Document:

EX-4.3

 Exhibit 4.3 

2.396% SENIOR NOTES DUE 2025 

3.250% SENIOR NOTES DUE 2032 

4.150% SENIOR NOTES DUE 2052 

NINTH SUPPLEMENTAL INDENTURE 

among 
 APTIV PLC, 

as Issuer 
 APTIV CORPORATION, 

as Co-Obligor 

APTIV GLOBAL FINANCING LIMITED, 

as Guarantor 
 WILMINGTON TRUST,
NATIONAL ASSOCIATION, 
 as Trustee 

and 
 DEUTSCHE BANK TRUST COMPANY
AMERICAS, 
 as Registrar, Paying Agent and Authenticating Agent 

Dated as of February 18, 2022 

 TABLE OF CONTENTS 
  

							
		 		  	 	PAGE	 
	ARTICLE 1 	  

	 DEFINITIONS 
	  	 	1 	 
			
	 Section 1.01.
	 	Definition of Terms	  	 	1	 
	 Section 1.02.
	 	Other Definitions	  	 	6	 
	
	ARTICLE 2 	  

	 TERMS AND CONDITIONS OF THE NOTES 
	  	 	7 	 
			
	 Section 2.01.
	 	Terms of the Notes	  	 	7	 
	 Section 2.02.
	 	Execution and Authentication	  	 	11	 
	
	ARTICLE 3 	  

	 REDEMPTION OF THE NOTES 
	  	 	12	 
			
	 Section 3.01.
	 	Optional Redemption	  	 	12	 
	 Section 3.02.
	 	Tax Redemption	  	 	14	 
	 Section 3.03.
	 	Special Mandatory Redemption	  	 	15	 
	
	ARTICLE 4 	  

	 NOTE GUARANTEES 
	  	 	16	 
			
	 Section 4.01.
	 	Note Guarantees	  	 	16	 
	 Section 4.02.
	 	Future Guarantees	  	 	16	 
	 Section 4.03.
	 	Abandonment and Waiver Rights	  	 	16	 
	
	ARTICLE 5 	  

	 COVENANTS 
	  	 	16	 
			
	 Section 5.01.
	 	Limitation on Liens	  	 	16	 
	 Section 5.02.
	 	Limitation on Sale/Leaseback Transactions	  	 	19	 
	 Section 5.03.
	 	Payments of Additional Amounts	  	 	20	 
	 Section 5.04.
	 	Change of Control Triggering Event	  	 	22	 
	 Section 5.05.
	 	U.S. Federal Income Tax Treatment	  	 	24	 
	
	ARTICLE 6 	  

	 MERGER AND CONSOLIDATION 
	  	 	24	 
			
	 Section 6.01.
	 	Merger and Consolidation	  	 	24	 
	 Section 6.02.
	 	Successor Company	  	 	25	 
	
	ARTICLE 7 	  

	 EVENTS OF DEFAULT 
	  	 	25	 
			
	 Section 7.01.
	 	Events of Default	  	 	25	 
	 Section 7.02.
	 	Limitations on Suits	  	 	26	 

  
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	ARTICLE 8 	  

	 AMENDMENTS AND WAIVERS 
	  	 	26	 
			
	 Section 8.01.
	 	Without Consent of Holder	  	 	26	 
	
	ARTICLE 9 	  

	 MISCELLANEOUS 
	  	 	26	 
			
	 Section 9.01.
	 	Ratification of Base Indenture	  	 	26	 
	 Section 9.02.
	 	Governing Law; Submission to Jurisdiction	  	 	26	 
	 Section 9.03.
	 	Separability	  	 	27	 
	 Section 9.04.
	 	Counterparts	  	 	27	 
	 Section 9.05.
	 	Trustee Disclaimer	  	 	27	 
	 Section 9.06.
	 	Electronic Signatures	  	 	27	 

  

			
	 EXHIBITS
	 	
		
	 Exhibit A
	 	 Form of 2025 Note

	 Exhibit B
	 	 Form of 2032 Note

	 Exhibit C
	 	 Form of 2052 Note

  
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 NINTH SUPPLEMENTAL INDENTURE, dated as of February 18, 2022 (this “Ninth
Supplemental Indenture”), among Aptiv PLC, a public limited company formed under the laws of Jersey (the “Issuer”), Aptiv Corporation, a Delaware corporation (the
“Co-Obligor” and, together with the Issuer, the “Issuers”), Aptiv Global Financing Limited, an indirect subsidiary of the Issuer, Wilmington Trust, National Association, a
national banking association, as trustee (together with its successors and assigns in such capacity, the “Trustee”), and Deutsche Bank Trust Company Americas, a New York banking corporation, as Registrar, Paying Agent and
Authenticating Agent under the Senior Indenture, dated as of March 10, 2015, among the Issuer, the guarantors from time to time party thereto, Deutsche Bank Trust Company Americas, as Registrar, Paying Agent and Authenticating Agent, and the
Trustee (the “Base Indenture” and, together with this Ninth Supplemental Indenture, the “Indenture”). 

WHEREAS, the Issuer executed and delivered the Base Indenture to the Trustee to provide, among other things, for the future issuance of the
Issuer’s Notes to be issued from time to time in one or more series as might be determined by the Issuer under the Base Indenture, in an unlimited aggregate principal amount which may be authenticated and delivered as provided in the Indenture;

 WHEREAS, Section 2.03 of the Base Indenture provides for various matters with respect to any series of Notes issued under the Base
Indenture to be established in an indenture supplemental to the Base Indenture; 
 WHEREAS, Section 9.01 of the Base Indenture provides
for the Issuer and the Trustee to enter into a supplemental indenture to the Base Indenture to establish the form or terms of Notes of any series as permitted by Section 2.03 of the Base Indenture; 

WHEREAS, pursuant to the terms of the Base Indenture, the Issuers desire to provide for the establishment of three new series of Notes to be
known as their 2.396% Senior Notes due 2025 (the “2025 Notes”), their 3.250% Senior Notes due 2032 (the “2032 Notes”) and their 4.150% Senior Notes due 2052 (the “2052 Notes” and, together with the
2025 Notes and the 2032 Notes, the “Notes”), the form and substance of such Notes and the terms, provisions and conditions thereof to be set forth as provided in the Base Indenture and this Ninth Supplemental Indenture; and 

WHEREAS, the Issuers have requested that the Trustee execute and deliver this Ninth Supplemental Indenture and all requirements necessary to
make (i) this Ninth Supplemental Indenture a valid instrument in accordance with its terms, and (ii) the Notes, when executed by the Issuers and authenticated and delivered by the Authenticating Agent, the valid obligations of the Issuers,
have been performed, and the execution and delivery of this Ninth Supplemental Indenture has been duly authorized in all respects. 
 NOW
THEREFORE, in consideration of the purchase and acceptance of the Notes by the Holders thereof, and for the purpose of setting forth, as provided in the Base Indenture, the form 2025 Note, the form 2032 Note and the form 2052 Note, and substance of
the 2025 Notes, the 2032 Notes and the 2052 Notes, and the terms, provisions and conditions thereof, the Issuers and the Guarantor covenant and agree with the Trustee as follows: 

ARTICLE 1 
 DEFINITIONS 

Section 1.01. Definition of Terms. Unless the context otherwise requires: 

(a) a term defined in the Base Indenture has the same meaning when used in this Ninth Supplemental Indenture unless the definition of such
term is otherwise provided pursuant to this Ninth Supplemental Indenture, in which case the definition in this Ninth Supplemental Indenture shall govern solely with respect to the Notes; 

  
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 (b) a term defined anywhere in this Ninth Supplemental Indenture has the same meaning
throughout; 
 (c) the singular includes the plural and vice versa; 

(d) unless stated otherwise, a reference to a Section or Article is to a Section or Article in this Ninth Supplemental Indenture; 

(e) headings are for convenience of reference only and do not affect interpretation; and 

(f) the following terms have the meanings given to them in this Section 1.01(f): 

“Acquisition” means the acquisition by the Issuer of Wind River Systems, Inc. pursuant to that certain Agreement and Plan of
Merger dated as of January 10, 2022. 
 “Additional 2025 Notes” means additional 2025 Notes constituting part of the
same series as the 2025 Notes issued on the Issue Date having identical terms and conditions to the 2025 Notes, except with respect to issue date, issue price and interest prior to the first Interest Payment Date. 

“Additional 2032 Notes” means additional 2032 Notes constituting part of the same series as the 2032 Notes issued on the
Issue Date having identical terms and conditions to the 2032 Notes, except with respect to issue date, issue price and interest prior to the first Interest Payment Date. 

“Additional 2052 Notes” means additional 2052 Notes constituting part of the same series as the 2052 Notes issued on the
Issue Date having identical terms and conditions to the 2052 Notes, except with respect to issue date, issue price and interest prior to the first Interest Payment Date. 

“Attributable Debt” means, with respect to any Sale and Leaseback Transaction that does not result in a Capitalized Lease
Obligation, the present value (computed in accordance with GAAP) of the total obligations of the lessee for rental payments during the remaining term of the lease included in such Sale and Leaseback Transaction (including any period for which such
lease has been extended). In the case of any lease which is terminable by the lessee upon payment of a penalty, the Attributable Debt shall be the lesser of: 

(1) the Attributable Debt determined assuming termination upon the first date such lease may be terminated (in which case the
Attributable Debt shall also include the amount of the penalty, but no rent shall be considered as required to be paid under such lease subsequent to the first date upon which it may be so terminated); and 

(2) the Attributable Debt determined assuming no such termination. 

“Board of Directors” means the board of directors of either of the Issuers or any committee thereof duly authorized to act on
behalf of the board of directors of either of the Issuers. 
 “Business Day” means each day which is not a Legal Holiday.

  
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 “Capital Stock” of any Person means any and all shares, interests, rights
to purchase, warrants, options, participations or other equivalents of or interests in (however designated) equity of such Person, including any preferred stock, but excluding any debt securities convertible into such equity. 

“Capitalized Lease Obligations” means an obligation that is required to be classified and accounted for as a capitalized
lease for financial reporting purposes in accordance with GAAP, and the amount of Indebtedness represented by such obligation shall be the capitalized amount of such obligation determined in accordance with GAAP. 

“Cash Management Obligations” means obligations in respect of overdraft and related liabilities arising from treasury,
depositary and cash management services or any automated clearing house transfers of funds or participating in commercial (or purchasing) card programs. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Company” means Aptiv International Holdings (UK) LLP, a limited liability partnership organized under the laws of England
and Wales (and its successors). 
 “Consolidated Total Assets” means, at any time, the total consolidated assets of the
Company and its Subsidiaries, as shown on the most recent balance sheet of the Company at such time calculated on a pro forma basis to give effect to any acquisition or disposition of any Person or line of business after the date thereof. 

“Credit Agreement” means the Third Amended and Restated Credit Agreement, dated as of June 24, 2021, by and among the
Issuers, the Guarantor, the subsidiary borrowers from time to time party thereto, the several lenders and issuing banks from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (including, without limitation, any
guarantee agreements and security documents), in each case as such agreements may be further amended (including any amendment and restatement thereof), supplemented, extended or otherwise modified from time to time. 

“Credit Facilities” means (1) the Credit Agreement and (2) one or more debt facilities, indentures or other
agreements refinancing, replacing, amending, restating or supplementing (whether or not contemporaneously and whether or not related to the agreements specified above) or otherwise restructuring or increasing the amount of available borrowings or
other credit extensions under or making Subsidiaries of the Company a borrower, additional borrower or guarantor under, all or any portion of the Indebtedness under such agreement or any successor, replacement or supplemental agreement and whether
including any additional obligors or with the same or any other agent, lender or group of lenders or with other financial institutions or lenders. 

“Domestic Subsidiary” means any Subsidiary that was formed under the laws of the United States, any state of the United
States or the District of Columbia. 
 “Equity Interests” means Capital Stock and all warrants, options or other rights to
acquire Capital Stock, but excluding any debt security that is convertible into, or exchangeable for, Capital Stock. 

“GAAP” means generally accepted accounting principles in the United States of America as in effect as of the Issue Date set
forth in: 
 (1) the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified
Public Accountants, 

  
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 (2) statements and pronouncements of the Financial Accounting Standards
Board, 
 (3) such other statements by such other entities as approved by a significant segment of the accounting profession,
and 
 (4) the rules and regulations of the SEC governing the inclusion of financial statements (including pro forma
financial statements) in periodic reports required to be filed pursuant to Section 13 of the Exchange Act, including opinions and pronouncements in staff accounting bulletins and similar written statements from the accounting staff of the SEC.

 Notwithstanding the foregoing, any lease of the Company or its Subsidiaries that would have been classified and accounted for as an
operating lease under GAAP prior to the change in GAAP pursuant to the Financial Accounting Standards Board’s Accounting Standards Update Topic 842 shall be treated as an operating lease for purposes of the Indenture. 

“Guarantor” means Aptiv Global Financing Limited and any Person that provides a Note Guarantee under the Indenture. 

“Indebtedness” means the principal of and premium (if any) in respect of indebtedness of such Person for borrowed money. 

Notwithstanding the foregoing, (i) in connection with the purchase by the Company or any Subsidiary of any business, the term
“Indebtedness” will exclude bona fide post-closing payment adjustments to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet or such payment depends on the performance of such
business after the closing; provided, however, that, at the time of closing, the amount of any such payment is not determinable and, to the extent such payment thereafter becomes fixed and determined, the amount is paid within 30 days
thereafter and (ii) Cash Management Obligations and other obligations in respect of card obligations, netting services, overdraft protections, cash management services and similar arrangements shall not constitute Indebtedness. 

The amount of Indebtedness of any Person at any date shall be the outstanding balance at such date of all unconditional obligations as
described above; provided, however, that in the case of Indebtedness sold at a discount, the amount of such Indebtedness at any time will be the accreted value thereof at such time. 

“interest” means, with respect to the Notes, interest on the Notes and any Additional Amounts in respect thereof. 

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s or BBB- (or the equivalent) by Standard & Poor’s, or if Moody’s or Standard & Poor’s shall cease to provide a rating of the Notes, an equivalent rating by any other Ratings Agency. 

“Issue Date” means February 18, 2022. 

“Lien” means any mortgage, pledge, security interest, encumbrance, lien or charge in the nature of an encumbrance of any kind
(including any conditional sale or other title retention agreement or lease in the nature thereof); provided that any obligation in respect of an operating lease shall not be deemed a lien. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor to its rating business. 

  
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 “Note Guarantee” means each guarantee of the obligations with respect to
the Notes issued by a Guarantor pursuant to the terms of the Indenture. 
 “Officer” means the Chairman of the Board, the
Chief Executive Officer, the Chief Financial Officer, the President, any Vice President, the Treasurer or the Secretary of either of the Issuers. “Officer” of the Guarantor has a correlative meaning. 

“Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an
employee of or counsel to the Issuers or the Guarantor. 
 “principal”, (i) with respect to the 2025 Notes, means the
principal of the 2025 Notes plus the premium, if any, payable on the 2025 Notes which is due or overdue or is to become due at the relevant time and any Additional Amounts in respect thereof, (ii) with respect to the 2032 Notes, means the
principal of the 2032 Notes plus the premium, if any, payable on the 2032 Notes which is due or overdue or is to become due at the relevant time and any Additional Amounts in respect thereof and (iii) with respect to the 2052 Notes, means the
principal of the 2052 Notes plus the premium, if any, payable on the 2052 Notes which is due or overdue or is to become due at the relevant time and any Additional Amounts in respect thereof. 

“Principal Property” means any manufacturing or production plant located in the United States of America (including fixtures
but excluding leases and other contract rights which might otherwise be deemed real property) owned by the Company or any Restricted Subsidiary, whether owned on the date hereof or thereafter, provided each such plant has a net book value at
the date as of which the determination is being made of in excess of 1% of the Consolidated Total Assets of the Company and its Subsidiaries, other than any such plant which, in the opinion of the Board of Directors (evidenced by a certified board
resolution thereof delivered to the Trustee), is not of material importance to the business conducted by the Company and its Subsidiaries taken as a whole. 

“Ratings Agency” means (a) Standard & Poor’s and Moody’s or (b) if Standard &
Poor’s or Moody’s or either or both of them shall not make a rating on the Notes of the applicable series publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company (as
certified by a resolution of the Board of Directors) which shall be substituted for Standard & Poor’s or Moody’s or either or both of them, as the case may be. 

“Refinance” means, in respect of any Indebtedness, to refinance, extend, renew, refund, repay, prepay, redeem, defease or
retire, or to issue other Indebtedness in exchange or replacement for, such Indebtedness, including, in any such case from time to time, after the discharge of the Indebtedness being Refinanced. “Refinanced” and
“Refinancing” shall have correlative meanings. 
 “Refinancing Indebtedness” means Indebtedness that is
incurred to Refinance (including pursuant to any defeasance or discharge mechanism) any Indebtedness of the Company or any Subsidiary existing on the Issue Date or incurred in compliance with the Indenture (including Indebtedness that Refinances
Refinancing Indebtedness); provided, however, that such Refinancing Indebtedness is incurred in an aggregate principal amount (or if incurred with original issue discount, an aggregate issue price) that is equal to or less than the
aggregate principal amount of the Indebtedness being refinanced (or if issued with original issue discount, the aggregate accreted value) then outstanding (or that would be outstanding if the entire committed amount of any credit facility being
Refinanced were fully drawn) (plus fees and expenses, including any premium and defeasance costs and accrued interest). 

“Restricted Subsidiary” means any Domestic Subsidiary of the Company that directly owns any Principal Property. 

  
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 “Sale and Leaseback Transaction” means an arrangement relating to property,
plant or equipment now owned or hereafter acquired by the Company or a Restricted Subsidiary whereby the Company or a Restricted Subsidiary transfers such property to a Person and the Company or such Restricted Subsidiary leases it from such Person,
other than (i) leases between the Company and a Subsidiary or between Subsidiaries or (ii) any such transaction entered into with respect to any property, plant or equipment or any improvements thereto at the time of, or within 180 days
after, the acquisition or completion of construction of such property, plant or equipment or such improvements (or, if later, the commencement of commercial operation of any such property, plant or equipment), as the case may be, to finance the cost
of such property, plant or equipment or such improvements, as the case may be. 
 “Significant Subsidiary” means any
Restricted Subsidiary that would be a “Significant Subsidiary” of the Company within the meaning of Rule 1-02(w)(1) or (2) under Regulation S-X
promulgated by the SEC as in effect on the Issue Date. 
 “Standard & Poor’s” means
Standard & Poor’s Ratings Services, a division of S&P Global Inc., and any successor to its rating business. 

“Subsidiary” of any Person means any corporation, association, partnership or other business entity of which more than 50% of
the total voting power of shares of Capital Stock or other interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time
owned or controlled, directly or indirectly, by: 
 (1) such Person, 

(2) such Person and one or more Subsidiaries of such Person or 

(3) one or more Subsidiaries of such Person. 

Unless otherwise specified herein or context otherwise requires, all references to any Subsidiary shall be to a Subsidiary of the Company.

 “U.S. Government Obligations” means direct obligations (or certificates representing an ownership interest in such
obligations) of the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of America is pledged and which are not callable or redeemable at the
Issuers’ option. 
 “Voting Stock” of a Person means all classes of Capital Stock or other interests (including
partnership interests) of such Person then outstanding and normally entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof. 

Section 1.02. Other Definitions. 
  

					
	 Term
	  	Defined in Section	 
	 Additional Amounts
	  	 	5.03	 
	 Base Indenture
	  	 	Preamble	 
	 Calculation Date
	  	 	3.01	(a) 
	 Change in Tax Law
	  	 	3.02	 
	 Change of Control
	  	 	5.04	 
	 Change of Control Offer
	  	 	5.04	 

  
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	 Term
	  	Defined in Section
	 Change of Control Triggering Event
	  	5.04
	 Comparable Treasury Issue
	  	3.01
	 Comparable Treasury Price
	  	3.01
	 Co-Obligor
	  	Preamble
	 DTC
	  	2.01
	 Event of Default
	  	7.01
	 Executed Documentation
	  	9.06
	 Global Note
	  	2.01
	 Indenture
	  	Preamble
	 Independent Investment Banker
	  	3.01
	 Initial Lien
	  	5.01
	 Interest Payment Date
	  	2.01
	 Issuer
	  	Preamble
	 Issuers
	  	Preamble
	 Ninth Supplemental Indenture
	  	Preamble
	 Par Call Date
	  	3.01(c)
	 Permitted Liens
	  	5.01
	 Primary Treasury Dealer
	  	3.01
	 Reference Treasury Dealer
	  	3.01
	 Reference Treasury Dealer Quotations
	  	3.01
	 Relevant Jurisdiction
	  	5.03
	 Remaining Life
	  	3.01(e)
	 Special Mandatory Redemption
	  	3.03(a)
	 Special Mandatory Redemption Date
	  	3.03(b)
	 Special Mandatory Redemption Price
	  	3.03 (a)
	 Successor Company
	  	6.01
	 Successor Co-Obligor
	  	6.01
	 Tax Redemption Date
	  	3.02
	 Taxes
	  	5.03
	 Treasury Rate
	  	3.01
	 Trigger Period
	  	5.04
	 Trustee
	  	Preamble
	 2025 Notes
	  	Preamble
	 2025 Notes Par Call Date
	  	3.01(a)
	 2032 Notes
	  	Preamble
	 2032 Notes Par Call Date
	  	3.01(b)
	 2052 Notes
	  	Preamble
	 2052 Notes Par Call Date
	  	3.01(c)

 ARTICLE 2 

TERMS AND CONDITIONS OF THE NOTES 

Section 2.01. Terms of the Notes. The following terms relating to the Notes are hereby established: 

(a) Designation, Maturity and Principal Amount. There is hereby authorized (i) a series of Notes designated the “2.396%
Senior Notes due 2025” initially offered in the aggregate principal amount of $700,000,000, which amount shall be as set forth in an Authentication Order for the authentication and delivery of such 2025 Notes pursuant to Section 2.02 of
the Base Indenture, (ii) a series of Notes 

  
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designated the “3.250% Senior Notes due 2032” initially offered in the aggregate principal amount of $800,000,000, which amount shall be as set forth in an Authentication Order for the
authentication and delivery of such 2032 Notes pursuant to Section 2.02 of the Base Indenture and (iii) a series of Notes designated the “4.150% Senior Notes due 2052” initially offered in the aggregate principal amount of
$1,000,000,000, which amount shall be as set forth in an Authentication Order for the authentication and delivery of such 2052 Notes pursuant to Section 2.02 of the Base Indenture. 

(b) Form of the Notes. 

(i) The 2025 Notes are to be substantially in the form of Exhibit A hereto. The 2025 Notes shall be
numbered, lettered, or otherwise distinguished in such manner or in accordance with such plans as the Officer(s) of the Issuers executing the same may determine with the approval of the Trustee. 

(ii) The 2032 Notes are to be substantially in the form of Exhibit B hereto. The 2032 Notes shall be
numbered, lettered, or otherwise distinguished in such manner or in accordance with such plans as the Officer(s) of the Issuers executing the same may determine with the approval of the Trustee. 

(iii) The 2052 Notes are to be substantially in the form of Exhibit C hereto. The 2052 Notes shall be
numbered, lettered, or otherwise distinguished in such manner or in accordance with such plans as the Officer(s) of the Issuers executing the same may determine with the approval of the Trustee. 

(c) Note Guarantees. The Notes of each series shall have the benefit of the Note Guarantees by the Guarantor executing this Ninth
Supplemental Indenture and future Guarantors pursuant to Section 4.02 hereof. 
 (d) Additional Notes. 

(i) The Issuers may, without notice to or the consent of the Holders of the 2025 Notes, issue Additional 2025 Notes having
identical terms and conditions as the 2025 Notes, except for the issue date, issue price and first Interest Payment Date, in an unlimited aggregate principal amount. Any such Additional 2025 Notes will be part of the same series as the 2025 Notes,
and will be treated as one class with such series of 2025 Notes, including, without limitation, for purposes of voting and redemptions; provided, however, that if such Additional 2025 Notes are not fungible with the other 2025 Notes
for U.S. federal income tax purposes, such Additional 2025 Notes shall not have the same “ISIN” or “CUSIP” number or other applicable identification number as the other 2025 Notes (it being understood that, as described in
Section 5.05, any Additional 2025 Notes that have a different allocation than the initial allocation with respect to the outstanding 2025 Notes shall not be considered as not fungible for U.S. federal income tax purposes under this proviso
solely as a result of such difference in allocation). 
 (ii) The Issuers may, without notice to or the consent of the
Holders of the 2032 Notes, issue Additional 2032 Notes having identical terms and conditions as the 2032 Notes, except for the issue date, issue price and first Interest Payment Date, in an unlimited aggregate principal amount. Any such Additional
2032 Notes will be part of the same series as the 2032 Notes, and will be treated as one class with such series of 2032 Notes, including, without limitation, for purposes of voting and redemptions; provided, however, that if such
Additional 2032 Notes are not fungible with the other 2032 Notes for U.S. federal income tax purposes, such Additional 2032 Notes shall not have the same “ISIN” or “CUSIP” number or other applicable

  
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identification number as the other 2032 Notes (it being understood that, as described in Section 5.05, any Additional Notes that have a different allocation than the initial allocation with
respect to the outstanding Notes shall not be considered as not fungible for U.S. federal income tax purposes under this proviso solely as a result of such difference in allocation). 

(iii) The Issuers may, without notice to or the consent of the Holders of the 2052 Notes, issue Additional 2052 Notes having
identical terms and conditions as the 2052 Notes, except for the issue date, issue price and first Interest Payment Date, in an unlimited aggregate principal amount. Any such Additional 2052 Notes will be part of the same series as the 2052 Notes,
and will be treated as one class with such series of 2052 Notes, including, without limitation, for purposes of voting and redemptions; provided, however, that if such Additional 2052 Notes are not fungible with the other 2052 Notes
for U.S. federal income tax purposes, such Additional 2052 Notes shall not have the same “ISIN” or “CUSIP” number or other applicable identification number as the other 2052 Notes (it being understood that, as described in
Section 5.05, any Additional Notes that have a different allocation than the initial allocation with respect to the outstanding Notes shall not be considered as not fungible for U.S. federal income tax purposes under this proviso solely as a
result of such difference in allocation). 
 (e) Principal Payment. (i) The 2025 Notes will mature on February 18, 2025,
(ii) the 2032 Notes will mature on March 1, 2032 and (iii) the 2052 Notes will mature on May 1, 2052. 
 (f) Interest
Rate; Interest Payment Date; Computation of Interest. 
 (i) The 2025 Notes. 

(A) The 2025 Notes will bear interest at the rate of 2.396% per annum from the most recent Interest Payment Date (as defined
below) to which interest has been paid or duly provided for or, if no interest has been paid, from the Issue Date (or, in the case of Additional 2025 Notes, from date of issuance thereof) until the principal thereof becomes due and payable. The
amount of interest payable for any period will be computed on the basis of a 360-day year comprised of twelve 30-day months. 

(B) Interest on the 2025 Notes is payable semi-annually in arrears on February 18 and August 18 of each year (each,
an “Interest Payment Date”), commencing on August 18, 2022 (or such later first Interest Payment Date, in the case of Additional 2025 Notes), to the Person in whose name such 2025 Note is registered, at the close of business on
the Regular Record Date for such interest installment, which shall be the close of business on February 3 or August 3 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date, and at the
foregoing respective rates on overdue principal. In the event that any Interest Payment Date is not a Business Day, then payment of the interest payable on such Interest Payment Date will be made on the next succeeding day which is a Business Day
(and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the Interest Payment Date such payment was originally payable. 

(ii) The 2032 Notes. 

(A) The 2032 Notes will bear interest at the rate of 3.250% per annum from the most recent Interest Payment Date (as defined
below) to which interest has been paid or duly provided for or, if no interest has been paid, from the Issue Date (or, in the case of Additional 2032 Notes, from date of issuance thereof) until the principal thereof becomes due and payable. The
amount of interest payable for any period will be computed on the basis of a 360-day year comprised of twelve 30-day months. 

  
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 (B) Interest on the 2032 Notes is payable semi-annually in arrears on
March 1 and September 1 of each year (each, an “Interest Payment Date”), commencing on September 1, 2022 (or such later first Interest Payment Date, in the case of Additional 2032 Notes), to the Person in whose name
such 2032 Note is registered, at the close of business on the Regular Record Date for such interest installment, which shall be the close of business on February 15 or August 15 (whether or not a Business Day), as the case may be,
immediately preceding such Interest Payment Date, and at the foregoing respective rates on overdue principal. In the event that any Interest Payment Date is not a Business Day, then payment of the interest payable on such Interest Payment Date will
be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the Interest Payment Date such payment was originally payable 

(iii) The 2052 Notes. 

(A) The 2052 Notes will bear interest at the rate of 4.150% per annum from the most recent Interest Payment Date (as defined
below) to which interest has been paid or duly provided for or, if no interest has been paid, from the Issue Date (or, in the case of Additional 2052 Notes, from date of issuance thereof) until the principal thereof becomes due and payable. The
amount of interest payable for any period will be computed on the basis of a 360-day year comprised of twelve 30-day months. 

(B) Interest on the 2052 Notes is payable semi-annually in arrears on May 1 and November 1 of each year (each, an
“Interest Payment Date”), commencing on May 1, 2022 (or such later first Interest Payment Date, in the case of Additional 2052 Notes), to the Person in whose name such 2052 Note is registered, at the close of business on the
Regular Record Date for such interest installment, which shall be the close of business on April 15 or October 15 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date, and at the foregoing
respective rates on overdue principal. In the event that any Interest Payment Date is not a Business Day, then payment of the interest payable on such Interest Payment Date will be made on the next succeeding day which is a Business Day (and without
any interest or other payment in respect of any such delay) with the same force and effect as if made on the Interest Payment Date such payment was originally payable. 

(g) Place of Payment of Principal and Interest. Section 4.02 of the Base Indenture shall apply to the Notes of each series. 

(h) Optional Redemption. The Notes of each series shall be redeemable as specified in Article 3 of this Ninth Supplemental Indenture
and Article 3 of the Base Indenture. 
 (i) Mandatory Redemption. Except as set forth in Section 5.04 hereof, the Issuers shall
not be required to make mandatory redemption or sinking fund payments with respect to the Notes of each series. 
 (j) Denominations.
The Notes of each series shall be issuable only in registered form, without coupons, in minimum denominations of $2,000 and integral multiples of $1,000 in excess of thereof. 

  
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 (k) Acceleration. 100% of the principal amount of the Notes of the applicable series
shall be payable upon declaration of acceleration of the Stated Maturity thereof. 
 (l) Currency of the Notes. The Notes of each
series shall be denominated, and payment of principal and interest of the Notes of each series shall be payable in the currency of the United States of America. 

(m) Currency of Payment. The principal of and interest on the Notes of each series shall be payable in U.S. dollars. 

(n) Exchange or Conversion. The Notes of each series shall not be exchangeable for or convertible into the ordinary shares of the
Issuers or any other security. 
 (o) Additional Amounts. The Issuers will pay any additional amounts on the Notes of each series as
set forth in Section 5.03. 
 (p) Global Form; Definitive Form. The 2025 Notes, the 2032 Notes and the 2052 Notes shall each be
issued initially in the form of one or more permanent Global Notes in registered form, without coupons, substantially in the form herein below recited (each, a “Global Note” and collectively, the “Global Notes”),
deposited with the Registrar, as custodian for the Depositary, duly executed by the Issuers and authenticated by the Authenticating Agent as herein provided. The 2025 Notes, the 2032 Notes and the 2052 Notes may each be issued in definitive form
pursuant to the terms of the Base Indenture. The aggregate principal amount of each Global Note may from time to time be increased or decreased by adjustments made on the records of the Registrar as provided in Section 2.01(b) of the Base
Indenture. 
 (q) Trustee; Registrar; Paying Agent; Authenticating Agent. Wilmington Trust, National Association
shall initially act as Trustee. Deutsche Bank Trust Company Americas, a New York banking corporation, shall initially act as Registrar, Paying Agent and Authenticating Agent for each series of Notes. 

(r) Defeasance. Article 8 of the Base Indenture shall apply to the Notes of each series. 

(s) Depositary. The Depositary for any Notes issued as Global Notes shall initially be The Depository Trust Company in The City of New
York (“DTC”) (or any successor to DTC). 
 (t) Events of Default; Covenants. The Events of Default in
Section 6.01 of the Base Indenture and the additional Events of Default set forth in Section 7.01 of this Ninth Supplemental Indenture and the covenants set forth in Article 4 of the Base Indenture and Article 5 of this Ninth Supplemental
Indenture shall apply to the Notes of each series. 
 (u) Additional Terms. Other terms applicable to the Notes of each series are as
otherwise provided for below. 
 Section 2.02. Execution and Authentication. The (i) 2025 Notes having an
aggregate principal amount of $700,000,000, (ii) 2032 Notes having an aggregate principal amount of $800,000,000 and (iii) 2052 Notes having an aggregate principal amount of $1,000,000,000 may, upon execution of this Ninth Supplemental Indenture, be
executed by the Issuers and delivered to the Authenticating Agent for authentication, and the Authenticating Agent shall thereupon authenticate and deliver said Notes, upon receipt of an Authentication Order, signed by an Officer of the Issuers,
without any further action by the Issuers, except as otherwise required by the Base Indenture. 

  
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 ARTICLE 3 

REDEMPTION OF THE NOTES 

Section 3.01. Optional Redemption. 
  

	(a)	 The 2025 Notes 

(i) At any time prior to February 18, 2023, the Issuers may at their option redeem the 2025 Notes, in whole or in part, at a redemption
price equal to the greater of: 
 (A) 100% of the principal amount of the 2025 Notes to be redeemed; and 

(B) the sum of the present value of (i) the redemption price (100% of the principal amount of the 2025 Notes to be
redeemed) on February 18, 2023 and (ii) all required remaining scheduled interest payments due on the 2025 Notes to be redeemed through February 18, 2023 (not including any portion of such payments of interest accrued and unpaid to
the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15
basis points, 
 plus accrued and unpaid interest on the principal amount of the 2025 Notes to be redeemed to, but not including, the
Redemption Date. The Treasury Rate will be calculated on the third Business Day next preceding the Redemption Date (the “Calculation Date”). 

(ii) If the 2025 Notes are redeemed at any time on or after February 18, 2023 (the “2025 Notes Par Call Date”), the 2025
Notes may be redeemed at a redemption price equal to 100% of the principal amount of the 2025 Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the Redemption Date. 

 

	(b)	 The 2032 Notes 

(i) At any time prior to December 1, 2031 (three months prior to the maturity date of the 2032 Notes), the Issuers may at their option
redeem the 2032 Notes, in whole or in part, at a redemption price equal to the greater of: 
 (A) 100% of the principal
amount of the 2032 Notes to be redeemed; and 
 (B) the sum of the present value of (i) the redemption price (100% of
the principal amount of the 2032 Notes to be redeemed) on December 1, 2031 and (ii) all required remaining scheduled interest payments due on the 2032 Notes to be redeemed through December 1, 2031 (not including any portion of such
payments of interest accrued and unpaid to the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus 25 basis points, 
 plus accrued and unpaid interest
on the principal amount of the 2032 Notes to be redeemed to, but not including, the Redemption Date. The Treasury Rate will be calculated on the Calculation Date. 

  
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 (ii) If the 2032 Notes are redeemed at any time on or after December 1, 2031 (three
months prior to the maturity date of the 2032 Notes) (the “2032 Notes Par Call Date”), the 2032 Notes may be redeemed at a redemption price equal to 100% of the principal amount of the 2032 Notes to be redeemed plus accrued and
unpaid interest thereon to, but not including, the Redemption Date. 
 (c) The 2052 Notes 

(i) At any time prior to November 1, 2051 (six months prior to the maturity date of the 2052 Notes), the Issuers may at
their option redeem the 2052 Notes, in whole or in part, at a redemption price equal to the greater of: 
 (A) 100% of the
principal amount of the 2052 Notes to be redeemed; and 
 (B) the sum of the present value of (i) the redemption price
(100% of the principal amount of the 2052 Notes to be redeemed) on November 1, 2051 and (ii) all required remaining scheduled interest payments due on the 2052 Notes to be redeemed through November 1, 2051 (not including any portion
of such payments of interest accrued and unpaid to the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus 30 basis points, 
 plus accrued and
unpaid interest on the principal amount of the 2052 Notes to be redeemed to, but not including, the Redemption Date. The Treasury Rate will be calculated on the Calculation Date. 

(ii) If the 2052 Notes are redeemed at any time on or after November 1, 2051 (six months prior to the maturity date of the
2052 Notes) (the “2052 Notes Par Call Date”; each of the 2025 Notes Par Call Date, the 2032 Notes Par Call Date and the 2052 Notes Par Call Date are referred to as a “Par Call Date”), the 2052 Notes may be redeemed
at a redemption price equal to 100% of the principal amount of the 2052 Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the Redemption Date. 

(d) Notice of any such redemption must be mailed by first-class mail to each Holder’s registered address, or delivered electronically if
held by any depositary in accordance with such depositary’s customary procedures, not less than 10 nor more than 60 days prior to the Redemption Date. 

(e) The following terms have the meanings given to them in this Section 3.01(d): 

“Treasury Rate” means, with respect to any redemption date for any series of Notes, the yield determined by
the Issuers in accordance with the following: 
 (i) The Treasury Rate shall be determined by the Issuers after 4:15 p.m.,
New York City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the Redemption Date based upon the yield or yields for the
most recent day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily)—H.15” (or any successor
designation or publication) (“H.15”) under the caption “U.S. government securities—Treasury constant maturities—Nominal” (or any successor caption or heading). In determining the Treasury Rate, the Issuers shall
select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the redemption date to the Par Call Date for the relevant series of Notes (the “Remaining Life”); or (2) if
there is no such Treasury constant 

  
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maturity on H.15 exactly equal to the Remaining Life, the two yields—one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to
the Treasury constant maturity on H.15 immediately longer than the Remaining Life—and shall interpolate to the Par Call Date for the relevant series of Notes on a straight-line basis (using the actual number of days) using such yields and
rounding the result to three decimal places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining
Life. For purposes of this paragraph, the applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable, of such Treasury constant maturity from the
redemption date. 
 (ii) If on the third Business Day preceding the redemption date H.15 or any successor designation or
publication is no longer published, the Issuers shall calculate the Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such
redemption date of the United States Treasury security maturing on, or with a maturity that is closest to, the Par Call Date for the relevant series of Notes, as applicable. If there is no United States Treasury security maturing on the Par Call
Date for the relevant series of Notes but there are two or more United States Treasury securities with a maturity date equally distant from such Par Call Date, one with a maturity date preceding such Par Call Date and one with a maturity date
following such Par Call Date, the Issuers shall select the United States Treasury security with a maturity date preceding such Par Call Date. If there are two or more United States Treasury securities maturing on the Par Call Date for the applicable
series of Notes or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Issuers shall select from among these two or more United States Treasury securities the United States Treasury security that is
trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In determining the Treasury Rate in accordance with the terms of this paragraph, the semi-annual
yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal amount) at 11:00 a.m., New York City time, of such United States Treasury
security, and rounded to three decimal places. 
 (iii) The Issuers’ actions and determinations in determining the
redemption price for the Notes of any series shall be conclusive and binding for all purposes, absent manifest error. 
 (f) If the Issuers
partially redeem the Notes of a series, such Notes to be redeemed shall be selected in accordance with the applicable procedures of the Depositary, although no Notes less than $2,000 in original principal amount will be redeemed in part. 

(g) Any redemption of Notes of any series pursuant to this Section 3.01 shall be conducted in accordance with the applicable procedures
set forth in Article 3 of the Base Indenture to the extent not otherwise set forth herein. 
 Section 3.02. Tax
Redemption. 

  
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 (a) The Issuers may redeem the Notes of a series as a whole but not in part, at their option
at any time prior to maturity, upon the giving of a written notice of redemption to the Holders, with a copy to the Trustee, if the Issuers determine that, as a result of: 

(i) any change in or amendment to the laws, or any regulations or rulings promulgated under the laws, of a Relevant
Jurisdiction (as defined in Section 5.03) affecting taxation, or 
 (ii) any change in or amendment to an official
position regarding the application or interpretation of the laws, regulations or rulings referred to above, 
 (b) which change or amendment
is announced and becomes effective after the Issue Date (or, if the Relevant Jurisdiction becomes a Relevant Jurisdiction on a date after the Issue Date, after such later date) (each of the foregoing, a “Change in Tax Law”), each of
the Issuers or the Guarantor is or will become obligated to pay Additional Amounts with respect to the Notes of such series or the Note Guarantees on the next succeeding interest payment date, pursuant to Section 5.03 (but in the case of the
Guarantor, only if the payments giving rise to such obligation cannot be made by the Issuers or another Guarantor without the obligation to pay Additional Amounts) and the payment of such Additional Amounts cannot be avoided by the use of reasonable
measures available to the Issuers or the Guarantor. The redemption price will be equal to 100% of the principal amount of the Notes of such series plus accrued and unpaid interest to but excluding the date fixed for redemption (a “Tax
Redemption Date”), and all Additional Amounts (if any) then due or which will become due on the Tax Redemption Date as a result of the redemption or otherwise (subject to the right of Holders of the Notes of such series on any record date
occurring prior to the Tax Redemption Date to receive interest due on the relevant interest payment date and Additional Amounts (if any) in respect thereof). The date and the applicable redemption price will be specified in the notice of tax
redemption. Notice of such redemption will be irrevocable, and must be mailed by first-class mail to each Holder’s registered address, or delivered electronically if held by any depositary in accordance with such depositary’s customary
procedures, not less than 15 nor more than 60 days prior to the earliest date on which the Issuers would be obligated to pay such Additional Amounts if a payment in respect of the Notes of a series were actually due on such date. No such notice of
redemption will be given unless, at the time such notification of redemption is given, such obligation to pay such Additional Amounts remains in effect. 

(c) Prior to giving the notice of tax redemption, the Issuers will deliver to the Trustee: 

(i) a certificate signed by a duly authorized Officer stating that the Issuers are entitled to effect the redemption and
setting forth a statement of facts showing that the conditions precedent to the right of the Issuers to so redeem have occurred; and 

(ii) an opinion of independent tax counsel of recognized standing qualified under the laws of the Relevant Jurisdiction,
selected by the Issuers, to the effect that the Issuers are or would be obligated to pay Additional Amounts as a result of a Change in Tax Law. 

(d) The foregoing provisions shall apply mutatis mutandis to any successor to the Issuers or the Guarantor. 

Section 3.03. Special Mandatory Redemption. 

(a) In the event that the Issuer does not consummate the Acquisition on or prior to July 10, 2023, or if prior to such date, the
definitive agreement relating to the Acquisition is terminated, then the Issuers will redeem all of the 2032 Notes and 2052 Notes (the “Special Mandatory Redemption”), on the Special Mandatory Redemption Date (as defined below) at a
redemption price equal to 101% of the principal amount of each of the 2032 Notes and the 2052 Notes, plus accrued and unpaid interest from the date of initial issuance to, but excluding, the Special Mandatory Redemption Date (subject to the right of
Holders of record on the relevant record date to receive interest due on the relevant interest payment date) (the “Special Mandatory Redemption Price”). 

  
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 (b) The “Special Mandatory Redemption Date” means the earlier to occur of
(1) July 10, 2023, if the Acquisition has not been completed on or prior to July 10, 2023, and (2) the fifth Business Day following the termination of the definitive agreement relating to the Acquisition for any reason. 

(c) The Issuers will cause the notice of Special Mandatory Redemption to be sent, with a copy to the Trustee, within one Business Day after
the occurrence of the event triggering redemption to each Holder at its registered address. If funds sufficient to pay the Special Mandatory Redemption Price of the 2032 Notes or the 2052 Notes to be redeemed on the Special Mandatory Redemption Date
are deposited with the Trustee on or before such Special Mandatory Redemption Date, plus accrued and unpaid interest, if any, to the Special Mandatory Redemption Date, such series of Notes will cease to bear interest. 

ARTICLE 4 
 NOTE GUARANTEES 

Section 4.01. Note Guarantees. The Guarantor hereby unconditionally and irrevocably expressly assumes,
confirms and agrees to perform and observe each and any of the covenants, agreements, terms, conditions, obligations, appointments, duties, promises and liabilities of a Guarantor under the Base Indenture with respect to the Notes of each series as
if it were an original signatory thereto. The Note Guarantee of any Guarantor in respect of a series of Notes will be released without any further action required on the part of the Trustee or any holder: (1) upon (i) the sale or other
disposition (including by way of consolidation, merger, dissolution or otherwise) of the Capital Stock of such Guarantor such that it is no longer a Subsidiary of the Issuers or (ii) the sale or other disposition of all or substantially all of
the assets of such Guarantor; (2) when such Guarantor is no longer an obligor (whether as an issuer or guarantor) on any of the Issuer’s senior notes outstanding on the Issue Date; or (3) upon legal or covenant defeasance or
satisfaction and discharge of the Notes of the applicable series. 
 Section 4.02. Future Guarantees. Each
Issuer, at its option, may cause any Subsidiary of such Issuer to become a Guarantor of the Notes of a series and if such Subsidiary is not otherwise required under the Indenture to provide a Note Guarantee to the Notes, such Issuer, at its option,
may cause any such Note Guarantee to be released, subject to applicable law. 
 Section 4.03. Abandonment and
Waiver Rights. Each Guarantor incorporated under the laws of Jersey abandons and waives any right it may have at any time under the droit de discussion or division or any other customary law rights available to it under Jersey law. 

ARTICLE 5 
 COVENANTS 

The following covenants will apply to the Notes in addition to the covenants in Article 4 of the Base Indenture: 

Section 5.01. Limitation on Liens. 

(a) The Company will not, and will not permit any Restricted Subsidiary to, directly or indirectly, incur or permit to exist any Lien (the
“Initial Lien”) of any nature whatsoever on any Principal Property or Capital Stock of a Restricted Subsidiary, whether owned at the Issue Date or thereafter acquired, which Initial Lien secures any Indebtedness, without effectively
providing that the Notes of the applicable series shall be secured equally and ratably with (or prior to) the obligations so secured for so long as such obligations are so secured, other than the following (“Permitted Liens”): 

  
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 (1) Liens securing Indebtedness under Credit Facilities in an aggregate
principal amount not to exceed $2,075 million; 
 (2) pledges or deposits by such Person under workers’
compensation laws, unemployment insurance laws or similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases, subleases, licenses or sublicenses to which such Person
is a party, or deposits to secure public or statutory obligations of such Person or deposits of cash or United States government bonds to secure surety, stay, customs, replevin or appeal bonds to which such Person is a party, or deposits as security
or for the payment of rent, in each case incurred in the ordinary course of business; 
 (3) Liens imposed by law, such as
carriers’, warehousemen’s and mechanics’, materialman’s, repairman’s, landlord’s, workman’s, supplier’s and other like Liens, in each case for sums not yet due or being contested in good faith by appropriate
proceedings or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding with an appeal or other proceedings for review; 

(4) Liens for taxes, assessments or other governmental charges not yet due or payable or subject to penalties for non-payment or which are being contested in good faith by appropriate proceedings; 
 (5)
Liens in favor of issuers of surety or performance bonds or letters of credit, bank guarantees, bankers’ acceptances or similar credit transactions issued pursuant to the request of and for the account of such Person in the ordinary course of
its business; 
 (6) survey exceptions, encumbrances, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real property or Liens
incidental to the conduct of the business of such Person or to the ownership of its properties which do not in the aggregate materially adversely affect the value of said properties or materially impair their use in the operation of the business of
such Person; 
 (7) Liens securing Indebtedness incurred to finance the construction, purchase or lease of, or repairs,
improvements or additions to, property of such Person; provided, however, that the Lien may not extend to any other property (other than accessions thereto, proceeds and products thereof and property related to the property being
financed or through cross-collateralization of individual financings of equipment provided by the same lender) owned by such Person or any of its Subsidiaries at the time the Lien is incurred, and the Indebtedness (other than any interest thereon)
secured by the Lien may not be incurred more than 270 days after the later of the acquisition, completion of construction, repair, improvement, addition or commencement of full operation of the property subject to the Lien; 

(8) Liens existing on the Issue Date and extensions, renewals, refinancings and replacements of any such Liens (including any
future Liens securing Indebtedness that the Company designates as a “replacement” of such Liens for purposes of this clause, even if such new Indebtedness is not issued concurrently with the repayment of the indebtedness so secured, the
proceeds thereof are not used to repay such Indebtedness secured by such Liens or such Indebtedness is incurred for different purposes and by a different borrower) so long as the 

  
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principal amount of Indebtedness (including for this purpose, revolving commitments under the Credit Agreement as in effect on the Issue Date immediately before the issuance of the Notes, which
shall be deemed to be outstanding for these purposes even if undrawn) or other obligations secured thereby is not increased (other than to cover premiums, fees, accrued interest and any expenses of such extension, renewal, refinancing or
replacement) and so long as such Liens are not extended to any other property of the Company or any of its Subsidiaries (other than pursuant to blanket lien or after acquired property clauses existing in the applicable agreements (including any
obligation to have new guarantors provide Liens on the same assets owned by it)); 
 (9) Liens on property or shares of stock
of another Person at the time such other Person becomes a Subsidiary of such Person; provided, however, that such Liens are not created, incurred or assumed in connection with, or in contemplation of, such other Person becoming such a
Subsidiary; provided further, however, that such Liens do not extend to any other property owned by such Person or any of its Subsidiaries, except proceeds and products thereof and improvements thereon or pursuant to after acquired
property clauses existing in the applicable agreements at the time such Person becomes a Subsidiary which do not extend to property transferred to such Person by the Company or a Restricted Subsidiary; 

(10) Liens on property at the time such Person or any of its Subsidiaries acquires the property, including any acquisition by
means of a merger or consolidation with or into such Person or any Subsidiary of such Person; provided, however, that such Liens are not created, incurred or assumed in connection with, or in contemplation of, such acquisition;
provided further, however, that the Liens do not extend to any other property owned by such Person or any of its Subsidiaries other than proceeds or products thereof and accessions thereto; 

(11) Liens securing Indebtedness or other obligations of the Company or a Subsidiary owing to the Company or a Subsidiary of
the Company; 
 (12) Liens to secure any Refinancing (or successive Refinancings) as a whole, or in part, of any Indebtedness
secured by any Lien referred to in the foregoing clauses (7), (9) and (10); provided, however, that: 
 (A)
such new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements, accessions, proceeds, dividends or distributions in respect thereof) and 

(B) the Indebtedness secured by such Lien at such time is not increased to any amount greater than the sum of: 

(i) the outstanding principal amount or, if greater, committed amount of the indebtedness secured by Liens described under
clauses (7), (9) or (10) at the time the original Lien became a Permitted Lien under the Indenture; and 
 (ii) an
amount necessary to pay any fees and expenses, including premiums, related to such Refinancings; 
 (13) judgment Liens not
giving rise to an Event of Default; 

  
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 (14) Liens securing Indebtedness consisting of (A) the financing of
insurance premiums with the providers of such insurance or their affiliates and (B) take-or-pay obligations contained in supply arrangements in the ordinary course
of business; and 
 (15) other Liens to secure Indebtedness as long as the amount of outstanding Indebtedness secured by
Liens incurred pursuant to this clause (15), when aggregated with the amount of Attributable Debt outstanding and incurred in reliance on Section 5.02(e), does not exceed 15.0% of Consolidated Total Assets at the time any such Lien is granted;
provided, however, notwithstanding whether this clause (15) would otherwise be available to secure Indebtedness, Liens securing Indebtedness originally secured pursuant to this clause (15) may secure Refinancing Indebtedness
in respect of such Indebtedness and such Refinancing Indebtedness shall be deemed to have been secured pursuant to this clause (15). 
 (b)
Any Lien created for the benefit of the Holders of the Notes pursuant to Section 5.01(a) shall provide by its terms that such Lien shall be automatically and unconditionally released and discharged upon the release and discharge of the Initial
Lien. 
 (c) For purposes of determining compliance with this Section 5.01, (A) a Lien securing an item of Indebtedness need not be
permitted solely by reference to one category of permitted Liens described in the definition of “Permitted Liens” but may be permitted in part under any combination thereof and (B) in the event that a Lien securing an item of
Indebtedness (or any portion thereof) meets the criteria of one or more of the categories of permitted Liens described in the definition of “Permitted Liens,” the Company shall, in its sole discretion, classify or reclassify, or later
divide, classify or reclassify, such Lien securing such item of Indebtedness (or any portion thereof) in any manner that complies with this covenant and will only be required to include the amount and type of such Lien or such item of Indebtedness
secured by such Lien in one of the clauses of the definition of “Permitted Liens” and such Lien securing such item of Indebtedness will be treated as being incurred or existing pursuant to only one of such clauses. 

Section 5.02. Limitation on Sale/Leaseback Transactions. The Company will not, and will not permit any
Restricted Subsidiary to, enter into any Sale and Leaseback Transaction with respect to any Principal Property unless: 
 (a) the Sale and
Leaseback Transaction is solely with the Company or a Subsidiary of the Company; 
 (b) the lease is for a period not in excess of 24
months, including renewals; 
 (c) the Company or such Restricted Subsidiary would (at the time of entering into such arrangement) be
entitled as described in clauses (1) through (14) of the definition of “Permitted Liens,” without equally and ratably securing the Notes then outstanding under the Indenture, to create, incur, issue, assume or guarantee Indebtedness
secured by a Lien on such property in the amount of the Attributable Debt arising from such Sale and Leaseback Transaction; 
 (d) the
Company or such Restricted Subsidiary within 360 days after the sale of such Principal Property in connection with such Sale and Leaseback Transaction is completed, applies an amount equal to the net proceeds of the sale of such Principal Property
to (i) the permanent retirement of Notes, other Indebtedness of each of the Issuers ranking on a parity with the Notes or Indebtedness of the Company or a Subsidiary of the Company or (ii) the purchase of property; or 

  
 -19- 

 (e) the Attributable Debt of the Company and its Restricted Subsidiaries in respect of such
Sale and Leaseback Transaction and all other Sale and Leaseback Transactions entered into after the Issue Date with respect to Principal Property (other than any such Sale and Leaseback Transaction as would be permitted as described in clauses
(a) through (d) above), plus the aggregate principal amount of Indebtedness secured by Liens on Principal Properties then outstanding (not including any such Indebtedness secured by Liens described in clauses (1) through (14) of the
definition of “Permitted Liens”) which do not equally and ratably secure such outstanding Notes (or secure such outstanding Notes on a basis that is prior to other Indebtedness secured thereby), would not exceed 15% of Consolidated Total
Assets. 
 Section 5.03. Payments of Additional Amounts. 

(a) Payments made by the Issuers, the Guarantor or a Paying Agent, as applicable, on the Notes of each series or in respect of the Note
Guarantee will be made free and clear of, and without withholding or deduction for or on account of, any present or future income, stamp or other tax, duty, levy, impost, assessment or other governmental charge of any nature whatsoever
(“Taxes”), unless the Issuers, the Guarantor or a Paying Agent is required to withhold or deduct Taxes by law. 
 (b) If
any withholding or deduction for or on account of Taxes imposed or levied by or on behalf of Jersey, Ireland, any other jurisdiction (other than the United States or any state thereof or the District of Columbia, or any political subdivision of any
such state or the District of Columbia, or taxing authority or agency thereof or therein) in which the Issuers or the Guarantor is incorporated, organized, engaged in business or otherwise resident for tax purposes, or any other jurisdiction (other
than the United States or any state thereof or the District of Columbia, or any political subdivision of any such state or the District of Columbia, or taxing authority or agency thereof or therein) from or through which such payment is made, or in
each case any political subdivision or taxing authority or agency thereof or therein (each, a “Relevant Jurisdiction”) is at any time required by law to be made from any payment made with respect to the Notes of a series or the Note
Guarantee, the Issuers or the Guarantor, as applicable, will pay such additional amounts (“Additional Amounts”) on the Notes of such series or in respect of the Note Guarantee as may be necessary so that the net amount received by
each Holder of the Notes of such series (including Additional Amounts) after such withholding or deduction will not be less than the amount the Holder would have received if such Taxes had not been withheld or deducted; provided that no
Additional Amounts will be payable with respect to Taxes: 
 (i) that would not have been imposed but for the Holder or the
beneficial owner of such Note (or a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder or beneficial owner, if such Holder or beneficial owner is an estate, trust, partnership or corporation) being
considered as having a present or former connection with a Relevant Jurisdiction (other than a connection arising solely as a result of the acquisition, ownership or disposition of the Notes, the receipt of any payment under or with respect to the
Notes or the Note Guarantee, or the exercise or enforcement of any rights under or with respect to the Notes, the Note Guarantees or the Indenture), including, without limitation, such Holder or beneficial owner (or such fiduciary, settlor,
beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or treated as a resident thereof or domiciled therein or a national thereof or being or having been engaged in a trade or business therein or having or
having had a permanent establishment therein; 
 (ii) that would not have been imposed but for the failure of the Holder or
any other person to comply with certification, identification or information reporting requirements concerning the nationality, residence, identity or connection with the Relevant Jurisdiction of the Holder or beneficial owner, if compliance is
required by statute, by regulation of the Relevant Jurisdiction or by an applicable income tax treaty to which the Relevant Jurisdiction is a party as a precondition to exemption from such Tax; 

  
 -20- 

 (iii) payable other than by withholding from payments of principal of or
interest on the Notes or from payments in respect of the Note Guarantee; 
 (iv) that would not have been imposed but for a
change in law, regulation or administrative or judicial interpretation that becomes effective more than 15 days after the payment becomes due or is duly provided for, whichever occurs later; 

(v) that are estate, inheritance, gift, sales, excise, transfer, wealth, capital gains or personal property or similar Taxes;

 (vi) required to be withheld by any Paying Agent from any payment of principal of or interest on any Note, if such payment
can be made without such withholding by at least one other Paying Agent; 
 (vii) that would not have been imposed but for
the presentation by the Holder of any Note, where presentation is required, for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof was duly provided for, whichever
occurred later (except to the extent that the Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30-day period); 

(viii) that are imposed under Sections 1471 through 1474 of the Code as of the Issue Date (or any amended or successor
provision that is substantively comparable), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code as of the Issue Date (or any amended or successor provision
that is substantively comparable) or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code; or 

(ix) in the case of any combination of clauses (i), (ii), (iii), (iv), (v), (vi), (vii) and (viii); 

nor shall Additional Amounts be paid with respect to any payment of the principal of or interest, if any, on any Note or any payment in respect of a Note
Guarantee to any such Holder who is a fiduciary or a partnership that is not the sole beneficial owner of such payment to the extent a beneficiary or settlor with respect to such fiduciary or a member of such partnership or the beneficial owner
would not have been entitled to such Additional Amounts had it been the holder of the Note. 
 (c) The Issuers, the Guarantor or the Paying
Agent, as applicable, will (i) make any required withholding or deduction, and (ii) remit the full amount deducted or withheld by it to the Relevant Jurisdiction in accordance with applicable law. 

(d) All references in the Indenture, other than in Section 2.01(r) of this Ninth Supplemental Indenture and Sections 8.02, 8.03 and 8.06
of the Base Indenture, to the payment of the principal or interest, if any, on or the net proceeds received on the sale or exchange of, any Notes or any payment made under the Note Guarantee shall be deemed to include Additional Amounts to the
extent that, in that context, Additional Amounts are, were or would be payable. 

  
 -21- 

 (e) In addition, the Issuers shall pay any present or future stamp, issue, registration,
court, documentary, excise, property, or similar Taxes (i) imposed by any Relevant Jurisdiction in respect of the execution, issuance, delivery, or registration of the Notes, the Note Guarantee, the Indenture, or any other document or
instrument referred to therein, or the receipt of any payments with respect to the Notes, or (ii) imposed by any jurisdiction in respect of the enforcement of the Notes, the Note Guarantee, the Indenture, or any other document or instrument
referred to therein. 
 (f) The Issuers’ and the Guarantor’s respective obligations to pay Additional Amounts if and when due will
survive the termination of the Indenture and the payment of all other amounts in respect of the Notes and shall apply mutatis mutandis to any successor of either of the Issuers or the Guarantor, and to any jurisdiction (other than the United States
or any state thereof or the District of Columbia, or any political subdivision of any such state or the District of Columbia, or taxing authority or agency thereof or therein) in which such successor is incorporated, organized, engaged in business
or otherwise resident for tax purposes, and any political subdivision or governmental authority thereof or therein. 

Section 5.04. Change of Control Triggering Event. Upon the occurrence of a Change of Control Triggering
Event, in respect of Notes of a series, each Holder of Notes of such series will have the right to require the Issuers to purchase all or any part of such Holder’s Notes of such a series at a purchase price in cash equal to 101% of the
principal amount thereof plus accrued and unpaid interest to the date of purchase (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date). 

“Change of Control Triggering Event” means, with respect to the Notes of a series, the occurrence of both a (1) Change
of Control and (2) (i) the ratings of the Notes of the applicable series are downgraded by each of the Ratings Agencies during the 60-day period (the “Trigger Period”) commencing on the
earlier of (x) the occurrence of such Change of Control or (y) the first public announcement of the occurrence of such Change of Control or the Issuer’s intention to effect such Change of Control (which Trigger Period will be extended
so long as the ratings of the Notes of such series are under publicly announced consideration for possible downgrade by any of the Ratings Agencies) and (ii) the Notes of such series are rated below an Investment Grade Rating by each of the
Ratings Agencies on any date during the Trigger Period; provided that (x) a Change of Control Triggering Event will not be deemed to have occurred in respect of a particular Change of Control if each Ratings Agency does not publicly
announce or confirm or inform the Trustee in writing at the Issuer’s request that the reduction was the result of the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Change of Control
Triggering Event) and (y) the Trigger Period will terminate with respect to each Ratings Agency when such Ratings Agency takes action (including affirming its existing ratings) with respect to such Change of Control. Notwithstanding the
foregoing, no Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated. 

“Change of Control” means the occurrence of any of the following: 

(1) any transaction occurs (including a merger or consolidation of the Issuer) following which any “person” (as such
term is used in Sections 13(d) and 14(d) of the Exchange Act) is the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or
indirectly, of more than 50% of the total voting power of the Voting Stock of the Issuers; or 
 (2) sale, lease or transfer
(for the avoidance of doubt, other than a transfer to the Issuer or one of its Subsidiaries), in one or a series of related transactions, of all or substantially all the assets of the Issuer and its Subsidiaries, taken as a whole, to a Person in
which any person (as defined above) holds or acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of 50% or more of the total voting power of the Voting Stock of such
transferee Person. 

  
 -22- 

 Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of
Control if (1) the Issuer becomes a direct or indirect Subsidiary of a holding company and (2) no person (as defined above) (other than a holding company) owns, directly or indirectly, a majority of the voting power of the Equity Interests
of such holding company. 
 Within 30 days following any Change of Control Triggering Event, with respect to a series of Notes, an Issuer
shall (unless prior to such date such Change of Control Triggering Event ceases to exist) deliver by mail or electronic means a notice to each Holder of Notes of such series with a copy to the Trustee (the “Change of Control
Offer”), stating: 
 (1) that a Change of Control Triggering Event has occurred and that such Holder has the right
to require the Issuers to purchase all or a portion of such Holder’s Notes of such series at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest to the date of purchase (subject to the right
of Holders of record on the relevant record date to receive interest on the relevant interest payment date); 
 (2) the
circumstances and relevant facts and financial information regarding such Change of Control Triggering Event; 
 (3) the
purchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is delivered); and 

(4) the instructions determined by the Issuers, consistent with this covenant, that a Holder must follow in order to have its
Notes of such series purchased. 
 The Issuers will not be required to make a Change of Control Offer upon a Change of Control Triggering
Event with respect to the Notes of the applicable series if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Section 5.04 and purchases all Notes of
such series validly tendered and not withdrawn under such Change of Control Offer. In addition, the Issuers will not be required to make a Change of Control Offer upon a Change of Control Triggering Event if the Notes of the applicable series have
been or are called for redemption by the Issuers prior to them being required to deliver notice of the Change of Control Offer, and thereafter redeem all Notes of such series called for redemption in accordance with the terms set forth in such
redemption notice. Notwithstanding anything to the contrary contained herein, a revocable Change of Control Offer may be made in advance of a Change of Control Triggering Event, conditioned upon the consummation of the relevant Change of Control, if
a definitive agreement is in place for such Change of Control at the time the Change of Control Offer is made. 
 The Issuers will comply,
to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities laws or regulations in connection with the purchase of Notes pursuant to this Section 5.04. To the extent that the provisions of
any securities laws or regulations conflict with provisions of this Section 5.04, the Issuers will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 5.04
by virtue thereof. 

  
 -23- 

 Notwithstanding any provisions in the Base Indenture to the contrary, but subject to
Section 6.07 of the Base Indenture, the Issuers’ respective obligations to make a Change of Control Offer as a result of a Change of Control Triggering Event with respect to the Notes of a series may be waived or modified with the written
consent of the Holders of a majority in principal amount of the then outstanding Notes of such series. 

Section 5.05. U.S. Federal Income Tax Treatment. On the Issue Date, all or a portion of the proceeds of the
offering of the Notes of each series will be borrowed by the Co-Obligor and the remaining portion of the proceeds of the offering of the Notes of such series, if any, will be borrowed by the Issuer. The
portion of the proceeds of Notes of each series that will be borrowed by the Co-Obligor and the portion of the proceeds of Notes of each series that will be borrowed by the Issuer, in each case, on the Issue
Date, and after any subsequent change to such allocation, shall be made available by the Issuers to any Holder or beneficial owner upon request to Aptiv Investor Relations (including through the Issuer’s website or at ir@aptiv.com).
Notwithstanding the foregoing or anything to the contrary herein, (x) each Holder and beneficial owner acknowledge that the Co-Obligor and the Issuer have the right to change the foregoing allocations
between the Co-Obligor and the Issuer for any reason (including, but not limited, as a result of a redemption of any Notes of a series or the issuance of Additional Notes with respect to such series, in each
case, in a different allocation than the initial allocation with respect to the outstanding Notes of such series), (y) the Issuers are entitled (i) not to treat any Additional Notes of a series that have a different allocation than the initial
allocation with respect to the outstanding Notes of such series as non-fungible for U.S. federal income tax purposes solely as a result of such different allocation, and (ii) to treat the issuance of
Additional Notes of a series as resulting in a change in the allocation of the outstanding Notes of such series so as to have the same allocation across the Additional Notes of such series and the outstanding Notes of such series, and (z) each
Holder and beneficial owner agree and acknowledge that any applicable withholding agent may withhold U.S. federal withholding tax (including any withholding imposed under FATCA) from any interest payment made on any Note of a series to or for the
benefit of any person who is not a “United States person,” as such term is defined for U.S. federal income tax purposes, and pay such withheld amounts to the U.S. Internal Revenue Service, in each case in accordance with applicable law,
unless such person provides documentation to the applicable withholding agent such that an exemption from such U.S. federal withholding tax would apply to such payment (provided that, the amount of any such withholding may be determined (regardless
of the actual allocation) as if interest on such Note were treated entirely as U.S.-source income for U.S. federal income tax purposes). 

ARTICLE 6 
 MERGER AND
CONSOLIDATION 
 Section 6.01. Merger and Consolidation. 

(a) The Issuer will not, directly or indirectly, consolidate with or merge with or into, or convey, transfer or lease all or substantially all
of its assets in one or a series of related transactions to, any Person unless: 
 (i) the resulting, surviving or transferee
Person (the “Successor Company”) will be a corporation, limited liability company, limited liability partnership, limited company, or other similar organization organized and existing under the laws of (x) the United States of
America (or any state thereof or the District of Columbia) or (y) the United Kingdom, Jersey and any other jurisdiction in the Channel Islands, any member state of the European Union as in effect on the Issue Date, Switzerland, Bermuda, the
Cayman Islands or Singapore, provided that the Successor Company (if not the Issuer) will expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all the obligations of the Issuer under the Indenture and the
Notes (and, if the Successor Company is not a corporation, the Issuers shall cause a corporate co-issuer to become a co-obligor on the Notes); 

  
 -24- 

 (ii) immediately after giving effect to such transaction, no Default shall
have occurred and be continuing; and 
 (iii) the Issuers shall have delivered to the Trustee an Officer’s Certificate
and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indenture (if any) comply with the Indenture. 

(b) The Co-Obligor will not, directly or indirectly, consolidate with or merge with or into any Person
unless: 
 (i) (A) the resulting, surviving or transferee Person (the “Successor
Co-Obligor”) will expressly assume, by a supplemental indenture, executed and delivered to the Trustee, all the obligations of the Guarantor under its Note Guarantee; 

(B) immediately after giving effect to such transaction, no Default shall have occurred and be continuing; and 

(C) the Issuers shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that
such consolidation, merger or transfer and such supplemental indenture (if any) comply with the Indenture; or 
 (ii) the Co-Obligor will no longer be a Subsidiary of the Issuer, in which case it shall be released from its obligation in connection therewith. 

(c) Notwithstanding Section 5.02 of the Base Indenture or clause (a) and (b) of this Section 6.01: 

(i) any Subsidiary of the Issuer may consolidate with, merge into or transfer all or part of its properties and assets to an
Issuer, the Guarantor or any Subsidiary of the Issuer; and 
 (ii) the Issuers and the Guarantor may merge with an Affiliate
organized solely for the purpose of reorganizing the Issuers or the Guarantor in another jurisdiction. 

Section 6.02. Successor Company. In addition to the jurisdictions set forth in Section 5.01(a) of the
Base Indenture in which a Successor Company may be organized, such list of jurisdictions shall also include Singapore. 
 ARTICLE 7 

EVENTS OF DEFAULT 

Section 7.01. Events of Default. In addition to the Events of Default set forth in Section 6.01 of the
Base Indenture, the following is an “Event of Default” with respect to the Notes of a series: 
 (1) the
failure by the Issuers or the Guarantor to comply with their respective obligations under Section 6.01 of this Ninth Supplemental Indenture in respect of the Notes of such series; and 

(2) the failure by the Issuer or any Restricted Subsidiary to comply for 60 days after notice with any of its obligations under
Section 5.04 of this Ninth Supplemental Indenture in respect of the Notes of such series (in each case, other than a failure to purchase Notes of such series). 

  
 -25- 

 However, a default under clause (2) will not constitute an Event of
Default with respect to any Notes until the Trustee notifies the Issuers, or the Holders of at least 25% in principal amount of the outstanding Notes of a series and notes of all series affected thereby notify the Issuers and the Trustee, of the
default and the Issuers do not cure such default within the time specified in clause (2) hereof after receipt of such notice. 

Section 7.02. Limitations on Suits. With respect to the Notes, the first sentence of Section 6.06 of the
Base Indenture shall be amended by deleting the “A” at the beginning of the sentence and replacing it with the following: “Except to enforce the right to receive payment of principal, premium (if any) or interest when due, a”.

 ARTICLE 8 
 AMENDMENTS AND
WAIVERS 
 Section 8.01. Without Consent of Holder. In addition to the provisions of Section 9.01 of
the Base Indenture, the Issuers and the Trustee may, as applicable, amend or supplement this Ninth Supplemental Indenture, the Note Guarantees or the Notes of a series, without the consent of any Holder of a Note of such series to: 

(a) convey, transfer, assign, mortgage or pledge as security for the Notes of such series any property or assets in accordance with
Section 5.01 of this Ninth Supplemental Indenture and confirm or evidence any release thereof permitted by the Indenture. 
 ARTICLE 9

 MISCELLANEOUS 

Section 9.01. Ratification of Base Indenture. The Base Indenture, as supplemented by this Ninth Supplemental
Indenture, is in all respects ratified and confirmed, and this Ninth Supplemental Indenture shall be deemed part of the Indenture in the manner and to the extent herein and therein provided. 

Section 9.02. Governing Law; Submission to Jurisdiction. This Ninth Supplemental Indenture and the Notes
shall be governed by and construed in accordance with the laws of the State of New York without regard to conflicts of laws. 
 The Issuers
irrevocably consent and agree, for the benefit of the Holders from time to time of the Notes and the Trustee, that any legal action, suit or proceeding against them with respect to their respective obligations, liabilities or any other matter
arising out of or in connection with the Indenture or the Notes may be brought in the courts of the State of New York or the courts of the United States located in the Borough of Manhattan, New York City, New York and, until amounts due and to
become due in respect of the Notes have been paid, hereby irrevocably consents and submits to the exclusive jurisdiction of each such court in personam, generally and unconditionally with respect to any action, suit or proceeding for themselves in
respect of their respective properties, assets and revenues. 
 The Issuers irrevocably and unconditionally waive, to the fullest extent
permitted by law, any objection which they may now or hereafter have to the laying of venue of any of the aforesaid actions, suits or proceedings arising out of or in connection with the Indenture brought in the courts of the State of New York or
the courts of the United States located in the Borough of Manhattan, New York City, New York and hereby further irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such action, suit or proceeding brought
in any such court has been brought in an inconvenient forum. 

  
 -26- 

 Section 9.03. Separability. In case any one or more of the
provisions contained in this Ninth Supplemental Indenture or in the Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of
this Ninth Supplemental Indenture or of the Notes, but this Ninth Supplemental Indenture and the Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

Section 9.04. Counterparts. This Ninth Supplemental Indenture may be executed in any number of counterparts
each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 

Section 9.05. Trustee Disclaimer. Neither the Trustee nor Deutsche Bank Trust Company Americas shall be
responsible in any manner whatsoever for or in respect of the validity, sufficiency or adequacy of this Ninth Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Issuers and the
Guarantor, and neither the Trustee nor Deutsche Bank Trust Company Americas assumes any responsibility for their correctness. 

Section 9.06. Electronic Signatures. Facsimile, documents executed, scanned and transmitted electronically
and electronic signatures, including those created or transmitted through a software platform or application, shall be deemed original signatures for purposes of this Ninth Supplemental Indenture and all other related documents and all matters and
agreements related thereto, with such facsimile, scanned and electronic signatures having the same legal effect as original signatures. The parties agree that this Ninth Supplemental Indenture or any other related document or any instrument,
agreement or document necessary for the consummation of the transactions contemplated by this Ninth Supplemental Indenture or the other related documents or related hereto or thereto (including, without limitation, addendums, amendments, notices,
instructions, communications with respect to the delivery of securities or the wire transfer of funds or other communications) (the “Executed Documentation”) may be accepted, executed or agreed to through the use of an electronic
signature in accordance with applicable laws, rules and regulations in effect from time to time applicable to the effectiveness and enforceability of electronic signatures. Any Executed Documentation accepted, executed or agreed to in conformity
with such laws, rules and regulations will be binding on all parties hereto to the same extent as if it were physically executed and each party hereby consents to the use of any third party electronic signature capture service providers as may be
reasonably chosen by a signatory hereto or thereto. When the Trustee or any Agent acts on any Executed Documentation sent by electronic transmission, the Trustee and Agent will not be responsible or liable for any losses, costs or expenses arising
directly or indirectly from its reliance upon and compliance with such Executed Documentation, notwithstanding that such Executed Documentation (a) may not be an authorized or authentic communication of the party involved or in the form such
party sent or intended to send (whether due to fraud, distortion or otherwise) or (b) may conflict with, or be inconsistent with, a subsequent written instruction or communication; it being understood and agreed that the Trustee or the Agent
shall conclusively presume that Executed Documentation that purports to have been sent by an authorized officer of a Person has been sent by an authorized officer of such Person. The party providing Executed Documentation through electronic
transmission or otherwise with electronic signatures agrees to assume all risks arising out of such electronic methods, including, without limitation, the risk of the Trustee or Agent acting on unauthorized instructions and the risk of interception
and misuse by third parties. 
 [Signature Pages Follow] 

  
 -27- 

 IN WITNESS WHEREOF, the parties hereto have caused this Ninth Supplemental Indenture to be
duly executed as of the day and year first above written. 
  

			
	ISSUERS:
	
	 APTIV PLC

		
	 By:
	 	 /s/ Jane Wu

		 	Name: Jane Wu
		 	Title: Treasurer
	
	 APTIV CORPORATION

		
	 By:
	 	 /s/ Jane Wu

		 	Name: Jane Wu
		 	Title: Treasurer
	
	GUARANTOR:
	
	 APTIV GLOBAL FINANCING LIMITED

		
	 By:
	 	 /s/ Darren Byrka

		 	Name: Darren Byrka
		 	Title: Director

 [Signature Page to Ninth Supplemental Indenture] 

 
			
	TRUSTEE:
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee

		
	 By:
	 	 /s/ Arlene Thelwell

		 	 Name: Arlene Thelwell

		 	 Title: Vice President

 [Signature Page to Ninth Supplemental Indenture] 

 
			
	REGISTRAR, PAYING AGENT AND AUTHENTICATING AGENT:
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Registrar, Paying Agent, and Authenticating Agent
		
	By:	 	 /s/ Irina Golovashchuk

		 	Name: Irina Golovashchuk
		 	Title: Vice President
		
	By:	 	 /s/ Annie Jaghatspanyan

		 	Name: Annie Jaghatspanyan
		 	Title: Vice President

 [Signature Page to Ninth Supplemental Indenture] 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [Global
Note Legend] 
 THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS 2025 NOTE) OR ITS NOMINEE. THIS
GLOBAL NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR ITS NOMINEE ONLY IN LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN
DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO
A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITARY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”) TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH
OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

  
 A-1 

 CUSIP: 00217G AA1 

ISIN: US00217GAA13 
 GLOBAL NOTE 

2.396% Senior Notes due 2025 
  

			
	 No. ___
	  	 $[____________]

 APTIV PLC and APTIV CORPORATION 

promise to pay to Cede & Co., or registered assigns, 

the principal sum of __________________________________________________________U.S. DOLLARS on February 18, 2025, as such amount may be changed from time
to time pursuant to the Schedule of Exchanges of Interests attached hereto. 
 Interest Payment Dates: February 18 and August 18 

Record Dates: February 3 and August 3 

  
 A-2 

 
			
	 APTIV PLC

		
	 By:
	 	
         

	 Name:

	 Title:

	
	 APTIV CORPORATION

		
	 By:
	 	
         

	 Name:

	 Title:

  
 A-3 

			
	This is one of the 2025 Notes referred to in the within-mentioned Ninth Supplemental Indenture:
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Authenticating Agent
		
	By:	 	              

		 	Name:
		 	Title:
	
	Dated: _______________, 20__

  
 A-4 

 [Form of reverse side of 2025 Note] 

2.396% Senior Note due 2025 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1. INTEREST. Aptiv PLC (the “Issuer”) and Aptiv Corporation (the
“Co-Obligor” and, together with the Issuer, the “Issuers”) promise to pay interest on the principal amount of this 2025 Note at a rate per annum of 2.396% from
February 18, 2022 until maturity or pursuant to Section 7.02 of the Ninth Supplemental Indenture. The Issuers will pay interest on this 2025 Note semi-annually in arrears on February 18 and August 18 of each
year, commencing on August 18, 2022, or, if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). The Issuers will make each interest payment to the Holder of record
of this 2025 Note on the immediately preceding February 3 and August 3 (the “Regular Record Date”), as the case may be. Interest on this 2025 Note will accrue from the most recent date to which interest has been
paid or, if no interest has been paid, from and including February 18, 2022. The Issuers will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time
on demand at the rate borne by this 2025 Note; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time
on demand at the rate borne by this 2025 Note. Interest will be computed on the basis of a 360-day year comprise of twelve 30-day months. 

2. METHOD OF PAYMENT. The Issuers will pay interest on this 2025 Note to the Person who is the registered Holder of this 2025 Note at the
close of business on the Record Date (whether or not a Business Day) next preceding the Interest Payment Date, even if this 2025 Note is cancelled after such record date and on or before such Interest Payment Date, except as provided in
Section 2.13 of the Base Indenture with respect to defaulted interest. Payment of interest may be made by check mailed to the Holders at their addresses set forth in the Note Register of Holders, provided that
(a) all payments of principal, premium, if any, and interest on, 2025 Notes represented by Global Notes registered in the name of or held by the DTC or its nominee will be made by wire transfer of immediately available funds to the accounts
specified by the Holder or Holders thereof and (b) all payments of principal, premium, if any, and interest with respect to Certificated Notes will be made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the
United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such
other date as the Trustee or the Paying Agent may accept in its discretion). Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debt. 

3. AUTHENTICATING AGENT, PAYING AGENT AND REGISTRAR. Initially, Deutsche Bank Trust Company Americas will act as Authenticating Agent, Paying
Agent and Registrar. The Issuers may change any Authenticating Agent, Paying Agent or Registrar without notice to the Holders. Aptiv International Holdings (UK) LLP or any of its Subsidiaries may act in any such capacity. 

4. INDENTURE. The Issuers issued the 2025 Notes under the Senior Indenture (the “Base Indenture”), dated as of
March 10, 2015, among the Issuers, the guarantors party thereto, Wilmington Trust, National Association, as trustee (the “Trustee”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as Registrar,
Paying Agent and Authenticating Agent. The Issuers shall be entitled to issue Additional 2025 Notes pursuant to the Base Indenture. The terms of the 2025 Notes include those stated in the Base Indenture and those made part of the Base Indenture by
reference to the ninth supplemental indenture, among the Issuers, the Guarantor, the Trustee and the Registrar and Paying 

  
 A-5 

 
Agent, dated as of February 18, 2022 (the “Ninth Supplemental Indenture” and together with the Base Indenture, the “Indenture”), setting forth
the additional terms of the 2025 Notes pursuant to Section 2.03 of the Base Indenture and the provisions of the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). The 2025 Notes are
subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this 2025 Note conflicts with the express provisions of the Indenture and those other
provisions forming a part thereof with respect to the 2025 Notes, the provisions of the Indenture and such other provisions with respect to the 2025 Notes shall govern and be controlling. 

5. OPTIONAL REDEMPTION. At any time prior to February 18, 2023, the Issuers may at their option redeem the 2025 Notes, in whole or in
part, at a redemption price equal to the greater of: 
 (i) 100% of the principal amount of the 2025 Notes to be redeemed;
and 
 (ii) the sum of the present value of (i) the redemption price (100% of the principal amount of the 2025 Notes to
be redeemed) on February 18, 2023 and (ii) all required remaining scheduled interest payments due on the 2025 Notes to be redeemed through February 18, 2023 (not including any portion of such payments of interest accrued and unpaid to
the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15
basis points; 
 plus accrued and unpaid interest on the principal amount of the 2025 Notes to be redeemed to, but not including, the
Redemption Date. The Treasury Rate will be calculated on the Calculation Date. 
 If the 2025 Notes are redeemed at any time on or after
February 18, 2023, the 2025 Notes may be redeemed at a redemption price equal to 100% of the principal amount of the 2025 Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the Redemption Date. 

