credit, any "disbursement" of said funds as provided above shall be deemed to refer to 
(1)Borrower providing Lender a replacement Letter of Credit in an amount equal to the original 
Letter of Credit posted less the amount of the applicable disbursement provided hereunder and 
(2)Lender, after receiving such replacement Letter of Credit, returning such original Letter of Credit to Borrower; provided, that, no replacement Letter of Credit shall be required with respect to the final disbursement of the applicable Reserve Funds such that no further sums are required to be deposited in the applicable Reserve Funds. 
(a) Each Letter of Credit delivered hereunder shall be additional security for the payment of the Debt.  Upon the occurrence and during the continuance of an Event of Default, Lender shall have the right, at its option, to draw on any Letter of Credit and to apply all or any part thereof to the payment of the items for which such Letter of Credit was established or to apply each such Letter of Credit to payment of the Debt in such order, proportion or priority as Lender may determine.  Any such application to the Debt shall be subject to the terms and conditions hereof relating to application of sums to the Debt.   Lender shall have the additional rights to draw in full any Letter of Credit:  (i) if Lender has received a notice from the issuing bank that the Letter of Credit will not be renewed and a substitute Letter of Credit is not provided at least forty five (45) days prior to the date on which the outstanding Letter of Credit is scheduled to expire; (ii) if Lender has not received a notice from the issuing bank that it has renewed the Letter of Credit at least forty five (45) days prior to the date on which such Letter of Credit is scheduled to expire and a substitute Letter of Credit is not provided at least forty five (45) days prior to the date on which the outstanding Letter of Credit is scheduled to expire; (iii) upon receipt of notice from the issuing bank that the Letter of Credit will be terminated (except if the termination of such Letter of Credit is permitted pursuant to the terms and conditions hereof or a substitute Letter of Credit is provided by no later than forty five (45) days prior to such termination); (iv) if Lender has received notice that the bank issuing the Letter of Credit shall 
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cease to be an Approved Bank and Borrower has not substituted a Letter of Credit from an Approved Bank within fifteen (15) days after notice; and/or (v) if the bank issuing the Letter of Credit shall fail to (A) issue a replacement Letter of Credit in the event the original Letter of Credit has been lost, mutilated, stolen and/or destroyed or (B) consent to the transfer of the Letter of Credit to any Person designated by Lender.  If Lender draws upon a Letter of Credit pursuant to the terms and conditions of this Agreement, provided no Event of Default exists, Lender shall apply all or any part thereof for the purposes for which such Letter of Credit was established.  Notwithstanding anything to the contrary contained in the above, Lender is not obligated to draw any Letter of Credit upon the happening of an event specified in (i), (ii), (iii), (iv) or (v) above and shall not be liable for any losses sustained by Borrower due to the insolvency of the bank issuing the Letter of Credit if Lender has not drawn the Letter of Credit.  
    Section 8.9.     Ground Rent Reserve Funds.   
(a)On the Closing Date, Borrower shall deposit into an Eligible Account held by Lender or Servicer (the "Ground Rent Account") an amount equal to $83,518.33 (the "Upfront Ground Rent Reserve Deposit") and Borrower shall deposit into the Ground Rent Account, on each Monthly Payment Date, an amount (the "Monthly Ground Rent Deposit") equal to $24,203.67 (such amounts so deposited shall hereinafter be referred to as the "Ground Rent Reserve Funds").  Such deposit may be increased by Lender in the amount Lender deems is necessary in its reasonable discretion based on any increases in the Ground Rent to ensure there are sufficient funds on deposit in the Ground Rent Account for the timely payment of all installments of Ground Rent under each Ground Lease; provided, however, the Ground Rent Reserve Funds exclude the Ground Rent payable by Borrower under the “Office” Ground Lease.  
(b)Provided no Event of Default has occurred and is continuing, Lender shall apply the Ground Rent Reserve Funds to payments of Ground Rent on the date which is thirty (30) days prior to the due date therefor under the applicable Ground Lease.  In making any payment relating to Ground Rent, Lender may do so according to any bill or statement given by the Ground Lessor without inquiry into the accuracy of such bill or statement or into the validity of any rent, additional rent or other charge thereof.  Any Ground Rent Reserve Funds remaining after the Debt has been paid in full shall be returned to Borrower. 
Section 8.10. Outstanding Obligations Reserve Funds.  
(a)On the Closing Date, Borrower shall deposit into an Eligible Account held by Lender or Servicer (the "Outstanding Obligations Reserve Account") the sum of $360,379.00, which amount consists of (i) a $202,879.00 tenant improvement allowance obligation from Borrower to National Speed pursuant to its Lease, (ii) a $100,000.00 tenant improvement allowance obligation from Borrower to Aaron’s pursuant to its Lease, (iii) a $50,000.00 tenant improvement allowance obligation from Borrower to Family Dollar pursuant to its Lease, and (iv) a $7,500.00 tenant improvement allowance obligation from Borrower to Creative Hairdresser pursuant to its Lease.  Amounts 
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deposited pursuant to this Section 8.10 are referred to herein as the "Outstanding Obligations Reserve Funds".  
(b)So long as no Event of Default exists, applicable portions of the Outstanding Obligations Reserve Funds shall be disbursed to Borrower as if they were Leasing Reserve Funds pursuant to Section 8.3(b) hereof and in accordance with the applicable Lease.    
(c)Borrower shall have the one (1) time right after the Closing Date to replace the cash deposit in the Outstanding Obligations Reserve Account with a Letter of Credit equal to such amount and satisfying the requirements of Section 8.8 hereof. 
ARTICLE 9 
 
CASH MANAGEMENT 
    Section 9.1.     Establishment of Certain Accounts. 
(1)Borrower shall, on the first occurrence of a Trigger Period, establish an Eligible Account (provided that KeyBank National Association shall be permitted to maintain the Restricted Account so long as its ratings listed in the Restricted Account Agreement are not downgraded after the Closing Date) (the "Restricted Account") pursuant to the Restricted Account Agreement in the name of Borrower for the sole and exclusive benefit of Lender into which Borrower shall deposit, or cause to be deposited, all revenue generated by the Property.  Pursuant to the Restricted Account Agreement, funds on deposit in the Restricted Account shall be transferred on each Business Day to or at the direction of Borrower unless a Trigger Period exists, in which case such funds shall be transferred on each Business Day to the Cash Management Account. 
(2)Upon the first occurrence of a Trigger Period, Lender, on Borrower's behalf, shall establish an Eligible Account (the "Cash Management Account") with Lender or Servicer, as applicable, in the name of Borrower for the sole and exclusive benefit of Lender.  Upon the first occurrence of a Trigger Period, Lender, on Borrower's behalf, shall also establish with Lender or Servicer an Eligible Account into which Borrower shall deposit, or cause to be deposited the amounts required for the payment of Debt Service under the Loan (the "Debt Service Account"). 
Section 9.2.     Deposits into the Restricted Account; Maintenance of Restricted Account. 
(1)Borrower represents, warrants and covenants that, so long as the Debt remains outstanding, (i) on the first occurrence of a Trigger Period and for so long as the Debt remains outstanding thereafter Borrower shall, or shall cause Manager to, immediately deposit all revenue derived from the Property and received by Borrower or Manager, as the case may be, into the Restricted Account; (ii) on the first occurrence of a Trigger Period and for so long as the Debt remains outstanding thereafter Borrower shall instruct Manager to immediately deposit (A) all revenue derived from the Property collected by Manager, if any, pursuant to the Management 
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Agreement (or otherwise) into the Restricted Account and (B) all funds otherwise payable to Borrower by Manager pursuant to the Management Agreement (or otherwise in connection with the Property) into the Restricted Account; (iii) (A) within five (5) days after the first occurrence of a Trigger Period, Borrower shall have sent a notice, substantially in the form of Exhibit A attached hereto, to all Tenants occupying space at the Property directing them to pay all rent and other sums due under the Lease to which they are a party into the Restricted Account (such notice, the "Tenant Direction Notice"), (B) simultaneously with the execution of any Lease entered into on or after the first occurrence of a Trigger Period in accordance with the applicable terms and conditions hereof, Borrower shall furnish each Tenant under each such Lease the Tenant Direction Notice and (C) Borrower shall continue to send the aforesaid Tenant Direction Notices until each addressee thereof complies with the terms thereof; (iv) after the first occurrence of a Trigger Period and for so long as the Debt remains outstanding thereafter there shall be no other accounts maintained by Borrower or any other Person into which revenues from the ownership and operation of the Property are directly deposited; and (v) after the first occurrence of a Trigger Period and for so long as the Debt remains outstanding thereafter neither Borrower nor any other Person shall open any other such account with respect to the direct deposit of income in connection with the Property.  Until deposited into the Restricted Account, any Rents and other revenues from the Property held by Borrower shall be deemed to be collateral and shall be held in trust by it for the benefit, and as the property, of Lender pursuant to the Security Instrument and shall not be commingled with any other funds or property of Borrower.  Borrower warrants and covenants that it shall not rescind, withdraw or change any notices or instructions required to be sent by it pursuant to this Section 9.2 without Lender's prior written consent. 
(2)On the first occurrence of a Trigger Period and for so long as the Debt remains outstanding thereafter Borrower shall maintain the Restricted Account, which Restricted Account shall be under the sole dominion and control of Lender (subject to the terms hereof and of the Restricted Account Agreement).  The Restricted Account shall have a title evidencing the foregoing in a manner reasonably acceptable to Lender.  Borrower hereby grants to Lender a first-priority security interest in the Restricted Account and all deposits at any time contained therein and the proceeds thereof and will take all actions necessary to maintain in favor of Lender a perfected first priority security interest in the Restricted Account.  Borrower hereby authorizes Lender to file UCC Financing Statements and continuations thereof to perfect Lender's security interest in the Restricted Account and all deposits at any time contained therein and the proceeds thereof.  All costs and expenses for establishing and maintaining the Restricted Account (or any successor thereto) shall be paid by Borrower.  All monies now or hereafter deposited into the Restricted Account shall be deemed additional security for the Debt.  Borrower shall pay all sums due under and otherwise comply with the Restricted Account 
Agreement.  Borrower shall not alter or modify either the Restricted Account or the Restricted Account Agreement, in each case without the prior written consent of Lender.  The Restricted Account Agreement shall provide (and Borrower shall provide) Lender online access to bank and other financial statements relating to the Restricted Account (including, without limitation, a listing of the receipts being collected therein).  In connection with any Secondary Market Transaction, Lender shall have the right to cause the Restricted Account to be entitled with such other designation as Lender may select to reflect an assignment or transfer of Lender's rights and/or interests with respect to the Restricted Account.  Lender shall provide Borrower with prompt 
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written notice of any such renaming of the Restricted Account.  Borrower shall not further pledge, assign or grant any security interest in the Restricted Account or the monies deposited therein or permit any lien or encumbrance to attach thereto, or any levy to be made thereon, or any UCC Financing Statements, except those naming Lender as the secured party, to be filed with respect thereto.  The Restricted Account (i) shall be an Eligible Account (provided that KeyBank National Association shall be permitted to maintain the Restricted Account so long as its ratings listed in the Restricted Account Agreement are not downgraded after the Closing Date) and (ii) shall not be commingled with other monies held by Borrower or Bank.  Upon (A) Bank ceasing to be an Eligible Institution (provided that KeyBank National Association shall be permitted to maintain the Restricted Account so long as its ratings listed in the Restricted Account Agreement are not downgraded after the Closing Date), (B) the Restricted Account ceasing to be an Eligible Account (provided that KeyBank National Association shall be permitted to maintain the Restricted Account so long as its ratings listed in the Restricted Account Agreement are not downgraded after the Closing Date), (C) any resignation by Bank or termination of the Restricted Account Agreement by Bank or Lender and/or (D) the occurrence and continuance of an Event of Default, Borrower shall, within fifteen (15) days of Lender's request, (1) terminate the existing Restricted Account Agreement, (2) appoint a new Bank (which such Bank shall (I) be an Eligible Institution, (II) other than during the continuance of an Event of Default, be selected by Borrower and approved by Lender and (III) during the continuance of an Event of Default, be selected by Lender), (3) cause such Bank to open a new Restricted Account (which such account shall be an Eligible Account) and enter into a new Restricted Account Agreement with Lender on substantially the same terms and conditions as the previous Restricted Account Agreement and (4) send new Tenant Direction Notices and the other notices required pursuant to the terms hereof relating to such new Restricted Account Agreement and Restricted Account.  Borrower constitutes and appoints Lender its true and lawful attorney-in-fact with full power of substitution to complete or undertake any action required of Borrower under this Section 9.2 in the name of Borrower in the event Borrower fails to do the same.  Such power of attorney shall be deemed to be a power coupled with an interest and cannot be revoked. 
Section 9.3. Disbursements from the Cash Management Account.  On each Monthly Payment Date, Lender or Servicer, as applicable, shall allocate all funds, if any, on deposit in the Cash Management Account and disburse such funds in the following amounts and order of priority: 
(1)First, funds sufficient to pay the Monthly Tax Deposit due for the then applicable Monthly Payment Date, if any, shall be deposited in the Tax Account; 
(2)Second, funds sufficient to pay the Monthly Insurance Deposit due for the then applicable Monthly Payment Date, if any, shall be deposited in the Insurance Account; 
(3)Third, sufficient to pay the Monthly Ground Rent Deposit for the then applicable Monthly Payment Date, if any, shall be deposited in the Ground Rent Account  
(4)Fourth, funds sufficient to pay any interest accruing at the Default Rate and late payment charges, if any, shall be deposited into the Debt Service Account; 
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(5)Fifth, funds sufficient to pay the Debt Service due on the then applicable Monthly Payment Date (without duplication of any portion thereof already deposited therein under subsection (c) above) shall be deposited in the Debt Service Account; 
(6)Sixth, funds sufficient to pay the Replacement Reserve Monthly Deposit for the then applicable Monthly Payment Date, if any, shall be deposited in the Replacement Reserve Account; 
(7)Seventh, funds sufficient to pay the Leasing Reserve Monthly Deposit for the then applicable Monthly Payment Date, if any, shall be deposited in the Leasing Reserve Account; 
(8)Eighth, funds sufficient to pay any other amounts due and owing to Lender and/or Servicer pursuant to the terms hereof and/or of the other Loan Documents, if any, shall be deposited with or as directed by Lender; 
(9)Ninth, to the extent that a Trigger Period has occurred and is continuing, funds sufficient to pay the Op Ex Monthly Deposit for the then applicable Monthly Payment Date, if any, shall be deposited in the Operating Expense Account; and 
(10)Tenth, all amounts remaining in the Cash Management Account after deposits for items (a) through (i) above ("Excess Cash Flow") shall (i) to the extent that a Trigger Period has occurred and is continuing, be deposited into the Excess Cash Flow Account and (ii) to the extent that no Trigger Period exists, be disbursed to Borrower. 
Section 9.4. Withdrawals from the Debt Service Account.  Prior to the occurrence and continuance of an Event of Default, funds on deposit in the Debt Service Account, if any, shall be used to pay Debt Service when due, together with any late payment charges. 
Section 9.5. Payments Received Under this Agreement.  Notwithstanding anything to the contrary contained in this Agreement or the other Loan Documents, provided no Event of Default has occurred and is continuing, Borrower's obligations with respect to the monthly payment of Debt Service and amounts due for the Reserve Accounts shall (provided Lender is not prohibited from withdrawing or applying any funds in the applicable Accounts by operation of law or otherwise) be deemed satisfied to the extent sufficient amounts are deposited in applicable Accounts to satisfy such obligations on the dates each such payment is required, regardless of whether any of such amounts are so applied by Lender. 
ARTICLE 10 
 
