Document:

EX-10.2

 Exhibit 10.2 

Execution Version 

GUARANTEE AND COLLATERAL AGREEMENT 

dated and effective as of 

April 15, 2016, 
 among 

NUANCE COMMUNICATIONS, INC., 

each Subsidiary of Borrower identified herein, 

and 
 BARCLAYS BANK PLC, 

as Administrative Agent 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I.	  
	
	DEFINITIONS	  
			
	 Section 1.01.
	 	 Credit Agreement
	  	 	1	  
	 Section 1.02.
	 	 Other Defined Terms
	  	 	1	  
	
	ARTICLE II.	  
	
	GUARANTEE	  
			
	 Section 2.01.
	 	 Guarantee
	  	 	5	  
	 Section 2.02.
	 	 Guarantee of Payment
	  	 	5	  
	 Section 2.03.
	 	 No Limitations, etc.
	  	 	5	  
	 Section 2.04.
	 	 Reinstatement
	  	 	7	  
	 Section 2.05.
	 	 Agreement To Pay; Subrogation
	  	 	7	  
	 Section 2.06.
	 	 Information
	  	 	7	  
	 Section 2.07.
	 	 Maximum Liability
	  	 	7	  
	 Section 2.08.
	 	 Keepwell
	  	 	7	  
	
	ARTICLE III.	  
	
	PLEDGE OF SECURITIES	  
			
	 Section 3.01.
	 	 Pledge
	  	 	8	  
	 Section 3.02.
	 	 Delivery of the Pledged Collateral
	  	 	8	  
	 Section 3.03.
	 	 Representations, Warranties and Covenants
	  	 	9	  
	 Section 3.04.
	 	 Registration in Nominee Name; Denominations
	  	 	10	  
	 Section 3.05.
	 	 Voting Rights; Dividends and Interest, etc.
	  	 	10	  
	
	ARTICLE IV.	  
	
	SECURITY INTERESTS IN OTHER PERSONAL PROPERTY	  
			
	 Section 4.01.
	 	 Security Interest
	  	 	12	  
	 Section 4.02.
	 	 Representations and Warranties
	  	 	13	  
	 Section 4.03.
	 	 Covenants
	  	 	14	  
	 Section 4.04.
	 	 Other Actions
	  	 	16	  
	 Section 4.05.
	 	 Covenants Regarding Patent, Trademark and Copyright Collateral
	  	 	17	  
	
	ARTICLE V.	  
	
	REMEDIES	  
			
	 Section 5.01.
	 	 Remedies Upon Default
	  	 	18	  
	 Section 5.02.
	 	 Application of Proceeds
	  	 	19	  
	 Section 5.03.
	 	 Grant of License To Use Intellectual Property
	  	 	20	  
	 Section 5.04.
	 	 Securities Act, etc.
	  	 	21	  

  
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	 	 	 	  	Page	 
	ARTICLE VI.	  
	
	INDEMNITY, SUBROGATION AND SUBORDINATION	  
			
	 Section 6.01.
	 	 Indemnity and Subrogation
	  	 	21	  
	 Section 6.02.
	 	 Contribution and Subrogation
	  	 	21	  
	 Section 6.03.
	 	 Subordination
	  	 	22	  
	
	ARTICLE VII.	  
	
	MISCELLANEOUS	  
			
	 Section 7.01.
	 	 Notices
	  	 	22	  
	 Section 7.02.
	 	 Security Interest Absolute
	  	 	22	  
	 Section 7.03.
	 	 Limitation By Law
	  	 	22	  
	 Section 7.04.
	 	 Binding Effect; Several Agreement
	  	 	23	  
	 Section 7.05.
	 	 Successors and Assigns
	  	 	23	  
	 Section 7.06.
	 	 Administrative Agent’s Fees and Expenses; Indemnification
	  	 	23	  
	 Section 7.07.
	 	 Administrative Agent Appointed Attorney-in-Fact
	  	 	24	  
	 Section 7.08.
	 	 GOVERNING LAW
	  	 	24	  
	 Section 7.09.
	 	 Waivers; Amendment
	  	 	24	  
	 Section 7.10.
	 	 WAIVER OF JURY TRIAL
	  	 	25	  
	 Section 7.11.
	 	 Severability
	  	 	25	  
	 Section 7.12.
	 	 Counterparts
	  	 	25	  
	 Section 7.13.
	 	 Headings
	  	 	25	  
	 Section 7.14.
	 	 Jurisdiction; Consent to Service of Process
	  	 	25	  
	 Section 7.15.
	 	 Termination or Release
	  	 	26	  
	 Section 7.16.
	 	 Collateral Suspension and Reversion
	  	 	26	  
	 Section 7.17.
	 	 Additional Subsidiaries
	  	 	26	  
	 Section 7.18.
	 	 Right of Set-off
	  	 	26	  
			
	 Exhibits
	 		  			
		
	 Exhibit I
	 	 Form of Supplement to the Guarantee and Collateral Agreement
	   

	 Exhibit II
	 	 Form of Perfection Certificate
	   

	 Exhibit III
	 	 Form of Copyright Security Agreement
	   

  
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 GUARANTEE AND COLLATERAL AGREEMENT dated and effective as of April 15, 2016 (this
“Agreement”), among NUANCE COMMUNICATIONS, INC., a Delaware corporation (the “Borrower”), each Subsidiary of the Borrower identified herein as a party (including pursuant to Section 7.17) (each, a
“Subsidiary Party”) and BARCLAYS BANK PLC, as Administrative Agent (in such capacity, the “Administrative Agent”) for the Secured Parties (as defined below). 