Notice of such redemption must be mailed by first-class mail to each Holder’s registered address, or delivered electronically if held by
any depositary in accordance with such depositary’s customary procedures, not less than 10 nor more than 60 days prior to the redemption date. If the Issuers partially redeem the 2025 Notes, the Registrar and Paying Agent, subject to the
procedures of The Depository Trust Company, will select the 2025 Notes to be redeemed on a pro rata basis, by lot or by such other method in accordance with the procedures of The Depository Trust Company, although no 2025 Note less than $2,000 in
original principal amount will be redeemed in part. If the Issuers redeem any 2025 Note in part only, the notice of redemption relating to such 2025 Note shall state the portion of the principal amount thereof to be redeemed. A new 2025 Note in
principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original 2025 Note. On and after the redemption date, interest will cease to accrue on 2025 Notes or portions of such
2025 Notes called for redemption so long as the Issuers have deposited with the Registrar and Paying Agent funds sufficient to pay the principal of the 2025 Notes to be redeemed, plus accrued and unpaid interest thereon. Any notice of redemption may
be conditioned on the satisfaction of one or more conditions precedent. 
 6. TAX REDEMPTION. The Issuers may redeem the 2025 Notes as a
whole but not in part, at their option at any time prior to maturity, upon the giving of a written notice of redemption to the Holders, with a copy to the Trustee, if the Issuers determine that, as a result of: 

(i) any change in or amendment to the laws, or any regulations or rulings promulgated under the laws, of a Relevant
Jurisdiction affecting taxation, or 

  
 A-6 

 (ii) any change in or amendment to an official position regarding the
application or interpretation of the laws, regulations or rulings referred to above, which change or amendment is announced and becomes effective after the Issue Date (or, if the Relevant Jurisdiction becomes a Relevant Jurisdiction on a date after
the Issue Date, after such later date) (each of the foregoing, a “Change in Tax Law”), each of the Issuers or the Guarantor is or will become obligated to pay Additional Amounts with respect to the 2025 Notes or the Note
Guarantee on the next succeeding interest payment date, pursuant to Section 5.03 (but in the case of the Guarantor, only if the payments giving rise to such obligation cannot be made by the Issuers or another Guarantor
without the obligation to pay Additional Amounts) and the payment of such Additional Amounts cannot be avoided by the use of reasonable measures available to the Issuers or the Guarantor. The redemption price will be equal to 100% of the principal
amount of the 2025 Notes plus accrued and unpaid interest to but excluding the date fixed for redemption (a “Tax Redemption Date”), and all Additional Amounts (if any) then due or which will become due on the Tax Redemption
Date as a result of the redemption or otherwise (subject to the right of Holders of the 2025 Notes on any record date occurring prior to the Tax Redemption Date to receive interest due on the relevant interest payment date and Additional Amounts (if
any) in respect thereof). The date and the applicable redemption price will be specified in the notice of tax redemption. Notice of such redemption will be irrevocable, and must be mailed by first-class mail to each Holder’s registered address,
or delivered electronically if held by any depositary in accordance with such depositary’s customary procedures, not less than 15 nor more than 60 days prior to the earliest date on which the Issuers would be obligated to pay such Additional
Amounts if a payment in respect of the 2025 Notes were actually due on such date. No such notice of redemption will be given unless, at the time such notification of redemption is given, such obligation to pay such Additional Amounts remains in
effect. 
 Prior to giving the notice of tax redemption, the Issuers will deliver to the Trustee: 

(i) a certificate signed by a duly authorized Officer stating that the Issuers are entitled to effect the redemption and
setting forth a statement of facts showing that the conditions precedent to the right of the Issuers to so redeem have occurred; and 

(ii) an opinion of independent tax counsel of recognized standing qualified under the laws of the Relevant Jurisdiction,
selected by the Issuers, to the effect that the Issuers are or would be obligated to pay Additional Amounts as a result of a Change in Tax Law. 

The foregoing provisions shall apply mutatis mutandis to any successor to the Issuers or the Guarantor. 

7. MANDATORY REDEMPTION. Except as set forth in Section 5.04 of the Ninth Supplemental Indenture, the Issuers shall
not be required to make mandatory redemption or sinking fund payments with respect to the 2025 Notes. 
 8. NOTICE OF REDEMPTION. At least
10 days but not more than 60 days before a Redemption Date, the Issuers shall mail or cause to be mailed, by first class mail to each Holder’s registered address, or deliver electronically if held by any depositary in accordance with such
depositary’s customary procedures, a notice of redemption to each Holder whose 2025 Notes are to be redeemed. Any redemption and notice thereof may, in the Issuers’ discretion, be subject to the satisfaction of one or more conditions
precedent. 

  
 A-7 

 9. OFFERS TO REPURCHASE. Upon the occurrence of a Change of Control Triggering Event, an
Issuer shall make a Change of Control Offer in accordance with Section 5.04 of the Ninth Supplemental Indenture. 

10. DENOMINATIONS, TRANSFER, EXCHANGE. The 2025 Notes are in registered form without coupons in denominations of $2,000 and integral multiples
of $1,000 in excess thereof. The transfer of 2025 Notes may be registered and 2025 Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and
transfer documents and the Issuers may require Holders to pay any transfer tax or other similar governmental charge payable in connection with such transfer and exchange that are required by law or permitted by the Indenture. The Registrar shall not
be required to register the transfer of or exchange of (a) any 2025 Note selected for redemption in whole or in part pursuant to Article 3 of the Base Indenture, except the unredeemed portion of any such 2025 Note being redeemed in part, or
(b) any such 2025 Note for a period beginning 15 days before the mailing of a notice of an offer to repurchase or redeem such 2025 Notes or 15 days before an Interest Payment Date (whether or not an Interest Payment Date or other date
determined for the payment of interest), and ending on such mailing date or Interest Payment Date, as the case may be. 
 11. PERSONS DEEMED
OWNERS. The registered Holder of this 2025 Note may be treated as its owner for all purposes. 
 12. AMENDMENT, SUPPLEMENT AND WAIVER. The
Indenture, the Note Guarantee or the 2025 Notes may be amended or supplemented as provided in the Indenture. 
 13. DEFAULTS AND REMEDIES.
The Events of Default relating to the 2025 Notes are defined in Section 6.01 of the Base Indenture, as supplemented by Section 7.01 of the Ninth Supplemental Indenture. If any Event of Default
(other than an Event of Default arising from certain events of bankruptcy or insolvency) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding 2025 Notes and all other notes issued under the
Indenture affected thereby (all such series voting as a single class) may declare the principal of and accrued but unpaid interest on all the 2025 Notes to be due and payable immediately by notice in writing to the Issuers and the Trustee (if given
by the Holders) specifying the respective Event of Default and that it is a “notice of acceleration”, and the same shall become immediately due and payable. If an Event of Default arising from certain events of bankruptcy or insolvency
occurs and is continuing, then all unpaid principal of, and premium, if any, and accrued and unpaid interest on all the outstanding 2025 Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the
part of the Trustee or any Holder. Holders may not enforce the Indenture, the Note Guarantee or the 2025 Notes except as provided in the Indenture. Subject to certain limitations, Holders of a majority in aggregate principal amount of the then
outstanding 2025 Notes and all other notes of all series affected thereby may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing Default (except a Default relating to the payment
of principal, premium, if any, or interest) if it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal amount of the then outstanding 2025 Notes and all other notes issued under the Indenture
affected thereby (all such series voting as a single class) by written notice to the Trustee may on behalf of the Holders of all of the 2025 Notes waive any existing Default and its consequences under the Indenture with respect to the 2025 Notes
except a continuing Default in payment of the principal of, premium, if any, or interest on, any of the 2025 Notes held by a non-consenting Holder. The Issuers are required to deliver to the Trustee annually a
statement regarding compliance with the Indenture, and the Issuers are required within 30 Business Days after becoming aware of any Default with respect to the 2025 Notes, to deliver to the Trustee a statement specifying such Default and what action
the Issuers propose to take with respect thereto. 

  
 A-8 

 14. AUTHENTICATION. This 2025 Note shall not be entitled to any benefit under the Indenture
or be valid or obligatory for any purpose until authenticated by the manual or electronic signature of the Trustee or Authenticating Agent. 

15. GOVERNING LAW. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THE 2025 NOTES OF THIS SERIES AND THE
NOTE GUARANTEE TO THE 2025 NOTES. 
 16. CUSIP AND ISIN NUMBERS. The Issuers have caused CUSIP and ISIN numbers to be printed on the 2025
Notes of this series and the Trustee or Registrar may use CUSIP and ISIN numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the 2025 Notes or as contained
in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
 The Issuers will furnish
to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to the Issuers at the following address: 

Aptiv PLC 
 5 Hanover Quay 

Grand Canal Dock 
 Dublin 2,
Ireland 
 Attention: Treasurer 

  
 A-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 (I) or (we)
assign and transfer this Note
to:                                       
                                         
                                         
                                         
              
 (Insert assignee’s legal name) 

 
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably
appoint                                       
                                         
                                         
                                         
                                         
         
 to transfer this Note on the books of the Issuers. The agent may substitute another to act for
him. 
  

	
	 Date:
                        

	
	 Your Signature:
                        

	 (Sign exactly as your name appears on the face of this
Note)

  

	
	 Signature Guarantee*:
                                

  

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 A-10 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is $______________. The following exchanges of a part of this Global Note for an
interest in another Global Note or for a Certificated Note, or exchanges of a part of another Global or Certificated Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	 	 Amount of

decrease in

Principal
 Amount of this
Global Note
	 	 Amount of

increase in

Principal
 Amount of this
Global Note
	 	 Principal

Amount of this Global Note

following such decrease or

increase
	 	 Signature of

authorized
 officer of
Trustee
 or Custodian

 

	*	 This schedule should be included only if the Note is issued in global form 

  
 A-11 

 EXHIBIT B 

[FORM OF FACE OF NOTE] 
 [Global
Note Legend] 
 THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS 2032 NOTE) OR ITS NOMINEE. THIS
GLOBAL NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR ITS NOMINEE ONLY IN LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN
DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO
A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITARY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”) TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH
OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

 CUSIP: 00217G AB9 

ISIN: US00217GAB95 
 GLOBAL NOTE 

3.250% Senior Notes due 2032 
  

			
	No. ___	  	$[____________]

 APTIV PLC and APTIV CORPORATION 

promise to pay to Cede & Co., or registered assigns, 

the principal sum of __________________________________________________________U.S. DOLLARS on March 1, 2032, as such amount may be changed from time to
time pursuant to the Schedule of Exchanges of Interests attached hereto. 
 Interest Payment Dates: March 1 and September 1 

Record Dates: February 15 and August 15 

  
 B-2 

 
			
	APTIV PLC
		
	By:	 	          

	Name:
	Title:
	
	APTIV CORPORATION
		
	By:	 	          

	Name:
	Title:

  
 B-3 

			
	This is one of the 2032 Notes referred to in the within-mentioned Ninth Supplemental Indenture:
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Authenticating Agent
		
	By:	 	          

	      Name:
	      Title:

Dated: _______________, 20__ 

  
 B-4 

 [Form of reverse side of 2032 Note] 

3.250% Senior Note due 2032 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1.    INTEREST. Aptiv PLC (the “Issuer”) and Aptiv Corporation (the “Co-Obligor” and, together with the Issuer, the “Issuers”) promise to pay interest on the principal amount of this 2032 Note at a rate per annum of 3.250% from February 18,
2022 until maturity or pursuant to Section 7.02 of the Ninth Supplemental Indenture. The Issuers will pay interest on this 2032 Note semi-annually in arrears on March 1 and September 1 of each year, commencing on
September 1, 2022, or, if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). The Issuers will make each interest payment to the Holder of record of this 2032 Note
on the immediately preceding February 15 and August 15 (the “Regular Record Date”), as the case may be. Interest on this 2032 Note will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from and including February 18, 2022. The Issuers will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at
the rate borne by this 2032 Note; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at
the rate borne by this 2032 Note. Interest will be computed on the basis of a 360-day year comprise of twelve 30-day months. 

2.    METHOD OF PAYMENT. The Issuers will pay interest on this 2032 Note to the Person who is the registered Holder of
this 2032 Note at the close of business on the Record Date (whether or not a Business Day) next preceding the Interest Payment Date, even if this 2032 Note is cancelled after such record date and on or before such Interest Payment Date, except as
provided in Section 2.13 of the Base Indenture with respect to defaulted interest. Payment of interest may be made by check mailed to the Holders at their addresses set forth in the Note Register of Holders, provided
that (a) all payments of principal, premium, if any, and interest on, 2032 Notes represented by Global Notes registered in the name of or held by the DTC or its nominee will be made by wire transfer of immediately available funds to the
accounts specified by the Holder or Holders thereof and (b) all payments of principal, premium, if any, and interest with respect to Certificated Notes will be made by wire transfer to a U.S. dollar account maintained by the payee with a bank
in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or
such other date as the Trustee or the Paying Agent may accept in its discretion). Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debt. 

3.    AUTHENTICATING AGENT, PAYING AGENT AND REGISTRAR. Initially, Deutsche Bank Trust Company Americas will act as
Authenticating Agent, Paying Agent and Registrar. The Issuers may change any Authenticating Agent, Paying Agent or Registrar without notice to the Holders. Aptiv International Holdings (UK) LLP or any of its Subsidiaries may act in any such
capacity. 
 4.    INDENTURE. The Issuers issued the 2032 Notes under the Senior Indenture (the “Base
Indenture”), dated as of March 10, 2015, among the Issuers, the guarantors party thereto, Wilmington Trust, National Association, as trustee (the “Trustee”) and Deutsche Bank Trust Company Americas, a New
York banking corporation, as Registrar, Paying Agent and Authenticating Agent. The Issuers shall be entitled to issue Additional 2032 Notes pursuant to the Base Indenture. The terms of the 2032 Notes include those stated in the Base Indenture and
those made part of the Base Indenture by reference to the ninth supplemental indenture, among the Issuers, the Guarantor, the Trustee and the Registrar and Paying 

  
 B-5 

 
Agent, dated as of February 18, 2022 (the “Ninth Supplemental Indenture” and together with the Base Indenture, the “Indenture”), setting forth
the additional terms of the 2032 Notes pursuant to Section 2.03 of the Base Indenture and the provisions of the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). The 2032 Notes are
subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this 2032 Note conflicts with the express provisions of the Indenture and those other
provisions forming a part thereof with respect to the 2032 Notes, the provisions of the Indenture and such other provisions with respect to the 2032 Notes shall govern and be controlling. 

5.    OPTIONAL REDEMPTION. At any time prior to December 1, 2031 (three months prior to the maturity date of the 2032
Notes), the Issuers may at their option redeem the 2032 Notes, in whole or in part, at a redemption price equal to the greater of: 

(i)    100% of the principal amount of the 2032 Notes to be redeemed; and 

(ii)    the sum of the present value of (i) the redemption price (100% of the principal amount of the
2032 Notes to be redeemed) on December 1, 2031 and (ii) all required remaining scheduled interest payments due on the 2032 Notes to be redeemed through December 1, 2031 (not including any portion of such payments of interest accrued
and unpaid to the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate plus 25 basis points; 
 plus accrued and unpaid interest on the principal amount of the 2032 Notes to be redeemed to, but not
including, the Redemption Date. The Treasury Rate will be calculated on the Calculation Date. 
 If the 2032 Notes are redeemed at any time
on or after December 1, 2031 (three months prior to the maturity date of the 2032 Notes), the 2032 Notes may be redeemed at a redemption price equal to 100% of the principal amount of the 2032 Notes to be redeemed plus accrued and unpaid
interest thereon to, but not including, the Redemption Date. 
 Notice of such redemption must be mailed by first-class mail to each
Holder’s registered address, or delivered electronically if held by any depositary in accordance with such depositary’s customary procedures, not less than 10 nor more than 60 days prior to the redemption date. If the Issuers partially
redeem the 2032 Notes, the Registrar and Paying Agent, subject to the procedures of The Depository Trust Company, will select the 2032 Notes to be redeemed on a pro rata basis, by lot or by such other method in accordance with the procedures of The
Depository Trust Company, although no 2032 Note less than $2,000 in original principal amount will be redeemed in part. If the Issuers redeem any 2032 Note in part only, the notice of redemption relating to such 2032 Note shall state the portion of
the principal amount thereof to be redeemed. A new 2032 Note in principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original 2032 Note. On and after the redemption date,
interest will cease to accrue on 2032 Notes or portions of such 2032 Notes called for redemption so long as the Issuers have deposited with the Registrar and Paying Agent funds sufficient to pay the principal of the 2032 Notes to be redeemed, plus
accrued and unpaid interest thereon. Any notice of redemption may be conditioned on the satisfaction of one or more conditions precedent. 

  
 B-6 

 6.    TAX REDEMPTION. The Issuers may redeem the 2032 Notes as a whole
but not in part, at its option at any time prior to maturity, upon the giving of a written notice of redemption to the Holders, with a copy to the Trustee, if it determines that, as a result of: 

(i)    any change in or amendment to the laws, or any regulations or rulings promulgated under the laws, of
a Relevant Jurisdiction affecting taxation, or 
 (ii)    any change in or amendment to an official
position regarding the application or interpretation of the laws, regulations or rulings referred to above, which change or amendment is announced and becomes effective after the Issue Date (or, if the Relevant Jurisdiction becomes a Relevant
Jurisdiction on a date after the Issue Date, after such later date) (each of the foregoing, a “Change in Tax Law”), each of the Issuers or the Guarantor is or will become obligated to pay Additional Amounts with respect to
the 2032 Notes or the Note Guarantee on the next succeeding interest payment date, pursuant to Section 5.03 (but in the case of the Guarantor, only if the payments giving rise to such obligation cannot be made by the
Issuers or another Guarantor without the obligation to pay Additional Amounts) and the payment of such Additional Amounts cannot be avoided by the use of reasonable measures available to the Issuers or the Guarantor. The redemption price will be
equal to 100% of the principal amount of the 2032 Notes plus accrued and unpaid interest to but excluding the date fixed for redemption (a “Tax Redemption Date”), and all Additional Amounts (if any) then due or which will
become due on the Tax Redemption Date as a result of the redemption or otherwise (subject to the right of Holders of the 2032 Notes on any record date occurring prior to the Tax Redemption Date to receive interest due on the relevant interest
payment date and Additional Amounts (if any) in respect thereof). The date and the applicable redemption price will be specified in the notice of tax redemption. Notice of such redemption will be irrevocable, and must be mailed by first-class mail
to each Holder’s registered address, or delivered electronically if held by any depositary in accordance with such depositary’s customary procedures, not less than 15 nor more than 60 days prior to the earliest date on which the Issuers
would be obligated to pay such Additional Amounts if a payment in respect of the 2032 Notes were actually due on such date. No such notice of redemption will be given unless, at the time such notification of redemption is given, such obligation to
pay such Additional Amounts remains in effect. 
 Prior to giving the notice of tax redemption, the Issuers will deliver to the Trustee:

 (i)    a certificate signed by a duly authorized Officer stating that the Issuers are entitled to
effect the redemption and setting forth a statement of facts showing that the conditions precedent to the right of the Issuers to so redeem have occurred; and 

(ii)    an opinion of independent tax counsel of recognized standing qualified under the laws of the
Relevant Jurisdiction, selected by the Issuers, to the effect that the Issuers are or would be obligated to pay Additional Amounts as a result of a Change in Tax Law. 

The foregoing provisions shall apply mutatis mutandis to any successor to the Issuers or the Guarantor. 

7.    MANDATORY REDEMPTION. Except as set forth in Section 5.04 of the Ninth Supplemental
Indenture, the Issuers shall not be required to make mandatory redemption or sinking fund payments with respect to the 2032 Notes. 
 8.
    NOTICE OF REDEMPTION. At least 10 days but not more than 60 days before a Redemption Date, the Issuers shall mail or cause to be mailed, by first class mail to each Holder’s registered address, or deliver electronically
if held by any depositary in accordance with such depositary’s customary procedures, a notice of redemption to each Holder whose 2032 Notes are to be redeemed. Any redemption and notice thereof may, in the Issuers’ discretion, be subject
to the satisfaction of one or more conditions precedent. 

  
 B-7 

 9.     OFFERS TO REPURCHASE. Upon the occurrence of a Change of Control
Triggering Event, an Issuer shall make a Change of Control Offer in accordance with Section 5.04 of the Ninth Supplemental Indenture. 

10.    DENOMINATIONS, TRANSFER, EXCHANGE. The 2032 Notes are in registered form without coupons in denominations of $2,000
and integral multiples of $1,000 in excess thereof. The transfer of 2032 Notes may be registered and 2032 Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish
appropriate endorsements and transfer documents and the Issuers may require Holders to pay any transfer tax or other similar governmental charge payable in connection with such transfer and exchange that are required by law or permitted by the
Indenture. The Registrar shall not be required to register the transfer of or exchange of (a) any 2032 Note selected for redemption in whole or in part pursuant to Article 3 of the Base Indenture, except the unredeemed portion of any such 2032
Note being redeemed in part, or (b) any such 2032 Note for a period beginning 15 days before the mailing of a notice of an offer to repurchase or redeem such 2032 Notes or 15 days before an Interest Payment Date (whether or not an Interest
Payment Date or other date determined for the payment of interest), and ending on such mailing date or Interest Payment Date, as the case may be. 

11.    PERSONS DEEMED OWNERS. The registered Holder of this 2032 Note may be treated as its owner for all purposes. 

12.    AMENDMENT, SUPPLEMENT AND WAIVER. The Indenture, the Note Guarantee or the 2032 Notes may be amended or
supplemented as provided in the Indenture. 
 13.    DEFAULTS AND REMEDIES. The Events of Default relating to the 2032
Notes are defined in Section 6.01 of the Base Indenture, as supplemented by Section 7.01 of the Ninth Supplemental Indenture. If any Event of Default (other than an Event of Default arising from
certain events of bankruptcy or insolvency) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding 2032 Notes and all other notes issued under the Indenture affected thereby (all such series
voting as a single class) may declare the principal of and accrued but unpaid interest on all the 2032 Notes to be due and payable immediately by notice in writing to the Issuers and the Trustee (if given by the Holders) specifying the respective
Event of Default and that it is a “notice of acceleration”, and the same shall become immediately due and payable. If an Event of Default arising from certain events of bankruptcy or insolvency occurs and is continuing, then all unpaid
principal of, and premium, if any, and accrued and unpaid interest on all the outstanding 2032 Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. Holders
may not enforce the Indenture, the Note Guarantee or the 2032 Notes except as provided in the Indenture. Subject to certain limitations, Holders of a majority in aggregate principal amount of the then outstanding 2032 Notes and all other notes of
all series affected thereby may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing Default (except a Default relating to the payment of principal, premium, if any, or interest) if
it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal amount of the then outstanding 2032 Notes and all other notes issued under the Indenture affected thereby (all such series voting as a
single class) by written notice to the Trustee may on behalf of the Holders of all of the 2032 Notes waive any existing Default and its consequences under the Indenture with respect to the 2032 Notes except a continuing Default in payment of the
principal of, premium, if any, or interest on, any of the 2032 Notes held by a non-consenting Holder. The Issuers are required to deliver to the Trustee annually a statement regarding compliance with the
Indenture, and the Issuers are required within 30 Business Days after becoming aware of any Default with respect to the 2032 Notes, to deliver to the Trustee a statement specifying such Default and what action the Issuers propose to take with
respect thereto. 

  
 B-8 

 14.    AUTHENTICATION. This 2032 Note shall not be entitled to any
benefit under the Indenture or be valid or obligatory for any purpose until authenticated by the manual or electronic signature of the Trustee or Authenticating Agent. 

15.    GOVERNING LAW. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THE 2032 NOTES
OF THIS SERIES AND THE NOTE GUARANTEE TO THE 2032 NOTES. 
 16.    CUSIP AND ISIN NUMBERS. The Issuers have caused CUSIP
and ISIN numbers to be printed on the 2032 Notes of this series and the Trustee or Registrar may use CUSIP and ISIN numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as
printed on the 2032 Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

The Issuers will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to the Issuers at
the following address: 
 Aptiv PLC 

5 Hanover Quay 
 Grand Canal
Dock 
 Dublin 2, Ireland 

Attention: Treasurer 

  
 B-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 (I) or (we)
assign and transfer this Note to:
                                        
         
 (Insert assignee’s legal name) 

 
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint
                                        
                                         
                                         
                               to transfer this Note on the books of the Issuers. The agent may
substitute another to act for him. 
  

			
	Date:	 	  

 

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

  

			
	Signature Guarantee*:	 	  

  

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

 . 

  
 B-10 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is
$                            . The following exchanges of a part of this Global Note for an interest
in another Global Note or for a Certificated Note, or exchanges of a part of another Global or Certificated Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	 Amount of

decrease in
 Principal

Amount of this Global Note
	  	 Amount of

increase in
 Principal

Amount of this
 Global Note
	  	 Principal

Amount of this
Global Note

following such
decrease or

increase
	  	 Signature of

authorized

officer of Trustee
 or
Custodian

  
  

*This schedule should be included only if the Note is issued in global form 

  
 B-11 

 EXHIBIT C 

[FORM OF FACE OF NOTE] 
 [Global
Note Legend] 
 THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS 2052 NOTE) OR ITS NOMINEE. THIS
GLOBAL NOTE IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR ITS NOMINEE ONLY IN LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN
DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO
A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITARY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”) TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH
OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

 CUSIP: 00217G AC7 

ISIN: US00217GAC78 
 GLOBAL NOTE 

4.150% Senior Notes due 2052 
  

			
	 No. ___
	  	 $[____________]

 APTIV PLC and APTIV CORPORATION 

promise to pay to Cede & Co., or registered assigns, 

the principal sum of __________________________________________________________U.S. DOLLARS on May 1, 2052, as such amount may be changed from time to
time pursuant to the Schedule of Exchanges of Interests attached hereto. 
 Interest Payment Dates: May 1 and November 1 

Record Dates: April 15 and October 15 

  
 C-2 

 
			
	
	APTIV PLC
		
	By:	 	
                 

	Name:
	Title:
	
	APTIV CORPORATION
		
	By:	 	  

	Name:
	Title:

  
 C-3 

			
	This is one of the 2052 Notes referred to in the within-mentioned Ninth Supplemental Indenture:
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Authenticating Agent
		
	By:	 	
                 

		 	Name:
		 	Title:

 Dated:
                            , 20         

  
 C-4 

 [Form of reverse side of 2052 Note] 

4.150% Senior Note due 2052 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1. INTEREST. Aptiv PLC (the “Issuer”) and Aptiv Corporation (the
“Co-Obligor” and, together with the Issuer, the “Issuers”) promise to pay interest on the principal amount of this 2052 Note at a rate per annum of 4.150% from
February 18, 2022 until maturity or pursuant to Section 7.02 of the Ninth Supplemental Indenture. The Issuers will pay interest on this 2052 Note semi-annually in arrears on May 1 and November 1 of each year,
commencing on May 1, 2022, or, if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest Payment Date”). The Issuers will make each interest payment to the Holder of record of this
2052 Note on the immediately preceding April 15 and October 15 (the “Regular Record Date”), as the case may be. Interest on this 2052 Note will accrue from the most recent date to which interest has been paid or, if
no interest has been paid, from and including February 18, 2022. The Issuers will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand
at the rate borne by this 2052 Note; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand
at the rate borne by this 2052 Note. Interest will be computed on the basis of a 360-day year comprise of twelve 30-day months. 

2. METHOD OF PAYMENT. The Issuers will pay interest on this 2052 Note to the Person who is the registered Holder of this 2052 Note at the close
of business on the Record Date (whether or not a Business Day) next preceding the Interest Payment Date, even if this 2052 Note is cancelled after such record date and on or before such Interest Payment Date, except as provided in
Section 2.13 of the Base Indenture with respect to defaulted interest. Payment of interest may be made by check mailed to the Holders at their addresses set forth in the Note Register of Holders, provided that
(a) all payments of principal, premium, if any, and interest on, 2052 Notes represented by Global Notes registered in the name of or held by the DTC or its nominee will be made by wire transfer of immediately available funds to the accounts
specified by the Holder or Holders thereof and (b) all payments of principal, premium, if any, and interest with respect to Certificated Notes will be made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the
United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such
other date as the Trustee or the Paying Agent may accept in its discretion). Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debt. 

3. AUTHENTICATING AGENT, PAYING AGENT AND REGISTRAR. Initially, Deutsche Bank Trust Company Americas will act as Authenticating Agent, Paying
Agent and Registrar. The Issuers may change any Authenticating Agent, Paying Agent or Registrar without notice to the Holders. Aptiv International Holdings (UK) LLP or any of its Subsidiaries may act in any such capacity. 

4. INDENTURE. The Issuers issued the 2052 Notes under the Senior Indenture (the “Base Indenture”), dated as of
March 10, 2015, among the Issuers, the guarantors party thereto, Wilmington Trust, National Association, as trustee (the “Trustee”) and Deutsche Bank Trust Company Americas, a New York banking corporation, as Registrar,
Paying Agent and Authenticating Agent. The Issuers shall be entitled to issue Additional 2052 Notes pursuant to the Base Indenture. The terms of the 2052 Notes include those stated in the Base Indenture and those made part of the Base Indenture by
reference to the ninth supplemental indenture, among the Issuers, the Guarantor, the Trustee and the Registrar and Paying 

  
 C-5 

 
Agent, dated as of February 18, 2022 (the “Ninth Supplemental Indenture” and together with the Base Indenture, the “Indenture”), setting forth
the additional terms of the 2052 Notes pursuant to Section 2.03 of the Base Indenture and the provisions of the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”). The 2052 Notes are
subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of such terms. To the extent any provision of this 2052 Note conflicts with the express provisions of the Indenture and those other
provisions forming a part thereof with respect to the 2052 Notes, the provisions of the Indenture and such other provisions with respect to the 2052 Notes shall govern and be controlling. 

5. OPTIONAL REDEMPTION. At any time prior to November 1, 2051 (six months prior to the maturity date of the 2052 Notes), the Issuers may
at their option redeem the 2052 Notes, in whole or in part, at a redemption price equal to the greater of: 
 (i) 100% of the
principal amount of the 2052 Notes to be redeemed; and 
 (ii) the sum of the present value of (i) the redemption price
(100% of the principal amount of the 2052 Notes to be redeemed) on November 1, 2051 and (ii) all required remaining scheduled interest payments due on the 2052 Notes to be redeemed through November 1, 2051 (not including any portion
of such payments of interest accrued and unpaid to the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus 30 basis points; 
 plus accrued and unpaid interest
on the principal amount of the 2052 Notes to be redeemed to, but not including, the Redemption Date. The Treasury Rate will be calculated on the Calculation Date. 

If the 2052 Notes are redeemed at any time on or after November 1, 2051 (six months prior to the maturity date of the 2052 Notes), the
2052 Notes may be redeemed at a redemption price equal to 100% of the principal amount of the 2052 Notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the Redemption Date. 

Notice of such redemption must be mailed by first-class mail to each Holder’s registered address, or delivered electronically if held by
any depositary in accordance with such depositary’s customary procedures, not less than 10 nor more than 60 days prior to the redemption date. If the Issuers partially redeem the 2052 Notes, the Registrar and Paying Agent, subject to the
procedures of The Depository Trust Company, will select the 2052 Notes to be redeemed on a pro rata basis, by lot or by such other method in accordance with the procedures of The Depository Trust Company, although no 2052 Note less than $2,000 in
original principal amount will be redeemed in part. If the Issuers redeem any 2052 Note in part only, the notice of redemption relating to such 2052 Note shall state the portion of the principal amount thereof to be redeemed. A new 2052 Note in
principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original 2052 Note. On and after the redemption date, interest will cease to accrue on 2052 Notes or portions of such
2052 Notes called for redemption so long as the Issuers have deposited with the Registrar and Paying Agent funds sufficient to pay the principal of the 2052 Notes to be redeemed, plus accrued and unpaid interest thereon. Any notice of redemption may
be conditioned on the satisfaction of one or more conditions precedent. 
 6. TAX REDEMPTION. The Issuers may redeem the 2052 Notes as a
whole but not in part, at its option at any time prior to maturity, upon the giving of a written notice of redemption to the Holders, with a copy to the Trustee, if it determines that, as a result of: 

  
 C-6 

 (i) any change in or amendment to the laws, or any regulations or rulings
promulgated under the laws, of a Relevant Jurisdiction affecting taxation, or 
 (ii) any change in or amendment to an
official position regarding the application or interpretation of the laws, regulations or rulings referred to above, which change or amendment is announced and becomes effective after the Issue Date (or, if the Relevant Jurisdiction becomes a
Relevant Jurisdiction on a date after the Issue Date, after such later date) (each of the foregoing, a “Change in Tax Law”), each of the Issuers or the Guarantor is or will become obligated to pay Additional Amounts with
respect to the 2052 Notes or the Note Guarantee on the next succeeding interest payment date, pursuant to Section 5.03 (but in the case of the Guarantor, only if the payments giving rise to such obligation cannot be made by
the Issuers or another Guarantor without the obligation to pay Additional Amounts) and the payment of such Additional Amounts cannot be avoided by the use of reasonable measures available to the Issuers or the Guarantor. The redemption price will be
equal to 100% of the principal amount of the 2052 Notes plus accrued and unpaid interest to but excluding the date fixed for redemption (a “Tax Redemption Date”), and all Additional Amounts (if any) then due or which will
become due on the Tax Redemption Date as a result of the redemption or otherwise (subject to the right of Holders of the 2052 Notes on any record date occurring prior to the Tax Redemption Date to receive interest due on the relevant interest
payment date and Additional Amounts (if any) in respect thereof). The date and the applicable redemption price will be specified in the notice of tax redemption. Notice of such redemption will be irrevocable, and must be mailed by first-class mail
to each Holder’s registered address, or delivered electronically if held by any depositary in accordance with such depositary’s customary procedures, not less than 15 nor more than 60 days prior to the earliest date on which the Issuers
would be obligated to pay such Additional Amounts if a payment in respect of the 2052 Notes were actually due on such date. No such notice of redemption will be given unless, at the time such notification of redemption is given, such obligation to
pay such Additional Amounts remains in effect. 
 Prior to giving the notice of tax redemption, the Issuers will deliver to the Trustee:

 (i) a certificate signed by a duly authorized Officer stating that the Issuers are entitled to effect the redemption and
setting forth a statement of facts showing that the conditions precedent to the right of the Issuers to so redeem have occurred; and 

(ii) an opinion of independent tax counsel of recognized standing qualified under the laws of the Relevant Jurisdiction,
selected by the Issuers, to the effect that the Issuers are or would be obligated to pay Additional Amounts as a result of a Change in Tax Law. 

The foregoing provisions shall apply mutatis mutandis to any successor to the Issuers or the Guarantor. 

7. MANDATORY REDEMPTION. Except as set forth in Section 5.04 of the Ninth Supplemental Indenture, the Issuers shall
not be required to make mandatory redemption or sinking fund payments with respect to the 2052 Notes. 
 8. NOTICE OF REDEMPTION. At least 10
days but not more than 60 days before a Redemption Date, the Issuers shall mail or cause to be mailed, by first class mail to each Holder’s registered address, or deliver electronically if held by any depositary in accordance with such
depositary’s customary procedures, a notice of redemption to each Holder whose 2052 Notes are to be redeemed. Any redemption and notice thereof may, in the Issuers’ discretion, be subject to the satisfaction of one or more conditions
precedent. 

  
 C-7 

 9. OFFERS TO REPURCHASE. Upon the occurrence of a Change of Control Triggering Event, an
Issuer shall make a Change of Control Offer in accordance with Section 5.04 of the Ninth Supplemental Indenture. 

10. DENOMINATIONS, TRANSFER, EXCHANGE. The 2052 Notes are in registered form without coupons in denominations of $2,000 and integral multiples
of $1,000 in excess thereof. The transfer of 2052 Notes may be registered and 2052 Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and
transfer documents and the Issuers may require Holders to pay any transfer tax or other similar governmental charge payable in connection with such transfer and exchange that are required by law or permitted by the Indenture. The Registrar shall not
be required to register the transfer of or exchange of (a) any 2052 Note selected for redemption in whole or in part pursuant to Article 3 of the Base Indenture, except the unredeemed portion of any such 2052 Note being redeemed in part, or
(b) any such 2052 Note for a period beginning 15 days before the mailing of a notice of an offer to repurchase or redeem such 2052 Notes or 15 days before an Interest Payment Date (whether or not an Interest Payment Date or other date
determined for the payment of interest), and ending on such mailing date or Interest Payment Date, as the case may be. 
 11. PERSONS DEEMED
OWNERS. The registered Holder of this 2052 Note may be treated as its owner for all purposes. 
 12. AMENDMENT, SUPPLEMENT AND WAIVER. The
Indenture, the Note Guarantee or the 2052 Notes may be amended or supplemented as provided in the Indenture. 
 13. DEFAULTS AND REMEDIES.
The Events of Default relating to the 2052 Notes are defined in Section 6.01 of the Base Indenture, as supplemented by Section 7.01 of the Ninth Supplemental Indenture. If any Event of Default
(other than an Event of Default arising from certain events of bankruptcy or insolvency) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding 2052 Notes and all other notes issued under the
Indenture affected thereby (all such series voting as a single class) may declare the principal of and accrued but unpaid interest on all the 2052 Notes to be due and payable immediately by notice in writing to the Issuers and the Trustee (if given
by the Holders) specifying the respective Event of Default and that it is a “notice of acceleration”, and the same shall become immediately due and payable. If an Event of Default arising from certain events of bankruptcy or insolvency
occurs and is continuing, then all unpaid principal of, and premium, if any, and accrued and unpaid interest on all the outstanding 2052 Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the
part of the Trustee or any Holder. Holders may not enforce the Indenture, the Note Guarantee or the 2052 Notes except as provided in the Indenture. Subject to certain limitations, Holders of a majority in aggregate principal amount of the then
outstanding 2052 Notes and all other notes of all series affected thereby may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing Default (except a Default relating to the payment
of principal, premium, if any, or interest) if it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal amount of the then outstanding 2052 Notes and all other notes issued under the Indenture
affected thereby (all such series voting as a single class) by written notice to the Trustee may on behalf of the Holders of all of the 2052 Notes waive any existing Default and its consequences under the Indenture with respect to the 2052 Notes
except a continuing Default in payment of the principal of, premium, if any, or interest on, any of the 2052 Notes held by a non-consenting Holder. The Issuers are required to deliver to the Trustee annually a
statement regarding compliance with the Indenture, and the Issuers are required within 30 Business Days after becoming aware of any Default with respect to the 2052 Notes, to deliver to the Trustee a statement specifying such Default and what action
the Issuers propose to take with respect thereto. 

  
 C-8 

 14. AUTHENTICATION. This 2052 Note shall not be entitled to any benefit under the Indenture
or be valid or obligatory for any purpose until authenticated by the manual or electronic signature of the Trustee or Authenticating Agent. 

15. GOVERNING LAW. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THE 2052 NOTES OF THIS SERIES AND THE
NOTE GUARANTEE TO THE 2052 NOTES. 
 16. CUSIP AND ISIN NUMBERS. The Issuers have caused CUSIP and ISIN numbers to be printed on the 2052
Notes of this series and the Trustee or Registrar may use CUSIP and ISIN numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the 2052 Notes or as contained
in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
 The Issuers will furnish
to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to the Issuers at the following address: 

Aptiv PLC 
 5 Hanover Quay 

Grand Canal Dock 
 Dublin 2,
Ireland 
 Attention: Treasurer 

  
 C-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 (I) or (we)
assign and transfer this Note to:
                                        
         
 (Insert assignee’s legal name) 

 
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint
                                        
                                         
                                         
                               to transfer this Note on the books of the Issuers. The agent may
substitute another to act for him. 
  

			
	Date:	 	  

 

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

  

			
	Signature Guarantee*:	 	  

  

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 C-10 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The initial outstanding principal amount of this Global Note is $______________. The following exchanges of a part of this Global Note for an
interest in another Global Note or for a Certificated Note, or exchanges of a part of another Global or Certificated Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	  	 Amount of

decrease in
 Principal

Amount of this
 Global Note
	  	 Amount of

increase in
 Principal

Amount of this
 Global Note
	  	 Principal

Amount of this
Global Note

following such
decrease or

increase
	  	 Signature of

authorized

officer of Trustee
 or
Custodian

  
  

	*This	 schedule should be included only if the Note is issued in global form 

  
 C-11EX-10.1

 Exhibit 10.1 

Execution Version 

AMENDMENT NO. 3 TO CREDIT AGREEMENT 

THIS AMENDMENT NO. 3 TO CREDIT AGREEMENT (“Amendment”) is dated as of February 17, 2022 and is by and among INSTALLED
BUILDING PRODUCTS, INC., a Delaware corporation (the “Borrower”), the financial institutions party hereto as Lenders, and BANK OF AMERICA, N.A., a national banking association, as agent for the Lenders (the “Administrative
Agent”). Capitalized terms used herein but not otherwise defined herein shall have the respective meanings assigned to such terms in the Credit Agreement referred to herein below. 

W I T N E S S E T H: 

WHEREAS, Borrower, the other Credit Parties party thereto, the Administrative Agent and the Lenders party thereto from time are parties to
that certain Credit Agreement dated as of September 26, 2019 (as amended, modified, supplemented, extended, renewed, restated or replaced, the “Credit Agreement”); 

WHEREAS, Borrower has requested that the Administrative Agent and the Lenders agree to amend the Credit Agreement in certain respects as more
fully described herein, and the Administrative Agent and Majority Lenders have agreed to the foregoing requests, on the terms and conditions set forth herein; 

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the respective parties hereto hereby agree as follows: 
 1.
Amendments to Credit Agreement. In reliance upon the representations and warranties of Borrower set forth in Section 3 below and subject to the conditions to effectiveness set forth in Section 2 below: 

 

	 	(a)	 the Credit Agreement is hereby amended to delete red or green stricken text (indicated textually in the
same manner as the following examples: stricken text and stricken text) and (b) to add the blue or green double-underlined text (indicated textually in
the same manner as the following examples: double-underlined text and
double-underlined text), in each case, as set forth in the conformed copy of the Credit Agreement attached hereto as Exhibit A and made a part hereof for
all purposes; 

  

	 	(b)	 Schedule 1.1(a) to the Credit Agreement is hereby amended and restated in its entirety in the form attached
hereto as Schedule 1.1(a). 

	 	(c)	 Exhibits E and F to the Credit Agreement are hereby amended and restated in their entirety in the forms
attached hereto as Exhibits E and F, respectively. 

 2. Conditions. The effectiveness of this
Amendment is subject to the satisfaction of the following conditions: 
 (a) the Administrative Agent shall have received a copy of this
Amendment executed by Borrower, together with the consent and reaffirmation attached hereto executed by each Guarantor; 
 (b) all fees and
expenses of the Administrative Agent’s legal counsel shall have been paid (to the extent invoiced in connection with this Amendment on or prior to the date hereof), including without limitation those fees set forth in that certain Supplemental
Fee Letter dated as of February 10, 2022 between Borrower and Administrative Agent; 
 (c) no Default or Event of Default shall have
occurred and be continuing or shall be caused by the transactions contemplated by this Amendment; 
 (d) Administrative Agent shall have
received fully executed copies of each of the documents listed in the Closing Checklist attached hereto as Exhibit B, other than any items designated as post-closing items therein, each in form and substance satisfactory to Administrative
Agent; 
 (e) immediately prior to and following the effectiveness of this Amendment, Excess Availability shall not be less than
$200,000,000.00; and 
 (f) all proceedings taken in connection with the transactions contemplated by this Amendment and all agreements,
documents, instruments and other legal matters incident thereto shall be satisfactory to the Administrative Agent and its legal counsel. 

3. Representations and Warranties. To induce the Administrative Agent and Lenders to execute and deliver this Amendment, Borrower hereby
represents and warrants to the Administrative Agent and Lenders that, after giving effect to this Amendment: 
 (a) All representations and
warranties of the Credit Parties contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects (provided that if any representation or warranty already includes a materiality or material adverse
effect qualifier, such representation or warranty shall be true and correct in all respects) as of the date hereof, except to the extent made with respect to a specific, earlier date, in which case such representation and warranty shall have been
true and correct in all material respects (provided that if any representation or warranty already includes a materiality or material adverse effect qualifier, such representation or warranty shall be true and correct in all respects) as of
such earlier date; 
 (b) No Event of Default has occurred which is continuing; 

  
 -2- 

 (c) This Amendment and the Credit Agreement constitute legal, valid and binding obligations
of the Borrower and each other Credit Party and are enforceable against the Borrower and each other Credit Party in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of creditors’ rights generally at law or by equitable principles relating to enforceability; and 

(d) The execution and delivery by Borrower of this Amendment does not require the consent or approval of any Person, except such consents and
approvals as have been obtained. 
 4. Post-Closing Obligation. No later than twenty (20) Business Days after the date hereof (or
such later date as may be agreed to by the Administrative Agent in its sole discretion), Borrower shall deliver 
 (a) copies of the charters
of each of IBP Exteriors, Inc. and Installed Building Products – Portland, LLC in each case certified by the Secretary of State (or analogous agency) of such Guarantor’s jurisdiction of organization; 

(b) a good standing certificate for Apple Valley Insulation, a BDI Company, Inc. issued by the State of California showing that such Guarantor
is in good standing in such jurisdiction; and 
 (c) (i) a certificate of insurance with respect to each Credit Party’s property
insurance and business interruption insurance policy on Accord Form 28 showing Administrative Agent as certificate holder and a lenders’ loss payee and accurately listing each Credit Party as an insured party and each insured location of each
Credit Party, (ii) a certificate of insurance with respect to each Credit Party’s liability insurance policy showing Administrative Agent as certificate holder and additional insured and accurately listing each Credit Party as an insured
party, (iii) a letter from each Credit Party’s insurance agent stating that other than Administrative Agent there is no other loss payee on such Credit Party’s property insurance policy (or naming such additional loss payees),
(iv) an additional insured endorsement with respect to each Credit Party’s liability insurance policy naming Administrative Agent as an additional insured under such policy, (iv) a notice of cancellation endorsement in favor of
Administrative Agent with respect to each Credit Party’s liability insurance policy (providing Administrative Agent at least 30 days’ prior written notice of cancellation such policy and 10 days’ prior written notice of cancellation
for non-payment of premium), (v) a lender’s loss payable endorsement naming Administrative Agent as a lender’s loss payee with respect to each Credit Party’s property insurance policy and (vi) a notice of cancellation
endorsement in favor of Administrative Agent with respect to each Credit Party’s property insurance policy (providing Administrative Agent at least 30 days’ prior written notice of cancellation such policy and 10 day’s prior written
notice of cancellation for non-payment of premium); in each case in form and substance reasonably acceptable to Administrative Agent. Any breach of the covenants set forth in this Section 4 shall constitute an immediate Event of Default. 

5. Settlement. Upon the effectiveness of this Amendment, the Lenders each hereby agree to make such inter-Lender assignments among
themselves on such effective date as may be required to cause the Revolving Loan Commitments of each Lender as of such effective date to match the Revolving Loan Commitments set forth on Schedule 1.01(a) to the Credit Agreement (as amended by this
Amendment). On such effective date, each Lender agrees that such Lender holds the Revolving Loan Commitments set forth on Schedule 1.01(a) to the Credit Agreement (as amended by this Amendment). 

  
 -3- 

 6. Acknowledgment and Reaffirmation of Loan Documents. Borrower, on behalf of each
Credit Party, hereby ratifies, affirms, acknowledges and agrees that (i) the Credit Agreement and the other Loan Documents to which they are a party represent the valid, enforceable and collectible obligations of such Credit Party, and further
acknowledges that there are no existing claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to the Credit Agreement or any other Loan Document, (ii) this Amendment in no way acts as a release or relinquishment
of the Liens and rights securing payment of the Obligations, (iii) the Liens and rights securing payment of the Obligations are hereby ratified and confirmed in all respects and (iv) the Agreement and each of the other Loan Documents to
which such Credit Party is a party shall continue to remain in full force and effect. 
 7. Release. 

(a) In consideration of the agreements of the Administrative Agent and Lenders contained and/or described herein and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Borrower, on behalf of each Credit Party and each of its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably
releases, remises and forever discharges the Administrative Agent and Lenders and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees,
agents and other representatives (the Administrative Agent, Lenders and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”), of and from all known
demands, actions, causes of action, suits, controversies, damages and any and all other known claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually, a “Claim” and collectively,
“Claims”) of every name and nature, both at law and in equity, each Credit Party or any of its successors, assigns, or other legal representatives may now own, hold, have or claim to have against the Releasees or any of them for,
upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment for or on account of, or in relation to, or in any way in connection with any of the Credit
Agreement, or any of the other Loan Documents or transactions thereunder or related thereto. 
 (b) Borrower, on behalf of each Credit Party,
understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or
attempted in breach of the provisions of such release. 
 8. Miscellaneous. 

(a) Expenses. Borrower, on behalf of each Credit Party, hereby agrees that all expenses incurred by the Administrative Agent and Lenders
in connection with the preparation, negotiation and closing of the transactions contemplated hereby, including without limitation reasonable attorneys’ fees and expenses shall be part of the Obligations. 

  
 -4- 

 (b) Loan Document. Borrower, on behalf of each Credit Party, hereby acknowledges and
agrees that this Amendment constitutes a Loan Document. 
 (c) Governing Law. This Amendment shall be a contract made under and
governed by the internal laws of the State of New York. 
 (d) Severability. Any provision of this Amendment held by a court of
competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held to be invalid or unenforceable. 

(e) Counterparts. This Amendment may be executed in one or more counterparts, each of which shall constitute an original, but all of
which taken together shall be one and the same instrument. Delivery by telecopy or electronic portable document format (i.e., “pdf”) transmission of executed signature pages hereof from one party hereto to another party hereto shall
be deemed to constitute due execution and delivery by such party. 
 (f) Ratification. The terms and provisions set forth in this
Amendment shall modify and supersede all inconsistent terms and provisions of the Credit Agreement and shall not be deemed to be a consent to the modification or waiver of any other term or condition of the Credit Agreement. Except as expressly
modified and superseded by this Amendment, the terms and provisions of the Credit Agreement are ratified and confirmed and shall continue in full force and effect. 

(g) Reference. Any reference to the Credit Agreement contained in any document, instrument or agreement executed in connection with the
Credit Agreement shall be deemed to be a reference to the Credit Agreement as modified by this Amendment. 
 (h) Successors. This
Amendment shall be binding upon the Credit Parties, the Administrative Agent, Lenders and their respective successors and assigns, and shall inure to the benefit of the Credit Parties, the Administrative Agent, Lenders and their respective
successors and assigns. 
 [Signature page to follow] 

  
 -5- 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their proper and duly authorized officers as of the date first set forth above. 
  

							
	BORROWER:	 		 	INSTALLED BUILDING PRODUCTS, INC.
				
		 		 	By:	 	 /s/ Michael T. Miller

		 		 	Name:	 	Michael T. Miller
		 		 	Title:	 	Executive Vice President and Chief Financial Officer

 Signature Page to Amendment No. 3 to Credit Agreement 

							
	ADMINISTRATIVE AGENT AND A LENDER:	 		 	BANK OF AMERICA, N.A.
				
		 		 	By:	 	 /s/ Brian Scawinski

		 		 	Name:	 	Brian Scawinski
		 		 	Title:	 	Vice President

 Signature Page to Amendment No. 3 to Credit Agreement 

							
	LENDERS:	 		 	 KEYBANK NATIONAL ASSOCIATION, 

as a Lender

				
		 		 	By:	 	 /s/ Linda Skinner

		 		 	Name:	 	Linda Skinner
		 		 	Title:	 	Vice President

 Signature Page to Amendment No. 3 to Credit Agreement 

							
	LENDERS CONT’D:	 		 	 PNC BANK, NATIONAL ASSOCIATION,

as a Lender

				
		 		 	By:	 	 /s/ Paul Smith

		 		 	Name:	 	Paul Smith
		 		 	Title:	 	Assistant Vice President

 Signature Page to Amendment No. 3 to Credit Agreement 

							
	LENDERS CONT’D:	 		 	 U.S. BANK NATIONAL ASSOCIATION,

as a Lender

				
		 		 	By:	 	 /s/ Troy Bell

		 		 	Name:	 	Troy Bell
		 		 	Title:	 	Vice President

 Signature Page to Amendment No. 3 to Credit Agreement 

							
	LENDERS CONT’D:	 		 	 NORTHWEST BANK,
 as a
Lender

				
		 		 	By:	 	 /s/ Stephen J. Orban

		 		 	Name:	 	Stephen J. Orban
		 		 	Title:	 	Senior Vice President

 Signature Page to Amendment No. 3 to Credit Agreement 

 CONSENT AND REAFFIRMATION 

Each of the undersigned (each a “Guarantor” and collectively, “Guarantors”) hereby (i) acknowledges
receipt of a copy of the foregoing Amendment No. 3 to Credit Agreement (the “Amendment”); (ii) consents to Borrower’s execution and delivery of the Amendment; (iii) agrees to be bound by the Amendment; and
(iv) reaffirms that all Loan Documents (as amended by the Amendment) to which the undersigned is a party shall continue to remain in full force and effect. Although such Guarantor has been informed of the matters set forth in the Amendment and
has acknowledged and agreed to same, such Guarantor understands that the Administrative Agent has no obligation to inform such Guarantor of such matters in the future or to seek any Guarantor’s acknowledgment or agreement to future amendments,
waivers or consents, and nothing herein shall create such a duty. 
 [Signature pages to follow] 

Consent and Reaffirmation Amendment No. 3 to Credit Agreement 

 IN WITNESS WHEREOF, the parties hereto have caused this Consent and Reaffirmation to be duly
executed and delivered by their proper and duly authorized officers as of the date first set forth above. 
 A+ INSULATION OF KANSAS CITY,
LLC 
 ACCURATE INSULATION LLC 

ACCURATE INSULATION OF COLORADO, LLC 

ACCURATE INSULATION OF DELAWARE, LLC 

ACCURATE INSULATION OF UPPER MARLBORO, LLC 

ADVANCED FIBER, LLC 
 ADVANCED
INSULATION, LLC 
 ALL CONSTRUCTION SERVICES, LLC 

ALL IN ONE & MOORE BUILDING SYSTEMS, LLC 

ALPHA INSULATION & WATER PROOFING COMPANY 

ALPHA INSULATION & WATER PROOFING, INC. 

ALPINE CONSTRUCTION OF COLORADO, LLC 

ALPINE INSULATION I, LLC 
 AMD
DISTRIBUTION SERVICES, LLC 
 AMERICAN INSULATION & ENERGY SERVICES, LLC 

ANY SEASON INSULATION, LLC 
 APPLE
VALLEY INSULATION, A BDI COMPANY, INC. 
 ASTRO INSULATION OF ILLINOIS, LLC 

BAYTHERM INSULATION, LLC 
 BDI
INSULATION OF IDAHO FALLS, INC. 
 BDI INSULATION OF SALT LAKE, L.L.C. 

BIG CITY INSULATION, INC. 
 BIG
CITY INSULATION OF IDAHO, INC. 
 B-ORGANIZED INSULATION, LLC 

BROKEN DRUM OF BAKERSFIELD, INC. 

BROKEN DRUM INSULATION VISALIA, INC. 

BUILDERS INSTALLED PRODUCTS OF MAINE, LLC 

BUILDERS INSTALLED PRODUCTS OF NEW HAMPSHIRE, LLC 

BUILDERS INSTALLED PRODUCTS OF NEW YORK, LLC 
  

					
	        	 	By:	 	 /s/ Michael T. Miller

		 	Name:	 	Michael T. Miller
		 	Title:	 	Executive Vice President and Chief Financial Officer

 Signature Page to Consent and Reaffirmation to Amendment No. 3 to Credit Agreement 

 BUILDERS INSTALLED PRODUCTS OF VERMONT, LLC 

BUILDING MATERIALS FINANCE, INC. 

CFI INSULATION, INC. 
 CLS
INSULATION, LLC 
 CORNHUSKER INSULATION, LLC 

C.Q. INSULATION, INC. 
 DIVISION 7
8 9 SUPPLY, LLC 
 EAST COAST INSULATORS II, LLC 

EASTERN CONTRACTOR SERVICES LIMITED LIABILITY COMPANY 

ECOLOGIC ENERGY SOLUTIONS, LLC 

EDWARDS/MOONEY & MOSES, LLC 

ELITE SPRAY FOAM OF LAS VEGAS, LLC 

EMPER HOLDINGS, LLC 
 ENERGY
SAVERS OF LOUISVILLE, LLC 
 EXPERT INSULATION OF MINNESOTA, LLC 

FIBERCLASS INSULATION, LLC 
 FIRST
STATE BUILDING PRODUCTS, LLC 
 FORT WAYNE URETHANE, LLC 

GARAGE DOOR SYSTEMS, LLC 
 GOLD
INSULATION, INC. 
 GREEN STAR PLUS INSULATION, LLC 

G-T-G, LLC 
 GULF COAST
INSULATION, LLC 
 HINKLE INSULATION & DRYWALL COMPANY, INCORPORATED 

HORIZON ELECTRIC SERVICES, LLC 

I.W. INTERNATIONAL INSULATION INCORPORATED 

IBHL A HOLDING COMPANY, INC. 

IBHL B HOLDING COMPANY, INC. 

IBHL II-A HOLDING COMPANY, INC. 

IBHL II-B HOLDING COMPANY, INC. 

IBP ARCTIC EXPRESS, LLC 
 IBP
ASSET, LLC 
 IBP ASSET II, LLC 

IBP CORPORATION HOLDINGS, INC. 

IBP EXTERIORS, INC. 
  

					
	        	 	By:	 	 /s/ Michael T. Miller

		 	Name:	 	Michael T. Miller
		 	Title:	 	Executive Vice President and Chief Financial Officer

 Signature Page to Consent and Reaffirmation to Amendment No. 3 to Credit Agreement 

 IBP HOLDINGS, LLC 

IBP HOLDINGS II, LLC 
 IBP LEGACY
GLASS & SUPPLY, LLC 
 IBP LOGISTICS, LLC 

IBP OF MANSFIELD, LLC 
 IBP OF
OKLAHOMA, LLC 
 IBP OF SAN ANTONIO, LLC 

IBP OF TOLEDO, LLC 
 IBP TEXAS
ASSETS I, LLC 
 IBP TEXAS ASSETS II, LLC 

IBP TEXAS ASSETS III, LLC 
 IBP
RATING SERVICES, LLC 
 INSTALLED BUILDING PRODUCTS, LLC 

INSTALLED BUILDING PRODUCTS II, LLC 

INSTALLED BUILDING PRODUCTS DISTRIBUTION SERVICES, LLC 

INSTALLED BUILDING PRODUCTS – PANHANDLE, LLC 

INSTALLED BUILDING PRODUCTS OF FORT MYERS, LLC 

INSTALLED BUILDING PRODUCTS OF HOUSTON, LLC 

INSTALLED BUILDING PRODUCTS OF JACKSONVILLE, LLC 

INSTALLED BUILDING PRODUCTS OF MAINE, LLC 

INSTALLED BUILDING PRODUCTS OF MIAMI, LLC 

INSTALLED BUILDING PRODUCTS OF TAMPA, LLC 

INSTALLED BUILDING PRODUCTS OF UTAH, LLC 

INSTALLED BUILDING PRODUCTS OF WEST PALM, LLC 

INSTALLED BUILDING PRODUCTS—PORTLAND, LLC 

INSTALLED BUILDING SOLUTIONS II, LLC 

INSULATION NORTHWEST, LLC 

INSULATION WHOLESALE SUPPLY, LLC 

INSULVAIL, LLC 
 KEY INSULATION OF
AUSTIN, LLC 
 KEY INSULATION OF SAN ANTONIO, LLC 

LAKESIDE INSULATION, LLC 
 LAYMAN
BROTHERS INSULATION, LLC 
 LKS TRANSPORTATION, LLC 

LOVEDAY INSULATION, LLC 
 M&D
INSULATION, LLC 
 MAP INSTALLED BUILDING PRODUCTS OF SAGAMORE, LLC 

MAP INSTALLED BUILDING PRODUCTS OF SEEKONK, LLC 

MARV’S INSULATION, INC. 
  

					
	        	 	By:	 	 /s/ Michael T. Miller

		 	Name:	 	Michael T. Miller
		 	Title:	 	Executive Vice President and Chief Financial Officer

 Signature Page to Consent and Reaffirmation to Amendment No. 3 to Credit Agreement 

 METRO HOME INSULATION, LLC 

MID-ATLANTIC INSULATION, LLC 
 MID
SOUTH CONSTRUCTION AND BUILDING PRODUCTS, INC. 
 MIG BUILDING SYSTEMS, LLC 

MIG BUILDING SYSTEMS OF EAST SYRACUSE, LLC 

MOMPER INSULATION OF CROWN POINT, LLC 

MOMPER INSULATION OF ELKHART, LLC 

MOMPER INSULATION OF FORT WAYNE, LLC 

NORTHWEST INSULATION, LLC 
 OJ
INSULATION HOLDINGS, INC. 
 PACIFIC PARTNERS INSULATION NORTH, A BDI COMPANY, LLC 

PACIFIC PARTNERS INSULATION SOUTH, A BDI COMPANY, LLC 

PARKER INSULATION AND BUILDING PRODUCTS, LLC 

PEG, LLC 
 PREMIER BUILDING
SUPPLY, LLC 
 PREMIER BUILDING SUPPLY SLC, LLC 

RAJAN, LLC 
 ROCKET INSULATION,
LLC 
 ROCKFORD INSULATION, LLC 

ROYALS COMMERCIAL OF MARYLAND, LLC 

SCE OF CHICAGO, LLC 
 SIERRA
INSULATION CONTRACTORS II, LLC 
 SOUTHERN INSULATORS, LLC 

SPEC 7 INSULATION CO., LLC 

SUBURBAN INSULATION, INC. 

SUPERIOR INSULATION, LLC 

SUPERIOR INSULATION SERVICES, LLC 

TCI CONTRACTING, LLC 
 TCI
CONTRACTING OF CHARLESTON, LLC 
 TCI CONTRACTING OF HILTON HEAD, LLC 

TCI CONTRACTING OF KENTUCKY, LLC 
  

					
	        	 	By:	 	 /s/ Michael T. Miller

		 	Name:	 	Michael T. Miller
		 	Title:	 	Executive Vice President and Chief Financial Officer

 Signature Page to Consent and Reaffirmation to Amendment No. 3 to Credit Agreement 

 TCI CONTRACTING OF MEMPHIS, LLC 

TCI CONTRACTING OF NASHVILLE, LLC 

TCI CONTRACTING OF THE GULF, LLC 

THERMAL CONTROL INSULATION, LLC 

THERM-CON OF TENNESSEE, LLC 

TIDEWATER INSULATORS, LLC 
 TOWN
BUILDING SYSTEMS, LLC 
 TRADEMARK ROOFING COMPANY, INC. 

TRADEMARK SEAMLESS GUTTER COMPANY, INC. 

TRILOK INDUSTRIES, INC. 
 U.S.
INSULATION CORP. 
 WATER-TITE COMPANY, LLC 

WILSON INSULATION COMPANY, LLC 

WEATHERSEAL COMPANY, LLC 
 5 STAR
BUILDING PRODUCTS LLC 
 5 STAR BUILDING PRODUCTS OF SOUTHERN UTAH, LLC 

 

					
	        	 	By:	 	 /s/ Michael T. Miller

		 	Name:	 	Michael T. Miller
		 	Title:	 	Executive Vice President and Chief Financial Officer

 ALERT INSULATION OF CALIFORNIA, LLC 

ASTER CONTRACTORS HOLDINGS, LLC 

INSULATION CONTRACTORS OF WASHINGTON, LLC 

NORKOTE OF WASHINGTON, LLC 
  

					
	        	 	By:	 	 /s/ Michael T. Miller

		 	Name:	 	Michael T. Miller
		 	Title:	 	Executive Vice President

 Signature Page to Consent and Reaffirmation to Amendment No. 3 to Credit Agreement 

 GOLD STAR INSULATION, L.P. 

 

					
	                	 	By: Gold Insulation, Inc., its General Partner
			
		 	By:	 	 /s/ Michael T. Miller

		 	Name:	 	Michael T. Miller
		 	Title:	 	Executive Vice President and Chief Financial Officer

 OJ INSULATION, L.P. 
  

					
	                	 	By: OJ Insulation Holdings, Inc., its General Partner
			
		 	By:	 	 /s/ Michael T. Miller

		 	Name:	 	Michael T. Miller
		 	Title:	 	Executive Vice President and Chief Financial Officer

 Signature Page to Consent and Reaffirmation to Amendment No. 3 to Credit Agreement 

 EXHIBIT A 

CONFORMED CREDIT AGREEMENT 

  
 Exhibit A 

Annex A to
Third Amendment 

<CONFORMED thru> 
 <Consent and Amendment No. 1 to Credit Agreement (12.17.19)> 

<Consent and Amendment No. 2 to Credit Agreement (12.14.21)> 

CREDIT AGREEMENT 
 dated as
of September 26, 2019 
 among 

INSTALLED BUILDING PRODUCTS, INC., 

as the Borrower, 
 THE
GUARANTORS FROM TIME TO TIME PARTY HERETO, 
 THE LENDERS FROM TIME TO TIME PARTY HERETO, 

and 
 BANK OF AMERICA,
N.A.,, 
 as Issuing Bank, Swing Bank and Administrative Agent 

with 
 KEYBANK NATIONAL
ASSOCIATION, 
 as a Syndication Agent 

and 
 U.S. BANK NATIONAL
ASSOCIATION, 
 as a Syndication Agent 
  

 
  

BANK OF AMERICA, N.A., 

as Sole Lead Arranger 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE 1 DEFINITIONS, ACCOUNTING PRINCIPLES AND OTHER INTERPRETIVE MATTERS
	  	 	1	 
			
	 Section 1.1
	 	Definitions	  	 	1	 
			
	 Section 1.2
	 	Uniform Commercial Code	  	 	<71>73	 
			
	 Section 1.3
	 	Accounting Principles	  	 	<71>73	 
			
	 Section 1.4
	 	Other Interpretive Matters	  	 	<71>74	 
			
	 Section 1.5
	 	Currency Translations	  	 	<72>74	 
			
	 Section 1.6
	 	Calculation of Excess Availability	  	 	<72>74	 
			
	 Section 1.7
	 	Reserves; Changes to Eligibility Criteria	  	 	<72>75	 
			
	 Section 1.8
	 	Time References	  	 	<73>75	 
			
	 Section 1.9
	 	Divisions	  	 	<73>75	 
		
	 ARTICLE 2 THE LOANS AND THE LETTERS OF CREDIT
	  	 	<73>75	 
			
	 Section 2.1
	 	Extension of Credit	  	 	<73>75	 
			
	 Section 2.2
	 	Manner of Borrowing and Disbursement of Loans	  	 	<78>80	 
			
	 Section 2.3
	 	Interest	  	 	<82>85	 
			
	 Section 2.4
	 	Fees	  	 	<83>86	 
			
	 Section 2.5
	 	Prepayment/Cancellation of Revolving Loan Commitment	  	 	<84>87	 
			
	 Section 2.6
	 	Repayment	  	 	<86>89	 
			
	 Section 2.7
	 	Notes; Loan Accounts	  	 	<86>89	 
			
	 Section 2.8
	 	Manner of Payment; When Payments Due	  	 	<86>89	 
			
	 Section 2.9
	 	Reimbursement	  	 	<87>90	 
			
	 Section 2.10
	 	Pro Rata Treatment	  	 	<87>91	 
			
	 Section 2.11
	 	Application of Payments	  	 	<88>92	 
			
	 Section 2.12
	 	Use of Proceeds	  	 	<90>93	 
			
	 Section 2.13
	 	All Obligations to Constitute One Obligation	  	 	<90>93	 
			
	 Section 2.14
	 	Maximum Rate of Interest	  	 	<90>94	 
			
	 Section 2.15
	 	Letters of Credit	  	 	<91>94	 
			
	 Section 2.16
	 	Bank Products	  	 	<95>98	 
			
	 Section 2.17
	 	Defaulting Lenders	  	 	<95>99	 
			
	 Section 2.18
	 	Taxes	  	 	<99>102	 

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
		
	 ARTICLE 3 GUARANTY
	  	 	<102>107	 
			
	 Section 3.1
	 	Guaranty	  	 	<102>107	 
			
	 Section 3.2
	 	Additional Waivers	  	 	<106>111	 
			
	 Section 3.3
	 	Special Provisions Applicable to New Guarantors	  	 	<107>111	 
		
	 ARTICLE 4 CONDITIONS PRECEDENT
	  	 	<107>112	 
			
	 Section 4.1
	 	Conditions Precedent to Initial Advance	  	 	<107>112	 
			
	 Section 4.2
	 	Conditions Precedent to Each Advance and Issuance of a Letter of Credit	  	 	<110>114	 
		
	 ARTICLE 5 REPRESENTATIONS AND WARRANTIES
	  	 	<111>115	 
			
	 Section 5.1
	 	Organization; Powers	  	 	<111>115	 
			
	 Section 5.2
	 	Authorization; Enforceability	  	 	<111>116	 
			
	 Section 5.3
	 	Governmental Approvals; No Conflicts	  	 	<111>116	 
			
	 Section 5.4
	 	Financial Condition; No Material Adverse Effect	  	 	<112>116	 
			
	 Section 5.5
	 	Properties	  	 	<112>117	 
			
	 Section 5.6
	 	Litigation and Environmental Matters	  	 	<113>117	 
			
	 Section 5.7
	 	Compliance with Laws	  	 	<113>117	 
			
	 Section 5.8
	 	Investment Company Status	  	 	<113>118	 
			
	 Section 5.9
	 	Taxes	  	 	<113>118	 
			
	 Section 5.10
	 	ERISA	  	 	<113>118	 
			
	 Section 5.11
	 	Disclosure	  	 	<114>119	 
			
	 Section 5.12
	 	Subsidiaries	  	 	<114>119	 
			
	 Section 5.13
	 	Intellectual Property; Licenses, etc.	  	 	<114>119	 
			
	 Section 5.14
	 	Solvency	  	 	<115>119	 
			
	 Section 5.15
	 	Senior Indebtedness	  	 	<115>120	 
			
	 Section 5.16
	 	Federal Reserve Regulations	  	 	<115>120	 
			
	 Section 5.17
	 	Use of Proceeds	  	 	<115>120	 
			
	 Section 5.18
	 	Insurance	  	 	<115>120	 
			
	 Section 5.19
	 	Anti-Corruption Laws; Anti-Terrorism Laws; Sanctions	  	 	<116>120	 
			
	 Section 5.20
	 	Labor Matters	  	 	<116>120	 

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 5.21
	 	Security Documents	  	 	<116>121	 
			
	 Section 5.22
	 	Representations and Warranties Relating to Accounts	  	 	<116>121	 
			
	 Section 5.23
	 	Representations and Warranties Relating to Inventory	  	 	<117>121	 
			
	 Section 5.24
	 	Survival of Representations and Warranties, etc.	  	 	<117>121	 
		
	 ARTICLE 6 AFFIRMATIVE COVENANTS
	  	 	<117>122	 
			
	 Section 6.1
	 	Financial Statements and Other Information	  	 	<117>122	 
			
	 Section 6.2
	 	Borrowing Base Certificates; Additional Reports	  	 	<121>125	 
			
	 Section 6.3
	 	Notices of Material Events	  	 	<122>127	 
			
	 Section 6.4
	 	Information Regarding Collateral	  	 	<122>127	 
			
	 Section 6.5
	 	Existence; Conduct of Business	  	 	<123>127	 
			
	 Section 6.6
	 	Payment of Taxes, etc.	  	 	<123>128	 
			
	 Section 6.7
	 	Maintenance of Properties	  	 	<123>128	 
			
	 Section 6.8
	 	Insurance	  	 	<123>128	 
			
	 Section 6.9
	 	Books and Records; Inspection and Audit Rights	  	 	<124>129	 
			
	 Section 6.10
	 	Compliance with Laws	  	 	<125>129	 
			
	 Section 6.11
	 	Use of Proceeds	  	 	<125>130	 
			
	 Section 6.12
	 	Additional Subsidiaries	  	 	<125>130	 
			
	 Section 6.13
	 	Further Assurances	  	 	<126>131	 
			
	 Section 6.14
	 	Designation of Subsidiaries	  	 	<127>131	 
			
	 Section 6.15
	 	Certain Post-Closing Obligations	  	 	<127>132	 
			
	 Section 6.16
	 	Collateral Locations; Third Party Agreements	  	 	<127>132	 
			
	 Section 6.17
	 	Protection of Collateral	  	 	<127>132	 
			
	 Section 6.18
	 	Assignments and Records of Accounts	  	 	<128>133	 
			
	 Section 6.19
	 	Administration of Accounts	  	 	<128>133	 
			
	 Section 6.20
	 	Cash Management	  	 	<129>134	 
			
	 Section 6.21
	 	Reserved	  	 	<130>135	 
			
	 Section 6.22
	 	Anti-Corruption Laws; Sanctions	  	 	<130>135	 
		
	 ARTICLE 7 NEGATIVE COVENANTS
	  	 	<131>135	 
			
	 Section 7.1
	 	Indebtedness; Certain Equity Securities	  	 	<131>135	 

  
 -iii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 7.2
	 	Liens	  	 	<136>141	 
			
	 Section 7.3
	 	Fundamental Changes	  	 	<140>144	 
			
	 Section 7.4
	 	Investments, Loans, Advances, Guarantees and Acquisitions	  	 	<141>146	 
			
	 Section 7.5
	 	Asset Sales	  	 	<144>149	 
			
	 Section 7.6
	 	Lines of Business	  	 	<146>151	 
			
	 Section 7.7
	 	Restricted Payments; Certain Payments of Indebtedness	  	 	<146>151	 
			
	 Section 7.8
	 	Transactions with Affiliates	  	 	<150>155	 
			
	 Section 7.9
	 	Restrictive Agreements	  	 	<151>156	 
			
	 Section 7.10
	 	Amendment of Restricted Debt Financing	  	 	<153>157	 
			
	 Section 7.11
	 	Changes in Fiscal Periods	  	 	<153>158	 
			
	 Section 7.12
	 	Prepayments of Term Loan Facility Indebtedness	  	 	<153>158	 
			
	 Section 7.13
	 	Fixed Charge Coverage Ratio	  	 	<153>158	 
		
	 ARTICLE 8 DEFAULT
	  	 	<153>158	 
			
	 Section 8.1
	 	Events of Default	  	 	<153>158	 
			
	 Section 8.2
	 	Remedies	  	 	<156>161	 
		
	 ARTICLE 9 THE ADMINISTRATIVE AGENT
	  	 	<158>162	 
			
	 Section 9.1
	 	Appointment and Authorization	  	 	<158>162	 
			
	 Section 9.2
	 	Nature of Duties of the Administrative Agent	  	 	<158>163	 
			
	 Section 9.3
	 	Lack of Reliance on the Administrative Agent	  	 	<159>164	 
			
	 Section 9.4
	 	Certain Rights of the Administrative Agent	  	 	<159>164	 
			
	 Section 9.5
	 	Reliance by the Administrative Agent	  	 	<159>164	 
			
	 Section 9.6
	 	The Administrative Agent in its Individual Capacity	  	 	<160>164	 
			
	 Section 9.7
	 	Successor Administrative Agent	  	 	<160>165	 
			
	 Section 9.8
	 	Withholding Tax	  	 	<161>165	 
			
	 Section 9.9
	 	The Administrative Agent May File Proofs of Claim	  	 	<161>166	 
			
	 Section 9.10
	 	Authorization to Execute Other Loan Documents	  	 	<162>166	 
			
	 Section 9.11
	 	Collateral and Guaranty Matters	  	 	<162>166	 
			
	 Section 9.12
	 	Right to Realize on Collateral and Enforce Guarantee	  	 	<163>168	 
			
	 Section 9.13
	 	Secured Bank Products Obligations	  	 	<163>168	 

  
 -iv- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 9.14
	 	Interest Holders	  	 	<163>168	 
			
	 Section 9.15
	 	Other Liens on Collateral; Terms of ABL/Term Intercreditor Agreement	  	 	<164>168	 
			
	 Section 9.16
	 	Other Agents	  	 	<165>170	 
			
	 Section 9.17
	 	Indemnification	  	 	<165>170	 
		
	 ARTICLE 10 MISCELLANEOUS
	  	 	<166>171	 
			
	 Section 10.1
	 	Notices	  	 	<166>171	 
			
	 Section 10.2
	 	Expenses; Indemnification	  	 	<168>173	 
			
	 Section 10.3
	 	Waivers	  	 	<170>175	 
			
	 Section 10.4
	 	Set-Off	  	 	<171>176	 
			
	 Section 10.5
	 	Assignment	  	 	<171>176	 
			
	 Section 10.6
	 	Counterparts	  	 	<174>179	 
			
	 Section 10.7
	 	Under Seal; Governing Law	  	 	<174>179	 
			
	 Section 10.8
	 	Severability	  	 	<174>179	 
			
	 Section 10.9
	 	Headings	  	 	<174>179	 
			
	 Section 10.10
	 	Source of Funds	  	 	<174>179	 
			
	 Section 10.11
	 	Entire Agreement	  	 	<174>179	 
			
	 Section 10.12
	 	Amendments and Waivers	  	 	<175>180	 
			
	 Section 10.13
	 	Other Relationships	  	 	<177>182	 
			
	 Section 10.14
	 	Pronouns	  	 	<177>182	 
			
	 Section 10.15
	 	Disclosure	  	 	<177>182	 
			
	 Section 10.16
	 	Replacement of Lender	  	 	<177>182	 
			
	 Section 10.17
	 	Confidentiality; Material Non-Public Information; Publicity	  	 	<178>183	 
			
	 Section 10.18
	 	Revival and Reinstatement of Obligations	  	 	<179>184	 
			
	 Section 10.19
	 	Contribution Obligations	  	 	<179>185	 
			
	 Section 10.20
	 	No Advisory or Fiduciary Responsibility	  	 	<180>186	 
			
	 Section 10.21
	 	Survival	  	 	<181>186	 
			
	 Section 10.22
	 	Judgment Currency	  	 	<181>186	 
			
	 Section 10.23
	 	Qualified ECP Keepwell	  	 	<181>187	 

  
 -v- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 Section 10.24
	 	Designated Senior Debt	  	 	<182>187	 
			
	 Section 10.25
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	<182>187	 
			
	 Section 10.26
	 	Patriot Act Notification	  	 	<183>188	 
			
	 Section 10.27
	 	Acknowledgement Regarding Any Supported QFCs	  	 	<183>188	 
		
	 ARTICLE 11 YIELD PROTECTION
	  	 	<184>189	 
			
	 Section 11.1
	 	Interest Rate Basis Determination	  	 	<184>189	 
			
	 Section 11.2
	 	Illegality	  	 	<186>193	 
			
	 Section 11.3
	 	Increased Costs	  	 	<186>193	 
			
	 Section 11.4
	 	Effect On Other Advances	  	 	<188>195	 
			
	 Section 11.5
	 	Capital Adequacy	  	 	<188>195	 
		
	 ARTICLE 12 JURISDICTION, VENUE AND WAIVER OF JURY TRIAL
	  	 	<189>196	 
			
	 Section 12.1
	 	Jurisdiction and Service of Process	  	 	<189>196	 
			
	 Section 12.2
	 	Consent to Venue	  	 	<190>196	 
			
	 Section 12.3
	 	Waiver of Jury Trial	  	 	<190>196	 
			
	 Section 12.4
	 	Judicial Reference	  	 	<190>197	 

  
 -vi- 

 EXHIBITS 

 

					
	Exhibit A	  	-	  	Form of Administrative Questionnaire
	Exhibit B	  	-	  	Form of Assignment and Acceptance
	Exhibit C	  	-	  	Form of Borrowing Base Certificate
	Exhibit D	  	-	  	Form of Compliance Certificate
	Exhibit E	  	-	  	Form of Notice of Conversion/Continuation
	Exhibit F	  	-	  	Form of Request for Advance
	Exhibit G	  	-	  	Form of Request for Issuance of Letter of Credit
	Exhibit H	  	-	  	Form of Revolving Loan Note
	Exhibit I	  	-	  	Form of Intercompany Note
	Exhibit J	  	-	  	Form of Joinder Supplement
	Exhibit K	  	-	  	Form of United States Tax Compliance Certificate

 SCHEDULES 
  

					
	Schedule 1.1(a)	  	-	  	Commitment Ratios
	Schedule 4.2	  	-	  	Opinions
	Schedule 5.1(x)	  	-	  	Leased and Owned Real Property
	Schedule 5.3	  	-	  	Governmental Approvals; No Conflicts
	Schedule 5.6	  	-	  	Litigation and Environmental Matters
	Schedule 5.12	  	-	  	Subsidiaries
	Schedule 6.1	  	-	  	Borrower’s website
	Schedule 6.15	  	-	  	Post-Closing Obligations
	Schedule 6.20	  	-	  	Bank and Investment Accounts
	Schedule 7.1	  	-	  	Scheduled Permitted Indebtedness
	Schedule 7.2	  	-	  	Scheduled Permitted Liens
	Schedule 7.4(e)	  	-	  	Scheduled Permitted Investments
	Schedule 7.8	  	-	  	Affiliate Transactions
	Schedule 7.9	  	-	  	Restrictive Agreements

  
 -vii- 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT dated as of September 26, 2019, is by and among INSTALLED BUILDING PRODUCTS, INC., a Delaware corporation (the
“Borrower”), the Persons party hereto from time to time as Guarantors, the financial institutions party hereto from time to time as Lenders, and BANK OF AMERICA, N.A., as the Issuing Bank, Swing Bank and Administrative Agent, with
BANK OF AMERICA, N.A., as Sole Lead Arranger. 
 W I T N E S S E T H: 

WHEREAS, the Borrower has requested that the Administrative Agent, the Issuing Bank and the Lenders make available to it the Commitments, on
the terms and conditions set forth herein, to, among other things, (a) refinance certain existing Indebtedness of the Borrower on the Agreement Date, (b) fund transaction fees, costs and expenses in connection with the execution, delivery,
and performance of this Agreement, and (c) provide for working capital and general corporate needs of the Borrower (including, without limitation, pursuant to the issuance of Letters of Credit); and 

WHEREAS, the Administrative Agent, the Issuing Bank and the Lenders are willing to make the Commitments and Loans available to the Borrower
upon the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the premises and the covenants and agreements
contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE 1 
 DEFINITIONS,
ACCOUNTING PRINCIPLES AND OTHER INTERPRETIVE MATTERS 
 Section 1.1 Definitions. For the purposes of this Agreement: 

“2028 Note Indenture” means the indenture, dated as of September 26, 2019, by and between the Borrower and US Bank
National Association, as trustee. 
 “2028 Notes” mean the Borrower’s $300,000,000 5.75% Senior Notes due 2028 issued
pursuant to the 2028 Note Indenture on September 26, 2019. 
 “ABL First Lien Collateral” shall have the meaning set
forth in the ABL/Term Intercreditor Agreement. 
 “ABL/Term Intercreditor Agreement” shall mean the ABL/Term Loan
Intercreditor Agreement dated as of April 13, 2017 by and among, inter alios, Bank of America (as successor “ABL Agent”), Royal Bank of Canada (as successor “Term Agent”) and each additional representative party
thereto from time to time as amended, modified, supplemented, substituted, replaced or restated, in whole or in part, from time to time. 

  
 -1- 

 “Account Debtor” shall mean any Person who is obligated to make payments in
respect of an Account. 
 “Accounts” shall mean all “accounts,” as such term is defined in the UCC, of each
Credit Party whether now existing or hereafter created or arising, including, without limitation, (a) all accounts receivable, other receivables, book debts and other forms of obligations (other than forms of obligations evidenced by chattel
paper (as defined in the UCC) or instruments (as defined in the UCC)) (including any such obligations that may be characterized as an account or contract right under the UCC), (b) all of each Credit Party’s rights in, to and under all
purchase orders or receipts for goods or services, (c) all of each Credit Party’s rights to any goods represented by any of the foregoing (including unpaid sellers’ rights of rescission, replevin, reclamation and stoppage in transit
and rights to returned, reclaimed or repossessed goods), (d) all rights to payment due to a Credit Party for property sold, leased, licensed, assigned or otherwise disposed of, for a policy of insurance issued or to be issued, for a secondary
obligation incurred or to be incurred, for energy provided or to be provided, for the use or hire of a vessel under a charter or other contract, arising out of the use of a credit card or charge card, or for services rendered or to be rendered by
such Credit Party or in connection with any other transaction (whether or not yet earned by performance on the part of such Credit Party), and (e) all collateral security of any kind, given by any Account Debtor or any other Person with respect
to any of the foregoing. 
 “ACH Transactions” shall mean any automated clearinghouse transfer of funds by a Lender Group
member (or any Affiliate of a Lender Group member) for the account of any Credit Party pursuant to agreement or overdrafts. 

“Acquired Company” shall mean the Person (or the assets thereof) which is acquired pursuant to an Acquisition. 