EVENTS OF DEFAULT; REMEDIES 
Section 10.1. Event of Default. 
The occurrence of any one or more of the following events shall constitute an "Event of Default": 
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(1)if (A) any monthly Debt Service payment or the payment due on the Maturity Date is not paid when due, (B) any deposit to any of the Accounts required hereunder or under the other Loan Documents is not paid when due or (C) any other portion of the Debt is not paid when due and such non-payment continues for five (5) days following notice to Borrower that the same is due and payable; 
(2)if any of the Taxes or Other Charges are not paid when the same are due and payable except to the extent (A) sums sufficient to pay the Taxes or Other Charges in question had been reserved hereunder prior to the applicable due date for the Taxes or Other Charges in question for the express purpose of paying the Taxes or Other Charges in question and Lender failed to pay the Taxes or Other Charges in question when required hereunder, (B) Lender's access to such sums was not restricted or constrained in any manner and (C) no Event of Default was continuing; 
(3)if the Policies are not kept in full force and effect or if evidence of the same is not delivered to Lender as provided in Section 7.1 hereof; 
(4)if any of the representations or covenants contained in Article 5, Article 6, Section 3.34, Section 4.22 or Section 4.23 hereof or in the Property Document Provisions are breached or violated, unless Lender determines that such breach was not intentional, is immaterial and could not reasonably be expected to have a Material Adverse Effect and Borrower provides Lender with immediate written notice of the occurrence of such breach then Borrower or Sponsor, as applicable, shall have ten (10) days to cure such breach to the satisfaction of Lender before same shall constitute an Event of Default; 
(5)if any representation or warranty made herein, in the Guaranty or in the Environmental Indemnity or in any other guaranty, or in any certificate, report, financial statement or other instrument or document furnished to Lender in connection with the Loan shall have been false in any material adverse respect when made or misleading in any material adverse respect when made; 
(6)if (i) Borrower, any SPE Component Entity, any Affiliated Manager, Sponsor or Guarantor shall commence any case, proceeding or other action (A) under any Creditors Rights Laws seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, liquidation or dissolution, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or Borrower or any managing member or general partner of Borrower, any SPE Component Entity, any Affiliated Manager, Sponsor or Guarantor shall make a general assignment for the benefit of its creditors; (ii) there shall be commenced against Borrower or any managing member or general partner of Borrower, any SPE Component Entity, any Affiliated Manager, Sponsor or Guarantor any case, proceeding or other action of a nature referred to in clause (i) above (other than any case, action or proceeding already constituting an Event of Default by operation of the other provisions of this subsection) which (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of sixty (60) days; (iii) there shall be commenced against Borrower, any SPE Component Entity, any Affiliated Manager, Sponsor or Guarantor any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or 
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similar process against all or any substantial part of its assets (other than any case, action or proceeding already constituting an Event of Default by operation of the other provisions of this subsection) which results in the entry of any order for any such relief which shall not have been vacated, discharged, or stayed or bonded pending appeal within sixty (60) days from the entry thereof; (iv) Borrower, any SPE Component Entity, any Affiliated Manager, Sponsor or Guarantor shall take any action in furtherance of, in collusion with respect to, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; (v) Borrower, any SPE Component Entity, any Affiliated Manager, Sponsor or Guarantor shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; (vi) any Restricted Party is substantively consolidated with any other entity in connection with any proceeding under the Bankruptcy Code or any other Creditors Rights Laws involving Sponsor or its subsidiaries; or (vii) a Bankruptcy Event occurs; 
(7)if Borrower shall be in default beyond applicable notice and cure periods under any other mortgage, deed of trust, deed to secure debt or other security agreement covering any part of the Property whether it be superior or junior in lien to the Security Instrument; 
(8)if the Property becomes subject to any mechanic's, materialman's or other lien other than a lien for any Taxes not then due and payable and the lien shall remain undischarged of record (by payment, bonding or otherwise) for a period of thirty (30) days; 
(9)if any federal tax lien is filed against Borrower, any SPE Component Entity, Sponsor, Guarantor or the Property and same is not discharged of record (by payment, bonding or otherwise) within thirty (30) days after same is filed; 
(10)if Borrower shall fail to deliver to Lender, within ten (10) days after request by Lender, the estoppel certificates required by Section 4.13(a) or (c) hereof; 
(11)if any default occurs under any guaranty or indemnity executed in connection herewith (including, without limitation, the Environmental Indemnity and/or the Guaranty) and such default continues after the expiration of applicable grace periods, if any; 
(12)if any of the assumptions contained in the Non-Consolidation Opinion, or in any New Non-Consolidation Opinion (including, without limitation, in any schedules thereto and/or certificates delivered in connection therewith) are untrue or shall become untrue in any material respect; 
(13)if Borrower defaults under the Management Agreement beyond the expiration of applicable notice and cure periods, if any, thereunder or if the Management Agreement is canceled, terminated or surrendered, expires pursuant to its terms or otherwise ceased to be in full force and effect, unless, in each such case, Borrower, contemporaneously with such cancellation, termination, surrender, expiration or cessation, enters into a Qualified Management Agreement with a Qualified Manager in accordance with the applicable terms and provisions hereof; 
(14)if Borrower fails to appoint a New Manager upon the request of Lender and such failure continues for ten (10) Business Days after Lender sends Borrower written notice of such 
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failure, and/or fails to comply with any limitations on instructing the Manager, each as required by and in accordance with, as applicable, the terms and provisions of, this Agreement, the 
Assignment of Management Agreement and the Security Instrument; 
(15)if any representation and/or covenant herein relating to ERISA and/or FIRRMA matters is breached; 
(16)if (A) Borrower shall fail (beyond any applicable notice or cure period) to pay any rent, additional rent or other charges payable under any Property Document as and when payable thereunder and such failure continues for ten (10) Business Days after Lender sends written notice to Borrower of such failure (but excluding any rent under the Ground Leases, which shall not have a grace and cure period), (B) Borrower defaults under the Property Documents beyond the expiration of applicable notice and cure periods, if any, thereunder, and such default continues for ten (10) Business Days after Lender sends written notice to Borrower of such failure (but excluding any rent under the Ground Leases, which shall not have a grace and cure period), (C) any of the Property Documents are amended, supplemented, replaced, restated or otherwise modified without Lender's prior written consent or if Borrower consents to a transfer of any party's interest thereunder without Lender's prior written consent, (D) any Property Document and/or the estate created thereunder is canceled, rejected, terminated, surrendered or expires pursuant to its terms, unless in such case Borrower enters into a replacement thereof in accordance with the applicable terms and provisions hereof or (E) a Property Document Event occurs and such Property Document Event continues for five (5) Business Days after Lender sends written notice to Borrower of such Property Document Event (but excluding any rent under the Ground Leases, which shall not have a grace and cure period); 
(17)with respect to any default or breach of any term, covenant or condition of this Agreement not specified in subsections (a) through (p) above or not otherwise specifically specified as an Event of Default in this Agreement, if the same is not cured (i) within ten (10) days after notice from Lender (in the case of any default which can be cured by the payment of a sum of money) or (ii) for thirty (30) days after notice from Lender (in the case of any other default or breach); provided, that, with respect to any default or breach specified in subsection (ii), if the same cannot reasonably be cured within such thirty (30) day period and Borrower shall have commenced to cure the same within such thirty (30) day period and thereafter diligently and expeditiously proceeds to cure the same, such thirty (30) day period shall be extended for so long as it shall require Borrower in the exercise of due diligence to cure the same, it being agreed that no such extension shall be for a period in excess of sixty (60) days; or 
(18)if any default shall exist under any of the other Loan Documents beyond any applicable notice and cure periods contained in such Loan Documents or if any other such event shall occur or condition shall exist, if the effect of such event or condition is to accelerate the maturity of any portion of the Debt or to permit Lender to accelerate the maturity of all or any portion of the Debt. 
Section 10.2. Remedies. 
(1)Upon the occurrence and during the continuance of an Event of Default (other than an Event of Default described in Section 10.1(f) above with respect to Borrower or any SPE 
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Component Entity) and at any time thereafter Lender may, in addition to any other rights or remedies available to it pursuant to this Agreement, the Security Instrument, the Note and the other Loan Documents or at law or in equity, take such action, without notice or demand, that Lender deems advisable to protect and enforce its rights against Borrower and in the Property, including, without limitation, declaring the Debt to be immediately due and payable, and Lender may enforce or avail itself of any or all rights or remedies provided in this Agreement, the Security Instrument, the Note and the other Loan Documents against Borrower and the Property, including, without limitation, all rights or remedies available at law or in equity.  Upon any Event of Default described in Section 10.1(f) above with respect to Borrower or any SPE Component Entity, the Debt and all other obligations of Borrower under this Agreement, the Security Instrument, the Note and the other Loan Documents shall immediately and automatically become due and payable, without notice or demand, and Borrower hereby expressly waives any such notice or demand, anything contained herein or in the Security Instrument, the Note and the other Loan Documents to the contrary notwithstanding. 
(2)Upon the occurrence and during the continuance of an Event of Default, all or any one or more of the rights, powers, privileges and other remedies available to Lender against Borrower under this Agreement, the Security Instrument, the Note or the other Loan Documents executed and delivered by, or applicable to, Borrower or at law or in equity may be exercised by Lender at any time and from time to time, whether or not all or any of the Debt shall be declared due and payable, and whether or not Lender shall have commenced any foreclosure proceeding or other action for the enforcement of its rights and remedies under this Agreement, the Security Instrument, the Note or the other Loan Documents with respect to the Property.  Any such actions taken by Lender shall be cumulative and concurrent and may be pursued independently, singularly, successively, together or otherwise, at such time and in such order as Lender may determine in its sole discretion, to the fullest extent permitted by applicable law, without impairing or otherwise affecting the other rights and remedies of Lender permitted by applicable law, equity or contract or as set forth herein or in the Security Instrument, the Note or the other Loan Documents.  No delay or omission to exercise any remedy, right or power accruing upon an Event of Default shall impair any such remedy, right or power or shall be construed as a waiver thereof, but any such remedy, right or power may be exercised from time to time and as often as may be deemed expedient.  A waiver of one Default or Event of Default with respect to Borrower shall not be construed to be a waiver of any subsequent Default or Event of Default by Borrower or to impair any remedy, right or power consequent thereon. 
(3)Lender shall have the right from time to time to partially foreclose the Security Instrument in any manner and for any amounts secured by the Security Instrument then due and payable as determined by Lender in its sole discretion including, without limitation, the following circumstances: (i) in the event Borrower defaults beyond any applicable grace period in the payment of one or more scheduled payments of principal and interest, Lender may foreclose the Security Instrument to recover such delinquent payments, or (ii) in the event Lender elects to accelerate less than the entire outstanding principal balance of the Loan, Lender may foreclose the Security Instrument to recover so much of the principal balance of the Loan as Lender may accelerate and such other sums secured by the Security Instrument as Lender may elect.  Notwithstanding one or more partial foreclosures, the Property shall remain subject to the 
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Security Instrument to secure payment of sums secured by the Security Instrument and not previously recovered. 
(4)Lender shall have the right from time to time to sever the Note and the other Loan Documents into one or more separate notes, security instruments and other security documents (the "Severed Loan Documents") in such denominations as Lender shall determine in its sole discretion for purposes of evidencing and enforcing its rights and remedies provided hereunder.  Borrower shall execute and deliver to Lender from time to time, promptly after the request of Lender, a severance agreement and such other documents as Lender shall request in order to effect the severance described in the preceding sentence, all in form and substance reasonably satisfactory to Lender.  Borrower hereby absolutely and irrevocably appoints Lender as its true and lawful attorney, coupled with an interest, in its name and stead to make and execute all documents necessary or desirable to effect the aforesaid severance, Borrower ratifying all that its said attorney shall do by virtue thereof; provided, however, Lender shall not make or execute any such documents under such power until three (3) days after notice has been given to Borrower by Lender of Lender's intent to exercise its rights under such power.  Borrower shall not be obligated to pay any costs or expenses incurred in connection with the preparation, execution, recording or filing of the Severed Loan Documents and the Severed Loan Documents shall not contain any representations, warranties or covenants not contained in the Loan Documents and any such representations and warranties contained in the Severed Loan Documents will be given by Borrower only as of the Closing Date. 
(5)Notwithstanding anything to the contrary contained herein or in any other Loan Document, any amounts recovered from the Property or any other collateral for the Loan and/or paid to or received by Lender may, after an Event of Default, be applied by Lender toward the Debt in such order, priority and proportions as Lender in its sole discretion shall determine. 
(6)Lender may, but without any obligation to do so and without notice to or demand on Borrower and without releasing Borrower from any obligation hereunder or being deemed to have cured any Event of Default hereunder, make, do or perform any obligation of Borrower hereunder in such manner and to such extent as Lender may deem necessary.  Lender is authorized to enter upon the Property for such purposes, or appear in, defend, or bring any action or proceeding to protect its interest in the Property for such purposes, and the cost and expense thereof (including reasonable attorneys' fees to the extent permitted by applicable law), with interest as provided in this Section, shall constitute a portion of the Debt and shall be due and payable to Lender upon demand.  All such costs and expenses incurred by Lender in remedying such Event of Default or such failed payment or act or in appearing in, defending, or bringing any action or proceeding shall bear interest at the Default Rate, for the period after such cost or expense was incurred into the date of payment to Lender.  All such costs and expenses incurred by Lender together with interest thereon calculated at the Default Rate shall be deemed to constitute a portion of the Debt and be secured by the liens, claims and security interests provided to Lender under the Loan Documents and shall be immediately due and payable upon demand by Lender therefore. 
ARTICLE 11 
 