Reference is made to the Revolving Credit Agreement dated as of the date hereof (as amended, restated, supplemented, waived or otherwise
modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders party thereto from time to time, the Administrative Agent, and the other parties party thereto. 

The Lenders have agreed to extend credit to the Borrower subject to the terms and conditions set forth in the Credit Agreement. The
obligations of the Lenders to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement. The Subsidiary Parties are affiliates of the Borrower, will derive substantial benefits from the extension of
credit to the Borrower pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders to extend such credit. Accordingly, the parties hereto agree as follows: 

ARTICLE I. 
 DEFINITIONS

 Section 1.01. Credit Agreement. 

(a) Capitalized terms used in this Agreement and not otherwise defined herein have the respective meanings assigned thereto in the Credit
Agreement; provided that the term “Letter of Credit,” for the purposes of Sections 4.01(a)(D) and 4.04(e) hereof only, shall have the meaning assigned to such term in the New York UCC. All terms defined in the New York UCC (as
defined herein) and not defined in this Agreement have the meanings specified therein. The term “instrument” shall have the meaning specified in Article 9 of the New York UCC. The Perfection Certificate and all descriptions of
Collateral, schedules, amendments and supplements thereto are and shall at all times remain a part of this Agreement. 
 (b) The rules of
construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement. 
 Section 1.02. Other Defined
Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “Account Debtor” means any
person who is or who may become obligated to any Pledgor under, with respect to or on account of an Account. 
 “Article 9
Collateral” has the meaning assigned to such term in Section 4.01. 
 “Collateral” means Article 9
Collateral and Pledged Collateral. 
 “Copyright License” means any written agreement, now or hereafter in effect, granting
any right to any Pledgor under any Copyright now or hereafter owned by any third party, and all rights of any Pledgor under any such agreement (including, without limitation, any such rights that such Pledgor has the right to license). 

 “Copyright Security Agreement” means an agreement substantially in the form of
Exhibit III hereto. 
 “Copyrights” means all of the following now owned or hereafter acquired by any Pledgor
(or, as required in the context of the definition of “Copyright License,” any third party licensor): (a) all copyright rights in any work subject to the copyright laws of the United States or any other country, whether as author,
assignee, transferee or otherwise; and (b) all registrations and applications for registration of any such Copyright in the United States or any other country, including registrations, supplemental registrations and pending applications for
registration in the United States Copyright Office and the right to obtain all renewals thereof, including those listed on Schedule 12(a) to the Perfection Certificate. 

“Credit Agreement” has the meaning assigned to such term in the preliminary statement of this Agreement. 

“Excluded Property” shall mean (i) voting Equity Interests of a Controlled Foreign Subsidiary or a CFC Holdco, in excess
of 65% of the voting Equity Interests of such Controlled Foreign Subsidiary or CFC Holdco (taking into account the aggregate Pledged Stock in such Controlled Foreign Subsidiary or CFC Holdco pledged by the Borrower and the Subsidiary Parties in the
aggregate), (ii) vehicles, aircraft and other assets subject to certificates of title (except to the extent a security interest therein can be perfected by the filing of a Uniform Commercial Code financing statement or the equivalent under
other applicable law), (iii) any property where the grant of a security interest therein is prohibited by law or requires government or regulatory third party consents required pursuant to applicable law that have not been obtained, in each
case, after giving effect to applicable anti-assignment provisions of the Uniform Commercial Code or other applicable law, other than the proceeds and receivables thereof the assignment of which is expressly deemed effective under the Uniform
Commercial Code or other applicable law notwithstanding such prohibition or restriction or results in material adverse accounting or regulatory consequences as reasonably determined by Borrower, (iv) margin stock and Equity Interests in any
person other than Wholly-Owned Subsidiaries that are not Unrestricted Subsidiaries to the extent not permitted by the terms of such person’s organizational or joint venture documents except to the extent such prohibition is rendered ineffective
after giving effect to applicable anti-assignment provisions of the Uniform Commercial Code or other applicable law, other than the proceeds and receivables thereof the assignment of which is expressly deemed effective under the Uniform Commercial
Code or other applicable law notwithstanding such prohibition or restriction, (v) any property where the cost of obtaining a security interest in, or perfection of, such assets exceeds the practical benefit to the Lenders afforded thereby as
reasonably determined in writing by the Borrower and the Administrative Agent, (vi) any governmental licenses or state or local franchises, charters and authorizations, to the extent a security interest in any such license, franchise, charter
or authorization is prohibited or restricted thereby after giving effect to the applicable anti-assignment provisions of the Uniform Commercial Code or other applicable law, other than the proceeds and receivables thereof the assignment of which is
expressly deemed effective under the Uniform Commercial Code or other applicable law notwithstanding such prohibition or restriction, (vii) any lease, license or agreement or any property subject to a purchase money security interest, capital
lease obligation or similar arrangement permitted by the Loan Documents to the extent that a grant of a security interest therein would violate or invalidate such lease, license or agreement or purchase money, capital lease or similar arrangement or
create a right of termination in favor of any other party thereto (other than the Borrower or a Guarantor) after giving effect to the applicable anti assignment provisions of the Uniform Commercial Code or other applicable law, other than the
proceeds and receivables thereof the assignment of which is expressly deemed effective under the Uniform Commercial Code or other applicable law notwithstanding such prohibition, (viii) any intent-to-use Trademark application prior to the
filing of a “Statement of Use” or “Amendment to Allege Use” with respect thereto, to the extent, if any, that, and solely during the period, if any, in which, the grant of a security interest therein would impair the validity or
enforceability of such intent-to-use Trademark application under applicable federal law; (ix) any property of any Subsidiary acquired after the Closing Date that is in existence at the time such Subsidiary is acquired and