“Acquired EBITDA” shall mean with respect to any Acquired Entity or Business or any Converted Restricted Subsidiary (any of
the foregoing a “Pro Forma Entity”) for any period as the amount for such period of Consolidated EBITDA of such Pro Forma Entity determined as if references to the Borrower and its Restricted Subsidiaries in the definition of
“Consolidated EBITDA” were references to such Pro Forma Entity and its subsidiaries that will become Restricted Subsidiaries all as determined on a consolidated basis for such Pro Forma Entity. 

“Acquired Entity or Business” shall have the meaning given such term in the definition of “Consolidated EBITDA”.

 “Acquisition” shall mean (whether by purchase, exchange, issuance of stock or other equity or debt securities, merger,
reorganization, amalgamation or any other method) (a) any acquisition by the Borrower or any of its Restricted Subsidiaries of any other Person, which Person shall then become consolidated with the Borrower or any such Restricted Subsidiary in
accordance with GAAP, (b) any acquisition by the Borrower or any of its Restricted Subsidiaries of all or any substantial part of the assets of any other Person, or (c) any acquisition by the Borrower or any of its Restricted Subsidiaries
of any assets that constitute a division or operating unit of the business of any Person. 

  
 -2- 

 “Acquisition Consideration” shall mean the total consideration paid or
payable (including, without limitation, any earn-out obligations) by any Credit Party or any Restricted Subsidiary of a Credit Party with respect to, and all Indebtedness assumed by any Credit Party or any Restricted Subsidiary of a Credit Party in
connection with, an Acquisition. 
 “Adjustment” shall have the meaning specified in Section 11.1. 

“Administrative Agent” shall mean Bank of America, acting as administrative agent for the Lender Group, and any successor
Administrative Agent appointed pursuant to Section 9.7. 
 “Administrative Agent’s Office” shall mean the
office of the Administrative Agent located at 135 S. LaSalle Street, Chicago, IL 60603 or such other office as may be designated by the Administrative Agent pursuant to the provisions of Section 10.1. 

“Administrative Questionnaire” shall mean a questionnaire substantially in the form of Exhibit A. 

“Advance” or “Advances” shall mean amounts of the Loans advanced by the Lenders to, or on behalf of, the
Borrower pursuant to Section 2.2 on the occasion of any borrowing and shall include, without limitation, all Revolving Loans, Agent Advances and Swing Loans. 

“Affected
 Financial Institution” shall mean any EEA Financial Institution or UK Financial Institution. 

“Affiliate” shall mean, with respect 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. For purposes of this definition, “control”, when used with respect to any Person, means the possession of the power to direct or cause the direction of the management and policies
of such Person whether by contract or otherwise. 
 “Agent Advances” shall have the meaning specified in
Section 2.1(e). 
 “Agent Indemnitees” shall have the meaning specified in Section 9.17. 

“Aggregate Commitment Ratio” shall mean, with respect to any Lender, the ratio, expressed as a percentage, of (a) the
unutilized portion of the Revolving Loan Commitment of such Lender plus Loans (other than Swing Loans and Agent Advances) outstanding plus participation interests in Letter of Credit Obligations, Swing Loans and Agent Advances outstanding of such
Lender, divided by (b) the sum of the aggregate unutilized Revolving Loan Commitment plus Loans (other than Swing Loans and Agent Advances) outstanding plus participation interests in Letter of Credit Obligations, Swing Loans and Agent Advances
of all Lenders, which, as of the
<Agreement>Amendment
 No. 3 Effective Date, are set forth (together with U.S. Dollar amounts thereof) on Schedule 1.1(a). 

“Aggregate Revolving Credit Obligations” shall mean, as of any particular time, the sum of (a) the aggregate principal
amount of all Revolving Loans then outstanding, plus (b) the aggregate principal amount of all Swing Loans then outstanding, plus (c) the aggregate principal amount of all Agent Advances then outstanding, plus (d) the aggregate amount
of all Letter of Credit Obligations then outstanding. 

  
 -3- 

 “Agreement” shall mean this Credit Agreement, together with all Exhibits
and Schedules hereto in each case, as amended, restated, supplemented, or otherwise modified from time to time. 
 “Agreement
Date” shall mean September 26, 2019. 
 “Amendment No. 2 Effective Date” means December 14, 2021.

“Amendment
 No. 3 Effective Date” means February 17, 2022. 

“Anti-Corruption Laws” shall mean all laws, rules and regulations of any jurisdiction applicable to the Borrower or its
Subsidiaries from time to time concerning or relating to bribery or corruption, including the United States Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder. 

“Anti-Terrorism Law” any law relating to terrorism or money laundering, including the Patriot Act and the Currency and
Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act”, 31 U.S.C. §§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and §§ 1951-1959), and the rules and regulations thereunder. 

“Applicable Law” shall mean, in respect of any Person, all provisions of constitutions, statutes, rules, regulations, and
orders of governmental bodies or regulatory agencies applicable, whether by law or by virtue of contract, to such Person, and all orders and decrees of all courts and arbitrators in proceedings or actions to which the Person in question is a party
or by which it is bound. 
 “Applicable Margin” the margin set forth below, as determined by the Average Excess
Availability for the last fiscal quarter: 
  

											
	 Tier
	  	 Average Excess

Availability
	  	Applicable Margin
for 
<LIBOR>Term
SOFR Advances	 	 	Applicable
Margin
for Base
Rate
Advances	 
	 I
	  	Greater than or equal to 50% of the total Revolving Loan Commitment	  	 	1.25	% 	 	 	0.25	% 
	 II
	  	Less than 50% of the total Revolving Loan Commitment	  	 	1.50	% 	 	 	0.50	% 

  
 -4- 

 Until December 31, 2019, margins shall be determined as if Level I were applicable.
Thereafter, margins shall be subject to increase or decrease by the Administrative Agent on the first day of the calendar month following each fiscal quarter end. If the Administrative Agent is unable to calculate Average Excess Availability for a
fiscal quarter due to Borrower’s failure to deliver any Borrowing Base Certificate when required hereunder, then, at the option of the Administrative Agent or Majority Lenders, margins shall be determined as if Level II were applicable until
the first day of the calendar month following its receipt. 
 In the event that any Borrowing Base Certificate required by
Section 6.2(a) is shown to be inaccurate (regardless of whether this Agreement or the Commitment is in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher
Applicable Margin for any period (an “Applicable Period”) than the Applicable Margin applied for such Applicable Period, then (i) the Borrower shall promptly (but in any event within five (5) Business Days or such longer
period the Administrative Agent may agree to in its sole discretion) deliver to the Administrative Agent a correct certificate for such Applicable Period, (ii) the Applicable Margin for such Applicable Period shall be determined by reference to
such certificate, and (iii) the Borrower shall promptly pay the Administrative Agent for the account of the Lenders, on demand, the accrued additional interest owing as a result of such increased Applicable Margin for such Applicable Period,
which payment shall be promptly applied by the Administrative Agent in accordance with the terms hereof. 
 “Approved Bank”
shall have the meaning given such term in the definition of “Permitted Investment”. 
 “Approved Foreign Bank”
shall have the meaning given such term in the definition of “Permitted Investment”. 
 “Approved Fund” shall mean
any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity that administers or manages a Lender. 

“Assignment and Acceptance” shall mean that certain form of Assignment and Acceptance attached hereto as Exhibit B,
pursuant to which each Lender may, as further provided in Section 10.5, sell a portion of its Loans or its portion of the Revolving Loan Commitment. 

“Audited Financial Statements” shall mean the audited consolidated balance sheets of the Borrower for the fiscal years ended
December 31, 2016, December 31, 2017, and December 31, 2018, and the related consolidated statements of income and cash flows of the Borrower for the fiscal years ended December 31, 2016, December 31, 2017, and
December 31, 2018. 
 “Authorized Signatory” shall mean, with respect to any Credit Party, such senior personnel of
such Credit Party as may be duly authorized and designated in writing to the Administrative Agent by such Credit Party to execute documents, agreements, and instruments on behalf of such Credit Party. 

“Available Equity Amount” means a cumulative amount equal to (without duplication): 

(a) capital contributions received by the Borrower after the Agreement Date in cash or Permitted Investments (other than (i) in respect of
any Disqualified Equity Interest or (ii) amounts applied pursuant to Section 7.1(a)(xiv)), plus 

  
 -5- 

 (b) the net cash proceeds received by the Borrower or any Restricted Subsidiary from
Indebtedness and Disqualified Equity Interest issuances issued after the Agreement Date and which have been exchanged or converted into Qualified Equity Interests, plus 

(c) returns, profits, distributions and similar amounts received in cash or Permitted Investments by the Borrower or any Restricted Subsidiary
on Investments made using the Available Equity Amount (not to exceed the amount of such Investments). 
 “Availability”
shall mean, as of any date of determination an amount equal to the lesser of (a) the Revolving Loan Commitment on such date, and (b) the Borrowing Base (after taking into account any Reserves determined which may have been implemented or
modified since the date of the most recent Borrowing Base Certificate); provided that (x) from and after the Agreement Date to the date that the Administrative Agent shall have received an initial Field Exam and an initial Qualified
Appraisal, the Temporary Borrowing Base shall be effective, and (y) from and after the date on which the Administrative Agent shall have received an initial Field Exam and an initial Qualified Appraisal, the Regular Borrowing Base shall be
effective; provided, further, that notwithstanding anything to the contrary set forth herein (and without limiting the other conditions to funding set forth herein), in the event that an initial Field Exam and an initial Qualified
Appraisal have not been received by the Administrative Agent prior to the delivery date for the December 31, 2019 period-end (or such later period-end agreed by the Administrative Agent in its Permitted Discretion), the Temporary Borrowing Base
shall be reduced to the sum of all unrestricted cash held in an Eligible Pledged Cash Account until an initial Field Exam and an initial Qualified Appraisal shall have been completed and delivered. 

“Average Excess Availability” shall mean, for any period, Excess Availability for each day of such period, divided by the
number of days in such period. 
 “Bail-In Action” shall mean the exercise of any Write-Down and Conversion Powers by <the>any applicable <EEA >Resolution Authority in respect of any
liability of an
<EEA>Affected
 Financial Institution. 
 “Bail-In Legislation” shall mean,
with respect to (a) 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<.> or (b) the
United Kingdom, Part I of the United Kingdom Banking Act 2009 and any other law 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). 

“Bank of America” means Bank of America, N.A.. 

“Bank Products” shall mean all bank, banking, financial, and other similar or related products and services extended to any
Credit Party or any Restricted Subsidiary by any Bank Products Provider, including, without limitation, (a) merchant card services, credit or stored value cards, debit cards, and corporate purchasing cards; (b) cash management, treasury
management, or services related to operating, collections, payroll trust or other depository or disbursement 

  
 -6- 

 
accounts, including, without limitation, ACH Transactions, remote deposit capture services, electronic funds transfer, e-payable, stop payment services, account reconciliation services, lockbox
services, depository and checking services, overdraft, information reporting, deposit accounts, securities accounts, controlled disbursement services, and wire transfer services; (c) bankers’ acceptances, drafts, letters of credit (other
than Letters of Credit) (and the issuance, amendment, renewal, or extension thereof), documentary services, foreign currency exchange services; and (d) all Hedge Agreements between or among any Credit Party or any Restricted Subsidiary, on the
one hand, and a Bank Products Provider, on the other hand. 
 “Bank Products Documents” shall mean all instruments,
agreements and other documents entered into from time to time by the Credit Parties in connection with any of the Bank Products. 

“Bank Products Obligations” shall mean (a) all obligations, liabilities, reimbursement obligations, fees, or expenses
owing by any Credit Party or any Restricted Subsidiary to any Bank Products Provider pursuant to or evidenced by a Bank Products Document and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due
or to become due, now existing or hereafter arising, (b) all Hedge Obligations, and (c) all amounts that the Administrative Agent or any Lender is obligated to pay to a Bank Products Provider as a result of the Administrative Agent or such
Lender purchasing participations from, or executing guarantees or indemnities or reimbursement obligations to, a Bank Products Provider with respect to the Bank Products provided by such Bank Products Provider to a Credit Party or any Restricted
Subsidiary. 
 “Bank Products Provider” shall mean any Lender Group member that extends to any Credit Party a Bank Product.

 “Bank Products Reserves” shall mean all reserves that the Administrative Agent from time to time establishes in its
Permitted Discretion with respect to Bank Products Obligations. 
 “Bankruptcy Code” shall mean Title 11 of the United
States Code, as amended, or any similar federal or state law for the relief of debtors. 
 “Base Rate” for any day, a per
annum rate equal to the greater of (a) the Prime Rate for such day; (b) the Federal Funds Rate for such day, plus 0.50%; or
(c) 
<LIBOR>Term
SOFR for a <30 day>one month interest period as of such day, plus 1.0%; provided,
that in no event shall the Base Rate be less than zero. 
 “Base Rate Advance” shall mean an Advance which the
Borrower requests to be made as a Base Rate Advance or which is converted to a Base Rate Advance in accordance with the provisions of Section 2.2. 

“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. 

“BHC Act Affiliate” shall have the meaning specified in Section 10.27. 

  
 -7- 

 “Board of Directors” shall mean with respect to any Person (a) in the
case of any corporation, the board of directors of such Person or any committee thereof duly authorized to act on behalf of such board, (b) in the case of any limited liability company, the board of managers, board of directors manager or
managing member of such Person or the functional equivalent of the foregoing or any committee thereof duly authorized to act on behalf of such board manager or managing member, (c) in the case of any partnership, the board of directors or board
of managers of the general partner of such Person, and (d) in any other case the functional equivalent of the foregoing. 

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

“Borrower” shall have the meaning specified in the preamble and shall include each Person who becomes a “Borrower”
hereunder in accordance with Section 7.3(d). 
 “Borrowing Base” shall mean (a) from the Agreement Date
until the date that the Administrative Agent shall have received an initial Field Exam and an initial Qualified Appraisal the Temporary Borrowing Base and (b) thereafter, the Regular Borrowing Base. 

“Borrowing Base Certificate” shall mean a certificate of an Authorized Signatory of the Borrower substantially in the form of
Exhibit C. 
 “Business Day” shall mean any day excluding Saturday, Sunday and any day which is a legal holiday
under the laws of the State of North Carolina and Ohio or is a day on which banking institutions located in such state are closed<;
provided, however, that when used with reference to a LIBOR Advance (including the making, continuing, prepaying or repaying of any LIBOR Advance), the term “Business
Day” shall also exclude any day in which banks are not open for dealings in deposits of U.S. Dollars on the London interbank
market.>. 

“Capital Expenditures” shall mean, as determined for any period, on a consolidated basis for the Borrower and its
consolidated Restricted Subsidiaries in accordance with GAAP, the aggregate of all expenditures made by the Borrower and its consolidated Restricted Subsidiaries during such period that, in conformity with GAAP, are required to be included in or
reflected on the consolidated balance sheet as a capital asset, including, without limitation, Capital Lease Obligations of the Borrower and its consolidated Restricted Subsidiaries; provided, however, that “Capital
Expenditures” shall not include, without duplication, (i) any additions to property and equipment and other capital expenditures made with the proceeds of any equity securities issued or capital contributions received by any Credit Party
or any Subsidiary (other than Disqualified Equity Interests), (ii) expenditures made in connection with the replacement, substitution, restoration or repair of assets to the extent financed with (x) insurance proceeds paid on account of
the loss of or damage to the assets being replaced, restored or repaired, or (y) awards of compensation arising from the taking by eminent domain or condemnation of the assets being replaced, (iii) the purchase price of equipment that is
purchased substantially contemporaneously with the trade-in of existing equipment to the extent that the gross amount of such purchase price is reduced by the credit granted by the seller of such equipment for the equipment being traded in at such
time, (iv) any consideration payable with respect to any Permitted Acquisitions or other Investment, (v) the purchase of property, plant or equipment to the extent financed with the 

  
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proceeds of any dispositions of assets or property not prohibited hereunder, (vi) expenditures that are accounted for as capital expenditures by the Borrower or any Restricted Subsidiary and
that actually are paid for by a Person other than the Borrower or any Restricted Subsidiary or Affiliate thereof, to the extent neither the Borrower nor any Restricted Subsidiary has provided or is required to provide or incur, directly or
indirectly, any consideration or obligation to such Person or any other Person (whether before, during or after such period), (vii) any expenditures which are contractually required to be, and are, advanced or reimbursed to the Credit Parties
in cash by a third party (including landlords) during such period of calculation, (viii) the book value of any asset owned by the Borrower or any Restricted Subsidiary prior to or during such period to the extent that such book value is
included as a capital expenditure during such period as a result of such Person reusing or beginning to reuse such asset during such period without a corresponding expenditure actually having been made in such period; provided that
(A) any expenditure necessary in order to permit such asset to be reused shall be included as a Capital Expenditure during the period in which such expenditure actually is made and (B) such book value shall have been included in Capital
Expenditures when such asset was originally acquired, (ix) the purchase price of equipment purchased during such period to the extent the consideration consists of any combination of (A) used or surplus equipment traded in at the time of
such purchase and (B) the proceeds of a concurrent sale of used or surplus equipment, in each case, in the ordinary course of business and (x) any other capital expenditures that are financed with the proceeds of Indebtedness (other than
Revolving Loans) or Net Proceeds of any disposition of assets, any casualty event, any incurrence or issuance of Indebtedness or any issuance of Equity Interests (other than Disqualified Equity Interests). 

“Capital Lease Obligations” of any Person shall mean the obligations of such Person to pay rent or other amounts under any
lease of or other arrangement conveying the right to use real or personal property or a combination thereof which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the
amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP; provided that all obligations of any Person that are or would be characterized as an operating lease as determined in accordance with GAAP
as in effect on December 31, 2017, whether or not such operating lease was in effect on such date, shall continue to be accounted for as an operating lease and not as a Capitalized Lease or Capital Lease Obligation for purposes of this
Agreement regardless of any change in GAAP following the Agreement Date that would otherwise require such obligation to be recharacterized as a Capital Lease Obligation to the extent that financial reporting shall not be affected hereby. For
purposes of Section 7.2, a Capital Lease Obligation shall be deemed to be secured by a Lien on the property being leased and such property shall be deemed to be owned by the lessee. 

“Capitalized Leases” shall mean all leases that have been or should be in accordance with GAAP as in effect on the Agreement
Date recorded as capitalized leases; provided that for all purposes hereunder, the amount of obligations under any Capitalized Lease shall be the amount thereof accounted for as a liability in accordance with GAAP. 

“Capitalized Software Expenditures” shall mean for any period the aggregate of all expenditures (whether paid in cash or
accrued as liabilities) by the Borrower and its Restricted Subsidiaries during such period in respect of purchased software or internally developed software and software enhancements that in conformity with GAAP are or are required to be reflected
as capitalized costs on the consolidated balance sheet of the Borrower and its Restricted Subsidiaries. 

  
 -9- 

 “Cash Collateralize” shall mean, in respect of any obligations, to provide
and pledge (as a first priority perfected security interest) cash collateral for such obligations in U.S. Dollars, with the Administrative Agent pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent (and
“Cash Collateralization” has a corresponding meaning). 
 “Cash Dominion Period” shall mean each period
(a) commencing on the earlier of (i) the occurrence of an Event of Default and (ii) the date that Excess Availability shall have been for a period of five (5) consecutive Business Days less than the greater of (A) $<10,000,000>12,500,000
 and (B) 10% of Availability, and (b) ending on the date thereafter that (i) if such Cash Dominion Period commenced under clause (a)(i) above, such Event of Default has been
formally waived or otherwise remedied, or (ii) if such Cash Dominion Period commenced under clause (a)(ii) above, Excess Availability has exceeded the greater of (A) $<10,000,000>12,500,000
 and (B) 10% of Availability for thirty (30) consecutive days. 

“Casualty Event” means any event that gives rise to the receipt by the Borrower or any Subsidiary of any insurance proceeds
or condemnation awards in respect of any equipment fixed assets or real property (including any improvements thereon) to replace or repair such equipment fixed assets or real property. 

“CFC” means a “controlled foreign corporation” within the meaning of Section 957 of the Code in which any
Credit Party or Affiliate thereof is a “United States shareholder” within the meaning of Section 951(b) of the Code. 
 “CME” means the CME Group Benchmark Administration Limited.

 “Change in Control” shall mean (a) the acquisition or ownership, directly or indirectly, beneficially or of
record, by any person or group, of Equity Interests representing 50% or more of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests in the Borrower or (b) a Change of Control or similar event occurs
under the Term Loan Facility Indebtedness or any other Material Indebtedness of the Borrower or its Restricted Subsidiaries. 

“Change in Law” shall mean (a) the adoption of any rule, regulation, treaty or other law after the date of this
Agreement, (b) any change in any rule, regulation, treaty or other law or in the administration, interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) the making or issuance of any
request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement, including, for the avoidance of doubt, (x) the Dodd-Frank Wall Street Reform and Consumer
Protection Act and all rules, regulations, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank of 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”, to the extent enacted, adopted,
promulgated or issued after the date of this Agreement, but only to the extent such rules, regulations, or published interpretations or directives are applied to the Borrower and its Subsidiaries by the Administrative Agent or any Lender in
substantially the same manner as applied to other similarly situated borrowers under comparable syndicated credit facilities, including for purposes of Section 11.3. 

  
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 “Code” shall mean the Internal Revenue Code of 1986, as amended from time
to time. 
 “Collateral” means any and all assets whether real or personal tangible or intangible on which Liens are
purported to be granted pursuant to the Security Documents as security for the Obligations. 
 “Collateral and Guarantee
Requirement” shall mean at any time, the requirement that: 
 (a) the Administrative Agent shall have received from (i) the
Borrower and each of the Restricted Subsidiaries (other than any Excluded Subsidiary) either (x) a counterpart of the Security Agreement duly executed and delivered on behalf of such Person or (y) in the case of any Person that becomes a
Credit Party after the Agreement Date (including by ceasing to be an Excluded Subsidiary), a Joinder Supplement duly executed and delivered on behalf of such Person and (ii) the Borrower and each Subsidiary Guarantor either (x) a
counterpart of the Security Agreement duly executed and delivered on behalf of such Person or (y) in the case of any Person that becomes a Subsidiary Guarantor after the Agreement Date (including by ceasing to be an Excluded Subsidiary), a
Joinder Supplement duly executed and delivered on behalf of such Person, in each case under this clause (a) together with, in the case of any such Loan Documents executed and delivered after the Agreement Date, to the extent reasonably
requested by the Administrative Agent, opinions and documents of the type referred to in Sections 4.1(a) and 4.1(d); 
 (b) all
outstanding Equity Interests of each Restricted Subsidiary that is a Material Subsidiary (other than any Equity Interests constituting Excluded Assets) owned by or on behalf of any Credit Party shall have been pledged pursuant to the Security
Agreement, and, subject to the ABL/Term Intercreditor Agreement, the Administrative Agent shall have received certificates, if any, or other instruments, if any, representing all such Equity Interests to the extent constituting “certificated
securities” (other than such Equity Interests constituting Excluded Assets), together with undated stock powers or other instruments of transfer with respect thereto endorsed in blank; 

(c) if any Indebtedness for borrowed money of the Borrower or any Subsidiary in a principal amount of $1,000,000 or more is owing by such
obligor to any Credit Party and such Indebtedness is evidenced by a promissory note, such promissory note shall be pledged pursuant to the Security Agreement, and, subject to the ABL/Term Intercreditor Agreement, the Administrative Agent shall have
received all such promissory notes, together with undated instruments of transfer with respect thereto endorsed in blank; provided, however, the foregoing delivery requirement with respect to any intercompany indebtedness may be
satisfied by delivery of an omnibus or global intercompany note executed by all Credit Parties as payees and all such obligors as payors; 

  
 -11- 

 (d) all certificates, agreements, documents and instruments, including Uniform Commercial
Code financing statements and Intellectual Property security agreements required by this Agreement, the Security Documents, Applicable Law and reasonably requested by the Administrative Agent to be filed, delivered, registered or recorded to create
the Liens intended to be created by the Security Documents and perfect such Liens to the extent required by, and with the priority required by, this Agreement, the Security Documents and the other provisions of the term “Collateral and
Guarantee Requirement”, shall have been filed, registered or recorded or delivered to the Administrative Agent for filing, registration or recording; and 

(e) with respect to each Material Real Property, the Administrative Agent shall have received (i) counterparts of a Mortgage duly executed
and delivered by the record owner of such Mortgaged Property and (ii) each of the Related Real Estate Documents. 
 Notwithstanding the
foregoing provisions of this definition or anything in this Agreement or any other Loan Document to the contrary, (a) the foregoing provisions of this definition shall not require the creation or perfection of pledges of or security interests
in, or the obtaining of title insurance, legal opinions or other deliverables with respect to, particular assets of the Credit Parties, or the provision of Guarantees by any Subsidiary, if the Administrative Agent and the Borrower reasonably agree
in writing that the cost, burden, difficulty or consequence of creating or perfecting such pledges or security interests in such assets, or obtaining such title insurance, legal opinions or other deliverables in respect of such assets, or providing
such Guarantees (taking into account any adverse tax consequences to the Borrower and its Affiliates (including the imposition of withholding or other material taxes)), outweighs the benefits to be obtained by the Lenders therefrom; (b) Liens
required to be granted from time to time pursuant to the term “Collateral and Guarantee Requirement” shall be subject to exceptions and limitations set forth in the Security Documents; (c) in no event shall any Credit Party be
required to complete any filings or other action with respect to the perfection of security interests in any jurisdiction outside of the United States, and no actions in any non-U.S. jurisdiction or required by the laws of any non-U.S. jurisdiction
shall be required to be taken to create any security interests in assets located or titled outside of the United States (including any Equity Interests of Foreign Subsidiaries and any Intellectual Property governed by or arising or existing under
the laws of any jurisdiction other than the United States of America, any State thereof or the District of Columbia) or to perfect or make enforceable any security interests in any such assets (it being understood that there shall be no security
agreements or pledge agreements governed under the laws of any non-U.S. jurisdiction); (d) in no event shall any Credit Party be required to complete any filings or other action with respect to perfection of security interests in assets subject
to certificates of title beyond the filing of UCC financing statements; (e) other than the filing of UCC financing statements, no perfection shall be required with respect to promissory notes evidencing debt for borrowed money in a principal
amount of less than $1,000,000; (f) in no event shall any Credit Party be required to complete any filings or other action with respect to security interests in Intellectual Property beyond the filing of UCC financing statements and
Intellectual Property security agreements with the United States Patent and Trademark Office or the United States Copyright Office; (g) no actions shall be required to perfect a security interest in letter of credit rights (other than the
filing of UCC financing statements); and (h) in no event shall the Collateral include any Excluded Assets. The Administrative Agent may grant extensions of time for the creation and perfection of security interests in or the obtaining of title
insurance, legal opinions or other deliverables with respect to particular assets or the provision of any Guarantee by any Subsidiary (including extensions beyond the Agreement Date or in connection with assets acquired, or Subsidiaries formed or
acquired, after the Agreement Date) and any other obligations under this definition where it determines that such action cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required to be
accomplished by this Agreement or the Security Documents. 

  
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 “Collections Account” shall have the meaning given such term in
Section 6.20(b). 
 “Commitment Increase Notice” shall have the meaning specified in
Section 2.1(f)(i). 
 “Commitments” shall mean, collectively, the Revolving Loan Commitment and the Letter of
Credit Commitment. 
 “Commodity Exchange Act” shall mean the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as
amended from time to time, and any successor statute. 
 “Competitor” shall mean any entity competing with the Borrower or
any of its Subsidiaries in the building supply business which has been specifically identified by written notice from the Borrower to the Administrative Agent and has been approved by the Administrative Agent in its reasonable discretion. 

“Compliance Certificate” shall mean a certificate executed by the chief financial officer or treasurer of the Borrower
substantially in the form of Exhibit D. 

“Conforming
 Changes” with respect to use, administration of or conventions associated with SOFR, Term SOFR or any proposed Successor Rate, as
applicable, any conforming changes to the definitions of Base Rate, SOFR, Term SOFR and Interest Period, timing and frequency of determining rates and making payments of interest and other technical,
administrative or operational matters (including, for the avoidance of doubt, the definitions of Business
Day and U.S. Government Securities Business Day, timing of borrowing requests or prepayment, conversion or continuation notices, and length of lookback
periods) as may be appropriate, in the Administrative Agent’s
discretion, to reflect the adoption and implementation of such applicable
rate(s) and to permit the administration thereof by the Administrative Agent in a manner substantially
consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such rate exists,
 in such other manner of administration as Administrative Agent determines is reasonably necessary in connection with the administration of
any Loan Document). 

“Consolidated EBITDA” means for any period Consolidated Net Income for such period plus: 

(a) without duplication and to the extent already deducted and not added back in arriving at such Consolidated Net Income, the sum of the
following amounts for such period: 
 (i) total interest expense and, to the extent not reflected in such total interest
expense, the sum of (A) premium payments, debt discount, fees, charges and related expenses incurred in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, plus
(B) the portion of rent expense with respect to such period under Capitalized Leases that is treated as interest expense in accordance with GAAP, plus (C) the implied interest component of synthetic

  
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leases with respect to such period, plus (D) any losses on hedging obligations or other derivative instruments entered into for the purpose of hedging interest rate risk, net of
interest income and gains on such hedging obligations or such derivative instruments, plus (E) bank and letter of credit fees and costs of surety bonds in connection with financing activities, plus (F) amortization or
write-off of deferred financing fees, debt issuance costs, debt discount or premium, terminated hedging obligations and other commissions, financing fees and expenses and, adjusted, to the extent included, to exclude any refunds or similar credits
received in connection with the purchasing or procurement of goods or services under any purchasing card or similar program; 

(ii) provision for taxes based on income, profits or capital and sales taxes, including federal, provincial, territorial,
foreign, state, local, franchise, excise, and similar taxes and foreign withholding taxes paid or accrued during such period (including in respect of repatriated funds) including penalties and interest related to such taxes or arising from any tax
examinations (including any additions to such taxes, and any penalties and interest with respect thereto); 
 (iii) Non-Cash
Charges; 
 (iv) operating expenses incurred on or prior to the Agreement Date attributable to (A) salary obligations
paid to employees terminated prior to the Agreement Date and (B) wages paid to executives in excess of the amounts the Borrower and/or any of its Restricted Subsidiaries are required to pay pursuant to their respective employment agreements;

 (v) extraordinary losses or charges in accordance with GAAP; 

(vi) unusual, non-recurring or exceptional expenses, losses or charges (including any unusual, non-recurring or exceptional
operating expenses, losses or charges directly attributable to the implementation of cost savings initiatives), severance, relocation costs, integration and facilities’ opening costs and other business optimization expenses and operating
improvements (including related to new product introductions), systems development and establishment costs, recruiting fees, signing costs, retention or completion bonuses, transition costs, costs related to closure/consolidation of facilities,
internal costs in respect of strategic initiatives and curtailments or modifications to pension and post-retirement employee benefit plans (including any settlement of pension liabilities), contract terminations and professional and consulting fees
incurred in connection with any of the foregoing; 
 (vii) restructuring charges, accruals or reserves (including
restructuring and integration costs related to acquisitions and adjustments to existing reserves), whether or not classified as restructuring expense on the consolidated financial statements; 

(viii) the amount of any non-controlling interest consisting of income attributable to non-controlling interests of third
parties in any Non-Wholly Owned Subsidiary deducted (and not added back in such period) in calculating Consolidated Net Income; 

  
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 (ix) (A) the amount of board of directors, management, monitoring,
consulting and advisory fees, indemnities and related expenses paid or accrued in such period (including any termination fees payable in connection with the early termination of management and monitoring agreements) and (B) the amount of
expenses relating to payments made to option holders of the Borrower or any of its direct or indirect parent companies in connection with, or as a result of, any distribution being made to shareholders of such Person or its direct or indirect parent
companies, which payments are being made to compensate such option holders as though they were shareholders at the time of, and entitled to share in, such distribution, in each case to the extent permitted in the Loan Documents; 

(x) losses, expenses or charges (including all fees and expenses or charges relating thereto) (A) from abandoned, closed,
disposed or discontinued operations and any losses on disposal of abandoned, closed or discontinued operations and (B) attributable to business dispositions or asset dispositions (other than in the ordinary course of business) as determined in
good faith by a Financial Officer; 
 (xi) any non-cash loss attributable to the mark to market movement in the valuation of
any Equity Interests, and hedging obligations or other derivative instruments (in each case, including pursuant to Financial Accounting Standards Codification No. 815—Derivatives and Hedging but only to the extent the cash impact resulting
from such loss has not been realized); 
 (xii) any loss relating to amounts paid in cash prior to the stated settlement date
of any hedging obligation that has been reflected in Consolidated Net Income for such period; 
 (xiii) any gain relating to
hedging obligations associated with transactions realized in the current period that has been reflected in Consolidated Net Income in prior periods and excluded from Consolidated EBITDA pursuant to clauses (c)(vi) and (c)(vii) below; 

(xiv) any costs or expenses incurred by the Borrower or any Restricted Subsidiary pursuant to any management equity plan or
stock option plan or any other management or employee benefit plan or agreement, any severance agreement or any stock subscription or shareholder agreement, to the extent that such costs or expenses are non-cash or otherwise funded with cash
proceeds contributed to the capital of the Borrower or Net Proceeds of an issuance of Equity Interests of the Borrower (other than Disqualified Equity Interests); 

(xv) any net pension or other post-employment benefit costs representing amortization of unrecognized prior service costs,
actuarial losses, including amortization of such amounts arising in prior periods, amortization of the unrecognized net obligation (and loss or cost) existing at the date of initial application of FASB Accounting Standards Codification 715, and any
other items of a similar nature; 
 (xvi) [reserved]; 

  
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 (xvii) [reserved]; 

(xviii) earn-out and contingent consideration obligations (including to the extent accounted for as bonuses or otherwise) and
adjustments thereof and purchase price adjustments, in each case in connection with acquisitions or Investments; 
 (xix)
charges, losses, lost profits, expenses (including litigation expenses, fee and charges) or write-offs to the extent indemnified or insured by a third party, including expenses or losses covered by indemnification provisions or by any insurance
provider in connection with the Transactions, a Permitted Acquisition or any other acquisition or Investment, disposition or any Casualty Event, in each case, to the extent that coverage has not been denied and so long as such amounts are actually
reimbursed in cash within one year after the related amount is first added to Consolidated EBITDA pursuant to this clause (xix) (and if not so reimbursed within one year, such amount shall be deducted from Consolidated EBITDA during the next
measurement period); 
 (xx) cash receipts (or any netting arrangements resulting in reduced cash expenses) not included in
Consolidated EBITDA in any period to the extent non-cash gains relating to such receipts were deducted in the calculation of Consolidated EBITDA pursuant to clause (c) below for any previous period and not added back; and 

(xxi) Public Company Costs; plus 

(b) without duplication, the amount of “run rate” cost savings, operating expense reductions, other operating improvements, and
synergies related to any Specified Transaction, the Transactions, any restructuring, cost saving initiative or other initiative projected by the Borrower in good faith to be realized as a result of actions taken, without duplication the amount of
“run rate” cost savings operating expense reductions other operating improvements and synergies related to any Specified Transaction the Transactions any restructuring cost saving initiative or other initiative projected by the Borrower in
good faith to be realized as a result of actions taken committed to be taken or planned to be taken, in each case on or prior to the date that is 24 months after the end of the relevant Test Period (including actions initiated prior to the Agreement
Date) (which cost savings, operating expense reductions, other operating improvements and synergies shall be added to Consolidated EBITDA until fully realized and calculated on a pro forma basis as though such cost savings, operating expense
reductions, other operating improvements and synergies had been realized on the first day of the relevant period), net of the amount of actual benefits realized from such actions; provided that (A) such cost savings, operating expense
reductions, other operating improvements and synergies are reasonably identifiable and quantifiable, (B) no cost savings, operating expense reductions, other operating improvements or synergies shall be added pursuant to this clause (b) to
the extent duplicative of any expenses or charges relating to such cost savings, operating expense reductions, other operating improvements or synergies that are included in clauses (a)(vi) and (a)(vii) above or in the definition of “Pro Forma
Adjustment” and (C) all amounts added back to Consolidated EBITDA pursuant to this clause (b) shall not exceed 25% of Consolidated EBITDA for such period calculated without giving effect to this clause (b) (it being
understood and agreed that “run rate” shall mean the full recurring benefit that is associated with any action taken); less 

  
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 (c) without duplication and to the extent included in arriving at such Consolidated Net
Income the sum of the following amounts for such period: 
 (i) extraordinary or non-recurring gains; 

(ii) non cash gains excluding any non-cash gain to the extent it represents the reversal of an accrual or reserve for a
potential cash item that reduced Consolidated Net Income or Consolidated EBITDA in any prior period; and 
 (iii)
(A) gains (including all fees and expenses or income relating thereto) attributable to business dispositions or asset dispositions other than in the ordinary course of business as determined in good faith by a Financial Officer and
(B) gains or income (including all reasonable fees and expenses or charges relating thereto) from abandoned closed disposed or discontinued operations and any gains on disposal of abandoned closed or discontinued operations; 

(iv) any non-cash gain attributable to the mark to market movement in the valuation of any Equity Interests and hedging
obligations or other derivative instruments (in each case including pursuant to Financial Accounting Standards Codification No. 815—Derivatives and Hedging but only to the extent the cash impact resulting from such gain has not been
realized); 
 (v) any gain relating to amounts received in cash prior to the stated settlement date of any hedging obligation
that has been reflected in Consolidated Net Income in such period; 
 (vi) any loss relating to hedging obligations
associated with transactions realized in the current period that has been reflected in Consolidated Net Income in prior periods and excluded from Consolidated EBITDA pursuant to clauses (a)(xii) and (a)(xiii) above; and 

(vii) the amount of any non-controlling interest consisting of loss attributable to non-controlling interests of third parties
in any Non Wholly Owned Subsidiary added and not deducted in such period to Consolidated Net Income; plus 
 (d) any income from
investments recorded using the equity method of accounting or the cost method of accounting without duplication and to the extent not included in arriving at Consolidated Net Income except to the extent such income was attributable to income that
would be deducted pursuant to clause (c) if it were income of the Borrower or its Restricted Subsidiaries; minus 
 (e) any
losses from investments recorded using the equity method of accounting or the cost method of accounting without duplication and to the extent not deducted in arriving at Consolidated Net Income except to the extent such loss was attributable to
losses that would be added back pursuant to clauses (a) and (b) above if it were a loss of the Borrower or a Restricted Subsidiary; plus  

  
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 (f) an amount, with respect to investments recorded using the equity method of accounting or
the cost method of accounting and without duplication of any amounts added pursuant to clause (d) above, equal to the amount attributable to each such investment that would be added to Consolidated EBITDA pursuant to clauses (a) and
(b) above if instead attributable to the Borrower or a Restricted Subsidiary, pro-rated according to the Borrower’s or the applicable Subsidiary’s percentage ownership in such investment; minus  

(g) an amount, with respect to investments recorded using the equity method of accounting or the cost method of accounting and without
duplication of any amounts deducted pursuant to clause (e) above equal to the amount attributable to each such investment that would be deducted from Consolidated EBITDA pursuant to clause c above if instead attributable to the Borrower or a
Restricted Subsidiary pro-rated according to the Borrower’s or the applicable Subsidiary’s percentage ownership in such investment; 
 in each
case as determined on a consolidated basis for the Borrower and its Restricted Subsidiaries in accordance with GAAP; provided that: 

(I) to the extent included in Consolidated Net Income there shall be excluded in determining Consolidated EBITDA currency
translation gains and losses related to currency remeasurements of assets or liabilities (including the net loss or gain resulting from hedging agreements for currency exchange risk and revaluations of intercompany balances); 

(II) there shall be included in determining Consolidated EBITDA for any period without duplication (A) to the extent not
included in Consolidated Net Income the Acquired EBITDA of any Person property business or asset or attributable to any Person property business or asset acquired by the Borrower or any Restricted Subsidiary during such period (other than any
Unrestricted Subsidiary) to the extent not subsequently sold transferred or otherwise disposed of (but not including the Acquired EBITDA of any related Person property business or assets to the extent not so acquired) (each such Person, property,
business or asset acquired, including pursuant to the Transactions or pursuant to a transaction consummated prior to the Agreement Date and not subsequently so disposed of, an “Acquired Entity or Business”) and the Acquired EBITDA
of any Unrestricted Subsidiary that is converted into a Restricted Subsidiary during such period (each, a “Converted Restricted Subsidiary”) in each case based on the Acquired EBITDA of such Pro Forma Entity for such period
(including the portion thereof occurring prior to such acquisition or conversion) determined on a historical Pro Forma Basis and (B) an adjustment in respect of each Pro Forma Entity equal to the amount of the Pro Forma Adjustment with respect
to such Pro Forma Entity for such period (including the portion thereof occurring prior to such acquisition or conversion) as specified in the Pro Forma Adjustment certificate delivered to the Administrative Agent (for further delivery to the
Lenders); provided that, with respect to any determination to be made on a Pro Forma Basis at the election of the Borrower such Acquired EBITDA or such adjustment shall not be required to be included for any Pro Forma Entity to the extent the
aggregate consideration paid in connection with the acquisition of such Acquired Entity or Business or the fair market value of such Converted Restricted Subsidiary in the aggregate is less than $50,000,000; 

  
 -18- 

 (III) there shall be (A) to the extent included in Consolidated Net
Income, excluded in determining Consolidated EBITDA for any period the Disposed EBITDA of any Person, property, business or asset (other than any Unrestricted Subsidiary) sold, transferred or otherwise disposed of, closed or classified as
discontinued operations in accordance with GAAP (other than (x) if so classified on the basis that it is being held for sale unless such sale has actually occurred during such period and (y) for periods prior to the applicable sale
transfer or other disposition if the Disposed EBITDA of such Person property business or asset is positive (i.e., if such Disposed EBITDA is negative, it shall be added back in determining Consolidated EBITDA for any period)) by the Borrower or any
Restricted Subsidiary during such period (each such Person, property business or asset so sold transferred or otherwise disposed of, closed or classified a “Sold Entity or Business”) and the Disposed EBITDA of any Restricted
Subsidiary that is converted into an Unrestricted Subsidiary during such period (each a “Converted Unrestricted Subsidiary”), in each case based on the Disposed EBITDA of such Sold Entity or Business or Converted Unrestricted
Subsidiary for such period including the portion thereof occurring prior to such sale transfer disposition closure classification or conversion determined on a historical Pro Forma Basis and (B) to the extent not included in Consolidated Net
Income (included in determining Consolidated EBITDA for any period in which a Sold Entity or Business is disposed an adjustment equal to the Pro Forma Disposal Adjustment with respect to such Sold Entity or Business (including the portion thereof
occurring prior to such disposal) as specified in the Pro Forma Disposal Adjustment certificate delivered to the Administrative Agent (for further delivery to the Lenders); and 

(IV) to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA any expense
(or income) as a result of adjustments recorded to contingent consideration liabilities relating to the Transaction or any Permitted Acquisition (or other Investment permitted hereunder). 

“Consolidated Net Income” means, for any period, the net income (loss) of the Borrower and its Restricted Subsidiaries for
such period determined on a consolidated basis in accordance with GAAP, excluding without duplication. 
 (a) extraordinary items for such
period, 
 (b) the cumulative effect of a change in accounting principles during such period, 

(c) any Transaction Costs incurred during such period, 

(d) any fees and expenses (including any transaction or retention bonus or similar payment) incurred during such period or any amortization
thereof for such period in connection with any Acquisition, non-recurring costs to acquire equipment to the extent not capitalized in accordance with GAAP, Investment, recapitalization, asset disposition, non-competition agreement, issuance or
repayment of debt, issuance of equity securities, refinancing transaction or amendment or other modification of or waiver or consent relating to any debt instrument (in each case, including the Transaction Costs and any such transaction consummated
prior to the Agreement Date and any such transaction undertaken but not completed) and any charges or non-recurring merger costs incurred during such period as a result of any such transaction, in each case whether or not successful (including, for
the avoidance of doubt, the effects of expensing all transaction related expenses in accordance with FASB Accounting Standards Codification 805 and gains or losses associated with FASB Accounting Standards Codification 460), 

  
 -19- 

 (e) any income (loss) (and all fees and expenses or charges relating thereto) for such
period attributable to the early extinguishment of Indebtedness, hedging agreements or other derivative instruments, 
 (f) accruals and
reserves that are established or adjusted as a result of the Transactions or any Permitted Acquisition or other Investment not prohibited under this Agreement in accordance with GAAP (including any adjustment of estimated payouts on earn outs) or
changes as a result of the adoption or modification of accounting policies during such period, 
 (g) stock based award compensation
expenses, 
 (h) any income (loss) attributable to deferred compensation plans or trusts, 

(i) any income (loss) from Investments recorded using the equity method, 

(j) the amount of any expense required to be recorded as compensation expense related to contingent transaction consideration, 

(k) any unrealized or realized gain or loss due solely to fluctuations in currency values and the related tax effects determined in accordance
with GAAP, and 
 (l) (i) the net income of any Person that is not a Subsidiary of such Person or is an Unrestricted Subsidiary or that
is accounted for by the equity method of accounting shall be included only to the extent of the amount of dividends or distributions or other payments paid in cash (or to the extent converted into cash) to the referent person or a subsidiary thereof
in respect of such period and (ii) the net income shall include any ordinary course dividend distribution or other payment in cash received from any Person in excess of the amounts included in clause (i) above. 

There shall be included in Consolidated Net Income, without duplication, the amount of any cash tax benefits related to the tax amortization
of intangible assets in such period. There shall be excluded from Consolidated Net Income for any period the effects from applying acquisition method accounting, including applying acquisition method accounting to inventory, property and equipment,
loans and leases, software and other intangible assets and deferred revenue (including deferred costs related thereto and deferred rent) required or permitted by GAAP and related authoritative pronouncements (including the effects of such
adjustments pushed down to the Borrower and its Restricted Subsidiaries) as a result of the Transactions, any acquisition or Investment consummated prior to the Agreement Date and any Permitted Acquisitions (or other Investment not prohibited
hereunder) or the amortization or write off of any amounts thereof. 

  
 -20- 

 In addition to the extent not already included in Consolidated Net Income, Consolidated Net
Income shall include the amount of proceeds received or due from business interruption insurance or reimbursement of expenses and charges that are covered by indemnification and other reimbursement provisions in connection with any acquisition or
other Investment or any disposition of any asset permitted hereunder. 
 “Consolidated Senior Secured Indebtedness” means,
as of any date of determination, Consolidated Total Indebtedness as of such date that is not subordinated in right of payment to the Obligations and is secured by a Lien on the Collateral securing the Loan Document Obligations. 

“Consolidated Senior Secured Net Leverage Ratio” means as of any date of determination the ratio, on a Pro Forma Basis, of
(a) Consolidated Senior Secured Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period. 

“Consolidated Total Indebtedness” means, as of any date of determination, the aggregate amount of Indebtedness of the
Borrower and its Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of the acquisition method
accounting in connection with the Transactions or any Permitted Acquisition (or other Investment not prohibited hereunder)) consisting only of Indebtedness for borrowed money, drawn but unreimbursed obligations under letters of credit, obligations
in respect of Capitalized Leases and debt obligations evidenced by promissory notes or similar instruments, but excluding any obligations under or in respect of Qualified Securitization Facilities, minus the aggregate amount of cash and Permitted
Investments (in each case, free and clear of all liens, other than Liens permitted pursuant to Section 7.2), excluding cash and Permitted Investments that are listed as “restricted” on the consolidated balance sheet of the
Borrower and its Restricted Subsidiaries as of such date. 
 “Control” shall mean, with respect to any asset, right, or
property with respect to which a security interest therein is perfected by a secured party’s having “control” thereof (whether pursuant to the terms of an agreement or through the existence of certain facts and circumstances), that
the Administrative Agent has “control” of such asset, right, or property in accordance with the terms of Article 9 of the UCC. 

“Controlled Account Agreement” shall mean any agreement executed by a depository bank, securities intermediary, or
commodities intermediary and the Administrative Agent and acknowledged and agreed to by the applicable Credit Party, in form and substance reasonably acceptable to the Administrative Agent, which, among other things, provides for the Administrative
Agent’s Control, for the benefit of the Lender Group, of a deposit account, securities account, commodities account, or other bank or investment account, as amended, restated, supplemented, or otherwise modified from time to time. 

“Controlled Deposit Account” shall have the meaning specified in Section 6.20(b). 

“Converted Restricted Subsidiary” shall have the meaning given such term in the definition of “Consolidated
EBITDA”. 

  
 -21- 

 “Converted Unrestricted Subsidiary” shall have the meaning given such term
in the definition of “Consolidated EBITDA”. 
 “Copyright Security Agreements” shall mean, collectively, any
Copyright Security Agreement made by a Credit Party in favor of the Administrative Agent, on behalf of the Lender Group, from time to time, as amended, restated, supplemented, or otherwise modified from time to time. 

“Covered Entity” shall have the meaning specified in Section 10.27. 

“Covered Jurisdiction” means the United States (or any state or commonwealth thereof or the District of Columbia). 

“Covered Party” shall have the meaning specified in Section 10.27. 

“Credit Parties” shall mean, collectively, the Borrower and the Guarantors, and “Credit Party” shall mean
any one of the foregoing Credit Parties. 
 “Customary Intercreditor Agreement” means a customary intercreditor agreement
in form and substance reasonably acceptable to the Administrative Agent and the Borrower, which agreement shall provide that the Liens on the Collateral securing such Indebtedness shall rank junior to the Liens on the ABL First Lien Collateral
securing the Obligations. Any intercreditor agreement shall be posted to the Lenders not less than five (5) Business Days before execution thereof and, if the Majority Lenders shall not have objected to such changes within three
(3) Business Days after posting, then the Majority Lenders shall be deemed to have agreed that the Administrative Agent’s entry into such intercreditor agreement is reasonable and to have consented to such intercreditor agreement and to
the Administrative Agent’s execution thereof. Notwithstanding the foregoing, “Customary Intercreditor Agreement” shall also mean, to the extent applied to any unsecured Indebtedness owing to any seller in a Permitted
Acquisition in an aggregate principal amount of up to $3,000,000 for any such seller, the customary subordination terms, in form and substance satisfactory to the Administrative Agent, included by Borrower and its Restricted Subsidiaries in the
promissory notes evidencing such items of Indebtedness in accordance with past practice. 
 “Date of Issue” shall mean the
date on which the Issuing Bank issues a Letter of Credit pursuant to Section 2.15 and, subject to the terms of Section 2.15(a), the date on which any such Letter of Credit is renewed. 

“Daily
Simple SOFR” shall mean with respect to any applicable determination date, the secured overnight
financing rate published on the Federal Reserve Bank of New York website (or any successor source satisfactory to the Administrative Agent). 

“Debtor Relief Laws” shall mean the Bankruptcy Code and all other liquidation, conservatorship, bankruptcy, assignment for
the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors
generally. 

  
 -22- 

 “Default” shall mean any event or condition that constitutes an Event of
Default or that upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Default
Rate” shall mean a simple per annum interest rate equal to, with respect to all outstanding Obligations, the sum of (a) the applicable Interest Rate Basis, if any, with respect to the applicable Obligation, plus (b) the
Applicable Margin for such Interest Rate Basis, plus (c) two percent (2.00%). 
 “Default Right” shall have the
meaning specified in Section 10.27. 
 “Defaulting Lender” shall mean, subject to Section 2.17(c),
any Lender that (a) has failed to (i) fund all or any portion of the Revolving Loans within two (2) Business Days of the date such Revolving Loans were required to be funded unless such Lender notifies the Administrative Agent and the
Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in
such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the Issuing Bank, the Swing Bank or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of
Credit, Swing Loans or Agent Advances) within two (2) Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent or the Issuing Bank or Swing Bank in writing that it does not intend to comply with its
funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Revolving Loan and states that such position is based on such Lender’s
determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three
(3) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder; provided that
such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower, or (d) has, or has a direct or indirect parent company that has
(i) become the subject of a proceeding under the Bankruptcy Code or any other Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person
charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In
Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as
such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such
Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through (d) above
shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.17(c)) upon delivery of written notice of such determination to the Borrower, each Issuing Bank, the
Swing Bank and each Lender. 

  
 -23- 

 “Designated Non-Cash Consideration” shall mean the fair market value of
non-cash consideration received by the Borrower or a Subsidiary in connection with a Disposition pursuant to Section 7.5(k) that is designated as Designated Non-Cash Consideration pursuant to a certificate of a Responsible Officer of the
Borrower, setting forth the basis of such valuation (which amount will be reduced by the fair market value of the portion of the non-cash consideration converted to cash within 180 days following the consummation of the applicable Disposition). 

“Determination Date” shall mean (a) in the event that Borrowing Base Certificates are required to be delivered on a
quarterly basis, the second Business Day immediately following the date that the Administrative Agent receives the Borrowing Base Certificate required to be delivered pursuant to Section 6.2(a) for such fiscal quarter, (b) in the
event that Borrowing Base Certificates are required to be delivered on a weekly basis, the second Business Day immediately following the date that the Administrative Agent receives the Borrowing Base Certificate required to be delivered pursuant to
Section 6.2(a) for the last full week of any fiscal quarter or (c) otherwise, the second Business Day immediately following the date that the Administrative Agent receives the Borrowing Base Certificate required to be delivered
pursuant to Section 6.2(a) for the fiscal month in which a fiscal quarter of the Borrower ends. 
 “Dilution”
shall mean, as of any date of determination, a percentage, determined by the Administrative Agent in its Permitted Discretion equal to (a) bad debt write-downs or write-offs, discounts, returns, promotions, credits, credit memos and other
dilutive items with respect to Accounts, divided by (b) gross sales. 
 “Dilution Reserve” shall mean, as of
any date of determination, an amount determined from time to time by the Administrative Agent in its Permitted Discretion and based on the Administrative Agent’s analysis of the Credit Parties’ Dilution and other matters affecting the
Credit Parties and their respective Accounts and Account Debtors. 
 “Disbursement Account” shall have the meaning
specified in Section 2.2(f). 
 “Dispose” and “Disposition” each shall have the meaning
assigned to such term in Section 7.5. 
 “Disposed EBITDA” shall mean with respect to any Sold Entity or
Business or Converted Unrestricted Subsidiary for any period through (but not after) the date of such disposition the amount for such period of Consolidated EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary (determined as
if references to the Borrower and its Restricted Subsidiaries in the definition of the term “Consolidated EBITDA” (and in the component financial definitions used therein) were references to such Sold Entity or Business and its
subsidiaries or to such Converted Unrestricted Subsidiary and its subsidiaries), all as determined on a consolidated basis for such Sold Entity or Business or Converted Unrestricted Subsidiary 

“Disqualified Equity Interest” means, with respect to any Person, any Equity Interest in such Person that by its terms (or by
the terms of any security into which it is convertible or for which it is exchangeable either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition: 

  
 -24- 

 (a) matures or is mandatorily redeemable (other than solely for Equity Interests in such
Person that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests, whether pursuant to a sinking fund obligation or otherwise; 

(b) is convertible or exchangeable, either mandatorily or at the option of the holder thereof, for Indebtedness or Equity Interests (other than
solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests and cash in lieu of fractional shares of such Equity Interests); or 

(c) is redeemable (other than solely for Equity Interests in such Person that do not constitute Disqualified Equity Interests and cash in lieu
of fractional shares of such Equity Interests) or is required to be repurchased by such Person or any of its Affiliates, in whole or in part, at the option of the holder thereof; 

in each case, on or prior to the date ninety-one (91) days after the Maturity Date; provided, however, that (i) an Equity Interest in
any Person that would not constitute a Disqualified Equity Interest but for terms thereof giving holders thereof the right to require such Person to redeem or purchase such Equity Interest upon the occurrence of an “asset sale” or a
“change of control” or similar event shall not constitute a Disqualified Equity Interest if any such requirement becomes operative only after the Maturity Date and (ii) if an Equity Interest in any Person is issued pursuant to any
plan for the benefit of employees of the Borrower (or any direct or indirect parent thereof) or any of its subsidiaries or by any such plan to such employees, such Equity Interest shall not constitute a Disqualified Equity Interest solely because it
may be required to be repurchased by the Borrower or any of its subsidiaries in order to satisfy applicable statutory or regulatory obligations of such Person. 

“Disqualified Lender” shall mean (i) any natural person (or holding company, investment vehicle or trust for, or owned
and operated for the primary benefit of, a natural person), (ii) those persons that are Competitors and their named Affiliates, in each case to the extent either (x) identified by the Borrower to the Administrative Agent in writing from
time to time (so long as the addition of any such Competitors or Affiliates after the Agreement Date shall not apply retroactively) or (y) in the case of Affiliates of such Competitors, such Affiliates are clearly identifiable as such on the
basis of such Affiliate’s name, or (iii) any other institution or entity as the Borrower and the Administrative Agent shall mutually agree on or after the Agreement Date. 

“Dividends” shall mean any direct or indirect distribution, dividend, or payment to any Person on account of any Equity
Interests of any Credit Party or any of their Subsidiaries. 

“Division”
 the division of assets, liabilities and/or obligations of a Person among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the original dividing Person and pursuant to
which the original dividing Person may or may not survive. 
 “Domestic
Restricted Subsidiary” shall mean any Restricted Subsidiary that is a Domestic Subsidiary. 

  
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 “Domestic Subsidiary” shall mean any direct or indirect Subsidiary of any
Credit Party that is organized and existing under the laws of the US or any state, territory or commonwealth thereof or under the laws of the District of Columbia. 

“EEA Financial Institution” shall mean (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” shall mean any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” shall mean 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 Accounts” shall mean, at any time of determination, all Accounts (valued at the face amount of the applicable
invoice therefor, minus the maximum discounts, credits, and allowances set forth on the face of such invoice which may be taken by Account Debtors on such Accounts, and net of any sales tax, finance charges, or late payment charges included
in the amount invoiced) arising in the ordinary course of the Credit Parties’ business from the sale of goods or the rendition of services by the Credit Parties that the Administrative Agent determines in its Permitted Discretion to be Eligible
Accounts; provided, however, that, without limiting the right of the Administrative Agent to establish other criteria of ineligibility in its Permitted Discretion, Eligible Accounts shall not include any of the following Accounts: 

(a) any Account which (i) is past due more than 60 days after its due date, or (ii) later than 90 days after the invoice date;
provided that Accounts that are past due more than 60 days but less than 90 days after their respective due date shall not be classified as ineligible under this clause (a) to the extent that the aggregate amount of all such Accounts
would not increase the aggregate amount of the Regular Borrowing Base by more than 5.0% before giving effect to inclusion of such past due Accounts; 

(b) Accounts not evidenced by a paper invoice or an electronic equivalent acceptable to the Administrative Agent; 

(c) Accounts with respect to which any of the representations, warranties, covenants and agreements contained in Section 5.22 are
not or have ceased to be complete and correct or have been breached; 
 (d) Accounts (or any other Account due from the same Account Debtor),
with respect to which, in whole or in part, a check, promissory note, draft, trade acceptance or other instrument for the payment of money has been received, presented for payment and returned uncollected for any reason, unless the Account Debtor
subsequently honors such check, note, draft, acceptance or instrument or pays such Account or part thereof paid therewith; 

  
 -26- 

 (e) Accounts as to which the applicable Credit Party has not performed, as of the applicable
date of determination, all of its obligations then required to have been performed, including, without limitation, the installation of goods (and passage of title thereto) applicable to such Accounts or as to which services were rendered to the
applicable Account Debtor by any independent contractor; 
 (f) Accounts as to which any one or more of the following events has occurred
with respect to the Account Debtor on such Accounts: death or judicial declaration of incompetency of such Account Debtor who is an individual; the filing by or against such Account Debtor of a request or petition for liquidation, reorganization,
arrangement, adjustment of debts, adjudication as a bankrupt, winding-up, or other relief under the bankruptcy, insolvency, or similar laws of the US, any state or territory thereof, or any foreign jurisdiction, now or hereafter in effect; the
making of any general assignment by such Account Debtor for the benefit of creditors; the appointment of a receiver or trustee for such Account Debtor or for any of the assets of such Account Debtor, including, without limitation, the appointment of
or taking possession by a “custodian,” as defined in Bankruptcy Code; the institution by or against such Account Debtor of any other type of insolvency proceeding (under the bankruptcy or insolvency laws of the US or otherwise) or of any
formal or informal proceeding for the dissolution or liquidation of, settlement of claims against, or winding up of affairs of, such Account Debtor; the sale, assignment, or transfer of all or substantially all of the assets of such Account Debtor
unless the obligations of such Account Debtor in respect of the Accounts are assumed by and assigned to such purchaser or transferee; the nonpayment generally by such Account Debtor of its debts as they become due; or the cessation of the business
of such Account Debtor as a going concern, provided, however, that the foregoing shall not include post-petition Accounts of an Account Debtor to the extent that (i) such Accounts constitute Accounts of such Account Debtor as a
“debtor-in-possession” and (ii) such Accounts have been approved by the Administrative Agent in its Permitted Discretion; 

(g) those Accounts of an Account Debtor for whom fifty percent (50%) or more of the aggregate U.S. Dollar amount of such Account
Debtor’s outstanding Accounts are classified as ineligible under clause (a)(ii) above, except in the case of Accounts that are classified as ineligible under clause (a)(ii) solely due to the existence of a bona fide dispute as to such Accounts;

 (h) Accounts owed by an Account Debtor which: (i) does not maintain its primary business locations (including any location where
services were rendered by a Credit Party), payment centers, and chief executive office in the US or in Canada; or (ii) is not organized under the laws of the US or Canada or any respective state or province thereof; or (iii) is a foreign
country or sovereign state, or of any state, province, municipality, or other political subdivision thereof, or of any department, agency, public corporation, or other instrumentality thereof; except to the extent that such Accounts are secured or
payable by a letter of credit or acceptance, or insured under foreign credit insurance in each case, on terms and conditions satisfactory to the Administrative Agent in its Permitted Discretion; or (iv) is the government of the US, or of any
state, municipality or other political subdivision thereof, or any department, agency, public corporation, or other instrumentality thereof, unless all required procedures for the effective collateral assignment of the Accounts under the Federal
Assignment of Claims Act of 1940 and any other steps necessary to perfect the Administrative Agent’s security interest, for the benefit of the Lender Group, in such Accounts have been complied with to the Administrative Agent’s sole
satisfaction with respect to such Accounts; or (v) is a natural person who is not a resident of the United States with a mailing address in the United States, or (vi) is a Sanctioned Person or Sanctioned Country; 

  
 -27- 

 (i) Accounts owed by an Account Debtor which is an Affiliate or employee of any Credit
Party, provided that Accounts owing by <M/I Homes, Inc. or any of its subsidiaries or >any
entity controlled by <Peter H. Edwards, >Jeffrey W. Edwards, any of his biological siblings or
any of their respective families shall not be classified as ineligible under this clause (i) to the extent that (A) the transactions underlying such Accounts are arm’s length, fair market value transaction approved by the
Borrower’s audit committee and (B) such Accounts owed by any such entity controlled by Jeffrey W. Edwards, any of his biological siblings or any of their respective families do not exceed $<2,500,000>5,000,000
 in the aggregate; 
 (j) Accounts which are owed by an Account Debtor to which any
Credit Party is indebted in any way (including, without limitation, creditors and suppliers of any Credit Party), or which are subject to any right of setoff by the Account Debtor, including, without limitation, for co-op advertising, rebates,
incentives and promotions, to the extent of such indebtedness or right of setoff; 
 (k) Accounts which the Account Debtor disputes in
writing the liability therefor or are otherwise in dispute or are otherwise subject to any potential counterclaim, deduction, discount, recoupment, reserve, defense, dispute, chargeback, credit, allowance, contra-account, volume rebate, cooperative
advertising accrual, deposit, or offset (but only to the extent of the amount in dispute); 
 (l) Accounts which represent sales on a
bill-and-hold, guaranteed sale, sale and return, sale on approval, cash-on-delivery, consignment or other repurchase or return basis; 
 (m)
Accounts which are evidenced by a promissory note or other instrument or by chattel paper; 
 (n) Accounts (i) as to which the
applicable Account Debtor has not been sent an invoice or (ii) for which are partially billed; 
 (o) Accounts with respect to which the
Account Debtor is located in a state or jurisdiction (including, without limitation, Alabama, New Jersey, Minnesota, and West Virginia) that requires, as a condition to access to the courts of such jurisdiction, that a creditor qualify to transact
business, file a business activities report or other report or form, or take one or more other actions, unless the applicable Credit Party has so qualified, filed such reports or forms, or taken such actions (and, in each case, paid any required
fees or other charges), except to the extent that the applicable Credit Party may qualify subsequently as a foreign entity authorized to transact business in such state or jurisdiction and gain access to such courts, without incurring any cost or
penalty viewed by the Administrative Agent to be significant in amount, and such later qualification cures any bar to access to such courts to enforce payment of such Account; 

(p) Accounts which are not a bona fide, valid and enforceable obligation of the Account Debtor thereunder; 

  
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 (q) Accounts (i) which are not subject to a valid and continuing, duly perfected,
first-priority Lien in favor of the Administrative Agent, for the benefit of the Lender Group, pursuant to the Security Documents, or (ii) in which the applicable Credit Party does not have good and marketable title, free and clear of any Liens
(other than Liens in favor of the Administrative Agent, for the benefit of the Lender Group, and other Liens permitted under Section 7.2, so long as Liens are contractually subordinated to the Liens in favor of the Administrative Agent
(other than non-consensual Liens existing by operation of law for which a Reserve has been established by the Administrative Agent to the extent such Liens rank or are capable of ranking prior to or pari passu with the Liens securing the
Obligations); 
 (r) Accounts (i) which are owed by an Account Debtor to the extent that such Accounts, together with all other Accounts
owing by the same Account Debtor and its Affiliates, exceed in the aggregate fifteen percent (15%) of the sum of all Eligible Accounts, and (ii) such higher percentage as the Administrative Agent (with the consent of the Supermajority
Lenders) may establish from time to time for any other Account Debtor); 
 (s) Accounts which represent rebates, refunds or other similar
transactions, but only to the extent of the amount of such rebate, refund or similar transaction; 
 (t) Accounts which consist of progress
billings (such that the obligation of the Account Debtors with respect to such Accounts is conditioned upon the applicable Credit Party’s satisfactory completion of any further performance under the agreement giving rise thereto) or retainage
invoices; provided that Eligible Retainage Accounts and Eligible Progress Billings shall not be classified as ineligible under this clause (t) to the extent that the aggregate amount of all such Accounts would not increase the aggregate
amount of the Regular Borrowing Base by more than 15% before giving effect to inclusion of such Eligible Retainage Accounts and Eligible Progress Billings; 

(u) Accounts with respect to which the Administrative Agent reasonably believes that such Accounts may not be collectible by reason of the
Account Debtor’s creditworthiness; 
 (v) Accounts which are not denominated in U.S. Dollars; 

(w) that portion of Accounts subject to warranty accruals; 

(x) prepaid or cash-in-advance Accounts; 

(y) Accounts owing from a credit card processor or credit card issuer or which arises out of the use of a credit, debit or charge card, or
information contained on or for use with any such card; or 
 (z) Accounts as to which a security agreement, financing statement, equivalent
security or Lien instrument or continuation statement is on file or of record in any public office, except as may have been filed in favor of (i) the Administrative Agent, for the benefit of the Lenders, pursuant to the Security Documents,
(ii) the Term Loan Agent, for the benefit of the Term Loan Lenders, pursuant to the Term Loan Documents, and (iii) the holder or holders of other Liens permitted by Section 7.2 so long as such Liens are contractually
subordinated to the Liens in favor of the Administrative Agent. 

  
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 Notwithstanding the foregoing, until the Administrative Agent has completed a Field Exam and
Qualified Appraisal, as applicable, with respect to Accounts and Inventory acquired by any Credit Party (in each case satisfactory to the Administrative Agent in its Permitted Discretion), the amount of such Accounts and Inventory that could
otherwise be included in the Regular Borrowing Base, plus the amount of Accounts and Inventory acquired in a Permitted Acquisition after the Agreement Date that are included in the Regular Borrowing Base pursuant to the final paragraph of the
definition of Permitted Acquisition, shall be limited to (1) the amount that otherwise would not increase the aggregate amount of the Regular Borrowing Base by more than
<5.0>15.0
% before giving effect to such proposed Acquisition and (2) the aggregate amount for all of such Accounts and Inventory acquired in Permitted Acquisitions prior to the completion of a Field Exam and
Qualified Appraisal, as applicable, that otherwise would not increase the aggregate amount of the Regular Borrowing Base by more than (I) if Excess Availability is greater than $50,000,000, <10.0>15.0% or (II) otherwise, 5% (in each case, before giving effect to such Permitted Acquisitions). 

“Eligible Assignee” shall mean (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; or
(d) any other Person approved by (i) the Administrative Agent, (ii) with respect to any proposed assignee of all or any portion of the Revolving Loan Commitment, the Issuing Bank and, (iii) unless (x) such Person is taking
delivery of an assignment in connection with physical settlement of a credit derivatives transaction or (y) an Event of Default exists, the Borrower, such approvals not to be unreasonably withheld or delayed; provided, however,
that if the consent of the Borrower to an assignment or to an Eligible Assignee is required hereunder (including a consent to an assignment which does not meet the minimum assignment thresholds specified in Section 10.5(b)), the Borrower
shall be deemed to have given its consent ten (10) days after the date notice thereof has been delivered by the assigning Lender (through the Administrative Agent) and received by the Borrower unless such consent is expressly refused by the
Borrower prior to such tenth day. Neither the Borrower, any of its Subsidiaries, any of its Affiliates, any Defaulting Lender nor any Disqualified Lender shall be an Eligible Assignee. 

“Eligible Inventory” shall mean, at any time of determination, the portion of the Credit Parties’ Inventory held for
sale in the ordinary course of business consisting of finished goods that the Administrative Agent determines in its Permitted Discretion to be Eligible Inventory; provided, however, that without limiting the right of the
Administrative Agent to establish other criteria of ineligibility in its Permitted Discretion, Eligible Inventory shall not include any of the following Inventory: 

(a) Inventory that is not owned solely by the applicable Credit Party; 

(b) Inventory that does not conform to all of the warranties, and representations regarding the same which are set forth in this Agreement,
including, without limitation Section 5.23, or any of the other Loan Documents; 
 (c) Inventory that is not located at a
Permitted Location in the United States or in transit from one such Permitted Location in the United States to another; 

  
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 (d) Inventory that is located at a Permitted Location not owned and controlled by a Credit
Party or that is located at a Permitted Location where the access to such Permitted Location requires the consent of a third party, unless (i) the Administrative Agent has received a Third Party Agreement (whether or not such Third Party
Agreement is an express condition or requirement hereunder) from the Person owning or in control of such Permitted Location and all Persons owning or in control of other locations with respect to which access may be required with respect to such
Permitted Location, or (ii) the Administrative Agent has instituted a Rent Reserve; 
 (e) Inventory which is in the possession of any
subcontractor or outside processor in or is in-transit to or from such subcontractor or outside processor, unless, in each case, the subcontractor or outside processor has provided a Third Party Agreement; 

(f) any Inventory customized for specific customers (other than Inventory branded for a specific customer (such as private label merchandise)),
provided that up to
$<1,000,000>5,000,000
 of such Inventory may be included; 
 (g) Inventory (i) in which the
applicable Credit Party does not have good and marketable title, free and clear of any Lien (other than Liens in favor of the Administrative Agent, for the benefit of the Lender Group, and other Liens permitted under Section 7.2, so long
as such Liens are contractually subordinated to the Liens in favor of the Administrative Agent (other than non-consensual Liens existing by operation of law for which a Reserve has been established by the Administrative Agent to the extent such
Liens rank or are capable of ranking prior to or pari passu with the Liens securing the Obligations), claim of reclamation, adverse claim, interest or right of any other Person; or (ii) which is not subject to a valid and continuing, duly
perfected, first-priority Lien in favor of the Administrative Agent, for the benefit of the Lender Group, pursuant to the Security Documents, or as to which all action necessary or advisable to perfect such security interest has not been taken; 

(h) Inventory that is on consignment from any Credit Party, as consignor, to any other Person, as consignee, and any Inventory which is on
consignment to any Credit Party, as consignee, from any other Person, as consignor; 
 (i) Inventory that is not in saleable condition or
does not meet all standards imposed by any Person having regulatory authority over such goods or their use and/or sale, or Inventory that is not currently saleable in the normal course of the applicable Credit Party’s business; 

(j) Inventory consisting of parts, components, or supplies or that constitutes capitalized labor; 

(k) Inventory scheduled for return to vendors, display items, packaging materials, labels or name plates or similar supplies; 

(l) Inventory that is subject to any license or agreement with any Person that limits or restricts the applicable Credit Party’s or the
Administrative Agent’s right to sell or otherwise dispose of such Inventory (unless such Person has entered into a Third Party Agreement); 

  
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 (m) Inventory that is commingled with the goods of any other Person (other than a Credit
Party); 
 (n) which is subject to any negotiable Document; 

(o) Inventory that is covered, in whole or in part, by any security agreement, financing statement, equivalent security or Lien instrument or
continuation statement which is on file or of record in any public office, except such as may have been filed in favor of (i) the Administrative Agent, for the benefit of the Lenders, pursuant to the Security Documents, (ii) the Term Loan
Agent, for the benefit of the Term Loan Lenders, pursuant to the Term Loan Documents ; and (iii) the holder or holders of other Liens permitted by Section 7.2 so long as such Liens are contractually subordinated to the Liens in
favor of the Administrative Agent (other than non-consensual Liens existing by operation of law for which a Reserve has been established by the Administrative Agent to the extent such Liens rank or are capable of ranking prior to or pari passu with
the Liens securing the Obligations); and 
 (p) Inventory that is acquired from a Sanctioned Person. 

Notwithstanding the foregoing, until the Administrative Agent has completed a Field Exam and Qualified Appraisal, as applicable, with respect
to Accounts and Inventory acquired by any Credit Party (in each case satisfactory to the Administrative Agent in its Permitted Discretion), the amount of such Accounts and Inventory that could otherwise be included in the Borrowing Base plus
the amount of Accounts and Inventory acquired in a Permitted Acquisition after the Agreement Date that are included in the Regular Borrowing Base pursuant to the final paragraph of the definition of Permitted Acquisition, shall be limited
to (1) the amount that otherwise would not increase the aggregate amount of the Regular Borrowing Base by more than <5.0>15.0% before giving effect to such proposed Acquisition and (2) the
aggregate amount for all of such Accounts and Inventory acquired in Permitted Acquisitions prior to the completion of a Field Exam and Qualified Appraisal, as applicable, that otherwise would not increase the aggregate amount of the Regular
Borrowing Base by more than (I) if Excess Availability is greater than $50,000,000, <10.0>15.0% or (II) otherwise, 5% (in each case, before giving effect to
such Permitted Acquisitions). 

“Eligible
 Investment Grade Account” means, at any time, an Eligible Account of Borrower which is owing by an Account Debtor whose securities are rated BBB- or better by S&P or Baa3 or better by Moody’s. 

“Eligible
 Non-Investment Grade Account” means, at any time, an Eligible Account of Borrower that is not an Eligible Investment Grade Account. 

“Eligible Pledged Cash Account” shall mean each special account established in the United States by a Credit Party at Bank of
America and which is designated as an “Eligible Pledged Cash Account” by the Administrative Agent in its Permitted Discretion; provided that not more frequently than once per month (or a more frequent interval as the Administrative
Agent may agree), <each >Borrower may, upon not less than two (2) Business Days prior written
notice to the Administrative Agent, decrease the amount of Eligible Pledged Cash by withdrawing cash from its respective Eligible Pledged Cash Account(s), if (a) immediately before such withdrawal no

  
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Default or Event of Default exists or would exist after giving effect thereto, (b) prior to and after giving effect to such withdrawal, Availability shall not be less than zero,
(c) upon the request of the Administrative Agent, the Borrower delivers a Borrowing Base Certificate to the Administrative Agent reflecting solely the change in the Borrowing Base, after giving effect to such withdrawal, and (d) the
Borrowing Base shall be reduced immediately upon such withdrawal. 
 “Eligible Progress Billings” means a Receivable
created by a Credit Party relating to any progress billing, that satisfies each of the criteria contained in the definition of Eligible Accounts other than clauses (l), (n)(ii) and (t) of such definition; provided, that such Account is
not unpaid more than sixty (60) days after the date of the original invoice date of such Account and progress billings are permitted by the terms of the contract governing such Receivable. 

“Eligible Retainage Accounts” means the amount of unpaid “retainage” owed to a Credit Party, that the
Administrative Agent determines in its Permitted Discretion to be Eligible Retainage Accounts, to the extent that all goods and services relating to a contract or job with a retained amount have been provided by such Credit Party and (i) such
Credit Party has fully performed and completed the contract or job, (ii) all subcontractors, suppliers or others providing goods and services to such Credit Party with respect to such contract or job and all employees performing services at the
job site have been fully paid, (iii) no claims or Liens have been or could be asserted by such subcontractors, suppliers, employees or other providers, (iv) the retained amounts are paid within 90 days after completion of the applicable
contract or job, and (v) there is no default or claim under any contract relating to such retained amount with respect to goods, services, or payments provided or made by a general contractor, real property owner or surety. 

“Employee Benefit Plan” means an “employee benefit plan” within the meaning of Section 3(3) of ERISA, other
than a Multiemployer Plan, which covers any employee or service providers of a Credit Party or for which any Credit Party has liability to make contributions (contingent or otherwise). 

“Environmental Laws” means all applicable Requirements of Law relating to the protection of the environment, to preservation
or reclamation of natural resources, to Release or threatened Release of any Hazardous Material or, to the extent relating to exposure to Hazardous Materials, to health or safety matters. 

“Environmental Liability” means any liability, obligation, loss, claim, action, order or cost, contingent or otherwise
(including any liability for damages, costs of medical monitoring, costs of environmental remediation or restoration, administrative oversight costs, consultants’ fees, fines, penalties and indemnities) resulting from or based upon (a) any
actual or alleged violation of any Environmental Law or permit, license or approval issued thereunder, (b) the generation, use, handling, transportation, storage, or treatment of any Hazardous Materials, (c) exposure to any Hazardous
Materials, (d) the Release or threatened Release of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement to the extent liability is assumed or imposed with respect to any of the foregoing. 

“Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company,
beneficial interests in a trust or other equity ownership interests in a Person. 

  
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 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended from time to time. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) that, together
with any Credit Party, is treated as a single employer under Section 414(b) or 414(c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of
the Code. 
 “ERISA Event” means (a) any “reportable event,” as defined in Section 4043(c) of ERISA or
the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) any failure by any Plan to satisfy the minimum funding standard (within the meaning of Section 412 of the Code
or Section 302 of ERISA) applicable to such Plan, in each case whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA, of an application for a waiver of the minimum funding
standard with respect to any Plan; (d) a determination that any Plan is, or is expected to be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4) of the Code); (e) the incurrence by a
Credit Party or any ERISA Affiliate of any liability under Title IV of ERISA (other than premiums due and not delinquent under Section 4007 of ERISA) with respect to the termination of any Plan or by application of Section 4069 of ERISA
with respect to any terminated plan; (f) the receipt by a Credit Party or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any
Plan, or to an intention to terminate or to appoint a trustee to administer any plan or plans in respect of which such Credit Party or ERISA Affiliate would be deemed to be an employer under Section 4069 of ERISA; (g) the incurrence by a
Credit Party or any ERISA Affiliate of any liability with respect to the withdrawal or partial withdrawal from any Multiemployer Plan; (h) the receipt by a Credit Party or any ERISA Affiliate of any notice, or the receipt by any Multiemployer
Plan from a Credit Party or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability, or the failure of a Credit Party or any ERISA Affiliate to pay when due, after the expiration of any applicable grace period, any
installment payment with respect to any Withdrawal Liability; or (i) the withdrawal of a Credit Party or any ERISA Affiliate from a Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial
employer” as defined in Section 4001(a)(2) of ERISA or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA. 

“ESG”
 shall have the meaning set forth in Section 2.19. 
 “ESG Amendment” shall have the meaning set forth in Section
2.19. 

“ESG
Pricing Provisions” shall have the meaning set forth in Section 2.19. 

“EU Bail-In Legislation Schedule” shall mean 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 mean any of the events specified in
Section 8.1. 
 “Excess Availability” shall mean, at any time of determination, the amount (if any) by which
(a) Availability exceeds (b) the Aggregate Revolving Credit Obligations. 

  
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 “Excluded Accounts” shall mean (a) deposit accounts specifically and
exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Credit Party’s employees, (b) deposit accounts specifically and exclusively used to cash collateralize Permitted Outside
Letters of Credit, (c) any zero balance or disbursement only account, and (d) any other deposit account which in the aggregate with all such accounts (including accounts outside the United States), does not at any time have more than
$1,000,000 in cash on deposit therein. 
 “Excluded Assets” shall have the meaning assigned to such term in the Security
Agreement. 
 “Excluded Hedge Obligation” shall mean, with respect to any Guarantor, any Hedge Obligation if, and to the
extent that, all or a portion of the Guaranty of such Credit Party of, or the grant by such Credit Party of a security interest to secure, such Hedge Obligation (or any Guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any
rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Credit Party’s failure for any reason to constitute an “eligible contract
participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guaranty of such Credit Party or the grant of such security interest becomes effective with respect to such Hedge Obligation. If a Hedge
Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Hedge Obligation that is attributable to swaps for which such Guaranty or security interest is or becomes illegal. 

“Excluded Real Property” shall mean (a) any fee-owned real property with a purchase price (in the case of real property
acquired after the Agreement Date) or Fair Market Value (in the case of real property owned as of the Agreement Date, with Fair Market Value determined as of the Agreement Date) of less than $3,500,000 individually, (b) any real property that
is subject to a Lien permitted by Sections 7.2(d), (q), (v), (w), (bb) or (cc), (c) any real property with respect to which, in the reasonable judgment of the Administrative Agent (confirmed by notice
to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such
real property would (i) be prohibited or limited by any Applicable Law (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners
that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such
contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a Wholly Owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture
governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other Applicable Law) and (e) any Leasehold. 

“Excluded Subsidiary” shall mean (a) any Subsidiary that is prohibited by Applicable Law, rule or regulation or by any
contractual obligation existing on the Agreement Date or on the date any such Subsidiary is acquired (so long as in respect of any such contractual prohibition such prohibition is not incurred in contemplation of such acquisition), in each case from
guaranteeing 

  
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such obligations or which would require governmental (including regulatory) consent, approval, license or authorization to provide a guarantee unless such consent, approval, license or
authorization has been received, or for which the provision of a guarantee would result in a material adverse tax consequence to the Borrower and its Subsidiaries (as reasonably determined by the Borrower in consultation with the Administrative
Agent), (b) any Foreign Subsidiary, (c) a Domestic Subsidiary substantially all of the assets of which consist of equity of CFCs, or that is a disregarded entity for U.S. federal income tax purposes and substantially all of the assets of
which are equity or equity and debt indebtedness of CFCs (each, a “Foreign Subsidiary Holding Company”), (d) any Subsidiary of a CFC or a Foreign Subsidiary Holding Company, (e) a captive insurance Subsidiary, (f) a
not-for-profit Subsidiary, (g) certain special purpose entities, including special purpose securitization vehicles (or similar entities), (h) where the Borrower and the Administrative Agent reasonably agree that the cost of providing such
a Guaranty is excessive in relation to the value afforded to the Lenders thereby, (i) any Immaterial Subsidiary, and (j) any Non-Wholly Owned Subsidiary; provided that no Subsidiary shall be or be designated as an “Excluded
Subsidiary” if such Subsidiary has provided a Guaranty of, or pledged any Collateral as security for, the Term Loan Facility or any other Material Indebtedness. 

“Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender or any other recipient of any payment to be
made by or on account of any obligation of any Credit Party hereunder or under any other Loan Document, (a) Taxes imposed on (or measured by) such recipient’s net income (however denominated) and franchise Taxes imposed on it (in lieu of
net income Taxes) by a jurisdiction (i) as a result of such recipient being organized or having its principal office or, in the case of any Lender, its applicable lending office in such jurisdiction, or (ii) as a result of any other
present or former connection between such recipient and the jurisdiction imposing such Tax (other than a connection arising solely from such recipient (x) having executed, delivered, become a party to, performed its obligations or received
payments under, received or perfected a security interest under or enforced any Loan Documents or engaged in any other transaction pursuant to this Agreement or (y) with respect to any Taxes imposed as a result of any Credit Party’s
connection with the taxing jurisdiction, having sold or assigned an interest in any Loan Documents), (b) any branch profits tax imposed under Section 884(a) of the Code, or any similar Tax, imposed by any jurisdiction described in clause
(a) above, (c) any U.S. federal withholding Tax imposed pursuant to FATCA, (d) any United States federal withholding Tax that is attributable to a Lender’s failure to comply with Section 2.18(e) and (e) except in
the case of an assignee pursuant to a request by the Borrower under Section 10.16 hereto, any U.S. federal withholding Taxes imposed on amounts payable to a Lender pursuant to the Applicable Law in effect at the time such Lender becomes
a party hereto (or designates a new lending office), except to the extent that such Lender (or its assignor, if any) was entitled, immediately prior to the time of designation of a new lending office (or assignment), to receive additional amounts
with respect to such withholding Tax under Section 2.18(a). 
 “Existing Credit Agreement” means that certain
Credit Agreement dated as of April 13, 2017 by and between Borrower, the guarantors party thereto, the lenders party thereto, SunTrust Bank, as the issuing bank, swing bank and administrative agent, KeyBank National Association, as issuing bank
and syndication agent, U.S. Bank National Association, as documentation agent, and SunTrust Robinson Humphrey, Inc., as left lead arranger and bookrunner. 

  
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 “Fair Market Value” or “fair market value” shall mean,
with respect to any asset or group of assets on any date of determination, the value of the consideration obtainable in a sale of such asset at such date of determination assuming a sale by a willing seller to a willing purchaser dealing at
arm’s length and arranged in an orderly manner over a reasonable period of time taking into account the nature and characteristics of such asset, as reasonably determined by the Borrower in good faith (which determination shall be conclusive).

 “FATCA” shall mean Sections 1471 through 1474 of the Code as of the date of this Agreement (or any amended or successor
version that is substantively comparable thereto and not materially more onerous to comply with), any current or future U.S. Treasury regulations thereunder or other official administrative interpretations thereof, any agreements entered into
pursuant to current Section 1471(b)(1) of the Code as of the date of this Agreement (or any amended or successor version described above) and any intergovernmental agreements implementing the foregoing. 

“Federal Funds Rate” shall mean (a) the weighted average per annum interest rate on overnight federal funds transactions
with members of the Federal Reserve System on the applicable day (or the preceding Business Day, if the applicable day is not a Business Day), as published by the Federal Reserve Bank of New York on the next Business Day; or (b) if the rate is
not so published, the average rate per annum (rounded up to the nearest 1/8 of 1%) charged to Bank of America on the applicable day on such transactions, as determined by the Administrative Agent; provided, that in no event shall the Federal
Funds Rate be less than zero. 
 “Field Exam” shall mean an examination of the Borrower’s and each Guarantor’s
assets, liabilities, books and records with the results of such Field Exam (including concurrence with the proposed advance rates and ineligibles) in form and substance acceptable to the Administrative Agent. 

“Financial Covenant” shall mean the financial covenant applicable to the Credit Parties from time to time pursuant to
Section 7.13. 
 “Financial Covenant Testing Period” shall mean each period (a) commencing on any date
that Excess Availability is less than the greater of (i) 10% of Availability and (ii) $<10,000,000>12,500,000, and (b) ending on the date thereafter when Excess
Availability has exceeded the greater of (i) 10% of Availability and (ii) $<10,000,000>12,500,000 for thirty (30) consecutive days. 

“Financial Officer” shall mean the chief financial officer, principal accounting officer, treasurer or corporate controller
of the Borrower. 
 “Financing Transactions” shall mean (a) the execution, delivery and performance by each Credit
Party of the Loan Documents to which it is to be a party and (b) the borrowing of Loans hereunder and the use of the proceeds thereof. 

“FIRREA” means the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended. 

  
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 “Fixed Charge Coverage Ratio” shall mean, with respect to the Borrower and
its Restricted Subsidiaries on a consolidated basis for any period, the ratio of (a) (i) Consolidated EBITDA for such period minus (ii) the sum of (A) Capital Expenditures made in cash during such period (other than
Capital Expenditures financed with Indebtedness (other than Revolving Loans) permitted to be incurred hereunder) and (B) tax payments made in cash during such period, to (b) Fixed Charges for such period. 

“Fixed Charges” shall mean, with respect to the Borrower and its Restricted Subsidiaries on a consolidated basis for any
period, the sum (without duplication) of (a) Interest Expense paid or payable in cash during such period, (b) scheduled principal payments paid or payable on outstanding Indebtedness (other than payments due and paid at the final stated
maturity of such Indebtedness) during such period, (c) payments with respect to seller notes, non-compete agreements and earnouts paid or payable in cash during such period and (d) cash dividends to holders of Equity Interests paid during
such period (but excluding dividends paid in cash to the Credit Parties). 
 “Flood Insurance Laws” shall mean,
collectively, (a) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto,
(c) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto, (d) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (e) the
Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute thereto. 
 “Foreign
Lender” shall mean a Lender that is not a U.S. Person. 
 “Foreign Subsidiary” shall mean any Subsidiary of a
Credit Party that is not a Domestic Subsidiary. 
 “Fund” shall mean any Person that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

“GAAP” shall mean generally accepted accounting principles in the United States of America, as in effect from time to time;
provided, however, that if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Agreement Date in GAAP or in the
application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Majority Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given
before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been
withdrawn or such provision amended in accordance herewith. Notwithstanding any other provision contained herein, (a) all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios
referred to herein shall be made, without giving effect to any election under FASB Accounting Standards Codification 825-Financial Instruments, or any successor thereto (including pursuant to the FASB Accounting Standards Codification), to value any
Indebtedness of any subsidiary at “fair value,” as defined therein and (b) the amount of any Indebtedness under GAAP with respect to Capital Lease Obligations shall be determined in accordance with the definition of Capital Lease
Obligations. 

  
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 “Governmental Approvals” shall mean all authorizations, consents,
approvals, permits, licenses and exemptions of, registrations and filings with, and reports to, Governmental Authorities. 

“Governmental Authority” shall mean the government of the United States of America, any other nation or any political
subdivision thereof, whether federal, state, provincial, territorial, local or otherwise, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government (including any supra national bodies such as the European Union or the European Central Bank). 

“Guarantors” shall mean, collectively, the Subsidiary Guarantors and any other Person that has executed a Joinder Supplement
or other document guaranteeing all or any portion of the Obligations, and “Guarantor” shall mean any one of the foregoing Guarantors. 

“Guaranty” or “guaranteed,” as applied to an obligation (each a “primary obligation”), shall mean
and include (a) any guaranty, direct or indirect, in any manner, of any part or all of such primary obligation, and (b) any agreement, direct or indirect, contingent or otherwise, the practical effect of which is to assure in any way the
payment or performance (or payment of damages in the event of non-performance) of any part or all of such primary obligation, including, without limiting the foregoing, any reimbursement obligations as to amounts drawn down by beneficiaries of
outstanding letters of credit, and any obligation of any Person, whether or not contingent, (i) to purchase any such primary obligation or any property or asset constituting direct or indirect security therefor, (ii) to advance or supply
funds (A) for the purchase or payment of such primary obligation or (B) to maintain working capital, equity capital or the net worth, cash flow, solvency or other balance sheet or income statement condition of any other Person,
(iii) to purchase property, assets, securities or services primarily for the purpose of assuring the owner or holder of any primary obligation of the ability of the primary obligor with respect to such primary obligation to make payment thereof
or (iv) otherwise to assure or hold harmless the owner or holder of such primary obligation against loss in respect thereof. All references in this Agreement to “this Guaranty” shall be to the Guaranty provided for pursuant to the
terms of Article 3. 
 “Hazardous Materials” shall mean all explosive, radioactive, hazardous or toxic substances,
wastes or other pollutants, including petroleum or petroleum by-products or distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other dangerous or deleterious substances,
wastes, chemicals, pollutants or contaminants of any nature and in any form regulated pursuant to any Environmental Law. 
 “Hedge
Agreement” shall mean a “swap agreement” as defined in the Bankruptcy Code Section 101(53B)(A) and any and all transactions, agreements or documents related thereto now existing or hereafter entered into between or among any
Credit Party or any of their Restricted Subsidiaries, on the one hand, and any other Person, on the other hand. 

  
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 “Hedge Obligations” shall mean any and all obligations or liabilities,
whether absolute or contingent, due or to become due, now existing or hereafter arising, of any Credit Party or any Restricted Subsidiary arising under, owing pursuant to, or existing in respect of Hedge Agreements entered into with one or more of
the Lender Group members. 
 “Immaterial Subsidiary” shall mean any Subsidiary other than a Material Subsidiary. 

“Incremental Revolving Facility” shall have the meaning provided in Section 2.1(f). 

“Incremental Revolving Loans” shall have the meaning provided in Section 2.1(f). 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money,
(b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person,
(d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding (x) trade accounts payable in the ordinary course of business, (y) any earn-out obligation until after 30 days of becoming
due and payable, has not been paid and such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and (z) taxes and other accrued expenses), (e) all Indebtedness of others secured by (or for which the
holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such
Person of Indebtedness of others, (g) all Capital Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty and (i) all
obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances; provided that the term “Indebtedness” shall not include (i) deferred or prepaid revenue, (ii) purchase price holdbacks in
respect of a portion of the purchase price of an asset to satisfy warranty, indemnity or other unperformed obligations of the seller, (iii) any obligations attributable to the exercise of appraisal rights and the settlement of any claims or
actions (whether actual, contingent or potential) with respect thereto, (iv) [reserved], (v) for the avoidance of doubt, any Qualified Equity Interests issued by the Borrower, (vi) obligations in respect of any residual value
guarantees on equipment leases, (vii) any earn-out, take-or-pay or similar obligation to the extent such obligation is not shown as a liability on the balance sheet of such Person in accordance with GAAP and is not paid after becoming due and
payable and (viii) asset retirement obligations and obligations in respect of reclamation and workers’ compensation (including pensions and retiree medical care). The Indebtedness of any Person shall include the Indebtedness of any other
entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms
of such Indebtedness provide that such Person is not liable therefor. The amount of Indebtedness of any Person for purposes of clause (e) above shall (unless such Indebtedness has been assumed by such Person) be deemed to be equal to the lesser
of (A) the aggregate unpaid amount of such Indebtedness and (B) the fair market value of the property encumbered thereby as determined by such Person in good faith. For all purposes hereof, the Indebtedness of the Borrower and its
Restricted Subsidiaries shall exclude intercompany liabilities arising from their cash management, tax, and accounting operations and intercompany loans, advances or Indebtedness having a term not exceeding 364 days (inclusive of any rollover or
extensions of terms). 

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

“Indemnitee” shall have the meaning specified in Section 10.2(b). 

“Initial Revolving Facility” means the Revolving Facility represented by the Revolving Loan Commitment in effect as of the
Agreement Date. 
 “Intellectual Property” shall mean all intellectual and similar Property of a Person including
(a) inventions, designs, patents, patent applications, copyrights, trademarks, service marks, trade names, trade secrets, confidential or proprietary information, customer lists, know-how, software, and databases; (b) all embodiments or
fixations thereof and all related documentation, applications, registrations, and franchises; (c) all licenses or other rights to use any of the foregoing; and (d) all books and records relating to the foregoing. 

“Interest Expense” shall mean, as determined for any period on a consolidated basis for the Borrower and its consolidated
Restricted Subsidiaries in accordance with GAAP, the total interest expense, including, without limitation, the interest component of any payments in respect of capital leases capitalized or expensed during such period (whether or not actually paid
during such period) and the net amount payable (or minus the net amount receivable) under Hedge Agreements during such period (whether or not actually paid or received during such period). 

“Interest Period” shall mean, for each
<LIBOR>Term
SOFR Advance, each interest period of <30>one, <60, 90
days>three or <180 days>six
months, as selected by the Borrower pursuant to Section 2.2, during which the applicable
<LIBOR>Term
 SOFR Rate (but not the Applicable Margin) shall remain unchanged. Notwithstanding the foregoing, however, (a) the Interest Period shall begin on the date the <LIBOR>Term
SOFR Advance is made or continued as, or converted into, a <LIBOR>Term SOFR Advance, and shall expire on the numerically corresponding day
in the calendar month at its end; (b) if any Interest Period begins on a day for which there is no corresponding day in the calendar month at its end or if such corresponding day falls after the last Business Day of such month, then the
Interest Period shall expire on the last Business Day of such month; and if any Interest Period would otherwise expire on a day that is not a Business Day, the period shall expire on the next Business Day; and (c) no Interest Period shall
extend beyond the Maturity Date. 
 “Interest Rate Basis” shall mean the Base Rate or <LIBOR>Term
SOFR Rate, as applicable. 
 “Inventory” shall mean all
“inventory,” as such term is defined in the UCC, of each Credit Party, whether now existing or hereafter acquired, wherever located, and in any event including inventory, merchandise, goods and other personal property that are held by or
on behalf of a Credit Party for sale or lease or are furnished or are to be furnished under a contract of service, goods that are leased by a Credit Party as lessor, or that constitute raw materials, samples, work-in-process, finished goods,
returned goods, promotional materials or materials or supplies of any kind, nature or description used or consumed or to be used or consumed in such Credit Party’s business or in the processing, production, packaging, promotion, delivery or
shipping of the same, including all supplies and embedded software. 

  
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 “Inventory Reserve” shall mean the aggregate amount of reserves, as
established by the Administrative Agent from time to time in its Permitted Discretion, to reflect factors that may negatively impact the value of Eligible Inventory, including, without duplication of eligibility criteria, changes in salability, slow
moving, obsolescence, shrinkage, theft, imbalance, change in composition or mix, markdowns and vendor chargebacks. 

“Investment” shall mean, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means
of (a) the purchase or other acquisition of Equity Interests or debt or other securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of Indebtedness of, or purchase or other acquisition of any
other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person (excluding, in the case of the Borrower and its Restricted Subsidiaries intercompany advances arising from
their cash management, tax, and accounting operations and made in the ordinary course of business) or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets
or business of another Person or assets constituting a business unit, line of business or division of such Person. The amount, as of any date of determination, of (a) any Investment in the form of a loan or an advance shall be the principal
amount thereof outstanding on such date, minus any cash payments actually received by such investor representing interest in respect of such Investment (to the extent any such payment to be deducted does not exceed the remaining principal
amount of such Investment and without duplication of amounts increasing the Available Equity Amount), but without any adjustment for write-downs or write-offs (including as a result of forgiveness of any portion thereof) with respect to such loan or
advance after the date thereof, (b) any Investment in the form of a Guarantee shall be equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not
stated or determinable, the maximum reasonably anticipated liability in respect thereof, as determined in good faith by a Financial Officer, (c) any Investment in the form of a transfer of Equity Interests or other non-cash property by the
investor to the investee, including any such transfer in the form of a capital contribution, shall be the fair market value (as determined in good faith by a Financial Officer) of such Equity Interests or other property as of the time of the
transfer, minus any payments actually received by such investor representing a return of capital of, or dividends or other distributions in respect of, such Investment (to the extent such payments do not exceed, in the aggregate, the original
amount of such Investment and without duplication of amounts increasing the Available Equity Amount), but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect to, such Investment
after the date of such Investment, and (d) any Investment (other than any Investment referred to in clause (a), (b) or (c) above) by the specified Person in the form of a purchase or other acquisition for value of any Equity
Interests, evidences of Indebtedness or other securities of any other Person shall be the original cost of such Investment (including any Indebtedness assumed in connection therewith), plus (i) the cost of all additions thereto and
minus (ii) the amount of any portion of such Investment that has been repaid to the investor in cash as a repayment of principal or a return of capital, and of any cash payments actually received by such investor representing interest,
dividends or other distributions in respect of such Investment (to the extent the amounts referred to in clause (ii) do not, in the aggregate, exceed the original cost of such Investment plus the costs

  
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of additions thereto and without duplication of amounts increasing the Available Equity Amount), but without any other adjustment for increases or decreases in value of, or write-ups, write-downs
or write-offs with respect to, such Investment after the date of such Investment. For purposes of Section 7.4, if an Investment involves the acquisition of more than one Person, the amount of such Investment shall be allocated among the
acquired Persons in accordance with GAAP; provided that pending the final determination of the amounts to be so allocated in accordance with GAAP, such allocation shall be as reasonably determined by a Financial Officer. 

“Issuing Bank” shall mean Bank of America, N.A. and any other Lender designated by the Borrower and approved by the
Administrative Agent that hereafter may be designated as the Issuing Bank. 
 “Issuing Bank Indemnitees” shall have the
meaning set forth in Section 9.17. 
 “Joinder Supplement” shall mean a joinder supplement in substantially the
form of Exhibit J. 

“KPI’s”
 shall have the meaning set forth in Section 2.19. 

“Leaseholds” of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under
leases or licenses of land, improvements and/or fixtures. 
 “Lender Group” shall mean, collectively, the Administrative
Agent (for itself and on behalf of any of its Affiliates party to a Bank Products Document), the Issuing Bank, the Swing Bank, and the Lenders (for themselves and on behalf of any their Affiliates party to a Bank Products Document). In addition, if
Bank of America ceases to be the Administrative Agent or if any Lender ceases to be a Lender, then for any Bank Products Document entered into by any Credit Party with Bank of America or any of its Affiliates while Bank of America was the
Administrative Agent, or such Lender or any of its Affiliates while such Lender was a Lender, then Bank of America, such Lender, or any such Affiliate, as applicable, shall be a deemed to be a member of the Lender Group for purposes of determining
the secured parties under any Security Documents. 
 “Lenders” shall mean those lenders whose names are set forth on the
signature pages to this Agreement under the heading “Lenders” and any assignees of the Lenders who hereafter become parties hereto pursuant to and in accordance with Sections 10.5 or 10.16; and “Lender” shall mean
any one of the foregoing Lenders. 
 “Letter of Credit Commitment” shall mean, as of any date of determination, the
obligation of the Issuing Bank to issue Letters of Credit as of such date. As of the <Agreement>Amendment No. 3 Effective Date, the Letter of Credit Commitment is
$<75,000,000>100,000,000
 and may be reduced or increased pursuant to the terms of this Agreement. 

“Letter of Credit Disbursement” shall mean a payment made by the Issuing Bank pursuant to a Letter of Credit. 

“Letter of Credit Obligations” shall mean, at any time, the sum of (a) an amount equal to one hundred percent
(100%) of the aggregate undrawn and unexpired stated amount (including the amount to which any such Letter of Credit can be reinstated pursuant to its terms) of the then outstanding Letters of Credit, plus (b) an amount equal to one
hundred percent (100%) of the aggregate drawn, but unreimbursed drawings of any Letters of Credit. The Letter of Credit Obligations with respect to any Lender shall be its Aggregate Commitment Ratio of the total Letter of Credit Obligations at
such time. 

  
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 “Letter of Credit Reserve Account” shall mean any account maintained by the
Administrative Agent the proceeds of which shall be applied as provided in Section 8.2(d). 
 “Letters of
Credit” shall mean any standby or documentary letter of credit, foreign guaranty, documentary bankers acceptance, indemnity, reimbursement agreement or similar instrument issued by the Issuing Bank for the account or benefit of any Credit
Party from time to time in accordance with Section 2.15. 
 <”LIBOR
>Advance” shall mean an Advance which the Borrower requests to be made as a <LIBOR >Advance or which is continued as or converted to a
<LIBOR >Advance, in accordance with the
provisions of Section 2.2. 
 <”LIBOR Rate” the per annum rate of interest (rounded up to the nearest 1/8th of 1%) >determined by the Administrative Agent <at or about 11:00 a.m. (London
time) two Business Days prior to an interest period, for a term equivalent to such period, equal to the London Interbank Offered Rate, or comparable or successor rate approved by Agent, as >published on the applicable Reuters screen page (or <other commercially
available source designated by the Administrative >Agent from time to time)<; provided, that any comparable or successor rate shall be applied by the Administrative Agent, if administratively feasible, in a manner
consistent with market practice; and provided further, that in no event shall the LIBOR Rate >be
less than zero. 
 <”LIBOR Successor Rate” shall have the meaning specified in Section 11.1.> 

<”LIBOR Successor Rate Conforming
Changes” shall have the meaning specified in Section 11.1.> 

“Licensor” shall mean any Person from whom a Credit Party obtains the right to use any Intellectual Property. 

“Lien” shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge, security assignment, security transfer of title or security interest in, on or of such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing
lease having substantially the same economic effect as any of the foregoing) relating to such asset. 
 “Loan Account”
shall have the meaning specified in Section 2.7. 
 “Loan Documents” shall mean this Agreement, any Revolving
Loan Notes, the Security Documents, the Controlled Account Agreements, the Joinder Supplements, all reimbursement agreements relating to Letters of Credit issued hereunder, all Third Party Agreements, all Perfection Certificates, all Compliance
Certificates, all Requests for Advance, all Requests for Issuance of Letters of Credit, all Notices of Conversion/Continuation, all Borrowing Base Certificates, all fee letters executed in connection with this Agreement, all documents executed in

  
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connection with the Federal Assignment of Claims Act of 1940 (if any), all subordination agreements, the Intercompany Subordination Agreement, the ABL/Term Intercreditor Agreement and any other
intercreditor agreements, and all other documents, instruments, certificates, and agreements executed or delivered in connection with or contemplated by this Agreement, including, without limitation, any security agreements or guaranty agreements
from any Credit Party’s Restricted Subsidiaries to the Lender Group, or any of them, all of the foregoing, as amended, restated, supplemented or otherwise modified from time to time; provided, however, that, notwithstanding the
foregoing, none of the Bank Products Documents shall constitute Loan Documents.  
 “Loans” shall mean,
collectively, the Revolving Loans, the Swing Loans and the Agent Advances. 
 “Majority Lenders” shall mean, as of any date
of calculation, Lenders the sum of whose unutilized portion of the Revolving Loan Commitment plus Loans (other than Swing Loans and Agent Advances) outstanding plus participation interests in Letter of Credit Obligations, Swing Loans and Agent
Advances outstanding on such date of calculation exceeds fifty percent (50%) of the sum of the aggregate unutilized portion of the Revolving Loan Commitment plus Loans (other than Swing Loans and Agent Advances) outstanding plus participation
interests in Letter of Credit Obligations, Swing Loans and Agent Advances outstanding of all of the Lenders as of such date of calculation; provided that to the extent that any Lender is a Defaulting Lender, such Defaulting Lender and all of
its Revolving Loan Commitments, Loans and participation interests in Letter of Credit Obligations, Swing Loans and Agent Advances shall be excluded for purposes of determining Majority Lenders. 

“Market Capitalization” means an amount equal to (i) the total number of issued and outstanding shares of common Equity
Interests of the Borrower on the date of the declaration of a Restricted Payment permitted pursuant to Section 7.7(a)(xvi) multiplied by (ii) the arithmetic mean of the closing prices per share of such common Equity Interests on the
principal securities exchange on which such common Equity Interests are traded for the 30 consecutive trading days immediately preceding the date of declaration of such Restricted Payment. 

“Material Adverse Effect” means a circumstance or condition affecting the business, financial condition, or results of
operations of the Borrower and its Subsidiaries, taken as a whole, that would reasonably be expected to have a materially adverse effect on (a) the ability of the Borrower and the other Credit Parties, taken as a whole, to perform their payment
obligations under the Loan Documents or (b) the material rights and remedies of the Administrative Agent and the Lenders under the Loan Documents. 

“Material Contracts” shall mean, collectively, all contracts, leases, instruments, guaranties, licenses or other arrangements
(other than the Loan Documents) to which any Credit Party or any Restricted Subsidiary of a Credit Party is or becomes a party as to which the breach, nonperformance, cancellation or failure to renew by any party thereto could reasonably be expected
to have a Material Adverse Effect. 

  
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 “Material Indebtedness” means Indebtedness for borrowed money (other than
the Loan Obligations), Capital Lease Obligations, unreimbursed obligations for letter of credit drawings and financial guarantees (other than ordinary course of business contingent reimbursement obligations) or obligations in respect of one or more
Hedge Agreements, of any one or more of the Borrower and its Restricted Subsidiaries in an aggregate principal amount exceeding $50,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the obligations in
respect of any Hedge Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Restricted Subsidiary would be required to pay if such Hedge Agreement were terminated at such time.

 “Material Real Property” shall mean real property (including fixtures) located in the United States and owned by any
Credit Party with a Fair Market Value, as reasonably determined by the Borrower in good faith, greater than or equal to $<3,500,000>10,000,000. 

“Material Subsidiary” means (i) each Wholly Owned Restricted Subsidiary that, as of the last day of the fiscal quarter
of the Borrower most recently ended, had net revenues or total assets for such quarter in excess of 5.0% of the consolidated net revenues or total assets, as applicable, of the Borrower and its Restricted Subsidiaries for such quarter;
provided that in the event that the Immaterial Subsidiaries, taken together, had as of the last day of the fiscal quarter of the Borrower most recently ended net revenues or total assets in excess of 10.0% of the consolidated revenues or
total assets, as applicable, of the Borrower and its Restricted Subsidiaries for such quarter, the Borrower shall designate one or more Immaterial Subsidiaries to be a Material Subsidiary as may be necessary such that the foregoing 10.0% limit shall
not be exceeded, and (ii) any such Subsidiary shall thereafter be deemed to be an Material Subsidiary hereunder; provided further that the Borrower may re-designate Material Subsidiaries as Immaterial Subsidiaries so long as
Borrower is in compliance with the foregoing. 
 “Maturity Date” shall mean the earliest to occur of (a) <September 26,
2024>February 17, 2027, and (b) such
earlier date as payment of the Loans shall be due (whether by acceleration or otherwise). 
 “Maximum Guaranteed
Amount” shall have the meaning specified in Section 3.1(g). 
 “Maximum Term Loan Amount” shall have
the meaning set forth in the ABL/Term Intercreditor Agreement. 
 “MNPI” shall have the meaning specified in
Section 10.17(a). 
 “Moody’s” shall mean Moody’s Investors Service, Inc., and any successor to its
rating agency business. 
 “Mortgage” shall mean a mortgage, deed of trust, hypothecation, assignment of leases and rents,
leasehold mortgage, debenture, legal charge or other security document granting a Lien on any Mortgaged Property in favor of the Administrative Agent for the benefit of the Lender Group to secure the Obligations, as the same may be amended, amended
and restated, supplemented or otherwise modified from time to time. Each Mortgage shall be in form and substance reasonably satisfactory to the Administrative Agent and the Borrower. For the avoidance of doubt, no Mortgage shall be required with
respect to any Excluded Real Property. 

  
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 “Mortgaged Property” shall mean each parcel of real property with respect
to which a Mortgage is granted pursuant to the Collateral and Guarantee Requirement, Section 6.12, Section 6.13 or Section 6.15 (if any). 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 

“Necessary Authorizations” shall mean all material authorizations, consents, permits, approvals, licenses, and exemptions
from, and all filings and registrations with, and all reports to, any Governmental Authority whether Federal, state, local, and all agencies thereof, which are required for the incurrence or maintenance of the Obligations and any other transactions
contemplated by the Loan Documents and the conduct of the businesses and the ownership (or lease) of the properties and assets of the Credit Parties and each of their Restricted Subsidiaries. 

“Net Proceeds” shall mean, with respect to any event, (a) the proceeds received in respect of such event in cash or
Permitted Investments, including (i) any cash or Permitted Investments received in respect of any non-cash proceeds (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or
purchase price adjustment or earn-out, but excluding any interest payments), but only as and when received, (ii) in the case of a casualty, insurance proceeds that are actually received, and (iii) in the case of a condemnation or similar
event, condemnation awards and similar payments that are actually received, minus (b) the sum of (i) all fees and out-of-pocket expenses paid by the Borrower and its Restricted Subsidiaries in connection with such event (including
attorney’s fees, investment banking fees, survey costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes, underwriting discounts and commissions, other customary expenses and
brokerage, consultant, accountant and other customary fees), (ii) in the case of a sale, transfer or other disposition of an asset (including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar proceeding),
(x) the amount of all payments that are permitted hereunder and are made by the Borrower and its Restricted Subsidiaries as a result of such event to repay Indebtedness (other than the Loans) secured by such asset or otherwise subject to
mandatory prepayment as a result of such event, (y) the pro rata portion of net cash proceeds thereof (calculated without regard to this clause (y)) attributable to minority interests and not available for distribution to or for the account of
the Borrower or its Restricted Subsidiaries as a result thereof and (z) the amount of any liabilities directly associated with such asset and retained by the Borrower or any Restricted Subsidiary and (iii) the amount of all taxes paid (or
reasonably estimated to be payable), the amount of Tax Distributions, dividends and other restricted payments that the Borrower and/or the Restricted Subsidiaries may make pursuant to Sections 7.7(a)(vii)(A) or (B) as a result of
such event, and the amount of any reserves established by the Borrower and its Restricted Subsidiaries to fund contingent liabilities reasonably estimated to be payable, that are directly attributable to such event, provided that any
reduction at any time in the amount of any such reserves (other than as a result of payments made in respect thereof) shall be deemed to constitute the receipt by the Borrower at such time of Net Proceeds in the amount of such reduction. 

“New Project” shall mean (a) each facility which is either a new facility, branch or office or an expansion, relocation,
remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit
to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market. 

  
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 “NOLV Percentage” the net orderly liquidation value of Inventory, expressed
as a percentage, expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent appraisal of the Borrower’s’ Inventory performed by an
appraiser and on terms satisfactory to the Administrative Agent. 
 “Non-Cash Charges” shall mean (a) any impairment
charge or asset write-off or write-down, including impairment charges or asset write-offs or write-downs related to intangible assets (including goodwill), long-lived assets, and Investments in debt and equity securities or as a result of a change
in law or regulation, in each case pursuant to GAAP, and the amortization of intangibles pursuant to GAAP (which, without limiting the foregoing, shall include any impairment charges resulting from the application of FASB Statements No. 142 and
144 and the amortization of intangibles arising pursuant to No. 141), (b) all losses from Investments recorded using the equity method, (c) all Non-Cash Compensation Expenses, (d) the non-cash impact of acquisition method
accounting, (e) depreciation and amortization (including, without limitation, as they relate to acquisition accounting, amortization of deferred financing fees or costs, Capitalized Software Expenditures and amortization of unrecognized prior
service costs and actuarial gains and losses related to pension and other post-employment benefits) and (f) other non-cash charges (including non-cash charges related to deferred rent) (provided, in each case, that if any non-cash
charges represent an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA to such extent, and excluding amortization of a prepaid
cash item that was paid in a prior period). 
 “Non-Cash Compensation Expense” means any non-cash expenses and costs that
result from the issuance of stock-based awards, partnership interest-based awards and similar incentive based compensation awards or arrangements. 

“Non-Defaulting Lender” shall mean, at any time, a Lender that is not a Defaulting Lender. 

“Non-Wholly Owned Subsidiary” of any Person shall mean any Subsidiary of such Person other than a Wholly Owned Subsidiary.

 “Notice of Conversion/Continuation” shall mean a notice in substantially the form of Exhibit E. 

“Not Otherwise Applied” means, with reference to the Available Equity Amount, as applicable, that such amount was not
previously applied pursuant to Sections 7.4(m), 7.7(a)(viii) and 7.7(b)(iv). 
 “Obligations” shall
mean (a) all payment and performance obligations as existing from time to time of the Credit Parties to the Lender Group, or any of them, under this Agreement and the other Loan Documents (including all Letter of Credit Obligations and
including any interest, fees and expenses that, but for the provisions of the Bankruptcy Code, would have accrued), or as a result of making the Loans or issuing the Letters of Credit, (b) the obligation to pay the amount

  
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of any and all damages which the Lender Group, or any of them, may suffer by reason of a breach by any Credit Party of any obligation, covenant, or undertaking with respect to this Agreement or
any other Loan Document, and (c) any Bank Products Obligations arising from or in connection with any Bank Products provided to a Credit Party or a Restricted Subsidiary by, and any Bank Products Documents entered into by a Credit Party or a
Restricted Subsidiary with, any Bank Products Provider, so long as such Bank Products Provider was a Lender at the time such Bank Products were provided or such Bank Products Documents were entered into; provided that any Bank Products
Provider providing any Bank Product shall have delivered written notice to the Administrative Agent that (i) such Bank Products Provider has entered into a transaction to provide Bank Products to a Credit Party or a Restricted Subsidiary and
(ii) the obligations arising pursuant to such Bank Products provided to such Credit Party or such Restricted Subsidiary constitute Obligations entitled to the benefits of the Liens granted under the Security Documents, and the Administrative
Agent shall have accepted such notice in writing; provided, further, that if a Bank Products Provider ceases to be a Lender Group member, “Obligations” shall include only debts, liabilities and obligations of such Lender
Group member (or Affiliate thereof) arising from or in connection with any Bank Products Documents entered into at a time when such Lender Group member (or Affiliate thereof) was a Lender Group member. Anything in the foregoing or in any Security
Document to the contrary notwithstanding, Excluded Hedge Obligations of any Credit Party shall not constitute Obligations. 

“OFAC” shall mean the U.S. Department of the Treasury’s Office of Foreign Assets Control. 

“Organizational Documents” means, with respect to any Person, the charter, articles or certificate of organization or
incorporation and bylaws or other organizational or governing documents of such Person. 
 “Other Taxes” shall mean any and
all present or future recording, stamp, court or documentary, intangible recording, filing, excise, transfer, sales, property or similar Taxes, charges or levies arising from any payment made under any Loan Documents, or from the execution,
delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to any Loan Document. 

“Overadvance” shall mean the existence of any of the following, whether as a result of the making of any Loan, the issuance
of any Letter of Credit, the reduction of any Revolving Loan Commitment, or for any other reason, including, without limitation, currency fluctuations, changes to the applicable Borrowing Base, or the imposition of Reserves: 

(a) the Aggregate Revolving Credit Obligations exceeds the lesser of (i) the Revolving Loan Commitment and (ii) the maximum amount
of Indebtedness permitted to be incurred under this Agreement pursuant to the ABL/Term Intercreditor Agreement; or 
 (b) the Aggregate
Revolving Credit Obligations shall exceed the Borrowing Base. 
 “Participant” shall have the meaning specified in
Section 10.5(d). 

  
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 “Patent Security Agreements” shall mean, collectively, any Patent Security
Agreement made by a Credit Party in favor of the Administrative Agent, on behalf of the Lender Group, from time to time, as amended, restated, supplemented, or otherwise modified from time to time. 

“Patriot Act” shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism Act of 2001, Pub. L. No. 107-56, 115 Stat. 272 (2001) as amended and in effect from time to time. 

“Payment Conditions” shall mean that before and after giving effect to the applicable incurrence of Indebtedness,
Acquisition, disposition, Investment or Restricted Payment (each a “specified transaction”), (a) no Default or Event of Default exists or would result therefrom, (b) either (i) Excess Availability (calculated on a Pro
Forma Basis) is greater than the greater of
(x) 
$<12,500,000>15,625,000
 and 12.5% of Availability (or, solely in the case of Restricted Payments and prepayments,
$<17,500,000>21,875,000
 and 17.5%) or (ii) (A) Excess Availability (calculated on a Pro Forma Basis) is greater than the greater of $<10,000,000>12,500,000
 and 10.0% of Availability (or, solely in the case of Restricted Payments and prepayments,
$<15,000,000>18,750,000
 and 15.0%) and (B) Borrower demonstrates that on a Pro Forma Basis it will have a Fixed Charge Coverage Ratio of at least 1.00 to 1.00 for the four (4) fiscal quarter period immediately
preceding such transaction for which financial statements for the Borrower have been delivered pursuant to Sections 6.1(a) or (b), and (c) with respect to any specified transaction in excess of $20,000,000 the
Administrative Agent shall have received a certificate of a Financial Officer of the Borrower certifying compliance with the preceding clauses and demonstrating (in reasonable detail) the calculations required thereby. For the purposes of
determining the satisfaction of the Payment Conditions in connection with a disposition, the calculation of Excess Availability shall be determined on a Pro Forma Basis after giving effect to (x) any reduction in the Borrowing Base which would
result from such sale or disposition and (y) any repayment of the Revolving Loans made contemporaneously with such sale or disposition from the cash proceeds thereof. 

“Payment Date” shall mean the last day of each Interest Period for a <LIBOR>Term
SOFR Advance. 
 “PBGC” means the Pension Benefit Guaranty
Corporation referred to and defined in ERISA and any successor entity performing similar functions. 
 “Perfection
Certificate” shall mean each Perfection Certificate executed and delivered by the Credit Parties on the Agreement
Date and on Amendment No. 3 Effective Date and, with respect
to any new Credit Party formed or acquired after the date hereof, on the date of the applicable Joinder Supplement. 

“Permitted Acquisition” shall mean any Acquisition by a Credit Party as to which all of the following conditions are
satisfied, in each case in form and substance reasonably satisfactory to the Administrative Agent: 
 (a) if the Acquisition Consideration
for such Acquisition exceeds $5,000,000, the applicable Credit Party shall have provided the Administrative Agent with at least five (5) Business Days (or such shorter period as may be acceptable to the Administrative Agent) prior written
notice of such Acquisition, which notice shall include a reasonably detailed description of such proposed Acquisition; 

  
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 (b) the Acquired Company shall be an operating company (or a holding company that holds,
directly or indirectly, one or more operating companies) that engages in a Permitted Business; 
 (c) the Acquisition is being completed on a
non-hostile basis without opposition from the board of directors (or other comparable governing body), managers or equity owners of the target entity; 

(d) if the Acquisition Consideration for such Acquisition exceeds
$<30,000,00>50,000,00
0: 
 (i) at least five (5) Business Days (or such shorter
period as may be acceptable to the Administrative Agent) prior to such proposed Acquisition the Borrower shall have delivered to the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent: 

(A) a consolidated balance sheet and income statement of the Borrower and its Restricted Subsidiaries on a Pro Forma Basis for
the four (4) fiscal quarter period most recently ending prior to the proposed date of such Acquisition for which financial statements for the Borrower have been delivered pursuant to Sections 6.1(a) or (b) (the
“Acquisition Pro Forma”), based on recent financial statements, which shall be complete and shall fairly present in all material respects the assets, liabilities, financial condition and results of operations of the Borrower and its
Restricted Subsidiaries (including the Acquisition) in accordance with GAAP in all material respects consistently applied; 

(B) financial statements (including audited financial statements, if available) reasonably acceptable to the Administrative
Agent with respect to the Person or Property subject to such Acquisition or, if no such financial statements are available, all material financial information received by the Borrower with respect to the Person or Property subject to such
Acquisition (including without limitation any quality of earnings report) (collectively, the “Target Financials”); and 

(C) a certificate of the chief financial officer of the Borrower certifying that (A) the Borrower (after taking into
consideration all rights of contribution and indemnity <such >Borrower has against its Restricted
Subsidiaries) will be solvent upon the consummation of the Acquisition and (B) the Acquisition Pro Forma fairly presents in all material respects the consolidated financial condition of the Borrower and its Restricted Subsidiaries as of the
date thereof on a Pro Forma Basis; and 

  
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 (ii) the applicable Credit Party shall have delivered to the Administrative
Agent all substantially final acquisition documents in connection with such Permitted Acquisition at least two (2) Business Days (or such shorter period as may be acceptable to the Administrative Agent) prior to the consummation of the
Permitted Acquisition, which documents shall be satisfactory to the Administrative Agent in its Permitted Discretion; provided that the applicable Credit Party shall deliver to the Administrative Agent all revised drafts of such acquisition
documents as and when available and shall deliver to the Administrative Agent the final executed copies of such acquisition documents prior to the date such Acquisition is consummated; 

(e) the Payment Conditions have been satisfied; and 

(f) the applicable Credit Party and the Person acquired in such Acquisition, as applicable, shall have complied with Section 6.12
in connection with such Acquisition in accordance with the time set forth therein. 
 To the extent the Accounts and/or Inventory acquired
in such Acquisition will be included in any applicable Borrowing Base (including without limitation for determining whether the Payment Conditions have been satisfied), the Administrative Agent shall have completed a Field Exam and, with respect to
Permitted Acquisitions with Acquisition Consideration that exceeds $20,000,000, a Qualified Appraisal, as applicable, with respect to such Accounts and/or Inventory, in each case satisfactory to the Administrative Agent in its Permitted Discretion;
provided, however, that in the case of Accounts and Inventory that (x) are substantially similar to those of Credit Parties before such proposed Acquisition, and (y) otherwise satisfy the applicable eligibility criteria, such
Accounts and Inventory shall be deemed Eligible Accounts and Eligible Inventory, respectively, without any such Field Exam or Qualified Appraisal and included in any applicable Borrowing Base so long as (1) including such Accounts and Inventory
acquired in any such Permitted Acquisition would not increase the aggregate amount of the Borrowing Base by more than 5.0% (before giving effect to the proposed Acquisition), and (2) the aggregate amount of all of such Accounts and Inventory
acquired in Permitted Acquisitions prior to the completion of a Field Exam and Qualified Appraisal, as applicable, with respect thereto would not increase the aggregate amount of the Borrowing Base by more than (I) if Excess Availability is
greater than $50,000,000,
<10.0>15.0
% or (II) otherwise, 5% (in each case, before giving effect to such Permitted Acquisitions). 

“Permitted Business” shall mean any business (including stock or assets) that derives a majority of its revenues from the
business engaged in by the Borrower and its Subsidiaries on the Agreement Date, any other business in the building supply industry and/or activities that are reasonably similar, ancillary or related to, or a reasonable extension, development or
expansion of, the businesses in which the Borrower and its Subsidiaries are engaged on the Agreement Date or any business in the building supply industry. 

“Permitted Discretion” shall mean a determination by the Administrative Agent made in good faith in the exercise of its
reasonable (from the perspective of a secured asset-based lender) credit judgment. 

  
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 “Permitted Encumbrances” shall mean: 

(a) Liens for Taxes, assessments or governmental charges that are (i) (1) not overdue for a period of the greater of (x) 30 days
and (y) any applicable grace period related thereto, or otherwise not at such time required to be paid pursuant to Section 5.05 and (2) failure to pay or discharge the same would not reasonably be expected to result in
liabilities in excess of $1,000,000 or (ii) being contested in good faith and by appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP (or other
applicable accounting principles); 
 (b) Liens with respect to outstanding motor vehicle fines and Liens imposed by law, such as
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or construction contractors’ Liens and other similar Liens arising in the ordinary course of business, in each case so long as such Liens do not
individually or in the aggregate have a Material Adverse Effect; 
 (c) Liens incurred or deposits made in the ordinary course of business
(i) in connection with workers’ compensation, unemployment insurance and other social security legislation or (ii) securing liability for reimbursement or indemnification obligations of (including obligations in respect of letters of
credit or bank guarantees or similar instrument for the benefit of) insurance carriers providing property, casualty or liability insurance to the Borrower or any Restricted Subsidiary or otherwise supporting the payment of items set forth in the
foregoing clause (i), whether pursuant to statutory requirements, common law or consensual arrangements; 
 (d) Liens incurred or deposits
made to secure the performance of bids, trade contracts, governmental contracts and leases, statutory obligations, surety, stay, customs and appeal bonds, performance bonds, return-of-money bonds, bankers acceptance facilities and other obligations
of a like nature (including those to secure health, safety and environmental obligations) and obligations in respect of letters of credit, bank guarantees or similar instruments that have been posted to support the same, in each case incurred in the
ordinary course of business or consistent with past practice, whether pursuant to statutory requirements, common law or consensual arrangements; 

(e) (i) survey exceptions, encumbrances, charges, easements, rights-of-way, restrictions, encroachments, protrusions, by-law, regulation
or zoning restrictions, reservations of or rights of other Persons and other similar encumbrances and title defects or irregularities affecting real property, that, in the aggregate, would not reasonably be expected to have a Material Adverse Effect
and (ii) any exception on the title policies issued in connection with any Mortgaged Property; 
 (f) Liens securing, or otherwise
arising from, judgments, decrees or attachments not constituting an Event of Default under Section 8.1(i); 
 (g) Liens on
(i) goods the purchase price of which is financed by a documentary letter of credit issued for the account of the Borrower or any of its Subsidiaries or Liens on bills of lading, drafts or other documents of title arising by operation of law or
pursuant to the standard terms of agreements relating to letters of credit, bank guarantees and other similar instruments; provided that such Lien secures only the obligations of the Borrower or such Subsidiaries in respect of such letter of
credit to the extent such obligations are permitted by Section 7.1 and (ii) specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’ acceptances issued
or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

  
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 (h) Liens arising from precautionary Uniform Commercial Code financing statements or similar
filings made in respect of operating leases entered into by the Borrower or any of its Subsidiaries; 
 (i) rights of recapture of unused
real property (other than any Mortgaged Property) in favor of the seller of such property set forth in customary purchase agreements and related arrangements with any Governmental Authority; 

(j) Liens in favor of deposit banks or securities intermediaries securing customary fees, expenses or charges in connection with the
establishment, operation or maintenance of deposit accounts or securities accounts; 
 (k) Liens in favor of obligations in respect of
performance, bid, appeal and surety bonds and performance and completion guarantees and similar obligations provided by the Borrower or any of the Restricted Subsidiaries or obligations in respect of letters of credit, bank guarantees or similar
instruments related thereto, in each case in the ordinary course of business or consistent with past practice; 
 (l) Liens arising from
grants of non-exclusive licenses or sublicenses of Intellectual Property made in the ordinary course of business; 
 (m) rights of setoff,
banker’s lien, netting agreements and other Liens arising by operation of law or by of the terms of documents of banks or other financial institutions in relation to the maintenance of administration of deposit accounts, securities accounts,
cash management arrangements or in connection with the issuance of letters of credit, bank guarantees or other similar instruments; 
 (n)
Liens arising from the right of distress enjoyed by landlords or Liens otherwise granted to landlords, in either case, to secure the payment of arrears of rent or performance of other obligations in respect of leased properties, so long as such
Liens are not exercised or except where the exercise of such Liens would not reasonably be expected to result in liabilities in excess of $2,500,000; 

(o) Liens or security given to public utilities or to any municipality or Governmental Authority when required by the utility, municipality or
Governmental Authority in connection with the supply of services or utilities to the Borrower and any other Restricted Subsidiaries; 
 (p)
servicing agreements, development agreements, site plan agreements, subdivision agreements, facilities sharing agreements, cost sharing agreements and other agreements pertaining to the use or development of any of the assets of the Person,
provided the same do not result in (i) a substantial and prolonged interruption or disruption of the business activities of the Borrower and its Restricted Subsidiaries, taken as a whole, or (ii) a Material Adverse Effect; 

(q) Liens solely on any cash earnest money deposits made by the Borrower or any of its Restricted Subsidiaries in connection with any letter of
intent or purchase agreement permitted under this Agreement; 

  
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 (r) the rights reserved to or vested in any Person or Governmental Authority by the terms of
any lease, license, franchise, grant or permit held by the Borrower or any of its Subsidiaries or by a statutory provision, to terminate any such lease, license, franchise, grant or permit, or to require annual or periodic payments as a condition to
the continuance thereof; 
 (s) restrictive covenants affecting the use to which real property may be put; 

(t) operating leases of vehicles or equipment which are entered into in the ordinary course of business; 

(u) Liens or covenants restricting or prohibiting access to or from lands abutting on controlled access highways or covenants affecting the use
to which lands may be put; provided that such Liens or covenants do not interfere with the ordinary conduct of business of the Borrower or any Restricted Subsidiary; 

(v) statutory Liens incurred or pledges or deposits made, in each case in the ordinary course of business, in favor of a Governmental Authority
to secure the performance of obligations of the Borrower or any Restricted Subsidiary under Environmental Laws to which any such Person is subject; 

(w) Liens on cash collateral that are required to be granted by the Borrower or any Restricted Subsidiary in connection with swap arrangements
for gas or electricity used in the business of such Person; 
 (x) receipt of progress payments and advances from customers in the ordinary
course of business to the extent the same creates a Lien on the related inventory and proceeds thereof; 
 (y) Liens securing Priority
Obligations; and 
 (z) Liens on cash collateral that are required to be granted by the Borrower or any Restricted Subsidiary in lieu of a
letter of credit to secure payments for insurance coverage provided by Zurich Insurance Group to Borrower or such Restricted Subsidiary; and any modifications, replacements, renewals or extensions of such Liens; provided further that
such modified, replacement, renewal or extension Liens do not extend to any additional property other than proceeds and products thereof. 
 provided
that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness for borrowed money other than Liens referred to in clauses (d) and (k) above securing obligations under letters of credit or bank guarantees
or similar instruments related thereto and in clause (g) above, in each case to the extent any such Lien would constitute a Lien securing Indebtedness for borrowed money. 

“Permitted Investments” shall mean any of the following, to the extent owned by the Borrower or any Restricted Subsidiary:

 (a) dollars, euro, Canadian dollars, or such other currencies held by it from time to time in the ordinary course of business; 

  
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 (b) readily marketable obligations issued or directly and fully guaranteed or insured by the
government or any agency or instrumentality of (i) the United States, (ii) the United Kingdom, (iii) Canada, (iv) Switzerland or (v) any member nation of the European Union, having average maturities of not more than 24
months from the date of acquisition thereof; provided that the full faith and credit of such country or such member nation of the European Union is pledged in support thereof; 

(c) time deposits and Eurodollar time deposits with, or certificates of deposit or bankers’ acceptances of, any commercial bank that
(i) is a Lender or (ii) has combined capital and surplus of at least $250,000,000 in the case of U.S. banks and $100,000,000 (or the U.S. dollar equivalent as of the date of determination) in the case of foreign banks (any such bank in the
foregoing clauses (i) or (ii) being an “Approved Bank”), in each case with average maturities of not more than 12 months from the date of acquisition thereof; 

(d) commercial paper and variable or fixed rate notes issued by an Approved Bank (or by the parent company thereof) or any commercial paper and
variable or fixed rate note issued by, or guaranteed by, a corporation rated A-2 (or the equivalent thereof) or better by S&P or P-2 (or the equivalent thereof) or better by Moody’s, in each case with average maturities of not more than 12
months from the date of acquisition thereof; 
 (e) repurchase agreements entered into by any Person with an Approved Bank, a bank or trust
company (including any of the Lenders) or recognized securities dealer covering securities described in clauses (b) and (c) above; 

(f) marketable short-term money market and similar highly liquid funds substantially all of the assets of which are comprised of securities of
the types described in clauses (b) through (e) above; 
 (g) securities with average maturities of 12 months or less from the date
of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, Switzerland, a member of the European Union or by any political subdivision or taxing authority of any such state, member, commonwealth or
territory having an investment grade rating from either S&P or Moody’s (or the equivalent thereof); 
 (h) investments with average
maturities of 12 months or less from the date of acquisition in mutual funds rated AAA- (or the equivalent thereof) or better by S&P or Aaa3 (or the equivalent thereof) or better by Moody’s; 

(i) instruments equivalent to those referred to in clauses (a) through (h) above denominated in euros or any other foreign currency
comparable in credit quality and tenor to those referred to above and customarily used by corporations for cash management purposes in any jurisdiction outside the United States to the extent reasonably required in connection with any business
conducted by any Subsidiary organized in such jurisdiction; 
 (j) investments, classified in accordance with GAAP as current assets of the
Borrower or any Subsidiary, in money market investment programs that are registered under the Investment Company Act of 1940 or that are administered by financial institutions having capital of at least $250,000,000 or its equivalent, and, in either
case, the portfolios of which are limited such that substantially all of such investments are of the character, quality and maturity described in clauses (a) through (i) of this definition; 

  
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 (k) with respect to any Subsidiary that is organized under the laws of a jurisdiction other
than the United States of America, any State thereof or the District of Columbia: (i) obligations of the national government of the country in which such Subsidiary maintains its chief executive office and principal place of business;
provided such country is a member of the Organization for Economic Cooperation and Development, in each case maturing within one year after the date of investment therein, (ii) certificates of deposit of, bankers acceptances of, or time
deposits with, any commercial bank which is organized and existing under the laws of the country in which such Subsidiary maintains its chief executive office and principal place of business; provided such country is a member of the
Organization for Economic Cooperation and Development, and whose short-term commercial paper rating from S&P is at least “A-2” or the equivalent thereof or from Moody’s is at least “P-2” or the equivalent thereof (any
such bank being an “Approved Foreign Bank”), and in each case with maturities of not more than 24 months from the date of acquisition and (iii) the equivalent of demand deposit accounts which are maintained with an Approved
Foreign Bank; 
 (l) investments in money market funds access to which is provided as part of “sweep” accounts maintained with an
Approved Bank; 
 (m) investments in industrial development revenue bonds that (i) “re-set” interest rates not less frequently
than quarterly, (ii) are entitled to the benefit of a remarketing arrangement with an established broker dealer and (iii) are supported by a direct pay letter of credit covering principal and accrued interest that is issued by an Approved
Bank; 
 (n) investments in pooled funds or investment accounts consisting of investments of the nature described in the foregoing clause
(m); 
 (o) Sterling bills of exchange eligible for rediscount at the Bank of England (or their dematerialized equivalent); and 

(p) investment funds investing at least 90% of their assets in securities of the types described in clauses (a) through (k) above.

 “Permitted Location” shall mean (a) any location described on Schedule 5.1(x), and (b) any other
location of which the Borrower has provided at least fifteen (15) days’ (or such shorter period as may be acceptable to the Administrative Agent) written notice to the Administrative Agent, and the Administrative Agent shall have consented
in writing before such location’s being a “Permitted Location.” 
 “Permitted Refinancing” shall mean, with
respect to any Person, any modification, refinancing, refunding, renewal or extension of any Indebtedness of such Person; provided that (a) other than with respect to a Permitted Refinancing in respect of Indebtedness permitted pursuant
to Section 7.1(a)(ii), the principal amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed or extended
except by an amount equal to unpaid accrued interest and premium thereon plus other amounts paid, and fees and expenses incurred, in connection with 

  
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such modification, refinancing, refunding, renewal or extension and by an amount equal to any existing commitments unutilized thereunder, (b) other than with respect to a Permitted
Refinancing in respect of Indebtedness permitted pursuant to Section 7.1(a)(v), Indebtedness resulting from such modification, refinancing, refunding, renewal or extension has a final maturity date equal to or later than the final
maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being modified, refinanced, refunded, renewed or extended, (c) if the Indebtedness being modified,
refinanced, refunded, renewed or extended is subordinated in right of payment to the Obligations, Indebtedness resulting from such modification, refinancing, refunding, renewal or extension is subordinated in right of payment to the Obligations on
terms at least as favorable to the Lenders as those contained in the documentation governing the Indebtedness being modified, refinanced, refunded, renewed or extended, (d) [reserved], (e) if the Indebtedness being modified,
refinanced, refunded, renewed or extended is permitted pursuant to Section 7.1(a)(ii), (i) the other terms and conditions of any such Permitted Refinancing shall be as agreed between the Borrower and the lenders providing any such
Permitted Refinancing, (ii) the primary obligor in respect of, and/or the Persons (if any) that Guarantee, the Indebtedness resulting from such modification, refinancing, refunding, renewal or extension is the primary obligor in respect of,
and/or Persons (if any) that Guaranteed the Indebtedness being modified, refinanced, refunded, renewed or extended and (iii) the principal amount (or accreted value, if applicable) of the Indebtedness being modified, refinanced, refunded,
renewed or extended does not exceed the original principal amount (or accreted value, if applicable) of such Indebtedness, except by an amount equal to unpaid accrued interest and premium thereon plus other amounts paid, and fees and expenses
incurred, in connection with such modification, refinancing, refunding, renewal or extension and by an amount equal to any existing commitments unutilized thereunder and (f) if the Indebtedness being modified, refinanced, refunded, renewed or
extended is permitted pursuant to Section 7.1(a)(vii) or (a)(viii), the Indebtedness resulting from such modification, refinancing, refunding, renewal or extension is (x) unsecured if the Indebtedness being modified,
refinanced, refunded, renewed or extended is unsecured or (y) not secured on a more favorable basis than the Indebtedness being modified, refinanced, refunded, renewed or extended if such Indebtedness being modified, refinanced, refunded,
renewed or extended is secured. For the avoidance of doubt, it is understood that a Permitted Refinancing may constitute a portion of an issuance of Indebtedness in excess of the amount of such Permitted Refinancing; provided that such excess
amount is otherwise permitted to be incurred under Section 7.1. For the avoidance of doubt, it is understood and agreed that a Permitted Refinancing includes successive Permitted Refinancings of the same Indebtedness. 

“Person” shall mean any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Permitted Term Debt” shall mean (a) the Term Loan Facility
Indebtedness issued on the Amendment No. 2 Effective Date, (b) any term loan incremental facilities permitted to be incurred in accordance with the Term Loan Facility Documentation as in effect as of the Amendment No. 2 Effective
Date, (c) any “Credit Agreement Refinancing Indebtedness” (as defined in the Term Loan Facility Credit Agreement as in effect as of the Amendment No. 2 Effective Date) permitted to be incurred in accordance with the Term Loan
Facility Documentation as in effect on the Amendment No. 2 Effective Date, and (d) any “Incremental Equivalent Debt” (as defined in the Term Loan Facility Credit Agreement as in effect as of the Amendment No. 2 Effective
Date) permitted to be incurred in accordance with the Term Loan Facility Documentation as in effect on the Amendment No. 2 Effective Date. 

  
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 “Plan” shall mean any employee pension benefit plan as such term is defined
in Section 3(2) of ERISA (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which a Credit Party or any ERISA Affiliate is an
“employer” as defined in Section 3(5) of ERISA. 
 “Platform” shall mean IntraLinks/IntraAgency, SyndTrak or
another relevant website approved by the Administrative Agent. 
 “Post-Transaction Period” shall mean, with respect to any
Specified Transaction, the period beginning on the date such Specified Transaction is consummated and ending on the last day of the eighth full consecutive fiscal quarter immediately following the date on which such Specified Transaction is
consummated. 
 “Prime Rate” shall mean the rate of interest announced by Bank of America from time to time as its prime
rate. Such rate is set by Bank of America on the basis of various factors, including its costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above
or below such rate. Any change in such rate publicly announced by Bank of America shall take effect at the opening of business on the day specified in the announcement. 

“Priority Obligation” shall mean any obligation that is secured by a Lien on any Collateral in favor of a Governmental
Authority, which Lien ranks or is capable of ranking prior to or pari passu with the Liens created thereon by the applicable Security Documents, including any such Lien securing amounts owing for wages, vacation pay, severance pay, employee
deductions, sales tax, excise tax, other Taxes, workers compensation, governmental royalties and stumpage or pension fund obligations. 

“Pro Forma Adjustment” shall mean, for any Test Period that includes all or any part of a fiscal quarter included in any
Post-Transaction Period with respect to the Acquired EBITDA of the applicable Pro Forma Entity or the Consolidated EBITDA of the Borrower, the pro forma increase or decrease in such Acquired EBITDA or such Consolidated EBITDA, as the case may be,
projected by the Borrower in good faith as a result of (a) actions taken, prior to or during such Post-Transaction Period, for the purposes of realizing reasonably identifiable and quantifiable cost savings, or (b) any additional costs
incurred prior to or during such Post-Transaction Period in connection with the combination of the operations of such Pro Forma Entity with the operations of the Borrower and its Restricted Subsidiaries; provided that (A) so long as such
actions are taken prior to or during such Post-Transaction Period or such costs are incurred prior to or during such Post-Transaction Period it may be assumed, for purposes of projecting such pro forma increase or decrease to such Acquired EBITDA or
such Consolidated EBITDA, as the case may be, that such cost savings will be realizable during the entirety of such Test Period, or such additional costs will be incurred during the entirety of such Test Period, (B) any Pro Forma Adjustment to
Consolidated EBITDA shall be certified by a Financial Officer, the chief executive officer or president of the Borrower and (C) any such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be,
shall be without duplication for cost savings or additional costs already included in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, for such Test Period. 

  
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 “Pro Forma Basis,” “Pro Forma Compliance” and “Pro
Forma Effect” shall mean, with respect to compliance with any test, financial ratio or covenant hereunder required by the terms of this Agreement to be made on a Pro Forma Basis or after giving Pro Forma Effect thereto, that (a) to the
extent applicable, the Pro Forma Adjustment shall have been made and (b) all Specified Transactions and the following transactions in connection therewith that have been made during the applicable period of measurement or subsequent to such
period and prior to or simultaneously with the event for which the calculation is made shall be deemed to have occurred as of the first day of the applicable period of measurement in such test, financial ratio or covenant: (i) income statement
items (whether positive or negative) attributable to the property or Person subject to such Specified Transaction, (A) in the case of a Disposition of all or substantially all Equity Interests in any subsidiary of the Borrower or any division,
product line, or facility used for operations of the Borrower or any of its Subsidiaries, shall be excluded and (B) in the case of a Permitted Acquisition or Investment described in the definition of “Specified Transaction,” shall be
included, (ii) any retirement of Indebtedness, and (iii) any Indebtedness incurred or assumed by the Borrower or any of its Subsidiaries in connection therewith and if such Indebtedness has a floating or formula rate, shall have an implied
rate of interest for the applicable period for purposes of this definition determined by utilizing the rate that is or would be in effect with respect to such Indebtedness as at the relevant date of determination and interest on any Indebtedness
under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period; provided that, without limiting the application of the Pro Forma
Adjustment pursuant to clause (a) above, the foregoing pro forma adjustments may be applied to any such test or covenant solely to the extent that such adjustments are consistent with the definition of Consolidated EBITDA and give effect to
operating expense reductions that are (i) (x) directly attributable to such transaction, (y) expected to have a continuing impact on the Borrower or any of its Subsidiaries and (z) factually supportable or (ii) otherwise
consistent with the definition of Pro Forma Adjustment. 
 “Pro Forma Disposal Adjustment” shall mean, for any Test Period
that includes all or a portion of a fiscal quarter included in any Post-Transaction Period with respect to any Sold Entity or Business, the pro forma increase or decrease in Consolidated EBITDA projected by the Borrower in good faith as a result of
contractual arrangements between the Borrower or any Restricted Subsidiary entered into with such Sold Entity or Business at the time of its disposal or within the Post-Transaction Period and which represent an increase or decrease in Consolidated
EBITDA which is incremental to the Disposed EBITDA of such Sold Entity or Business for the most recent Test Period prior to its disposal. 

“Pro Forma Entity” shall have the meaning given to such term in the definition of “Acquired EBITDA.” 

“Pro Forma Financial Statements” has the meaning assigned to such term in Section 5.4(c). 

“Property” shall mean any real property or personal property, plant, building, facility, structure, underground storage tank
or unit, equipment, Inventory or other asset owned, leased or operated by the Credit Parties, their Restricted Subsidiaries or any of them (including, without limitation, any surface water thereon or adjacent thereto, and soil and groundwater
thereunder). 

  
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 “Public Company Costs” shall mean, as to any Person, costs associated with,
or in anticipation of, or preparation for, compliance with the requirements of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith and costs relating to compliance with the provisions of the Securities
Act and the Exchange Act or any other comparable body of laws, rules or regulations, as companies with listed equity, directors’ compensation, fees and expense reimbursement, costs relating to investor relations, shareholder meetings and
reports to shareholders, directors’ and officers’ insurance and other executive costs, legal and other professional fees, and listing fees, in each case to the extent arising solely by virtue of the listing of such Person’s equity
securities on a national securities exchange. 
 “QFC” shall have the meaning specified in Section 10.27. 

“QFC Credit Support” shall have the meaning specified in Section 10.27. 

“Qualified Appraisal” shall mean an appraisal (a) which is or was conducted by an independent appraiser selected or
approved by the Administrative Agent and (b) which will be or was conducted in such a manner and of such a scope as is acceptable to the Administrative Agent in its Permitted Discretion. 

“Qualified ECP Guarantor” shall mean, in respect of any Hedge Obligation, each Credit Party that has total assets exceeding
$10,000,000 at the time the relevant Guaranty or grant of the relevant security interest becomes effective with respect to such Hedge Obligation or such other person as constitutes an “eligible contract participant” under the Commodity
Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange
Act. 
 “Qualified Equity Interests” means Equity Interests of the Borrower other than Disqualified Equity Interests. 

“Quarterly Borrowing Base Period” shall mean each period (a) commencing on any date that Excess Availability has been
greater than or equal to 50% of Availability for a period of five (5) consecutive Business Days and (b) ending on any date thereafter that Excess Availability has been less than 50% of Availability for a period of thirty
(30) consecutive days. 
 “Real Property” shall mean any right, title or interest in and to real property, including
any fee interest, leasehold interest, easement or license and any other right to use or occupy real property, including any right arising by contract. 

“Rescindable
 Amount” shall have the meaning provided in Section 2.8(c). 

“Recipient” shall mean, as applicable, the Administrative Agent, any Lender or the Issuing Bank. 

  
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 “Refinancing” shall mean the refinancing, repayment, redemption,
satisfaction and discharge, or defeasance of all the existing third party Indebtedness for borrowed money of the Borrower and its Restricted Subsidiaries under the Existing Credit Agreement. 

“Register” shall have the meaning specified in Section 10.5(c). 

“Regular Borrowing Base” shall mean, at any time of determination, the sum of: 

(a) (i) 90%
of Eligible Investment Grade Accounts of the Credit Parties, plus (ii) 85% of Eligible
Non-Investment Grade Accounts of the Credit Parties;
plus 
 (b) the lesser of (i) 85% of the NOLV Percentage of Eligible Inventory of the Credit Parties and (ii) 75% of
the Value of Eligible Inventory of the Credit Parties; plus 
 (c) 100% of unrestricted cash held in an Eligible Pledged Cash Account;
minus 
 (d) applicable Reserves. 

“Reimbursement Obligations” shall mean the payment obligations of the Borrower under Section 2.15(c). 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers,
employees, agents, trustees, administrators, managers, advisors, representatives and controlling persons of such Person and of such Person’s Affiliates and permitted successors and assigns of each of the foregoing. 

“Related Real Estate Documents” with respect to any piece of Real Property constituting Material Real Property subject to a
Mortgage, the following, in form and substance satisfactory to the Administrative Agent and received by the Administrative Agent for review: (a) at least 45 days prior to the effective date of the Mortgage, all information requested by the
Administrative Agent or any Lender for due diligence pursuant to Flood Insurance Laws; and (b) at least 15 days prior to the effective date of the Mortgage, (i) a mortgagee title policy (or binder therefor) covering the Administrative
Agent’s interest under the Mortgage, by an insurer acceptable to the Administrative Agent, which must be fully paid on such effective date; (ii) such assignments of leases, estoppel letters, attornment agreements, consents, waivers and
releases as the Administrative Agent may require with respect to other Persons having an interest in the Real Property; (iii) a current, as-built survey of the Real Property, containing a metes-and-bounds property description and certified by a
licensed surveyor acceptable to the Administrative Agent; (iv) a life-of-loan flood hazard determination and, if any such Real Property is located in a special flood hazard zone, flood insurance documentation and coverage as required by Flood
Insurance Laws or otherwise satisfactory to each Lender; (v) a current appraisal of the Real Property, prepared by an appraiser acceptable to the Administrative Agent, and in form and substance satisfactory to Majority Lenders; (vi) an
environmental assessment, prepared by environmental engineers acceptable to the Administrative Agent, an environmental indemnity agreement if appropriate, and such other reports, certificates, studies or data as the Administrative Agent may
reasonably require, all in form and substance satisfactory to Majority Lenders; and (vii) such other documents, instruments or agreements as the Administrative Agent may reasonably require with respect to the Real Property and Mortgage. 

  
 -62- 

 “Release” shall mean any release, spill, emission, leaking, dumping,
injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into the environment (including ambient air, surface water, groundwater, land surface or subsurface strata), including the environment within any building or any
occupied structure, facility or fixture. 
 “Relevant Governmental Body” shall have the meaning specified in
Section 11.1. 
 “Rent Reserve” shall mean a reserve established by the Administrative Agent in its Permitted
Discretion in an amount of up to three (3) months’ rent and/or royalty payments made by any Credit Party for each location at which Eligible Inventory (but for the establishment of Rent Reserves hereunder) of such Credit Party is located
and each location for which access is necessary or desirable to access Eligible Inventory, in each case, that is not subject to a Third Party Agreement (as reported to the Administrative Agent by the Borrower from time to time as requested by the
Administrative Agent), as such amount may be adjusted from time to time by the Administrative Agent in its Permitted Discretion. 

“Replacement Event” shall have the meaning specified in Section 10.16. 

“Replacement Lender” shall have the meaning specified in Section 10.16. 

“Request for Advance” shall mean any certificate signed by an Authorized Signatory of the Borrower requesting a new Advance
hereunder, which certificate shall be denominated a “Request for Advance,” and shall be in substantially the form of Exhibit F. 

“Request for Issuance of Letter of Credit” shall mean any certificate signed by an Authorized Signatory of the Borrower
requesting that the Issuing Bank issue a Letter of Credit hereunder, which certificate shall be in substantially the form of Exhibit G. 

“Requirements of Law” means, with respect to any Person, any statutes, laws, treaties, rules, regulations, orders, decrees,
writs, injunctions or determinations of any arbitrator or court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Reserves” shall mean the Bank Products Reserve, the Dilution Reserve, Inventory Reserves, Rent Reserves, and such other
reserves that the Administrative Agent may establish, from time to time in the exercise of its Permitted Discretion for such purposes as the Administrative Agent shall deem necessary or desirable, in each case without duplication of items addressed
in eligibility criteria set forth in this Agreement or of items reflected in NOLV Percentage or a Qualified Appraisal with respect thereto. Without limiting the generality of the foregoing, the following reserves shall be deemed an exercise of the
Administrative Agent’s Permitted Discretion: (a) reserves for price adjustments and damages; (b) reserves for accrued but unpaid ad valorem, excise and personal property tax liability; (c) reserves for warehousemen’s,
bailees’, shippers’ or carriers’ charges; (d) reserves for accrued, unpaid interest on the Obligations; (e) reserves for known litigation settlement costs and related expenses; (f) reserves for returns, discounts,
claims, credits and allowances of any nature that are not paid pursuant to the reductions of Accounts; (g) reserves for the sales, excise or similar taxes included in the amount of any Accounts reported to Administrative Agent and amounts due
or to become due in respect of sales, use and/or withholding taxes; (h) reserves for any rental payments, service charges or other amounts due or 

  
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to become due to lessors of personal property; (i) reserves for obsolete or slow moving Inventory taking into account historical sales patterns (as determined by the Administrative Agents in
its Permitted Discretion); (j) reserves for any existing or potential liability or any other matter that has or could reasonably be expected to have a negative impact on the value of the ABL First Lien Collateral or realization thereon or the
repayment of the Obligations; (k) the aggregate amount of liabilities secured by Liens upon ABL First Lien Collateral that are pari passu or senior in priority to the Administrative Agent’s Liens (but imposition of any such reserve shall
not waive an Event of Default arising therefrom) and (l) reserves with respect to Eligible Retainage Accounts to adjust the value that is estimated to be recoverable with respect thereto, as determined from time to time by the Administrative
Agent in its Permitted Discretion. 

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

“Responsible Officer” shall mean the chief executive officer, president, vice president, chief financial officer, treasurer
or assistant treasurer, or other similar officer, manager or a member of the Board of Directors of a Credit Party and with respect to certain limited liability companies or partnerships that do not have officers, any manager, sole member, managing
member or general partner thereof, and as to any document delivered on the Agreement Date or thereafter pursuant to paragraph (a)(i) of the definition of the term “Collateral and Guarantee Requirement,” any secretary or assistant secretary
of a Credit Party. Any document delivered hereunder that is signed by a Responsible Officer of a Credit Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such
Credit Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Credit Party. 

“Restricted Debt Financing” means (a) any Indebtedness (other than (i) Indebtedness under the Term Loan Facility
Credit Agreement (or any Permitted Refinancing thereof), (ii) any permitted intercompany Indebtedness owing to the Borrower or any Restricted Subsidiary or (iii) any Indebtedness in an aggregate principal amount not exceeding $100,000,000)
that is unsecured, secured by a Lien on the Collateral ranking junior to the Lien securing the Lien securing the Obligations or subordinated in right of payment to the Obligations, and (b) any Permitted Refinancing in respect of the foregoing.

 “Restricted Payment” shall mean any dividend or other distribution (whether in cash, securities or other property) with
respect to any Equity Interests in the Borrower or any Restricted Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
acquisition, cancellation or termination of any Equity Interests in the Borrower or any Restricted Subsidiary or any option, warrant or other right to acquire any such Equity Interests in the Borrower or any Restricted Subsidiary. 

“Restricted Subsidiary” shall mean any Subsidiary of the Borrower other than an Unrestricted Subsidiary. 

“Revolving Commitment Increase” shall have the meaning provided in Section 2.1(f). 

  
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 “Revolving Commitment Ratio” shall mean, with respect to any Lender, the
ratio, expressed as a percentage, of (a) the Revolving Loan Commitment of such Lender, divided by (b) the Revolving Loan Commitment of all Lenders, which, as of the
<Agreement>Amendment
 No. 3 Effective Date, are set forth (together with U.S. Dollar amounts thereof) on Schedule 1.1(a). 

“Revolving Credit Obligations” shall mean, with respect to any Lender at any time, the sum of the outstanding principal
amount of such Lender’s Revolving Loans and pro rata share (based on its Revolving Commitment Ratio) of the Letter of Credit Obligations and the Swing Loan Obligations and Agent Advances. 

“Revolving Facility” means the credit facility established under Section 2.1 pursuant to the Revolving Loan
Commitment of each Lender, as the same may be increased from time to time pursuant to Section 2.1(f). For the avoidance of doubt, “Revolving Facility” shall also include any credit facility established pursuant to any Revolving
Commitment Increase 
 “Revolving Loan Commitment” shall mean, as of any date of determination, the several obligations of
the Lenders to make advances to the Borrower as of such date, in accordance with their respective Revolving Commitment Ratios. As of the
<Agreement>Amendment
 No. 3 Effective Date, the Revolving Loan Commitment is $<200,000,000>250,000,000, and may be reduced or increased pursuant to the terms of
this Agreement. 
 “Revolving Loan Notes” shall mean those certain promissory notes issued by the Borrower to each
of the Lenders that requests a promissory note, in accordance with each such Lender’s Revolving Commitment Ratio of the Revolving Loan Commitment, substantially in the form of Exhibit H. 

“Revolving Loans” shall mean, collectively, the amounts (other than Agent Advances and Swing Loans) advanced from time to
time by the Lenders to the Borrower under the Revolving Loan Commitment. 
 “S&P” shall mean Standard &
Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business, and any successor to its rating agency business. 

“Sanctioned Country” shall mean, at any time, a country or territory that is, or whose government is, the subject or target
of any Sanctions. 
 “Sanctioned Person” shall mean, at any time, (a) any Person listed in any Sanctions-related list
of designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union or any EU member state, (b) any Person located, organized or resident in a Sanctioned Country or (c) any Person
controlled by any such Person or Persons described in the foregoing clauses (a) or (b). 
 “Sanctions” shall mean
economic or financial sanctions or trade embargoes administered or enforced from time to time by the U.S. government, including those administered by OFAC or the U.S. Department of State, or the United Nations Security Council, the European Union,
any European Union member state, U.K. government, Her Majesty’s Treasury or other sanctions authority. 

  
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 “Schedule” shall, except with reference to Schedule 1.1(a) to this
Agreement, mean the applicable schedule of the Disclosures Schedules delivered by the Credit Parties in connection with this Agreement and certified by the Borrower, which Disclosure Schedules are expressly incorporated herein by reference. 

“Scheduled Unavailability Date” shall have the meaning specified in Section 11.1(b). 

“SEC” means the Securities and Exchange Commission or any Governmental Authority succeeding to any of its principal
functions. 
 “Secured Parties” means the Administrative Agent, Issuing Bank, the Lenders and the Bank Products Providers.

 “Securities Act” shall mean the Securities Act of 1933, as amended, or any similar Federal law then in force. 

“Security Agreement” shall mean that certain Security Agreement dated as of the Agreement Date among the Credit Parties and
the Administrative Agent, on behalf of, and for the benefit of, the Lender Group, as amended, restated, supplemented, or otherwise modified from time to time. 

“Security Documents” shall mean, collectively, the Security Agreement, any Copyright Security Agreements, any Patent Security
Agreements, any Trademark Security Agreements, any Controlled Account Agreement, all UCC-1 financing statements and any other document, instrument or agreement granting Collateral for the Obligations, as the same may be amended, restated,
supplemented, or otherwise modified from time to time. 
 “Settlement” shall mean the transfer of cash or other property
with respect to any credit or debit card charge, check or other instrument, electronic funds transfer, or other type of paper-based or electronic payment, transfer, or charge transaction for which a Person acts as a processor, remitter, funds
recipient or funds transmitter in the ordinary course of its business. 
 “Settlement Asset” shall mean any cash,
receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person or an Affiliate of such Person. 

“Settlement Indebtedness” shall mean any payment or reimbursement obligation in respect of a Settlement Payment. 

“Settlement Lien” shall mean any Lien on any Settlement Asset relating to any Settlement or Settlement Indebtedness (and may
include, for the avoidance of doubt, the grant of a Lien in or other assignment of a Settlement Asset in consideration of a Settlement Payment, Liens securing intraday and overnight overdraft and automated clearing house exposure, and similar
Liens). 
 “Settlement Payment” shall mean the transfer, or contractual undertaking (including by automated clearing house
transaction) to effect a transfer, of cash or other property to effect a Settlement. 

  
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 “Settlement Receivable” shall mean any general intangible, payment
intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person. 

“SOFR” shall <have the meaning specified
in Section 11.1>mean the secured overnight financing rate as
administered by Federal Reserve Bank of New York (or a successor administrator). 

<”SOFR-Based Rate”
shall have the meaning specified in Section 11.1.> 

“SOFR
Adjustment” shall mean (a) with respect to Daily Simple SOFR, 0.11448%, and (b) with respect to Term SOFR, 0.11448% for a one month Interest Period, 0.26161% for a three month Interest Period and 0.42826% for a six month Interest
Period. 
 “Sold Entity or Business” shall have the meaning
assigned to such term in the definition of the term “Consolidated EBITDA.” 
 “Specified Transaction” shall mean,
with respect to any period, any Investment, sale, transfer or other disposition of assets, incurrence or repayment of Indebtedness, Restricted Payment, subsidiary designation, New Project or other event that by the terms of the Loan Documents
requires “Pro Forma Compliance” with a test or covenant hereunder or requires such test or covenant to be calculated on a Pro Forma Basis or after giving Pro Forma Effect thereto. 

“subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited
liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with
GAAP, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting
power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held (unless parent does not Control such entity), or (b) that is, as of such date, otherwise Controlled, by
the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“Subsidiary” means any subsidiary of the Borrower (unless otherwise specified). 

“Subsidiary Guarantors” shall mean each Subsidiary of the Borrower party hereto as a Guarantor and any other Subsidiary of
the Borrower that, from time to time, executes and delivers a Joinder Supplement that causes or purports to cause such Subsidiary to become a Guarantor; provided that “Subsidiary Guarantors” shall not include any Excluded
Subsidiary. 
 “Successor Borrower” has the meaning assigned to such term in Section 7.3(d). 

“Successor
 Rate” shall have the meaning specified in Section 11.1(b). 

  
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 “Supermajority Lenders” shall mean, as of any date of calculation, Lenders
the sum of whose unutilized portion of the Revolving Loan Commitment plus Loans (other than Swing Loans and Agent Advances) outstanding plus participation interests in Letter of Credit Obligations, Swing Loans and Agent Advances outstanding on such
date of calculation exceeds sixty-six and two thirds percent (66.67%) of the sum of the aggregate unutilized portion of the Revolving Loan Commitment plus Loans (other than Swing Loans and Agent Advances) outstanding plus participation
interests in Letter of Credit Obligations, Swing Loans and Agent Advances outstanding of all of the Lenders as of such date of calculation; provided that to the extent that any Lender is a Defaulting Lender, such Defaulting Lender and all of
its Revolving Loan Commitments, Loans and participation interests in Letter of Credit Obligations, Swing Loans and Agent Advances shall be excluded for purposes of determining Supermajority Lenders. 

“Supported QFC” shall have the meaning specified in Section 10.27. 

“Sustainability
 Coordinator” means BofA Securities, Inc., in its capacity as the sustainability coordinator. 

“Swing Bank” shall mean Bank of America, or any other Lender who shall agree with the Administrative Agent to act as Swing
Bank. 
 “Swing Loans” shall mean, collectively, the amounts advanced from time to time by the Swing Bank to the Borrower
under the Revolving Loan Commitment in accordance with Section 2.2(g). 
 “Swing Loan Obligations” shall mean,
at any time, the aggregate principal amount of all Swing Loans outstanding at such time. 
 “Swing Rate” shall mean the
Base Rate plus the Applicable Margin for Base Rate Loans in effect from time to time. 
 “Tax Distributions” shall have the
meaning assigned to such term in Section 7.7(a)(vii)(A). 
 “Taxes” shall mean any and all present or future
taxes, levies, imposts, duties, deductions, charges or withholdings (including backup withholding) imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Temporary Borrowing Base” shall mean (a) until the applicable measurement period ending immediately prior to
December 31, 2019 (or such later measurement period agreed by the Administrative Agent in its Permitted Discretion), the “Regular Borrowing Base” as calculated under the Existing Credit Agreement and (b) on and after the
applicable measurement period ending December 31, 2019 (or such later measurement period agreed by the Administrative Agent in its Permitted Discretion), the sum of all unrestricted cash held in an Eligible Pledged Cash Account. 

“Term Loan Facility” shall mean the senior secured term loan facility under the Term Loan Facility Credit Agreement or any
amendment supplement modification substitution replacement restatement or refinancing thereof in whole or in part from time to time including in connection with a Permitted Refinancing of the Term Loan Facility Credit Agreement. 

  
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 “Term Loan Facility Administrative Agent” shall mean Royal Bank of Canada
in its capacity as administrative agent under the Term Loan Facility Credit Agreement, or any successor administrative agent or collateral agent or other agent or trustee (or any similar term or designation) appointed under the Term Loan Facility
and any related Term Loan Facility Documentation in accordance with the provisions thereof. Any reference to the Term Loan Facility Administrative Agent hereunder shall be deemed a reference to each Term Loan Facility Administrative Agent then in
existence. 
 “Term Loan Facility Credit Agreement” shall mean that certain Term Loan Credit Agreement dated as of
December 14, 2021 by and among the Borrower, the lenders party thereto, and the Term Loan Facility Administrative Agent, as the same may be amended, supplemented, waived or otherwise modified (or refinanced or replaced) from time to time in a
manner not prohibited by the ABL/Term Intercreditor Agreement. 
 “Term Loan Facility Documentation” shall mean all
agreements and other documents evidencing or governing the Term Loan Facility, including the Term Loan Facility Credit Agreement, and any notes and letters of credit issued pursuant thereto and any guarantee and collateral agreement, patent and
trademark security agreement, mortgages, and other guarantees, pledge agreements, security agreements and collateral documents, executed and delivered pursuant to or in connection with any of the foregoing (other than, for the avoidance of doubt,
this Agreement or the ABL/Term Intercreditor Agreement), in each case as the same may be amended, supplemented, waived or otherwise modified from time to time in a manner not prohibited by the ABL/Term Intercreditor Agreement. 

“Term Loan Facility Indebtedness” shall mean all Indebtedness evidenced by, and all other obligations and liabilities owing
by the Borrower and its Subsidiaries under, the Term Loan Facility Documentation. 
 “Term Loan Priority Accounts” shall
have the meaning set forth in the ABL/Term Intercreditor Agreement. 
 “Term Loan First Lien Collateral” shall have the
meaning set forth in the ABL/Term Intercreditor Agreement. 