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SECONDARY MARKET 
Section 11.1. Securitization. 
(1)Lender shall have the right (i) to sell or otherwise transfer the Loan (or any portion thereof and/or interest therein), (ii) to sell participation interests in the Loan (or any portion thereof and/or interest therein) or (iii) to securitize the Loan (or any portion thereof and/or interest therein) in a single asset securitization or a pooled asset securitization.  The transactions referred to in clauses (i), (ii) and (iii) above shall hereinafter be referred to collectively as "Secondary Market Transactions" and the transactions referred to in clause (iii) shall hereinafter be referred to as a "Securitization".  Any certificates, notes or other securities issued in connection with a Securitization are hereinafter referred to as "Securities". 
(2)If requested by Lender, Borrower shall assist Lender in satisfying the market standards to which Lender customarily adheres or which may be reasonably required in the marketplace or by the Rating Agencies in connection with any Secondary Market Transactions, including, without limitation, to: 
(a)provide (A) updated financial and other information with respect to the Property, the business operated at the Property, Borrower, Guarantor, Sponsor, SPE 
Component Entity and Manager, (B) updated budgets relating to the Property, (C) updated appraisals, market studies, environmental reviews (Phase I's and, if appropriate, Phase II's), property condition reports and other due diligence investigations of the Property (the "Updated Information"), together, if customary, with appropriate verification of the Updated Information through letters of auditors or opinions of counsel acceptable to Lender and the Rating Agencies and (D) revisions to and other agreements with respect to the Property Documents in form and substance acceptable to Lender and the Rating Agencies; 
(b)provide new and/or updated opinions of counsel, which may be relied upon by Lender, the Rating Agencies and their respective counsel, agents and representatives, as to substantive non-consolidation, fraudulent conveyance, matters of Delaware and federal bankruptcy law relating to limited liability companies, true sale, true lease and any other opinion customary in Secondary Market Transactions or required by the Rating Agencies with respect to the Property, Property Documents, Borrower and Borrower's Affiliates, which counsel and opinions shall be satisfactory in form and substance to Lender and the Rating Agencies; 
(c)provide updated, as of the closing date of the Secondary Market Transaction, representations and warranties made in the Loan Documents and such additional representations and warranties as the Rating Agencies may require; and 
(d)execute such amendments to the Loan Documents, the Property Documents and Borrower's or any SPE Component Entity's organizational documents as may be reasonably requested by Lender or requested by the Rating Agencies or otherwise to effect any Secondary Market Transaction, including, without limitation, (A) to amend and/or supplement the Independent Director provisions provided herein and therein, in 
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each case, in accordance with the applicable requirements of the Rating Agencies, (B) bifurcating the Loan into two or more components and/or additional separate notes and/or creating additional senior/subordinate note structure(s) (any of the foregoing, a "Loan Bifurcation") and (C) to modify all operative dates (including but not limited to payment dates, interest period start dates and end dates, etc.) under the Loan Documents, by up to ten (10) days; provided, however, that Borrower shall not be required to so modify or amend any Loan Document if such modification or amendment would change the interest rate, the stated maturity (except as provided in subclause (C) above) or the amortization of principal set forth herein, except in connection with a Loan Bifurcation which may result in varying fixed interest rates and amortization schedules, but which shall have the same initial weighted average coupon of the original Note. 
(3)If, at the time a Disclosure Document is being prepared for a Securitization, Lender expects that Borrower alone or Borrower and one or more Affiliates of Borrower collectively, or the Property alone or the Property and Related Properties collectively, will be a Significant Obligor, Borrower shall furnish to Lender upon request (i) the selected financial data or, if applicable, net operating income, required under Item 1112(b)(1) of Regulation AB, if Lender expects that the principal amount of the Loan together with any Related Loans as of the cut-off date for such Securitization may, or if the principal amount of the Loan together with any Related Loans as of the cut-off date for such Securitization and at any time during which the Loan and any Related Loans are included in a Securitization does, equal or exceed ten percent (10%) (but less than twenty percent (20%)) of the aggregate principal amount of all mortgage loans included or expected to be included, as applicable, in the Securitization, or (ii) the financial statements required under Item 1112(b)(2) of Regulation AB, if Lender expects that the principal amount of the Loan together with any Related Loans as of the cut-off date for such Securitization may, or if the principal amount of the Loan together with any Related Loans as of the cut-off date for such Securitization and at any time during which the Loan and any Related Loans are included in a Securitization does, equal or exceed twenty percent (20%) of the aggregate principal amount of all mortgage loans included or expected to be included, as applicable, in the Securitization.  Such financial data or financial statements shall be furnished to Lender (A) within ten (10) Business Days after notice from Lender in connection with the preparation of Disclosure Documents for the Securitization, (B) not later than thirty (30) days after the end of each fiscal quarter of Borrower and (C) not later than seventy-five (75) days after the end of each fiscal year of Borrower; provided, however, that Borrower shall not be obligated to furnish financial data or financial statements pursuant to clauses (B) or (C) of this sentence with respect to any period for which a filing pursuant to the Exchange Act in connection with or relating to the Securitization (an "Exchange Act Filing") is not required.  If requested by Lender, Borrower shall furnish to Lender financial data and/or financial statements for any tenant of the Property (to the extent Borrower is in possession of such information or can reasonably obtain from such tenant) if, in connection with a Securitization, Lender expects there to be, with respect to such tenant or group of Affiliated tenants, a concentration within all of the mortgage loans included or expected to be included, as applicable, in the Securitization such that such tenant or group of Affiliated tenants would constitute a Significant Obligor. 
(4)All financial data and statements provided by Borrower hereunder shall be prepared in accordance with GAAP, and shall meet the requirements of Regulation AB and other 
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applicable legal requirements.  All financial statements referred to in this Section shall be audited by independent accountants of Borrower acceptable to Lender in accordance with Regulation AB and all other applicable legal requirements, shall be accompanied by the manually executed report of the independent accountants thereon, which report shall meet the requirements of Regulation AB and all other applicable legal requirements, and shall be further accompanied by a manually executed written consent of the independent accountants, in form and substance acceptable to Lender, to the inclusion of such financial statements in any Disclosure Document and any Exchange Act Filing and to the use of the name of such independent accountants and the reference to such independent accountants as "experts" in any Disclosure Document and Exchange Act Filing, all of which shall be provided at the same time as the related financial statements are required to be provided.  All financial data and statements (audited or unaudited) provided by Borrower under this Section shall be accompanied by an Officer's Certificate, which certification shall state that such financial statements meet the requirements set forth in the first sentence of this subsection (d). 
(5)If requested by Lender, Borrower shall provide Lender, promptly upon request, with any other or additional financial statements, or financial, statistical or operating information, as Lender shall determine to be required pursuant to Regulation AB or any amendment, modification or replacement thereto or other legal requirements in connection with any Disclosure Document or any Exchange Act Filing or as shall otherwise be reasonably requested by Lender. 
(6)In the event Lender determines, in connection with a Securitization, that the financial data and financial statements required in order to comply with Regulation AB or any amendment, modification or replacement thereto or other legal requirements are other than as provided herein, then notwithstanding the provisions of this Section, Lender may reasonably request, and Borrower shall promptly provide, such other financial data and financial statements as Lender determines to be necessary or appropriate for such compliance. 
Section 11.2. Disclosure. 
(1)Borrower (on its own behalf and on behalf of each other Borrower Party) understands that information provided to Lender by Borrower, any other Borrower Party and/or their respective agents, counsel and representatives may be (i) included in (A) the Disclosure Documents and (B) filings under the Securities Act and/or the Exchange Act and (ii) made available to Investors, the Rating Agencies and service providers, in each case, in connection with any Secondary Market Transaction. 
(2)Borrower shall indemnify Lender and its officers, directors, partners, employees, representatives, agents and affiliates against any losses, claims, damages or liabilities (collectively, the "Liabilities") to which Lender and/or its officers, directors, partners, employees, representatives, agents and/or affiliates may become subject in connection with (x) any Disclosure Document and/or any Covered Rating Agency Information, in each case, insofar as such Liabilities arise out of or are based upon any untrue statement of any material fact in the Provided Information and/or arise out of or are based upon the omission to state a material fact in the Provided Information required to be stated therein or necessary in order to make the statements in the applicable Disclosure Document and/or Covered Rating Agency Information, 
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in light of the circumstances under which they were made, not misleading and (y) after a Securitization, any indemnity obligations incurred by Lender or Servicer in connection with any Rating Agency Confirmation. 
(3)Borrower shall provide in connection with each of (i) a preliminary and a final private placement memorandum or (ii) a preliminary and final prospectus or prospectus supplement, as applicable, an agreement (A) certifying that Borrower has examined such Disclosure Documents specified by Lender and that each such Disclosure Document, as it relates to Borrower, Borrower Affiliates, the Property, Manager, Sponsor, Guarantor and all other aspects of the Loan, does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, (B) indemnifying Lender (and for purposes of this Section 11.2, Lender hereunder shall include its officers and directors), the Affiliate of Lender 
("Lender Affiliate") that has filed the registration statement relating to the Securitization (the 
"Registration Statement"), each of its directors, each of its officers who have signed the Registration Statement and each Person that controls the Affiliate within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (collectively, the "Lender Group"), and Lender Affiliate, and any other placement agent or underwriter with respect to the Securitization, each of their respective directors and each Person who controls Lender Affiliate or any other placement agent or underwriter within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act (collectively, the "Underwriter Group") for any Liabilities to which Lender, the Lender Group or the Underwriter Group may become subject insofar as the Liabilities arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in such sections or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated in such sections or necessary in order to make the statements in such sections, in light of the circumstances under which they were made, not misleading and (C) agreeing to reimburse Lender, the Lender Group and/or the Underwriter Group for any legal or other expenses reasonably incurred by Lender, the Lender Group and the Underwriter Group in connection with investigating or defending the Liabilities.  The indemnification provided for in clauses (B) and (C) above shall be effective whether or not the indemnification agreement described above is provided.  The aforesaid indemnity will be in addition to any liability which Borrower may otherwise have. 
(4)In connection with filings under Exchange Act and/or the Securities Act, Borrower shall (i) indemnify Lender, the Lender Group and the Underwriter Group for Liabilities to which Lender, the Lender Group or the Underwriter Group may become subject insofar as the Liabilities arise out of or are based upon the omission or alleged omission to state in the Disclosure Document a material fact required to be stated in the Disclosure Document in order to make the statements in the Disclosure Document, in light of the circumstances under which they were made, not misleading and (ii) reimburse Lender, the Lender Group or the Underwriter Group for any legal or other expenses reasonably incurred by Lender, the Lender Group or the Underwriter Group in connection with defending or investigating the Liabilities. 
(5)Promptly after receipt by an indemnified party under this Section 11.2 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 11.2, notify the indemnifying party in 
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writing of the commencement thereof (but the omission to so notify the indemnifying party will not relieve the indemnifying party from any liability which the indemnifying party may have to any indemnified party hereunder except to the extent that failure to notify causes prejudice to the indemnifying party).  In the event that any action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled, jointly with any other indemnifying party, to participate therein and, to the extent that it (or they) may elect by written notice delivered to the indemnified party promptly after receiving the aforesaid notice from such indemnified party, to assume the defense thereof with counsel satisfactory to such indemnified party.  After notice from the indemnifying party to such indemnified party under this Section 11.2, such indemnifying party shall pay for any legal or other expenses subsequently incurred by such indemnifying party in connection with the defense thereof; provided, however, if the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that there are any legal defenses available to it and/or other indemnified parties that are different from or additional to those available to the indemnifying party, the indemnified party or parties shall have the right to select separate counsel to assert such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party at the cost of the indemnifying party. 
(6)The liabilities and obligations of both Borrower and Lender under this Section 11.2 shall survive the termination of this Agreement and the satisfaction and discharge of the Debt.  Failure by Borrower and/or any Borrower Party to comply with the provisions of Section 11.1 and/or Section 11.2 within the timeframes specified therein and/or as otherwise required by Lender shall, at Lender's option, constitute a breach of the terms thereof and/or an Event of Default.  Borrower (on its own behalf and on behalf of each Borrower Party) hereby expressly authorizes and appoints Lender its attorney-in-fact to take any actions required of any Borrower Party under Sections 11.1, 11.2 and/or 11.6 in the event any Borrower Party fails to do the same, which power of attorney shall be irrevocable and shall be deemed to be coupled with an interest.  Notwithstanding anything to the contrary contained herein, (i) except as may otherwise expressly provided to the contrary in this Article 11, each Borrower Party shall bear its own cost of compliance with this Article (including, without limitation, the costs of any ongoing financial reporting or similar provisions contained herein) and (ii) to the extent that the timeframes for compliance with such ongoing financial reporting and similar provisions are shorter than the timeframes allowed for comparable reporting obligations under Section 4.12 hereof (if any), the timeframes under this Article 11 shall control. 
Section 11.3. Reserves/Escrows.  In the event that Securities are issued in connection with the Loan, all funds held by Lender in escrow or pursuant to reserves in accordance with this Agreement and the other Loan Documents shall be deposited in "eligible accounts" at "eligible institutions" and, to the extent applicable, invested in "permitted investments" as then defined and required by the Rating Agencies. 
Section 11.4. Servicer.  At the option of Lender, the Loan may be serviced by a servicer/special servicer/trustee selected by Lender (collectively, the "Servicer") and Lender may delegate all or any portion of its responsibilities under this Agreement and the other Loan 
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Documents to such Servicer pursuant to a servicing agreement between Lender and such Servicer. 
Section 11.5. Rating Agency Costs and REMIC Savings Clause.   
(1)In connection with any Rating Agency Confirmation or other Rating Agency consent, approval or review required hereunder (other than the initial review of the Loan by the Rating Agencies in connection with a Securitization, for which Borrower shall not be required to incur any costs, expenses or fees of the Rating Agencies), Borrower shall pay all of the costs and expenses of Lender, Servicer and each Rating Agency in connection therewith, and, if applicable, shall pay any customary fees imposed by any Rating Agency in connection therewith. 
(2)Notwithstanding anything to the contrary contained herein, if, in connection with any release of any portion of the Property constituting real property, a prepayment of the Debt (in whole or in part) is required under REMIC Requirements, Borrower shall make the applicable REMIC Payment (if any) as and when set forth herein (or, if not otherwise set forth herein, as and when required in order to satisfy REMIC Requirements).  Lender may require Borrower to deliver a REMIC Opinion in connection with each of the foregoing. 
Section 11.6. Mezzanine Option.  Lender shall have the option (the "Mezzanine Option") at any time to divide the Loan into two parts, a mortgage loan and a mezzanine loan, provided, that (i) the total loan amounts for such mortgage loan and such mezzanine loan shall equal the then outstanding amount of the Loan immediately prior to Lender's exercise of the Mezzanine Option, and (ii) the weighted average interest rate of such mortgage loan and mezzanine loan shall initially equal the Interest Rate.  Borrower shall, at Borrower's sole cost and expense, cooperate with Lender in Lender's exercise of the Mezzanine Option in good faith and in a timely manner, which such cooperation shall include, but not be limited to, (i) executing such amendments to the Loan Documents and Borrower or any SPE Component Entity's organizational documents as may be reasonably requested by Lender or requested by the Rating Agencies, (ii) creating one or more Single Purpose Entities (the "Mezzanine Borrower"), which such Mezzanine Borrower shall (A) own, directly or indirectly, 100% of the equity ownership interests in Borrower (the "Equity Collateral"), and (B) together with such constituent equity owners of such Mezzanine Borrower as may be designated by Lender, execute such agreements, instruments and other documents as may be required by Lender in connection with the mezzanine loan (including, without limitation, a promissory note evidencing the mezzanine loan and a pledge and security agreement pledging the Equity Collateral to Lender as security for the mezzanine loan); and (iii) delivering such opinions, title endorsements, UCC title insurance policies, documents and/or instruments relating to the Property Documents and other materials as may be required by Lender or the Rating Agencies. 
Section 11.7. Conversion to Registered Form.  At the request of Lender, Borrower shall appoint, as its agent, a registrar and transfer agent (the "Registrar") reasonably acceptable to Lender which shall maintain, subject to such reasonable regulations as it shall provide, such books and records as are necessary for the registration and transfer of the Note in a manner that shall cause the Note to be considered to be in registered form for purposes of Section 163(f) of the IRS Code.  The option to convert the Note into registered form once exercised may not be revoked.  Any agreement setting out the rights and obligation of the Registrar shall be subject to 
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the reasonable approval of Lender.  Borrower may revoke the appointment of any particular person as Registrar, effective upon the effectiveness of the appointment of a replacement Registrar.  The Registrar shall not be entitled to any fee from Borrower or Lender or any other lender in respect of transfers of the Note and other Loan Documents. 
ARTICLE 12 
 