  
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subject to a Lien securing pre-existing secured Indebtedness permitted to be assumed under the Loan Documents and not incurred in anticipation of the acquisition by the Borrower or applicable
Guarantor of such property, to the extent that the granting of a security interest in such property would be prohibited under the terms of such secured Indebtedness after giving effect to the applicable anti-assignment provisions of the Uniform
Commercial Code or other applicable law, other than the Proceeds and Receivables thereof the assignment of which is expressly deemed effective under the Uniform Commercial Code or other applicable law notwithstanding such prohibition or restriction,
(x) Equity Interests in Unrestricted Subsidiaries, captive insurance companies and special purpose entities, (xi) Deposit Accounts solely to the extent used exclusively to hold funds in trust for the benefit of third parties in respect of
(A) payroll, healthcare and other employee wage and benefit accounts, (B) tax accounts, including, without limitation, sales tax accounts, (C) escrow, defeasance and redemption accounts and (D) fiduciary or trust accounts and, in
the case of clauses (A) through (D), the funds or other property held in or maintained in any such account, (xii) any assets to the extent a security interest in such assets could result in material adverse tax consequences to Borrower or
any of its Subsidiaries as reasonably determined by the Borrower in consultation with the Collateral Agent, and (xiii) Letter-of-Credit Rights with value in excess of $40,000,000 and Commercial Tort Claims with value in excess of $10,000,000
(in each case, except to the extent a security interest therein can be perfected by the filing of a Uniform Commercial Code financing statement or the equivalent under other applicable law); provided, however, that Excluded Property
shall not include Proceeds, substitutions or replacements of any Excluded Property referred to in the foregoing clauses (i) through (xiii) (unless such Proceeds, substitutions or replacements would constitute Excluded Property referred to
in the foregoing clauses (i) through (xiii)). 
 “Federal Securities Laws” has the meaning assigned to such term in
Section 5.04. 
 “General Intangibles” means all “General Intangibles” as defined in the New York UCC,
including all choses in action and causes of action and all other intangible personal property of any Pledgor of every kind and nature (other than Accounts) now owned or hereafter acquired by any Pledgor, including corporate or other business
records, indemnification claims, contract rights (including rights under leases, whether entered into as lessor or lessee, Swap Agreements and other agreements), Intellectual Property, goodwill, registrations, franchises, tax refund claims and any
guarantee, claim, security interest or other security held by or granted to any Pledgor to secure payment by an Account Debtor of any of the Accounts. 

“Guarantors” means the Subsidiary Parties, solely with respect to Obligations of the other Loan Parties. 

“Intellectual Property” means the collective reference to all rights, priorities and privileges relating to intellectual and
similar property of every kind and nature now owned or hereafter acquired by any Pledgor, including, inventions, designs, Patents, Copyrights, Trademarks, Patent Licenses, Copyright Licenses, Trademark Licenses, trade secrets, domain names,
confidential or proprietary technical and business information, know-how, show-how or other data or information and all related documentation. 