“Term
SOFR” shall mean (a) for any Interest Period relating to a Term SOFR Loan, a per annum rate equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to such Interest Period, with a term equivalent to such
Interest Period (or if such rate is not published prior to 11:00 a.m. on the determination date, the applicable Term SOFR Screen Rate on the U.S. Government Securities Business Day immediately preceding such date), plus the SOFR Adjustment for such
Interest Period; and (b) for any Interest Period relating to a Base Rate Loan on any day, a per annum rate equal to the Term SOFR Screen Rate with a term of one month commencing that day; provided, that in no event shall Term SOFR be less than zero. 

“Term
SOFR Advance” shall mean an Advance which the Borrower requests to be made as a Term
SOFR Advance or which is continued as or converted to a Term
SOFR Advance, in accordance with the provisions of Section 2.2. 
 “Term SOFR Replacement Date” shall have the meaning specified in Section
11.1(b). 

  
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“Term
SOFR Screen Rate” shall mean the forward-looking SOFR term rate administered by CME (or any successor administrator satisfactory to Agent)
and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by Agent from time to time) 

“Test Period” shall mean, at any date of determination, the period of four consecutive fiscal quarters of the Borrower then
last ended as of such time for which financial statements have been delivered pursuant to Sections 6.1(a) or (b); provided that for any date of determination before the delivery of the first financial statements pursuant to
Sections 6.1(a) or (b), the Test Period shall be the period of four consecutive fiscal quarters of the Borrower then last ended as of such time. 

“Third
Amendment” means that certain Amendment No. 3 to Credit Agreement dated as of Amendment No. 3 Effective Date, among Borrower, Administrative Agent and the Lenders party thereto.

 “Third Party” shall mean any (a) lessor, mortgagee or other secured party, mechanic or repairman, warehouse
operator or warehouseman, processor, packager, consignee, shipper, customs broker, freight forwarder, bailee, or other third party which may have possession of any Collateral or lienholders’ enforcement rights against any Collateral; and
(b) Licensor whose rights in or with respect to any Collateral limit or restrict or may, in the Administrative Agent’s reasonable determination, limit or restrict Borrower’s or the Administrative Agent’s rights to sell or
otherwise dispose of such Collateral. 
 “Third Party Agreement” shall mean an agreement in form and substance reasonably
satisfactory to the Administrative Agent pursuant to which a Third Party, as applicable and as may be required by the Administrative Agent, among other things: (a) waives or subordinates in favor of the Administrative Agent any Liens such Third
Party may have in and to any Collateral or any setoff, recoupment, or similar rights such Third Party may have against any Credit Party; (b) grants the Administrative Agent access to Collateral which may be located on such Third Party’s
premises or in the custody, care, or possession of such Third Party for purposes of allowing the Administrative Agent to inspect, remove or repossess, sell, store, or otherwise exercise its rights under this Agreement or any other Loan Document with
respect to such Collateral; (c) authorizes the Administrative Agent (with or without the payment of any royalty or licensing fee, as determined by the Administrative Agent) to (i) complete the manufacture of work-in-process (if the
manufacturing of such Goods requires the use or exploitation of a Third Party’s Intellectual Property) and (ii) dispose of Collateral bearing, consisting of, or constituting a manifestation of, in whole or in part, such Third Party’s
Intellectual Property; (d) agrees to hold any negotiable Documents in its possession relating to the Collateral as agent or bailee of the Administrative Agent for purposes of perfecting the Administrative Agent’s Lien in and to such
Collateral under the UCC; (e) with respect to Third Parties other than landlords, agrees to deliver the Collateral to the Administrative Agent upon request or, upon payment of applicable fees and charges to deliver such Collateral in accordance
with the Administrative Agent’s instructions; or (f) agrees to terms regarding Collateral held on consignment by such Third Party. 

“Total Net Leverage Ratio” means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated
Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period. 

  
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 “Trademark Security Agreements” shall mean, collectively, any Trademark
Security Agreement made in favor of the Administrative Agent, on behalf of the Lender Group, from time to time, as amended, restated, supplemented, or otherwise modified from time to time. 

“Transaction Costs” shall mean all fees, costs and expenses incurred or payable by the Borrower or any Subsidiary in
connection with the Transactions. 
 “Transactions” shall mean (a) the Financing Transactions, (b) the issuance
of the 2028 Notes, (c) the Refinancing and (d) the payment of the Transaction Costs. 
 “UCC” shall mean the
Uniform Commercial Code as the same may, from time to time, be enacted and in effect in the State of New York; provided that to the extent that the UCC is used to define any term herein and such term is defined differently in different
Articles or Divisions of the UCC, the definition of such term contained in Article or Division 9 shall govern; provided, further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment,
perfection or priority of, or remedies with respect to, the Administrative Agent’s Lien on any Collateral is governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other than the State of New York, the term
“UCC” and “Uniform Commercial Code” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or
remedies and for purposes of definitions related to such provisions. 
 “UK Financial Institution” shall mean any BRRD Undertaking (as defined under the PRA Rulebook (as amended from time
to time) promulgated by the United Kingdom Prudential Regulation Authority) or any Person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain
credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

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

“United States Tax Compliance Certificate” shall have the meaning assigned to such term in
Section 2.18(e)(ii)(C). 
 “Unrestricted Subsidiary” shall mean any Subsidiary designated by the Borrower as an
Unrestricted Subsidiary pursuant to Section 6.14. 
 “Unused Line Fee” shall have the meaning specified in
Section 2.4(b). 
 “Unused Line Fee Rate” shall mean a per annum rate equal to 0.20%. 

“US” or “United States” shall mean the United States of America. 

“U.S. Dollars” or “$” shall mean the lawful currency of the United States of America. 

  
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 “U.S. Dollar Equivalent” shall mean (a) as to any amount denominated
in U.S. Dollars, the amount thereof and (b) as to any amount denominated in any currency other than U.S. Dollars, the amount of U.S. Dollars into which such amount could be converted using the sell rate of exchange for such currency set forth
from time to time by the Administrative Agent (or if the Administrative Agent does not maintain an exchange rate for the applicable currency, any spot rate of exchange selected by the Administrative Agent in its reasonable discretion from time to
time) on the date which is two (2) Business Days before the applicable date of determination. 
 “U.S. Government Securities Business Day” any Business Day, except any day on which the Securities Industry and
Financial Markets Association, New York Stock Exchange or the Federal Reserve Bank of New York is not open for business because the day is a legal holiday under New York law or U.S. federal law. 
 “U.S. Person” shall mean any Person that is a “United States
person” as defined in Section 7701(a)(30) of the Code. 
 “U.S. Special Resolution Regimes” shall have the
meaning specified in Section 10.27. 
 “Utilization” shall mean, on any Determination Date, the average for the
fiscal quarter ended immediately prior to such date of the daily amounts for each day during such fiscal quarter expressed as a percentage equivalent to a fraction, (a) the numerator of which is equal to the sum of the average daily amount of
Aggregate Revolving Credit Obligations (other than with respect to any Swing Loans and Agent Advances), and (b) the denominator of which is equal to the sum of the average daily amount of the Revolving Loan Commitment in effect at such time.

 “Value” (a) for Inventory, its value determined on the basis of the lower of cost or market, calculated on a
first-in, first-out basis, and excluding any portion of cost attributable to intercompany profit among Borrower and its Affiliates; and (b) for an Account, its face amount, net of any returns, rebates,
discounts (calculated on the shortest terms), credits, allowances or Taxes (including sales, excise or other taxes) that have been or could be claimed by the Account Debtor or any other Person. 

“Voidable Transfer” shall have the meaning specified in Section 10.18. 

“Weekly Borrowing Base Period” shall mean each period (a) commencing on any date that Excess Availability has been less
than the greater of (i) 12.5% of Availability and (ii) $<12,500,000>15,625,000 for a period of five (5) consecutive Business Days and
(b) ending on any date thereafter that Excess Availability has been greater than the greater of (i) 12.5% of Availability and
(ii) 
$<12,500,000>15,625,000
 for a period of thirty (30) consecutive days. 
 “Weighted Average
Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund,
serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such
payment; by (b) the then outstanding principal amount of such Indebtedness. 
 “Wholly Owned Restricted Subsidiary”
shall mean any Restricted Subsidiary that is a Wholly Owned Subsidiary. 

  
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 “Wholly Owned Subsidiary” shall mean, with respect to any Person at any
date, a subsidiary of such Person of which securities or other ownership interests representing 100% of the Equity Interests (other than (a) directors’ qualifying shares and (b) nominal shares issued to foreign nationals to the extent
required by applicable Requirements of Law) are, as of such date, owned, controlled or held by such Person or one or more Wholly Owned Subsidiaries of such Person or by such Person and one or more Wholly Owned Subsidiaries of such Person. 

“Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Write-Down and Conversion
Powers” shall mean, (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 1.2 Uniform Commercial Code. Any term used in this Agreement or in any financing statement filed in connection herewith
which is defined in the UCC and not otherwise defined in this Agreement or in any other Loan Document shall have the meaning given to such term in the UCC, including “Account Debtor,” “As-Extracted Collateral,” “Chattel
Paper,” “Commercial Tort Claim,” “Commodities Account,” “Consignment,” “Deposit Account,” “Document,” “Electronic Chattel Paper,” “Equipment,” “Fixtures,”
“General Intangibles,” “Goods,” “Instrument,” “Investment Property,” “Letter-of-Credit Right,” “Proceeds,” “Securities Account,” and “Supporting Obligation.” 

Section 1.3 Accounting Principles. The classification, character and amount of all assets, liabilities, capital accounts and
reserves and of all items of income and expense to be determined, and any consolidation or other accounting computation to be made, and the interpretation of any definition containing any financial term, pursuant to this Agreement shall be
determined and made in accordance with GAAP consistently applied, unless such principles are inconsistent with the express requirements of this Agreement; provided that if a change in GAAP after the date of this Agreement would affect the
computation of any financial ratio or requirement in the Loan Documents, the Administrative Agent, Lenders and the <Borrowers>Borrower shall negotiate in good faith to amend such ratio or
requirement to preserve the original intent thereof in light of such change in GAAP; provided further that until so amended, such computation shall be computed in accordance with GAAP prior to such change. All accounting terms used herein
without definition shall be used as defined under GAAP. All financial calculations hereunder shall, unless otherwise stated, be determined for the Borrower on a consolidated basis with its Restricted Subsidiaries. Notwithstanding the foregoing, all
financial covenants contained herein shall be calculated without giving effect to any election under Statement of Financial Accounting 

  
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Standards 159 (or any similar accounting principle) permitting a Person to value its financial liabilities at the fair value thereof. Notwithstanding the foregoing, all financial covenants
contained herein shall be calculated without giving effect to (i) any election under Statement of Financial Accounting Standards 159 (or any similar accounting principle) permitting a Person to value its financial liabilities at the fair value
thereof or (ii) any change in accounting for leases pursuant to GAAP resulting from the implementation of Financial Accounting Standards Board ASU No. 2016-02, Leases (Topic 842), to the extent such adoption would require treating any
lease (or similar arrangement conveying the right to use) as a capital lease where such lease (or similar arrangement) would not have been required to be so treated under GAAP as in effect on December 31, 2015. 

Section 1.4 Other Interpretive Matters. The terms “herein,” “hereof,” and “hereunder” and other
words of similar import refer to this Agreement as a whole and not to any particular section, paragraph, or subdivision. Any pronoun used shall be deemed to cover all genders. 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 means “to but excluding.” The section titles, table of contents, and list of exhibits appear as a matter
of convenience only and shall not affect the interpretation of this Agreement or any Loan Document. All schedules, exhibits, annexes, and attachments referred to herein are hereby incorporated herein by this reference. All references to
(a) statutes and related regulations shall include all related rules and implementing regulations and any amendments of same and any successor statutes, rules, and regulations; (b) “including” and “include” shall mean
“including, without limitation,” regardless of whether “without limitation” is included in some instances and not in others (and, for purposes of each Loan Document, the parties agree that the rule of ejusdem generis shall not be
applicable to limit a general statement, which is followed by or referable to an enumeration of specific matters to matters similar to the matters specifically mentioned); and (c) all references to dates and times shall mean the date and time
at the Administrative Agent’s notice address determined under Section 10.1, unless otherwise specifically stated. All determinations (including calculations of any Borrowing Base and the Financial Covenant) made from time to time
under the Loan Documents shall be made in light of the circumstances existing at such time. No provision of any Loan Documents shall be construed or interpreted to the disadvantage of any party hereto by reason of such party’s having, or being
deemed to have, drafted, structured, or dictated such provision. A Default or Event of Default, if one occurs, shall “exist,” “continue” or be “continuing” until such Default or Event of Default, as applicable, has been
waived in writing in accordance with Section 10.12. All terms used herein which are defined in Article 9 of the UCC and which are not otherwise defined herein shall have the same meanings herein as set forth therein. 

Section 1.5 Currency Translations. Without limiting the other terms of this Agreement, the calculations and determinations under
this Agreement of any amount in any currency other than U.S. Dollars shall at all times be deemed to refer to the U.S. Dollar Equivalent thereof, as the case may be, and all certificates delivered under this Agreement shall, unless otherwise
consented to by the Administrative Agent, express such calculations or determinations in U.S. Dollars or the U.S. Dollar Equivalent thereof, as the case may be. 

Section 1.6 Calculation of Excess Availability. At any time when any Credit Party or any officer thereof delivers a Borrowing Base
Certificate or is required to certify the accuracy of an Availability or Excess Availability calculation for any purpose hereunder or under any other Loan Document, such Credit Party or officer shall also certify (or, with respect to the delivery of
a Borrowing Base Certificate, be deemed to certify) that the payment status of trade payables of the Borrower and its Restricted Subsidiaries is consistent, in all material respects, with historical business practices of the Borrower and its
Restricted Subsidiaries prior to the Agreement Date. 

  
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 Section 1.7 Reserves; Changes to Eligibility Criteria. The Administrative Agent
may at any time and from time to time in the exercise of its Permitted Discretion upon three Business Days’ prior written notice to the Borrower, (x) establish and increase Reserves in accordance with the terms hereof; provided that
no notice shall be required hereunder for increases in existing Reserves based on recalculations thereof so long as the methodology for the calculation thereof is not modified, or (y) establish additional criteria of ineligibility under the
definitions of “Eligible Accounts” or “Eligible Inventory”; provided that Advances that would cause an Overadvance upon imposition of such Reserve or additional criteria of ineligibility shall not be permitted and
provided further that the Administrative Agent agrees that it shall not establish any Rent Reserves for a period of 180 days after the Agreement Date (or such later date agreed to by the Administrative Agent) with respect to any location
subject to a “Third Party Agreement” (as defined in the Existing Credit Agreement”) under the Existing Credit Agreement that is effective on the Agreement Date prior to the termination of the Existing Credit Agreement. 

Section 1.8 Time References. Unless the context of this Agreement or any other Loan Document clearly requires otherwise, all
references to time of day refer to Eastern standard time, as in effect in Charlotte, North Carolina on such day. 
 Section 1.9
Divisions. For all purposes under the Loan Documents, in connection with any <division>Division or plan of <division>Division
 under Delaware law (or any comparable event under a different jurisdiction’s laws): (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 on the
first date of its existence by the holders of its Equity Interests at such time. 
 ARTICLE 2 

THE LOANS AND THE LETTERS OF CREDIT 

Section 2.1 Extension of Credit. 

(a) Revolving Loans. Subject to the terms and conditions of this Agreement, each Lender agrees severally to make Revolving Loans to the
Borrower in U.S. Dollars from time to time on any Business Day prior to the Maturity Date in an aggregate principal amount that will not result in any of the following: 

(i) the Revolving Credit Obligations of such Lender exceeding such Lender’s Revolving Commitment Ratio of the Revolving
Loan Commitment; or 
 (ii) the Aggregate Revolving Credit Obligations exceeding the lesser of (A) the Revolving Loan
Commitment, (B) the Borrowing Base (taking into account any Reserves which may have been implemented or modified since the date of the most recent Borrowing Base Certificate), and (C) the maximum amount of Indebtedness permitted to be
incurred under this Agreement pursuant to the ABL/Term Intercreditor Agreement. 

  
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 Subject to the terms and conditions hereof, prior to the Maturity Date Revolving Loans may be repaid and
reborrowed from time to time on a revolving basis. 
 (b) The Letters of Credit. Subject to the terms and conditions of this
Agreement, the Issuing Bank agrees to issue Letters of Credit, pursuant to Section 2.15, for the account of the Borrower on behalf of any Credit Party, from time to time on any Business Day prior to the date that is thirty (30) days
prior to the Maturity Date, so long as, after giving effect to such issuance (i) no Overadvance exists or would result therefrom, and (ii) the Aggregate Amount of all Letter of Credit Obligations then outstanding does not exceed the Letter
of Credit Commitment. 
 (c) The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank agrees from time
to time on any Business Day after the Agreement Date but prior to the Maturity Date to make Swing Loans to the Borrower so long as (i) no Overadvance exists or would result therefrom and (ii) the aggregate amount of Swing Loans (including
all Swing Loans outstanding as of such Business Day) does not exceed $<20,000,000>25,000,000. 

(d) Overadvances; Optional Overadvances. 

(i) If at any time an Overadvance exists, the amount of such Overadvance shall nevertheless constitute a portion of the
Obligations that are secured by the Collateral and are entitled to all benefits thereof. In the event of an Overadvance, the Borrower shall make a payment on the Obligations to be applied to the Revolving Loans, the Swing Loans, the Agent Advances
and the Letter of Credit Reserve Account, as appropriate, in an aggregate principal amount equal to such Overadvance. In no event, however, shall the Borrower have any right whatsoever to (i) receive any Revolving Loan, (ii) receive any
Swing Loan, or (iii) request the issuance of any Letter of Credit if, before or after giving effect thereto, there shall exist a Default or Event of Default. 

(ii) Notwithstanding the foregoing paragraph (i) or any other contrary provision of this Agreement, the Lenders hereby
authorize the Swing Bank to, at the direction of the Administrative Agent in the Administrative Agent’s discretion, and the Swing Bank may, at the direction of the Administrative Agent, but in the Swing Bank’s sole and absolute discretion,
knowingly and intentionally, continue to make Swing Loans to the Borrower notwithstanding that an Overadvance exists or thereby would be created, so long as after giving effect to such Swing Loans, (i) the outstanding Aggregate Revolving Credit
Obligations do not exceed the Revolving Loan Commitment, (ii) all Overadvances plus Agent Advances do not exceed the lesser of (A) an amount equal to ten percent (10%) of the Borrowing Base and (B) $<20,000,000>25,000,000
 and (iii) no Overadvance may exist for more than 60 consecutive days. The foregoing sentence is for the exclusive benefit of the Administrative Agent, the Swing Bank, and the Lenders and is
not intended to benefit the Borrower in any way. The Majority Lenders may at any time revoke the Administrative Agent’s authority to direct the Swing Bank to make Overadvances pursuant to this Section 2.1(d)(ii) and instruct the
Administrative Agent to demand repayment of 

  
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outstanding Revolving Loans from the Credit Parties to the extent necessary to cause an Overadvance to cease to exist. Any such revocation must be in writing and shall become effective
prospectively upon the Administrative Agent’s receipt thereof. Absent such revocation, the Administrative Agent’s determination that funding of a Revolving Loan is appropriate shall be conclusive. In the event the Administrative Agent
obtains actual knowledge that an Overadvance exists, regardless of the amount of, or reason for, such Overadvance, the Administrative Agent shall notify Lenders as soon as practicable (and prior to making any (or any additional) intentional
Overadvances (except for and excluding amounts charged to the Loan Account for interest, fees, or expenses owed to the Lender Group) unless the Administrative Agent determines that prior notice would result in imminent harm to the Collateral or its
value, in which case the Administrative Agent may make such Overadvances and provide notice as promptly as practicable thereafter). In such circumstances, if any Lender with a Revolving Loan Commitment objects to the proposed terms of reduction or
repayment of any Overadvance, the terms of reduction or repayment thereof shall be implemented according to the determination of the Majority Lenders. Each Lender shall be obligated to settle with the Administrative Agent or Swing Bank as provided
in Section 2.1(e) or Section 2.2(g), as applicable, for the amount of such Lender’s pro rata share of any unintentional Overadvances by the Administrative Agent reported to such Lender, any intentional Overadvances made
as permitted under this Section 2.1(d)(ii), and any Overadvances resulting from the charging to the Loan Account of interest, fees, or expenses. 

(e) Agent Advances. 

(i) Subject to the limitations set forth below and notwithstanding anything else in this Agreement to the contrary, the
Administrative Agent is authorized by the Borrower and the Lenders, from time to time in the Administrative Agent’s sole and absolute discretion, (A) at any time that a Default or an Event of Default exists, or (B) at any time that
any of the other conditions precedent set forth in Article 4 have not been satisfied, to make Advances to the Borrower on behalf of the Lenders in an aggregate amount outstanding at any time not to exceed (together with all other Aggregate
Revolving Credit Obligations) the Revolving Loan Commitment nor in an amount that would exceed (when aggregated with all Overadvances and other Agent Advances) the lesser of (1) an amount equal to ten percent (10%) of the Borrowing Base,
and
(2) 
$<20,000,000>25,000,000
, which the Administrative Agent, in its reasonable business judgment, deems necessary or desirable (x) to preserve or protect the Collateral, or any portion thereof, (y) to enhance the
likelihood of, or maximize the amount of, repayment of the Loans and other Obligations, or (z) to pay any other amount chargeable to the Borrower pursuant to the terms of this Agreement, including costs, fees and expenses as provided under this
Agreement (any of such advances are herein referred to as “Agent Advances”); provided that the Majority Lenders may at any time revoke the Administrative Agent’s authorization to make Agent Advances and instruct the
Administrative Agent to demand repayment of outstanding Agent Advances from the Credit Parties. Absent such revocation, the Administrative Agent’s determination that funding of an Agent Advance is appropriate shall be conclusive. Any such
revocation must be in writing and shall become effective prospectively upon the Administrative Agent’s receipt thereof. The Administrative Agent shall promptly provide to the Borrower written notice of any Agent Advance. 

  
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 (ii) All Agent Advances shall be secured by the Collateral and shall
constitute Obligations hereunder. Each Agent Advance shall bear interest as a Base Rate Advance. Each Agent Advance shall be subject to all terms and conditions of this Agreement and the other Loan Documents applicable to Revolving Loans, except
that all payments thereon shall be made to the Administrative Agent solely for its own account (except to the extent Lenders have funded participations therein pursuant to clause (iii) below) and the making of any Agent Advance shall not
require the consent of <any >Borrower. The Administrative Agent shall have no duty or obligation to
make any Agent Advance hereunder. 
 (iii) The Administrative Agent shall notify each Lender no less frequently than
weekly, as determined by the Administrative Agent, of the principal amount of Agent Advances outstanding by 1:00 p.m. as of such date, and each Lender’s pro rata share thereof. Each Lender shall before 3:00 p.m. on such Business Day make
available to the Administrative Agent, in immediately available funds, the amount of its pro rata share of such principal amount of Agent Advances outstanding. Upon such payment by a Lender, such Lender shall be deemed to have made a Revolving Loan
to the Borrower, notwithstanding any failure of the Borrower to satisfy the conditions in Section 4.2. The Administrative Agent shall use such funds to repay the principal amount of Agent Advances. Additionally, if at any time any Agent
Advances are outstanding and any of the events described in clauses (g) or (h) of Section 8.1 shall have occurred, then each Lender shall automatically, upon the occurrence of such event, and without any action on the part of
the Administrative Agent, the Borrower or the Lenders, be deemed to have purchased an undivided participation in the principal and interest of all Agent Advances then outstanding in an amount equal to such Lender’s Revolving Commitment Ratio
and each Lender shall, notwithstanding such Event of Default, immediately pay to the Administrative Agent in immediately available funds, the amount of such Lender’s participation (and upon receipt thereof, the Administrative Agent shall
deliver to such Lender, a loan participation certificate dated the date of receipt of such funds in such amount). The disbursement of funds in connection with the settlement of Agent Advances hereunder shall be subject to the terms and conditions of
Section 2.2(e). 
 (f) Revolving Commitment Increases. 

(i) Borrower shall have the right, but not the obligation, after the <Agreement>Amendment
No. 3 Effective Date, upon notice to the Administrative Agent (a “Commitment Increase Notice”), to request an increase in the aggregate commitments under the Initial
Revolving Facility (which may, at the election of Borrower, include a proportionate increase to Letter of Credit Commitment and, with the consent of the Swing Line Lender, include a proportionate increase to Swing Line Commitment) (each, a
“Revolving Commitment Increase”, and the loans thereunder, “Incremental Revolving Loans;” the facility in connection therewith a “Incremental Revolving Facility”) (with Administrative Agent’s
consent thereto not to be unreasonably withheld or delayed) by an aggregate amount of up to $50,000,000; provided that (A) no commitment of any Lender 

  
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may be increased without the consent of such Lender, (B) no Event of Default then exists or would result immediately after giving effect thereto, (C) the Incremental Revolving Loans
(1) shall be guaranteed by the Guarantors and shall rank pari passu in right of (x) priority with respect to the Collateral and (y) payment with respect to the Obligations in respect of the Commitments in effect prior to the
Revolving Commitment Increase and (2) shall be on terms and pursuant to the documentation applicable to the existing Commitments or otherwise acceptable to the Administrative Agent (it being understood that terms not substantially identical to
the Revolving Facility which are applicable only after the then-existing Maturity Date are acceptable), (D) to the extent any Real Property secures the Obligations, flood insurance diligence and documentation have been completed as required by
all Flood Insurance Laws or otherwise in a manner satisfactory to all Lenders and (E) the Revolving Commitment Increase shall be requested in minimum amounts of $10,000,000 or a higher multiple of $1,000,000. The proceeds of each Revolving
Commitment Increase may be used for any transaction permitted under this Agreement. Any Revolving Commitment Increase shall be denominated in U.S. Dollars. Each Commitment Increase Notice shall set forth (i) the amount of the Revolving
Commitment Increase being requested and (ii) the date on which such Revolving Commitment Increase is requested to become effective. 

(ii) The Borrower may seek a Revolving Commitment Increase from existing Lenders (each of which shall be entitled to agree or
decline to participate in its sole discretion) and additional banks, financial institutions and other institutional lenders reasonably acceptable to the Administrative Agent who will become Incremental Revolving Credit Lenders, as applicable, in
connection therewith. The Borrower, each Incremental Revolving Credit Lender and the Administrative Agent and, the Swing Line Lender and each <LC
Issuer>Issuing Bank, to the extent their
consent would be required under Section 10.12 for an assignment of Loans or Commitments, as applicable, to such Additional Lender, shall execute and deliver an Incremental Revolving Credit Assumption Agreement having terms and conditions
consistent with the terms of this Section 2.1(f). Each Incremental Revolving Credit Assumption Agreement shall specify the terms of the Incremental Revolving Loans to be made thereunder, consistent with the provisions set forth in
Section 2.1(f)(i). The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Incremental Revolving Credit Assumption Agreement. Each of the parties hereto hereby agrees that, upon the effectiveness of any
Incremental Revolving Credit Assumption Agreement, this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Revolving Commitment Increase, as applicable, or otherwise to effect the
provisions of this Section 2.1(f), notwithstanding any requirements of Section 10.12. Any such deemed amendment may be memorialized in writing by the Administrative Agent and the Borrower and furnished to the other parties
hereto. 
 (iii) Upon the effectiveness of any Revolving Commitments Increase entered into pursuant to this
Section 2.1(f), each Lender with a Revolving Commitment immediately prior to the providing of such Incremental Revolving Facility will automatically and without further act be deemed to have assigned to each Lender providing a portion of
such Incremental Revolving Facility in respect of such provision, and each such Lender will automatically and without further act be deemed to have assumed, a 

  
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portion of such Revolving Lender’s participations hereunder in outstanding Letters of Credit and Swing Loans such that, after giving effect to such deemed assignment and assumption of
participations, the percentage of the aggregate outstanding (x) participations hereunder in Letters of Credit and (y) participations hereunder in Swing Loans held by each Lender with a Revolving Commitment and each Lender with an
Incremental Revolving Facility will equal the percentage of the aggregate Revolving Commitments and aggregate commitments under the Incremental Revolving Facilities of all Lenders represented by such Lender’s Revolving Commitment and such
Lender’s commitment under the Incremental Revolving Facility, as applicable. If, on the date of the providing of such Incremental Revolving Facility, there are any Revolving Loans outstanding, such Revolving Loans shall, on or prior to the
effectiveness of such Incremental Revolving Facility, be prepaid from the proceeds of the Incremental Revolving Loans made hereunder (reflecting such commitments under the Incremental Revolving Facility), which prepayment shall be accompanied by
accrued and unpaid interest on the Revolving Loans being prepaid and any costs incurred by any Lender in accordance with Section 2.9. The Administrative Agent and the Lenders hereby agree that the minimum borrowing, pro rata borrowing
and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. 

(iv) Notwithstanding the foregoing, the effectiveness of any Revolving Commitment Increase under this
Section 2.1(f) shall be subject to the following conditions precedent: (A) satisfaction of all conditions precedent in Section 4.2, (B) such increase must be permitted by the ABL/Term Intercreditor Agreement,
(C) the Borrower shall deliver to the Administrative Agent a certificate dated as of the effective date of such Revolving Commitment Increase signed by the chief financial officer or an officer with similar responsibilities of the Borrower
certifying that the Fixed Charge Coverage Ratio calculated on a Pro Forma Basis is not less than 1.0 to 1.0, (D) the satisfaction of any other conditions as agreed between the lenders providing such Revolving Commitment Increase and the
Borrower and, (E) to the extent reasonably requested by the Administrative Agent, receipt by the Administrative Agent of legal opinions, board resolutions, officer’s certificates and/or reaffirmation agreements consistent with those
delivered on the
<Agreement>Amendment
 No. 3 Effective Date under Section 4.1 (other than changes to such legal opinions resulting from a change in law, change in fact or change to counsel’s form of opinion
utilized generally in connection with similar credit facilities). 
 (v) This Section 2.1(f) shall
supersede any provisions in Section 2.10 to the contrary. 
 Section 2.2 Manner of Borrowing and Disbursement of
Loans. 
 (a) Choice of Interest Rate, etc. 

(i) Any Advance (except Swing Loans and Agent Advances) shall, at the option of the Borrower, be made either as a Base Rate
Advance or as a
<LIBOR>Term
SOFR Advance; provided, however, that (i) if the Borrower fails to give the Administrative Agent written notice specifying whether a <LIBOR>Term
SOFR Advance is to be repaid, continued or converted on a Payment Date, such Advance shall be converted to a Base Rate 

  
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Advance on the Payment Date in accordance with Section 2.3(a)(iii), (ii) the Borrower may not select a
<LIBOR>Term
SOFR Advance (A) the proceeds of which are to reimburse the Issuing Bank pursuant to Section 2.15 or (B) if, at the time of such Advance or at the time of the continuation
of, or conversion to, a
<LIBOR>Term
 SOFR Advance pursuant to Section 2.2(c), a Default or Event of Default exists and the Majority Lenders have elected to prohibit such continuation or conversion, and (iii) all
Agent Advances shall be made as Base Rate Advances. 
 (ii) Any notice given to the Administrative Agent in connection
with a requested Advance hereunder shall be given to the Administrative Agent prior to 11:00 a.m. in order for such Business Day to count toward the minimum number of Business Days required. 

(b) Base Rate Advances. 

(i) Initial and Subsequent Advances. The Borrower shall give the Administrative Agent in the case of Base Rate Advances
irrevocable notice by telephone not later than 11:00 a.m. on the requested funding date of such Advance and shall immediately confirm any such telephone notice with a written Request for Advance; provided, however, that the failure by
the Borrower to confirm any notice by telephone with a written Request for Advance shall not invalidate any notice so given. 

(ii) Repayments and Conversions. The Borrower may (A) subject to Section 2.5, at any time without prior
notice repay a Base Rate Advance or (B) no later than 11:00 a.m. at least <two>three (<2>3) Business Days prior to the requested conversion date, deliver irrevocable prior written notice to the Administrative Agent in the form of a Notice of Conversion/Continuation, that the Borrower requests to
convert all or a portion of the principal of any Base Rate Advance to one or more <LIBOR>Term SOFR Advances. Upon the date indicated by the Borrower, such Base
Rate Advance shall be so repaid or converted. 
 (c)
<LIBOR>Term SOFR
Advances. 
 (i) Initial and Subsequent Advances. The Borrower shall give the Administrative Agent in the
case of
<LIBOR>Term
SOFR Advances irrevocable notice by telephone not later than 11:00 a.m. <two>three (<2>3) Business Days prior to the date of such Advance and shall immediately confirm any such telephone notice with a written Request for Advance; provided, however, that the failure by the Borrower to
confirm any notice by telephone with a written Request for Advance shall not invalidate any notice so given<; provided,
further, that, notwithstanding the foregoing, no such prior notice shall be required with respect to any LIBOR Advances to be made on the Agreement Date>.

 (ii) Repayments, Continuations and Conversions. No later than 11:00 a.m. at least <two>three
(<2>3
) Business Days prior to each Payment Date for a <LIBOR>Term SOFR Advance, the Borrower shall give the Administrative Agent
written notice in the form of a Notice of Conversion/Continuation specifying whether all or a portion of such Advance outstanding on such Payment Date is to be continued in whole or in part as one or more new <LIBOR>Term
SOFR Advances, and also specifying the new Interest Period applicable to each such new Advance (and subject to the provisions of this Agreement, upon such Payment Date, such Advance shall be so
continued). Upon such Payment Date, any
<LIBOR>Term
 SOFR Advance (or portion thereof) not so continued shall be converted to a Base Rate Advance or, subject to Section 2.5, be repaid. 

  
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 (iii) Miscellaneous. Notwithstanding any term or provision of this
Agreement which may be construed to the contrary, (A) each
<LIBOR>Term
SOFR Advance shall be in a principal amount of no less than $5,000,000 and in an integral multiple of $1,000,000 in excess thereof, and at no time shall the aggregate number of all <LIBOR>Term
SOFR Advances then outstanding exceed ten (10), and (B) each Base Rate Advance shall be in a principal amount of no less than $1,000,000 and in an integral multiple of $100,000 in excess
thereof. The Administrative Agent does not warrant or accept responsibility for, nor shall it have any liability
with respect to, administration, submission or any other matter related to any reference rate referred to herein or with respect to any rate (including, for the avoidance of doubt, the selection of such rate and any related spread or other
adjustment) that is an alternate, replacement or successor to such rate (including any Successor Rate), or any component thereof, or the effect of any of the foregoing, or of any Conforming Changes. The Administrative Agent may select information
source(s) in its discretion to ascertain any reference rate referred to herein or any alternative, successor or replacement rate (including any Successor Rate), or any component thereof, in each case pursuant to the terms hereof, and shall have no
liability to any Lender, Loan Party or 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 other act or omission related to or affecting the selection, determination or calculation of any rate (or component thereof) provided by such information source(s).

 (d) Notification of Lenders. Upon receipt of a (i) Request for Advance or a telephone or telecopy request for Advance,
(ii) notification from the Issuing Bank that a draw has been made under any Letter of Credit (unless the Issuing Bank will be reimbursed through the funding of a Swing Loan), or (iii) notice from the Borrower with respect to the prepayment
of any outstanding
<LIBOR>Term
SOFR Advance prior to the Payment Date for such Advance, the Administrative Agent shall endeavor to notify each Lender by telephone or telecopy of the contents thereof and the amount of each
Lender’s portion of any such Advance by 1:00 p.m. on the proposed funding date for a Base Rate Loan or by 3:00 p.m. two Business Days before a proposed funding of a
<LIBOR>Term
 SOFR Advance. Each Lender shall, not later than 3:00 p.m. on the date specified for such Advance (under clause (i) or (ii) above) in such notice (or by 11:00 a.m. on the next Business
Day if Agent’s notice is received after the times provided above), make available to the Administrative Agent at the Administrative Agent’s Office, or at such account as the Administrative Agent shall designate, the amount of such
Lender’s portion of the Advance in immediately available funds. 

  
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 (e) Disbursement. Prior to 4:00 p.m. on the date of an Advance hereunder, the
Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 4, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (i) transferring the amounts so made
available by wire transfer to the Disbursement Account or (ii) in the case of an Advance the proceeds of which are to reimburse the Issuing Bank pursuant to Section 2.15, transferring such amounts to such Issuing Bank. Unless the
Administrative Agent shall have received notice from a Lender prior to 11:00 a.m. on the date of any Advance that such Lender will not make available to the Administrative Agent such Lender’s ratable portion of such Advance, the Administrative
Agent may assume that such Lender has made or will make such portion available to the Administrative Agent on the date of such Advance and the Administrative Agent may, in its sole discretion and in reliance upon such assumption, make available to
the applicable Borrower or the Issuing Bank, as applicable, on such date a corresponding amount. If and to the extent such Lender shall not have so made such ratable portion available to the Administrative Agent by 3:00 p.m. on the date of any
Advance, such Lender agrees 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 the applicable Borrower or the Issuing Bank,
as applicable, until the date such amount is repaid to the Administrative Agent, (x) for the first two (2) Business Days, at the Federal Funds Rate for such Business Days, and (y) thereafter, at the Base Rate. If such Lender shall
repay to the Administrative Agent such corresponding amount, such amount so repaid shall constitute such Lender’s portion of the applicable Advance for purposes of this Agreement and if both such Lender and <any >Borrower shall pay and repay such corresponding amount, the Administrative Agent shall promptly relend
to the applicable Borrower such corresponding amount. If such Lender does not repay such corresponding amount immediately upon the Administrative Agent’s demand therefor, the Administrative Agent shall notify the Borrower and the Borrower shall
immediately pay such corresponding amount to the Administrative Agent. The failure of any Lender to fund its portion of any Advance shall not relieve any other Lender of its obligation, if any, hereunder to fund its respective portion of the Advance
on the date of such borrowing, but no Lender shall be responsible for any such failure of any other Lender. 
 (f) Deemed Requests
for Advance. Unless payment is otherwise timely made by the Borrower, the becoming due of any amount required to be paid under this Agreement or any of the other Loan Documents as principal, interest, reimbursement obligations in connection with
Letters of Credit, premiums, fees, reimbursable expenses or other sums payable hereunder shall be deemed irrevocably to be a Request for Advance on the due date of, and in an aggregate amount required to pay, such principal, interest, reimbursement
obligations in connection with Letters of Credit, premiums, fees, reimbursable expenses or other sums payable hereunder, and the proceeds of a Revolving Loan made pursuant thereto may be disbursed by way of direct payment of the relevant Obligation
and shall bear interest as a Base Rate Advance. No further authorization, direction or approval by the Borrower shall be required to be given by the Borrower for any deemed Request for Advance under this Section 2.2(f). The
Administrative Agent shall promptly provide to the Borrower written notice of any Advance pursuant to this Section 2.2(f). The Borrower has established with KeyBank National Association a master disbursement account into which the
Administrative Agent wires proceeds of applicable Advances from time to time (together with any substitute master disbursement account that the Borrower may establish with any other Lender so long as the Borrower has notified the Administrative
Agent that such account has been designated as the “Disbursement Account”, the “Disbursement Account”). 

  
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 (g) Special Provisions Pertaining to Swing Loans. 

(i) The Borrower shall give the Swing Bank written notice in the form of a Request for Advance, or notice by telephone no later
than 11:00 a.m. on the date on which the Borrower wishes to receive an Advance of any Swing Loan followed immediately by a written Request for Advance, with a copy to the Administrative Agent; provided, however, that the failure by the
Borrower to confirm any notice by telephone with a written Request for Advance shall not invalidate any notice so given; provided, further, however, that any request by the Borrower for a Base Rate Advance under the Revolving
Loan Commitment shall be deemed in the Swing Bank’s sole discretion to be a request for a Swing Loan unless the Borrower specifically requests otherwise. The Swing Loan shall be made on the date specified in the notice or the Request for
Advance and such notice or Request for Advance shall specify (i) the amount of the requested Swing Loan and (ii) instructions for the disbursement of the proceeds of the requested Swing Loan. Each Swing Loan shall be subject to all the
terms and conditions applicable to Revolving Loans, except that all payments thereon shall be payable to the Swing Bank solely for its own account. The Swing Bank shall not make any Swing Loans if the Swing Bank has received written notice from
Majority Lenders that one or more applicable conditions precedent set forth in Section 4.2 will not be satisfied (or waived pursuant to the last sentence of Section 4.2) on the requested Advance date. The Swing Bank shall
make the proceeds of each Swing Loan available to the Borrower by deposit of U.S. Dollars in same day funds by wire transfer to the Disbursement Account. 

(ii) The Swing Bank shall notify the Administrative Agent and each Lender no less frequently than weekly (unless the settlement
is de minimus), as determined by the Administrative Agent, of the principal amount of Swing Loans outstanding as of such date and each Lender’s pro rata share (based on its Revolving Commitment Ratio) thereof. Between settlement dates, the
Administrative Agent may in its discretion apply payments on Revolving Loans to Swing Loans, regardless of any designation by the Borrower or anything herein to the contrary. Each Lender shall before 12:00 noon on the next Business Day make
available to the Administrative Agent, in immediate available funds, the amount of its pro rata share (based on its Revolving Commitment Ratio) of such principal amount of Swing Loans outstanding. Upon such payment by a Lender, such Lender shall be
deemed to have made a Revolving Loan to the Borrower, notwithstanding any failure of the Borrower to satisfy the conditions in Section 4.2. Each Revolving Loan so made shall bear interest as a Base Rate Advance. The Administrative Agent
shall use such funds to repay the principal amount of Swing Loans to the Swing Bank. Additionally, if at any time any Swing Loans are outstanding, any of the events described in clauses (g) or (h) of Section 8.1 shall have
occurred, then each Lender shall automatically upon the occurrence of such event and without any action on the part of the Swing Bank, the Borrower, the Administrative Agent or the Lenders be deemed to have purchased an undivided participation in
the principal and interest of all Swing Loans then outstanding in an amount equal to such Lender’s Revolving Commitment Ratio of the principal and interest of all Swing Loans then outstanding and each Lender shall, notwithstanding such Event of
Default, immediately pay to the Administrative Agent for the account of the Swing Bank, in immediately available funds, the amount of such Lender’s participation (and upon receipt thereof, the Swing Bank shall deliver to such Lender a loan
participation certificate dated the date of receipt of such funds in such amount). The disbursement of funds in connection with the settlement of Swing Loans hereunder shall be subject to the terms and conditions of Section 2.2(e). 

  
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 Section 2.3 Interest. 

(a) On Loans. Interest on the Loans, subject to Sections 2.3(b) and (c), shall be payable as follows: 

(i) On Base Rate Advances. Interest on each Base Rate Advance shall be computed for the actual number of days elapsed on
the basis of a 365/366 day year and shall be payable monthly in arrears on the first day of each calendar month for the prior calendar month, commencing with the first calendar month beginning after the Agreement Date. Interest on Base Rate Advances
then outstanding shall also be due and payable on the Maturity Date (or the date of any earlier prepayment in full of the Obligations arising under this Agreement and the other Loan Documents). Interest shall accrue and be payable on each Base Rate
Advance at the simple per annum interest rate equal to the sum of (A) the Base Rate and (B) the Applicable Margin for Base Rate Advances. 

(ii) On <LIBOR>Term SOFR Advances. Interest on each <LIBOR>Term
SOFR Advance shall be computed for the actual number of days elapsed on the basis of a hypothetical year of three hundred sixty (360) days and shall be payable in arrears on (x) the
Payment Date for such Advance, and (y) if the Interest Period for such Advance is greater than three (3) months, on the last day of each three (3) month period ending prior to the Payment Date for such Advance and on the Payment Date
for such Advance. Interest on
<LIBOR>Term
 SOFR Advances then outstanding shall also be due and payable on the Maturity Date (or the date of any earlier prepayment in full of the Obligations arising under this Agreement and the other Loan
Documents). Interest shall accrue and be payable on each
<LIBOR>Term
 SOFR Advance at a rate per annum equal to the sum of (A) the <LIBOR>Term SOFR Rate applicable to such <LIBOR>Term
SOFR Advance and (B) the Applicable Margin for <LIBOR>Term SOFR Advances. 

(iii) If No Notice of Selection of Interest Rate. If the Borrower fails to give the Administrative Agent timely notice
of its selection of an Interest Rate Basis, or if for any reason a determination of a <LIBOR>Term SOFR Rate for any Advance is not timely concluded, the Base Rate
shall apply to such Advance. If the Borrower fails to elect to continue any <LIBOR>Term SOFR Advance then outstanding prior to the last Payment Date
applicable thereto in accordance with the provisions of Section 2.2, the Base Rate shall apply to such Advance commencing on and after such Payment Date. 

(iv) On Swing Loans. Interest on each Swing Loan shall be computed for the actual number of days elapsed on the basis of
a 365/366 day year and shall be payable monthly in arrears on the first day of each calendar month for the prior calendar month, commencing with the first calendar month beginning after the Agreement Date. Interest on Swing Loans then outstanding
shall also be due and payable on the Maturity Date (or the date of any earlier prepayment in full of the Obligations arising under this Agreement and the other Loan Documents). Interest shall accrue and be payable on each Swing Loan at the Swing
Rate. 

  
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 (b) Upon Default. During the existence of an Event of Default, interest on the
outstanding and overdue Obligations arising under this Agreement and the other Loan Documents may, at the Administrative Agent’s election, and shall, at the written request of the Majority Lenders, accrue at the Default Rate; provided,
however, that the Default Rate shall automatically be deemed to have been invoked at all times with respect to the overdue Obligations when the Obligations arising under this Agreement and the other Loan Documents have been accelerated or
deemed accelerated pursuant to Section 8.2. Interest accruing at the Default Rate shall be payable on demand and in any event on the Maturity Date (or the date of any earlier prepayment in full of the Obligations arising under this
Agreement and the other Loan Documents) and shall accrue until the earliest to occur of (i) waiver of the applicable Event of Default in accordance with Section 10.12, (ii) agreement by the Majority Lenders to rescind the
charging of interest at the Default Rate, or (iii) payment in full of the Obligations arising under this Agreement and the other Loan Documents. The Lenders shall not be required to (A) accelerate the maturity of the Loans,
(B) terminate the Revolving Loan Commitment, or (C) exercise any other rights or remedies under the Loan Documents in order to charge interest hereunder at the Default Rate. 

(c) Computation of Interest. 

(i) In computing interest on any Advance, the date of making the Advance shall be included and the date of payment shall be
excluded; provided, however, that if an Advance is repaid on the date that it is made, one (1) day’s interest shall be due with respect to such Advance. 

(ii) With respect to the computation of interest hereunder, subject to Section 6.20, the application of funds in
any Collections Account by the Administrative Agent to the Obligations shall be deemed made one (1) Business Day after receipt of such funds. 

Section 2.4 Fees. 

(a) Fee Letters. The Borrower agrees to pay any and all fees that are set forth in any fee letter executed in connection with this
Agreement at the times specified therein. 
 (b) Unused Line Fee. The Borrower agrees to pay to the Administrative Agent, for the
account of the Lenders in accordance with their respective Revolving Commitment Ratios, an unused line fee (“Unused Line Fee”) based upon the Borrower’s Utilization and the Unused Line Fee Rate. Such Unused Line Fee shall be
computed for the actual number of days elapsed on the basis of a 360 day year, shall be payable in arrears on the first day of each calendar month for the prior calendar month, commencing with the first calendar month ending after the Agreement
Date, and if then unpaid, on the Maturity Date (or the date of any earlier prepayment in full of the Obligations arising under this Agreement and the other Loan Documents), and shall be fully earned when due and non-refundable when paid. 

  
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 (c) Letter of Credit Fees. 

(i) The Borrower shall pay to the Administrative Agent for the account of the Lenders, in accordance with their respective
Revolving Commitment Ratios, a fee on the stated amount of each outstanding Letter of Credit for each day from the Date of Issue through the expiration date of each such Letter of Credit (whether such date is the stated expiration date of such
Letter of Credit at the time of the original issuance thereof or the stated expiration date of such Letter of Credit upon any renewal thereof) at a rate per annum on the amount of the Letter of Credit Obligations equal to the Applicable Margin in
effect from time to time with respect to
<LIBOR>Term
SOFR Advances plus, at all times when the Default Rate is in effect, 2.00%. Such Letter of Credit fee shall be computed for the actual number of days elapsed on the basis of a 360 day year, shall
be payable monthly in arrears on the first day of each month for the prior calendar month, commencing with the first calendar month beginning after the Agreement Date, and if then unpaid, on the Maturity Date (or the date of any earlier prepayment
in full of the Obligations arising under this Agreement and the other Loan Documents), and shall be fully earned when due and non-refundable when paid. 

(ii) The Borrower shall also pay to the Administrative Agent, for the account of the Issuing Bank, (A) a fee on the stated
amount of each Letter of Credit for each day from the Date of Issue through the stated expiration date of each such Letter of Credit (whether such date is the stated expiration date of such Letter of Credit at the time of the original issuance
thereof or the stated expiration date of such Letter of Credit upon any renewal thereof) at a rate of one-eighth of one percent (0.125%) per annum, which fee shall be computed for the actual number of days elapsed on the basis of a 360 day year, and
(B) any reasonable and customary fees charged by the Issuing Bank for issuance and administration of such Letters of Credit, which fees, in each case, shall be payable monthly in arrears on the first day of each calendar month for the prior
calendar month, commencing with the first calendar month beginning after the Agreement Date, and, if then unpaid, on the Maturity Date (or the date of any earlier prepayment in full of the Obligations). The foregoing fees shall be fully earned when
due, and non-refundable when paid. 
 (d) Computation of Fees; Additional Terms Relating to Fees. In computing any fees payable under
this Section 2.4, the first day of the applicable period shall be included and the date of the payment shall be excluded. All fees payable under or in connection with this Agreement and the other Loan Documents shall be deemed fully
earned when and as they become due and payable and, once paid, shall be non-refundable, in whole or in part. 
 Section 2.5
Prepayment/Cancellation of Revolving Loan Commitment. 
 (a) The principal amount of any Base Rate Advance may be repaid in full or in
part at any time, without penalty or prior notice, and the principal amount of any <LIBOR>Term SOFR Advance may be prepaid prior to the applicable Payment Date;
provided that the Borrower shall reimburse the Lenders and the Administrative Agent, on the earlier of demand or the Maturity Date, for any loss or reasonable out-of-pocket expense incurred by the Lenders or the Administrative Agent in
connection with such prepayment, as set forth in Section 2.9. Each notice of prepayment of any <LIBOR>Term SOFR Advance shall be irrevocable, and each prepayment

  
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or repayment made under this Section 2.5(a) shall include the accrued interest on the amount so prepaid or repaid. Upon receipt of any notice of repayment or prepayment, the
Administrative Agent shall promptly notify each Lender of the contents thereof by telephone or telecopy and of such Lender’s portion of the repayment or prepayment. Notwithstanding the foregoing, the Borrower shall not make any repayment or
prepayment of the Revolving Loans unless and until the balance of the Swing Loans and the Agent Advances then outstanding is zero. Except as provided in Section 2.5(b), any repayment and prepayment of Advances outstanding under the
Revolving Loan Commitment shall not reduce the Revolving Loan Commitment. Any prepayment of the Loans shall not affect the Borrower’s obligation to continue to make payments under any Hedge Agreement, which shall remain in full force and effect
notwithstanding such prepayment, subject to the terms of such Hedge Agreement. 
 (b) The Borrower shall have the right, at any time and from
time to time after the Agreement Date and prior to the Maturity Date, upon at least five (5) Business Days prior written notice to the Administrative Agent, without premium or penalty, to cancel or reduce permanently all or a portion of the
Revolving Loan Commitment on a pro rata basis among the Lenders in accordance with their respective Revolving Commitment Ratios; provided that (i) any such partial reduction shall be made in an amount not less than $15,000,000 and in
integral multiples of $1,000,000 in excess thereof, (ii) the Revolving Loan Commitment may not be reduced to an amount that is less than $50,000,000 but greater than $0, (iii) the Revolving Loan Commitment may not be reduced to an amount
below the then outstanding Letter of Credit Obligations (unless the Revolving Loan Commitment is cancelled and the Letter of Credit Obligations are cash collateralized as set forth below), and (iv) in connection with any partial reduction in
the Revolving Loan Commitment, the Letter of Credit Commitment shall be automatically reduced to an amount not to exceed 50.0% of the Revolving Loan Commitment after giving effect to such partial reduction. As of the date of cancellation or
reduction set forth in such notice, the Revolving Loan Commitment shall be permanently canceled or reduced to the amount stated in the Borrower’s notice for all purposes herein, and the Borrower shall immediately (x) pay to the
Administrative Agent for the account of the Lenders the amount necessary such that the principal amount of the Loans then outstanding (together with all outstanding Letter of Credit Obligations) does not exceed the amount of the Revolving Loan
Commitment as so reduced, together with accrued interest on the amount so prepaid and the Unused Line Fee set forth in Section 2.4(b) accrued through the date of the reduction, with respect to the amount reduced, or cancellation,
(y) reimburse the Administrative Agent and the Lenders for any loss or out-of-pocket expense incurred by any of them in connection with such payment as set forth in Section 2.9, and (z) in the case of cancellation of the
Revolving Loan Commitment, secure the Letter of Credit Obligations through the delivery of cash collateral or, in the sole and absolute discretion of the Administrative Agent, a “back-stop” letter of credit, in form and substance
satisfactory to the Administrative Agent, in an amount equal to one hundred three percent (103%) of the Letters of Credit Obligations. If the Borrower fails to provide any cash collateral as required hereunder, the Lenders may (and shall upon
direction of Agent) advance, as Revolving Loans, the amount of cash collateral required (whether or not the Revolving Loan Commitments have terminated, an Overadvance exists or the conditions in Section 4.2 are satisfied). 

  
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 Section 2.6 Repayment. 

(a) The Revolving Loans. All unpaid principal and accrued interest on the Revolving Loans shall be due and payable in full in cash on
the Maturity Date. Notwithstanding the foregoing, however, in the event that at any time and for any reason there shall exist an Overadvance, the Borrower shall immediately pay to the Administrative Agent an amount equal to the Overadvance, which
payment shall constitute a mandatory payment of the Revolving Loans, Agent Advances, Swing Loans and Letter of Credit Reserve Account, as appropriate. 

(b) The Other Obligations. In addition to the foregoing, the Borrower hereby promises to pay all Obligations (other than Obligations in
respect of Bank Products), including, without limitation, the principal amount of the Loans, amounts drawn under Letters of Credit and accrued and unpaid interest and all fees on the foregoing, as the same become due and payable hereunder and, in
any event, on the Maturity Date. In addition to the foregoing, the Borrower hereby promises to pay all Obligations in respect of Bank Products as the same become due and payable under the applicable Bank Products Documents. 

Section 2.7 Notes; Loan Accounts. 

(a) The Loans shall be repayable in accordance with the terms and provisions set forth herein and, upon request by any Lender, the Loans owed
to such Lender shall be evidenced by a Revolving Loan Note. A Revolving Loan Note shall be payable to the order of each Lender requesting such a Note in accordance with the Revolving Commitment Ratio of such Lender. Each such Note shall be issued by
the Borrower to the applicable Lender and shall be duly executed and delivered by an Authorized Signatory of the Borrower. 
 (b) The
Administrative Agent shall open and maintain on its books in the name of the Borrower a loan account with respect to the Loans and interest thereon (the “Loan Account”). The Administrative Agent shall debit such Loan Account for the
principal amount of each Advance made by it on behalf of the Lenders, accrued interest thereon, and all other amounts which shall become due from the Borrower pursuant to this Agreement and shall credit the Loan Account for each payment which the
Borrower shall make in respect to the Obligations. The records of the Administrative Agent with respect to such Loan Account shall be conclusive evidence of the Loans and accrued interest thereon, absent manifest error. 

Section 2.8 Manner of Payment; When Payments Due. 

(a) Each payment (including any prepayment) by the Borrower on account of the principal of or interest on the Loans, fees, and any other amount
owed to any member of the Lender Group under this Agreement or the other Loan Documents shall be made not later than 12:00 noon on the date specified for payment under this Agreement or any other Loan Document to the Administrative Agent at the
Administrative Agent’s Office, or at such account as the Administrative Agent shall designate, for the account of the Lenders, the Issuing Bank or the Administrative Agent, as the case may be, in U.S. Dollars without setoff, deduction, or
counterclaim in immediately available funds. Any payment received by the Administrative Agent after 12:00 noon shall be deemed received on the next Business Day. In the case of a payment for the account of a Lender, the Administrative Agent will
promptly thereafter distribute the amount so received in like funds to such Lender. In the case of a payment for the account of the Issuing Bank, the Administrative Agent will promptly thereafter distribute the amount so received in like funds to
the Issuing Bank. If the Administrative Agent shall not have received any payment from the Borrower as and when due, the Administrative Agent will promptly notify the Lenders accordingly. 

  
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 (b) Except as provided in the definition of Interest Period, if any payment under this
Agreement or any other Loan Document shall be specified to be made on a day which is not a Business Day, it shall be made on the next succeeding day which is a Business Day, and such extension of time shall in such case be included in computing
interest and fees, if any, in connection with such payment<.> 

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

Section 2.9 Reimbursement. Whenever any member of the Lender Group shall sustain or incur any losses (including losses of
anticipated profits) or out-of-pocket expenses in connection with (a) failure by <any >Borrower to
borrow or continue any
<LIBOR>Term
 SOFR Advance, or convert any Advance to a <LIBOR>Term SOFR Advance after having given notice of its intention to do so in
accordance with Section 2.2 (whether by reason of the election of <such >Borrower
not to proceed or the non-fulfillment of any of the conditions set forth in this Agreement), or (b) prepayment of any <LIBOR>Term SOFR Advance in whole or in part for any reason or (c) failure
by <any >Borrower to prepay any <LIBOR>Term
SOFR Advance after giving notice of its intention to prepay such Advance, the Borrower agrees to pay to such Lender, promptly upon such Lender’s demand therefor, an amount sufficient to
compensate such Lender for all such losses and out-of-pocket expenses. Such Lender’s good faith determination of the amount of such losses and out-of-pocket expenses, absent manifest error, shall be binding and conclusive. Losses subject to
reimbursement hereunder shall include, without limitation, expenses incurred by any Lender Group member or any participant of such Lender Group member permitted hereunder in connection with the re-deployment of funds prepaid, repaid, not borrowed,
or paid, as the case may 

  
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be, and any lost profit of such Lender Group member or any participant of such Lender Group member over the remainder of the Interest Period for such prepaid Advance. For purposes of calculating
amounts payable to a Lender Group member under this paragraph, each applicable Lender Group member shall be deemed to have actually funded its relevant
<LIBOR>Term
SOFR Advance through the purchase of a deposit bearing interest at the <LIBOR>Term SOFR Rate in an amount equal to the amount of such Advance and
having a maturity and repricing characteristics comparable to the relevant Interest Period; provided, however, that each applicable Lender Group member may fund each of its <LIBOR>Term
SOFR Advances in any manner it sees fit, and the foregoing assumption shall be utilized only for the calculation of amounts payable under this Section. 

Section 2.10 Pro Rata Treatment. 

(a) Advances. Each Advance from the Lenders under the Revolving Loan Commitment made on or after the Agreement Date shall be made pro
rata on the basis of the respective Revolving Commitment Ratios of such Lenders. 
 (b) Payments. Each payment and prepayment of the
principal of the Revolving Loans, and each payment of interest on the Revolving Loans received from the Borrower, shall be made by the Administrative Agent to the Lenders pro rata on the basis of their respective unpaid principal amounts outstanding
under the Revolving Loans immediately prior to such payment or prepayment (except in cases when a Lender’s right to receive payments is restricted pursuant to Section 2.17). 

(c) Sharing of Set-offs. If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect
of any principal of or interest on any of its Loans or other Revolving Credit Obligations that would result in such Lender receiving payment of a greater proportion of the aggregate amount of its Revolving Credit Obligations and accrued interest and
fees thereon than the proportion received by any other Lender with respect to its Revolving Credit Obligations, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Revolving Credit
Obligations of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Revolving Credit
Obligations; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such
recovery, without interest, and (ii) the provisions of this subsection shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of
funds arising from the existence of a Defaulting Lender) or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Revolving Credit Obligations to any assignee or participant, other than to <any >Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this subsection shall
apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under Applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of
set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

  
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 Section 2.11 Application of Payments. 

(a) Prior to the occurrence and continuance of an Event of Default, all amounts received by the Administrative Agent from the Borrower (other
than payments specifically earmarked for application to certain principal, interest, fees or expenses hereunder or to the payment of Bank Product Obligations as and when the same are due, which shall in each case be applied as earmarked), shall be
distributed by the Administrative Agent in the following order of priority: 
 FIRST, to the payment of out-of-pocket costs and expenses
(including, without limitation, reasonable attorneys’ fees) of the Administrative Agent, and to the payment of principal on any Agent Advances; 

SECOND, to the payment of any fees owed to the Administrative Agent, the Issuing Bank or the Swing Bank hereunder or under any other Loan
Document; 
 THIRD, to the payment of all obligations consisting of accrued fees and interest payable to the Lenders hereunder; 

FOURTH, to the payment of principal then due and payable on the Swing Loans; 

FIFTH, to the payment of principal then due and payable on the Revolving Loans; 

SIXTH, to the payment of any Bank Product Obligations then due and payable; provided, however, that no proceeds realized from any
Guaranty or Collateral of a Credit Party who is not a Qualified ECP Guarantor shall be applied to the payment of Hedge Obligations that constitute Obligations; 

SEVENTH, to the payment of all other Obligations not otherwise referred to in this Section 2.11(a) then due and payable; and 

EIGHTH, upon satisfaction in full of all Obligations, to the applicable Credit Party or such other Person who may be lawfully entitled thereto.

 (b) Payments Subsequent to Event of Default. Notwithstanding anything in this Agreement or any other Loan Documents which may be
construed to the contrary, subsequent to the occurrence and during the continuance of an Event of Default, payments and prepayments with respect to the Obligations made to the Lender Group, or any of them, or otherwise received by any member of the
Lender Group (from realization on Collateral or otherwise) shall be distributed in the following order of priority (subject, as applicable, to Section 2.10): 

FIRST, to the payment of out-of-pocket costs and expenses (including without limitation indemnification and reasonable attorneys’ fees) of
the Administrative Agent with respect to enforcing the rights of the Lenders under the Loan Documents or that are otherwise required to be paid under the Loan Documents in connection therewith, and to the payment of principal and interest on any
Agent Advances (including, without limitation, any costs incurred in connection with the sale or disposition of any Collateral); 

  
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 SECOND, to the payment of any fees owed to the Administrative Agent, the Issuing Bank or the
Swing Bank hereunder or under any other Loan Document; 
 THIRD, to the payment of out-of-pocket costs and expenses (including without
limitation indemnification and reasonable attorneys’ fees) of the Lenders with respect to enforcing their rights under the Loan Documents or that are otherwise required to be paid under the Loan Documents in connection therewith; 

FOURTH, to the payment of all obligations consisting of accrued fees and interest payable to the Lenders hereunder; 

FIFTH, to the payment of the principal of the Swing Loans then outstanding; 

SIXTH, pro rata, to (i) the payment of principal on the Revolving Loans then outstanding, (ii) the Letter of Credit Reserve Account
to the extent of one hundred three percent (103%) of any Letter of Credit Obligations then outstanding and (iii) Obligations consisting of Bank Products (in an aggregate amount with respect to this clause (ii) not to exceed the most
recently established Bank Products Reserve); provided, however, that no proceeds realized from any Guaranty or Collateral of a Credit Party who is not a Qualified ECP Guarantor shall be applied to the payment of Hedge Obligations that
constitute Obligations; 
 SEVENTH, to the payment of any other Bank Products Obligations; provided, however, that no proceeds
realized from any Guaranty or Collateral of a Credit Party who is not a Qualified ECP Guarantor shall be applied to the payment of Hedge Obligations that constitute Obligations; 

EIGHTH, to any other Obligations not otherwise referred to in this Section 2.11(b); and 

NINTH, upon satisfaction in full of all Obligations, to the applicable Credit Party or such other Person who may be lawfully entitled thereto.

 Section 2.12 Use of Proceeds. The proceeds of the Loans shall be used by the Borrower as follows: 

(a) The proceeds of the Advances made on the Agreement Date shall be used (i) to refinance certain Indebtedness existing on the Agreement
Date and (ii) to fund transaction fees, costs, and expenses associated with this Agreement and the 2028 Notes. 
 (b) The proceeds of
Advances made after the Agreement Date shall be used for the working capital needs of the Borrower, for general corporate purposes of the Borrower (including financing Permitted Acquisitions), and for such other purposes to the extent not
inconsistent with the provisions of this Agreement. 
 Section 2.13 All Obligations to Constitute One Obligation. All
Obligations shall constitute one general obligation of the Credit Parties and shall be secured by the Administrative Agent’s security interest (on behalf of, and for the benefit of, the Lender Group) and Lien upon all of the Collateral, and by
all other security interests and Liens heretofore, now or at any time hereafter granted by any Credit Party to the Administrative Agent or any other member of the Lender Group, to the extent provided in the Security Documents under which such Liens
arise. 

  
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 Section 2.14 Maximum Rate of Interest. The Borrower and the Lender Group hereby
agree and stipulate that the only charges imposed upon the Borrower for the use of money in connection with this Agreement are and shall be the specific interest and fees described in this Article 2 and in any other Loan Document.
Notwithstanding the foregoing, the Borrower and the Lender Group further agree and stipulate that all closing fees, agency fees, syndication fees, facility fees, underwriting fees, default charges, late charges, funding or “breakage”
charges, increased cost charges, attorneys’ fees and reimbursement for costs and expenses paid by any member of the Lender Group to third parties or for damages incurred by the Lender Group, or any of them, are charges to compensate the Lender
Group for underwriting and administrative services and costs or losses performed or incurred, and to be performed and incurred, by the Lender Group in connection with this Agreement and the other Loan Documents and shall under no circumstances be
deemed to be charges for the use of money pursuant to any Applicable Law. In no event shall the amount of interest and other charges for the use of money payable under this Agreement exceed the maximum amounts permissible under any law that a court
of competent jurisdiction shall, in a final determination, deem applicable. The Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and other charges for the use of
money and manner of payment stated within it; provided, however, that anything contained herein to the contrary notwithstanding, if the amount of such interest and other charges for the use of money or manner of payment exceeds the
maximum amount allowable under Applicable Law, then, ipso facto as of the Agreement Date, the Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from the Borrower in excess of such
legal maximum, whenever received, shall be applied to reduce the principal balance of the Revolving Loans to the extent of such excess. 

Section 2.15 Letters of Credit. 

(a) Subject to the terms and conditions of this Agreement, the Issuing Bank, on behalf of the Lenders, and in reliance on the agreements of the
Lenders set forth in Section 2.15(c) below, hereby agrees to issue one or more Letters of Credit up to an aggregate face amount equal to the Letter of Credit Commitment; provided, however, that, except as described in the
last sentence of Section 4.2, the Issuing Bank shall not issue any Letter of Credit unless the conditions precedent to the issuance thereof set forth in Section 4.2 have been satisfied. Each Letter of Credit shall (i) be
denominated in Dollars, and (ii) expire no later than the earlier to occur of (A) the date ten (10) days prior to the Maturity Date, and (B) three hundred sixty (360) days after its date of issuance (but may contain
provisions for automatic renewal so long as no Default or Event of Default exists on the renewal date or would be caused by such renewal; provided that no such renewal shall extend beyond the date ten (10) days prior to the Maturity
Date). With respect to each Letter of Credit, (i) the rules of the International Standby Practices, ICC Publication No. 590, or any subsequent revision or restatement thereof adopted by the ICC and in use by the Issuing Bank, shall apply
to each standby Letter of Credit and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance shall apply to each commercial Letter
of Credit, and, to the extent not inconsistent therewith, the laws of the State of New York. The Issuing Bank shall not at any time be obligated to issue, or cause to be issued, any Letter of Credit if such issuance would conflict with, or cause the
Issuing Bank to exceed any limits imposed by, any Applicable Law. 

  
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 (b) The Borrower may from time to time request that the Issuing Bank issue a Letter of
Credit to support obligations incurred in the ordinary course of business, or as otherwise approved by Agent. The Borrower shall execute and deliver to the Administrative Agent and the Issuing Bank a Request for Issuance of Letter of Credit for each
Letter of Credit to be issued by the Issuing Bank, not later than 12:00 noon on the third (3rd) Business Day preceding the date on which the requested Letter of Credit is to be issued, or such shorter notice as may be acceptable to the Issuing
Bank and the Administrative Agent. Upon receipt of any such Request for Issuance of Letter of Credit, subject to satisfaction of all conditions precedent thereto as set forth in Section 4.2 or waiver of such conditions pursuant to the
last sentence of Section 4.2, the Issuing Bank shall process such Request for Issuance of Letter of Credit and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its
customary procedures and shall promptly issue the Letter of Credit requested thereby; provided, however, that prior to receipt by Issuing Bank of a written notice from Agent or Majority Lenders, Issuing Bank shall not be deemed to have
knowledge that a condition precedent under Section 4.2 has not been met and shall issue the requested Letter of Credit. The Issuing Bank shall furnish a copy of such Letter of Credit to the Borrower and the Administrative Agent following
the issuance thereof. In addition to the fees payable pursuant to Section 2.4(c)(ii), the Borrower shall pay or reimburse the Issuing Bank for normal and customary costs and expenses incurred by the Issuing Bank in issuing, effecting
payment under, amending or otherwise administering the Letters of Credit. Increase, renewal or extension of a Letter of Credit shall be treated as an issuance of a new Letter of Credit, except that Issuing Bank may require a new application in its
discretion. 
 (c) Immediately upon the issuance by the Issuing Bank of a Letter of Credit and in accordance with the terms and conditions of
this Agreement, the Issuing Bank shall be deemed to have sold and transferred to each Lender, and each Lender shall be deemed irrevocably and unconditionally to have purchased and received from the Issuing Bank, without recourse or warranty, an
undivided interest and participation, to the extent of such Lender’s Revolving Commitment Ratio, in such Letter of Credit and the obligations of the Borrower with respect thereto (including, without limitation, all Letter of Credit Obligations
with respect thereto). The Issuing Bank shall promptly notify the Administrative Agent of any draw under a Letter of Credit. At such time as the Administrative Agent shall be notified by the Issuing Bank that the beneficiary under any Letter of
Credit has drawn on the same, the Administrative Agent shall promptly notify the Borrower, by telephone or telecopy, of the amount of the draw and, in the case of each Lender, such Lender’s portion of such draw amount as calculated in
accordance with its Revolving Commitment Ratio. 
 (d) The Borrower hereby agrees to immediately reimburse the Issuing Bank for amounts paid
by the Issuing Bank in respect of draws under each Letter of Credit. In order to facilitate such repayment, the Borrower hereby irrevocably requests the Lenders, and the Lenders hereby severally agree, on the terms and conditions of this Agreement
(other than as provided in Article 2 with respect to the amounts of, the timing of requests for, and the repayment of Advances hereunder and in Article 4 with respect to conditions precedent to Advances hereunder), with respect to any
drawing under a Letter of Credit, to make a Base Rate Advance on each day on which a draw is made under any Letter of Credit and in the amount necessary to pay all amounts 

  
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due Issuing Bank, and to pay the proceeds of such Advance directly to the Issuing Bank to reimburse the Issuing Bank for the amount paid by it upon such draw. Each Lender shall pay its share of
such Base Rate Advance by paying its portion of such Advance to the Administrative Agent in accordance with Section 2.2(e) and its Revolving Commitment Ratio, without reduction for any set-off or counterclaim of any nature whatsoever and
regardless of whether any Default or Event of Default exists or would be caused thereby. The disbursement of funds in connection with a draw under a Letter of Credit pursuant to this Section 2.15 shall be subject to the terms and
conditions of Section 2.2(e). The obligation of each Lender to make payments to the Administrative Agent, for the account of the Issuing Bank, in accordance with this Section 2.15 shall be absolute and unconditional and no
Lender shall be relieved of its obligations to make such payments by reason of noncompliance by any other Person with the terms of the Letter of Credit or for any other reason (other than the gross negligence or willful misconduct of the Issuing
Bank in paying such Letter of Credit, as determined by a final non-appealable judgment of a court of competent jurisdiction). The Administrative Agent shall promptly remit to the Issuing Bank the amounts so received from the other Lenders. Any
overdue amounts payable by the Lenders to the Issuing Bank in respect of a draw under any Letter of Credit shall bear interest, payable on demand, at the Base Rate. 

(e) The Borrower agrees that each Advance by the Lenders to reimburse the Issuing Bank for draws under any Letter of Credit, shall, for all
purposes hereunder, unless and until converted into a
<LIBOR>Term
SOFR Advance pursuant to Section 2.2(b)(ii), be deemed to be a Base Rate Advance. 

(f) The Borrower agrees that any action taken or omitted to be taken by the Issuing Bank in connection with any Letter of Credit, except for
such actions or omissions as shall constitute gross negligence, bad faith or willful misconduct on the part of such Issuing Bank as determined by a final non-appealable judgment of a court of competent jurisdiction, shall be binding on the Borrower
as between the Borrower and the Issuing Bank, and shall not result in any liability of the Issuing Bank to the Borrower. The obligation of the Borrower to reimburse the Issuing Bank for a drawing under any Letter of Credit or the Lenders for
Advances made by them to the Issuing Bank on account of draws made under the Letters of Credit shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances
whatsoever, including, without limitation, the following circumstances: 
 (i) Any lack of validity or enforceability of any
Loan Document; 
 (ii) Any amendment or waiver of or consent to any departure from any or all of the Loan Documents; 

(iii) Any improper use which may be made of any Letter of Credit or any improper acts or omissions of any beneficiary or
transferee of any Letter of Credit in connection therewith; 
 (iv) The existence of any claim, set-off, defense or any right
which <any >Borrower may have at any time against any beneficiary or any transferee of any Letter of
Credit (or Persons for whom any such beneficiary or any such transferee may be acting), any Lender or any other Person, whether in connection with any Letter of Credit, any transaction contemplated by any Letter of Credit, this Agreement, or any
other Loan Document, or any unrelated transaction; 

  
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 (v) Any statement or any other documents presented under any Letter of
Credit proving to be insufficient, forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect whatsoever; 

(vi) The insolvency of any Person issuing any documents in connection with any Letter of Credit; 

(vii) Any breach of any agreement between
<any >Borrower and any beneficiary or transferee of any Letter of Credit; 

(viii) Any irregularity in the transaction with respect to which any Letter of Credit is issued, including any fraud by the
beneficiary or any transferee of such Letter of Credit; 
 (ix) Any errors, omissions, interruptions or delays in
transmission or delivery of any messages, by mail, cable, telegraph, wireless or otherwise, whether or not they are in code; 

(x) Any act, error, neglect or default, omission, insolvency or failure of business of any of the correspondents of the Issuing
Bank; 
 (xi) Any other circumstances arising from causes beyond the control of the Issuing Bank, including any act or
omission of any Governmental Authority; 
 (xii) Payment by the Issuing Bank under any Letter of Credit against presentation
of a sight draft or a certificate which does not comply with the terms of such Letter of Credit; provided that such payment shall not have constituted gross negligence or willful misconduct of the Issuing Bank as determined by a final
non-appealable judgment of a court of competent jurisdiction; and 
 (xiii) Any other circumstance or happening whatsoever,
whether or not similar to any of the foregoing. 
 Borrower shall take all action to avoid and mitigate any damages relating to any Letter of Credit or
claimed against Issuing Bank, the Administrative Agent or any Lender, including through enforcement of any available rights against a beneficiary. Issuing Bank shall be fully subrogated to the rights and remedies of any beneficiary whose claims
against Borrower are discharged with proceeds of a Letter of Credit. The rights and remedies of Issuing Bank under the Loan Documents shall be cumulative. 

(g) The Borrower will indemnify and hold harmless each Indemnitee from and against any and all claims, liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (including reasonable attorneys’ fees) which may be imposed on, incurred by or asserted against such Indemnitee in any

  
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way relating to or arising out of the issuance of a Letter of Credit, except that the Borrower shall not be liable to an Indemnitee for any portion of such claims, liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the gross negligence, bad faith or willful misconduct of such Indemnitee as determined by a final non-appealable judgment of a court of competent
jurisdiction. This Section 2.15(g) shall survive termination of this Agreement. 
 (h) Each Lender shall be responsible (to the
extent the Issuing Bank is not reimbursed by the Borrower) for its pro rata share (based on such Lender’s Revolving Commitment Ratio) of any and all reasonable out-of-pocket costs, expenses (including reasonable attorneys’ fees) and
disbursements which may be incurred or made by the Issuing Bank in connection with the collection of any amounts due under, the administration of, or the presentation or enforcement of any rights conferred by any Letter of Credit, <any >Borrower’s or any Guarantor’s obligations to reimburse draws thereunder or otherwise.

 (i) In connection with its administration of and enforcement of rights or remedies under any Letters of Credit or other related
documents, Issuing Bank shall be entitled to act, and shall be fully protected in acting, upon any certification, documentation or communication in whatever form believed by Issuing Bank, in good faith, to be genuine and correct and to have been
signed, sent or made by a proper Person. Issuing Bank may use legal counsel, accountants and other experts to advise it concerning its obligations, rights and remedies, and shall be entitled to act upon, and shall be fully protected in any action
taken in good faith reliance upon, any advice given by such experts. Issuing Bank may employ agents and attorneys-in-fact in connection with any matter relating to Letters of Credit or related documents, and shall not be liable for the negligence or
misconduct of agents and attorneys-in-fact selected with reasonable care. 
 (j) Issuing Bank may resign at any time upon notice to the
Administrative Agent and Borrower, and any resignation of the Administrative Agent hereunder shall automatically constitute its concurrent resignation as Issuing Bank. From the effective date of its resignation, Issuing Bank shall have no obligation
to issue, amend, renew, extend or otherwise modify any Letter of Credit, but shall otherwise have all rights and obligations of an Issuing Bank hereunder relating to any Letter of Credit issued by it prior to such date. A replacement Issuing Bank
may be appointed by written agreement among the Administrative Agent, Borrower and the new Issuing Bank. 
 Section 2.16 Bank
Products. Any Credit Party may request and the Administrative Agent or any Lender may, in its sole and absolute discretion, arrange for such Credit Party to obtain from the Administrative Agent, any Lender or any Affiliate of the Administrative
Agent or any Lender, as applicable, Bank Products although no Credit Party is required to do so. If any Bank Products are provided by an Affiliate of the Administrative Agent or any Affiliate of any Lender, the Credit Parties agree to indemnify and
hold the Lender Group, or any of them, harmless from any and all costs and obligations now or hereafter incurred by the Lender Group, or any of them, which arise from any indemnity given by the Administrative Agent to any of its Affiliates, or any
Lender to any of its Affiliates, as applicable, related to such Bank Products; provided, however, nothing contained herein is intended to limit the Credit Parties’ rights, with respect to the Administrative Agent, any Lender or
any Affiliates of the Administrative Agent or any Lender, as applicable, if any, which arise as a result of the execution of Bank Products Documents. The agreement 

  
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contained in this Section shall survive termination of this Agreement. The Credit Parties acknowledge and agree that the obtaining of Bank Products from the Administrative Agent, any Lender or
any Affiliate of the Administrative Agent or any Lender (a) is in the sole and absolute discretion of the Administrative Agent, such Lender or such Affiliates, as applicable, and (b) is subject to all rules and regulations of the
Administrative Agent, such Lender or such Affiliates, as applicable. 
 Section 2.17 Defaulting Lenders. 

(a) Cash Collateral. 

(i) At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the
Administrative Agent or the Issuing Bank (with a copy to the Administrative Agent) the Borrower shall Cash Collateralize the Letter of Credit Obligations with respect to such Defaulting Lender (determined after giving effect to
Section 2.17(b)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than one hundred three percent (103%) of the Letter of Credit Obligations with respect to such Defaulting Lender. 

(ii) The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to the
Administrative Agent, for the benefit of the Issuing Bank, and agrees to maintain, a first priority security interest in all such Cash Collateral as security for the Defaulting Lenders’ obligation to fund participations in respect of Letters of
Credit, to be applied pursuant to clause (iii) below. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent and the Issuing Bank as herein
provided, or that the total amount of such Cash Collateral is less than the minimum amount required pursuant to clause (i) above, the Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent
additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting Lender). 

(iii) Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under this
Section 2.17(a) or Section 2.17(b) in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations in respect of Letters of Credit or Letter of Credit
Disbursements (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for
herein. 
 (iv) Cash Collateral (or the appropriate portion thereof) provided in respect of any Letter of Credit Obligations
shall no longer be required to be held as Cash Collateral pursuant to this Section 2.17(a) following (A) the elimination of the applicable Letter of Credit Obligations (including by the termination of Defaulting Lender status of the
applicable Lender), or (B) the determination by the Administrative Agent and the Issuing Bank that there exists excess Cash Collateral; provided that, subject to Sections 2.17(b) through (d) the Person providing Cash
Collateral and each Issuing Bank may agree 

  
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that Cash Collateral shall be held to support future anticipated Letter of Credit Obligations or other obligations; provided, further, that to the extent that such Cash Collateral
was provided by the Borrower, such Cash Collateral shall remain subject to the security interest granted pursuant to the Loan Documents. 

(b) Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a
Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by Applicable Law: 

(i) Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this
Agreement shall be restricted as set forth in the definition of Majority Lenders and in Section 10.12. 
 (ii)
Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article 8 or otherwise) or received by the
Administrative Agent from a Defaulting Lender pursuant to Section 10.4 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting
Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Bank or Swing Bank hereunder; third, to Cash Collateralize the Letter of Credit Obligations with
respect to such Defaulting Lender in accordance with Section 2.17(a); fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has
failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to
(x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize future Letter of Credit Obligations with respect to such Defaulting Lender with respect to
future Letters of Credit issued under this Agreement, in accordance with Section 2.17(a); sixth, to the payment of any amounts owing to the Lenders, the Issuing Bank or Swing Bank as a result of any judgment of a court of competent
jurisdiction obtained by any Lender, the Issuing Bank or Swing Bank against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default
exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its
obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or Letter of
Credit Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in
Section 4.2 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and Letter of Credit Disbursements owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans
of, or Letter of Credit Disbursements owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in 

  
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Letter of Credit Obligations and Swing Loans are held by the Lenders pro rata in accordance with the Revolving Loan Commitments without giving effect to sub-section (iv) below. Any payments,
prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.17(b)(ii) shall be deemed paid to and
redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 
 (iii) (A) No Defaulting Lender shall be
entitled to receive any Unused Line Fee pursuant to Section 2.4(b) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have
been paid to that Defaulting Lender). 
 (A) HIDDEN TEXT 

(B) Each Defaulting Lender shall be entitled to receive letter of credit fees pursuant to Section 2.4(c) for any
period during which that Lender is a Defaulting Lender only to the extent allocable to that portion of its Letter of Credit Obligations for which it has provided Cash Collateral pursuant to Section 2.17(a). 

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

(iv) All or any part of such Defaulting Lender’s participation in Letters of Credit and Swing Loans shall be reallocated
among the Non-Defaulting Lenders in accordance with their respective Revolving Commitment Ratio (calculated without regard to such Defaulting Lender’s Revolving Loan Commitment) but only to the extent that such reallocation does not cause the
aggregate Revolving Credit Obligations of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Loan Commitment. Subject to Section 10.25, no reallocation hereunder shall constitute a waiver or release of any
claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such
reallocation. 
 (v) If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the
Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swing Loans in an amount equal to the Swing Loan Obligations with respect to such Defaulting Lender and (y) second, Cash
Collateralize the Letter of Credit Obligations with respect to such Defaulting Lender in accordance with the procedures set forth in Section 2.17(a). 