INDEMNIFICATIONS 
Section 12.1. General Indemnification.  Borrower shall, at its sole cost and expense, protect, defend, indemnify, and hold harmless the Indemnified Parties from and against any and all Losses imposed upon or incurred by or asserted against any Indemnified Parties and directly or indirectly arising out of or in any way relating to any one or more of the following: (a) any accident, injury to or death of persons or loss of or damage to property occurring in, on or about the Property or any part thereof or on the adjoining sidewalks, curbs, adjacent property or adjacent parking areas, streets or ways; (b) any use, nonuse or condition in, on or about the Property or any part thereof or on the adjoining sidewalks, curbs, adjacent property or adjacent parking areas, streets or ways; (c) performance of any labor or services or the furnishing of any materials or other property in respect of the Property or any part thereof; (d) any failure of the Property to be in compliance with any applicable Legal Requirements; (e) any and all claims and demands whatsoever which may be asserted against Lender by reason of any alleged obligations or undertakings on its part to perform or discharge any of the terms, covenants, or agreements contained in any Lease, management agreement or any Property Document; (f) the payment of any commission, charge or brokerage fee to anyone (other than a broker or other agent retained by Lender) which may be payable in connection with the funding of the Loan evidenced by the Note and secured by the Security Instrument; and/or (g) the holding or investing of the funds on deposit in the Accounts or the performance of any work or the disbursement of funds in each case in connection with the Accounts.  Any amounts payable to Lender by reason of the application of this Section 12.1 shall become immediately due and payable and shall bear interest at the Default Rate from the date loss or damage is sustained by Lender until paid. 
Section 12.2. Mortgage and Intangible Tax Indemnification.  Borrower shall, at its sole cost and expense, protect, defend, indemnify, release and hold harmless the Indemnified Parties from and against any and all Losses imposed upon or incurred by or asserted against any Indemnified Parties and directly or indirectly arising out of or in any way relating to any tax on the making and/or recording of the Security Instrument, the Note or any of the other Loan Documents. 
Section 12.3. ERISA and FIRRMA Indemnification.  Borrower shall, at its sole cost and expense, protect, defend, indemnify, release and hold harmless the Indemnified Parties from and against any and all Losses (including, without limitation, reasonable attorneys' fees and costs incurred in the investigation, defense, and settlement of Losses incurred in correcting any prohibited transaction or in the sale of a prohibited loan, and in obtaining any individual prohibited transaction exemption under ERISA that may be required, in Lender's sole discretion) that Lender may incur, directly or indirectly, as a result of a default under Sections 3.7 or 4.19 of this Agreement. 
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Section 12.4. Duty to Defend, Legal Fees and Other Fees and Expenses.  Upon written request by any Indemnified Party, Borrower shall defend such Indemnified Party (if requested by any Indemnified Party, in the name of the Indemnified Party) by attorneys and other professionals approved by the Indemnified Parties.  Notwithstanding the foregoing, any Indemnified Parties may, in their sole discretion, engage their own attorneys and other professionals to defend or assist them, and, at the option of Indemnified Parties, their attorneys shall control the resolution of any claim or proceeding.  Upon demand, Borrower shall pay or, in the sole discretion of the Indemnified Parties, reimburse, the Indemnified Parties for the payment of reasonable fees and disbursements of attorneys, engineers, environmental consultants, laboratories and other professionals in connection therewith. 
Section 12.5. Survival.  The obligations and liabilities of Borrower under this Article 12 shall fully survive indefinitely notwithstanding any termination, satisfaction, assignment, entry of a judgment of foreclosure, exercise of any power of sale, or delivery of a deed in lieu of foreclosure of the Security Instrument. 
Section 12.6. Environmental Indemnity.  Simultaneously herewith, Borrower and Guarantor have executed and delivered the Environmental Indemnity to Lender, which Environmental Indemnity is not secured by the Security Instrument. 
ARTICLE 13 
 