“Loan Document Obligations” means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of
and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower, when and as due,
whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under the Credit Agreement in respect of any Letter of Credit (as defined in the Credit
Agreement), when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of
whether allowed or allowable in such proceeding) and obligations to provide cash collateral and (iii) all other monetary obligations of the Borrower to any of the Secured Parties 

  
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under the Credit Agreement and each of the other Loan Documents, including obligations to pay fees, expense and reimbursement obligations and indemnification obligations, whether primary,
secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding),
(b) the due and punctual performance of all other obligations of the Borrower under or pursuant to the Credit Agreement and each of the other Loan Documents and (c) the due and punctual payment and performance of all the obligations of
each other Loan Party under or pursuant to this Agreement and each of the other Loan Documents. 
 “New York UCC” means the
Uniform Commercial Code as from time to time in effect in the State of New York. 
 “Obligations” means (a) the Loan
Document Obligations, (b) the due and punctual payment and performance of all Hedging Obligations of the Borrower or any Subsidiary under any Secured Hedge Agreement and (c) Cash Management Obligations of the Borrower or any Subsidiary
under any Secured Cash Management Agreement. 
 “Patent License” means any written agreement, now or hereafter in effect,
granting to any Pledgor any right to make, use or sell any invention covered by a Patent, now or hereafter owned by any third party (including, without limitation, any such rights that such Pledgor has the right to license). 

“Patents” means all of the following now owned or hereafter acquired by any Pledgor (or, as required in the context of the
definition of “Patent License,” any third party licensor): (a) all letters patent of the United States or the equivalent thereof in any other country or jurisdiction and all reissues and extensions thereof, (b) all applications
for letters patent of the United States or the equivalent thereof in any other country or jurisdiction, and all provisionals, continuations, divisions, continuations-in-part, reexaminations or revisions thereof, and (c) the inventions disclosed
or claimed therein, including the right to make, use and/or sell the inventions disclosed or claimed therein. 
 “Perfection
Certificate” means a certificate substantially in the form of Exhibit II, completed and supplemented with the schedules and attachments contemplated thereby, and duly executed by a Financial Officer of the Borrower and each
other Loan Party and the chief legal officer of the Borrower and each other Loan Party, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time in accordance with the Credit Agreement and the terms
hereof. 
 “Pledged Collateral” has the meaning assigned to such term in Section 3.01. 

“Pledged Debt Securities” has the meaning assigned to such term in Section 3.01. 

“Pledged Securities” means any promissory notes, stock certificates or other certificated securities now or hereafter
included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral. 

“Pledged Stock” has the meaning assigned to such term in Section 3.01. 

“Pledgor” means the Borrower and each Subsidiary Party. 

“Secured Parties” means (a) the Lenders (and any Affiliate of a Lender), (b) the Administrative Agent,
(c) each Issuing Bank, (d) each Hedge Bank, (e) each Cash Management Bank, (f) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (g) the successors and permitted
assigns of each of the foregoing. 

  
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 “Security Interest” has the meaning assigned to such term in Section 4.01.

 “Subsidiary Party” has the meaning assigned to such term in the preliminary statement of this Agreement. 

“Time of the Annual Report” has the meaning assigned to such term in Section 4.05(d). 

“Trademark License” means any written agreement, now or hereafter in effect, granting to any Pledgor any right to use any
Trademark now or hereafter owned by any third party (including, without limitation, any such rights that such Pledgor has the right to license). 

“Trademarks” means all of the following now owned or hereafter acquired by any Pledgor (or, as required in the context of the
definition of “Trademark License,” any third party licensor): (a) all trademarks, service marks, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business
identifiers, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations thereof (if any); and all registration applications filed in connection therewith, including registrations and registration
applications in the United States Patent and Trademark Office or any similar offices in any State of the United States or any other country or any political subdivision thereof, and all renewals thereof and (b) all goodwill associated therewith
or symbolized thereby. 
 ARTICLE II. 

GUARANTEE 

Section 2.01. Guarantee. Each Guarantor unconditionally guarantees, jointly with the other Guarantors and severally, to the
Administrative Agent, for the benefit of the Secured Parties, the due and punctual payment and performance of the Obligations. Each Guarantor further agrees that the Obligations may be extended or renewed, in whole or in part, without notice to or
further assent from it, and that it will remain bound upon its guarantee notwithstanding any extension or renewal of any Obligation. Each Guarantor waives presentment to, demand of payment from and protest to the Borrower and each Loan Party of any
of the Obligations, and also waives notice of acceptance of its guarantee, and notice of protest for nonpayment. 
 Section 2.02.
Guarantee of Payment. Each Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether at the stated maturity, by acceleration or otherwise) and not of collection, and waives any right to require
that any resort be had by the Administrative Agent or any other Secured Party to any security held for the payment of the Obligations or to any balance of any deposit account or credit on the books of the Administrative Agent or any other Secured
Party in favor of the Borrower or any other person. 
 Section 2.03. No Limitations, etc. 