  
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 (c) Defaulting Lender Cure. If the Borrower, the Administrative Agent, Swing Bank and
Issuing Bank agree in writing (such agreement not to be unreasonably withheld or delayed) that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in
such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or
take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swing Loans to be held pro rata by the Lenders in accordance with the Revolving
Commitment Ratios (without giving effect to Section 2.17(b)(iv), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by
or on behalf of the Borrower while that Lender was a Defaulting Lender; provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will
constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 
 (d)
New Swing Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, the Issuing Bank will not be required to issue, amend or increase any Letter of Credit, and the Swing Bank will not be required to make any Swing Loans, unless
they are satisfied that 100% of the related Letter of Credit Obligations and Swing Loan Obligations is fully covered or eliminated by Cash Collateral and reallocation as set forth in this Section 2.17. 

Section 2.18 Taxes. 

(a) Any and all payments by or on account of any obligation of any Credit Party under any Loan Document shall be made free and clear of and
without deduction for any Taxes, except as required by applicable Requirements of Law. If the applicable withholding agent shall be required by applicable Requirements of Law (as determined in the good faith discretion of the applicable withholding
agent) to deduct any Taxes from such payments, then the applicable withholding agent shall make such deductions and shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable Requirements of Law,
and if such Taxes are Indemnified Taxes, then the amount payable by the applicable Credit Party shall be increased as necessary so that after all such required deductions have been made (including such deductions applicable to additional amounts
payable under this Section 2.18), each Lender or Other Recipient (or, in the case of a payment made to the Administrative Agent for its own account, the Administrative Agent) receives an amount equal to the sum it would have received had
no such deductions been made. 
 (b) Without limiting the provisions of paragraph (a) above, the Borrower shall timely pay any Other
Taxes to the relevant Governmental Authority in accordance with Requirements of Law or, at the option of the Administrative Agent, timely reimburse it for the payment of any Other Taxes. 

  
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 (c) The Borrower shall indemnify the Administrative Agent, each Lender, or Other Recipient
within 30 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent or such Lender as the case may be, on or with respect to any payment by or on account of any obligation of any
Credit Party under any Loan Document and any Other Taxes paid by the Administrative Agent or such Lender, as the case may be (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this
Section 2.18) and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate
setting forth in reasonable detail the basis and calculation of the amount of such payment or liability delivered to the Borrower by a Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent
manifest error. 
 (d) As soon as practicable after any payment of any Taxes by a Credit Party to a Governmental Authority, the Borrower
shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent. 
 (e) Each Lender shall, at such times as are reasonably requested by Borrower or the
Administrative Agent, provide Borrower and the Administrative Agent with any properly completed and executed documentation prescribed by any Requirement of Law, or reasonably requested by Borrower or the Administrative Agent, certifying as to any
entitlement of such Lender to an exemption from, or reduction in, any withholding Tax with respect to any payments to be made to such Lender under the Loan Documents. Each such Lender shall, whenever a lapse in time or change in circumstances
renders any such documentation expired, obsolete or inaccurate in any respect (including any specific documentation required below in this Section 2.18(e)), deliver promptly to the Borrower and the Administrative Agent updated or other
appropriate documentation (including any new documentation reasonably requested by the applicable withholding agent) or promptly notify the Borrower and the Administrative Agent in writing of its legal ineligibility to do so. Notwithstanding
anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in sections 2.18(e)(i) through (e)(iii)) shall not be required if in the Lender’s
reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender or its Affiliates. Unless the
applicable withholding agent has received forms or other documents satisfactory to it indicating that payments under any Loan Document to or for a Lender are not subject to withholding tax or are subject to Tax at a rate reduced by an applicable tax
treaty, the Borrower, the Administrative Agent or other applicable withholding agent shall withhold amounts required to be withheld by applicable law from such payments at the applicable statutory rate. 

Without limiting the generality of the foregoing: 

(i) Each Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or before the date on which
it becomes a party to this Agreement two properly completed and duly signed copies of Internal Revenue Service Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal backup withholding. 

  
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 (ii) Each Lender that is not a U.S. Person shall deliver to the Borrower and
the Administrative Agent on or before the date on which it becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent) whichever of the following is applicable: 

(A) two properly completed and duly signed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or any
successor forms) claiming eligibility for benefits of an income tax treaty to which the United States of America is a party, 

(B) two properly completed and duly signed copies of Internal Revenue Service Form W-8ECI (or any successor forms), 

(C) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of
the Code, (x) two properly completed and duly signed certificates, substantially in the form of Exhibit K (any such certificate a “United States Tax Compliance Certificate”), and (y) two properly completed and duly
signed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or any successor forms), 
 (D) to the
extent a Foreign Lender is not the beneficial owner (for example, where the Lender is a partnership or a participating Lender), two properly completed and duly signed copies of Internal Revenue Service Form W-8IMY (or any successor forms) of the
Foreign Lender, accompanied by a Form W-8ECI, W-8BEN or W-8BEN-E, United States Tax Compliance Certificate, Form W-9, Form W-8IMY (or other successor forms) or any other required information from each beneficial owner that would be required under
this Section 2.18 if such beneficial owner were a Lender, as applicable (provided that, if the Lender is a partnership (and not a participating Lender) and one or more direct or indirect partners are claiming the portfolio
interest exemption, the United States Tax Compliance Certificate may be provided by such Lender on behalf of such direct or indirect partner(s)), or 

(E) two properly completed and duly signed copies of any other form prescribed by applicable Requirements of Law as a basis for
claiming exemption from or a reduction in U.S. federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable Requirements of Law to permit the Borrower and the Administrative Agent to
determine the withholding or deduction required to be made. 

  
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 (iii) If a payment made to any Lender under any Loan Document would be
subject to U.S. federal withholding tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender
shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including
as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their
obligations under FATCA, to determine whether such Lender has or has not complied with such Lender’s obligations under FATCA and, if necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause
(iii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. Notwithstanding any other provision of this clause (e), a Lender shall not be required to deliver any form that such Lender is not legally eligible
to deliver. 
 (f) If the Borrower determines in good faith that a reasonable basis exists for contesting any Taxes for which indemnification
has been demanded hereunder, the Administrative Agent or the relevant Lender, as applicable, shall use commercially reasonable efforts to cooperate with the Borrower in a reasonable challenge of such Taxes if so requested by the Borrower,
provided that (a) the Administrative Agent or such Lender determines in its reasonable discretion that it would not be subject to any unreimbursed third party cost or expense or otherwise be prejudiced by cooperating in such challenge,
(b) the Borrower pays all related expenses of the Administrative Agent or such Lender, as applicable and (c) the Borrower indemnifies the Administrative Agent or such Lender, as applicable, for any liabilities or other costs incurred by
such party in connection with such challenge. If the Administrative Agent or a Lender receives a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid
additional amounts pursuant to this Section 2.18, it shall pay over such refund to the Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.18 with
respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of the Administrative Agent or such Lender and without interest (other than any interest paid by the relevant
Governmental Authority with respect to such refund); provided that the Borrower, upon the request of the Administrative Agent or such Lender, agrees promptly to repay the amount paid over to the Borrower (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. The Administrative Agent or such
Lender, as the case may be, shall, at the Borrower’s request, provide the Borrower with a copy of any notice of assessment or other evidence of the requirement to repay such refund received from the relevant taxing authority (provided
that the Administrative Agent or such Lender may delete any information therein that the Administrative Agent or such Lender deems confidential). Notwithstanding anything to the contrary in this Section 2.18(f), in no event will the
indemnified party be required to pay any amount to the indemnifying party pursuant to this Section 2.18(f) the payment of which would place the indemnified party in a less favorable after-Tax position than the indemnified party would
have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld and 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 the Administrative Agent or any Lender to make available its Tax returns (or any other information relating to Taxes which it deems confidential) to any Credit Party or any other person. 

  
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 (g) The agreements in this Section 2.18 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 this Agreement and the payment of the Loans and all other amounts payable hereunder. 

(h) For purposes of this Section 2.18, the term “applicable Requirements of Law” includes FATCA. 

Section 
2.19 Sustainability Adjustments. 

(a)
 After the Amendment No. 3 Effective Date, the Borrower, in
consultation with the Sustainability Coordinator, shall be entitled to establish specified Key Performance Indicators (“KPI’s”) with respect to certain Environmental, Social and Governance (“ESG”) targets of the Borrower and
its Subsidiaries. The Sustainability Coordinator and the Borrower may amend this Agreement (such amendment, the “ESG Amendment”) solely for the purpose of incorporating the KPI’s and other related provisions (the “ESG Pricing
Provisions”) into this Agreement, and any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior to
such time, Lenders comprising the Majority Lenders have delivered to the Administrative Agent (who shall promptly notify the Borrower) written notice that such Majority Lenders object to such ESG Amendment. In the
event that Majority Lenders deliver a written notice objecting to any such ESG Amendment, an alternative ESG Amendment may be effectuated with the consent of the Majority Lenders, the Borrower and the Sustainability Coordinator. Upon effectiveness
of any such ESG Amendment, based on the Borrower’s performance against the KPI’s, certain adjustments (increase, decrease or no adjustment) to the otherwise applicable Unused Line Fee Rate, Applicable Margin for Base Rate Advances, and
Applicable Margin for Term SOFR Rate Advances will be made; provided that the amount of such adjustments shall not exceed (x) a 0.05% increase and/or a 0.05% decrease in the otherwise applicable Applicable Margin for Base Rate Advances and
Applicable Margin for Term SOFR Rate Advances, and the adjustments to the Applicable Margin for Base Rate Advances shall be the same amount, in basis points, as the adjustments to the Applicable Margin for Term SOFR Rate Advances,
provided that in no event shall the Applicable Margin for Base Rate Advances or the Applicable Margin for Term SOFR Rate Advance be less than zero or
(y) a 0.01% increase and/or a 0.01% decrease in the Unused Line Fee Rate. The pricing adjustments pursuant to the KPI’s will require, among other things, reporting and validation of the measurement of the KPI’s in a manner that is
aligned with the Sustainability Linked Loan Principles1 and is to be agreed between the Borrower and the Sustainability Coordinator (each acting reasonably). Following the effectiveness of the ESG
Amendment, any modification to the ESG Pricing Provisions which does not have the effect of reducing the Unused Line Fee Rate, Applicable Margin for Base Rate Advances, and Applicable Margin for Term SOFR Rate Advance to a level not otherwise
permitted by this paragraph shall be subject only to the consent of the Majority Lenders.  

(b) The
Sustainability Coordinator will (i) assist the Borrower in determining the ESG Pricing Provisions in connection with the ESG Amendment and (ii) assist the Borrower in preparing informational materials focused on ESG to be used in
connection with the ESG Amendment.  
  

 

	1 	 The Sustainability Linked Loan
Principles were published in May 2020 by the Loan Market Association, Asia Pacific Loan Market Association and Loan Syndications & Trading
Association. 

  
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(c)
 This Section shall supersede any provisions in Section 10.12 to
the contrary. 
 ARTICLE 3 

GUARANTY 

Section 3.1 Guaranty. 

(a) Each Guarantor hereby, jointly and severally, guarantees to the Administrative Agent, for the benefit of the Lender Group, the full and
prompt payment of the Obligations, including, without limitation, any interest therein (including, without limitation, interest as provided in this Agreement, accruing after the filing of a petition initiating any insolvency proceedings, whether or
not such interest accrues or is recoverable against <any >Borrower after the filing of such petition
for purposes of the Bankruptcy Code or is an allowed claim in such proceeding), plus reasonable attorneys’ fees and expenses if the obligations represented by this Guaranty are collected by law, through an attorney-at-law, or under advice
therefrom. 
 (b) Regardless of whether any proposed guarantor or any other Person shall become in any other way responsible to the
Lender Group, or any of them, for or in respect of the Obligations or any part thereof, and regardless of whether or not any Person now or hereafter responsible to the Lender Group, or any of them, for the Obligations or any part thereof, whether
under this Guaranty or otherwise, shall cease to be so liable, each Guarantor hereby declares and agrees that this Guaranty shall be a joint and several obligation, shall be a continuing guaranty and shall be operative and binding until the
Obligations shall have been indefeasibly paid in full in cash (or in the case of Letter of Credit Obligations, secured through delivery of cash collateral in an amount equal to one hundred and three percent (103%) of the Letter of Credit
Obligations) and the Commitments shall have been terminated. 
 (c) Each Guarantor absolutely, unconditionally and irrevocably waives any and
all right to assert any defense (other than the defense of payment in cash in full, to the extent of its obligations hereunder, or a defense that such Guarantor’s liability is limited as provided in Section 3.1(g)), set-off,
counterclaim or cross-claim of any nature whatsoever with respect to this Guaranty or the obligations of the Guarantors under this Guaranty or the obligations of any other Person or party (including, without limitation, the Borrower) relating to
this Guaranty or the obligations of any of the Guarantors under this Guaranty or otherwise with respect to the Obligations in any action or proceeding brought by the Administrative Agent or any other member of the Lender Group to collect the
Obligations or any portion thereof, or to enforce the obligations of any of the Guarantors under this Guaranty. 
 (d) The Lender Group, or
any of them, may from time to time, without exonerating or releasing any Guarantor in any way under this Guaranty, (i) take such further or other security or securities for the Obligations or any part thereof as they may deem proper, or
(ii) release, discharge, abandon or otherwise deal with or fail to deal with any Guarantor of the 

  
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Obligations or any security or securities therefor or any part thereof now or hereafter held by the Lender Group, or any of them, or (iii) amend, modify, increase, extend, accelerate or
waive in any manner any of the provisions, terms, or conditions of the Loan Documents, all as they may consider expedient or appropriate in their sole and absolute discretion. Without limiting the generality of the foregoing, or of
Section 3.1(e), it is understood that the Lender Group, or any of them, may, without exonerating or releasing any Guarantor, give up, modify or abstain from perfecting or taking advantage of any security for the Obligations and accept or
make any compositions or arrangements, and realize upon any security for the Obligations when, and in such manner, and with or without notice, all as such Person may deem expedient. 

(e) Each Guarantor acknowledges and agrees that no change in the nature or terms of the Obligations or any of the Loan Documents, or other
agreements, instruments or contracts evidencing, related to or attendant with the Obligations (including any novation), shall discharge all or any part of the liabilities and obligations of such Guarantor pursuant to this Guaranty; it being the
purpose and intent of the Guarantors and the Lender Group that the covenants, agreements and all liabilities and obligations of each Guarantor hereunder are absolute, unconditional and irrevocable under any and all circumstances. Without limiting
the generality of the foregoing, each Guarantor agrees that until the performance of and payment in full in cash of the Obligations (without possibility of recourse, whether by operation of law or otherwise) and the termination of the Commitments,
such Guarantor’s undertakings hereunder shall not be released, in whole or in part, by any action or thing which might, but for this paragraph of this Guaranty, be deemed a legal or equitable discharge of a surety or guarantor, or by reason of
any waiver, omission of the Lender Group, or any of them, or their failure to proceed promptly or otherwise, or by reason of any action taken or omitted by the Lender Group, or any of them, whether or not such action or failure to act varies or
increases the risk of, or affects the rights or remedies of, such Guarantor or by reason of any further dealings between the Borrower, on the one hand, and any member of the Lender Group, on the other hand, or any other guarantor or surety, and such
Guarantor hereby expressly waives and surrenders any defense to its liability hereunder, or any right of counterclaim or offset of any nature or description which it may have or may exist based upon, and shall be deemed to have consented to, any of
the foregoing acts, omissions, things, agreements or waivers. 
 (f) The Lender Group, or any of them, may, without demand or notice of any
kind upon or to any Guarantor, at any time or from time to time when any amount shall be due and payable hereunder by any Guarantor, if the Borrower shall not have timely paid any of the Obligations (or in the case of Letter of Credit Obligations,
secured through delivery of cash collateral in an amount equal to one hundred and three percent (103%) of the Letter of Credit Obligations), set-off and appropriate and apply to any portion of the Obligations hereby guaranteed, and in such
order of application as the Administrative Agent may from time to time elect in accordance with this Agreement, any deposits, property, balances, credit accounts or moneys of any Guarantor in the possession of any member of the Lender Group or under
their respective control for any purpose. If and to the extent that any Guarantor makes any payment to the Administrative Agent or any other Person pursuant to or in respect of this Guaranty, any claim which such Guarantor may have against <any >Borrower by reason thereof shall be subject and subordinate to the prior payment in full in cash of the
Obligations to the satisfaction of the Lender Group and the termination of the Commitments. 

  
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 (g) The creation or existence from time to time of Obligations in excess of the amount
committed to or outstanding on the date of this Guaranty is hereby authorized, without notice to any Guarantor, and shall in no way impair or affect this Guaranty or the rights of the Lender Group herein. It is the intention of each Guarantor and
the Administrative Agent that each Guarantor’s obligations hereunder shall be, but not in excess of, the Maximum Guaranteed Amount (as herein defined). The “Maximum Guaranteed Amount” with respect to any Guarantor, shall mean
the maximum amount which could be paid by such Guarantor without rendering this Guaranty void or voidable as would otherwise be held or determined by a court of competent jurisdiction in any action or proceeding involving any state or Federal
bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws relating to the insolvency of debtors. 
 (h)
Upon the bankruptcy or winding up or other distribution of assets of <any >Borrower, or of any surety
or guarantor (other than the applicable Guarantor) for any Obligations of <any >Borrower to the
Lender Group, or any of them, the rights of the Administrative Agent against any Guarantor shall not be affected or impaired by the omission of any member of the Lender Group to prove its claim, or to prove the full claim, as appropriate, against
<such >Borrower, or any such other guarantor or surety, and the Administrative Agent may prove
such claims as it sees fit and may refrain from proving any claim and in its discretion may value as it sees fit or refrain from valuing any security held by it without in any way releasing, reducing or otherwise affecting the liability to the
Lender Group of each of the Guarantors. 
 (i) Each Guarantor hereby absolutely, unconditionally and irrevocably expressly waives,
except to the extent such waiver would be expressly prohibited by Applicable Law, the following: (A) notice of acceptance of this Guaranty, (B) notice of the existence or creation of all or any of the Obligations, (C) presentment,
demand, notice of dishonor, protest and all other notices whatsoever (other than notices expressly required hereunder or under any other Loan Document to which any Guarantor is a party), (D) all diligence in collection or protection of or
realization upon the Obligations or any part thereof, any obligation hereunder, or any security for any of the foregoing, (E) all rights to enforce any remedy which the Lender Group, or any of them, may have against <any >Borrower, (F) until the Obligations shall have been paid in full in cash (or in the case of a
Letter of Credit Obligations, secured through delivery of cash collateral in an amount equal to one hundred and three percent (103%) of the Letter of Credit Obligations), and all Commitments have been terminated, all rights of subrogation,
indemnification, contribution and reimbursement from <any >Borrower for amounts paid hereunder
and any benefit of, or right to participate in, any collateral or security now or hereinafter held by the Lender Group, or any of them, in respect of the Obligations, and (G) any and all rights under any Applicable Law governing guaranties or
sureties. If a claim is ever made upon any member of the Lender Group for the repayment or recovery of any amount or amounts received by such Person in payment of any of the Obligations and such Person repays all or part of such amount by reason of
(1) any judgment, decree or order of any court or administrative body having jurisdiction over such Person or any of its property, or (2) any settlement or compromise of any such claim effected by such Person with any such claimant,
including <any >Borrower, then in such event each Guarantor agrees that any such judgment,
decree, order, settlement or compromise shall be binding upon such Guarantor, notwithstanding any revocation hereof or the cancellation of any promissory note or other instrument evidencing any of the Obligations, and such Guarantor shall be and
remain obligated to such Person hereunder for the amount so repaid or recovered to the same extent as if such amount had never originally been received by such Person. 

  
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 (j) This Guaranty is a continuing guaranty of the Obligations and all liabilities to which
it applies or may apply under the terms hereof and shall be conclusively presumed to have been created in reliance hereon. No failure or delay by any member of the Lender Group in the exercise of any right, power, privilege or remedy shall operate
as a waiver thereof, and no single or partial exercise by the Administrative Agent of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy and no course of dealing between any Guarantor
and any member of the Lender Group shall operate as a waiver thereof. No action by any member of the Lender Group permitted hereunder shall in any way impair or affect this Guaranty. For the purpose of this Guaranty, the Obligations shall include,
without limitation, all Obligations of the Borrower to the Lender Group, notwithstanding any right or power of any third party, individually or in the name of <any
>Borrower and the Lender Group, or any of them, to assert any claim or defense as to the invalidity or unenforceability of any such Obligation, and no such claim or defense shall impair or
affect the obligations of any Guarantor hereunder. 
 (k) This is a guaranty of payment and not of collection. In the event the
Administrative Agent makes a demand upon any Guarantor in accordance with the terms of this Guaranty, such Guarantor shall be held and bound to the Administrative Agent directly as debtor in respect of the payment of the amounts hereby guaranteed.
All costs and expenses, including, without limitation, reasonable attorneys’ fees and expenses, incurred by the Administrative Agent in obtaining performance of or collecting payments due under this Guaranty shall be deemed part of the
Obligations guaranteed hereby. 
 (l) Each Subsidiary Guarantor is a direct or indirect Domestic Subsidiary of the Borrower. Each Guarantor
expressly represents and acknowledges that any financial accommodations by the Lender Group to the Borrower, including, without limitation, the extension of credit, are and will be of direct interest, benefit and advantage to such Guarantor. 

(m) Each Guarantor shall be entitled to subrogation and contribution rights from and against the Borrower to the extent any Guarantor is
required to pay to any member of the Lender Group any amount in excess of the Loans advanced directly to, or other Obligations incurred directly by, such Guarantor or as otherwise available under Applicable Law; provided, however, that
such subrogation and contribution rights are and shall be subject to the terms and conditions of this Section 3.1 and until the Obligations shall have been paid in full in cash (or in the case of the Letter of Credit Obligations, all of
the Letter of Credit Obligations have been cash collateralized), each Guarantor hereby absolutely, unconditionally and irrevocably expressly subordinates to the prior payment of the Obligations, except to the extent such subordination would be
expressly prohibited by Applicable Law, all rights of subrogation, indemnification, contribution and reimbursement from <any >Borrower for amounts paid hereunder and any benefit of, or right to participate in, any collateral or security now or hereinafter held by the Lender Group, or any of them, in respect to the Obligations. The
payment obligation of a Guarantor to any other Guarantor under any Applicable Law regarding contribution rights among co-obligors or otherwise shall be subordinate and subject in right of payment to the prior payment in full of the obligations of
such Guarantor under the other provisions of this Guaranty, and such Guarantor shall not exercise any right or remedy with respect to such rights until payment and satisfaction in full of all such obligations. 

  
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 Section 3.2 Additional Waivers. 

(a) Without limiting the waivers in the foregoing paragraph, each Guarantor hereby further waives: 

(i) any defense arising by reason of or deriving from (A) an election of remedies by the Administrative Agent and the
other Lender Group members or (B) any election by the Administrative Agent and the Lender Group members under Section 1111(b) of the Bankruptcy Code to limit the amount of, or any collateral securing, its claim against such Guarantor, any
other Credit Party or any other guarantor of the Obligations; 
 (ii) all rights and defenses arising out of an election of
remedies by the creditor, even though that election of remedies, such as a nonjudicial foreclosure with respect to security for a guaranteed obligation, may have destroyed such Guarantor’s rights of subrogation and reimbursement against any
other Credit Party or guarantor of the Obligations; 
 (iii) the benefits of any similar in any jurisdiction purporting to
allow a guarantor to revoke a continuing guaranty with respect to any transactions occurring after the date of the guaranty; and 

(iv) such Guarantor’s right, if any, to require the Administrative Agent and the other Lender Group members to institute
suit against, or to exhaust any rights and remedies which the Administrative Agent and the other Lender Group members have or may have against any other Credit Party or guarantor of the Obligations or any third party, or against any collateral
provided by any other guarantor of the Obligations, or any third party; and such Guarantor further waives any defense arising by reason of any disability or other defense (other than the defense that the Obligations shall have been fully and finally
performed and indefeasibly paid) of any other Credit Party or guarantor of the Obligations or by reason of the cessation from any cause whatsoever of the liability of such other Credit Parties or guarantors in respect thereof. 

Section 3.3 Special Provisions Applicable to New Guarantors. Pursuant to Section 6.12 of this Agreement, any new
Domestic Restricted Subsidiary of the Borrower may be required to enter into this Agreement as a Guarantor by executing and delivering to the Administrative Agent a Joinder Supplement. Upon the execution and delivery of a Joinder Supplement by such
new Domestic Restricted Subsidiary, such new Domestic Restricted Subsidiary shall become a Guarantor and Credit Party hereunder with the same force and effect as if originally named as a Guarantor or Credit Party herein. The execution and delivery
of any Joinder Supplement (or any joinder to any other applicable Loan Document) adding an additional Guarantor as a party to this Agreement (or any other applicable Loan Document) shall not require the consent of any other party hereto. The rights
and obligations of each party hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor hereunder. 

  
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 ARTICLE 4 

CONDITIONS PRECEDENT 

Section 4.1 Conditions Precedent to Initial Advance. The obligations of the Lenders on the Agreement Date to undertake the Commitments and to make the
initial Advances hereunder, and the obligation of the Issuing Bank to issue any initial Letter of Credit hereunder, are subject to the prior fulfillment of each of the following conditions: 

(a) The Administrative Agent shall have received each of the following, in form and substance reasonably satisfactory to the Lender Group: 

(i) This Agreement duly executed by the Borrower, the Guarantors, the Lenders, and the Administrative Agent; 

(ii) Any Revolving Loan Notes requested by any Lender duly executed by the Borrower; 

(iii) The joinder to ABL/Term Intercreditor Agreement duly executed by the Administrative Agent; 

(iv) The Security Agreement duly executed by each Credit Party; 

(v) A Perfection Certificate with respect to the Credit Parties duly executed by such Credit Party; 

(vi) A Borrowing Base Certificate duly executed by the Borrower; 

(vii) The legal opinions of Calfee, Halter & Griswold LLP, counsel to the Credit Parties, and Winston Strawn, counsel
to the Credit Parties, in each case addressed to the Lender Group, which opinions shall cover the transactions contemplated hereby and in the other Loan Documents and include, among other things, opinions as to corporate or limited liability company
power and authority; due authorization; good standing or existence; no conflicts with organizational documents, laws, material agreements (including, without limitation, the Term Loan Facility Credit Agreement with respect to the Term Loan
Facility), and order and decrees; no liens triggered by execution and delivery of the Loan Documents; necessary consents; execution and delivery; enforceability; margin regulations; investment company act; and attachment and perfection of security
interests; 
 (viii) The duly executed Request for issuance of Letters of Credit for the Letters of Credit to be issued on
the
<Closing>Amendment
 Date; 
 (ix) A loan certificate signed by an Authorized
Signatory of each Credit Party, including a certificate of incumbency with respect to each Authorized Signatory of such Person, together with appropriate attachments which shall include, without limitation, the following: (A) a copy of the
certificate of incorporation or formation, articles of organization, or similar organizational document of such Person certified to be true, 

  
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complete and correct by the Secretary of State of the State of such Person’s incorporation or formation, (B) a true, complete and correct copy of the bylaws, operating agreement,
partnership agreement, limited liability company agreement, or similar organizational document of such Person, (C) a true, complete and correct copy of the resolutions (including, without limitation, board resolutions and shareholder
resolutions, as applicable) of such Person authorizing the execution, delivery and performance by such Person of the Loan Documents and the Bank Products Documents and, with respect to the Borrower, authorizing the borrowings hereunder, and
(D) certificates of good standing, existence, or similar appellation from each jurisdiction in which such Person is organized and, to the extent failure to be so qualified in any other jurisdiction could reasonably be expected to have a
Material Adverse Effect, foreign qualifications in those jurisdictions in which such Person is required to be qualified to do business; 

(x) A certificate executed by the chief financial officer of the Borrower regarding the solvency and financial condition of the
Credit Parties; 
 (xi) Certificates of insurance, additional insured endorsements, and lender’s loss payable
endorsements with respect to the Credit Parties, in each case, meeting the requirements of Section 6.8; 
 (xii)
UCC, Lien, and Intellectual Property searches, and all other searches and other evidence satisfactory to Administrative Agent that there are not Liens upon the Collateral (other than Liens permitted under Section 7.2); 

(xiii) Payment of all fees and expenses payable to the Administrative Agent, the Affiliates of the Administrative Agent, and
the Lenders in connection with the execution and delivery of this Agreement, including, without limitation, fees and expenses of counsel to the Administrative Agent; 

(xiv) A certificate signed by an Authorized Signatory of the Borrower certifying that each of the applicable conditions set
forth in Section 4.2 have been satisfied; 
 (xv) A payoff letter, in form and substance reasonably satisfactory
to the Administrative Agent, duly executed by each lender holding Indebtedness to be refinanced on the Agreement Date, together with all releases, terminations, or other documents reasonably required by the Administrative Agent to evidence the
payoff of such Indebtedness; 
 (xvi) after giving effect to the Transactions, no Advances shall be outstanding; 

(xvii) [reserved]; 

(xviii) Evidence that the Borrower has obtained (or will obtain substantially concurrently with the effectiveness of this
Agreement) the 2028 Notes in the aggregate principal amount of $300,000,000 on terms and reasonably acceptable to the Administrative Agent; and 

  
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 (xix) certified final copies of the 2028 Note Indenture and the other
primary documents related thereto and evidence that all of the conditions precedent to the initial borrowing under the 2028 Notes (in each case, other than the effectiveness of this Agreement) shall be satisfied or waived substantially concurrently
with the effectiveness of this Agreement. 
 (b) The Administrative Agent shall be satisfied that no change in the business, condition
(financial or otherwise), results of operations, liabilities (contingent or otherwise), or properties of the Borrower and its Restricted Subsidiaries (taken as a whole) shall have occurred since December 31, 2018, which change has had or would
be reasonably expected to have a Material Adverse Effect, and the Administrative Agent shall have received a certificate of an Authorized Signatory of the Borrower so stating. 

(c) The Administrative Agent shall have received and be satisfied with (i) the financial statements (including balance sheets and related
statements of income and retained earnings and related statements of cash flows) described in Section 5.4(c), (ii) the consolidated financial statements of the Borrower and its Subsidiaries for the most recent fiscal quarter ending
at least 45 days prior to the Agreement Date, and (iii) an annual budget for the Credit Parties and their Subsidiaries, including forecasts of the income statement, the balance sheet and a cash flow statement for each fiscal year through the
fiscal year ending December 31, 2024, prepared on an annual basis for each fiscal year (it being recognized by the Administrative Agent and the Lenders that the projections and forecasts provided by the Credit Parties should not be viewed as
facts and that actual results during the period or periods covered by such projections and forecasts may differ from the projected or forecasted results). 

(d) The Administrative Agent shall have received a certificate signed by an Authorized Signatory of the Borrower certifying (i) that all
Necessary Authorizations are in full force and effect, are not subject to any pending or threatened reversal or cancellation, and all applicable waiting periods have expired, and that there is no ongoing investigation or inquiry by any Governmental
Authority regarding the Loans or any other transaction contemplated by the Loan Documents or the conduct of the businesses and the ownership (or lease) of the Properties of the Credit Parties and (ii) that attached thereto are true, correct,
and complete copies of all such Necessary Authorizations. 
 (e) The Administrative Agent shall have received (i) all documentation and
information required by any Governmental Authority under any applicable “know your customer” and anti-money laundering laws no later than fifteen (15) Business Days prior to the Agreement Date and (ii) at least five days prior to
the Agreement Date, if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, the Borrower must deliver a Beneficial Ownership Certification in relation to the Borrower. 

Section 4.2 Conditions Precedent to Each Advance and Issuance of a Letter of Credit. The obligation of the Lenders to make each
Advance and of the Issuing Bank to issue any Letter of Credit, including the initial Advance or initial Letter of Credit issuance hereunder (but excluding Advances, the proceeds of which are to reimburse (a) the Swing Bank for Swing Loans,
(b) the Administrative Agent for Agent Advances or (c) the Issuing Bank for amounts drawn under a Letter of Credit), is subject to the fulfillment of each of the following conditions immediately prior to or contemporaneously with such
Advance or issuance of such Letter of Credit: 

  
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 (a) All of the representations and warranties of the Credit Parties under this Agreement and
the other Loan Documents, which, pursuant to Section 5.24, are made at and as of the time of such Advance or issuance of such Letter of Credit, shall be true and correct in all material respects (provided that if any
representation or warranty already includes a materiality or material adverse effect qualifier, such representation or warranty shall be true and correct in all respects) at such time, both before and after giving effect to the application of the
proceeds of such Advance or issuance of such Letter of Credit, except to the extent made with respect to a specific, earlier date, in which case such representation and warranty shall have been true and correct in all material respects
(provided that if any representation or warranty already includes a materiality or material adverse effect qualifier, such representation or warranty shall be true and correct in all respects) as of such earlier date; 

(b) The most recent Borrowing Base Certificate which shall have been delivered to the Administrative Agent pursuant to
Section 6.2(a) (or to the extent the Regular Borrowing Base is not then in effect, reference to the Temporary Borrowing Base) shall demonstrate that, after giving effect to the making of such Advance or issuance of such Letter of Credit
and any Reserves imposed since the delivery of such Borrowing Base Certificate, no Overadvance shall exist; 
 (c) There shall not exist on
the date of such Advance or issuance of such Letter of Credit and after giving effect thereto, a Default or an Event of Default; 
 (d) With
respect to the issuance of any Letter of Credit, all other applicable conditions precedent set forth herein shall have been satisfied; and 

(e) the Administrative Agent shall have received the opinions described on Schedule 4.2. 

The Borrower hereby agrees that the delivery of any Request for Advance or Request for Issuance of Letter of Credit hereunder or any telephonic request for an
Advance hereunder shall be deemed to be the certification of the Authorized Signatory thereof that all of the conditions set forth in this Section 4.2 have been satisfied. Notwithstanding the foregoing, if the conditions, or any of them,
set forth above are not satisfied, such conditions may be waived by the requisite Lenders under Section 10.12. 
 ARTICLE 5 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to the Lender Group
that< as of the Agreement Date>: 

Section 5.1 Organization; Powers. (a) The Borrower is duly organized or incorporated, validly existing and in good standing
(to the extent such concept exists in the relevant jurisdictions) under the laws of the jurisdiction of its organization, (b) each of the Borrower’s Restricted 

  
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Subsidiaries is duly organized or incorporated, validly existing and in good standing (to the extent such concept exists in the relevant jurisdictions) under the laws of the jurisdiction of its
organization, (c) each of the
<Borrowers>Borrower
 and its Restricted Subsidiaries has the corporate or other organizational power and authority to carry on its business as now conducted and to execute, deliver and perform its obligations under
each Loan Document to which it is a party and (d) each of the <Borrowers>Borrower and its Restricted Subsidiaries are qualified to do business
in, and is in good standing in, every jurisdiction where such qualification is required, except in the case of clauses (b), (c) and (d) where the failure to do so, individually or in the aggregate, would not reasonably be expected to
result in a Material Adverse Effect. 
 Section 5.2 Authorization; Enforceability. This Agreement has been duly
authorized, executed and delivered by the Borrower and constitutes, and each other Loan Document to which any Credit Party is to be a party, when executed and delivered by such Credit Party, will constitute, a legal, valid and binding obligation of
the Borrower or such Credit Party, as the case may be, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject
to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 Section 5.3 Governmental
Approvals; No Conflicts. Except as set forth on Schedule 5.3, the Financing Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such
as have been obtained or made and are in full force and effect and except filings necessary to perfect Liens created under the Loan Documents, (b) will not violate the Organizational Documents of Borrower, (c) will not violate the
Organizational Documents of any Restricted Subsidiary, (d) will not violate any Requirements of Law applicable to, the Borrower or any Restricted Subsidiary, (e) will not violate or result in a default under any indenture or other
agreement or instrument binding upon the Borrower or any Restricted Subsidiary or their respective assets, or give rise to a right thereunder to require any payment, repurchase or redemption to be made by the Borrower or any Restricted Subsidiary,
or give rise to a right of, or result in, termination, cancellation or acceleration of any obligation thereunder and (f) will not result in the creation or imposition of any Lien on any asset of the Borrower or any Restricted Subsidiary, except
Liens created under the Loan Documents or permitted by Section 7.2, except in the case of clauses (a), (c), (d), (e) and (f) to the extent that the failure to obtain or make such consent, approval, registration, filing or
action, or such violation, default or right, or imposition of Lien, as the case may be, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

Section 5.4 Financial Condition; No Material Adverse Effect. 

(a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein and (ii) fairly present in all material respects the financial condition of the Borrower and its Subsidiaries as of the respective dates thereof and their results of operations for the period covered
thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein. 

(b) [reserved]. 

  
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 (c) The Borrower has heretofore furnished to the Administrative Agent the consolidated pro
forma balance sheet of the Borrower and its Subsidiaries as of December 31, 2018, and the related consolidated pro forma statement of operations of the Borrower and its Subsidiaries as of and for the twelve-month period then ended (such pro
forma balance sheet and statement of operations, the “Pro Forma Financial Statements”), which have been prepared giving effect to the Transactions (excluding the impact of purchase accounting effects required by GAAP) as if such
Transactions had occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such statement of operations). The Pro Forma Financial Statements have been prepared in good faith, based on assumptions
believed by the Borrower to be reasonable as of the date of delivery thereof, and present fairly in all material respects on a pro forma basis and in accordance with GAAP the estimated financial position of the Borrower and its Subsidiaries as of
December 31, 2018, and their estimated results of operations for the periods covered thereby, assuming that the Transactions had actually occurred as of such date (in the case of such balance sheet) or at the beginning of such period (in the
case of such statement of operations). 
 (d) Since <the
>December 31, <2018>2021, there has been no Material Adverse Effect. 

Section 5.5 Properties. Each of the Borrower and its Restricted Subsidiaries has good title to, or valid interests in, all its real
and personal property material to its business, if any (including all of the Mortgaged Properties), (i) free and clear of all Liens except for Liens permitted by Section 7.2 and (ii) except for minor defects in title that do
not interfere with its ability to conduct its business as currently conducted or as proposed to be conducted or to utilize such properties for their intended purposes, in each case, except where the failure to do so would not reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect. 
 Section 5.6 Litigation and Environmental Matters. 

(a) Except as set forth on Schedule 5.6, there are no actions, suits or proceedings by or before any arbitrator or Governmental
Authority pending against or, to the knowledge of the Borrower, threatened in writing against or affecting the Borrower or any Restricted Subsidiary that would reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect. 
 (b) Except as set forth on Schedule 5.6, and except with respect to any other matters that, individually or in the
aggregate, would not reasonably be expected to result in a Material Adverse Effect, none of the Borrower or any Restricted Subsidiary (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license
or other approval required under any Environmental Law, (ii) has, to the knowledge of the Borrower, become subject to any Environmental Liability or (iii) has received written notice of any claim with respect to any Environmental
Liability. 
 Section 5.7 Compliance with Laws. Each of the Borrower and its Restricted Subsidiaries is in compliance with all
Requirements of Law applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

  
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 Section 5.8 Investment Company Status. None of the Credit Parties is an
“investment company” under the Investment Company Act of 1940, as amended from time to time. 
 Section 5.9 Taxes. The
Borrower and each Restricted Subsidiary (a) have timely filed or caused to be filed all federal and all material state and other Tax returns and reports required to have been filed and (b) have paid or caused to be paid or have made
adequate provision for the payment of all federal income Taxes and all material state income taxes all other material Taxes levied or imposed on their properties, income or assets (whether or not shown on a Tax return) including in their capacity as
tax withholding agents, except any (x) Taxes the failure to pay or discharge would not reasonably be expected to result in liabilities in excess of $1,000,000 and (y) Taxes that are being contested in good faith by appropriate proceedings
diligently conducted; provided that the Borrower or such Subsidiary, as the case may be, has set aside on its books adequate reserves therefor in accordance with GAAP and applicable local standards. There is no proposed Tax assessment,
deficiency or other claim against the Borrower or any Restricted Subsidiary that would reasonably be expected to, individually or in the aggregate, have a Material Adverse Effect. There are no Liens filed with respect to any Tax assessment,
deficiency or other claim against the Borrower or any Restricted Subsidiary or any Priority Obligations securing obligations in an aggregate amount in excess of $20,000,000. 

Section 5.10 ERISA. 

(a) Except as could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each Employee Benefit
Plan or Plan is in compliance with, and has been operated in accordance with, the applicable provisions of ERISA, the Code and other federal or state laws and the terms of such plans. 

(b) Except as would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect, (i) no ERISA
Event has occurred during the six year period prior to the date on which this representation is made or deemed made or is reasonably expected to occur, and (ii) neither any Credit Party nor any ERISA Affiliate has engaged in a transaction that
would reasonably be expected to be subject to Section 4069 or 4212(c) of ERISA. 
 (c) Except as would not reasonably be expected,
individually or in the aggregate, to result in a Material Adverse Effect: (i) each employee benefit plan (as defined in Section 3(3) of ERISA) that is intended to be a qualified plan under Section 401(a) of the Code has received a
favorable determination letter from the Internal Revenue Service to the effect that the form of such plan is qualified under Section 401(a) of the Code and the trust related thereto has been determined by the Internal Revenue Service to be
exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter is currently being processed by the Internal Revenue Service, (ii) to the knowledge of the Borrower, nothing has occurred that would
prevent or cause the loss of such tax-qualified status, and (iii) there are no pending or, to the knowledge of the Borrower, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any such plan. 

  
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 Section 5.11 Disclosure. As of the Agreement Date and the Amendment No. 3 Effective Date, all written factual
information and written factual data (other than projections and information of a general economic or industry specific nature) furnished by or on behalf of any Credit Party to the Administrative Agent or any Lender in connection with the
negotiation of any Loan Document or delivered thereunder (as modified or supplemented by other information so furnished), when taken as a whole when furnished, does not contain any untrue statement of a material fact or omit to state any material
fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading; provided that, with respect to projected financial information, the Borrower represents only that such
information, when taken as a whole, was prepared in good faith based upon assumptions believed by it to be reasonable at the time delivered, it being understood that (i) any such projected financial information is merely a prediction as to
future events and its not to be viewed as fact, (ii) such projected financial information is subject to significant uncertainties and contingencies, many of which are beyond the control of the Borrower or any of its Subsidiaries and
(iii) no assurance can be given that any particular projections will be realized and that actual results during the period or periods covered by any such projections may differ significantly from the projected results and such differences may
be material. 
 Section 5.12 Subsidiaries. As of the <Agreement>Amendment
No. 3 Effective Date, Schedule 5.12 sets forth the name of, and the ownership interest of the Borrower and each of its subsidiaries in, each subsidiary of the Borrower. 

Section 5.13 Intellectual Property; Licenses, etc. Except as would not reasonably be expected to have a Material Adverse Effect,
each of the Borrower and its Restricted Subsidiaries owns, licenses or possesses the right to use all Intellectual Property that is reasonably necessary for the operation of its business substantially as currently conducted. To the knowledge of the
Borrower, no Intellectual Property used by the Borrower or any Restricted Subsidiary in the operation of its business as currently conducted infringes upon the Intellectual Property of any Person except for such infringements that would not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. No claim or litigation regarding any of the Intellectual Property is pending or, to the knowledge of the Borrower, threatened against the Borrower or any
Restricted Subsidiary, which, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

Section 5.14 Solvency. Immediately after the consummation of each of the Transactions to occur on the <Agreement>Amendment
No. 3 Effective Date, after taking into account all applicable rights of indemnity and contribution, (a) the sum of the debt (including contingent liabilities) of the Borrower and its
Subsidiaries, on a consolidated basis, does not exceed the present fair saleable value of the present assets of the Borrower and its Subsidiaries, on a consolidated basis, (b) the capital of the Borrower and its Subsidiaries, on a consolidated
basis, is not unreasonably small in relation to their business as contemplated on the date hereof, (c) the Borrower and its Subsidiaries, on a consolidated basis, have not incurred and do not intend to incur, or believe that they will incur,
debts including current obligations, beyond their ability to pay such debts as they become due (whether at maturity or otherwise) and (d) the Borrower and its Subsidiaries, on a consolidated basis, are “solvent” within the meaning
given to that term and similar terms under applicable laws relating to fraudulent transfers and conveyances. For purposes of this Section 5.14, the amount of any contingent liability at any time shall be computed as the amount that, in
the light of all of the facts and circumstances existing at such time, represents the amount that would reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for
accrual pursuant to Financial Accounting Standards Board Statement No. 5). 

  
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 Section 5.15 Senior Indebtedness. The Obligations constitute “Senior
Indebtedness” (or any comparable term) under and as defined in the documentation governing any other Restricted Debt Financing (including the 2028 Note Indenture). 

Section 5.16 Federal Reserve Regulations. Neither the Borrower nor any Restricted Subsidiary is engaged or will engage,
principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U of the Board of Governors), or extending credit for the purpose of purchasing or carrying margin stock. No
part of the proceeds of the Loans will be used, directly or indirectly, to purchase or carry any margin stock or to refinance any Indebtedness originally incurred for such purpose, or for any other purpose that entails a violation (including on the
part of any Lender) of the provisions of Regulations U or X of the Board of Governors. 
 Section 5.17 Use of Proceeds. The
proceeds of any Advance will be used only for the purposes specified in Section 2.12 hereof. 
 Section 5.18
Insurance. Each of the Credit Parties and each of their respective Subsidiaries and their respective Properties are insured with financially sound and reputable insurance companies which are not Affiliates of the Borrower, in such amounts,
with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar Properties in localities where such Person operates. A true and complete listing of such insurance, including
issuers, coverages and deductibles, in all material respects, has been provided to the Administrative Agent as of the Agreement Date. 

Section 5.19 Anti-Corruption Laws; Anti-Terrorism Laws; Sanctions. 

(a) Borrower and each Subsidiary has conducted its business in accordance with applicable Anti-Corruption Laws and Anti-Terrorism Laws, and has
instituted and maintained policies and procedures designed to promote and achieve compliance with such laws. 
 (b) Neither Borrower nor any
Subsidiary, or any director, officer, employee, agent, affiliate or representative thereof, is or is owned or controlled by any individual or entity (including any agency, political subdivision or instrumentality of government) that is currently the
target of any Sanction or is located, organized or resident in a Sanctioned Country. 
 Section 5.20 Labor Matters. Except as
would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect: (1) there are no strikes or other labor disputes against the Borrower or the Restricted Subsidiaries pending or, to the knowledge of the
Borrower, threatened in writing and (2) hours worked by and payment made based on hours worked to employees of each of the Borrower or the Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act of 1938 or any other
applicable laws dealing with wage and hour matters. As of the Agreement Date and the Amendment No. 3 Effective
Date, the consummation of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which
Borrower or any Restricted Subsidiary is bound. 

  
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 Section 5.21 Security Documents. The Security Agreement and each other Security
Document (other than any Mortgages) executed and delivered by a Credit Party is effective to create in favor of the Administrative Agent, for the benefit of the Lender Group, a legal, valid, binding and enforceable security interest in the
Collateral described therein, except as enforceability may be limited by applicable Debtor Relief Laws and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). Subject to the last paragraph of the
Collateral and Guarantee Requirement and except as otherwise provided under applicable Requirements of Law (including the UCC), in the case of (i) the Pledged Securities described in the Security Agreement, when any stock certificates
representing such Pledged Securities (and constituting “certificated securities” within the meaning of the UCC) are delivered to the Administrative Agent, (ii) Collateral with respect to which a security interest may be perfected only
by possession or control, upon the taking of possession or control by the Administrative Agent of such Collateral, and (iii) the other personal property Collateral described in the Security Documents, when financing statements in appropriate
form are filed in the appropriate filing offices, appropriate assignments or notices are filed in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, and such other filings as are specified by the
Security Agreement have been completed, the Lien on the Collateral created by the Security Agreement shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Credit Parties in such Collateral, as
security for the Obligations, in each case prior to the Liens of any other Person (except Liens permitted under Section 7.2). 

Section 5.22 Representations and Warranties Relating to Accounts. Each Account (a) is genuine and enforceable in accordance
with its terms except for such limits thereon arising from bankruptcy and similar laws relating to creditors’ rights; (b) is not subject to any other circumstances that would impair the validity, enforceability or amount of such Account
except as to which such Credit Party promptly notified the Administrative Agent in writing; (c) arises from a bona fide sale of goods or delivery of services in the ordinary course and in accordance with the terms and conditions of any
applicable purchase order, contract or agreement; (d) is free of all Liens (other than Liens in favor of the Administrative Agent, for the benefit of the Lender Group, and other Liens permitted under Section 7.2, so long as such
Liens are contractually subordinated to the Liens in favor of the Administrative Agent (other than non-consensual Liens existing by operation of law)); and (e) is for a liquidated amount maturing as stated in the invoice therefor. As to each
Account that is identified by the Borrower as an Eligible Account in the most recent Borrowing Base Certificate submitted to the Administrative Agent by the Borrower, such Account is not ineligible by virtue of one or more of the excluding criteria
set forth in the definition of Eligible Accounts. 
 Section 5.23 Representations and Warranties Relating to Inventory. With
respect to all Eligible Inventory, the Administrative Agent may rely upon all statements, warranties, or representations made in any Borrowing Base Certificate in determining the classification of such Inventory and in determining which items of
Inventory listed in such Borrowing Base Certificate meet the requirements of eligibility. 
 Section 5.24 Survival of
Representations and Warranties, etc. All representations and warranties made under this Agreement and the other Loan Documents shall be deemed to be made, and shall be true and correct in all material respects (provided that if any
representation or warranty already includes a materiality or material adverse effect qualifier, such representation or 

  
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warranty shall be true and correct in all respects), at and as of the Agreement Date and the date of each Advance or issuance of a Letter of Credit hereunder, except to the extent made with
respect to a specific, earlier date, in which case such representation and warranty shall have been true and correct in all material respects as of such earlier date. All representations and warranties made under this Agreement and the other Loan
Documents shall survive, and not be waived by, the execution hereof by the Lender Group, or any of them, any investigation or inquiry by any member of the Lender Group, or the making of any Advance or the issuance of any Letter of Credit under this
Agreement. 
 ARTICLE 6 

AFFIRMATIVE COVENANTS 

From and after the Agreement Date and until the later of the date the Obligations arising under this Agreement and the other Loan Documents
are repaid in full in cash and the date the Commitments are terminated, the Borrower covenants and agrees with the Lenders that: 

Section 6.1 Financial Statements and Other Information. The Borrower will furnish to the Administrative Agent (for prompt
distribution to each Lender through the Administrative Agent): 
 (a) commencing with the financial statements for the fiscal year ended
December 31, 2019, on or before the date that is one hundred twenty (120) days (or, if later, the last date on which the Borrower is required to file its 10-K for the applicable fiscal year (including any grace periods or extensions
permitted by the SEC)) after the end of each fiscal year of the Borrower, audited consolidated balance sheet and audited consolidated statements of operations and comprehensive income, shareholders’ equity and cash flows of the Borrower and its
Subsidiaries as of the end of and for such year, and related notes thereto, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by Deloitte & Touche LLP or another independent public
accounting firm of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit (other than with respect to, or resulting from,
(A) an upcoming maturity date of any Indebtedness occurring within one year from the time such opinion is delivered or (B) any actual failure to satisfy a financial maintenance covenant or any potential inability to satisfy a financial
maintenance covenant on a future date or in a future period)) to the effect that such consolidated financial statements present fairly in all material respects the financial condition as of the end of and for such year and results of operations and
cash flows of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied; 
 (b) commencing with
the financial statements for the fiscal quarter ended September 30, 2019, on or before the date that is sixty (60) days (or, if later, the last date on which the Borrower is required to file its 10-Q for the applicable fiscal year
(including any grace periods or extensions permitted by the SEC), if later) after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, unaudited consolidated balance sheet and unaudited consolidated statements of
operations and comprehensive income, shareholders’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the
corresponding period or periods 

  
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of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by a Financial Officer as presenting fairly in all material respects the financial condition as
of the end of and for such fiscal quarter and such portion of the fiscal year and results of operations and cash flows of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal
year-end audit adjustments and the absence of footnotes; 
 (c) simultaneously with the delivery of each set of consolidated financial
statements referred to in clauses (a) and (b) above, (i) customary management’s discussion and analysis and (ii) the related unaudited consolidating financial information reflecting adjustments necessary to eliminate the
accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements; 
 (d) At the time the financial statements are
furnished pursuant to clauses (a) and (b) above, a Compliance Certificate: 
 (i) Setting forth as at the end of
the applicable fiscal quarter, the arithmetical calculations required to establish whether or not the Credit Parties were in compliance with the requirements of the Financial Covenant (whether or not the Credit Parties are otherwise required to
satisfy such covenant at the time such Compliance Certificate is delivered); and 
 (ii) Stating that, to the best of his or
her knowledge, no Default or Event of Default has occurred as at the end of such period, or, if a Default or Event of Default has occurred, disclosing each such Default or Event of Default and its nature, when it occurred and whether it is
continuing, and specifying what action the Borrower has taken or proposes to take with respect thereto; 
 (e) On or before the date ninety
(90) days after the commencement of each fiscal year, commencing with the fiscal year beginning January 1, 2020, the Credit Parties shall deliver to the Lender Group the annual budget for the Credit Parties and their Restricted
Subsidiaries, approved by the board of directors of the Borrower, including forecasts of the income statement, the balance sheet, a cash flow statement, Excess Availability forecasts, and Financial Covenant compliance forecasts (whether or not the
Borrower is otherwise required to satisfy such covenants at such time or at any time applicable to such forecasts) for such fiscal year on a quarter-by-quarter basis; 

(f) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and registration statements
(other than amendments to any registration statement (to the extent such registration statement, in the form it became effective, is delivered to the Administrative Agent), exhibits to any registration statement and, if applicable, any registration
statement on Form S-8) filed by the Borrower or any Restricted Subsidiary with the SEC or with any national securities exchange; 
 (g) On or
promptly after any time at which the Borrower or any Subsidiary becomes subject to the Beneficial Ownership Regulation, upon the request of the Administrative Agent, a completed Beneficial Ownership Certification in form and substance acceptable to
the Administrative Agent; and 

  
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 (h) promptly following any request therefor, such other information (including
accountants’ letters, compliance certificates and officers’ certificates) regarding the operations, business affairs and financial condition of the Borrower or any Restricted Subsidiary, or compliance with the terms of any Loan Document,
as the Administrative Agent on its own behalf or on behalf of any Lender may reasonably request in writing. 
 Notwithstanding the
foregoing, the obligations in paragraphs (a) and (b) of this Section 6.1 may be satisfied with respect to financial information of the Borrower and its Subsidiaries by furnishing the Form 10-K or 10-Q (or the equivalent), as
applicable, of the Borrower filed with the SEC within the applicable time periods required by Applicable Law; provided that to the extent such information is in lieu of information required to be provided under Section 6.1(a),
such materials are accompanied by a report and opinion of an independent registered public accounting firm of nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and
shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit (other than with respect to, or resulting from, (i) an upcoming maturity date of any
Indebtedness occurring within one year from the time such opinion is delivered or (ii) any actual failure to satisfy a financial maintenance covenant or any potential inability to satisfy a financial maintenance covenant on a future date or in
a future period). 
 Documents required to be delivered pursuant to Sections 6.1(a), (b) or (e) (to the
extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or
provides a link thereto on the Borrower’s website on the Internet at the website address listed on Schedule 6.1 (or otherwise notified pursuant to Section 6.1(d)); or (ii) on which such documents are posted on the
Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent). The Administrative Agent
shall have no obligation to request the delivery of or maintain paper copies of the documents referred to above, and each Lender shall be solely responsible for timely accessing posted documents or requesting delivery of paper copies of such
documents from the Administrative Agent and maintaining its copies of such documents. 
 Notwithstanding anything to the contrary herein,
neither the Borrower nor any Subsidiary shall be required to deliver, disclose, permit the inspection, examination or making of copies of or excerpts from, or any discussion of, any document, information, or other matter (i) that constitutes
non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent (or any Lender (or their respective representatives or contractors)) is prohibited by Applicable Law,
(iii) that is subject to attorney-client or similar privilege or constitutes attorney work product, (iv) with respect to which any Credit Party owes confidentiality obligations (to the extent not created in contemplation of such Credit
Party’s obligations under this Section 6.1) to any third party or (v) that relates to any investigation by any Governmental Authority to the extent (x) such information is identifiable to a particular individual and the
Borrower in good faith determines such information should remain confidential or (y) the information requested is not factual in nature. 

  
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 The Borrower hereby acknowledges that (a) the Administrative Agent will make available
to the Lenders materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic system (the
“Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive Material Non-Public Information and who may be engaged in investment and other market-related
activities with respect to the Borrower’s or its Affiliates’ securities. The Borrower hereby agrees that it will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public
Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by
marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Sole Lead Arranger and the Lenders to treat such Borrower Materials as not containing any Material Non-Public Information
(although it may be sensitive and proprietary) (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.17); (y) all Borrower Materials
marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information”; and (z) the Administrative Agent and the Sole Lead Arranger shall be entitled to treat any Borrower
Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information”; provided that the Borrower’s failure to comply with this sentence shall
not constitute a Default or an Event of Default under this Agreement or the Loan Documents. Notwithstanding the foregoing, the Borrower shall be under no obligation to mark any Borrower Materials as “PUBLIC”. Each Credit Party hereby
acknowledges and agrees that, unless the Borrower notifies the Administrative Agent in advance, all financial statements and certificates furnished pursuant to Sections 6.1(a), (b), (c) and (d) above are hereby
deemed to be suitable for distribution, and to be made available, to all Lenders and may be treated by the Administrative Agent and the Lenders as not containing any Material Non-Public Information. 

Section 6.2 Borrowing Base Certificates; Additional Reports. 

(a) The Borrower shall deliver a Borrowing Base Certificate (a) at any time that a Weekly Borrowing Base Period exists, by each Wednesday
for the prior week ending on Friday, (b) at any time that a Quarterly Borrowing Base Period exists, within twenty (20) days after the end of each fiscal quarter of the Borrower, or (c) at all other times, within twenty (20) days
after the end of each month. Each Borrowing Base Certificate shall be in such form as shall be reasonably satisfactory to the Administrative Agent, setting forth a categorical breakdown of all Accounts of the Borrower and a calculation of Eligible
Accounts as of the last day of such quarter (or month or week), the categorical breakdown amount of Inventory and the amount of Eligible Inventory owned by the Borrower as of the last day of such quarter (or month) (it being agreed that during a
Weekly Borrowing Base Period, such categorical breakdown of Inventory and the amount of Eligible Inventory shall be reported as of the last Business Day of the most recent calendar month-end), the Average Excess Availability for such quarter (or for
such month or week), and such other information as the Administrative Agent may reasonably require. 

  
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 (b) Together with the delivery of each Borrowing Base Certificate required to be delivered
pursuant to clause (a) above, the Borrower shall deliver to the Administrative Agent and to any Lender requesting the same, in form reasonably acceptable to the Administrative Agent, the following: 

(i) bank and investment account statements, a report of sales and collections, debit and credit adjustments, a detailed aging
of all Accounts of the Borrower existing as of the last day of the preceding fiscal month or such other date reasonably required by the Administrative Agent, specifying the names and face value for each Account Debtor obligated on an Account of the
Borrower so listed and all other information necessary to calculate Eligible Accounts as of such last day of the preceding fiscal month or such other date reasonably required by the Administrative Agent and such other information regarding the
Accounts of the Borrower as the Administrative Agent may reasonably request from time to time; 
 (ii) an accounts payable
aging report and, upon the Administrative Agent’s request therefor, copies of proof of delivery and the original copy of all documents, including, without limitation, repayment histories and present status reports relating to the Accounts of
the Borrower so scheduled and such other information regarding Borrower’s accounts payable as the Administrative Agent may reasonably request from time to time; and 

(iii) an inventory report (in form and substance reasonably satisfactory to Administrative Agent) listing (i) all of the
Borrower’s Inventory and all Eligible Inventory as of the last Business Day of the applicable reporting period; (ii) the type, cost, and location of all such Inventory; (iii) all of such Inventory which constitutes raw materials,
work-in-process, and finished goods or returned or repossessed goods; (iv) all Inventory which has not been timely sold in the ordinary course of business; (v) all Inventory which is not located at Property owned or leased by the Borrower
or that is in possession of any Person other than the Borrower (other than in-transit Inventory and Inventory being transported pursuant to third party logistics companies) and a description of the reason why such Inventory is so located or in the
possession of such other Person; and (vi) such other information regarding Borrower’s Inventory as the Administrative Agent may reasonably request from time to time; provided that during a Weekly Borrowing Base Period, such inventory
report shall only be required to be delivered with respect to the last Business Day of the most recent calendar month-end. 
 (c) From time
to time and promptly upon (and in any event within five (5) Business Days of) each request the Credit Parties shall, and shall cause their Restricted Subsidiaries to, deliver to the Administrative Agent on behalf of the Lender Group such data,
certificates, reports, financial statements, documents, or further information regarding the business, assets, liabilities, financial position, projections, results of operations, or business prospects of the Credit Parties, such Subsidiaries, or
any of them, as the Administrative Agent may reasonably request. 

  
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 Section 6.3 Notices of Material Events. Promptly after any Responsible Officer
of the Borrower obtains actual knowledge thereof, the Borrower will furnish to the Administrative Agent (for prompt distribution to each Lender through the Administrative Agent) written notice of the following: 

(a) the occurrence of any Default; 

(b) to the extent permissible by Requirements of Law, the filing or commencement of any action, suit or proceeding by or before any arbitrator
or Governmental Authority against or, to the knowledge of a Financial Officer or another executive officer of the Borrower or any Subsidiary, affecting the Borrower or any Subsidiary or the receipt of a written notice of an Environmental Liability,
in each case that would reasonably be expected to result in a Material Adverse Effect; 
 (c) the occurrence of any ERISA Event that would
reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. Each notice delivered under this Section 6.3 shall be accompanied by a written statement of a Responsible Officer of the Borrower setting
forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto; and 

(d) Promptly upon (and in any event within five (5) Business Days of) any Credit Party’s receipt of notice of any event that could
reasonably be expected to result in a Material Adverse Effect, such Credit Party shall notify the Lender Group of the occurrence thereof. 

Section 6.4 Information Regarding Collateral. 

(a) The Borrower will furnish to the Administrative Agent prompt (and in any event within thirty (30) days or such longer period as
reasonably agreed to by the Administrative Agent) written notice of any change (i) in any Credit Party’s legal name (as set forth in its certificate of organization or like document), (ii) in the jurisdiction of incorporation or
organization of any Credit Party or in the form of its organization or (iii) in any Credit Party’s organizational identification number to the extent that such Credit Party is organized or owns Mortgaged Property in a jurisdiction where an
organizational identification number is required to be included in a UCC financing statement for such jurisdiction. 
 (b) Not later than
five days after delivery of financial statements pursuant to Section 6.1(a), the Borrower shall deliver to the Administrative Agent a certificate executed by a Responsible Officer of the Borrower (i) setting forth the information
required pursuant to of the Perfection Certificate or confirming that there has been no change in such information since the date of the Perfection Certificate delivered on the
<Agreement>Amendment
 No. 3 Effective Date or the date of the most recent certificate delivered pursuant to this Section 6.4, (ii) identifying any Wholly Owned Restricted Subsidiary that has
become, or ceased to be, a Material Subsidiary or an Excluded Subsidiary during the most recently ended fiscal quarter and (iii) certifying that all notices required to be given prior to the date of such certificate by Section 6.4
have been given. 
 Section 6.5 Existence; Conduct of Business. The Borrower will, and will cause each Restricted
Subsidiary to, do or cause to be done all things necessary to obtain, preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges, franchises, Intellectual Property and Governmental Approvals
material to the conduct of its business, except to the extent (other than with respect to the preservation of the existence of the Borrower) that the failure to do so would not reasonably be expected to have a Material Adverse Effect;
provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 7.3 or any Disposition permitted by Section 7.5. 

  
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 Section 6.6 Payment of Taxes, etc. Each Credit Party will, and will cause each
of its Restricted Subsidiaries to, pay and discharge all Taxes, assessments, and governmental charges or levies imposed upon it or its income or profit or upon any properties belonging to it prior to the date on which penalties attach thereto, and
all lawful claims for labor, materials and supplies which have become due and payable and which by law have or may become a Lien upon any of its Property; except that, no such Tax, assessment, charge, levy, or claim need be paid which (a) the
failure to pay or discharge would not reasonably be expected to result in liabilities in excess of $1,000,000 or (b) is being contested in good faith by appropriate proceedings which stay the imposition of any penalty, fine, or Lien resulting
from the non-payment thereof and for which adequate reserves shall have been set aside on the appropriate books, but only so long as such tax, assessment, charge, levy, or claim does not become a Lien or charge other than a Permitted Lien and no
foreclosure, distraint, sale, or similar proceedings shall have been commenced and remain unstayed for a period thirty (30) days after such commencement. Each Credit Party shall, and shall cause each of its Restricted Subsidiaries to, timely
file all information returns required by Federal, state, local, or foreign tax authorities. 
 Section 6.7 Maintenance of
Properties. The Borrower will, and will cause each Restricted Subsidiary to, keep and maintain all tangible property material to the conduct of its business in good working order and condition (subject to casualty, condemnation and ordinary wear
and tear), except where the failure to do so would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

Section 6.8 Insurance. 

(a) The Borrower will, and will cause each Restricted Subsidiary to, maintain, with insurance companies that the Borrower believes (in the good
faith judgment of the management of the Borrower) are financially sound and responsible at the time the relevant coverage is placed or renewed, insurance in at least such amounts (after giving effect to any self-insurance which the Borrower believes
(in the good faith judgment of management of the Borrower) is reasonable and prudent in light of the size and nature of its business) and against at least such risks (and with such risk retentions) as the Borrower believes (in the good faith
judgment or the management of the Borrower) are reasonable and prudent in light of the size and nature of its business, and will furnish to the Lenders, upon written request from the Administrative Agent, information presented in reasonable detail
as to the insurance so carried. The Borrower shall cause (i) each such general liability policy of insurance (other than directors and officers policies, workers compensation policies and business interruption insurance) to, in the
Administrative Agent’s Permitted Discretion, name the Administrative Agent, on behalf of the Secured Parties, as an additional insured thereunder as its interests may appear and (ii) in the case of each casualty insurance policy, contain a
loss payable clause or mortgagee endorsement that names the Administrative Agent, on behalf of the Secured Parties as the loss payee or mortgagee thereunder. 

(b) If any Real Property secures any Obligations, (i) flood hazard diligence, documentation and insurance for such Real Property shall
comply with all Flood Insurance Laws or shall otherwise be satisfactory to all Lenders and (ii) Borrower shall furnish to the Lenders, upon written request from the Administrative Agent, information presented in reasonable detail as to the
flood insurance so carried. 

  
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 Section 6.9 Books and Records; Inspection and Audit Rights. The Borrower will,
and will cause each Restricted Subsidiary to, maintain proper books of record and account in which entries that are full, true and correct in all material respects and are in conformity with GAAP (or applicable local standards) consistently applied
shall be made of all material financial transactions and matters involving the assets and business of the Borrower or its Restricted Subsidiary, as the case may be. Each Credit Party will, and will permit each of its Restricted Subsidiaries to,
permit representatives and agents of the Administrative Agent to (a) visit and inspect the properties at the time of any Field Exam or appraisal permitted hereunder or, if an Event of Default has occurred and is continuing, at any time, in each
case during normal business hours and, if no Event of Default has occurred and is continuing, with reasonable prior notice, (b) inspect and make extracts from and copies of the Credit Parties’ and their Restricted Subsidiaries’ books
and records during the course of such inspections, and (c) conduct Field Exams and appraisals; provided that no more than one (1) Field Exam and one (1) appraisal may be conducted per fiscal year unless (i) Excess
Availability is less than the greater of
(x) 
$<15,000,000>18,750,000
 for five (5) consecutive Business Days and (y) fifteen percent (15%) of Availability at any time during such fiscal year, in which case up to two (2) Field Exams and two
(2) appraisals may be conducted during such fiscal year, or (ii) an Event of Default has occurred and is continuing, in which case there shall be no limit on the number and frequency of Field Exams and appraisals that may be conducted;
provided further that, other than one (1) Field Exam and one (1) appraisal conducted within ninety (90) days of the
<Closing>Amendment
 Date (or such later date agreed by the Administrative Agent in its Permitted Discretion), with respect to any assets, liabilities, books and records that have been the subject of a Field Exam and
an appraisal, so long as no Event of Default has occurred and is continuing, no subsequent Field Exams or appraisals shall be required to be conducted with respect to such assets, liabilities, books and records so long as both (i) no Revolving
Loans, Swing Loans, or Agents Advances are outstanding and (ii) Excess Availability shall not have been less than 66.67% of Availability for a period of five (5) consecutive Business Days, and (d) discuss with the Credit Parties’
and their Restricted Subsidiaries’ respective principal officers the Credit Parties’ or such Restricted Subsidiaries’ businesses, assets, liabilities, financial positions, results of operations, and business prospects relating to the
Credit Parties or such Restricted Subsidiaries, and the Credit Parties shall cooperate with the Administrative Agent and its representatives and agents in connection with all such inspections, appraisals and discussions. Any other member of the
Lender Group may, at its expense, accompany the Administrative Agent on any regularly scheduled visit to the Credit Parties and their Restricted Subsidiaries’ properties. Borrower shall pay Agent’s then standard charges for examination
activities, including charges for its internal examination and appraisal groups, as well as the charges of any third party used for such purposes. 

Section 6.10 Compliance with Laws. The Borrower will, and will cause each Restricted Subsidiary to, comply with all Requirements
of Law (including ERISA and other applicable pension laws, Environmental Laws, Anti-Corruption Laws, Anti-Terrorism Laws and Sanctions) with respect to it, its property and operations, except where the failure to do so, individually or in the
aggregate, would not reasonably be expected to result in a Material Adverse Effect. The Borrower will not use or allow any tenants or subtenants to use, or permit any Subsidiary to use or allow any tenants to subtenants to use, its Property for any
business activity that violates any federal or state law or that supports a business that violates any federal or state law, in each case where such violation would reasonably be expected to result in a Material Adverse Effect. 

  
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 Section 6.11 Use of Proceeds. 

(a) The Borrower will use the proceeds of the Loans and Letters of Credit, together with cash on hand and the proceeds of the Term Loan, to
directly or indirectly finance the Transactions and for other general corporate purposes. 
 (b) The Borrower will not request any Loan or
Letter of Credit, and the Credit Parties shall ensure that their respective Subsidiaries and their respective directors, officers, employees and agents shall not use, the proceeds of any Loan or Letter of Credit (a) in furtherance of an offer,
payment, promise to pay, or authorization of the payment of giving of money, or anything else of value, to any person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business
or transaction of or with any Sanctioned Person, or in any Sanctioned Country or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto. No part of the proceeds of the Loans will be used by the
Borrower or any of its Subsidiaries, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in
order to obtain, retain or direct business or obtain any improper advantage, in violation of Anti-Corruption Laws. 
 Section 6.12
Additional Subsidiaries. 
 (a) If (i) any additional Restricted Subsidiary is formed or acquired after the Agreement Date,
(ii) any Restricted Subsidiary ceases to be an Excluded Subsidiary or (iii) the Borrower, at its option, elects to cause a Domestic Subsidiary, or to the extent reasonably acceptable to the Administrative Agent, a Foreign Subsidiary that
is not a Wholly Owned Subsidiary (including any consolidated Affiliate in which the Borrower and its Subsidiaries own no Equity Interest) to become a Subsidiary Credit Party, then, the Borrower will, within 30 days (or such longer period as may be
agreed to by the Administrative Agent in its reasonable discretion) after such newly formed or acquired Restricted Subsidiary is formed or acquired or such Restricted Subsidiary ceases to be an Excluded Subsidiary or the Borrower has made such
election, notify the Administrative Agent thereof, and will cause such Restricted Subsidiary (unless such Restricted Subsidiary is an Excluded Subsidiary) to satisfy the Collateral and Guarantee Requirement with respect to such Restricted Subsidiary
and with respect to any Equity Interest in or Indebtedness of such Restricted Subsidiary owned by or on behalf of any Credit Party within 30 days after such notice (or such longer period as the Administrative Agent shall reasonably agree) and the
Administrative Agent shall have received a completed Perfection Certificate (or supplement thereto) with respect to such Restricted Subsidiary signed by a Responsible Officer, together with all attachments contemplated thereby. 

(b) Within 45 days (or such longer period as otherwise provided in this Agreement or as the Administrative Agent may reasonably agree) after
the Borrower identifies any new Material Subsidiary pursuant to Section 6.4(b), all actions (if any) required to be taken with respect to such Subsidiary in order to satisfy the Collateral and Guarantee Requirement shall have been taken
with respect to such Subsidiary, to the extent not already satisfied pursuant to Section 6.12(a). 

  
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 Notwithstanding the foregoing, in the event any real property would be required to be
mortgaged pursuant to this Section 6.12, the Borrower shall be required to comply with the “Collateral and Guarantee Requirement” as it relates to such real property within 90 days, following the formation or acquisition of
such real property or such Restricted Subsidiary or the identification of such new Material Subsidiary, or such longer time period as agreed by the Administrative Agent in its reasonable discretion. 

Section 6.13 Further Assurances. 

(a) Subject to the last paragraph of the definition of “Collateral and Guarantee Requirement”, the Borrower will, and will cause each
Credit Party to, execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and
other documents), that may be required under any Applicable Law and that the Administrative Agent or the Majority Lenders may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the expense of the
Credit Parties. 
 (b) If, after the Agreement Date, any material assets (other than Excluded Assets), including any owned (but not leased or
ground-leased) Material Real Property or improvements thereto or any interest therein, are acquired by the Borrower or any other Credit Party or are held by any Subsidiary on or after the time it becomes a Credit Party pursuant to
Section 6.12 (other than assets constituting Collateral under a Security Document that become subject to the Lien created by such Security Document upon acquisition thereof or constituting Excluded Assets), the Borrower will notify the
Administrative Agent thereof, and, if requested by the Administrative Agent, the Borrower will cause such assets to be subjected to a Lien securing the Obligations and will take and cause the other Credit Parties to take, such actions as shall be
necessary and reasonably requested by the Administrative Agent to grant and perfect such Liens, including actions described in paragraph (a) of this Section and as required pursuant to the “Collateral and Guarantee Requirement,” all
at the expense of the Credit Parties and subject to the last paragraph of the definition of the term “Collateral and Guarantee Requirement.” In the event any Material Real Property is mortgaged pursuant to this Section 6.13(b),
the Borrower or such other Credit Party, as applicable, shall be required to comply with the “Collateral and Guarantee Requirement” and paragraph (a) of this Section 6.13 within 90 days following the acquisition of such
Material Real Property or such longer time period as agreed by the Administrative Agent in its reasonable discretion. 
 Section 6.14
Designation of Subsidiaries. The Borrower may at any time after the Agreement Date designate any Restricted Subsidiary of the Borrower as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided
that (i) immediately after such designation on a Pro Forma Basis, no Event of Default shall have occurred and be continuing and (ii) no Subsidiary may be designated as an Unrestricted Subsidiary or continue as an Unrestricted Subsidiary if
it is a “Restricted Subsidiary” for the purpose of any other Material Indebtedness of the Borrower. The designation of any Subsidiary as an Unrestricted Subsidiary after the Agreement Date shall constitute an Investment by the Borrower
therein at the date of 

  
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designation in an amount equal to the fair market value of the Borrower’s or its Subsidiary’s (as applicable) investment therein. The designation of any Unrestricted Subsidiary as a
Restricted Subsidiary shall constitute (i) the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time and (ii) a return on any Investment by the Borrower in Unrestricted
Subsidiaries pursuant to the preceding sentence in an amount equal to the fair market value at the date of such designation of the Borrower’s or its Subsidiary’s (as applicable) Investment in such Subsidiary. 

Section 6.15 Certain Post-Closing Obligations. As promptly as practicable, and in any event within the time periods after the
Agreement Date specified in Schedule 6.15 or such later date as the Administrative Agent agrees to in writing, including to reasonably accommodate circumstances unforeseen on the Agreement Date, the Borrower and each other Credit Party shall
deliver the documents or take the actions specified on Schedule 6.15 that would have been required to be delivered or taken on the Agreement Date, in each case except to the extent otherwise agreed by the Administrative Agent pursuant to its
authority as set forth in the definition of the term “Collateral and Guarantee Requirement.” Within five (5) Business Days of the Agreement Date, Borrower shall repay principal of the Term Loan Facility in an amount sufficient that
the aggregate principal amount of the Term Loan Facility does not exceed $200,000,000 after giving effect to such repayment and provide evidence of such repayment to the Administrative Agent. 

Section 6.16 Collateral Locations; Third Party Agreements. All tangible Collateral, other than Collateral in-transit, will at all
times be kept by the Credit Parties at one or more Permitted Locations. 
 Section 6.17 Protection of Collateral. All insurance
expenses and expenses of protecting, storing, warehousing, insuring, handling, maintaining and shipping the Collateral (including, without limitation, all rent payable by any Credit Party to any landlord of any premises where any of the Collateral
may be located), and any and all excise, property, sales, and use taxes imposed by any state, Federal, or local, or other authority on any of the Collateral or in respect of the sale thereof, shall be borne and paid by the Credit Parties. If the
Credit Parties fail to promptly pay any portion thereof when due, the Lenders may, at their option, but shall not be required to, make a Base Rate Advance for such purpose and pay the same directly to the appropriate Person. The Borrower agrees to
reimburse the Lenders promptly therefor with interest accruing thereon daily at the Default Rate provided in this Agreement. All sums so paid or incurred by the Lenders for any of the foregoing and all reasonable costs and expenses (including
attorneys’ fees, attorneys’ expenses, and court costs) which the Lenders may incur in enforcing or protecting the Lien on or rights and interest in the Collateral or any of their rights or remedies under this or any other agreement between
the parties hereto or in respect of any of the transactions to be had hereunder until paid by the Borrower to the Lenders with interest at the Default Rate, shall be considered Obligations owing by the Borrower to the Lenders hereunder. Such
Obligations shall be secured by all Collateral and by any and all other collateral, security, assets, reserves, or funds of the Credit Parties in or coming into the hands or inuring to the benefit of the Lenders. Neither the Administrative Agent nor
the Lenders shall be liable or responsible in any way for the safekeeping of any of the Collateral or for any loss or damage thereto (except for reasonable care in the custody thereof while any Collateral is in the Lenders’ (or any of their
agents’ or bailees’) actual possession) or for any diminution in the value thereof, or for any act or default of any warehouseman, carrier, forwarding agency, or other person whomsoever, but the same shall be at the Credit Parties’
sole risk. 

  
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 Section 6.18 Assignments and Records of Accounts. If so requested by the
Administrative Agent following an Event of Default and during the continuance thereof, each Credit Party shall execute and deliver to the Administrative Agent, for the benefit of the Lender Group, formal written assignments of all of the Accounts
daily, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto. Each Credit Party shall keep accurate and complete (in all material
respects) records of the Accounts and all payments and collections thereon. 
 Section 6.19 Administration of Accounts. 

(a) Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent retains the right to notify the Account
Debtors that the Accounts have been assigned to the Administrative Agent, for the benefit of the Lender Group, and to collect the Accounts directly in its own name and to charge the collection costs and expenses, including attorneys’ fees, to
the Borrower. The Administrative Agent has no duty to protect, insure, collect or realize upon the Accounts or preserve rights in them. Each Credit Party irrevocably makes, constitutes and appoints the Administrative Agent as such Credit
Party’s true and lawful attorney and agent-in-fact to endorse such Credit Party’s name on any checks, notes, drafts or other payments relating to, the Accounts which come into the Administrative Agent’s possession or under the
Administrative Agent’s control as a result of its taking any of the foregoing actions. Additionally, upon the occurrence and during the continuance of an Event of Default, the Administrative Agent, for the benefit of the Lender Group, shall
have the right to collect and settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as the Administrative Agent may deem
advisable, and to charge the deficiencies, reasonable costs and expenses thereof, including attorney’s fees, to the Borrower. 
 (b) If
an Account includes a charge for any tax payable to any governmental taxing authority, the Administrative Agent on behalf of the Lenders is authorized, in its sole discretion, to pay the amount thereof to the proper taxing authority for the account
of the applicable Credit Party and to make a Base Rate Advance to the Borrower to pay therefor. The Credit Parties shall notify the Administrative Agent if any Account includes any tax due to any governmental taxing authority and, in the absence of
such notice, the Administrative Agent shall have the right to retain the full proceeds of the Account and shall not be liable for any taxes to any governmental taxing authority that may be due by any Credit Party by reason of the sale and delivery
creating the Account. 
 (c) Whether or not a Default or Event of Default has occurred, any of the Administrative Agent’s officers,
employees or agents shall have the right after prior notice to the Borrower (which notice shall not, however, be required if an Event of Default then exists), at any time or times hereafter, in the name of the Lenders, or any designee of the Lenders
or the Credit Parties, to verify the validity, amount or other matter relating to any Accounts by mail, telephone, telegraph or otherwise. The Credit Parties shall cooperate fully with the Administrative Agent and the Lenders in an effort to
facilitate and promptly conclude any such verification process. 

  
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 Section 6.20 Cash Management. 

(a) As of the <Agreement>Amendment No. 3 Effective Date, other than with respect to Excluded
Accounts, all deposit accounts, securities accounts, commodities accounts, and other investment accounts of the Credit Parties are listed on Schedule 6.20, and such Schedule designates which such accounts are deposit accounts. 

(b) No Credit Party may (i) open any deposit accounts or securities accounts (other than Excluded Accounts or Term Loan Priority Accounts)
unless on or before the date on which such deposit accounts are opened such deposit accounts become subject to a Controlled Account Agreement or (ii) (A) with respect to deposit accounts or securities accounts acquired in connection with
any Permitted Acquisition, on or after the sixtieth (60th) day (or such later date as the Administrative Agent may approve) following the date of such Permitted Acquisition (provided that such date shall be extended to the 120th day (or
such later date as the Administrative Agent may approve) with respect to such deposit accounts or securities accounts which in the aggregate do not at any time have more than $1,000,000 in cash on deposit therein) maintain any deposit accounts or
securities accounts acquired in connection with such Permitted Acquisition or (B) with respect to any deposit accounts in existence as of the Agreement Date, on or after the ninetieth (90th) day following the Agreement Date (or such later
date as the Administrative Agent may approve) maintain any deposit accounts (other than Excluded Accounts or Term Loan Priority Accounts), in each case, unless such deposit accounts are at all times subject to a Controlled Account Agreement (such
deposit accounts, “Controlled Deposit Accounts”); provided that no Controlled Account Agreements shall be required with respect to securities accounts unless Excess Availability has been less than 50% of Availability for a period of
five (5) consecutive Business Days. 
 (c) The Credit Parties shall: 

(i) establish and thereafter maintain, pursuant to an arrangement reasonably acceptable to the Administrative Agent, one or
more Controlled Deposit Accounts wherein collections, deposits, and other payments with respect to (A) ABL First Lien Collateral, and (B) to the extent such collections, deposits and other payments are not deposited in a Term Loan Priority
Account, Term Loan Collateral, are to be transferred, received or made (each, a “Collections Account”); 

(ii) at all times direct all of their Account Debtors that make payments via wire transfer to direct all wire transfers to a
Collections Account; and 
 (iii) in the event that any Credit Party shall at any time directly receive any remittances of
any Accounts (including, without limitation, any checks, drafts, or other instruments), credit or merchant card collections, or other payments in respect of any Collateral or shall receive any other funds representing proceeds of the Collateral,
promptly deposit the same into a Collections Account. 