EXCULPATION 
Section 13.1. Exculpation. 
(1)Subject to the qualifications below, Lender shall not enforce the liability and obligation of Borrower to perform and observe the obligations contained in the Note, this Agreement, the Security Instrument or the other Loan Documents by any action or proceeding wherein a money judgment or any deficiency judgment or other judgment establishing personal liability shall be sought against Borrower or any principal, director, officer, employee, beneficiary, shareholder, partner, member, trustee, agent, or Affiliate of Borrower or any legal representatives, successors or assigns of any of the foregoing (collectively, the "Exculpated Parties"), except that Lender may bring a foreclosure action, an action for specific performance or any other appropriate action or proceeding to enable Lender to enforce and realize upon its interest under the Note, this Agreement, the Security Instrument and the other Loan Documents, or in the Property, the Rents, or any other collateral given to Lender pursuant to the Loan Documents; provided, however, that, except as specifically provided herein, any judgment in any such action or proceeding shall be enforceable against Borrower only to the extent of Borrower's interest in the Property, in the Rents and in any other collateral given to Lender, and Lender, by accepting the Note, this Agreement, the Security Instrument and the other Loan Documents, shall not sue for, seek or demand any deficiency judgment against Borrower or any of the Exculpated Parties in any such action or proceeding under or by reason of or under or in connection with the Note, this Agreement, the Security Instrument or the other Loan Documents.  The provisions of this Section shall not, however, (1) constitute a waiver, release or impairment of any obligation evidenced or secured by any of the Loan Documents; (2) impair the right of Lender to name 
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Borrower as a party defendant in any action or suit for foreclosure and sale under the Security Instrument; (3) affect the validity or enforceability of the Guaranty and the Environmental Indemnity made in connection with the Loan or any of the rights and remedies of Lender thereunder (including, without limitation, Lender's right to enforce said rights and remedies against Borrower and/or Guarantor (as applicable) personally and without the effect of the exculpatory provisions of this Article 13); (4) impair the rights of Lender to obtain the appointment of a receiver; (5) impair the enforcement of the assignment of leases and rents contained in the Security Instrument and in any other Loan Documents; (6) intentionally deleted; (7) constitute a prohibition against Lender to seek a deficiency judgment against Borrower (but not Guarantor) in order to fully realize the security granted by the Security Instrument to the full extent of Borrower's interest in the Property and collateral for the Loan or to commence any other appropriate action or proceeding in order for Lender to exercise its remedies against the Property; or (8) constitute a waiver of the right of Lender to enforce the liability and obligation of Borrower, by money judgment or otherwise, to the extent of any Loss incurred by Lender (including attorneys' fees and costs reasonably incurred) arising out of or in connection with the following: 
(e)fraud or intentional material misrepresentation by any Borrower Party in connection with the Loan; 
(f)the gross negligence or willful misconduct of any Borrower Party in connection with the Loan, the Loan Documents or in connection with the Property; 
(g)any litigation or other legal proceeding related to the Debt filed by any Borrower Party, or any other intentional action or omission of any Borrower Party, in any such case which intentionally delays, obstructs, hinders or otherwise interferes with the efforts of Lender to exercise any lawful rights and remedies available to Lender as provided herein and in the other Loan Documents (other than compulsory counterclaims or defenses raised in good faith, so long as Borrower Party is successful in such action pursuant to a final non-appealable judgment by a court of competent jurisdiction); 
(h)material physical waste to the Property caused by the intentional acts or intentional omissions of any Borrower Party (to the extent there exists sufficient cash flow from the Property to avoid such waste) and/or the removal or disposal of any portion of the Property after an Event of Default; 
(i)the misapplication, misappropriation or conversion by any Borrower Party of (A) any insurance proceeds paid by reason of any loss, damage or destruction to the Property (or any portion thereof), (B) any Awards or other amounts received in connection with the Condemnation of all or a portion of the Property, (C) any Rents, (D) any Security Deposits or Rents collected in advance or (E) any other monetary collateral for the Loan (including, without limitation, any Reserve Funds and/or any portion thereof disbursed to (or at the direction of) Borrower); 
(j)failure to pay Taxes, charges for labor or materials or other charges that can create liens on any portion of the Property in accordance with the terms and provisions hereof (but only to the extent there exists sufficient cash flow from the 
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Property to do so, provided Borrower shall have provided Lender written notice of such insufficiency of cash flow in advance of the due date for such expenses); 
(k)failure to pay Insurance Premiums, to maintain the Policies in full force and effect and/or to provide Lender evidence of the same, in each case, as expressly provided herein (but only to the extent there exists sufficient cash flow from the Property to do so, provided Borrower shall have provided Lender written notice of such insufficiency of cash flow in advance of the due date for such expenses); 
(l)any Security Deposits which are not delivered to Lender within the timeframe required hereunder except to the extent any such Security Deposits were applied in accordance with the terms and conditions of any of the Leases prior to the occurrence of the applicable Event of Default.  For purposes of clarification, for a Security Deposit to be deemed "delivered to Lender" in connection with the foregoing, the same must be in the form of cash or in a letter of credit solely in Lender's name; 
(m)any tax on the making and/or recording of the Security Instrument, the Note or any of the other Loan Documents or any transfer or similar taxes (whether due upon the making of the same or upon Lender's exercise of its remedies under the Loan Documents), but excluding any income, franchise or other similar taxes; 
(n)any violation or breach of any applicable law mandating the forfeiture or seizure of the Property (or any portion thereof and/or interest therein); 
(o)any violation of Sections 11.1 or 11.6 hereof;  
(p)any indemnity obligations of Borrower to Lender under Article 11 or 12 of this Agreement;  
(q)Borrower fails to comply with any Cash Management Provisions as required by and in accordance with the terms and provisions of, this Agreement and the other Loan Documents; 
(r)any representation, warranty or covenant contained in Section 5.1 is violated or breached; 
(s)any violation or breach of the Property Document Provisions and/or any Property Document Event; and/or 
(t)Borrower’s previous ownership of the Prior Owned Property. 
(2)Notwithstanding anything to the contrary in this Agreement, the Note or any of the Loan Documents, (A) Lender shall not be deemed to have waived any right which Lender may have under Section 506(a), 506(b), 1111(b) or any other provisions of the Bankruptcy Code to file a claim for the full amount of the Debt or to require that all collateral shall continue to secure all of the Debt owing to Lender in accordance with the Loan Documents, and (B) the Debt shall be fully recourse to Borrower in the event that: (i) the first full monthly payment of principal and interest under the Note is not paid when due; (ii) any representation, warranty or 
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covenant contained in Section 5.1 is violated or breached and such violation or breach results in the substantive consolidation of Borrower with any other Person; (iii) Article 6 hereof is violated or breached; (iv) a Bankruptcy Event occurs, or (v) any Ground Lease is terminated, cancelled or otherwise ceases to exist (other than a Fee Acquisition where Borrower acquires the fee interest thereunder with Lender’s prior written consent and in accordance with the terms of this Agreement) or the Renewal Deadline occurs and Lender has not received evidence acceptable to Lender of the renewal of each applicable Ground Lease in accordance with its terms. 
ARTICLE 14 
 
NOTICES 
Section 14.1. Notices.  All notices or other written communications hereunder shall be deemed to have been properly given (a) upon delivery, if delivered in person or by facsimile transmission with receipt acknowledged by the recipient thereof and confirmed by telephone by sender, (b) one (1) Business Day after having been deposited for overnight delivery with any reputable overnight courier service, (c) three (3) Business Days after having been deposited in any post office or mail depository regularly maintained by the U.S.  Postal Service and sent by registered or certified mail, postage prepaid, return receipt requested, or (d) if transmitted by e-mail, (x) if such e-mail was sent prior to 5 P.M. EST on a Business Day, then on the date such e-mail was sent, provided that a hard copy of such e-mail (and any and all attachments) is delivered by hand or reputable overnight courier on the immediately succeeding Business Day, or (y) if such e-mail was sent on a day that is not a Business Day or after 5 P.M. EST on a Business Day, then on the Business Day immediately succeeding the date such e-mail was sent, provided that a hard copy of such e-mail (and any and all attachments) is delivered by hand or reputable overnight courier on the second Business Day immediately following the date on which such e-mail was sent; provided, however, that by written notice to Borrower, Lender shall have the unilateral right at any time to waive the hard copy requirement with respect to all notices sent via e-mail, in each case addressed as follows: 
									
	If to Borrower:	WHLR-JANAF, LLC 
WHLR-JANAF-BRAVO, LLC 
WHLR-JANAF-BJ'S, LLC 
WHLR-JANAF-OFFICE, LLC 
2529 Virginia Beach Boulevard 
Virginia Beach, Virginia  23452 
Attention:  M. Andrew Franklin 
Facsimile No.:  757.627.9081 
	

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	With a copy to:	Stuart A. Pleasants, Esq. 
Attorney and Counsellor at Law 
2529 Virginia Beach Boulevard 
Virginia Beach, Virginia  23452 
Facsimile No.:  757.627.9081 
	
	If to Lender:	Citi Real Estate Funding Inc. 
388 Greenwich Street, 6th Floor 
New York, New York  10013 
Attention :  Tracey Spiritus 
Facsimile No.:  646.328.2938 
	

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	With a copy to:	Midland Loan Services, a Division of PNC Bank, National Association 
P.O. Box 25965 
Shawnee Mission, KS 66225-5965 
Attention:  Executive Vice President - Division Head 
Facsimile No.:  (913) 253-9001 
 
or if by hand delivery: 
 
Midland Loan Services, a Division of PNC Bank, National 
Association 
10851 Mastin, Suite 300 
Overland Park, KS 66210 
Attention: Executive Vice President - Division Head 
 

	With a copy to:	Winstead PC 
1415 Vantage Park Drive 
Suite 450 
Charlotte, North Carolina  28203 Attention:  Sayer Nixon, Esq. 
Facsimile No.:  704.339.1701 

 
or addressed as such party may from time to time designate by written notice to the other parties. 
Either party by notice to the other may designate additional or different addresses for subsequent notices or communications. 
ARTICLE 15 
 
FURTHER ASSURANCES 
Section 15.1. Replacement Documents.  Upon receipt of an affidavit of an officer of Lender as to the loss, theft, destruction or mutilation of the Note, this Agreement or any of the other Loan Documents which is not of public record, and, in the case of any such mutilation, upon surrender and cancellation of the Note, this Agreement or such other Loan Document, Borrower will issue, in lieu thereof, a replacement thereof, dated the date of the Note, this Agreement or such other Loan Document, as applicable, in the same principal amount thereof and otherwise of like tenor. 
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Section 15.2. Recording of Security Instrument, etc.  Borrower forthwith upon the execution and delivery of the Security Instrument and thereafter, from time to time, will cause the Security Instrument and any of the other Loan Documents creating a lien or security interest or evidencing the lien hereof upon the Property and each instrument of further assurance to be filed, registered or recorded in such manner and in such places as may be required by any present or future law in order to publish notice of and fully to protect and perfect the lien or security interest hereof upon, and the interest of Lender in, the Property.  Borrower will pay all taxes, filing, registration or recording fees, and all expenses incident to the preparation, execution, acknowledgment and/or recording of the Note, the Security Instrument, this Agreement, the other Loan Documents, any note, deed of trust or mortgage supplemental hereto, any security instrument with respect to the Property and any instrument of further assurance, and any modification or amendment of the foregoing documents, and all federal, state, county and municipal taxes, duties, imposts, assessments and charges arising out of or in connection with the execution and delivery of the Security Instrument, any deed of trust or mortgage supplemental hereto, any security instrument with respect to the Property or any instrument of further assurance, and any modification or amendment of the foregoing documents, except where prohibited by applicable law so to do. 
Section 15.3. Further Acts, etc.  Borrower will, at the cost of Borrower, and without expense to Lender, do, execute, acknowledge and deliver all and every further acts, deeds, conveyances, deeds of trust, mortgages, assignments, notices of assignments, transfers and assurances as Lender shall, from time to time, reasonably require, for the better assuring, conveying, assigning, transferring, and confirming unto Lender the property and rights hereby mortgaged, deeded, granted, bargained, sold, conveyed, confirmed, pledged, assigned, warranted and transferred or intended now or hereafter so to be, or which Borrower may be or may hereafter become bound to convey or assign to Lender, or for carrying out the intention or facilitating the performance of the terms of this Agreement or for filing, registering or recording the Security Instrument, or for complying with all Legal Requirements.  Borrower, on demand, will execute and deliver, and in the event it shall fail to so execute and deliver, hereby authorizes Lender to execute in the name of Borrower or without the signature of Borrower to the extent Lender may lawfully do so, one or more financing statements to evidence more effectively the security interest of Lender in the Property.  Borrower grants to Lender an irrevocable power of attorney coupled with an interest for the purpose of exercising and perfecting any and all rights and remedies available to Lender at law and in equity, including without limitation, such rights and remedies available to Lender pursuant to this Section 15.3. 
Section 15.4. Changes in Tax, Debt, Credit and Documentary Stamp Laws. 
(1)If any law is enacted or adopted or amended after the date of this Agreement which deducts the Debt from the value of the Property for the purpose of taxation and which imposes a tax, either directly or indirectly, on the Debt or Lender's interest in the Property, Borrower will pay the tax, with interest and penalties thereon, if any.  If Lender is advised by counsel chosen by it that the payment of tax by Borrower would be unlawful or taxable to Lender or unenforceable or provide the basis for a defense of usury then Lender shall have the option by written notice of not less than ninety (90) days to declare the Debt immediately due and payable. 
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(2)Borrower will not claim or demand or be entitled to any credit or credits on account of the Debt for any part of the Taxes or Other Charges assessed against the Property, or any part thereof, and no deduction shall otherwise be made or claimed from the assessed value of the Property, or any part thereof, for real estate tax purposes by reason of the Security Instrument or the Debt.  If such claim, credit or deduction shall be required by applicable law, Lender shall have the option, by written notice of not less than ninety (90) days, to declare the Debt immediately due and payable. 
(3)If at any time the United States of America, any State thereof or any subdivision of any such State shall require revenue or other stamps to be affixed to the Note, the Security Instrument, or any of the other Loan Documents or impose any other tax or charge on the same, Borrower will pay for the same, with interest and penalties thereon, if any. 
ARTICLE 16 
 