(a) Except for termination of a Guarantor’s obligations hereunder as expressly provided for in Section 7.15, the obligations of each
Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or setoff,
counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Obligations or otherwise (other than defense of payment or performance). Without limiting the generality of the foregoing, the
obligations of each Guarantor hereunder, to the fullest extent permitted by applicable law, shall not be discharged or impaired or otherwise affected by: 

(i) the failure of the Administrative Agent or any other Secured Party to assert any claim or demand or to exercise or enforce
any right or remedy under the provisions of any Loan Document or otherwise; 

  
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 (ii) any rescission, waiver, amendment or modification of, or any release from
any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this Agreement; 

(iii) the failure to perfect any security interest in, or the exchange, substitution, release or any impairment of, any
security held by the Administrative Agent or any other Secured Party for the Obligations; 
 (iv) any default, failure or
delay, willful or otherwise, in the performance of the Obligations; 
 (v) any other act or omission that may or might in any
manner or to any extent vary the risk of any Guarantor or otherwise operate as a discharge of any Guarantor as a matter of law or equity (other than the payment in full in cash or immediately available funds of all the Obligations); 

(vi) any illegality, lack of validity or enforceability of any Obligation; 

(vii) any change in the corporate existence, structure or ownership of the Borrower, or any insolvency, bankruptcy,
reorganization or other similar proceeding affecting the Borrower or its assets or any resulting release or discharge of any Obligation; 

(viii) the existence of any claim, set-off or other rights that the Guarantor may have at any time against the Borrower, the
Administrative Agent, or any other corporation or person, whether in connection herewith or any unrelated transactions, provided that nothing herein will prevent the assertion of any such claim by separate suit or compulsory counterclaim; or

 (ix) any other circumstance (including without limitation, any statute of limitations) or any existence of or reliance on
any representation by the Administrative Agent that might otherwise constitute a defense to, or a legal or equitable discharge of, the Borrower or the Guarantor or any other guarantor or surety, 

Each Guarantor expressly authorizes the Secured Parties to take and hold security for the payment and performance of the Obligations, to exchange, waive or
release any or all such security (with or without consideration), to enforce or apply such security and direct the order and manner of any sale thereof in their sole discretion or to release or substitute any one or more other guarantors or obligors
upon or in respect of the Obligations, all without affecting the obligations of any Guarantor hereunder. 
 (b) To the fullest extent
permitted by applicable law, each Guarantor waives any defense based on or arising out of any defense of any other Loan Party or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the
liability of any other Loan Party, other than the payment in full in cash or immediately available funds of all the Obligations (other than contingent or unliquidated obligations or liabilities). The Administrative Agent and the other Secured
Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of foreclosure, compromise or adjust any part of the Obligations,
make any other accommodation with any other Loan Party or exercise any other right or remedy available to them against any other Loan Party, without affecting or impairing 

  
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in any way the liability of any Guarantor hereunder except to the extent the Obligations (other than contingent or unliquidated obligations or liabilities) have been paid in full in cash or
immediately available funds. To the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right
of reimbursement or subrogation or other right or remedy of such Guarantor against any other Loan Party, as the case may be, or any security. 

Section 2.04. Reinstatement. Each Guarantor agrees that its guarantee hereunder shall continue to be effective or be reinstated,
as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent or any other Secured Party upon the bankruptcy or reorganization of the Borrower or any other
Loan Party or otherwise. 
 Section 2.05. Agreement To Pay; Subrogation. In furtherance of the foregoing and not in limitation
of any other right that the Administrative Agent or any other Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Borrower or any other Loan Party to pay any Obligation when and as the same shall
become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Administrative Agent for distribution to the applicable Secured Parties
in cash the amount of such unpaid Obligation. Upon payment by any Guarantor of any sums to the Administrative Agent as provided above, all rights of such Guarantor against the Borrower, or other Loan Party or any other Guarantor arising as a result
thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article VI. 

Section 2.06. Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the financial
condition and assets of the Borrower and each other Loan Party, and of all other circumstances bearing upon the risk of nonpayment of the Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs hereunder, and
agrees that none of the Administrative Agent or the other Secured Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks. 

Section 2.07. Maximum Liability. Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum
liability of each Guarantor hereunder and under the other Loan Documents shall in no event exceed the amount which can be guaranteed by such Guarantor under applicable federal and state laws relating to the insolvency of debtors (after giving effect
to the right of contribution established in Section 6.02 hereof). 
 Section 2.08. Keepwell. Each Qualified ECP Guarantor
at the time the guarantee or the grant of the security interest hereunder, in each case, by any Specified Loan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably
undertakes to provide such funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of its obligations under its guarantee hereunder and the
other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this
Article II voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 2.08 shall remain in full
force and effect until the Obligations have been indefeasibly paid and performed in full. Each Qualified ECP Guarantor intends this Section 2.08 to constitute, and this Section 2.08 shall be deemed to constitute, a guarantee of the
obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. 

  
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 ARTICLE III. 