  
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 (d) During a Cash Dominion Period: 

(i) The Administrative Agent shall have the right to notify any depositary bank with respect to any Collections Account or
other Controlled Deposit Account that the Administrative Agent is exercising exclusive control with respect thereto and no Credit Party shall have any right to withdraw such amounts from any such Collections Account or Controlled Deposit Account.
Each Credit Party hereby grants its power of attorney to Bank of America (and each of its Affiliates providing the services described in this Section 6.20) to indorse in such Credit Party’s name all tangible items of payment
directed for deposit in a Controlled Deposit Account, Collections Account, or a lockbox and to submit such items for collection, with it being acknowledged and agreed that such power of attorney, being coupled with an interest, is irrevocable until
the full and final payment in cash and performance of all Obligations and the termination of the Commitments; 
 (ii) On each
Business Day the Administrative Agent may, without further consent of any Credit Party, withdraw all immediately available funds in the Collections Accounts and apply the same against the Obligations in the manner provided for in
Section 2.11. 
 (e) On or prior to the date that is one hundred eighty (180) days after the Agreement Date, Credit Parties
shall maintain Bank of America as their principal depository bank, including for maintenance of operating and deposit accounts, lockbox administration, funds transfer, information reporting services and other treasury management services. 

(f) No Credit Party shall hold amounts in any bank account, securities account, commodities account or similar account outside the United
States in excess of $1,000,000 in the aggregate. 
 Section 6.21 Reserved. 

Section 6.22 Anti-Corruption Laws; Sanctions. The Borrower will conduct its business in compliance with applicable Anti-Corruption
Laws, Anti-Terrorism Laws and Sanctions and maintain policies and procedures designed to promote and achieve compliance with such laws. 

ARTICLE 7 
 NEGATIVE COVENANTS

 Until the later of the date the Obligations arising under this Agreement and the other Loan Documents are repaid in full in cash and
the date the Commitments are terminated: 
 Section 7.1 Indebtedness; Certain Equity Securities. 

(a) The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:

 (i) Indebtedness of the Borrower and any of the Restricted Subsidiaries under the Loan Documents (including any
Indebtedness incurred pursuant to Sections 2.2(f)); 

  
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 (ii) (x) Indebtedness outstanding on the Agreement Date and listed on
Schedule 7.1 and any Permitted Refinancing thereof and (y) intercompany Indebtedness outstanding on the Agreement Date and any Permitted Refinancing thereof; provided that all such intercompany indebtedness owing to or from any
Subsidiary that is not a Credit Party shall be listed on Schedule 7.1 and provided further that any such intercompany Indebtedness of any Credit Party owed to any Subsidiary that is not a Credit Party shall be subordinated in right of
payment to the Obligation; 
 (iii) Guarantees by the Borrower and its Restricted Subsidiaries in respect of Indebtedness of
the Borrower or any Restricted Subsidiary otherwise permitted hereunder; provided that (A) such Guarantee is otherwise permitted by Section 7.4, (B) no Guarantee by any Restricted Subsidiary of any Restricted Debt
Financing, shall be permitted unless such Restricted Subsidiary shall have also become a Guarantor of the Obligations and (C) if the Indebtedness being Guaranteed is subordinated to the Obligations, such Guarantee shall be subordinated to the
Guarantee of the Obligations on terms at least as favorable to the Lenders as those contained in the subordination of such Indebtedness; 

(iv) Indebtedness of the Borrower owing to any Restricted Subsidiary or of any Restricted Subsidiary owing to any other
Restricted Subsidiary or the Borrower, to the extent permitted by Section 7.4; provided that all such Indebtedness of any Credit Party owing to any Restricted Subsidiary that is not a Credit Party shall be subordinated to the
Obligations (to the extent any such Indebtedness is outstanding at any time after the date that is thirty (30) days after the Agreement Date or such later date as the Administrative Agent may reasonably agree) (but only to the extent permitted
by Applicable Law and not giving rise to adverse tax consequences) on terms (A) at least as favorable to the Lenders as those set forth in the form of intercompany note attached as Exhibit I or (B) otherwise reasonably satisfactory
to the Administrative Agent; 
 (v) (A) Indebtedness (including Capital Lease Obligations and purchase money
indebtedness) incurred, issued or assumed by the Borrower or any Restricted Subsidiary to finance the acquisition, purchase, lease, construction, repair, replacement or improvement of fixed or capital property, equipment or other assets (other than
Inventory); provided that such Indebtedness is incurred concurrently with or within 270 days after the applicable acquisition, purchase, lease, construction, repair, replacement or improvement, and (B) any Permitted Refinancing of any
Indebtedness set forth in the immediately preceding clause (A) (or successive Permitted Refinancings thereof); provided, further that, at the time of any such incurrence of Indebtedness and after giving Pro Forma Effect thereto
and the use of the proceeds thereof, the aggregate principal amount of Indebtedness that is outstanding in reliance on this clause (v) shall not exceed (A) in the case of Capital Lease Obligations, the greater of (x) $30,000,000 and
(y) 25.0% of Consolidated EBITDA for the most recently ended Test Period as of such time and (B) in the case of all other Indebtedness outstanding in reliance on this clause (v), the greater of (x) $100,000,000 and (y) 60.0% of
Consolidated EBITDA for the most recently ended Test Period as of such time; 

  
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 (vi) Indebtedness in respect of Hedge Agreements incurred in the ordinary
course of business and not for speculative purposes; 
 (vii) (A) Indebtedness of the Borrower, any Restricted
Subsidiary or any Person that becomes a Restricted Subsidiary (or of any Person not previously a Restricted Subsidiary that is merged or consolidated with or into the Borrower or a Restricted Subsidiary) either (a) incurred or issued and/or
(b) assumed after the Agreement Date in connection with any Permitted Acquisition or any other Investment not prohibited by Section 7.4; provided that, with respect to clause (a) above, (i) to the extent such
obligor or guarantor is a Credit Party, such Indebtedness is secured by the Collateral on a pari passu or junior basis (but without regard to control of remedies) with the Obligations, provided that to the extent such Indebtedness is secured
by the ABL First Lien Collateral, it shall be secured on a junior basis and shall be subject to the terms of a Customary Intercreditor Agreement, (ii) after giving effect to each such incurrence and/or issuance of such Indebtedness on a Pro
Forma Basis, the Consolidated Senior Secured Net Leverage Ratio as of such time is less than or equal to either (x) <2.75>3.75 to 1.00 or (y) the Consolidated Senior Secured Net Leverage
Ratio immediately prior to such Permitted Acquisition or Investment (and related issuance and/or incurrence of Consolidated Senior Secured Indebtedness), and (iii) with respect to any such newly incurred Indebtedness, (1) such Indebtedness
does not mature earlier than the then-applicable Maturity Date (except in the case of customary bridge loans which, subject to customary conditions (including no payment or bankruptcy event of default), would either automatically be converted into
or required to be exchanged for permanent refinancing which does not mature earlier than the Maturity Date as of the Agreement Date), (2) such Indebtedness does not have a shorter Weighted Average Life to Maturity than the remaining Term Loans
(except in the case of customary bridge loans which, subject to customary conditions (including no payment or bankruptcy event of default), would either automatically be converted into or required to be exchanged for permanent refinancing
Indebtedness which does not have a shorter Weighted Average Life to Maturity than such remaining Term Loans) and (3) the other terms and conditions of such Indebtedness shall be as determined by the Borrower and the lenders providing such
Indebtedness (subject to the restrictions and exceptions set forth above); and with respect to clause (b) above, such Indebtedness is and remains the obligation of the Person and/or such Person’s subsidiaries that are acquired and such
Indebtedness was not incurred in anticipation of such Permitted Acquisition or Investment; and (B) any Permitted Refinancing of Indebtedness incurred pursuant to the foregoing subclause (A); provided further that the aggregate
principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Credit Party outstanding in reliance on this clause (vii)(A)(a) or (vii)(B) (together with the aggregate principal amount of
Indebtedness incurred in reliance Section 7.1(a)(viii) and outstanding of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Credit Party) shall not exceed, at the time of incurrence thereof and after
giving Pro Forma Effect thereto, the greater of
$<30,000,000>67,000,000
 and 20.0% of Consolidated EBITDA for the most recently ended Test Period as of such time; 

  
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 (viii) (A) Indebtedness of the Borrower, any Restricted Subsidiary or
any Person that becomes a Restricted Subsidiary (or any Person not previously a Restricted Subsidiary that is merged or consolidated with or into the Borrower or a Restricted Subsidiary) either (a) incurred or issued and/or (b) assumed
after the Agreement Date in connection with any Permitted Acquisition or any other Investment not prohibited by Section 7.4; provided that, with respect to clause (a) above, (i) such Indebtedness is unsecured,
(ii) after giving effect to each such incurrence and/or issuance of such Indebtedness on a Pro Forma Basis, the Total Net Leverage Ratio as of such time is either (I) less than or equal to <3.75>5.00 to 1.00 or (II) less than or equal to the Total Net Leverage Ratio immediately prior to such Permitted Acquisition or Investment (and related incurrence and/or issuance of Indebtedness) and (iii) with
respect to any such newly incurred Indebtedness, (1) such Indebtedness does not mature earlier than the then-applicable Maturity Date (except in the case of customary bridge loans which, subject to customary conditions (including no payment or
bankruptcy event of default), would either automatically be converted into or required to be exchanged for permanent refinancing which does not mature earlier than the then-applicable Maturity Date), (2) such Indebtedness does not have a
shorter Weighted Average Life to Maturity than the remaining Term Loans (except in the case of customary bridge loans which, subject to customary conditions (including no payment or bankruptcy event of default), would either automatically be
converted into or required to be exchanged for permanent refinancing Indebtedness which does not have a shorter Weighted Average Life to Maturity than such remaining Term Loans) and (3) the other terms and conditions of such Indebtedness shall
be as determined by the Borrower and the lenders providing such Indebtedness (subject to the restrictions and exceptions set forth above); and with respect to clause (b) above, such Indebtedness is and remains the obligation of the
Person and/or such Person’s subsidiaries that are acquired and such Indebtedness was not incurred in anticipation of such Permitted Acquisition or Investment and to the extent such Person and/or such Person’s subsidiaries are a Credit
Party, such Indebtedness is secured, if at all, by the ABL First Lien Collateral on a junior basis with the Obligations and is subject to the terms of a Customary Intercreditor Agreement; and (B) any Permitted Refinancing of Indebtedness
incurred pursuant to the foregoing subclause (A); provided further that the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Credit Party outstanding in
reliance on this clause (viii)(A)(a) or (viii)(B) (solely with respect to any Permitted Refinancing of any Indebtedness incurred pursuant to clause (viii)(A)(a)) (together with the aggregate principal amount of Indebtedness incurred in reliance
Section 7.1(a)(vii) and outstanding of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Credit Party) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the
greater of
$<30,000,000>67,000,000
 and 20.0% of Consolidated EBITDA for the most recently ended Test Period as of such time; 

(ix) Settlement Indebtedness; 

(x) Indebtedness in respect of Bank Product Obligations and other Indebtedness in respect of netting services, automated
clearinghouse arrangements, overdraft protections and similar arrangements, in each case, in connection with deposit accounts or from the honoring of a bank or other financial institution of a check, draft or similar instrument drawn against
insufficient funds in the ordinary course of business; 

  
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 (xi) Indebtedness consisting of obligations under deferred compensation
(including indemnification obligations, obligations in respect of purchase price adjustments, earn-outs, incentive non-competes and other contingent obligations) or other similar arrangements incurred or assumed in connection with any Permitted
Acquisition, any other Investment or any Disposition, in each case, permitted under this Agreement; 
 (xii) Indebtedness of
the Borrower or any of the Restricted Subsidiaries or any Person that becomes a Restricted Subsidiary after the Agreement Date (or of any Person not previously a Restricted Subsidiary that is merged or consolidated with or into the Borrower or a
Restricted Subsidiary); provided that, at the time of the incurrence thereof and after giving Pro Forma Effect thereto, the aggregate principal amount of Indebtedness outstanding in reliance on this clause (xii) shall not exceed the
greater of
$<70,000,000>167,500,000
 and 50.0% of Consolidated EBITDA for the most recently ended Test Period as of such time; 

(xiii) (A) unlimited Indebtedness of the Borrower or any of the Restricted Subsidiaries or any Person that becomes a
Restricted Subsidiary after the Agreement Date (or of any Person not previously a Restricted Subsidiary that is merged or consolidated with or into the Borrower or a Restricted Subsidiary) so long as, after giving effect to the incurrence of such
Indebtedness on a Pro Forma Basis, the Total Net Leverage Ratio as of such time is less than or equal to <3.75>5.00 to 1.00 and (B) any Permitted Refinancing of Indebtedness
incurred pursuant to the foregoing subclause (A); provided further that the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Credit Party outstanding in
reliance on this clause (xiii) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the greater of
$<30,000,000>67,000,000
 and 20.0% of Consolidated EBITDA for the most recently ended Test Period as of such time; 

(xiv) Indebtedness of the Borrower or any of the Restricted Subsidiaries in an aggregate principal amount not greater than the
aggregate amount of cash contributions made to the capital of the Borrower or any other Restricted Subsidiary (to the extent Not Otherwise Applied) after the Agreement Date; provided that (i) the aggregate principal amount of
Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Credit Party outstanding in reliance on this clause (xiv) (together with the aggregate principal amount of Indebtedness incurred in reliance on
Section 7.1(a)(xiii) and (ii) outstanding of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Credit Party) shall not exceed, at the time of incurrence thereof, the greater of $<20,000,000>33,500,000
 and 10.0% of Consolidated EBITDA for the most recently Test Period as of such time; 

(xv) Indebtedness consisting of (A) the financing of insurance premiums or (B) take-or-pay obligations contained in
supply arrangements, in each case, in the ordinary course of business; 
 (xvi) Indebtedness supported by a letter of credit,
in a principal amount not to exceed the face amount of such letter of credit; 

  
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 (xvii) Indebtedness consisting of (A) Permitted Term Debt and any
Permitted Refinancing thereof or (B) the 2028 Notes and any Permitted Refinancing thereof; 
 (xviii) Indebtedness of
any Restricted Subsidiary that is not a Credit Party; provided that the aggregate principal amount of Indebtedness of which the primary obligor or a guarantor is a Restricted Subsidiary that is not a Credit Party outstanding in reliance of
this clause (xxi) shall not exceed, at the time of incurrence thereof and after giving Pro Forma Effect thereto, the greater of
$<20,000,000>33,500,000
 and 10.0% of Consolidated EBITDA for the most recently ended Test Period; 

(xix) Indebtedness incurred by the Borrower or any of the Restricted Subsidiaries in respect of letters of credit, bank
guarantees, warehouse receipts, bankers’ acceptances or similar instruments issued or created in the ordinary course of business or consistent with past practice, including in respect of workers compensation claims, health, disability or other
employee benefits or property, casualty or liability insurance or self-insurance or other reimbursement-type obligations regarding workers compensation claims; 

(xx) Indebtedness and obligations in respect of self-insurance and obligations in respect of performance, bid, appeal and
surety bonds and performance and completion guarantees and similar obligations provided by the Borrower or any Restricted Subsidiary or obligations in respect of letters of credit, bank guarantees or similar instruments related thereto, in each
case, in the ordinary course of business or consistent with past practice; 
 (xxi) (x) Indebtedness representing
deferred compensation or stock-based compensation owed to employees, consultants or independent contractors of the Borrower or its Restricted Subsidiaries incurred in the ordinary course of business or consistent with past practice and
(y) Indebtedness consisting of obligations of the Borrower or its Restricted Subsidiaries under deferred compensation to employees, consultants or independent contractors of the Borrower or its Restricted Subsidiaries or other similar
arrangements incurred by such Persons in connection with the Transactions and Permitted Acquisitions or any other Investment permitted by this Agreement; 

(xxii) Indebtedness consisting of promissory notes issued by the Borrower or any Restricted Subsidiary to future, current or
former officers, directors, employees, managers and consultants or their respective estates, spouses or former spouses, successors, executors, administrators, heirs, legatees or distributees, in each case to finance the purchase or redemption of
Equity Interests of the Borrower to the extent permitted by Section 7.7(a); 
 (xxiii) (x) Indebtedness in
respect of obligations of the Borrower or any Restricted Subsidiary to pay the deferred purchase price of goods or services or progress payments in connection with such goods and services; provided that such obligations are incurred in
connection with open accounts extended by suppliers on customary trade terms in the ordinary course of business and not in connection with the borrowing of money and 

  
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(y) Indebtedness in respect of intercompany obligations of the Borrower or any Restricted Subsidiary in respect of accounts payable incurred in connection with goods sold or services
rendered in the ordinary course of business and not in connection with the borrowing of money; 
 (xxiv) Indebtedness to a
customer to finance the acquisition of any equipment necessary to perform services for such customer; provided that the terms of such Indebtedness are consistent with those entered into with respect to similar Indebtedness prior to the
Agreement Date, including that (x) the repayment of such Indebtedness is conditional upon such customer ordering a specific volume of goods and (y) such Indebtedness does not bear interest or provide for scheduled amortization or maturity;

 (xxv) Indebtedness incurred in connection with any sale-leaseback transaction; 

(xxvi) unsecured Indebtedness of the Borrower or any Restricted Subsidiary incurred at any time when the Payment Conditions are
satisfied, provided that such Indebtedness does not mature, or require any principal amortization, until the date that is 180 days after the then-applicable Maturity Date; and 

(xxvii) all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or
contingent interest on obligations described in clauses (i) through (xxvi) above. 
 (b) The Borrower will not, and will not permit
any Restricted Subsidiary to, issue any preferred Equity Interests or any Disqualified Equity Interests, except (A) in the case of the Borrower, preferred Equity Interests that are Qualified Equity Interests and (B) (x) preferred
Equity Interests issued to and held by the Borrower or any Restricted Subsidiary and (y) preferred Equity Interests issued to and held by joint venture partners after the Agreement Date; provided that in the case of this clause
(y) any such issuance of preferred Equity Interests shall be deemed to be incurred Indebtedness and subject to the provisions set forth in Section 7.1(a). 

Section 7.2 Liens. The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to
exist any Lien on any property or asset now owned (but not leased) or hereafter acquired (but not leased) by it, except: 
 (a) Liens created
under the Loan Documents; 
 (b) Permitted Encumbrances; 

(c) Liens existing on the Agreement Date; provided that any Lien securing Indebtedness or other obligations in excess of $5,000,000
individually shall only be permitted if set forth on Schedule 7.2 (unless such Lien is permitted by another clause in this Section 7.2) and any modifications, replacements, renewals or extensions thereof; provided
further that such modified, replacement, renewal or extension Lien does not extend to any additional property other than (1) after-acquired property that is affixed or incorporated into the property covered by such Lien or financed by
Indebtedness permitted under Section 7.1 and (2) proceeds and products thereof; 

  
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 (d) Liens securing Indebtedness permitted under Section 7.1(a)(v);
provided that (A) such Liens attach concurrently with or within 270 days after the acquisition, repair, replacement, construction or improvement (as applicable) of the property subject to such Liens, (B) such Liens do not at any
time encumber any property other than the property financed by such Indebtedness except for replacements, additions, accessions and improvements to such property and the proceeds and the products thereof, and any lease of such property (including
accessions thereto) and the proceeds and products thereof and customary security deposits and (C) with respect to Capital Lease Obligations, such Liens do not at any time extend to or cover any assets (except for replacements, additions,
accessions and improvements to or proceeds of such assets) other than the assets subject to such Capital Lease Obligations; provided further that individual financings of equipment provided by one lender may be cross collateralized to
other financings of equipment provided by such lender; 
 (e) (i) easements, leases, licenses, subleases or sublicenses granted to
others (including licenses and sublicenses of Intellectual Property) that do not (A) interfere in any material respect with the business of the Borrower and its Restricted Subsidiaries, taken as a whole, or (B) secure any Indebtedness and
(ii) any interest or title of a lessor or licensee under any lease (including financing statements regarding property subject to lease) or license entered into by the Borrower or any Restricted Subsidiary not in violation of this Agreement;
provided that with respect to this clause (ii), such Liens are only in respect of the property subject to, and secure only, the respective lease (and any other lease with the same or an affiliated lessor); 

(f) 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; 
 (g) Liens (A) of a collection bank arising under Section 4-210 of the Uniform Commercial Code, or any
comparable or successor provision, on items in the course of collection; (B) attaching to pooling, commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business; or (C) in favor of a banking
or other financial institution or entity, or electronic payment service provider, encumbering deposits (including the right of setoff); 

(h) Liens (A) on cash advances or escrow deposits in favor of the seller of any property to be acquired in an Investment permitted
pursuant to Section 7.4 to be applied against the purchase price for such Investment or otherwise in connection with any escrow arrangements with respect to any such Investment or any Disposition permitted under Section 7.5
(including any letter of intent or purchase agreement with respect to such Investment or Disposition), or (B) consisting of an agreement to dispose of any property in a Disposition permitted under Section 7.5, in each case, solely
to the extent such Investment or Disposition, as the case may be, would have been permitted on the date of the creation of such Lien; 
 (i)
Liens on property or other assets of any Restricted Subsidiary that is not a Credit Party, which Liens secure Indebtedness of such Restricted Subsidiary or another Restricted Subsidiary that is not a Credit Party, in each case permitted under
Section 7.1(a); 
 (j) Liens granted by a Restricted Subsidiary that is not a Credit Party in favor of any Restricted Subsidiary
and Liens granted by a Credit Party in favor of any other Credit Party; 

  
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 (k) Liens existing on property or other assets at the time of its acquisition or existing on
the property or other assets of any Person at the time such Person becomes a Restricted Subsidiary, in each case after the Agreement Date and any modifications, replacements, renewals or extensions thereof; provided that (A) such Lien
was not created in contemplation of such acquisition or such Person becoming a Restricted Subsidiary, and (B) such Lien does not extend to or cover any (i) Accounts or Inventory or (ii) other assets or property (other than with
respect to this clause (ii) any replacements of such property or assets and additions and accessions thereto, the proceeds or products thereof and other than after-acquired property subject to a Lien securing Indebtedness and other obligations
incurred prior to such time and which Indebtedness and other obligations are permitted hereunder that require or include, pursuant to their terms at such time, a pledge of after-acquired property, it being understood that such requirement shall not
be permitted to apply to any property to which such requirement would not have applied but for such acquisition); 
 (l) rights of consignors
of goods, whether or not perfected by the filing of a financing statement or other registration, recording or filing; 
 (m) Liens arising
out of conditional sale, title retention, consignment or similar arrangements for sale or purchase of goods by any of the Borrower or any Restricted Subsidiaries in the ordinary course of business; 

(n) Liens deemed to exist in connection with Investments in repurchase agreements under clause (e) of the definition of the term
“Permitted Investments”; 
 (o) Liens encumbering reasonable customary initial deposits and margin deposits and similar Liens
attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business and not for speculative purposes; 

(p) Liens that are contractual rights of setoff (A) relating to the establishment of depository relations with banks not given in
connection with the incurrence of Indebtedness, (B) relating to pooled deposit or sweep accounts to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Borrower and its Restricted
Subsidiaries or (C) relating to purchase orders and other agreements entered into with customers of the Borrower or any Restricted Subsidiary in the ordinary course of business; 

(q) ground leases in respect of real property on which facilities owned or leased by the Borrower or any of the Restricted Subsidiaries are
located; 
 (r) Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto; 

(s) Liens securing Indebtedness permitted under Sections 7.1(a)(xix) or 7.1(a)(xx); 

(t) Liens on real property other than the Mortgaged Properties; 

(u) Settlement Liens; 

  
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 (v) Liens securing Indebtedness permitted under Sections 7.1(a)(vii),
(viii) or (xii) (so long as with respect to clause (xii) such Indebtedness is to a Customary Intercreditor Agreement, to the extent the Lien extends to the ABL First Lien Collateral); 

(w) Liens securing Indebtedness permitted under Section 7.1(a)(xiii); provided that (x) after giving effect to the
incurrence of such Indebtedness on a Pro Forma Basis, the Consolidated Senior Secured Net Leverage Ratio as of such time is less than or equal to
<2.75>3.75
 to 1.00 and (y) such Indebtedness shall be subject to a Customary Intercreditor Agreement; 

(x) Liens on cash and Permitted Investments used to satisfy or discharge Indebtedness; provided such satisfaction or discharge is
permitted hereunder; 
 (y) Receipt of progress payments and advances from customers in the ordinary course of business to the extent the
same creates a Lien on the related inventory and proceeds thereof; 
 (z) Liens on Equity Interests of any joint venture or Unrestricted
Subsidiary (a) securing obligations of such joint venture or Unrestricted Subsidiary or (b) pursuant to the relevant joint venture agreement or arrangement; 

(aa) Liens on cash or Permitted Investments securing Hedge Agreements in the ordinary course of business submitted for clearing in accordance
with Applicable Law; provided that the aggregate outstanding amount of obligations secured by Liens existing in reliance on this clause (xxvii) shall not exceed $25,000,000; 

(bb) other Liens so long as such Liens are subject to a Customary Intercreditor Agreement, to the extent the Lien extends to the ABL First Lien
Collateral; provided that at the time of the granting thereof and after giving Pro Forma Effect to any such Lien and the obligations secured thereby (including the use of proceeds thereof) the lesser of (x) the aggregate outstanding face
amount of obligations secured by Liens existing in reliance on this clause (xxviii) and (y) the fair market value of the assets securing such obligations shall not exceed the greater of $<35,000,000>167,500,000
 and
<25.0>50.0
% of Consolidated EBITDA for the Test Period then last ended; 
 (cc) Liens
securing Indebtedness permitted under Section 7.1(a)(xvii) so long as such Liens are subject to a Customary Intercreditor Agreement; and 

(dd) Liens in connection with sale-leaseback transactions. 

Section 7.3 Fundamental Changes. The Borrower will not, and will not permit any other Restricted Subsidiary to, merge into or
consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or liquidate or dissolve (which, for the avoidance of doubt, shall not restrict the Borrower or any Restricted Subsidiary from changing its
organizational form), except that: 

  
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 (a) any Restricted Subsidiary may merge or consolidate with (A) the Borrower;
provided that the Borrower shall be the continuing or surviving Person, or (B) any one or more other Restricted Subsidiaries; provided that when any Subsidiary Credit Party is merging or consolidating with another Restricted
Subsidiary (1) the continuing or surviving Person shall be a Subsidiary Credit Party or (2) if the continuing or surviving Person is not a Subsidiary Credit Party, the acquisition of such Subsidiary Credit Party by such surviving
Restricted Subsidiary is otherwise permitted under Section 7.4; 
 (b) (i) any Restricted Subsidiary that is not a Credit
Party may merge or consolidate with or into any other Restricted Subsidiary that is not a Credit Party and (ii) any Restricted Subsidiary may liquidate or dissolve or change its legal form if the Borrower determines in good faith that such
action is in the best interests of the Borrower and its Restricted Subsidiaries and is not materially disadvantageous to the Lenders; 
 (c)
any Restricted Subsidiary may make a Disposition of all or substantially all of its assets (upon voluntary liquidation or otherwise) to the Borrower or another Restricted Subsidiary; provided that if the transferor in such a transaction is a
Credit Party, then (A) the transferee must be a Credit Party, (B) to the extent constituting an Investment, such Investment is a permitted Investment in a Restricted Subsidiary that is not a Credit Party in accordance with
Section 7.4 or (C) to the extent constituting a Disposition to a Restricted Subsidiary that is not a Credit Party, such Disposition is for fair market value (as determined in good faith by the Borrower) and any promissory note or
other non-cash consideration received in respect thereof is a permitted Investment in a Restricted Subsidiary that is not a Credit Party in accordance with Section 7.4; 

(d) the Borrower may merge or consolidate with (or Dispose of all or substantially all of its assets to) any other Person; provided that
(A) the Borrower shall be the continuing or surviving Person or (B) if the Person formed by or surviving any such merger or consolidation is not the Borrower or is a Person into which the Borrower has been liquidated (or, in connection
with a Disposition of all or substantially all of the Borrower’s assets, if the transferee of such assets) (any such Person, the “Successor Borrower”), (1) the Successor Borrower shall be an entity organized or existing
under the laws of a state of the United States, (2) the Successor Borrower shall expressly assume all the obligations of the Borrower under this Agreement and the other Loan Documents to which the Borrower is a party pursuant to a supplement
hereto or thereto in form and substance reasonably satisfactory to the Administrative Agent, (3) each Credit Party other than the Borrower, unless it is the other party to such merger or consolidation, shall have reaffirmed, pursuant to an
agreement in form and substance reasonably satisfactory to the Administrative Agent, that its Guarantee of and grant of any Liens as security for the Obligations shall apply to the Successor Borrower’s obligations under this Agreement,
(4) the Borrower shall have delivered to the Administrative Agent a certificate of a Responsible Officer and an opinion of counsel, each stating that such merger or consolidation complies with this Agreement and (5) the Borrower has
provided all documentation and other information about the Successor Borrower as shall have been requested in writing by any Lender through the Administrative Agent that such Lender shall have determined in its sole discretion is required under such
Lender’s applicable “know your customer” requirements and Anti-Corruption Laws and Anti-Terrorism Laws; 
 (e) any Restricted
Subsidiary may merge, consolidate or amalgamate with any other Person in order to effect an Investment permitted pursuant to Section 7.4; provided that the continuing or surviving Person shall be the Borrower or a Restricted
Subsidiary, which together with each of the Restricted Subsidiaries, shall have complied with the requirements of Sections 6.12 and 6.13; and 

  
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 (f) any Restricted Subsidiary may effect a merger, dissolution, liquidation consolidation or
amalgamation to effect a Disposition permitted pursuant to Section 7.5. 
 Section 7.4 Investments, Loans, Advances,
Guarantees and Acquisitions. The Borrower will not, and will not permit any Restricted Subsidiary to, make or hold any Investment, except: 

(a) Permitted Investments at the time such Permitted Investment is made and purchases of assets, in the ordinary course of business consistent
with past practice; 
 (b) loans, advances and other credit extensions to officers, members of the Board of Directors and employees of the
Borrower and its Restricted Subsidiaries (i) for reasonable and customary business-related travel, entertainment, relocation (including moving expenses and costs of replacement homes), business machines or supplies, automobiles and analogous
ordinary business purposes, (ii) in connection with such Person’s purchase of Equity Interests of the Borrower (provided that the amount of such loans and advances made in cash to such Person shall be contributed to the Borrower in
cash as common equity or Qualified Equity Interests) and (iii) for purposes not described in the foregoing clauses (i) and (ii), in an aggregate principal amount outstanding under this clause (iii) at any time not to exceed
$40,000,000; 
 (c) Investments by the Borrower in any Restricted Subsidiary and Investments by any Restricted Subsidiary in any of the
Borrower or any other Restricted Subsidiary; provided that, in the case of any Investment by a Credit Party in a Restricted Subsidiary that is not a Credit Party, (i) at the time of any such Investment and after giving effect thereto, no
Event of Default exists or would result therefrom, and (ii) the aggregate principal amount of such Investments outstanding at any time shall not exceed the greater of
$<50,000,000>134,000,000
 and 40% of Consolidated EBITDA for the most recently ended Test Period as of such time; 

(d) Investments consisting of (i) extensions of trade credit and accommodation guarantees in the ordinary course of business and
(ii) loans and advances to customers; provided that the aggregate principal amount of such loans and advances outstanding under this clause (ii) at any time shall not exceed $10,000,000; 

(e) Investments (i) existing or contemplated on the Agreement Date and set forth on Schedule 7.4(e) and any modification,
replacement, renewal, reinvestment or extension thereof and (ii) Investments existing on the Agreement Date by the Borrower or any Restricted Subsidiary in the Borrower or any Restricted Subsidiary and any modification, renewal or extension
thereof; provided that the amount of the original Investment is not increased except by the terms of such Investment to the extent as set forth on Schedule 7.4(e) or as otherwise permitted by this Section 7.4; 

(f) Investments in Hedge Agreements incurred in the ordinary course of business and not for speculative purposes; 

  
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 (g) promissory notes and other non-cash consideration received in connection with
Dispositions permitted by Section 7.5; 
 (h) Permitted Acquisitions; 

(i) the Transactions; 
 (j)
Investments in the ordinary course of business consisting of Uniform Commercial Code Article 3 endorsements for collection or deposit and Uniform Commercial Code Article 4 customary trade arrangements with customers in the ordinary course of
business; 
 (k) Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy or reorganization
of suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers or upon the foreclosure with respect to any secured Investment or other transfer of title with respect to any secured
Investment; 
 (l) loans and advances to the Borrower (x) in lieu of, and not in excess of the amount of (after giving effect to any
other loans, advances or Restricted Payments in respect thereof), Restricted Payments to the extent permitted to be made to the Borrower in accordance with Section 7.7(a) and (y) to the extent the proceeds thereof are contributed or
loaned or advanced to any Restricted Subsidiary; 
 (m) additional Investments and other acquisitions; provided that at the time any
such Investment or other acquisition is made, the aggregate outstanding amount of such Investment or acquisition made in reliance on this clause (m), together with the aggregate amount of all consideration paid in connection with all other
Investments and acquisitions made in reliance on this clause (m) (including the aggregate principal amount of all Indebtedness assumed in connection with any such other Investment or acquisition previously made under this clause (m)), shall not
exceed the sum of (A) the greater of
$<50,000,000>251,250,000
 and
<40.0>75.0
% of Consolidated EBITDA for the most recently ended Test Period after giving Pro Forma Effect to the making of such Investment or other acquisition, plus (B) the Available Equity Amount that
is Not Otherwise Applied as in effect immediately prior to the time of making of such Investment; 
 (n) advances of payroll payments
to employees in the ordinary course of business; 
 (o) Investments and other acquisitions to the extent that payment for such Investments is
made with Qualified Equity Interests of the Borrower; 
 (p) Investments of a Subsidiary acquired after the Agreement Date or of a Person
merged or consolidated with any Subsidiary in accordance with this Section 7.4 and Section 7.3 after the Agreement Date or that otherwise becomes a Subsidiary (provided that if such Investment is made under
Section 7.4(h), existing Investments in subsidiaries of such Subsidiary or Person shall comply with the requirements of Section 7.4(h)) to the extent that such Investments were not made in contemplation of or in connection
with such acquisition, merger or consolidation and were in existence on the date of such acquisition, merger or consolidation; 

  
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 (q) receivables owing to the Borrower or any Restricted Subsidiary, if created or acquired
in the ordinary course of business; 
 (r) Investments (A) for utilities, security deposits, leases and similar prepaid expenses
incurred in the ordinary course of business and (B) trade accounts created, or prepaid expenses accrued, in the ordinary course of business; 

(s) non-cash Investments in connection with tax planning and reorganization activities; provided that after giving effect to any such
activities, the security interests of the Lenders in the Collateral, taken as a whole, would not be materially impaired; 
 (t) additional
Investments so long as at the time of any such Investment and after giving effect thereto, Payment Conditions are satisfied; 
 (u)
Investments consisting of Indebtedness, Liens, fundamental changes, Dispositions and Restricted Payments permitted (other than by reference to this Section 7.4(u)) under Sections 7.1, 7.2, 7.3, 7.5 and
7.7, respectively; 
 (v) contributions to a “rabbi” trust for the benefit of employees, directors, consultants, independent
contractors or other service providers or other grantor trust subject to claims of creditors in the case of a bankruptcy of the Borrower; 

(w) to the extent that they constitute Investments, purchases and acquisitions of inventory, supplies, materials or equipment or purchases,
acquisitions, licenses or leases of other assets, Intellectual Property, or other rights, in each case in the ordinary course of business; 

(x) any Investment in any Subsidiary or any joint venture in connection with intercompany cash management arrangements or related activities
arising in the ordinary course of business; 
 (y) Investments by an Unrestricted Subsidiary entered into prior to the day such Unrestricted
Subsidiary is redesignated as a Restricted Subsidiary pursuant to the definition of “Unrestricted Subsidiary”; 
 (z)
[reserved]; 
 (aa) Investments in the ordinary course of business in connection with Settlements; 

(bb) Investments arising as a result of sale-leaseback transactions; and 

(cc) Investments in joint ventures and Subsidiaries that are not Guarantors in an aggregate principal amount outstanding at any time not to
exceed the greater of
$<75,000,000>67,000,000
 and 20.0% of Consolidated EBITDA for the most recently ended Test Period as of such time so long as at the time of any such Investment and after giving effect thereto, no Event of Default exists
or would result therefrom. 

  
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 Section 7.5 Asset Sales. The Borrower will not, and will not permit any
Restricted Subsidiary to, (i) voluntarily sell, transfer, lease or otherwise dispose of any asset, including any Equity Interest owned by it or (ii) permit any Restricted Subsidiary to issue any additional Equity Interest in such
Restricted Subsidiary (other than issuing directors’ qualifying shares, nominal shares issued to foreign nationals to the extent required by applicable Requirements of Law and other than issuing Equity Interests to the Borrower or a Restricted
Subsidiary in compliance with Section 7.4(c)) (each, a “Disposition” and the term “Dispose” as a verb has the corresponding meaning), except: 

(a) Dispositions of obsolete, damaged, used, surplus or worn out property (other than surplus Inventory sold outside the ordinary course of
business), whether now owned or hereafter acquired, and Dispositions of non-core assets or property, (including assets or property no longer used or useful, or economically practicable to maintain, in the conduct of the core or principal business of
the Borrower and its Restricted Subsidiaries) (including allowing any registration or application for registration of any Intellectual Property that is no longer used or useful, or economically practicable to maintain, to lapse, go abandoned, or be
invalidated); 
 (b) Dispositions of inventory and other assets (including Settlement Assets) in the ordinary course of business or
consistent with past practice or held for sale or no longer used in the ordinary course of business and immaterial assets (considered in the aggregate) in the ordinary course of business; 

(c) Dispositions of property to the extent that (i) such property is exchanged for credit against the purchase price of similar
replacement property or (ii) an amount equal to Net Proceeds of such Disposition are promptly applied to the purchase price of such replacement property; 

(d) Dispositions of property to the Borrower or a Restricted Subsidiary; provided that if the transferor in such a transaction is a
Credit Party, then either (i) the transferee must be a Credit Party, (ii) to the extent constituting an Investment, such Investment must be a permitted Investment in a Restricted Subsidiary that is not a Credit Party in accordance with
Section 7.4 or (iii) to the extent constituting a Disposition to a Restricted Subsidiary that is not a Credit Party, such Disposition is for fair market value (as determined in good faith by the Borrower) and any promissory note or
other non-cash consideration received in respect thereof is a permitted investment in a Restricted Subsidiary that is not a Credit Party in accordance with Section 7.4 and to the extent such Disposition includes ABL First Lien Collateral
with a fair market value in excess of $5,000,000 individually or in the aggregate, the Borrower shall have provided an updated Borrowing Base Certificate prepared on a Pro Forma Basis for such Disposition to the Administrative Agent; 

(e) Dispositions permitted by Section 7.3, Investments permitted by Section 7.4, Restricted Payments permitted by
Section 7.7 and Liens permitted by Section 7.2; 
 (f) Dispositions of property acquired by the Borrower or any of
the Restricted Subsidiaries pursuant to sale-leaseback transactions; 
 (g) Dispositions of Permitted Investments; 

  
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 (h) Dispositions or forgiveness of accounts receivable in the ordinary course of business in
connection with the collection or compromise thereof (including sales to factors or other third parties); 
 (i) leases, subleases, service
agreements, product sales, licenses or sublicenses (including licenses and sublicenses of Intellectual Property), in each case that do not materially interfere with the business of the Borrower and its Restricted Subsidiaries, taken as a whole; 

(j) transfers of property subject to Casualty Events; 

(k) Dispositions of property to Persons other than Restricted Subsidiaries (including the sale or issuance of Equity Interests of a Restricted
Subsidiary) for fair market value (as determined by a Responsible Officer of the Borrower in good faith) not otherwise permitted under this Section 7.5; provided that (a) with respect to any Disposition pursuant to this
clause (k) for a purchase price in excess of $50,000,000, the Borrower or any Restricted Subsidiary shall receive not less than 75% of such consideration in the form of cash or Permitted Investments and (b) to the extent such Disposition
includes ABL First Lien Collateral with a fair market value in excess of $5,000,000 individually or in the aggregate, the Borrower shall have provided an updated Borrowing Base Certificate prepared on a Pro Forma Basis for such Disposition to the
Administrative Agent; provided, however, that solely for the purposes of this clause (k), (A) any liabilities (as shown on the most recent balance sheet of the Borrower or such Restricted Subsidiary or in the footnotes thereto) of
the Borrower or such Restricted Subsidiary, other than liabilities that are by their terms subordinated in right of payment to the Loan Document Obligations, that are assumed by the transferee with respect to the applicable Disposition and for which
the Borrower and all of the Restricted Subsidiaries shall have been validly released by all applicable creditors in writing, shall be deemed to be cash, (B) any securities, notes or other obligations or assets received by the Borrower or such
Restricted Subsidiary from such transferee that are converted by the Borrower or such Restricted Subsidiary into cash or Permitted Investments (to the extent of the cash or Permitted Investments received) within one hundred and eighty
(180) days following the closing of the applicable Disposition, shall be deemed to be cash, (C) Indebtedness of any Restricted Subsidiary that ceases to be a Restricted Subsidiary as a result of such Disposition (other than intercompany
debt owed to the Borrower or its Restricted Subsidiaries), to the extent that the Borrower and all of the Restricted Subsidiaries (to the extent previously liable thereunder) are released from any guarantee of payment of the principal amount of such
Indebtedness in connection with such Disposition, shall be deemed to be cash and (D) any Designated Non-Cash Consideration received by the Borrower or such Restricted Subsidiary in respect of such Disposition having an aggregate fair market
value (as determined by a Responsible Officer of the Borrower in good faith), taken together with all other Designated Non-Cash Consideration received pursuant to this clause (k) that is at that time outstanding, not in excess of $50,000,000 at
the time of the receipt of such Designated Non-Cash Consideration, with the fair market value (as determined in good faith by the Borrower) of each item of Designated Non-Cash Consideration being measured at the time received and without giving
effect to subsequent changes in value, shall be deemed to be cash; 
 (l) Dispositions of Investments in joint ventures to the extent
required by, or made pursuant to customary buy/sell arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements; 

  
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 (m) Dispositions of any assets (including Equity Interests) (A) acquired in connection
with any Permitted Acquisition or other Investment not prohibited hereunder, which assets are not used or useful to the core or principal business of the Borrower and its Restricted Subsidiaries and/or (B) made to obtain the approval of any
applicable antitrust authority in connection with a Permitted Acquisition; 
 (n) transfers of condemned property as a result of the exercise
of “eminent domain” or other similar powers to the respective Governmental Authority or agency that has condemned the same (whether by deed in lieu of condemnation or otherwise), and transfers of property arising from foreclosure or
similar action or that have been subject to a casualty to the respective insurer of such real property as part of an insurance settlement; and 

(o) any Disposition of the Equity Interests of any Immaterial Subsidiary or Unrestricted Subsidiary. 

Section 7.6 Lines of Business. The Borrower and its Restricted Subsidiaries, taken as a whole, will not fundamentally and
substantively alter the character of their business, taken as a whole, from the business conducted by them on the Agreement Date and other business activities which are extensions thereof (including any new product lines or manufacturing or
distribution of product lines) or otherwise incidental, reasonably related or ancillary to any of the foregoing. 
 Section 7.7
Restricted Payments; Certain Payments of Indebtedness. 
 (a) The Borrower will not, and will not permit any Restricted Subsidiary to,
declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except: 
 (i) each Restricted
Subsidiary may make Restricted Payments to the Borrower or any other Restricted Subsidiary; provided that in the case of any such Restricted Payment by a Restricted Subsidiary that is not a Wholly Owned Subsidiary, such Restricted Payment is
made to the Borrower, any Restricted Subsidiary and to each other owner of Equity Interests of such Restricted Subsidiary based on their relative ownership interests of the relevant class of Equity Interests; 

(ii) the Borrower and each Restricted Subsidiary may declare and make dividend payments or other distributions payable solely
in the Equity Interests of such Person; 
 (iii) Restricted Payments made to consummate the Transactions; 

(iv) repurchases of Equity Interests in the Borrower or any Restricted Subsidiary deemed to occur upon exercise of stock
options or warrants if such Equity Interests represent a portion of the exercise price or withholding taxes payable in connection with the exercise of such options or warrants or other incentive interests; 

(v) Restricted Payments to the Borrower, which the Borrower may use to redeem, acquire, retire, repurchase or settle its Equity
Interests (or any options, warrants, restricted stock or stock appreciation rights or similar securities issued with respect to any such Equity Interests) or Indebtedness or to service Indebtedness incurred by the Borrower

  
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to finance the redemption, acquisition, retirement, repurchase or settlement of such Equity Interest or Indebtedness, held directly or indirectly by current or former officers, managers,
consultants, members of the Board of Directors, employees or independent contractors (or their respective spouses, former spouses, successors, executors, administrators, heirs, legatees or distributees) of the Borrower and its Restricted
Subsidiaries, upon the death, disability, retirement or termination of employment of any such Person or otherwise in accordance with any stock option or stock appreciation rights plan, any management, director and/or employee stock ownership or
incentive plan, stock subscription plan, employment termination agreement or any other employment agreements or equity holders’ agreement in an aggregate amount after the Agreement Date together with the aggregate amount of loans and advances
to the Borrower made pursuant to Section 7.4(m) in lieu of Restricted Payments permitted by this clause (v) not to exceed $75,000,000 in any calendar year with unused amounts in any calendar year being carried over to succeeding
calendar years subject to a maximum of $150,000,000 in any calendar year (without giving effect to the following proviso); provided that such amount in any calendar year may be increased by (1) an amount not to exceed the cash proceeds
of key man life insurance policies received by the Borrower or the Restricted Subsidiaries after the Agreement Date, or (2) the amount of any bona fide cash bonuses otherwise payable to members of the Board of Directors, consultants, officers,
employees, managers or independent contractors of the Borrower or any Restricted Subsidiary that are foregone in return for the receipt of Equity Interests, the fair market value of which is equal to or less than the amount of such cash bonuses,
which, if not used in any year, may be carried forward to any subsequent fiscal year; provided further that cancellation of Indebtedness owing to the Borrower or any Restricted Subsidiary from members of the Board of Directors,
consultants, officers, employees, managers or independent contractors (or their respective spouses, former spouses, successors, executors, administrators, heirs, legatees or distributees) of the Borrower or any Restricted Subsidiary in connection
with a repurchase of Equity Interests of the Borrower will not be deemed to constitute a Restricted Payment for purposes of this Section 7.7 or any other provisions of this Agreement. 

(vi) other Restricted Payments made by the Borrower; provided that, at the time of making such Restricted Payments,
after giving effect to such Restricted Payment, Payment Conditions are satisfied; 
 (vii) any Restricted Subsidiary may make
Restricted Payments in cash to the Borrower: 
 (A) as distributions by any Restricted Subsidiary to the Borrower in amounts
required for the Borrower to pay with respect to any taxable period in which the Borrower and/or any of its Subsidiaries is a member of (or is a flow-through entity for U.S. federal income tax purposes owned directly or indirectly by one or more
such members of) a consolidated, combined, unitary or similar tax group (a “Tax Group”) of which the Borrower is the common parent, U.S. federal, state and local and foreign taxes that are attributable to the taxable income of the
Borrower and/or its Subsidiaries; provided that for each taxable period, the amount of such payments made in respect of such taxable period in the aggregate shall not exceed the amount of such taxes that the Borrower and its Subsidiaries
would have been required to pay if they were a stand-alone Tax Group with the Borrower as the corporate common parent of such stand-alone Tax Group (collectively, “Tax Distributions”); 

  
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 (B) to finance any Investment made by the Borrower that, if made by the
Borrower, would be permitted to be made pursuant to Section 7.4; provided that (A) such Restricted Payment shall be made substantially concurrently with the closing of such Investment and (B) the Borrower shall,
immediately following the closing thereof, cause (1) all property acquired (whether assets or Equity Interests but not including any loans or advances made pursuant to Section 7.4(b)) to be contributed to the Borrower or its
Restricted Subsidiaries or (2) the Person formed or acquired to merge into or consolidate with the Borrower or any of the Restricted Subsidiaries to the extent such merger or consolidation is permitted in Section 7.3) in order to
consummate such Investment, in each case in accordance with the requirements of Sections 6.12 and 6.13; 
 (C)
the proceeds of which shall be used to pay (or to make Restricted Payments to allow the Borrower to pay) fees and expenses related to any equity or debt offering; 

(D) the proceeds of which shall be used to pay customary salary, bonus and other benefits payable to officers and employees of
the Borrower to the extent such salaries, bonuses and other benefits are attributable to the ownership or operation of the Borrower and its Restricted Subsidiaries; and 

(E) the proceeds of which shall be used to make payments permitted by clause (b)(iv) and (b)(v) of Section 7.7;

 (viii) in addition to the foregoing Restricted Payments, so long as no Event of Default exists or would result therefrom,
the Borrower may make additional Restricted Payments, in an aggregate amount, not to exceed the Available Equity Amount that is Not Otherwise Applied as in effect immediately prior to the time of making of such Restricted Payment; 

(ix) redemptions in whole or in part of any of its Equity Interests for another class of its Equity Interests or with proceeds
from substantially concurrent equity contributions or issuances of new Equity Interests; 
 (x) payments made or expected to
be made in respect of withholding or similar Taxes payable by any future, present or former employee, director, manager or consultant and any repurchases of Equity Interests in consideration of such payments including deemed repurchases in
connection with the exercise of stock options and the vesting of restricted stock and restricted stock units; 
 (xi) the
Borrower may (a) pay cash in lieu of fractional Equity Interests in connection with any dividend, split or combination thereof or any Permitted Acquisition (or other similar Investment) and (b) honor any conversion request by a holder of
convertible Indebtedness and make cash payments in lieu of fractional shares in connection with any such conversion and may make payments on convertible Indebtedness in accordance with its terms; 

  
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 (xii) payments made or expected to be made by the Borrower or any Restricted
Subsidiary in respect of withholding or similar taxes payable upon exercise of Equity Interests by any future, present or former employee, director, officer, manager or consultant (or their respective controlled Affiliates or permitted transferees)
and any repurchases of Equity Interests deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a portion of the exercise price of such options or warrants or required withholding or similar taxes; 

(xiii) the distribution, by dividend or otherwise, of shares of Equity Interests of, or Indebtedness owed to the Borrower or a
Restricted Subsidiary by, Unrestricted Subsidiaries (other than Unrestricted Subsidiaries, the primary assets of which are Permitted Investments); 

(xiv) the declaration and payment of Restricted Payments on the Borrower’s common stock, following consummation of any
public offering after the date hereof, of up to 6.0% per annum of the net cash proceeds of such public offering received by or contributed to the Borrower, other than public offerings registered on Form S-8; 

(xv) additional Restricted Payments in an amount not to exceed the greater of $<25,000,000>134,000,000
 and
<20.0>40.0
% of Consolidated EBITDA for the most recently ended Test Period after giving Pro Forma Effect to the making of such Restricted Payment; and 

(xvi) the declaration and payment of regular cash dividends on common stock of the Borrower in an aggregate amount not to
exceed the greater of (x) $75,000,000 and (y) 2.0% of
Market Capitalization per fiscal year. 
 (b) The Borrower will not, and will not permit any Restricted Subsidiary to, make or agree
to pay or make, directly or indirectly, any payment or other distribution (whether in cash, securities or other property) of or in respect of principal of or interest on any Restricted Debt Financing, or any payment or other distribution (whether in
cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Restricted Debt Financing, or any other payment (including any
payment under any Hedge Agreement) that has a substantially similar effect to any of the foregoing, except: 
 (i) payment of
regularly scheduled interest and principal payments, mandatory offers to repay, repurchase or redeem, mandatory prepayments of principal premium and interest, and payment of fees, expenses and indemnification obligations, with respect to such
Restricted Debt Financing, other than payments in respect of any Restricted Debt Financing prohibited by the subordination provisions thereof; 

(ii) refinancings of Indebtedness to the extent permitted by Section 7.1; 

  
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 (iii) the conversion of any Restricted Debt Financing to Equity Interests
(other than Disqualified Equity Interests) of the Borrower, and any payment that is intended to prevent any Restricted Debt Financing from being treated as an “applicable high yield discount obligation” within the meaning of
Section 163(i)(1) of the Code; 
 (iv) prepayments, redemptions, repurchases, defeasances and other payments in respect
of Restricted Debt Financings prior to their scheduled maturity in an aggregate amount, not to exceed the sum of (A) an amount at the time of making any such prepayment, redemption, repurchase, defeasance or other payment and together with any
other prepayments, redemptions, repurchases, defeasances and other payments made utilizing this subclause (A) not to exceed the greater of
$<25,000,000>134,000,000
 and
<20.0>40.0
% of Consolidated EBITDA for the most recently ended Test Period after giving Pro Forma Effect to the making of such prepayment, redemption, purchase, defeasance or other payment plus (B) the
Available Equity Amount that is Not Otherwise Applied as in effect immediately prior to the time of making of such <Investment>prepayment, redemption, purchase, defeasance or other payment;

 (v) payments made in connection with the Transactions; 

(vi) prepayments, redemptions, purchases, defeasances and other payments in respect of Restricted Debt Financings prior to
their scheduled maturity; provided that after giving effect to such prepayment, redemption, repurchase, defeasance or other payment, Payment Conditions are satisfied; and 

(vii) prepayments of Restricted Debt Financing owed to the Borrower or a Restricted Subsidiary or prepayments of Permitted
Refinancing of such Indebtedness with the proceeds of any other Restricted Debt Financing. 
 Section 7.8 Transactions with
Affiliates. The Borrower will not, and will not permit any Restricted Subsidiary to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any
other transactions with, any of its Affiliates, except (i) (A) transactions between or among the Borrower or any Credit Party; provided that such parent entity shall have no material liabilities and no material assets other than
cash, Permitted Investments and the Equity Interests of the Borrower and such merger, amalgamation or consolidation is otherwise consummated in compliance with this Agreement and (B) transactions involving aggregate payment or consideration of
less than $75,000,000, (ii) on terms substantially as favorable to the Borrower or such Restricted Subsidiary as would be obtainable by such Person at the time in a comparable arm’s-length transaction with a Person other than an Affiliate,
(iii) the payment of fees and expenses related to the Transactions, (iv) [reserved], (v) issuances of Equity Interests of the Borrower to the extent otherwise permitted by this Agreement, (vi) employment and severance
arrangements between the Borrower and its Restricted Subsidiaries and their respective officers and employees in the ordinary course of business or otherwise in connection with the Transactions (including loans and advances pursuant to Sections
7.4(b) and 7.4(n)), (vii) payments by the Borrower and its Restricted Subsidiaries pursuant to tax sharing agreements among the Borrower (and any such parent thereof) and its Restricted Subsidiaries on customary terms to the extent
attributable to the ownership or operation of the Borrower and its Restricted Subsidiaries, to the extent either
(A) such payments are on an  

  
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arms-length basis or (B) such payments are permitted by Section 7.7 and
Section 7.4, (viii) the payment of customary fees and reasonable out-of-pocket costs to, and indemnities provided on behalf of, members of the Board of Directors, officers and employees
of the Borrower and the Restricted Subsidiaries in the ordinary course of business to the extent attributable to the ownership or operation of the Borrower and its Restricted Subsidiaries, (ix) transactions pursuant to permitted agreements in
existence or contemplated on the Agreement Date and set forth on Schedule 7.8 or any amendment thereto to the extent such an amendment is not adverse to the Lenders in any material respect, (x) [reserved], (xi) payments to or
from, and transactions with, any joint venture in the ordinary course of business (including any cash management activities related thereto), (xii) transactions with customers, clients, suppliers, contractors, joint venture partners or
purchasers or sellers of goods or services that are Affiliates, in each case in the ordinary course of business and which are fair to the Borrower and the Restricted Subsidiaries, in the reasonable determination of the Borrower, or are on terms at
least as favorable as might reasonably have been obtained at such time from an unaffiliated party; and (xiii) any other (A) Indebtedness permitted under Section 7.1 and Liens permitted under Section 7.2;
provided that such Indebtedness and Liens are on terms which are fair and reasonable to the Borrower and its Subsidiaries as determined by the majority of disinterested members of the board of directors of the Borrower or an audit committee
and (B) transactions permitted under Section 7.3(a), (b) or (c), Investments permitted under Section 7.4(a), (b), (c), (e), (l), (n), (p), (q), (v), (x), (y), or (cc) and Restricted Payments permitted under
Section 7.7 provided that such Indebtedness and Liens are on terms which are fair and reasonable to the Borrower and its Subsidiaries as determined by the majority of disinterested members of the board of directors of the Borrower or an
audit committee.  
 Section 7.9 Restrictive Agreements. The Borrower will not, and will not permit any Restricted
Subsidiary to enter into any agreement, instrument, deed or lease that prohibits or limits the ability of any Credit Party to create, incur, assume or suffer to exist any Lien upon any of their respective properties or revenues, whether now owned or
hereafter acquired, for the benefit of the Lender Group with respect to the obligations or under the Loan Documents; provided that the foregoing shall not apply to: 

(a) restrictions and conditions imposed by (1) Requirements of Law, (2) any Loan Document, or the Term Loan Facility Documents, or
the 2028 Notes, (3) any documentation governing Indebtedness incurred pursuant to Section 7.1(a)(xx), (xxi) or (xxvi) and (4) any documentation governing any Permitted Refinancing incurred to refinance
any such Indebtedness referenced in clauses (1) through (3) above; 
 (b) customary restrictions and conditions existing on the
Agreement Date and any extension, renewal, amendment, modification or replacement thereof, except to the extent any such amendment, modification or replacement expands the scope of any such restriction or condition; 

(c) restrictions and conditions contained in agreements relating to the sale of a Subsidiary or any assets pending such sale; provided
that such restrictions and conditions apply only to the Subsidiary or assets that is or are to be sold and such sale is permitted hereunder; 

(d) customary provisions in leases, licenses and other contracts restricting the assignment thereof; 

  
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 (e) restrictions imposed by any agreement relating to secured Indebtedness permitted by this
Agreement to the extent such restriction applies only to the property securing such Indebtedness; 
 (f) any restrictions or conditions set
forth in any agreement in effect at any time any Person becomes a Restricted Subsidiary (but not any modification or amendment expanding the scope of any such restriction or condition); provided that such agreement was not entered into in
contemplation of such Person becoming a Restricted Subsidiary and the restriction or condition set forth in such agreement does not apply to the Borrower or any Restricted Subsidiary; 

(g) restrictions or conditions in any Indebtedness permitted pursuant to Section 7.1 that is incurred or assumed by Restricted
Subsidiaries that are not Credit Parties to the extent such restrictions or conditions are no more restrictive in any material respect than the restrictions and conditions in the Loan Documents or, in the case of Restricted Debt Financing, are
market terms at the time of issuance and are imposed solely on such Restricted Subsidiary and its Subsidiaries; 
 (h) restrictions on cash
(or Permitted Investments) or other deposits imposed by agreements entered into in the ordinary course of business (or other restrictions on cash or deposits constituting Permitted Encumbrances); 

(i) restrictions set forth on Schedule 7.9 and any extension, renewal, amendment, modification or replacement thereof, except to the
extent any such amendment, modification or replacement expands the scope of any such restriction or condition; 
 (j) customary provisions in
joint venture agreements and other similar agreements applicable to joint ventures permitted by Section 7.4; 
 (k) customary
restrictions contained in leases, subleases, licenses, sublicenses or asset sale agreements otherwise permitted hereby so long as such restrictions relate only to the assets subject thereto; 

(l) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of the Borrower or any Restricted
Subsidiary; and 
 (m) customary net worth provisions contained in real property leases entered into by Subsidiaries, so long as the Borrower
has determined in good faith that such net worth provisions would not reasonably be expected to impair the ability of the Borrower and its Subsidiaries to meet their ongoing obligations. 

Section 7.10 Amendment of Restricted Debt Financing. The Borrower will not, and will not permit any Restricted Subsidiary to,
amend or modify the documentation governing any Restricted Debt Financing, in each case if the effect of such amendment or modification is materially adverse to the Lenders; provided that such modification will not be deemed to be materially
adverse if such Restricted Debt Financing could be otherwise incurred under this Agreement (including as Indebtedness that does not constitute a Restricted Debt Financing) with such terms as so modified at the time of such modification. 

  
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 Section 7.11 Changes in Fiscal Periods. The Borrower will not make any change in
fiscal year; provided, however, that the Borrower may, upon written notice to the Administrative Agent, change its fiscal year to any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Borrower and
the Administrative Agent will, and are hereby authorized by the Lenders to, make any adjustments to this Agreement that are necessary to reflect such change in fiscal year. 

Section 7.12 Prepayments of Term Loan Facility Indebtedness. Except as required by Section 6.15, no Credit Party
shall, or shall permit any Restricted Subsidiary to, directly or indirectly, make any voluntary prepayment of the Term Loan Facility Indebtedness; provided, however 

(a) the Credit Parties and their Restricted Subsidiaries may make voluntary prepayments of the Term Loan Facility Indebtedness so long as the
Payment Conditions are satisfied before and after giving effect to such prepayments; and 
 (b) the Borrower may prepay the Term Loan
Facility in full in connection with a Permitted Refinancing thereof or the incurrence of other Indebtedness otherwise permitted pursuant to Section 7.1(h). 

Section 7.13 Fixed Charge Coverage Ratio. Upon the occurrence and at all times during the continuance of a Financial Covenant
Testing Period, the Fixed Charge Coverage Ratio (tested and calculated as of each of (a) the last day of the fiscal quarter most recently ended prior to the commencement of such Financial Covenant Testing Period for which Administrative Agent
has received financial statements pursuant to Sections 6.1(a) or (b), and (b) the last day of each fiscal quarter thereafter until the end of the Financial Covenant Testing Period, in each case for the four (4) Fiscal Quarter
period ending on such date) shall be not less than 1.00 to 1.00. For purposes of clarity, the Fixed Charge Coverage Ratio shall be calculated without giving effect to any election under FAS 159 (or any similar accounting principle) permitting a
company to value its financial liabilities at the fair value thereof. 
 ARTICLE 8 

DEFAULT 
 Section 8.1
Events of Default. Each of the following shall constitute an Event of Default: 
 (a) Any representation or warranty made or deemed
made by or on behalf of the Borrower or any of the Restricted Subsidiaries in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial statement or other document
furnished pursuant to or in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect (provided that if any representation or warranty already
includes a materiality or material adverse effect qualifier, such representation or warranty shall be true and correct in all respects) when made or deemed made; or 

  
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 (b) (i) Any payment of any principal hereunder or under the other Loan Documents, or
any reimbursement obligations with respect to any Letter of Credit, shall not be received by the Administrative Agent on the date such payment is due, or (ii) any payment of interest, fees or other amounts hereunder or under the other Loan
Documents or any other Obligations shall not be received by the Administrative Agent or Lender, as applicable, on or before five (5) Business Days after the due date thereof; or 

(c) Any Credit Party shall default in the performance or observance of any agreement or covenant contained in (i) Sections 2.12,
6.1 (other than Section 6.1(e)), 6.2 (at any time that a Quarterly Borrowing Base Period exists), 6.3, 6.5 (with respect to the existence of the Borrower or such Restricted Subsidiaries), 6.8 (solely
with respect to a default with respect to property insurance covering ABL First Lien Collateral (as defined in the ABL/Term Intercreditor Agreement) (provided that with respect to any newly created or acquired Subsidiary of the Borrower that is a
Credit Party, no Event of Default shall occur under this clause (c) due to a breach of Section 6.8 until the date that is thirty (30) days after such Subsidiary was created or acquired), 6.17, 6.20, or
6.22; in Article 7; or, subject to any express right to cure set forth therein, in any Security Document; or (ii) Sections 6.1(e), 6.2 (so long as a Quarterly Borrowing Base Period does not exist), or 6.6,
6.9 and, in the case of this clause (ii), such default shall remain incorrect for a period of 10 days after written notice thereof from the Administrative Agent to the Borrower; or 

(d) Any Credit Party shall default in the performance or observance of any other agreement or covenant contained in this Agreement not
specifically referred to elsewhere in this Section 8.1, and such default, if curable, shall not be cured within the earlier of (i) a period of thirty (30) days from the date that such Credit Party knew of the occurrence of such
default, or (ii) a period of thirty (30) days after written notice of such default is given to such Credit Party; or 
 (e) There
shall occur any default in the performance or observance of any agreement or covenant contained in any of the other Loan Documents (other than this Agreement or the Security Documents or as otherwise provided in this Section 8.1) which
shall not be cured within the applicable cure period, if any, provided for in such Loan Document; or 
 (f) (i) the Borrower or any of
the Restricted Subsidiaries shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (after giving effect to any applicable
grace period), or (ii) any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits (with all applicable grace periods having expired) the holder or holders of
any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity, provided
that this paragraph (f) shall not apply to (A) secured Indebtedness that becomes due as a result of the sale, transfer or other disposition (including as a result of a casualty or condemnation event) of the property or assets securing such
Indebtedness (to the extent such sale, transfer or other disposition is not prohibited under this Agreement) or (B) termination events or similar events occurring under any Hedge Agreement that constitutes Material Indebtedness (it being
understood that subclause (i) of this paragraph (f) will apply to any failure to make any payment required as a result of any such termination or similar event); or 

  
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 (g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed
seeking (i) liquidation, court protection, reorganization or other relief in respect of the Borrower or any Material Subsidiary or its debts, or of a material part of its assets, under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, examiner, sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or for a material part of its
assets, and, in any such case, such proceeding or petition shall continue undismissed and unstayed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; or 

(h) the Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, court
protection, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate
manner, any proceeding or petition described in paragraph (g) of this Section 8.1, (iii) apply for or consent to the appointment of a receiver, trustee, examiner, custodian, sequestrator, conservator or similar official for the
Borrower or any Material Subsidiary or for a material part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding or (v) make a general assignment for the benefit of
creditors; or 
 (i) one or more enforceable judgments for the payment of money in an aggregate amount in excess of $50,000,000 (to the
extent not covered by insurance as to which the insurer has been notified of such judgment or order and has not denied coverage) shall be rendered against the Borrower and any of the Restricted Subsidiaries or any combination thereof and the same
shall remain undischarged for a period of 60 consecutive days during which execution shall not be effectively stayed, or any judgment creditor shall legally attach or levy upon assets of such Credit Party that are material to the businesses and
operations of the Borrower and its Restricted Subsidiaries, taken as a whole, to enforce any such judgment; or 
 (j) an ERISA Event occurs
that has resulted or would reasonably be expected to result in a Material Adverse Effect; or 
 (k) Any default or event of default by a
Credit Party or any of its Restricted Subsidiaries occurs under any Material Contract which would enable any party thereto to suspend or termination such Material Contract, or any Material Contract is suspended or terminated prior to its stated
expiration date; 
 (l) any Lien purported to be created under any Security Document shall cease to be, or shall be asserted by any Credit
Party not to be, a valid and perfected Lien on any material portion of the Collateral, with the priority required by the applicable Security Documents, except (i) as a result of the sale or other disposition of the applicable Collateral to a
Person that is not a Credit Party in a transaction permitted under the Loan Documents, (ii) as a result of the Administrative Agent’s failure to (A) maintain possession of any stock certificates, promissory notes or other instruments
delivered to it under the Security Documents or (B) file Uniform Commercial Code continuation statements or (iii) as to Collateral consisting of real property to the extent that such losses are covered by a lender’s title insurance
policy and such insurer has not denied coverage or (iv) as a result of acts or omissions of the Administrative Agent or any Lender; 

  
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 (m) any material provision of any Loan Document or any Guarantee of the Loan Document
Obligations shall for any reason be asserted by any Credit Party not to be a legal, valid and binding obligation of any Credit Party thereto other than as expressly permitted hereunder or thereunder; 

(n) any Guarantees of the Loan Document Obligations by any Credit Party pursuant to any Guarantee shall cease to be in full force and effect
(in each case, other than in accordance with the terms of the Loan Documents); or 
 (o) a Change of Control shall occur; 

then, and in every such event (other than an event with respect to the Borrower described in paragraph (g) or (h) of this
Section 8.1), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Majority Lenders shall, by notice to the Borrower, take either or both of the following actions, at
the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not
so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the
Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described
in paragraph (h) or (i) of this Section 8.1, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the
Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. 

For the avoidance of doubt, (i) any “going concern” or like qualification or exception in connection with an upcoming maturity
date of any Indebtedness or any actual failure to satisfy a financial maintenance covenant or any potential inability to satisfy a financial maintenance covenant on a future date or in a future period or (ii) any projected Default or Event of
Default in connection with financial statements delivered pursuant to Section 6.01(a) shall not be a Default or Event of Default. 

Section 8.2 Remedies. If an Event of Default shall have occurred and be continuing, in addition to the rights and remedies set
forth elsewhere in this Agreement, the other Loan Documents, the Bank Products Documents or under Applicable Law: 
 (a) With the exception
of an Event of Default specified in Sections 8.1(g) or (h), the Administrative Agent may in its discretion (unless otherwise instructed by the Majority Lenders) or shall at the direction of the Majority Lenders, (i) terminate the
Commitments, or (ii) declare the principal of and interest on the Loans and all other Obligations (other than any Bank Products Obligations) to be forthwith due and payable without presentment, demand, protest, or notice of any kind, all of
which are hereby expressly waived, anything in this Agreement or in any other Loan Document to the contrary notwithstanding, or both. 

  
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 (b) Upon the occurrence and continuance of an Event of Default specified in Sections
8.1(g) or (h), such principal, interest, and other Obligations (other than any Bank Products Obligations) shall thereupon and concurrently therewith become due and payable, and the Commitments shall forthwith terminate, all without any
action by the Lender Group, or any of them and without presentment, demand, protest, or other notice of any kind, all of which are expressly waived, anything in this Agreement or in any other Loan Document to the contrary notwithstanding. 

(c) The Administrative Agent may in its discretion (unless otherwise instructed by the Majority Lenders) or shall at the direction of the
Majority Lenders exercise all of the post-default rights granted to the Lender Group, or any of them, under the Loan Documents or under Applicable Law. The Administrative Agent, for the benefit of the Lender Group, shall have the right to the
appointment of a receiver for the Property of the Credit Parties, and the Credit Parties hereby consent to such rights and such appointment and hereby waive any objection the Credit Parties may have thereto or the right to have a bond or other
security posted by the Lender Group, or any of them, in connection therewith. 
 (d) In regard to all Letters of Credit with respect to which
presentment for honor shall not have occurred at the time of any acceleration of the Obligations (other than Bank Products Obligations) pursuant to the provisions of this Section 8.2 or, upon the request of the Administrative Agent,
after the occurrence of an Event of Default and prior to acceleration, the Borrower shall promptly upon demand by the Administrative Agent deposit in a Letter of Credit Reserve Account opened by the Administrative Agent for the benefit of the Lender
Group an amount equal to one hundred and three percent (103%) of the aggregate then undrawn and unexpired amount of such Letter of Credit Obligations. Amounts held in such Letter of Credit Reserve Account shall be applied by the Administrative
Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other Obligations in the manner set forth
in Section 2.11. After all such Letters of Credit shall have expired or been fully drawn upon, all Reimbursement Obligations shall have been satisfied, and all other Obligations shall have been paid in full, the balance, if any, in such
Letter of Credit Reserve Account shall be returned to the Borrower. Except as expressly provided hereinabove, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower. 

(e) The rights and remedies of the Lender Group hereunder shall be cumulative, and not exclusive. 

ARTICLE 9 
 THE ADMINISTRATIVE
AGENT 
 Section 9.1 Appointment and Authorization. 

(a) Each member of the Lender Group hereby irrevocably appoints Bank of America as the Administrative Agent and authorizes it to take such
actions on its behalf and to exercise such powers as are delegated to the Administrative Agent under this Agreement and the other Loan Documents, together with all such actions and powers that are reasonably incidental

  
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thereto. The Administrative Agent may perform any of its duties hereunder or under the other Loan Documents by or through any one or more sub-agents or attorneys-in-fact appointed by the
Administrative Agent. The Administrative Agent and any such sub-agent or attorney-in-fact may perform any and all of its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions set forth in this
Article shall apply to any such sub-agent, attorney-in-fact or Related Party and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as the Administrative
Agent. 
 (b) The Issuing Bank shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents
associated therewith until such time and except for so long as the Administrative Agent may agree at the request of the Majority Lenders to act for the Issuing Bank with respect thereto; provided that the Issuing Bank shall have all the
benefits and immunities (i) provided to the Administrative Agent in this Article with respect to any acts taken or omissions suffered by the Issuing Bank in connection with Letters of Credit issued by it or proposed to be issued by it and the
application and agreements for letters of credit pertaining to the Letters of Credit as fully as if the term “Administrative Agent” as used in this Article included the Issuing Bank with respect to such acts or omissions and (ii) as
additionally provided in this Agreement with respect to the Issuing Bank. 
 Section 9.2 Nature of Duties of the Administrative
Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall
not be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise
any discretionary powers, except those discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing by the Majority Lenders (or such other number or percentage of the
Lenders as shall be necessary under the circumstances as provided in Section 10.12); provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose
the Administrative Agent to liability or that is contrary to any Loan Document or Applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a
forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and
shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent
shall not be liable for any action taken or not taken by it, its sub-agents or its attorneys-in-fact with the consent or at the request of the Majority Lenders (or such other number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 10.12) or in the absence of its own gross negligence, bad faith or willful misconduct. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents or
attorneys-in-fact selected by it with reasonable care. The Administrative Agent shall not be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof (which notice shall include an express reference to such
event being a “Default” or “Event of Default” hereunder) is given to the Administrative Agent by <any >Borrower or any Lender, 

  
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and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan
Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements, or other terms and
conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in
Article 4 or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. The Administrative Agent may consult with legal counsel (including counsel for the Borrower)
concerning all matters pertaining to such duties. 
 Section 9.3 Lack of Reliance on the Administrative Agent. Each of the
Lenders, the Swing Bank and the Issuing Bank acknowledges that it has, independently and without reliance upon the Administrative Agent, the Issuing Bank or any other Lender and based on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to enter into this Agreement. Each of the Lenders, the Swing Bank and the Issuing Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent, the Issuing Bank or
any other Lender and based on such documents and information as it has deemed appropriate, continue to make its own decisions in taking or not taking any action under or based on this Agreement, any related agreement or any document furnished
hereunder or thereunder. 
 Section 9.4 Certain Rights of the Administrative Agent. If the Administrative Agent shall request
instructions from the Majority Lenders with respect to any action or actions (including the failure to act) in connection with this Agreement, the Administrative Agent shall be entitled to refrain from such act or taking such act unless and until it
shall have received instructions from such Lenders, and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the
Administrative Agent as a result of the Administrative Agent acting or refraining from acting hereunder in accordance with the instructions of the Majority Lenders where required by the terms of this Agreement. 

Section 9.5 Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any
liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, posting or other distribution) believed by it to be genuine and to have been signed, sent or
made by the proper Person. The Administrative Agent may also rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person and shall not incur any liability for relying thereon. The Administrative Agent
may consult with legal counsel (including counsel for the Borrower), independent public accountants and other experts selected by it and shall not be liable for any action taken or not taken by it in accordance with the advice of such counsel,
accountants or experts. 
 Section 9.6 The Administrative Agent in its Individual Capacity. The bank serving as the
Administrative Agent shall have the same rights and powers under this Agreement and any other Loan Document in its capacity as a Lender as any other Lender and may exercise or refrain from exercising the same as though it were not the Administrative
Agent; and the terms “Lenders,” “Majority Lenders,” “Supermajority Lenders,” or any similar terms shall, unless the context clearly otherwise indicates, include the Administrative Agent in its individual capacity. The
bank acting as the Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with <any
>Borrower or any Subsidiary or Affiliate of <any >Borrower as if it were not the Administrative Agent hereunder. 

  
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 Section 9.7 Successor Administrative Agent. 

(a) The Administrative Agent may resign at any time by giving notice thereof to the Lenders and the Borrower. Upon any such resignation, the
Majority Lenders shall have the right to appoint a successor Administrative Agent, subject to approval by the Borrower; provided that no Default or Event of Default shall exist at such time. If no successor Administrative Agent shall have
been so appointed, and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative
Agent, subject to approval by the Borrower; provided that no Default or Event of Default shall exist at such time, which shall be a commercial bank organized under the laws of the United States or any state thereof or a bank which maintains
an office in the United States. 
 (b) Upon the acceptance of its appointment as the Administrative Agent hereunder by a successor, such
successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and
obligations under this Agreement and the other Loan Documents. If, after the retiring Administrative Agent’s resignation under this Section, no successor Administrative Agent shall have been appointed and shall have accepted such appointment,
then the Majority Lenders shall thereafter perform all duties of the retiring Administrative Agent under the Loan Documents until such time as the Majority Lenders appoint a successor Administrative Agent as provided above. After any retiring
Administrative Agent’s resignation hereunder, the provisions of this Article shall continue in effect for the benefit of such retiring Administrative Agent and its representatives and agents in respect of any actions taken or not taken by any
of them while it was serving as the Administrative Agent. 
 (c) In addition to the foregoing, if a Lender becomes, and during the period it
remains, a Defaulting Lender, and if any Default has arisen from a failure of the Borrower to comply with Section 2.17(b) then the Issuing Bank and the Swing Bank may, upon prior written notice to the Borrower and the Administrative
Agent, resign as Issuing Bank or as Swing Bank, as the case may be, effective at the close of business on a date specified in such notice. 

Section 9.8 Withholding Tax. To the extent required by any Applicable Law, the Administrative Agent may withhold from any interest
payment to any Lender an amount equivalent to any applicable withholding tax. If the Internal Revenue Service or any authority of the United States or any other jurisdiction asserts a claim that the Administrative Agent did not properly withhold tax
from amounts paid to or for the account of any Lender (because the appropriate form was not delivered or was not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstances that rendered the
exemption from, or reduction of, withholding tax ineffective, or for any other reason), such Lender shall indemnify the Administrative Agent (to the extent that the Administrative Agent has not already been reimbursed by the Borrower and without
limiting the obligation of the Borrower to do so) fully for all amounts paid, directly or indirectly, by the Administrative Agent as tax or otherwise, including penalties and interest, together with all expenses incurred, including legal expenses,
allocated staff costs and any out of pocket expenses. 

  
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 Section 9.9 The Administrative Agent May File Proofs of Claim. 

(a) In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to any Credit Party, the Administrative Agent (irrespective of whether the principal of any Loan or other Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective
of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(i) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuing Bank and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the Issuing Bank and the Administrative Agent and its agents and counsel and all other amounts due the Lenders, the Issuing Bank and the Administrative Agent under
Section 10.2) allowed in such judicial proceeding; and 
 (ii) to collect and receive any monies or other
property payable or deliverable on any such claims and to distribute the same. 
 (b) Any custodian, receiver, assignee, trustee, liquidator,
sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the Issuing Bank to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making of such
payments directly to the Lenders and the Issuing Bank, 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 Section 10.2. 
 (c) Nothing contained herein shall be deemed to authorize the
Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or the Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize
the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 
 Section 9.10 Authorization to
Execute Other Loan Documents. Each Lender hereby authorizes the Administrative Agent to execute on behalf of all Lenders all Loan Documents (including, without limitation, the Security Documents and any subordination agreements) other than this
Agreement. 
 Section 9.11 Collateral and Guaranty Matters. 

(a) The Lenders irrevocably authorize the Administrative
Agent<, at its option and in its
discretion> to and the Administrative Agent
shall: 

  
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 (i)
<to >release any Lien on any property granted to or held by the Administrative Agent under any Loan
Document (i) upon the termination of all Revolving Commitments, the Cash Collateralization of all reimbursement obligations with respect to Letters of Credit in an amount equal to one hundred and three percent (103%) of the aggregate LC
Exposure of all Lenders, and the payment in full of all Obligations (other than contingent indemnification obligations, such Cash Collateralized reimbursement obligations and Bank Products Obligations), (ii) that is sold, transferred or
otherwise disposed of, or to be sold, transferred or otherwise disposed of, as part of or in connection with any transaction permitted hereunder or under any other Loan Document, but only to the extent that such release would not result in an Event of Default under Section 8.1(b)(i), (iii) if approved, authorized or ratified in writing in accordance with Section 10.12, or (iv) where such property (A) constitutes Excluded Property or (B) is or otherwise becomes
excluded from the definition of Collateral; 
 (ii) <to >release any Credit Party from its obligations under the applicable Guaranty and Security Documents if
such Person ceases to be a Restricted Subsidiary (or becomes an Excluded Subsidiary) either (A) as a result of a transaction or condition permitted hereunder or approved, authorized <or>but only to the extent that such release would not result in an Event of Default under Section 8.1(b)(i) or
(B) ratified in writing in accordance with Section 10.12; and 

(iii) to subordinate any Lien on any Collateral granted to or held by the Administrative Agent under any Loan Document to the
holder of any Lien on such property that is permitted by Sections 7.2(d), (e), (h), (k), (l), (m), (r), (x) and (z) and clauses (c), (e) and (j) of the definition of
“Permitted Encumbrances. 
 Upon request by the Administrative Agent at any time, the Majority Lenders will confirm in writing the Administrative
Agent’s authority to release its interest in particular types or items of property, or to release any Credit Party from its obligations under the applicable Guaranty or Security Documents pursuant to this Section. In each case as specified in
this Section, the Administrative Agent is authorized, and, so long as no Event of Default then exists or would result therefrom, will, at the Borrower’s expense, to execute and deliver to the applicable Credit Party such documents as such
Credit Party may reasonably request to evidence the release of such item of Collateral from the Liens granted under the applicable Security Documents, or to release such Credit Party from its obligations under the applicable Guaranty and Security
Documents, in each case in accordance with the terms of the Loan Documents and this Section. 
 (b) The Administrative Agent shall not be
responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or
any certificate prepared by any Credit Party in connection therewith, nor shall the Administrative Agent be responsible or liable to any member of the Lender Group for any failure to monitor or maintain any portion of the Collateral. 

  
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 Section 9.12 Right to Realize on Collateral and Enforce Guarantee. Anything
contained in any of the Loan Documents to the contrary notwithstanding, the Borrower, the Administrative Agent and each Lender hereby agree that (i) no Lender shall have any right individually to realize upon any of the Collateral or to enforce
the Security Documents, it being understood and agreed that all powers, rights and remedies hereunder and under the Security Documents may be exercised solely by the Administrative Agent, and (ii) in the event of a foreclosure by the
Administrative Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Administrative Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition
and the Administrative Agent, as agent for and representative of the Lenders (but not any Lender or Lenders in its or their respective individual capacities unless the Majority Lenders shall otherwise agree in writing), shall be entitled, for the
purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of the purchase price for any collateral
payable by the Administrative Agent at such sale or other disposition. 
 Section 9.13 Secured Bank Products Obligations. No
Bank Products Provider that obtains the benefits of Section 2.11, the Security Documents or any Collateral by virtue of the provisions hereof or of any other Loan Document shall have any right to notice of any action or to consent to,
direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent
expressly provided in the Loan Documents. Notwithstanding any other provision of this Article to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with
respect to, Bank Products Obligations unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Bank Products Provider.

 Section 9.14 Interest Holders. The Administrative Agent may treat each Lender, or the Person designated in the last notice
filed with the Administrative Agent under this Section 9.14, as the holder of all of the interests of such Lender in this Agreement and the other Loan Documents, its Loans and the Commitments until written notice of transfer, signed by
such Lender (or the Person designated in the last notice filed with the Administrative Agent) and by the Person designated in such written notice of transfer, in form and substance satisfactory to the Administrative Agent, shall have been filed with
the Administrative Agent. 
 Section 9.15 Other Liens on Collateral; Terms of ABL/Term Intercreditor Agreement. 