WAIVERS 
Section 16.1. Remedies Cumulative; Waivers.  The rights, powers and remedies of Lender under this Agreement shall be cumulative and not exclusive of any other right, power or remedy which Lender may have against Borrower pursuant to this Agreement, the Security Instrument, the Note or the other Loan Documents, or existing at law or in equity or otherwise.  Lender's rights, powers and remedies may be pursued singularly, concurrently or otherwise, at such time and in such order as Lender may determine in Lender's sole discretion.  No delay or omission to exercise any remedy, right or power accruing upon an Event of Default shall impair any such remedy, right or power or shall be construed as a waiver thereof, but any such remedy, right or power may be exercised from time to time and as often as may be deemed expedient.  A waiver of one Default or Event of Default with respect to Borrower shall not be construed to be a waiver of any subsequent Default or Event of Default by Borrower or to impair any remedy, right or power consequent thereon. 
Section 16.2. Modification, Waiver in Writing.  No modification, amendment, extension, discharge, termination or waiver of any provision of this Agreement, the Security Instrument, the Note and the other Loan Documents, nor consent to any departure by Borrower therefrom, shall in any event be effective unless the same shall be in a writing signed by the party against whom enforcement is sought, and then such waiver or consent shall be effective only in the specific instance, and for the purpose, for which given.  Except as otherwise expressly provided herein, no notice to, or demand on Borrower, shall entitle Borrower to any other or future notice or demand in the same, similar or other circumstances. 
Section 16.3. Delay Not a Waiver.  Neither any failure nor any delay on the part of Lender in insisting upon strict performance of any term, condition, covenant or agreement, or exercising any right, power, remedy or privilege under this Agreement, the Security Instrument, the Note or the other Loan Documents, or any other instrument given as security therefor, shall operate as or constitute a waiver thereof, nor shall a single or partial exercise thereof preclude any other future exercise, or the exercise of any other right, power, remedy or privilege.  In particular, and not by way of limitation, by accepting payment after the due date of any amount 
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payable under this Agreement, the Security Instrument, the Note or the other Loan Documents, Lender shall not be deemed to have waived any right either to require prompt payment when due of all other amounts due under this Agreement, the Security Instrument, the Note and the other Loan Documents, or to declare a default for failure to effect prompt payment of any such other amount. 
Section 16.4. Waiver of Trial by Jury.  BORROWER AND LENDER, BY ACCEPTANCE OF THIS AGREEMENT, HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM, WHETHER IN CONTRACT, TORT OR OTHERWISE, RELATING DIRECTLY OR INDIRECTLY TO THE LOAN, THE APPLICATION FOR THE LOAN, THIS AGREEMENT, THE NOTE, THE SECURITY INSTRUMENT OR THE OTHER LOAN DOCUMENTS OR ANY ACTS OR OMISSIONS OF LENDER OR BORROWER. 
Section 16.5. Waiver of Notice.  Borrower shall not be entitled to any notices of any nature whatsoever from Lender except (a) with respect to matters for which this Agreement specifically and expressly provides for the giving of notice by Lender to Borrower and (b) with respect to matters for which Lender is required by applicable law to give notice, and Borrower hereby expressly waives the right to receive any notice from Lender with respect to any matter for which this Agreement does not specifically and expressly provide for the giving of notice by Lender to Borrower. 
Section 16.6. Remedies of Borrower.  In the event that a claim or adjudication is made that Lender or its agents have acted unreasonably or unreasonably delayed acting in any case where by applicable law or under this Agreement, the Security Instrument, the Note and the other Loan Documents, Lender or such agent, as the case may be, has an obligation to act reasonably or promptly, Borrower agrees that neither Lender nor its agents shall be liable for any monetary damages, and Borrower's sole remedies shall be limited to commencing an action seeking injunctive relief or declaratory judgment.  The parties hereto agree that any action or proceeding to determine whether Lender has acted reasonably shall be determined by an action seeking declaratory judgment.  Lender agrees that, in such event, it shall cooperate in expediting any action seeking injunctive relief or declaratory judgment. 
Section 16.7. Marshalling and Other Matters.  Borrower hereby waives, to the extent permitted by applicable Legal Requirements, the benefit of all appraisement, valuation, stay, extension, reinstatement and redemption laws now or hereafter in force and all rights of marshalling in the event of any sale under the Security Instrument of the Property or any part thereof or any interest therein.  Further, Borrower hereby expressly waives any and all rights of redemption from sale under any order or decree of foreclosure of the Security Instrument on behalf of Borrower, and on behalf of each and every person acquiring any interest in or title to the Property subsequent to the date of the Security Instrument and on behalf of all persons to the extent permitted by applicable Legal Requirements. 
Section 16.8. Waiver of Statute of Limitations.  To the extent permitted by applicable Legal Requirements, Borrower hereby expressly waives and releases to the fullest extent permitted by applicable Legal Requirements, the pleading of any statute of limitations as a 
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defense to payment of the Debt or performance of its obligations hereunder, under the Note, Security Instrument or other Loan Documents. 
Section 16.9. Waiver of Counterclaim.  Borrower hereby waives the right to assert a counterclaim, other than a compulsory counterclaim, in any action or proceeding brought against it by Lender or its agents. 
Section 16.10. Sole Discretion of Lender.  Wherever pursuant to this Agreement (a) Lender exercises any right given to it to approve or disapprove, (b) any arrangement or term is to be satisfactory to Lender, or (c) any other decision or determination is to be made by Lender, the decision to approve or disapprove all decisions that arrangements or terms are satisfactory or not satisfactory, and all other decisions and determinations made by Lender, shall be in the sole discretion of Lender, except as may be otherwise expressly and specifically provided herein. 
ARTICLE 17 
 
MISCELLANEOUS 
Section 17.1. Survival.  This Agreement and all covenants, agreements, representations and warranties made herein and in the certificates delivered pursuant hereto shall survive the making by Lender of the Loan and the execution and delivery to Lender of the Note, and shall continue in full force and effect so long as all or any of the Debt is outstanding and unpaid unless a longer period is expressly set forth in this Agreement, the Security Instrument, the Note or the other Loan Documents.  Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the legal representatives, successors and assigns of such party.  All covenants, promises and agreements in this Agreement, by or on behalf of Borrower, shall inure to the benefit of the legal representatives, successors and assigns of Lender. 
Section 17.2. Governing Law.  THIS AGREEMENT WAS NEGOTIATED IN THE STATE OF NEW YORK, THE LOAN WAS MADE BY LENDER AND ACCEPTED BY 
BORROWER IN THE STATE OF NEW YORK, AND THE PROCEEDS OF THE LOAN 
DELIVERED PURSUANT HERETO WERE DISBURSED FROM THE STATE OF NEW 
YORK,     WHICH     STATE     THE     PARTIES     AGREE     HAS     A     SUBSTANTIAL 
RELATIONSHIP TO THE PARTIES AND TO THE UNDERLYING TRANSACTION 
EMBODIED HEREBY, AND IN ALL RESPECTS, INCLUDING, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, MATTERS OF CONSTRUCTION, 
VALIDITY AND PERFORMANCE, THIS AGREEMENT, THE NOTE AND THE 
OTHER LOAN DOCUMENTS AND THE OBLIGATIONS ARISING HEREUNDER 
AND THEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED IN SUCH STATE (WITHOUT REGARD 
TO PRINCIPLES OF CONFLICTS OF LAWS) AND ANY APPLICABLE LAW OF THE 
UNITED STATES OF AMERICA, EXCEPT THAT AT ALL TIMES THE PROVISIONS FOR THE CREATION, PERFECTION, AND ENFORCEMENT OF THE LIENS AND 
SECURITY INTERESTS IN REAL PROPERTY (INCLUDING ALL IMPROVEMENTS AND FIXTURES THEREON) CREATED PURSUANT TO THE LOAN DOCUMENTS 
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SHALL BE GOVERNED BY AND CONSTRUED ACCORDING TO THE LAW OF THE 
STATE, IT BEING UNDERSTOOD THAT, TO THE FULLEST EXTENT PERMITTED BY THE LAW OF SUCH STATE, THE LAW OF THE STATE OF NEW YORK SHALL GOVERN THE CONSTRUCTION, VALIDITY AND ENFORCEABILITY OF ALL 
LOAN DOCUMENTS AND ALL OF THE OBLIGATIONS ARISING HEREUNDER OR THEREUNDER.  TO THE FULLEST EXTENT PERMITTED BY LAW, BORROWER HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVES ANY CLAIM TO 
ASSERT THAT THE LAW OF ANY OTHER JURISDICTION GOVERNS THIS AGREEMENT, THE NOTE AND THE OTHER LOAN DOCUMENTS, AND THIS AGREEMENT, THE NOTE AND THE OTHER LOAN DOCUMENTS SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE 
STATE OF NEW YORK PURSUANT TO SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 
ANY     LEGAL     SUIT,     ACTION     OR     PROCEEDING     AGAINST     LENDER     OR 
BORROWER ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS WILL, AT LENDER'S OPTION, BE INSTITUTED IN (OR, IF PREVIOUSLY INSTITUTED, MOVED TO) ANY FEDERAL OR STATE 
COURT DESIGNATED BY LENDER IN THE CITY OF NEW YORK, COUNTY OF 
NEW YORK.  BORROWER HEREBY (I) WAIVES ANY OBJECTIONS WHICH IT MAY NOW OR HEREAFTER HAVE BASED ON VENUE AND/OR FORUM NON 
CONVENIENS OF ANY SUCH SUIT, ACTION OR PROCEEDING AND (II) IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY SUCH COURT IN ANY SUIT, ACTION OR PROCEEDING.  BORROWER AND LENDER HEREBY ACKNOWLEDGE AND AGREE THAT THE FOREGOING AGREEMENT, WAIVER AND SUBMISSION ARE MADE PURSUANT TO SECTION 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW. 
BORROWER DOES HEREBY DESIGNATE AND APPOINT: 
Cogency Global Inc. 
Chanin Building 
122 E. 42nd St., 18th Floor New York, NY 10168 
 