PLEDGE OF SECURITIES 

Section 3.01. Pledge. As security for the payment or performance, as the case may be, in full of the Obligations, each Pledgor
hereby assigns and pledges to the Administrative Agent, for the benefit of the Secured Parties, and hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a security interest in all of such Pledgor’s right, title and
interest in, to and under (a) the Equity Interests owned by it on the date hereof (including Equity Interests owned by it and listed on Schedule 10(a) to the Perfection Certificate) and any other Equity Interests obtained in the
future by such Pledgor and any certificates representing all such Equity Interests (the “Pledged Stock”); (b)(i) the debt obligations owed to each Pledgor on the date hereof, (ii) any debt securities in the future issued
to such Pledgor and (iii) the certificates, promissory notes and any other instruments, if any, evidencing such debt securities (the “Pledged Debt Securities”); (c) subject to Section 3.05 hereof, all payments of
principal or interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other proceeds received in respect of, the
securities referred to in clauses (a) and (b) above; (d) subject to Section 3.05 hereof, all rights and privileges of such Pledgor with respect to the securities and other property referred to in clauses (a), (b) and
(c) above; and (e) all proceeds of any of the foregoing (the items referred to in clauses (a) through (e) above being collectively referred to as the “Pledged Collateral”). Notwithstanding anything to the
contrary herein, the terms “Pledged Collateral”, “Pledged Stock” and “Pledged Debt” shall not include Excluded Property. 

Section 3.02. Delivery of the Pledged Collateral. 

(a) Each Pledgor agrees promptly to deliver or cause to be delivered to the Administrative Agent, for the benefit of the Secured Parties, any
and all Pledged Securities provided that, (x) in the case of promissory notes or other instruments evidencing Indebtedness, to the extent required to be delivered pursuant to paragraph (b) of this Section 3.02 and (y) in the case
of Pledged Securities constituting Equity Interests, excluding certificates representing the Equity Interests of Insignificant Domestic Subsidiaries and Equity Interests of Persons that are not Subsidiaries. 

(b) Each Pledgor will cause any Indebtedness for borrowed money having an aggregate principal amount in excess of $40,000,000 (other than
intercompany current liabilities incurred in the ordinary course of business in connection with the cash management operations of Borrower and the Subsidiaries) owed to such Pledgor by any person to be evidenced by a duly executed promissory note to
be pledged and delivered to the Administrative Agent, for the benefit of the Secured Parties, pursuant to the terms hereof. 
 (c) Upon
delivery to the Administrative Agent, (i) any Pledged Securities required to be delivered pursuant to the foregoing paragraphs (a) and (b) of this Section 3.02 shall be accompanied by stock powers or note powers, as applicable,
duly executed in blank or other instruments of transfer reasonably satisfactory to the Administrative Agent and by such other instruments and documents as the Administrative Agent may reasonably request and (ii) all other property composing
part of the Pledged Collateral delivered pursuant to the terms of this Agreement shall be accompanied to the extent necessary to perfect the security interest in or allow realization on the Pledged Collateral by proper instruments of assignment duly
executed by the applicable Pledgor and such other instruments or documents as the Administrative Agent may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities, which schedule shall be
deemed to update the Perfection Certificate. Each schedule so delivered shall supplement any prior schedules so delivered. 

  
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 (d) Each Pledgor which is an issuer of Pledged Securities agrees (i) to be bound by the
terms of this Agreement relating to the Pledged Securities issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) agrees that it will comply with instructions of the Administrative Agent with respect to
the applicable Pledged Securities without further consent by the applicable Pledgor, and (iii) that its Equity Interests (as defined in the Agreement) have been pledged pursuant to the terms of the Agreement and will comply with all actions
that may be required of it pursuant to Section 3.05 and 4.04(b) of the Agreement. 
 Section 3.03. Representations, Warranties
and Covenants. The Pledgors jointly and severally, represent, warrant and covenant to and with the Administrative Agent, for the benefit of the Secured Parties, that: 

(a) Schedule 10(a) to the Perfection Certificate correctly sets forth, as of the Closing Date, the percentage of
the issued and outstanding shares of each class of the Equity Interests of the issuer thereof represented by such Pledged Stock and includes all Equity Interests, debt securities and promissory notes or instruments evidencing Indebtedness required
to be pledged hereunder in order to satisfy the Collateral and Guarantee Requirement; 
 (b) the Pledged Stock and Pledged
Debt Securities (solely with respect to Pledged Debt Securities issued by a person that is not a Subsidiary of Borrower or an Affiliate of any such subsidiary, to the best of each Pledgor’s knowledge) have been duly and validly authorized and
issued by the issuers thereof and (i) in the case of Pledged Stock, are fully paid and nonassessable and (ii) in the case of Pledged Debt Securities (solely with respect to Pledged Debt Securities issued by a person that is not a
Subsidiary of Borrower or an Affiliate of any such subsidiary, to the best of each Pledgor’s knowledge) are legal, valid and binding obligations of the issuers thereof, subject to the effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding at law or in equity) and an implied covenant of good faith and fair
dealing; 
 (c) except for the security interests granted hereunder, each Pledgor (i) is and, subject to any transfers
made in compliance with the Credit Agreement, will continue to be the direct owner, beneficially and of record, of the Pledged Collateral indicated on Schedule 10(a) to the Perfection Certificate as owned by such Pledgor, (ii) holds the
same free and clear of all Liens, other than Liens permitted under Section 6.02 of the Credit Agreement, and (iii) will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or
other Lien on, the Pledged Collateral, other than pursuant to a transaction permitted by the Credit Agreement and other than Liens permitted under Section 6.02 of the Credit Agreement or arising by operation of law; 