(a) EACH LENDER HERETO UNDERSTANDS, ACKNOWLEDGES AND AGREES THAT LIENS SHALL BE CREATED ON THE COLLATERAL PURSUANT TO THE TERM LOAN FACILITY
DOCUMENTATION, WHICH LIENS (I) TO THE EXTENT CREATED WITH RESPECT TO TERM LOAN FIRST LIEN COLLATERAL, SHALL BE SENIOR TO THE LIENS CREATED UNDER THIS AGREEMENT AND THE LOAN DOCUMENTS (WITH THE LIENS SO CREATED HEREUNDER AND UNDER THE LOAN
DOCUMENTS ON TERM LOAN FIRST LIEN COLLATERAL BEING SUBORDINATED TO SUCH LIENS PURSUANT TO THE TERMS OF THE ABL/TERM INTERCREDITOR AGREEMENT) AND (II) TO THE EXTENT CREATED WITH RESPECT TO ABL FIRST LIEN COLLATERAL, SHALL BE REQUIRED TO BE
SUBJECT TO THE SUBORDINATION PROVISIONS (TO THE EXTENT APPLICABLE) OF THE ABL/TERM INTERCREDITOR 

  
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AGREEMENT. THE ABL/TERM INTERCREDITOR AGREEMENT ALSO HAS OTHER PROVISIONS THAT ARE BINDING UPON THE LENDERS AND THE OTHER MEMBERS OF THE LENDER GROUP PURSUANT TO THIS AGREEMENT. PURSUANT TO THE
EXPRESS TERMS OF SECTION 7.10 OF THE ABL/TERM INTERCREDITOR AGREEMENT, IN THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF THE ABL/TERM INTERCREDITOR AGREEMENT AND ANY OF THE LOAN DOCUMENTS, THE PROVISIONS OF THE ABL/TERM INTERCREDITOR AGREEMENT SHALL
GOVERN AND CONTROL. 
 (b) EACH LENDER AUTHORIZES AND INSTRUCTS THE ADMINISTRATIVE AGENT TO ENTER INTO THE ABL/TERM INTERCREDITOR AGREEMENT
AND ANY OTHER INTERCREDITOR AGREEMENT REQUIRED TO BE ENTERED INTO BY THE TERMS OF THIS AGREEMENT ON BEHALF OF SUCH LENDER, AND TO TAKE ALL ACTIONS (AND EXECUTE ALL DOCUMENTS) REQUIRED (OR DEEMED ADVISABLE) BY IT IN ACCORDANCE WITH THE TERMS OF THE
ABL/TERM INTERCREDITOR AGREEMENT OR SUCH OTHER INTERCREDITOR AGREEMENT, AS THE CASE MAY BE. 
 (c) THE PROVISIONS OF THIS SECTION 9.15
ARE NOT INTENDED TO SUMMARIZE ALL RELEVANT PROVISIONS OF (A) THE ABL/TERM INTERCREDITOR AGREEMENT, THE FORM OF WHICH IS ATTACHED AS AN EXHIBIT TO THIS AGREEMENT OR (B) ANY OTHER INTERCREDITOR AGREEMENT REQUIRED TO BE ENTERED INTO BY THE
TERMS OF THIS AGREEMENT, WHICH WILL BE IN THE FORM APPROVED BY THE ADMINISTRATIVE AGENT AS PERMITTED BY THIS AGREEMENT. REFERENCE MUST BE MADE TO THE ABL/TERM INTERCREDITOR AGREEMENT OR SUCH OTHER INTERCREDITOR AGREEMENT ITSELF TO UNDERSTAND ALL
TERMS AND CONDITIONS THEREOF. EACH LENDER IS RESPONSIBLE FOR MAKING ITS OWN ANALYSIS AND REVIEW OF EACH OF THE ABL/TERM INTERCREDITOR AGREEMENT AND EACH OTHER INTERCREDITOR AGREEMENT REQUIRED TO BE ENTERED INTO BY THE TERMS OF THIS AGREEMENT AND THE
TERMS AND PROVISIONS THEREOF, AND NEITHER THE ADMINISTRATIVE AGENT NOR ANY OF ITS AFFILIATES MAKES ANY REPRESENTATION TO ANY LENDER AS TO THE SUFFICIENCY OR ADVISABILITY OF THE PROVISIONS CONTAINED IN THE ABL/TERM INTERCREDITOR AGREEMENT OR SUCH
OTHER INTERCREDITOR AGREEMENT. 
 (d) EACH LENDER (AND ANY OTHER MEMBER OF THE LENDER GROUP AND ANY BANK PRODUCTS PROVIDER), BY ITS EXECUTION
AND DELIVERY OF THIS AGREEMENT OR THE ACCEPTING THE BENEFIT OF THE SECURITY DOCUMENTS, HEREBY (I) CONFIRMS ITS AGREEMENT TO THE FOREGOING PROVISIONS OF THIS SECTION 9.15, (II) PURSUANT TO SECTION 7.03 OF THE ABL/TERM INTERCREDITOR
AGREEMENT, AGREES TO BE BOUND BY THE TERMS OF THE ABL/TERM INTERCREDITOR AGREEMENT AS AN “ABL SECURED PARTY,” AND (III) PURSUANT TO THE APPLICABLE SECTION OF EACH OTHER INTERCREDITOR AGREEMENT REQUIRED TO BE ENTERED INTO BY THE TERMS
OF THIS AGREEMENT, AGREES TO BE BOUND BY THE TERMS OF SUCH OTHER INTERCREDITOR AGREEMENT AS AN “ABL SECURED PARTY” (OR EQUIVALENT TERM THEREIN). 

  
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 Section 9.16 Other Agents. Each Lender hereby designates each of KeyBank
National Association and U.S. Bank National Association as a Syndication Agent and agrees that no Syndication Agent shall have any duties or obligations under any Loan Documents to any Lender or any Credit Party. 

Section 9.17 Indemnification EACH SECURED PARTY SHALL INDEMNIFY AND HOLD HARMLESS THE ADMINISTRATIVE AGENT AND EACH OF ITS
OFFICERS, DIRECTORS, EMPLOYEES, AFFILIATES, AGENTS AND ATTORNEYS (COLLECTIVELY, THE “AGENT INDEMNITEES”) AND ISSUING BANK AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AFFILIATES, AGENTS AND ATTORNEYS (COLLECTIVELY, THE “ISSUING BANK
INDEMNITEES”), TO THE EXTENT NOT REIMBURSED BY THE CREDIT PARTIES, ON A PRO RATA BASIS, AGAINST ALL CLAIMS THAT MAY BE INCURRED BY OR ASSERTED AGAINST ANY SUCH INDEMNITEE, PROVIDED THAT ANY CLAIM AGAINST AN AGENT INDEMNITEE RELATES TO OR ARISES
FROM ITS ACTING AS OR FOR THE ADMINISTRATIVE AGENT (IN THE CAPACITY OF AGENT). In the Administrative Agent’s discretion, it may reserve for any claims made against an Agent Indemnitee or Issuing Bank Indemnitee, and may satisfy any judgment,
order or settlement relating thereto, from proceeds of Collateral prior to making any distribution of Collateral proceeds to Secured Parties. If the Administrative Agent is sued by any receiver, trustee or other Person for any alleged preference or
fraudulent transfer, then any monies paid by the Administrative Agent in settlement or satisfaction of such proceeding, together with all interest, costs and expenses (including attorneys’ fees) incurred in the defense of same, shall be
promptly reimbursed to the Administrative Agent by each Secured Party to the extent of its pro rata share. 
 Section 9.18 Recovery of Erroneous Payments. Without limitation of any other provision herein, if at any time the Administrative Agent
makes a payment hereunder in error to any Secured Party, whether or not in respect of an Obligation due and owing by Borrower at such time, where such payment is a Rescindable Amount, then in any such event each Secured Party receiving a Rescindable
Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Secured Party in immediately available funds in the currency so received, with interest thereon for each day from and including
the date such Rescindable Amount is received by it to but excluding the date of repayment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent
in accordance with banking industry rules on interbank compensation. Each Secured Party irrevocably waives
any and all defenses, including any defense of discharge for value (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to
return any Rescindable Amount. The Administrative Agent shall inform each Secured Party promptly upon determining that any payment made to such Secured Party was comprised, in whole or in part, of a Rescindable Amount. 

  
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 ARTICLE 10 

MISCELLANEOUS 

Section 10.1 Notices. 

(a) All notices and other communications under this Agreement shall be in writing and shall be deemed to have been given five (5) days
after deposit in the mail, designated as certified mail, return receipt requested, postage-prepaid, or one (1) day after being entrusted to a reputable commercial overnight delivery service, or when delivered to the telegraph office or sent out
(with receipt confirmed) by telex or telecopy (or to the extent specifically permitted under Section 10.1(c) only, when sent out by electronic means) addressed to the party to which such notice is directed at its address determined as in
this Section 10.1. All notices and other communications under this Agreement shall be given to the parties hereto at the following addresses: 

(i) If to any Credit Party, to such Credit Party in care of the Borrower at: 

Installed Building Products, Inc. 

495 South High St. 
 Suite 50

 Columbus, OH 43215 
 Attn:
Michael Miller 
 Telecopy No.: (614) 961-3300 

With a copy to (which shall not constitute notice): 

(ii) Calfee, Halter & Griswold LLP 
 <The Calfee Building> 

1405 East Sixth Street 

Cleveland, OH 44114<-1607> 
 Attn: Karl Beus 

<Telecopy No.: (216) 241-0816> 

(ii) Telecopy No.: (216) 241-0816If to the Administrative Agent, to it
at: 
 Bank of America 

135 S. LaSalle Street 
 Chicago,
IL 60603<]> 

Attn: Asset Manager – Installed Building Products, Inc. 

Telecopy No.: (312) 453-4963 

With a copy to (which shall not constitute notice): 

Goldberg Kohn Ltd. 
 55 E.
Monroe, Suite 3300 
 Chicago, Illinois 60603 

Attn: William A. Starshak 

Telecopy No: (312) 863-7426 

  
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 (iii) If to the Lenders, to them at the addresses set forth on the signature
pages of this Agreement or in any Assignment and Acceptance pursuant to which such Lender became a Lender hereunder; and 

(iv) If to the Issuing Bank, at the address set forth on the signature pages of this Agreement. 

(b) Any party hereto may change the address to which notices shall be directed under this Section 10.1 by giving ten
(10) days’ prior written notice of such change to the other parties. 
 (c) The following provisions apply to electronic
communication: 
 (i) Notices and other communications to the Lender Group hereunder may be delivered or furnished by
electronic communication (including email and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any Lender Group member pursuant to Article
2 if such Lender Group member, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Section by electronic communication. The Administrative Agent or Borrower may, in its discretion, agree to
accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. Unless the
Administrative Agent otherwise prescribes, (x) notices and other communications sent to an email address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return
receipt requested” function, as available, return email or other written acknowledgement); provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication
shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (y) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the
intended recipient at its email address as described in the foregoing clause (x) of notification that such notice or communication is available and identifying the website address therefor. 

(ii) Each of the Credit Parties understands that the distribution of material through an electronic medium is not necessarily
secure and that there are confidentiality and other risks associated with such distribution and agrees and assumes the risks associated with such electronic distribution, except to the extent caused by the willful misconduct or gross negligence of
the Administrative Agent as determined by a final, nonappealable court of competent jurisdiction. 

  
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 (iii) The Platform is provided “as is” and “as
available.” Neither of the Administrative Agent nor any of its officers, directors, employees, agents, advisors or representatives warrant the accuracy, adequacy, or completeness of the Platform and each expressly disclaims liability for errors
or omissions in the Platform. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects
is made by the Affiliates of the Administrative Agent in connection with the Platform. 
 (iv) Each of the Credit Parties,
the Lenders and the Issuing Bank agree that the Administrative Agent may, but shall not be obligated to, store any electronic communications received in connection with this Agreement on the Platform in accordance with the Administrative
Agent’s customary document retention procedures and policies. 
 Section 10.2 Expenses; Indemnification. 

(a) The Borrower shall pay: 

(i) all reasonable and documented out-of-pocket costs and expenses of the Administrative Agent and its Affiliates, including
the reasonable fees, charges and disbursements of counsel for the Administrative Agent and its Affiliates (which shall be limited, in the case of legal fees and expenses, to the fees, charges and disbursements of one counsel to the Administrative
Agent and one counsel to the Lenders, taken as a whole, and, solely in the case of an actual or perceived conflict of interest, one additional counsel to all affected persons taken as a whole, and, if necessary, of one local counsel to the
Administrative Agent and one local counsel to the Lenders, taken as a whole, in any relevant material jurisdiction to the Administrative Agent and Lenders and, solely in the case of an actual or perceived conflict of interest, one additional local
counsel to all affected persons, taken as a whole), in connection with the syndication of the credit facilities provided for herein, the preparation and administration of the Loan Documents and any amendments, modifications or waivers thereof
(whether or not the transactions contemplated in this Agreement or any other Loan Document shall be consummated), including, but not limited to, all out-of-pocket expenses of the Administrative Agent and its Affiliates in connection with periodic
field audits, appraisals, and other inspections described in Section 6.9, plus out-of-pocket expenses for each field audit, appraisal, or other inspection of a Credit Party or any Subsidiary of a Credit Party performed by personnel
employed or engaged by the Administrative Agent and its Affiliates. 
 (ii) all reasonable and documented out-of-pocket
expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder; and 

(iii) all out-of-pocket costs and expenses (including, without limitation, the reasonable fees, charges and disbursements of
counsel) incurred by the Administrative Agent, the Issuing Bank or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement, including its rights under this Section, or in connection with the Loans
made or any Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit (which shall be limited, in the case of legal fees

  
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and expenses, to the fees, charges and disbursements of one counsel to the Administrative Agent and one counsel to the Lenders, taken as a whole, and, solely in the case of an actual or perceived
conflict of interest, one additional counsel to all affected persons taken as a whole, and, if necessary, of one local counsel to the Administrative Agent and one local counsel to the Lenders, taken as a whole, in any relevant material jurisdiction
to the Administrative Agent and Lenders and, solely in the case of an actual or perceived conflict of interest, one additional local counsel to all affected persons, taken as a whole). 

(b) The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and the Issuing Bank, and each Related Party
of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and
disbursements of any counsel (other than in-house counsel) for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by
<any >Borrower or any other Credit Party arising out of, in connection with, or as a result of
(i) the execution or delivery of this Agreement, any other Loan Document, any Bank Products Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder
or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing 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), (iii) any actual or alleged presence or Release of Hazardous Materials on or from any
property owned or operated by <any >Borrower or any of its Subsidiaries, or any Environmental
Liability related in any way to <any >Borrower or any of its Subsidiaries, or (iv) any
actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by <any >Borrower or any other Credit Party, and regardless of whether any Indemnitee is a party thereto;
provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (1) are determined by a court of competent jurisdiction by final and
non-appealable judgment to have resulted from (a) the gross negligence, bad faith or willful misconduct of such Indemnitee, or (b) any material breach of the obligations of such Indemnitee under this Agreement or any other Loan Document or
(2) arise out of or result from any dispute among Indemnitees that does not involve or arise from an act or omission by any Credit Party or any of their respective Affiliates and is brought by an Indemintee against any other Indemnitee (other
than (x) any claims against the Administrative Agent or its Affiliates in their respective capacities as the Administrative Agent, the Sole Lead Arranger or any similar role unless such claim would otherwise be excluded pursuant to subclause
(a) above). No Indemnitee shall be liable for any damages arising from the use by others of any information or other materials obtained through Syndtrak, Intralinks or any other Internet or intranet website, except as a result of such
Indemnitee’s gross negligence, bad faith or willful misconduct as determined by a court of competent jurisdiction in a final and non-appealable judgment. The Borrower shall not, without the prior written consent of any Indemnitee, effect any
settlement of any pending or threatened proceeding in respect of which such Indemnitee is a party and indemnity has been sought hereunder by such Indemnitee, unless such settlement includes an unconditional release of such Indemnitee from all
liability on claims that are the subject matter of such indemnity. For the avoidance of doubt, this Section 10.2(b) shall not apply with respect to Taxes other than any Taxes that represent liabilities, obligations, losses, claims,
damages, etc., arising with respect to a non-Tax claim. 

  
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 (c) The Borrower shall pay, and hold the Administrative Agent, the Issuing Bank and each of
the Lenders harmless from and against, any and all present and future stamp, documentary, and other similar taxes with respect to this Agreement and any other Loan Documents, any collateral described therein or any payments due thereunder, and save
the Administrative Agent, the Issuing Bank and each Lender harmless from and against any and all liabilities with respect to or resulting from any delay or omission to pay such taxes. 

(d) To the extent that the Borrower fails to pay any amount required to be paid to the Administrative Agent, the Issuing Bank or the Swing Bank
under subsection (a), (b) or (c) hereof, each Lender severally agrees to pay to the Administrative Agent, the Issuing Bank or the Swing Bank, as the case may be, such Lender’s pro rata share (in accordance with its respective
Aggregate Commitment Ratio as of the time that the unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified payment, claim, damage, liability or related expense, as the
case may be, was incurred by or asserted against the Administrative Agent, the Issuing Bank or the Swing Bank in its capacity as such. 
 (e)
To the extent permitted by Applicable Law, no Indemnitee or Credit Party shall assert, and each Indemnitee and Credit Party hereby waives, any claim against any Indemnitee or Credit Party, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to actual or direct damages) arising out of, in connection with or as a result of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated
therein, any Loan or any Letter of Credit or the use of proceeds thereof; provided, however, that nothing herein shall limit or otherwise impair any indemnification or reimbursement obligations of the Credit Parties in respect of any
third-party claims alleging such special, indirect, punitive, exemplary or consequential damages. 
 (f) All amounts due under this Section
shall be payable promptly (and in any event with five (5) Business Days) after written demand therefor. 
 Section 10.3
Waivers. The rights and remedies of the Lender Group under this Agreement, the other Loan Documents and the Bank Products Documents shall be cumulative and not exclusive of any rights or remedies which they would otherwise have. No failure or
delay by the Lender Group, or any of them, or the Majority Lenders in exercising any right shall operate as a waiver of such right. The Lender Group expressly reserves the right to require strict compliance with the terms of this Agreement in
connection with any funding of a request for an Advance. In the event the Lenders decide to fund a request for an Advance at a time when the Borrower is not in strict compliance with the terms of this Agreement, such decision by the Lenders shall
not be deemed to constitute an undertaking by the Lenders to fund any further requests for Advances or preclude the Lenders from exercising any rights available to the Lenders under the Loan Documents or at law or equity. Any waiver or indulgence
granted by the Lenders or by the Majority Lenders shall not constitute a modification of this Agreement, except to the extent expressly provided in such waiver or indulgence, or constitute a course of dealing by the Lenders at variance with the
terms of the Agreement such as to require further notice by the Lenders of the Lenders’ intent to require strict adherence to the terms of the Agreement in the future. Any such actions shall not in any way affect the ability of the Lenders, in
their discretion, to exercise any rights available to them under this Agreement or under any other agreement, whether or not the Lenders are party, relating to the Borrower. 

  
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 Section 10.4 Set-Off. In addition to any rights now or hereafter granted under
Applicable Law and not by way of limitation of any such rights, except to the extent limited by Applicable Law, at any time that an Event of Default exists, each member of the Lender Group and each subsequent holder of the Obligations is hereby
authorized by the Credit Parties at any time or from time to time, without notice to the Credit Parties or to any other Person, any such notice being hereby expressly waived, to set-off and to appropriate and apply any and all deposits (general or
special, time or demand, including, but not limited to, Indebtedness evidenced by certificates of deposit, in each case whether matured or unmatured, but not including any amounts held by any member of the Lender Group or any of its Affiliates in
any escrow account) and any other Indebtedness at any time held or owing by any member of the Lender Group or any such holder to or for the credit or the account of any Credit Party, against and on account of the obligations and liabilities of the
Credit Parties, to any member of the Lender Group or any such holder under this Agreement, any Revolving Loan Notes, any other Loan Document and any Bank Products Documents, including, but not limited to, all claims of any nature or description
arising out of or connected with this Agreement, any Revolving Loan Notes, any other Loan Document or any Bank Products Document, irrespective of whether or not (a) the Lender Group shall have made any demand hereunder or (b) the Lender
Group shall have declared the principal of and interest on the Loans and any Revolving Loan Notes and other amounts due hereunder to be due and payable as permitted by Section 8.2 and although said obligations and liabilities, or any of
them, shall be contingent or unmatured; provided that in the event that any Defaulting Lender shall exercise any such right of set-off, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further
application in accordance with the provisions of Section 2.17 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing
Bank, and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of set-off.
Any sums obtained by any member of the Lender Group or by any subsequent holder of the Obligations shall be subject to the application of payments provisions of Article 2. 

Section 10.5 Assignment. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that no Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by any Credit Party without
such consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly
contemplated hereby, the Affiliates of the Administrative Agent) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

  
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 (b) Any Lender (and any Lender that is an Issuing Bank) may assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Revolving Loan Commitment and the Loans at the time owing to it and, if applicable, all or a portion of its portion of the Letter of
Credit Commitment and excluding rights and obligations with respect to Bank Products Documents); provided that (i) except in the case of an assignment of the entire remaining amount of the assigning Lender’s portion of the Revolving
Loan Commitment and the Loans at the time owing to it, the aggregate amount of the portion of the Revolving Loan Commitment of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect
to such assignment is delivered to the Administrative Agent), shall not be less than $5,000,000, (ii) except in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, any assignment shall
require the prior written consent of the Administrative Agent and, so long as no Event of Default exists, the Borrower (each such consent not to be unreasonably withheld or delayed); provided, however, that if the consent of the
Borrower to an assignment or to an Eligible Assignee is required hereunder (including a consent to an assignment which does not meet the minimum assignment thresholds specified in this Section), the Borrower shall be deemed to have given its consent
ten (10) days after the date notice thereof has been delivered by the assigning Lender (through the Administrative Agent) unless such consent is expressly refused by the Borrower prior to such tenth day, and (iii) the parties to each
assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500, and the Eligible Assignee, if it shall not be a Lender, shall deliver to the Administrative
Agent an Administrative Questionnaire. Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment and Acceptance, the
Eligible Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the
extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this
Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.9, 2.18, 10.2(b), 11.3 and 11.5). Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (d) of this
Section. 
 (c) The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at the Administrative
Agent’s Office a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the portion of the Revolving Loan Commitment of, and principal amount (and stated
interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”) such that the obligations are in registered form for the purposes of the Code, including under Section 5f.103-1(c) of
the U.S. Treasury Regulations or its successor. The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof
as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior
notice. 

  
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 (d) Any Lender may, without the consent of, or notice to, the Borrower or the Administrative
Agent, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Revolving Loan
Commitment and/or the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance
of such obligations, (iii) the Borrower and the Lender Group shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and (iv) in no event shall any
Defaulting Lender, any Credit Party or any Affiliate of any Credit Party be a Participant. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, to the extent the
Participant is adversely effected thereby, agree to any amendment, modification or waiver with respect to any extensions, postponements or delays of the Maturity Date or the scheduled date of payment of interest or principal or fees any reduction of
principal (without a corresponding payment with respect thereto), or reduction in the rate of interest (other than a waiver in respect of application of the Default Rate) or fees due to the Lender hereunder or any other Loan Documents that adversely
affects such Participant. Subject to paragraph (e) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections, 2.9, 2.18, 10.2(b) and 11.3 to the same extent as if it
were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.4 as though it were a Lender,
provided such Participant agrees to be subject to Section 2.10(c) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on
which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the obligations under the Loan Documents (the “Participant Register”); provided
that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit
or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form for the purposes of the Code
including under Section 5f.103-1(c) of the United States Treasury Regulations or its successor. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in
the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no
responsibility for maintaining a Participant Register. 
 (e) A Participant shall not be entitled to receive any greater payment under
Section 2.18 or Section 11.3 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except to there is a Change in Law that occurs after the Participant
acquired the applicable participation or unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the
benefits of Section 2.18 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.18 as though it were a Lender. 

  
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 (f) 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 without limitation (i) any pledge or assignment to secure obligations to a Federal Reserve Bank and (ii) in the case of any Lender that is a Fund, any pledge
or assignment of all or any portion of such Lender’s rights under this Agreement to any holders of obligations owed, or securities issued, by such Lender as security for such obligations or securities, or to any trustee for, or any other
representative of, such holders, 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. 
 Section 10.6 Counterparts. This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such separate counterparts shall together constitute but one and the same instrument. In proving this Agreement or any other Loan
Document in any judicial proceedings, it shall not be necessary to produce or account for more than one such counterpart signed by the party against whom such enforcement is sought. Any signatures delivered by a party by facsimile transmission or by
e-mail transmission of an electronic file in Adobe Corporation’s Portable Document Format or PDF file shall be deemed an original signature hereto. The foregoing shall apply to each other Loan Document mutatis mutandis. 

Section 10.7 Under Seal; Governing Law. This Agreement and the other Loan Documents are intended to take effect as sealed
instruments and shall be construed in accordance with and governed by the laws of the State of New York, without regard to the conflict of laws principles thereof, except to the extent otherwise provided in the Loan Documents. 

Section 10.8 Severability. Any provision of this Agreement which is prohibited or unenforceable shall be ineffective to the extent
of such prohibition or unenforceability without invalidating the remaining provisions hereof in that jurisdiction or affecting the validity or enforceability of such provision in any other jurisdiction. 

Section 10.9 Headings. Headings used in this Agreement are for convenience only and shall not be used in connection with the
interpretation of any provision hereof. 
 Section 10.10 Source of Funds. Notwithstanding the use by the Lenders of the Base
Rate and the
<LIBOR>Term
SOFR Rate as reference rates for the determination of interest on the Loans, the Lenders shall be under no obligation to obtain funds from any particular source in order to charge interest to the
Borrower at interest rates tied to such reference rates. 
 Section 10.11 Entire Agreement. THIS WRITTEN AGREEMENT,
TOGETHER WITH THE OTHER LOAN DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN
THE PARTIES. Each 

  
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Credit Party represents and warrants to the Lender Group that it has read the provisions of this Section 10.11 and discussed the provisions of this Section 10.11 and the
rest of this Loan Agreement with counsel for such Credit Party, and such Credit Party acknowledges and agrees that the Lender Group is expressly relying upon such representations and warranties of such Credit Party (as well as the other
representations and warranties of such Credit Party set forth in this Agreement and the other Loan Documents) in entering into this Agreement. 

Section 10.12 Amendments and Waivers. 

(a) No failure or delay by the Administrative Agent, the Issuing Bank or any Lender in exercising any right or power hereunder or under any
other Loan Document, and no course of dealing between any Credit Party and the Administrative Agent or any Lender, shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or
discontinuance of steps to enforce such right or power, preclude any other or further exercise thereof or the exercise of any other right or power hereunder or thereunder. The rights and remedies of the Administrative Agent, the Issuing Bank and the
Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies provided by law. No waiver of any provision of this Agreement or of any other Loan Document or consent to any departure by any Credit
Party therefrom shall in any event be effective unless the same shall be permitted by subsection (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without
limiting the generality of the foregoing, the making of a Loan or the issuance of a Letter of Credit shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent, any Lender or the Issuing
Bank may have had notice or knowledge of such Default or Event of Default at the time. 
 (b) No amendment or waiver of any provision of this
Agreement or of the other Loan Documents (other than the Fee Letter), nor consent to any departure by any Credit Party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Borrower and the Majority
Lenders, or the Borrower and the Administrative Agent with the consent of the Majority Lenders, and then such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided
that, in addition to the consent of the Majority Lenders, no amendment, waiver or consent shall: 
 (i) increase the
Revolving Loan Commitment of any Lender without the written consent of such Lender; 
 (ii) reduce the principal amount of
any Loan or Letter of Credit Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender affected thereby; 

(iii) postpone the date fixed for any payment of any principal of, or interest on, any Loan or Letter of Credit Disbursement or
any fees hereunder or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date for the termination or reduction of the Revolving Loan Commitment, without the written consent of each Lender affected thereby; 

  
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 (iv) change Sections 2.10 or 2.11 in a manner that would alter
the allocation of payments required thereby, without the written consent of each Lender; 
 (v) change any of the provisions
of this subsection (b) or the definition of “Majority Lenders” or “Supermajority Lenders” or any other provision hereof specifying the number or percentage of Lenders which are required to waive, amend or modify any rights
hereunder or make any determination or grant any consent hereunder, without the consent of each Lender; 
 (vi) release of
all or substantially all of the Collateral, release all or substantially all of the value of the Guaranties securing the Obligations, or contractually subordinate the payment of the Obligations to any other Indebtedness or the Administrative
Agent’s security interest in the Collateral, in each case without the consent of each Lender; 
 (vii) increase the
advance rates set forth in, or otherwise change the definition of “Borrowing Base” (or any component definition thereof) in a manner that increases, or that would have the effect of increasing, borrowing availability hereunder, without the
consent of the Supermajority Lenders; provided that the exercise by the Administrative Agent of any of its rights hereunder with respect to Reserves, Eligible Accounts, or Eligible Inventory shall not be deemed to be such an amendment; or

 (viii) if Real Property secures any Obligations, no modification of a Loan Document shall add, increase, renew or extend
any credit line hereunder until the completion of flood diligence and documentation as required by all Flood Insurance Laws or as otherwise satisfactory to all Lenders. 

provided, further, that no such amendment, waiver or consent shall amend, modify or otherwise affect the rights, duties or obligations of the
Administrative Agent, the Swing Bank or the Issuing Bank without the prior written consent of such Person. 
 Notwithstanding anything to
the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Revolving Loan Commitment of such Lender may not be increased or extended, and amounts payable to
such Lender hereunder may not be permanently reduced, without the consent of such Lender (other than reductions in fees and interest in which such reduction does not disproportionately affect such Lender). Notwithstanding anything contained herein
to the contrary, this Agreement may be amended and restated without the consent of any Lender (but with the consent of the Borrower and the Administrative Agent) if, upon giving effect to such amendment and restatement, such Lender shall no longer
be a party to this Agreement (as so amended and restated), the Commitments of such Lender shall have terminated (but such Lender shall continue to be entitled to the benefits of Article 11 and Section 10.2), such Lender shall have
no other commitment or other obligation hereunder and such Lender shall have been paid in full all principal, interest and other amounts owing to it or accrued for its account under this Agreement. Any amendment, modification, waiver, consent,
termination or release of any Bank Products Documents may be effected by the parties thereto without the consent of the Lender Group. 

  
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 (c) Each Lender grants to the Administrative Agent the right to purchase all (but not less
than all) of such Lender’s portion of the Revolving Loan Commitment, the Letter of Credit Commitment, the Loans and Letter of Credit Obligations owing to it and any Revolving Loan Notes held by it and all of its rights and obligations hereunder
and under the other Loan Documents at a price equal to the outstanding principal amount of the Loans payable to such Lender plus any accrued but unpaid interest on such Loans and accrued but unpaid Unused Line Fee and letter of credit fees owing to
such Lender plus the amount necessary to cash collateralize any Letters of Credit issued by such Lender, which right may be exercised by the Administrative Agent if such Lender for whatever reason fails to execute and deliver any amendment, waiver
or consent which requires the written consent of all of the Lenders and to which the Majority Lenders, the Administrative Agent and the Borrower has agreed, within five (5) Business Days of the date the execution version thereof was delivered
to such Lender. Each Lender agrees that if the Administrative Agent exercises its option hereunder, it shall promptly (but, in any event, within three (3) Business Days) execute and deliver an Assignment and Acceptance and other agreements and
documentation necessary to effectuate such assignment. The Administrative Agent may assign its purchase rights hereunder to any assignee if such assignment complies with the requirements of Section 10.5(b). 

(d) If any fees are paid to the Lenders as consideration for amendments, waivers or consents with respect to this Agreement, at Administrative
Agent’s election, such fees may be paid only to those Lenders that agree to such amendments, waivers or consents within the time specified for submission thereof. 

(e)
 The Administrative Agent may make Conforming Changes from time to time
with respect to SOFR, Term SOFR or any Successor Rate. Notwithstanding anything to the contrary in any Loan
Document, any amendment implementing such changes shall be effective without further action or consent of
any party to any Loan Document. The Administrative Agent shall post or provide each such amendment to
Lenders and Borrower promptly after it becomes effective. 
 Section 10.13
Other Relationships. No relationship created hereunder or under any other Loan Document shall in any way affect the ability of any member of the Lender Group to enter into or maintain business relationships with the Borrower, or any of its
Affiliates, beyond the relationships specifically contemplated by this Agreement and the other Loan Documents. 
 Section 10.14
Pronouns. The pronouns used herein shall include, when appropriate, either gender and both singular and plural, and the grammatical construction of sentences shall conform thereto. 

Section 10.15 Disclosure. The Administrative Agent, with the consent of the Borrower, shall have the right to issue press releases
regarding the making of the Loans and issuance of Letters of Credit and the Revolving Loan Commitment to the Borrower pursuant to the terms of this Agreement. 

Section 10.16 Replacement of Lender. In the event that a Replacement Event occurs and is continuing with respect to any Lender,
the Borrower may designate another financial institution (such financial institution being herein called a “Replacement Lender”) reasonably acceptable to 

  
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the Administrative Agent, and which is not the Borrower or an Affiliate of the Borrower, to assume such Lender’s Revolving Loan Commitment hereunder, to purchase the Loans and participations
of such Lender and such Lender’s rights hereunder and (if such Lender is the Issuing Bank) to issue Letters of Credit in substitution for all outstanding Letters of Credit issued by such Lender, without recourse to or representation or warranty
by, or expense to, such Lender for a purchase price equal to the outstanding principal amount of the Loans payable to such Lender plus any accrued but unpaid interest on such Loans and accrued but unpaid commitment fees and letter of credit fees
owing to such Lender plus amounts necessary to cash collateralize any Letters of Credit issued by such Lender, and upon such assumption, purchase and substitution, and subject to the execution and delivery to the Administrative Agent by the
Replacement Lender of documentation reasonably satisfactory to the Administrative Agent (pursuant to which such Replacement Lender shall assume the obligations of such original Lender under this Agreement), the Replacement Lender shall succeed to
the rights and obligations of such Lender hereunder and such Lender shall no longer be a party hereto or have any rights hereunder; provided that the obligations of the Borrower to indemnify such Lender with respect to any event occurring or
obligations arising before such replacement shall survive such replacement. The Administrative Agent is hereby irrevocably appointed as attorney-in-fact to execute any such documentation on behalf of any Replacement Lender if such Replacement Lender
fails to execute same within five (5) Business Days after being presented with such documentation. “Replacement Event” shall mean, with respect to any Lender, (a) the commencement of or the taking of possession by, a receiver,
custodian, conservator, trustee or liquidator of such Lender, or the declaration by the appropriate regulatory authority that such Lender is insolvent; (b) the making of any claim by any Lender under Sections 2.18, 11.2,
11.3 or 11.5, unless the changing of the lending office by such Lender would obviate the need of such Lender to make future claims under such Sections; (c) such Lender’s becoming a Defaulting Lender; or (d) such Lender
refuses to consent to a proposed amendment, modification, waiver or other action requiring consent of the holders of 100% of the Revolving Loan Commitment or 100% of the affected Lenders under Section 10.12 that is consented to by the
Majority Lenders prior to the replacement of any such Lenders in connection therewith. 
 Section 10.17 Confidentiality; Material
Non-Public Information; Publicity. 
 (a) No member of the Lender Group shall disclose any material non-public confidential information
received from the Credit Parties or their representatives (“MNPI”) regarding the Credit Parties to any other Person without the consent of the Borrower (which consent shall not be unreasonably withheld or delayed), other than
(i) to such member of the Lender Group’s Affiliates and their officers, directors, employees, agents and advisors, to other members of the Lender Group and, as contemplated by Section 11.5, to actual or prospective assignees
and participants, and then only on a confidential basis, (ii) as required by any law, rule or regulation or judicial process, (iii) to any rating agency when required by it; provided that, prior to any such disclosure, such rating
agency shall be advised of the confidential nature of the information relating to the Credit Parties received by it from such member of the Lender Group, (iv) as requested or required by any state, Federal or foreign authority or examiner
regulating banks or banking, and (v) in connection with the exercise of any remedy hereunder or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder. 

  
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 (b) The Credit Parties hereby agree that if either they, any parent company or any
Subsidiary of the Credit Parties has publicly traded equity or debt securities in the U.S., they shall (and shall cause such parent company or Subsidiary, as the case may be, to) (i) identify in writing, and (ii) to the extent reasonably
practicable, clearly and conspicuously mark all reports, notices, communications and other information or materials provided or delivered by, or on behalf of, the Credit Parties hereunder (collectively, the “Borrower Materials”)
that contain only information that is publicly available or that is not material for purposes of U.S. federal and state securities laws as “PUBLIC.” The Credit Parties agree that by identifying such Borrower Materials as “PUBLIC”
or publicly filing such Borrower Materials with the Securities and Exchange Commission, then Administrative Agent, the Lenders, the Issuing Bank, and the Swing Bank shall be entitled to treat such Borrower Materials as not containing any MNPI for
purposes of U.S. federal and state securities laws. The Credit Parties further represent, warrant, acknowledge and agree that the following documents and materials shall be deemed to be PUBLIC, whether or not so marked, and do not contain any MNPI:
(A) the Loan Documents, including the schedules and exhibits attached thereto, (B) administrative materials of a customary nature prepared by the Credit Parties or Administrative Agent (including, Request for Advance, Notices of
Conversion/Continuation, Request for Issuance of Letter of Credit, Swing Loan requests and any similar requests or notices), and (C) information which has been filed by the Credit Parties with the Securities and Exchange Commission or publicly
disclosed by the Credit Parties. Before distribution of any Borrower Materials, the Credit Parties agree to execute and deliver to Administrative Agent a letter authorizing distribution of the evaluation materials to prospective Lenders and their
employees willing to receive MNPI, and a separate letter authorizing distribution of evaluation materials that do not contain MNPI and represent that no MNPI is contained therein. 

(c) The Administrative Agent and the Lenders shall be permitted to use information related to the transactions contemplated by this Agreement
in connection with marketing, press releases or other transactional announcements or updates provided to investor or trade publications, including, but not limited to, the placement of “tombstone” advertisements in publications of their
choice at their own expense. 
 Section 10.18 Revival and Reinstatement of Obligations. If the incurrence or payment of the
Obligations by <any >Borrower or any other Credit Party, or the transfer to the Lender Group of any
property, should for any reason subsequently be declared to be void or voidable under any state or Federal law relating to creditors’ rights, including provisions of the Bankruptcy Code relating to fraudulent conveyances, preferences or other
voidable or recoverable payments of money or transfers of property (collectively, a “Voidable Transfer”), and if the Lender Group, or any of them, is required to repay or restore, in whole or in part, any such Voidable Transfer, or elects
to do so upon the reasonable advice of its counsel, then, as to any such Voidable Transfer, or the amount thereof that the Lender Group, or any of them, is required or elects to repay or restore, and as to all reasonable costs, expenses and
attorney’s fees of the Lender Group related thereto, the liability of <such >Borrower or
such other Credit Party, as applicable, automatically shall be revived, reinstated and restored and shall exist as though such Voidable Transfer had never been made. 

  
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 Section 10.19 Contribution Obligations. 

(a) If any Credit Party makes a payment of any Obligations (other than amounts for which such Credit Party is primarily liable) (a
“Guarantor Payment”) that, taking into account all other Guarantor Payments previously or concurrently made by any other Credit Party, exceeds the amount that such Credit Party would otherwise have paid if each Credit Party had paid
the aggregate obligations satisfied by such Guarantor Payments in the same proportion that such Credit Party’s allocable amount bore to the total allocable amounts of all Credit Parties, then such Credit Party shall be entitled to receive
contribution and indemnification payments from, and to be reimbursed by, each other Credit Party for the amount of such excess, ratably based on their respective allocable amounts in effect immediately prior to such Guarantor Payment. The
“Allocable Amount” for any Credit Party shall be the maximum amount that could then be recovered from such Credit Party under this Agreement without rendering such payment voidable under section 548 of the Bankruptcy Code or under
any applicable state fraudulent transfer or conveyance act, or similar statute or common law. 
 (b) Each Credit Party hereby subordinates
any claims, including any right of payment, subrogation, contribution (including rights of contribution pursuant to Section 10.19(a)) and indemnity, that it may have from or against any other Credit Party, and any successor or assign of
any other Credit Party, including any trustee, receiver or debtor-in-possession, howsoever arising, due or owing or whether heretofore, now or hereafter existing, to the prior payment in full of all of the Obligations in cash and termination of all
Commitments; provided that, unless an Event of Default shall then exist, the foregoing shall not prevent or prohibit the repayment of intercompany accounts and loans among the Credit Parties in the ordinary course of business. 

(c) Notwithstanding any provision to the contrary contained herein or in any other of the Loan Documents, to the extent the joint obligations
of any Credit Party shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or Federal law relating to fraudulent conveyances or transfers) then the obligations of each
Credit Party hereunder shall be limited to the maximum amount that is permissible under Applicable Law (whether Federal or state and including, without limitation, the Bankruptcy Code), after taking into account, among other things, such Credit
Party’s right of contribution and indemnification from each other Credit Party under this Agreement or Applicable Law. 
 (d) The
provisions of this Section 10.19 are made for the benefit of the Lenders and their respective successors and permitted assigns, and may be enforced by any such Person from time to time against any of the Credit Parties as often as
occasion therefor may arise and without requirement on the part of any Lender first to marshal any of its claims or to exercise any of its rights against any of the other Credit Parties or to exhaust any remedies available to it against any of the
other Credit Parties or to resort to any other source or means of obtaining payment of any of the Obligations or to elect any other remedy. The provisions of this Section 10.19 shall remain in effect until the payment in full of all of
the Obligations in cash and termination of all Commitments. If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by any Lender upon the insolvency,
bankruptcy or reorganization of any of the Credit Parties, or otherwise, the provisions of this Section 10.19 will forthwith be reinstated in effect, as though such payment had not been made. 

  
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 Section 10.20 No Advisory or Fiduciary Responsibility. In connection with all
aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Credit Party acknowledges and agrees that: (a) (i) the arranging and
other services regarding this Agreement provided by the Lender Group members are arm’s-length commercial transactions between such Credit Party and its Affiliates, on the one hand, and the Lender Group members, on the other hand, (ii) such
Credit Party has consulted its own legal, accounting, regulatory, and tax advisors to the extent it has deemed appropriate, and (iii) such Credit Party is capable of evaluating, and understands and accepts, the terms, risks, and conditions of
the transactions contemplated hereby and by the other Loan Documents; (b) (i) each of the Lender Group members is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been,
is not, and will not be acting as an advisor, agent, or fiduciary for any Credit Party or any of its Affiliates, or any other Person and (B) no Lender Group member has any obligation to any Credit Party or any of its Affiliates with respect to
the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (c) each of the Lender Group members and their respective Affiliates may be engaged in a broad range of transactions
that involve interests that differ from those of such Credit Party and its Affiliates, and no Lender Group member has any obligation to disclose any of such interests to such Credit Party or its Affiliates. To the fullest extent permitted by law,
each Credit Party hereby waives and releases any claims that it may have against each of the Lender Group members with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated
hereby. 
 Section 10.21 Survival. The provisions of Sections 10.2, Article 9 and Article 11 shall survive
and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement
or any provision hereof. 
 Section 10.22 Judgment Currency. If for the purposes of obtaining judgment in any court it is
necessary to convert a sum due from any Credit Party hereunder in the currency expressed to be payable herein (the “specified currency”) into another currency, the parties hereto agree, to the fullest extent that they may
effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the specified currency with such other currency at the Administrative Agent’s main
office on the Business Day preceding that on which final, non-appealable judgment is given. The obligations of each Credit Party in respect of any sum due to any Lender or the Administrative Agent hereunder shall, notwithstanding any judgment in a
currency other than the specified currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the Administrative Agent (as the case may be) of any sum adjudged to be so due in such other currency such
Lender or the Administrative Agent (as the case may be) may in accordance with normal, reasonable banking procedures purchase the specified currency with such other currency. If the amount of the specified currency so purchased is less than the sum
originally due to such Lender or the Administrative Agent, as the case may be, in the specified currency, each Credit Party agrees, to the fullest extent that it may effectively do so, as a separate obligation and 

  
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notwithstanding any such judgment, to indemnify such Lender or the Administrative Agent, as the case may be, against such loss, and if the amount of the specified currency so purchased exceeds
(a) the sum originally due to any Lender or the Administrative Agent, as the case may be, in the specified currency and (b) any amounts shared with other Lenders as a result of allocations of such excess as a disproportionate payment to
such Lender under Section 2.10, such Lender or the Administrative Agent, as the case may be, agrees to remit such excess to such Credit Party. 

Section 10.23 Qualified ECP Keepwell. Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and
irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Credit Party to honor all of such Credit Party’s obligations under its Guaranty hereunder in respect of Hedge Obligations;
provided, however, that each Qualified ECP Guarantor shall only be liable under this Section 10.23 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this
Section 10.23 or otherwise under its Guaranty hereunder, as it relates to such other Credit Party, voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations
of each Qualified ECP Guarantor under this Section 10.23 shall remain in full force and effect until termination of all Commitments and payment in full of all Obligations (other than contingent indemnification obligations and Bank
Products Obligations) and the expiration or termination of all Letters of Credit (other than any Letter of Credit for which the Letter of Credit Obligations have been Cash Collateralized or as to which other arrangements satisfactory to the
Administrative Agent and the applicable Issuing Bank shall have been made). Each Qualified ECP Guarantor intends that this Section 10.23 constitute, and this Section 10.23 shall be deemed to constitute, a “keepwell,
support, or other agreement” for the benefit of each other Credit Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 

Section 10.24 Designated Senior Debt. Each party acknowledges and agrees that the Indebtedness under the Loan Documents is
“Designated Senior Debt” (or any similar term) under, and as defined in, each of the Term Loan Facility Credit Agreement, any refinancing thereof, the 2028 Note Indenture any other indenture and any other Indebtedness which is subordinated
to the Obligations. 
 Section 10.25 Acknowledgement and Consent to Bail-In of <EEA>Affected
 Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges
that any liability of any
<EEA>Affected
 Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of <an EEA>a 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
<an
EEA>a Resolution Authority to any such
liabilities arising hereunder which may be payable to it by any party hereto that is an <EEA>Affected Financial Institution; and 

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

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

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such <EEA>Affected
 Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in
lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 
 (iii) the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any <EEA >Resolution Authority. 
 Section 10.26 Patriot Act Notification. The following
notification is provided to Borrower pursuant to Section 326 of the Patriot Act: 
 The Administrative Agent and Lenders
are required to obtain, verify and record information that identifies Borrower, including its legal name, address, tax ID number and other information that will allow the Administrative Agent and Lenders to identify it in accordance with the Patriot
Act. The Administrative Agent and Lenders will also require information regarding any personal guarantor and may require information regarding Borrower’s management and owners, such as legal name, address, social security number and date of
birth. Borrower shall, promptly upon request, provide all documentation and other information as the Administrative Agent, Issuing Bank or any Lender may request from time to time in order to comply with any obligations under any “know your
customer”, Anti-Terrorism Laws or other requirements of Applicable Law. 
 Section 10.27 Acknowledgement Regarding Any
Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Hedge Agreement or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each
such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable
notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States): 

(a) In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding
under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing
such Supported QFC or such QFC Credit Support) from such Covered Party will 

  
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be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and
rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime,
Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be
exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that
rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support. 

(b) As used in this Section 10.27, the following terms have the following meanings: 

“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance
with, 12 U.S.C. 1841(k)) of such party. 
 “Covered Entity” means any of the following: (i) a “covered
entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or
(iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b). 

“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§
252.81, 47.2 or 382.1, as applicable. 
 “QFC” has the meaning assigned to the term “qualified financial
contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 ARTICLE 11 

YIELD PROTECTION 

Section 11.1 Interest Rate Basis Determination. 

(a)
 If in connection with any request for a Term SOFR Loan or a
conversion to or continuation thereof, as applicable, (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) no Successor Rate has been determined
in accordance with Section 11.1(b), and the circumstances under clause (i) of
Section 11.1(b) or the Scheduled Unavailability Date has occurred (as applicable), or (B) adequate and reasonable means do not otherwise exist for determining Term SOFR for any requested Interest Period
with respect to a proposed Term SOFR Loan or in connection with an existing or proposed Base Rate Loan, or
(ii) the Administrative Agent or Majority Lenders determine that for any reason Term SOFR for any requested Interest Period with respect to a proposed Term SOFR Loan does not adequately and fairly reflect the cost to such Lenders of funding
such Loan, the Administrative Agent will promptly so notify Borrower and
Lenders. Thereafter, (x) the obligation of Lenders to make, maintain, or convert Base Rate Loans to, Term SOFR Loans shall be suspended (to the  

  
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extent of the affected Term SOFR
Loans or Interest Periods), and (y) in the event of a determination described in the preceding sentence with respect to the Term SOFR component of Base Rate, the
utilization of such component in determining Base Rate shall be suspended, in each case until the Administrative Agent (or, in the case of a determination by Majority Lenders described above, until the Administrative Agent upon instruction of
Majority Lenders) revokes such notice. Upon receipt of such notice, (I) Borrower
 may revoke any pending request for a Borrowing, conversion or continuation of Term SOFR Loans (to the extent of the affected
Term SOFR Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for Base Rate Loans, and (II) any outstanding Term SOFR Loans shall convert to Base Rate Loans at the end of their respective
Interest Periods. 
 (b) Notwithstanding anything to the contrary in <this Agreement or >any
<other >Loan
<Documents>Document
, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or
<the >Borrower
Agent or Majority Lenders notify the Administrative Agent
(with, in the case of the Majority Lenders, a copy to <the >Borrower) that <the >Borrower or Majority Lenders (as applicable) have determined, that: 

(i)
 (a) adequate and reasonable means do not
exist for ascertaining <LIBOR >for any requested
Interest Periodone, three and six month interest periods of Term SOFR, including<, without limitation,> because the <LIBOR>Term SOFR
Screen Rate is not available or published on a current
basis, and such circumstances are unlikely to be temporary;
or 

(ii)
 (b) 
<the>CME or any successor administrator of
the
<LIBOR>Term
 SOFR Screen Rate or a Governmental Authority having jurisdiction over <the Administrative
Agent>Agent, CME or such administrator with respect to its publication of Term SOFR, in each case
acting in such capacity, has made a public statement identifying a specific date after which <LIBOR or
the LIBOR>one, three and six month interest periods of Term SOFR or the Term SOFR Screen Rate shall or will no
longer be made available<,> or permitted to be used for determining the interest rate of <loans,>U.S. dollar
denominated syndicated loans, or shall or will otherwise cease, provided, that<,> at the time of such statement, there is no successor administrator <that is >satisfactory to <the Administrative Agent,>Agent that will continue to provide <LIBOR>such interest
periods of Term SOFR after such specific date (<such specific date, the>the latest date on which one, three and six month interest periods of Term SOFR or the Term SOFR Screen Rate are no longer
available permanently or indefinitely, “Scheduled
Unavailability Date”);< or>

 (c) <syndicated loans currently being
executed, or that include language similar to that contained in this Section 11.1, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR,> 
 then,
<reasonably promptly after such
determination>on a date and time determined by
the Administrative Agent <or receipt by the Administrative Agent of such notice, as applicable>(any such date, “Term SOFR Replacement Date”), which date shall be at the end of an Interest Period or on the
relevant interest payment date, as applicable, for interest calculated and, solely with respect to clause (b) above, no later than the Scheduled Unavailability Date, Term 

  
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SOFR will be replaced hereunder and under any other applicable
Loan Document with Daily Simple SOFR plus the SOFR Adjustment, for any payment period for interest calculated that can be determined by Agent, in each case, without any amendment to, or further action or consent of any other party to, any Loan
Document (“Successor Rate”). If the Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest will be payable on a monthly basis. Notwithstanding anything to the contrary herein, (x) if the Administrative Agent
determines that Daily Simple SOFR is not available on or prior to the Term SOFR Replacement Date or (y) if the events or circumstances of the type described in clauses (a) or (b) above have occurred with respect to the Successor Rate
then in effect, then in each case, the Administrative Agent and <the >Borrower may amend this Agreement <to replace LIBOR with (x) one or more SOFR-Based Rates or (y) another
alternate>solely for the purpose of replacing Term SOFR or any then current Successor Rate in
accordance with this Section at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, as applicable, with an alternative benchmark rate giving
due consideration to any evolving or then existing convention for such alternative benchmarks in similar U.S. dollar denominated syndicated credit facilities <for such alternative benchmarks>syndicated and agented in the United States and, in each case, including
any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for
such benchmarks in similar U.S. dollar denominated <syndicated >credit facilities
<for such
benchmarks>syndicated and agented in the United States, which adjustment or method for calculating such adjustment shall be published on an information service <as
>selected by the Administrative Agent from time to time in its <reasonable >discretion and may be periodically updated< (the “Adjustment” and>. For the avoidance of doubt, any such proposed rate<, a “LIBOR> and
adjustments shall constitute a Successor Rate<”), and any>. Any such amendment shall become effective at 5:00 p.m. on the fifth
Business Day after the Administrative Agent <shall have
posted>posts such proposed amendment to all
Lenders and <the >Borrower unless, prior to such time, <Lenders comprising the >Majority Lenders have delivered to the Administrative
deliver to Agent written notice that <such >Majority Lenders
<(A) in the case of an amendment to replace LIBOR with a rate described in clause (x), object to the Adjustment; or (B) in the case of an amendment to
replace LIBOR with a rate described in clause (y), object to such amendment. Such LIBOR
Successor>object to the amendment. The Administrative Agent will promptly (in one or more notices)
notify Borrower and Lenders of implementation of any Successor Rate. A Successor Rate shall be applied in a manner consistent with market practice; provided, that to the extent <such >market practice is not administratively feasible for the Administrative Agent, <such
LIBOR>the Successor Rate shall be applied in a
manner as otherwise reasonably determined by the Administrative Agent. 
 <If no LIBOR >Successor Rate has been determined and the
circumstances under clause (i) <above exist
>or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify <the Borrower and each Lender>. Thereafter, (x) the obligation
of <the Lenders to make or maintain LIBOR Advances shall be suspended, >(to the extent of the affected <LIBOR Advances >or Interest Periods), and (y) <the LIBOR component shall no longer
be utilized in determining the Base Rate>. Upon receipt of such notice, <the >Borrower may revoke any pending request for a Borrowing
<of, conversion to or continuation of LIBOR Advances
>(to the extent of the affected <LIBOR Advances
or Interest Periods>) or, failing that, will be deemed to have converted such request into a request for <a borrowing of Base Rate Advances (subject to the foregoing clause (y)) in the amount specified therein.>

  
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 Notwithstanding anything else herein, if at any <definition of
LIBOR>time any Successor Rate <shall provide >that in no event shall <such LIBOR Successor
Rate>as so determined would otherwise be less
than zero<
for>, the Successor Rate will be deemed to be zero for all purposes of <this
Agreement>the Loan Documents. 

<In connection with the implementation of a LIBOR
Successor Rate, the Administrative Agent will have the right to make LIBOR Successor Rate >Conforming Changes from time to time <and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such LIBOR Successor Rate Conforming Changes will become
effective without any >further action or consent of any
<other party to this Agreement.> 

<For purposes hereof:> 

<”LIBOR Successor Rate Conforming
Changes” means, with respect to any proposed LIBOR Successor Rate>, any conforming changes to the <definition of Base Rate, >Interest Period, timing and frequency of
determining rates and making payments of interest and other technical, administrative or operational matters as may be appropriate, in the
<discretion of the Administrative Agent>, to
reflect the adoption and implementation of such <LIBOR Successor Rate >and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines
that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such
<LIBOR Successor Rate >exists, in such other
manner of administration as <the
>Administrative Agent determines is reasonably necessary in connection with the administration of <this Agreement).> 

<”Relevant Governmental
Body” means the Federal Reserve Board and/>or the Federal Reserve Bank of New York<, or a committee officially endorsed or convened by the Federal Reserve Board and/or the >Federal Reserve Bank of New York <for the purpose of recommending a
benchmark rate to replace LIBOR in loan agreements similar to this Agreement.> 

<”SOFR” with respect to
any day means >the secured overnight financing rate published <for such day by >the Federal Reserve Bank of New
York<, as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s >website (or any successor source<) and, in each case, that has been
selected or recommended by the Relevant Governmental Body.> 
 <”SOFR-Based Rate” means SOFR or Term SOFR.> 

<”Term SOFR” means the
forward-looking term rate for any period that is approximately (as >determined by the Administrative Agent<) as long as any of the Interest Period options set forth in the definition of “Interest Period” and that is based on SOFR and that has been selected or
recommended by the Relevant Governmental Body, in each case as published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion.>

  
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Section 
11.3 Section 11.2 Illegality. If any Change in Law shall make it unlawful or impossible
for any Lender to make, maintain, or fund its
<LIBOR>Term
 SOFR Advances, such Lender shall so notify the Administrative Agent, and the Administrative Agent shall forthwith give notice thereof to the other Lenders and the Borrower. Before giving any
notice to the Administrative Agent pursuant to this Section 11.2, such Lender shall designate a different lending office if such designation will avoid the need for giving such notice and will not, in the judgment of such Lender, be
otherwise disadvantageous to such Lender. Upon receipt of such notice, notwithstanding anything contained in Article 2, the Borrower shall repay in full the then outstanding principal amount of each affected <LIBOR>Term
SOFR Advance of such Lender, together with accrued interest thereon, either (a) on the last day of the then current Interest Period applicable to such Advance if such Lender may lawfully
continue to maintain and fund such Advance to such day or (b) immediately if such Lender may not lawfully continue to fund and maintain such Advance to such day. Concurrently with repaying each affected <LIBOR>Term
SOFR Advance of such Lender, notwithstanding anything contained in Article 2, the Borrower shall borrow a Base Rate Advance from such Lender, and such Lender shall make such Advance in an
amount such that the outstanding principal amount of the Revolving Loans held by such Lender shall equal the outstanding principal amount of such Revolving Loans immediately prior to such repayment. 

Section 
11.4 Section 11.3 Increased Costs. 

(a) If any Change in Law: 

(i) Shall subject any Lender to any Tax, duty, or other charge with respect to its obligation to make <LIBOR>Term
SOFR Advances, or shall change the basis of taxation of payments to any Lender of the principal of or interest on its
<LIBOR>Term
 SOFR Advances or in respect of any other amounts due under this Agreement in respect of its
<LIBOR>Term
 SOFR Advances or its obligation to make <LIBOR>Term SOFR Advances (except for changes in the rate of tax on the overall
net income of such Lender, Excluded Taxes and Indemnified Taxes); 
 (ii) Shall impose, modify, or deem applicable any
reserve (including, without limitation, any imposed by the Board of Governors of the Federal Reserve System, but excluding any included in an applicable
<LIBOR>Term
SOFR Reserve Percentage), special deposit, assessment, or other requirement or condition against assets of, deposits (other than as described in Section 11.5) with or for the account
of, or commitments or credit extended by any Lender, or shall impose on any Lender or the eurodollar interbank borrowing market any other condition affecting its obligation to make such <LIBOR>Term
SOFR Advances or its <LIBOR>Term SOFR Advances; and the result of any of the foregoing is to
increase the cost to such Lender of making or maintaining any such <LIBOR>Term SOFR Advances or to reduce the amount of any sum received or
receivable by the Lender under this Agreement or under any Revolving Loan Notes with respect thereto, and such increase is not given effect in the determination of the
<LIBOR>Term
 SOFR Rate; 
 (iii) Shall subject the Issuing Bank or any Lender
to any tax, duty or other charge with respect to the obligation to issue Letters of Credit, maintain Letters of Credit or participate in Letters of Credit, or shall change the basis of taxation of payments to the Issuing Bank or any Lender in
respect of amounts drawn under Letters of Credit or in respect of any other amounts due under this Agreement in respect of Letters of Credit or the obligation of the Issuing Bank to issue Letters of Credit or maintain Letters of Credit or the
obligation of the Lenders to participate in Letters of Credit (except for changes in the rate of tax on the overall net income of the Issuing Bank or any Lender, Excluded Taxes and Indemnified Taxes); or 

  
 -193- 

 (iv) Shall impose, modify, or deem applicable any reserve (including,
without limitation, any imposed by the Board of Governors of the Federal Reserve System), special deposit, assessment, or other requirement or condition against assets of, deposits (other than as described in Section 11.5) with or for
the account of, or commitments or credit extended by the Issuing Bank, or shall impose on the Issuing Bank or any Lender any other condition affecting the obligation to issue Letters of Credit, maintain Letters of Credit or participate in Letters of
Credit; and the result of any of the foregoing is to increase the cost to the Issuing Bank or any Lender of issuing, maintaining or participating in any such Letters of Credit or to reduce the amount of any sum received or receivable by the Issuing
Bank or any Lender under this Agreement with respect thereto, 
 then promptly upon demand, which demand shall be accompanied by the certificate described
in Section 11.3(b), by such Lender or Issuing Bank, the Borrower agrees to pay, without duplication of amounts due under Section 2.18, to such Lender or Issuing Bank such additional amount or amounts as will compensate such
Lender or Issuing Bank for such increased costs. Each Lender or Issuing Bank will promptly notify the Borrower and the Administrative Agent of any event of which it has knowledge, occurring after the date hereof, which will entitle such Lender or
the Issuing Bank to compensation pursuant to this Section 11.3 and will designate a different lending office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the sole judgment of
such Lender or the Issuing Bank, be otherwise disadvantageous to such Lender or the Issuing Bank. 
 (b) A certificate of any Lender or the
Issuing Bank claiming compensation under this Section 11.3 and setting forth the additional amount or amounts to be paid to it hereunder and calculations therefor shall be conclusive in the absence of manifest error. In determining such
amount, such Lender or the Issuing Bank may use any reasonable averaging and attribution methods. If any Lender demands compensation under this Section 11.3, the Borrower may at any time, upon at least three (3) Business Days prior
notice to such Lender, prepay in full the then outstanding affected <LIBOR>Term SOFR Advances of such Lender, together with accrued interest
thereon to the date of prepayment, along with any reimbursement required under Section 2.9. Concurrently with prepaying any such
<LIBOR>Term
 SOFR Advances, the Borrower shall borrow a Base Rate Advance, or a <LIBOR>Term SOFR Advance not so affected, from such Lender, and such Lender
shall make such Advance in an amount such that the outstanding principal amount of the Revolving Loans held by such Lender shall equal the outstanding principal amount of such Revolving Loans immediately prior to such prepayment. 

(c) The Issuing Bank and each Lender shall endeavor to notify the Borrower of any event occurring after the date of this Agreement entitling
the Issuing Bank or such Lender, as the case may be, to compensation under this Section 11.3 within one hundred eighty (180) days after the Issuing Bank or such Lender, as the case may be, obtains actual knowledge thereof;
provided that if the Issuing Bank or such Lender, as the case may be, fails to give such notice within one hundred eighty (180) days after it obtains actual knowledge of such an event, the Issuing

  
 -194- 

 
Bank or such Lender, as the case may be, shall, with respect to compensation payable pursuant to this Section 11.3 in respect of any costs resulting from such event, only be entitled
to payment under this Section 11.3 for costs incurred from and after the date one hundred eighty (180) days prior to the date that the Issuing Bank or such Lender, as the case may be, gives such notice. 

Section 
11.5 Section 11.4 Effect On Other Advances. If notice has been given pursuant to
Sections 11.1, 11.2 or 11.3 suspending the obligation of any Lender to make any, or requiring <LIBOR>Term SOFR Advances of any Lender to be repaid or prepaid, then, unless
and until such Lender (or, in the case of Section 11.1, the Administrative Agent) notifies the Borrower that the circumstances giving rise to such repayment no longer apply, all Advances which would otherwise be made by such Lender as to
the
<LIBOR>Term
 SOFR Advances affected shall, at the option of the Borrower, be made instead as Base Rate Advances. 

Section 
11.6 Section 11.5 Capital Adequacy. If any Lender or Issuing Bank (or any Affiliate of
the foregoing) shall have reasonably determined that a Change in Law has or would have the effect of reducing the rate of return on such Lender’s or Issuing Bank’s (or any Affiliate of the foregoing) capital as a consequence of such
Lender’s or Issuing Bank’s portion of the Revolving Loan Commitment or obligations hereunder to a level below that which it could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Bank’s
(or any Affiliate of the foregoing) policies with respect to capital adequacy or liquidity immediately before such Change in Law and assuming that such Lender’s or Issuing Bank’s (or any Affiliate of the foregoing) capital was fully
utilized prior to such adoption, change or compliance), then, promptly upon demand, which demand shall be accompanied by the certificate described in the last sentence of this Section 11.5, by such Lender or Issuing Bank, the Borrower
shall immediately pay to such Lender or Issuing Bank such additional amounts as shall be sufficient to compensate such Lender or Issuing Bank for any such reduction actually suffered; provided, however, that there shall be no
duplication of amounts paid to a Lender pursuant to this sentence and Section 11.3. A certificate of such Lender or Issuing Bank setting forth the amount to be paid to such Lender or Issuing Bank by the Borrower as a result of any event
referred to in this paragraph shall, absent manifest error, be conclusive. The Issuing Bank and each Lender shall endeavor to notify the Borrower of any event occurring after the date of this Agreement entitling the Issuing Bank or such Lender, as
the case may be, to compensation under this Section 11.5 within one hundred eighty (180) days after the Issuing Bank or such Lender, as the case may be, obtains actual knowledge thereof; provided that if the Issuing Bank or
such Lender, as the case may be, fails to give such notice within one hundred eighty (180) days after it obtains actual knowledge of such an event, the Issuing Bank or such Lender, as the case may be, shall, with respect to compensation payable
pursuant to this Section 11.5 in respect of any costs resulting from such event, only be entitled to payment under this Section 11.5 for costs incurred from and after the date one hundred eighty (180) days prior to the
date that the Issuing Bank or such Lender, as the case may be, gives such notice. 

  
 -195- 

 ARTICLE 12 

JURISDICTION, VENUE AND WAIVER OF JURY TRIAL 

Section 12.1 Jurisdiction and Service of Process. FOR PURPOSES OF ANY LEGAL ACTION OR PROCEEDING BROUGHT BY ANY MEMBER OF THE
LENDER GROUP WITH RESPECT TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR ANY BANK PRODUCTS DOCUMENT, EACH CREDIT PARTY HEREBY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION OF THE FEDERAL AND STATE COURTS SITTING IN THE STATE OF NEW YORK AND HEREBY
IRREVOCABLY DESIGNATES AND APPOINTS, AS ITS AUTHORIZED AGENT FOR SERVICE OF PROCESS, THE BORROWER, OR SUCH OTHER PERSON AS SUCH CREDIT PARTY SHALL DESIGNATE HEREAFTER BY WRITTEN NOTICE GIVEN TO THE ADMINISTRATIVE AGENT. THE CONSENT TO JURISDICTION
HEREIN SHALL NOT BE EXCLUSIVE. THE LENDER GROUP SHALL FOR ALL PURPOSES AUTOMATICALLY, AND WITHOUT ANY ACT ON THEIR PART, BE ENTITLED TO TREAT SUCH DESIGNEE OF EACH CREDIT PARTY AS THE AUTHORIZED AGENT TO RECEIVE FOR AND ON BEHALF OF SUCH CREDIT
PARTY SERVICE OF WRITS, OR SUMMONS OR OTHER LEGAL PROCESS, WHICH SERVICE SHALL BE DEEMED EFFECTIVE PERSONAL SERVICE ON SUCH CREDIT PARTY SERVED WHEN DELIVERED, WHETHER OR NOT SUCH AGENT GIVES NOTICE TO SUCH CREDIT PARTY; AND DELIVERY OF SUCH SERVICE
TO ITS AUTHORIZED AGENT SHALL BE DEEMED TO BE MADE WHEN PERSONALLY DELIVERED OR THREE (3) BUSINESS DAYS AFTER MAILING BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH AUTHORIZED AGENT. EACH CREDIT PARTY FURTHER IRREVOCABLY CONSENTS TO SERVICE
OF PROCESS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL TO SUCH CREDIT PARTY AT THE ADDRESS SET FORTH ABOVE, SUCH SERVICE TO BECOME EFFECTIVE THREE (3) BUSINESS DAYS AFTER SUCH MAILING. IN
THE EVENT THAT, FOR ANY REASON, SUCH AGENT OR ITS SUCCESSORS SHALL NO LONGER SERVE AS AGENT OF EACH CREDIT PARTY TO RECEIVE SERVICE OF PROCESS, EACH CREDIT PARTY SHALL SERVE AND ADVISE THE ADMINISTRATIVE AGENT THEREOF SO THAT AT ALL TIMES EACH
CREDIT PARTY WILL MAINTAIN AN AGENT TO RECEIVE SERVICE OF PROCESS ON BEHALF OF SUCH CREDIT PARTY WITH RESPECT TO THIS AGREEMENT, ALL OTHER LOAN DOCUMENTS AND THE BANK PRODUCTS DOCUMENTS. IN THE EVENT THAT, FOR ANY REASON, SERVICE OF LEGAL PROCESS
CANNOT BE MADE IN THE MANNER DESCRIBED ABOVE, SUCH SERVICE MAY BE MADE IN SUCH MANNER AS PERMITTED BY LAW. 
 Section 12.2 Consent
to Venue. EACH CREDIT PARTY AND EACH MEMBER OF THE LENDER GROUP HEREBY IRREVOCABLY WAIVES ANY OBJECTION IT WOULD MAKE NOW OR HEREAFTER FOR THE LAYING OF VENUE OF ANY SUIT, ACTION, OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY
OTHER LOAN DOCUMENT OR ANY BANK PRODUCTS DOCUMENT BROUGHT IN THE FEDERAL COURTS OF THE UNITED STATES SITTING IN NEW YORK COUNTY, NEW YORK, AND HEREBY IRREVOCABLY WAIVES ANY CLAIM THAT ANY SUCH SUIT, ACTION, OR PROCEEDING HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM. 
 Section 12.3 Waiver of Jury Trial. EACH CREDIT PARTY AND EACH MEMBER OF THE LENDER GROUP TO THE EXTENT
PERMITTED BY APPLICABLE LAW WAIVES, AND OTHERWISE AGREES NOT TO REQUEST, A TRIAL BY JURY IN ANY COURT AND IN ANY ACTION, PROCEEDING OR COUNTERCLAIM OF ANY TYPE IN WHICH ANY CREDIT PARTY, ANY MEMBER OF THE LENDER GROUP OR ANY OF THEIR RESPECTIVE
SUCCESSORS OR ASSIGNS IS A PARTY, AS TO ALL MATTERS AND THINGS ARISING DIRECTLY OR INDIRECTLY OUT OF THIS AGREEMENT, THE OTHER LOAN DOCUMENTS, THE BANK PRODUCTS DOCUMENTS AND THE RELATIONS AMONG THE PARTIES LISTED IN THIS ARTICLE 12. 

  
 -196- 

 Section 12.4 Judicial Reference. IF, NOTWITHSTANDING SECTION 10.7 OR THIS
ARTICLE 12, ANY ACTION, LITIGATION OR PROCEEDING RELATING TO ANY OBLIGATIONS OR LOAN DOCUMENTS IS FILED IN A COURT SITTING IN OR APPLYING THE LAWS OF CALIFORNIA, THE COURT SHALL, AND IS HEREBY DIRECTED TO, MAKE A GENERAL REFERENCE PURSUANT TO CAL.
CIV. PROC. CODE §638 TO A REFEREE (WHO SHALL BE AN ACTIVE OR RETIRED JUDGE) TO HEAR AND DETERMINE ALL ISSUES IN SUCH CASE (WHETHER FACT OR LAW) AND TO REPORT A STATEMENT OF DECISION. NOTHING IN THIS SECTION SHALL LIMIT ANY RIGHT OF THE
ADMINISTRATIVE AGENT OR ANY OTHER LENDER GROUP MEMBER TO EXERCISE SELF-HELP REMEDIES, SUCH AS SETOFF, FORECLOSURE OR SALE OF ANY COLLATERAL, OR TO OBTAIN PROVISIONAL OR ANCILLARY REMEDIES FROM A COURT OF COMPETENT JURISDICTION BEFORE, DURING OR
AFTER ANY JUDICIAL REFERENCE. THE EXERCISE OF A REMEDY DOES NOT WAIVE THE RIGHT OF ANY PARTY TO RESORT TO JUDICIAL REFERENCE. 

[Signatures on following pages.] 

  
 -197- 

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

							
	BORROWER:<GUARANTORS:>	 		 	INSTALLED BUILDING PRODUCTS, INC.
				
		 		 	By:	 	  

		 		 	Name: Michael T. Miller
		 		 	Title:<[________]> Executive Vice President and Chief
			
		 		 	<By:>
		 		 	<Name:>
		 		 	<Title:>Financial Officer
			
	GUARANTORS:	 		 	A+ INSULATION OF KANSAS CITY, LLC
			
		 		 	ACCURATE INSULATION LLC
			
		 		 	ACCURATE INSULATION OF COLORADO, LLC
			
		 		 	ACCURATE INSULATION OF DELAWARE, LLC
			
		 		 	ACCURATE INSULATION OF UPPER MARLBORO,
LLC
			
		 		 	ADVANCED FIBER, LLC
			
		 		 	ADVANCED INSULATION, LLC
			
		 		 	ALL CONSTRUCTION SERVICES, LLC
			
		 		 	ALL IN ONE & MOORE BUILDING SYSTEMS, LLC
			
		 		 	ALPHA INSULATION & WATER PROOFING COMPANY
			
		 		 	ALPHA INSULATION & WATER PROOFING, INC.
			
		 		 	ALPINE CONSTRUCTION OF COLORADO, LLC
			
		 		 	ALPINE INSULATION I, LLC

 Signature Page to Credit Agreement 

 
	
	AMD DISTRIBUTION SERVICES, LLC
	
	AMERICAN INSULATION & ENERGY SERVICES, LLC
	
	ANY SEASON INSULATION, LLC
	
	APPLE VALLEY INSULATION, A BDI COMPANY, INC.
	
	ASTRO INSULATION OF ILLINOIS, LLC
	
	BAYTHERM INSULATION, LLC
	
	BDI INSULATION OF IDAHO FALLS, INC.
	
	BDI INSULATION OF SALT LAKE, L.L.C.
	
	BIG CITY INSULATION, INC.
	
	BIG CITY INSULATION OF IDAHO, INC.
	
	B-ORGANIZED INSULATION, LLC
	
	BROKEN DRUM OF BAKERSFIELD, INC.
	
	BROKEN DRUM INSULATION VISALIA, INC.
	
	BUILDERS INSTALLED PRODUCTS OF MAINE, LLC
	
	BUILDERS INSTALLED PRODUCTS OF NEW HAMPSHIRE, LLC
	
	BUILDERS INSTALLED PRODUCTS OF NEW YORK, LLC
	
	BUILDERS INSTALLED PRODUCTS OF VERMONT, LLC
	
	BUILDING MATERIALS FINANCE, INC.
	
	CFI INSULATION, INC.
	
	CLS INSULATION, LLC

 Signature Page to Credit Agreement 

 
	
	CORNHUSKER INSULATION, LLC
	
	C.Q. INSULATION, INC.
	
	DIVISION 7 8 9 SUPPLY, LLC
	
	EAST COAST INSULATORS II, LLC
	
	EASTERN CONTRACTOR SERVICES LIMITED LIABILITY COMPANY
	
	ECOLOGIC ENERGY SOLUTIONS, LLC
	
	EDWARDS/MOONEY & MOSES, LLC
	
	ELITE SPRAY FOAM OF LAS VEGAS, LLC
	
	EMPER HOLDINGS, LLC
	
	ENERGY SAVERS OF LOUISVILLE, LLC
	
	EXPERT INSULATION OF MINNESOTA, LLC
	
	FIBERCLASS INSULATION, LLC
	
	FIRST STATE BUILDING PRODUCTS, LLC
	
	FORT WAYNE URETHANE, LLC
	
	GARAGE DOOR SYSTEMS, LLC
	
	GOLD INSULATION, INC.
	
	GREEN STAR PLUS INSULATION, LLC
	
	G-T-G, LLC
	
	GULF COAST INSULATION, LLC
	
	HINKLE INSULATION & DRYWALL COMPANY, INCORPORATED

 Signature Page to Credit Agreement 

 
	
	HORIZON ELECTRIC SERVICES, LLC
	
	I.W. INTERNATIONAL INSULATION INCORPORATED
	
	IBHL A HOLDING COMPANY, INC.
	
	IBHL B HOLDING COMPANY, INC.
	
	IBHL II-A HOLDING COMPANY, INC.
	
	IBHL II-B HOLDING COMPANY, INC.
	
	IBP ARCTIC EXPRESS, LLC
	
	IBP ASSET, LLC
	
	IBP ASSET II, LLC
	
	IBP CORPORATION HOLDINGS, INC.
	
	IBP EXTERIORS, INC.
	
	IBP HOLDINGS, LLC
	
	IBP HOLDINGS II, LLC
	
	IBP LEGACY GLASS & SUPPLY, LLC
	
	IBP LOGISTICS, LLC
	
	IBP OF MANSFIELD, LLC
	
	IBP OF OKLAHOMA, LLC
	
	IBP OF SAN ANTONIO, LLC
	
	IBP OF TOLEDO, LLC
	
	IBP TEXAS ASSETS I, LLC

 Signature Page to Credit Agreement 

 
	
	IBP TEXAS ASSETS II, LLC
	
	IBP TEXAS ASSETS III, LLC
	
	IBP RATING SERVICES, LLC
	
	INSTALLED BUILDING PRODUCTS, LLC
	
	INSTALLED BUILDING PRODUCTS II, LLC
	
	INSTALLED BUILDING PRODUCTS DISTRIBUTION SERVICES, LLC
	
	INSTALLED BUILDING PRODUCTS – PANHANDLE, LLC
	
	INSTALLED BUILDING PRODUCTS OF FORT MYERS, LLC
	
	INSTALLED BUILDING PRODUCTS OF HOUSTON, LLC
	
	INSTALLED BUILDING PRODUCTS OF JACKSONVILLE, LLC
	
	INSTALLED BUILDING PRODUCTS OF MAINE, LLC
	
	INSTALLED BUILDING PRODUCTS OF MIAMI, LLC
	
	INSTALLED BUILDING PRODUCTS OF TAMPA, LLC
	
	INSTALLED BUILDING PRODUCTS OF UTAH, LLC
	
	INSTALLED BUILDING PRODUCTS OF WEST PALM, LLC
	
	INSTALLED BUILDING PRODUCTS—PORTLAND, LLC
	
	INSTALLED BUILDING SOLUTIONS II, LLC
	
	INSULATION NORTHWEST, LLC
	
	INSULATION WHOLESALE SUPPLY, LLC
	
	INSULVAIL, LLC

 Signature Page to Credit Agreement 

 
	
	KEY INSULATION OF AUSTIN, LLC
	
	KEY INSULATION OF SAN ANTONIO, LLC
	
	LAKESIDE INSULATION, LLC
	
	LAYMAN BROTHERS INSULATION, LLC
	
	LKS TRANSPORTATION, LLC
	
	LOVEDAY INSULATION, LLC
	
	M&D INSULATION, LLC
	
	MAP INSTALLED BUILDING PRODUCTS OF SAGAMORE, LLC
	
	MAP INSTALLED BUILDING PRODUCTS OF SEEKONK, LLC
	
	MARV’S INSULATION, INC.
	
	METRO HOME INSULATION, LLC
	
	MID-ATLANTIC INSULATION, LLC
	
	MID SOUTH CONSTRUCTION AND BUILDING PRODUCTS, INC.
	
	MIG BUILDING SYSTEMS, LLC
	
	MIG BUILDING SYSTEMS OF EAST SYRACUSE, LLC
	
	MOMPER INSULATION OF CROWN POINT, LLC
	
	MOMPER INSULATION OF ELKHART, LLC
	
	MOMPER INSULATION OF FORT WAYNE, LLC
	
	NORTHWEST INSULATION, LLC
	
	OJ INSULATION HOLDINGS, INC.

 Signature Page to Credit Agreement 

 
	
	PACIFIC PARTNERS INSULATION NORTH, A BDI COMPANY, LLC
	
	PACIFIC PARTNERS INSULATION SOUTH, A BDI COMPANY, LLC
	
	PARKER INSULATION AND BUILDING PRODUCTS, LLC
	
	PEG, LLC
	
	PREMIER BUILDING SUPPLY, LLC
	
	PREMIER BUILDING SUPPLY SLC, LLC
	
	RAJAN, LLC
	
	ROCKET INSULATION, LLC
	
	ROCKFORD INSULATION, LLC
	
	ROYALS COMMERCIAL OF MARYLAND, LLC
	
	SCE OF CHICAGO, LLC
	
	SIERRA INSULATION CONTRACTORS II, LLC
	
	SOUTHERN INSULATORS, LLC
	
	SPEC 7 INSULATION CO., LLC
	
	SUBURBAN INSULATION, INC.
	
	SUPERIOR INSULATION, LLC
	
	SUPERIOR INSULATION SERVICES, LLC
	
	TCI CONTRACTING, LLC
	
	TCI CONTRACTING OF CHARLESTON, LLC
	
	TCI CONTRACTING OF HILTON HEAD, LLC

 Signature Page to Credit Agreement 

 
			
	TCI CONTRACTING OF KENTUCKY, LLC
	
	TCI CONTRACTING OF MEMPHIS, LLC
	
	TCI CONTRACTING OF NASHVILLE, LLC
	
	TCI CONTRACTING OF THE GULF, LLC
	
	THERMAL CONTROL INSULATION, LLC
	
	THERM-CON OF TENNESSEE, LLC
	
	TIDEWATER INSULATORS, LLC
	
	TOWN BUILDING SYSTEMS, LLC
	
	TRADEMARK ROOFING COMPANY, INC.
	
	TRADEMARK SEAMLESS GUTTER COMPANY, INC.
	
	TRILOK INDUSTRIES, INC.
	
	U.S. INSULATION CORP.
	
	WATER-TITE COMPANY, LLC
	
	WILSON INSULATION COMPANY, LLC
	
	WEATHERSEAL COMPANY, LLC
	
	5 STAR BUILDING PRODUCTS LLC
	
	5 STAR BUILDING PRODUCTS OF SOUTHERN UTAH, LLC
		
	By:	 	  

	Name:	 	Michael T. Miller
	Title:	 	Executive Vice President and Chief Financial Officer

 Signature Page to Credit Agreement 

 
	
	ALERT INSULATION OF CALIFORNIA, LLC
	
	ASTER CONTRACTORS HOLDINGS, LLC
	
	INSULATION CONTRACTORS OF WASHINGTON, LLC
	
	NORKOTE OF WASHINGTON, LLC
	
	<[>By:
                
<]>            
	
	<By:    >
	Name: Michael T. Miller
	Title: Executive Vice President
	
	GOLD STAR INSULATION, L.P.
	
	 By: Gold Insulation, Inc., its General
Partner

	
	        <[>By:
                
<]>            
	
	<By:    >
	Name: Michael T. Miller
	<Title:>
Title: Executive Vice President and Chief Financial Officer
	
	OJ INSULATION, L.P.
	
	By: OJ Insulation Holdings, Inc., its General Partner
	
	        <[>By:
                
<]>            
	
	<By:    >
	Name: Michael T. Miller
	Title: Executive Vice President and Chief Financial Officer

Signature Page to Credit
Agreement 

							
	ADMINISTRATIVE AGENT, ISSUING BANK, SWING BANK AND A LENDER:	 		 	BANK OF AMERICA, N.A.
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

Signature Page to Credit
Agreement 

							
	LENDERS:	 		 	 KEYBANK NATIONAL ASSOCIATION,

as a Lender

				
		 		 	By:	 	      

		 		 	Name:	 	      

		 		 	Title:	 	      

			
		 		 	 PNC BANK, NATIONAL
ASSOCIATION,
 as a Lender

				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
		 		 	 U.S. BANK NATIONAL
ASSOCIATION,
 as a Lender

				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

			
	<LENDERS:>	 		 	 <[TO COME]>

NORTHWEST BANK,

as a Lender

				
		 		 	By:	 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

Signature Page to Credit
Agreement

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