AS ITS AUTHORIZED AGENT TO ACCEPT AND ACKNOWLEDGE ON ITS BEHALF SERVICE OF ANY AND ALL PROCESS WHICH MAY BE SERVED IN ANY SUCH 
SUIT, ACTION OR PROCEEDING IN ANY FEDERAL OR STATE COURT IN NEW YORK, NEW YORK, AND AGREES THAT SERVICE OF PROCESS UPON SAID 
AGENT AT SAID ADDRESS AND NOTICE OF SAID SERVICE MAILED OR 
DELIVERED TO BORROWER IN THE MANNER PROVIDED HEREIN SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON 
BORROWER IN ANY SUCH SUIT, ACTION OR PROCEEDING IN THE STATE OF 
NEW YORK.  BORROWER (I) SHALL GIVE PROMPT NOTICE TO LENDER OF ANY CHANGED ADDRESS OF ITS AUTHORIZED AGENT HEREUNDER, (II) MAY AT ANY TIME AND FROM TIME TO TIME DESIGNATE A SUBSTITUTE 
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AUTHORIZED AGENT WITH AN OFFICE IN NEW YORK, NEW YORK (WHICH 
SUBSTITUTE AGENT AND OFFICE SHALL BE DESIGNATED AS THE PERSON 
AND ADDRESS FOR SERVICE OF PROCESS), AND (III) SHALL PROMPTLY 
DESIGNATE SUCH A SUBSTITUTE IF ITS AUTHORIZED AGENT CEASES TO HAVE AN OFFICE IN NEW YORK, NEW YORK OR IS DISSOLVED WITHOUT LEAVING A SUCCESSOR. 
Section 17.3. Headings.  Notwithstanding anything to the contrary contained herein, (i) the Article and/or Section headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose and (ii) covenants contained in Articles and/or Sections hereof labeled or otherwise primarily containing representations (and vice versa) shall, in each case, be deemed fully effective hereunder and shall not be otherwise affected by virtue of the foregoing. 
Section 17.4. Severability.  Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable Legal Requirements, but if any provision of this Agreement shall be prohibited by or invalid under applicable Legal Requirements, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 
Section 17.5. Preferences.  Lender shall have the continuing and exclusive right to apply or reverse and reapply any and all payments by Borrower to any portion of the obligations of Borrower hereunder.  To the extent Borrower makes a payment or payments to Lender, which payment or proceeds or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party under any Creditors Rights Laws, state or federal law, common law or equitable cause, then, to the extent of such payment or proceeds received, the obligations hereunder or part thereof intended to be satisfied shall be revived and continue in full force and effect, as if such payment or proceeds had not been received by Lender. 
Section 17.6. Expenses.  Borrower covenants and agrees to pay its own costs and expenses and pay, or, if Borrower fails to pay, to reimburse, Lender, upon receipt of written notice from Lender, for Lender's reasonable costs and expenses (including reasonable, actual attorneys' fees and disbursements) in each case, incurred by Lender in accordance with this Agreement in connection with (i) the preparation, negotiation, execution and delivery of this Agreement, the Security Instrument, the Note and the other Loan Documents and the consummation of the transactions contemplated hereby and thereby and all the costs of furnishing all opinions by counsel for Borrower (including without limitation any opinions requested by Lender as to any legal matters arising under this Agreement, the Security Instrument, the Note and the other Loan Documents with respect to the Property); (ii) Borrower's ongoing performance of and compliance with Borrower's respective agreements and covenants contained in this Agreement, the Security Instrument, the Note and the other Loan Documents on its part to be performed or complied with after the Closing Date, including, without limitation, confirming compliance with environmental and insurance requirements; (iii) Lender's ongoing performance and compliance with all agreements and conditions contained in this Agreement, the 
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Security Instrument, the Note and the other Loan Documents on its part to be performed or complied with after the Closing Date (including, without limitation, those contained in Articles 8 and 9 hereof); (iv) the negotiation, preparation, execution, delivery and administration of any consents, amendments, waivers or other modifications to this Agreement, the Security Instrument, the Note and the other Loan Documents and any other documents or matters requested by Lender; (v) securing Borrower's compliance with any requests made pursuant to the provisions of this Agreement; (vi) the filing and recording fees and expenses, title insurance and reasonable fees and expenses of counsel for providing to Lender all required legal opinions, and other similar expenses incurred in creating and perfecting the lien in favor of Lender pursuant to this Agreement, the Security Instrument, the Note and the other Loan Documents; (vii) enforcing or preserving any rights, in response to third party claims or the prosecuting or defending of any action or proceeding or other litigation, in each case against, under or affecting Borrower, this Agreement, the Security Instrument, the Note, the other Loan Documents, the Property, or any other security given for the Loan; (viii) servicing the Loan (including, without limitation, enforcing any obligations of or collecting any payments due from Borrower under this Agreement, the Security Instrument, the Note and the other Loan Documents or with respect to the Property) or in connection with any refinancing or restructuring of the credit arrangements provided under this Agreement in the nature of a "work-out" or of any insolvency or bankruptcy proceedings; and (ix) the preparation, negotiation, execution, delivery, review, filing, recording or administration of any documentation associated with the exercise of any of Borrower's rights hereunder and/or under the other Loan Documents regardless of whether or not any such right is consummated (including, without limitation, Borrower's rights hereunder to defease the Loan and to permit or undertake transfers (including under Sections 6.3 and 6.4 hereof), in each case, in accordance with the applicable terms and conditions hereof); provided, however, that, with respect to each of subsections (i) through (ix) above, (A) none of the foregoing subsections shall be deemed to be mutually exclusive or limit any other subsection, (B) the same shall be deemed to (I) include, without limitation and in each case, any related special servicing fees, liquidation fees, modification fees, work-out fees and other similar costs or expenses payable to any Servicer, trustee and/or special servicer of the Loan (or any portion thereof and/or interest therein) and (II) exclude any requirement that Borrower directly pay the base monthly servicing fees due to any master servicer on account of the day to day, routine servicing of the Loan (provided, further, that the foregoing subsection (II) shall not be deemed to otherwise limit any fees, costs, expenses or other sums required to be paid to Lender under this Section, the other terms and conditions hereof and/or of the other Loan Documents) and (C) Borrower shall not be liable for the payment of any such costs and expenses to the extent the same arise by reason of the gross negligence, illegal acts, fraud or willful misconduct of Lender. 
Section 17.7. Cost of Enforcement.  In the event (a) that the Security Instrument is foreclosed in whole or in part, (b) of the bankruptcy, insolvency, rehabilitation or other similar proceeding in respect of Borrower or any of its constituent Persons or an assignment by Borrower or any of its constituent Persons for the benefit of its creditors, or (c) Lender exercises any of its other remedies under this Agreement, the Security Instrument, the Note and the other Loan Documents, Borrower shall be chargeable with and agrees to pay all costs of collection and defense, including attorneys' fees and costs, incurred by Lender or Borrower in connection therewith and in connection with any appellate proceeding or post judgment action involved therein, together with all required service or use taxes. 
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Section 17.8. Schedules Incorporated.  The Schedules annexed hereto are hereby incorporated herein as a part of this Agreement with the same effect as if set forth in the body hereof. 
Section 17.9. Offsets, Counterclaims and Defenses.  Any assignee of Lender's interest in and to this Agreement, the Security Instrument, the Note and the other Loan Documents shall take the same free and clear of all offsets, counterclaims or defenses which are unrelated to such documents which Borrower may otherwise have against any assignor of such documents, and no such unrelated counterclaim or defense shall be interposed or asserted by Borrower in any action or proceeding brought by any such assignee upon such documents and any such right to interpose or assert any such unrelated offset, counterclaim or defense in any such action or proceeding is hereby expressly waived by Borrower. 
Section 17.10. No Joint Venture or Partnership; No Third Party Beneficiaries. 
(1)Borrower and Lender intend that the relationships created under this Agreement, the Security Instrument, the Note and the other Loan Documents be solely that of borrower and lender.  Nothing herein or therein is intended to create a joint venture, partnership, tenancy-incommon, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in the Property other than that of mortgagee, beneficiary or lender. 
(2)This Agreement, the Security Instrument, the Note and the other Loan Documents are solely for the benefit of Lender and Borrower and nothing contained in this Agreement, the Security Instrument, the Note or the other Loan Documents shall be deemed to confer upon anyone other than Lender and Borrower any right to insist upon or to enforce the performance or observance of any of the obligations contained herein or therein.  All conditions to the obligations of Lender to make the Loan hereunder are imposed solely and exclusively for the benefit of Lender and no other Person shall have standing to require satisfaction of such conditions in accordance with their terms or be entitled to assume that Lender will refuse to make the Loan in the absence of strict compliance with any or all thereof and no other Person shall under any circumstances be deemed to be a beneficiary of such conditions, any or all of which may be freely waived in whole or in part by Lender if, in Lender's sole discretion, Lender deems it advisable or desirable to do so. 
(3)The general partners, members, principals and (if Borrower is a trust) beneficial owners of Borrower are experienced in the ownership and operation of properties similar to the Property, and Borrower and Lender are relying solely upon such expertise and business plan in connection with the ownership and operation of the Property.  Borrower is not relying on Lender's expertise, business acumen or advice in connection with the Property. 
(4)Notwithstanding anything to the contrary contained herein, Lender is not undertaking the performance of (i) any obligations related to the Property (including, without limitation, under the Leases); or (ii) any obligations with respect to any agreements, contracts, certificates, instruments, franchises, permits, trademarks, licenses and other documents to which any Borrower Party and/or the Property is subject. 
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(5)By accepting or approving anything required to be observed, performed or fulfilled or to be given to Lender pursuant to this Agreement, the Security Instrument, the Note or the other Loan Documents, including, without limitation, any officer's certificate, balance sheet, statement of profit and loss or other financial statement, survey, appraisal, or insurance policy, Lender shall not be deemed to have warranted, consented to, or affirmed the sufficiency, the legality or effectiveness of same, and such acceptance or approval thereof shall not constitute any warranty or affirmation with respect thereto by Lender. 
(6)Borrower recognizes and acknowledges that in accepting this Agreement, the Note, the Security Instrument and the other Loan Documents, Lender is expressly and primarily relying on the truth and accuracy of the representations and warranties set forth in Article 3 of this Agreement without any obligation to investigate the Property and notwithstanding any investigation of the Property by Lender; that such reliance existed on the part of Lender prior to the date hereof, that the warranties and representations are a material inducement to Lender in making the Loan; and that Lender would not be willing to make the Loan and accept this Agreement, the Note, the Security Instrument and the other Loan Documents in the absence of the warranties and representations as set forth in Article 3 of this Agreement. 
Section 17.11. Publicity.  All news releases, publicity or advertising by Borrower or its Affiliates through any media intended to reach the general public which refers to this Agreement, the Note, the Security Instrument or the other Loan Documents or the financing evidenced by this Agreement, the Note, the Security Instrument or the other Loan Documents, to Lender or any of its Affiliates shall be subject to the prior written approval of Lender, not to be unreasonably withheld.  Without limitation of any other term or provision hereof, nothing contained herein or in the other Loan Documents shall be deemed to restrict Lender and/or Servicer from disseminating (and Lender and/or Servicer shall be authorized to disseminate) to any Person any and all information it obtains in connection with the Loan as Lender and/or Servicer deems necessary or appropriate. 
Section 17.12. Limitation of Liability.  No claim may be made by Borrower, or any other Person against Lender or its Affiliates, directors, officers, employees, attorneys or agents of any of such Persons for any special, indirect, consequential or punitive damages in respect of any claim for breach of contract or any other theory of liability arising out of or related to the transactions contemplated by this Agreement or any act, omission or event occurring in connection therewith; and Borrower hereby waives, releases and agrees not to sue upon any claim for any such damages, whether or not accrued and whether or not known or suspected to exist in its favor. 
Section 17.13. Conflict; Construction of Documents; Reliance.  In the event of any conflict between the provisions of this Agreement and the Security Instrument, the Note or any of the other Loan Documents, the provisions of this Agreement shall control.  The parties hereto acknowledge that they were represented by competent counsel in connection with the negotiation, drafting and execution of this Agreement, the Note, the Security Instrument and the other Loan Documents and this Agreement, the Note, the Security Instrument and the other Loan Documents shall not be subject to the principle of construing their meaning against the party which drafted same.  Borrower acknowledges that, with respect to the Loan, Borrower shall rely 
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solely on its own judgment and advisors in entering into the Loan without relying in any manner on any statements, representations or recommendations of Lender or any parent, subsidiary or Affiliate of Lender.  Lender shall not be subject to any limitation whatsoever in the exercise of any rights or remedies available to it under this Agreement, the Note, the Security Instrument and the other Loan Documents or any other agreements or instruments which govern the Loan by virtue of the ownership by it or any parent, subsidiary or Affiliate of Lender of any equity interest any of them may acquire in Borrower, and Borrower hereby irrevocably waives the right to raise any defense or take any action on the basis of the foregoing with respect to Lender's exercise of any such rights or remedies.  Borrower acknowledges that Lender engages in the business of real estate financings and other real estate transactions and investments which may be viewed as adverse-to or competitive with the business of Borrower or its Affiliates. 
Section 17.14. Entire Agreement.  This Agreement, the Note, the Security Instrument and the other Loan Documents contain the entire agreement of the parties hereto and thereto in respect of the transactions contemplated hereby and thereby, and all prior agreements among or between such parties, whether oral or written between Borrower and Lender are superseded by the terms of this Agreement, the Note, the Security Instrument and the other Loan Documents. 
Section 17.15. Liability.  If Borrower consists of more than one Person, the obligations and liabilities of each such Person hereunder shall be joint and several.  This Agreement shall be binding upon and inure to the benefit of Borrower and Lender and their respective successors and assigns forever. 
Section 17.16. Duplicate Originals; Counterparts.  This Agreement may be executed in any number of duplicate originals and each duplicate original shall be deemed to be an original.  The failure of any party hereto to execute this Agreement, or any counterpart hereof, shall not relieve the other signatories from their obligations hereunder. 