(d) other than as set forth in the Credit Agreement or the schedules thereto, and except for restrictions and limitations
imposed by the Loan Documents or securities laws generally or otherwise permitted to exist pursuant to the terms of the Credit Agreement, the Pledged Collateral is and will continue to be freely transferable and assignable, and none of the Pledged
Collateral is or will be subject to any option, right of first refusal, shareholders agreement, charter or by-law provisions or contractual restriction of any nature that might prohibit, impair, delay or otherwise affect the pledge of such Pledged
Collateral hereunder, the sale or disposition thereof pursuant hereto or the exercise by the Administrative Agent of rights and remedies hereunder; 

(e) each Pledgor has the power and authority to pledge the Pledged Collateral pledged by it hereunder in the manner hereby done
or contemplated; 

  
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 (f) other than as set forth in the Credit Agreement or the schedules thereto, no
consent or approval of any Governmental Authority, any securities exchange or any other person was or is necessary to the validity of the pledge effected hereby (other than such as have been obtained and are.in full force and effect); 

(g) by virtue of the execution and delivery by the Pledgors of this Agreement, when any Pledged Securities are delivered to the
Administrative Agent, for the benefit of the Secured Parties, in accordance with this Agreement, the Administrative Agent will obtain, for the benefit of the Secured Parties, a legal, valid and perfected lien upon and security interest in such
Pledged Securities, subject only to Liens permitted under the Credit Agreement or arising by operation of law, as security for the payment and performance of the Obligations; and 

(h) the pledge effected hereby is effective to vest in the Administrative Agent, for the benefit of the Secured Parties, the
rights of the Administrative Agent in the Pledged Collateral as set forth herein. 
 Section 3.04. Registration in Nominee Name;
Denominations. The Administrative Agent, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to hold the Pledged Securities in the name of the applicable Pledgor, endorsed or assigned in blank or in favor
of the Administrative Agent or, if an Event of Default shall have occurred and be continuing, in its own name as pledgee or the name of its nominee (as pledgee or as sub-agent). At the Time of the Annual Report and at any time following the
occurrence and during the continuance of an Event of Default each Pledgor will promptly give to the Administrative Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such
Pledgor. If an Event of Default shall have occurred and be continuing, the Administrative Agent shall have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose
consistent with this Agreement. Each Pledgor shall use its commercially reasonable efforts to cause any Loan Party that is not a party to this Agreement to comply with a request by the Administrative Agent, pursuant to this Section 3.04, to
exchange certificates representing Pledged Securities of such Loan Party for certificates of smaller or larger denominations. 

Section 3.05. Voting Rights; Dividends and Interest, etc. 

(a) Unless and until an Event of Default shall have occurred and be continuing and the Administrative Agent shall have given notice to the
relevant Pledgors of the Administrative Agent’s intention to exercise its rights hereunder: 
 (i) Each Pledgor shall be
entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of Pledged Collateral or any part thereof for any purpose consistent with the terms of this Agreement, the Credit Agreement and the other Loan
Documents; provided, that such rights and powers shall not be exercised in any manner that could materially and adversely affect the rights inuring to a holder of any Pledged Collateral, the rights and remedies of any of the Administrative
Agent or the other Secured Parties under this Agreement, the Credit Agreement or any other Loan Document or the ability of the Secured Parties to exercise the same. 

(ii) The Administrative Agent shall promptly execute and deliver to each Pledgor, or cause to be executed and delivered to such
Pledgor, all such proxies, powers of attorney and other instruments as such Pledgor may reasonably request for the purpose of enabling such Pledgor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to
subparagraph (i) above. 

  
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 (iii) Each Pledgor shall be entitled to receive and retain any and all dividends,
interest, principal and other distributions paid on or distributed in respect of the Pledged Collateral to the extent and only to the extent that such dividends, interest, principal and other distributions are permitted by, and otherwise paid or
distributed in accordance with, the terms and conditions of the Credit Agreement, the other Loan Documents and applicable laws; provided that any non-cash dividends, interest, principal or other distributions that would constitute Pledged
Securities, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Securities or received in exchange for Pledged Securities or any part thereof, or in redemption
thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise, shall be and become part of the Pledged Collateral, and, if received by any Pledgor, shall not be
commingled by such Pledgor with any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust for the benefit of the Administrative Agent, for the benefit of the Secured Parties, and shall be forthwith
delivered to the Administrative Agent, for the benefit of the Secured Parties, in the same form as so received (endorsed in a manner reasonably satisfactory to the Administrative Agent). 