Section 17.17. Brokers.  Borrower agrees (i) to pay any and all fees imposed or charged by all brokers, mortgage bankers and advisors (each a "Broker") hired or contracted by any Borrower Party or their Affiliates in connection with the transactions contemplated by this Agreement and (ii) to indemnify and hold Lender harmless from and against any and all claims, demands and liabilities for brokerage commissions, assignment fees, finder's fees or other compensation whatsoever arising from this Agreement or the making of the Loan which may be asserted against Lender by any Person.  The foregoing indemnity shall survive the termination of this Agreement and the payment of the Debt.  Borrower hereby represents and warrants that the only Broker engaged by any Borrower Party in connection with the transactions contemplated by this Agreement with respect hereto is Cushman & Wakefield.  Lender hereby agrees to pay any and all fees imposed or charged by any Broker hired solely by Lender.  Borrower acknowledges and agrees that (a) any Broker is not an agent of Lender and has no power or authority to bind Lender, (b) Lender is not responsible for any recommendations or advice given to any Borrower Party by any Broker, (c) Lender and the Borrower Parties have dealt at arms-length with each other in connection with the Loan, (d) no fiduciary or other special relationship exists or shall be deemed or construed to exist among Lender and the Borrower Parties and (e) none of the Borrower Parties shall be entitled to rely on any assurances or waivers given, or statements made or actions taken, by any Broker which purport to bind Lender or modify or otherwise affect this 
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Agreement or the Loan, unless Lender has, in its sole discretion, agreed in writing with any such Borrower Party to such assurances, waivers, statements, actions or modifications.  Borrower acknowledges and agrees that Lender may, in its sole discretion, pay fees or compensation to any Broker in connection with or arising out of the closing and funding of the Loan.  Such fees and compensation, if any, (i) shall be in addition to any fees which may be paid by any Borrower Party to such Broker and (ii) create a potential conflict of interest for Broker in its relationship with the Borrower Parties.  Such fees and compensation, if applicable, may include a direct, onetime payment, servicing fees and/or incentive payments based on volume and size of financings involving Lender and such Broker. 
Section 17.18. Set-Off.  In addition to any rights and remedies of Lender provided by this 
Agreement and by law, Lender shall have the right in its sole discretion, without prior notice to 
Borrower, any such notice being expressly waived by Borrower to the extent permitted by applicable law, upon any amount becoming due and payable by Borrower hereunder (whether at the stated maturity, by acceleration or otherwise), to set-off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by Lender or any Affiliate thereof to or for the credit or the account of Borrower; provided however, Lender may only exercise such right during the continuance of an Event of Default.  Lender agrees promptly to notify Borrower after any such set-off and application made by Lender; provided that the failure to give such notice shall not affect the validity of such setoff and application. 
Section 17.19. Unintended Payments.   
(1)If Citibank, N.A., Citi Real Estate Funding Inc., any Affiliate of the foregoing, or any agent thereof (including, without limitation, any Servicer or administrative agent acting on said Person's behalf) (individually and/or collectively, the "Payor Party") notifies Borrower, any Lender or any Person who has received funds on behalf of said Borrower or Lender (any such Borrower, Lender or other recipient, a "Payment Recipient") that the Payor Party has determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding clause (b)) that any funds received by such Payment Recipient from the Payor Party or any of its Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Borrower, Lender, or other Payment Recipient on its behalf)  (any such funds, whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an "Erroneous Payment") and demands the return of such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain the property of the Payor Party and shall be segregated by the Payment Recipient and held in trust for the benefit of the Payor Party, and such Borrower or Lender shall (or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two Business Days thereafter, return to the Payor Party the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to 
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the date such amount is repaid to the Payor Party in same day funds at the greater of the Federal Funds Rate and a rate determined by the Payor Party in accordance with banking industry rules on interbank compensation from time to time in effect. A notice of the Payor Party to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error. 
(2)Without limiting immediately preceding clause (a), each Lender or any Person who has received funds on behalf of a Lender, hereby further agrees that if it receives a payment, prepayment or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Payor Party (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a notice of payment, prepayment or repayment sent by the Payor Party (or any of its Affiliates) with respect to such payment, prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Payor Party (or any of its Affiliates), or (z) that such Lender or other such recipient, otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part) in each case: 
(u)(A) in the case of immediately preceding clauses (x) or (y), an error shall be presumed to have been made (absent written confirmation from the Payor Party to the contrary) or (B) an error has been made (in the case of immediately preceding clause (z)), in each case, with respect to such payment, prepayment or repayment; and 
(v)such Lender shall (and shall cause any other recipient that receives funds on its respective behalf to) promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Payor Party of its receipt of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the Payor pursuant to this Section 17.19(b). 
(3)Each Lender hereby authorizes the Payor Party to set off, net and apply any and all amounts at any time owing to such Lender under any Loan Document, or otherwise payable or distributable by the Payor Party to such Lender from any source, against any amount due to the Payor Party under immediately preceding clause (a) or under the indemnification provisions of this Agreement or any co-lender agreement entered into by and among any such Lender and any Payor Party. 
(4)Intentionally Omitted. 
(5)The parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any obligations pursuant to the Loan Documents by the Borrower, Guarantor, or any Affiliate thereof, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds received by the Payor Party from the Borrower for the purpose of making such Erroneous Payment. 
(6)To the extent permitted by applicable law, no Payment Recipient shall assert any right or claim to  an Erroneous Payment, and hereby waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or 
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counterclaim by the Payor Party for the return of any Erroneous Payment received, including without limitation waiver of any defense based on "discharge for value" or any similar doctrine. 
(7)Each party's obligations, agreements and waivers under this Section 17.19 shall survive the resignation or replacement of any Payor Party hereunder, any transfer of rights or obligations by, or the replacement of, a Lender and/or the repayment, satisfaction or discharge of the Debt and all other obligations (or any portion thereof) under any Loan Document. 
Section 17.20. Contributions and Waivers.   
(1)As a result of the transactions contemplated by this Agreement and the other Loan Documents, each Borrower will benefit, directly and indirectly, from each Borrower's obligation to pay the Debt and perform its obligations hereunder and under the other Loan Documents (collectively, the "Obligations") and in consideration therefore each Borrower desires to enter into an allocation and contribution agreement among themselves as set forth in this Section to allocate such benefits among themselves and to provide a fair and equitable agreement to make contributions among each of Borrowers in the event any payment is made by any individual Borrower hereunder to Lender (such payment being referred to herein as a "Contribution," and for purposes of this Section, includes any exercise of recourse by Lender against any Property of a Borrower and application of proceeds of such Property in satisfaction of such Borrower's obligations, to Lender under the Loan Documents). 
(2)Each Borrower shall be liable hereunder with respect to the Obligations only for such total maximum amount (if any) that would not render its Obligations hereunder or under any of the Loan Documents subject to avoidance under Section 548 of the Bankruptcy Code or any comparable provisions of applicable Legal Requirements. 
(3)In order to provide for a fair and equitable contribution among Borrowers in the event that any Contribution is made by an individual Borrower (a "Funding Borrower"), such Funding Borrower shall be entitled to a reimbursement Contribution ("Reimbursement Contribution") from all other Borrowers for all payments, damages and expenses incurred by that Funding Borrower in discharging any of the Obligations, in the manner and to the extent set forth in this Section. 
(4)For purposes hereof, the "Benefit Amount" of any individual Borrower as of any date of determination shall be the net value of the benefits to such Borrower and its Affiliates from extensions of credit made by Lender to (i) such Borrower and (ii) to the other Borrowers hereunder and the Loan Documents to the extent such other Borrowers have guaranteed or mortgaged their property to secure the Obligations of such Borrower to Lender. 
(5)Each Borrower shall be liable to a Funding Borrower in an amount equal to the greater of (i) the (A) ratio of the Benefit Amount of such Borrower to the total amount of Obligations, multiplied by (B) the amount of Obligations paid by such Funding Borrower, or (ii) ninety-five percent (95%) of the excess of the fair saleable value of the property of such Borrower over the total liabilities of such Borrower (including the maximum amount reasonably expected to become due in respect of contingent liabilities) determined as of the date on which the payment made by a Funding Borrower is deemed made for purposes hereof (giving effect to 
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all payments made by other Funding Borrowers as of such date in a manner to maximize the amount of such Contributions). 
(6)In the event that at any time there exists more than one Funding Borrower with respect to any Contribution (in any such case, the "Applicable Contribution"), then Reimbursement Contributions from other Borrowers pursuant hereto shall be allocated among such Funding Borrowers in proportion to the total amount of the Contribution made for or on account of the other Borrowers by each such Funding Borrower pursuant to the Applicable Contribution.  In the event that at any time any Borrower pays an amount hereunder in excess of the amount calculated pursuant to this Section above, that Borrower shall be deemed to be a Funding Borrower to the extent of such excess and shall be entitled to a Reimbursement Contribution from the other Borrowers in accordance with the provisions of this Section. 
(7)Each Borrower acknowledges that the right to Reimbursement Contribution hereunder shall constitute an asset in favor of Borrower to which such Reimbursement Contribution is owing. 
(8)No Reimbursement Contribution payments payable by a Borrower pursuant to the terms of this Section shall be paid until all amounts then due and payable by all of Borrowers to Lender, pursuant to the terms of the Loan Documents, are paid in full in cash.  Nothing contained in this Section shall limit or affect in any way the Obligations of any Borrower to Lender under the Loan Documents. 
(9)To the extent permitted by applicable Legal Requirements, each Borrower waives: 
(w)any right to require Lender to proceed against any other Borrower or any other Person or to proceed against or exhaust any security held by Lender at any time or to pursue any other remedy in Lender's power before proceeding against Borrower; 
(x)any defense based upon any legal disability or other defense of any other Borrower, any guarantor of any other Person or by reason of the cessation or limitation of the liability of any other Borrower or any guarantor from any cause other than full payment of all sums payable under the Loan Documents; 
(y)any defense based upon any lack of authority of the officers, directors, partners or agents acting or purporting to act on behalf of any other Borrower or any principal of any other Borrower or any defect in the formation of any other Borrower or any principal of any other Borrower; 
(z)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 any other respects more burdensome than that of a principal; 
(aa)any defense based upon any failure by Lender to obtain collateral for the indebtedness or failure by Lender to perfect a lien on any collateral; 
(ab)presentment, demand, protest and notice of any kind; 
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(ac)any defense based upon any failure of Lender to give notice of sale or other disposition of any collateral to any other Borrower or to any other Person or any defect in any notice that may be given in connection with any sale or disposition of any collateral; 
(ad)any defense based upon any failure of Lender to comply with applicable laws in connection with the sale or other disposition of any collateral, including any failure of Lender to conduct a commercially reasonable sale or other disposition of any collateral; 
(ae)any defense based upon any use of cash collateral under Section 363 of the Bankruptcy Code; 
(af)any defense based upon any agreement or stipulation entered into by Lender with respect to the provision of adequate protection in any bankruptcy proceeding; 
(ag)any defense based upon any borrowing or any grant of a security interest under Section 364 of the Bankruptcy Code; 
(ah)any defense based upon the avoidance of any security interest in favor of Lender for any reason; 
(ai)any defense based upon any bankruptcy, insolvency, reorganization, arrangement, readjustment of debt, liquidation or dissolution proceeding, including any discharge of, or bar or stay against collecting, all or any of the obligations evidenced by the Note or owing under any of the Loan Documents; 
(aj)any defense or benefit based upon Borrower's, or any other party's, resignation of the portion of any obligation secured by the Security Instrument to be satisfied by any payment from any other Borrower or any such party; 
(ak)all rights and defenses arising out of an election of remedies by Lender even though the election of remedies, such as non-judicial foreclosure with respect to security for the Loan or any other amounts owing under the Loan Documents, has destroyed Borrower's rights of subrogation and reimbursement against any other Borrower; and 
(al)all rights and defenses that Borrower may have because any of the Debt is secured by real property.  This means, among other things (subject to the other terms and conditions of the Loan Documents): (1) Lender may collect from Borrower without first foreclosing on any real or personal property collateral pledged by any other Borrower, and (2) if Lender forecloses on any real property collateral pledged by any other Borrower, (I) the amount of the Debt may be reduced only by the price for which that collateral is sold at the foreclosure sale, even if the collateral is worth more than the sale price and (II) Lender may collect from Borrower even if any other Borrower, by foreclosing on the real property collateral, has destroyed any right Borrower may have to 
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collect from any other Borrower.  This is an unconditional and irrevocable waiver of any rights and defenses Borrower may have because any of the Debt is secured by real property; and except as may be expressly and specifically permitted herein, any claim or other right which Borrower might now have or hereafter acquire against any other Borrower or any other Person that arises from the existence or performance of any obligations under the Loan Documents, including any of the following: (i) any right of subrogation, reimbursement, exoneration, contribution, or indemnification; or (ii) any right to participate in any claim or remedy of Lender against any other Borrower or any collateral security therefor, whether or not such claim, remedy or right arises in equity or under contract, statute or common law.  
(10)Each Borrower hereby restates and makes the waivers made by Guarantor in the Guaranty for the benefit of Lender.  Such waivers are hereby incorporated by reference as if fully set forth herein (and as if applicable to each Borrower) and shall be effective for all purposes under the Loan (including, without limitation, in the event that any Borrower is deemed to be a surety or guarantor of the Debt (by virtue of each Borrower being co-obligors and jointly and severally liable hereunder, by virtue of each Borrower encumbering its interest in the Property for the benefit or debts of the other Borrowers in connection herewith or otherwise)). 
[NO FURTHER TEXT ON THIS PAGE] 
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their duly authorized representatives, all as of the day and year first above written. 
BORROWER: 
 
[Signature pages sent separately] 
LENDER: 
 
[Signature pages sent separately] 
LOAN AGREEMENT – Signature Page
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