(b) Upon the occurrence and during the continuance of an Event of Default and after notice by the Administrative Agent to the relevant
Pledgors of the Administrative Agent’s intention to exercise its rights hereunder, all rights of any Pledgor to dividends, interest, principal or other distributions that such Pledgor is authorized to receive pursuant to paragraph (a)(iii)
of this Section 3.05 shall cease, and all such rights shall thereupon become vested, for the benefit of the Secured Parties, in the Administrative Agent which shall have the sole and exclusive right and authority to receive and retain such
dividends, interest, principal or other distributions. All dividends, interest, principal or other distributions received by any Pledgor contrary to the provisions of this Section 3.05 shall not be commingled by such Pledgor with any of its
other funds or property but shall be held separate and apart therefrom, shall be held in trust for the benefit of the Administrative Agent, for the benefit of the Secured Parties, and shall be forthwith delivered to the Administrative Agent, for the
benefit of the Secured Parties, in the same form as so received (endorsed in a manner reasonably satisfactory to the Administrative Agent). Any and all money and other property paid over to or received by the Administrative Agent pursuant to the
provisions of this paragraph (b) shall be retained by the Administrative Agent in an account to be established by the Administrative Agent upon receipt of such money or other property and shall be applied in accordance with the provisions of
Section 5.02 hereof. After all Events of Default have been cured or waived and the Borrower has delivered to the Administrative Agent a certificate to that effect, the Administrative Agent shall promptly repay to each Pledgor (without interest)
all dividends, interest, principal or other distributions that such Pledgor would otherwise be permitted to retain pursuant to the terms of paragraph (a)(iii) of this Section 3.05 and that remain in such account. 

(c) Upon the occurrence and during the continuance of an Event of Default and after notice by the Administrative Agent to the relevant
Pledgors of the Administrative Agent’s intention to exercise its rights hereunder, all rights of any Pledgor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to paragraph (a)(i) of this
Section 3.05, and the obligations of the Administrative Agent under paragraph (a)(ii) of this Section 3.05, shall cease, and all such rights shall thereupon become vested in the Administrative Agent, for the benefit of the Secured
Parties, which shall have the sole and exclusive right and authority to exercise such voting and consensual rights and powers; provided that, unless otherwise directed by the Required Lenders, the Administrative Agent shall have the right
from time to time following and during the continuance of an Event of Default to permit the Pledgors to exercise such rights. After all Events of Default have been cured or waived and the Borrower has delivered to the Administrative Agent a
certificate to that effect, each Pledgor shall have the right to exercise the voting and/or consensual rights and powers that such Pledgor would otherwise be entitled to exercise pursuant to the terms of paragraph (a)(i) above. 

  
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 ARTICLE IV. 

SECURITY INTERESTS IN OTHER PERSONAL PROPERTY 

Section 4.01. Security Interest. 

(a) As security for the payment or performance when due (whether at the stated maturity, by acceleration or otherwise), as the case may be, in
full of the Obligations, each Pledgor hereby pledges to the Administrative Agent, for the benefit of the Secured Parties, and hereby grants to the Administrative Agent, for the benefit of the Secured Parties, a security interest (the
“Security Interest”) in all right, title and interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such Pledgor or in which such Pledgor now has or at any time in the
future may acquire any right, title or interest (collectively, the “Article 9 Collateral”): 
 (i) all
Accounts; 
 (ii) all Chattel Paper; 

(iii) all Documents; 

(iv) all Goods, including Equipment, Fixtures and Inventory; 

(v) all General Intangibles; 

(vi) all Instruments; 

(vii) all Investment Property (other than the Pledged Securities); 

(viii) all Letters of Credit and Letter-of-Credit Rights; 

(ix) all Commercial Tort Claims; 

(x) all books and records pertaining to the Article 9 Collateral; 

(xi) all Intellectual Property; and 

(xii) to the extent not otherwise included, all proceeds, Supporting Obligations and products of any and all of the foregoing
and all collateral security and guarantees given by any person with respect to any of the foregoing. 
 Notwithstanding anything to the contrary herein, the
term Article 9 Collateral shall not include Excluded Property. 
 (b) Each Pledgor hereby irrevocably authorizes the Administrative Agent at
any time and from time to time to file in any relevant jurisdiction any initial financing statements (including fixture filings) with respect to the Article 9 Collateral or any part thereof and amendments thereto that contain the information
required by Article 9 of the Uniform Commercial Code of each applicable jurisdiction for the filing of any financing statement or amendment, including (i) whether such Pledgor is an organization, the type of organization and any
organizational identification number issued to such Pledgor, (ii) in the 

  
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case of a financing statement filed as a fixture filing, a sufficient description of the real property to which such Article 9 Collateral relates and (iii) a description of collateral
that describes such property in any other manner as the Administrative Agent may reasonably determine is necessary or advisable to ensure the perfection of the security interest in the Article 9 Collateral granted under this Agreement,
including describing such property as “all assets” or “all property.” Each Pledgor agrees to provide such information to the Administrative Agent promptly upon request. 

The Administrative Agent is further authorized to file with the United States Copyright Office (or any successor office or any similar office
in any other country) such documents as may be reasonably necessary or advisable for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interest granted by each Pledgor, without the signature of any Pledgor, and
naming any Pledgor or the Pledgors as debtors and the Administrative Agent as secured party. 
 (c) The Security Interest is granted as
security only and shall not subject the Administrative Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any Pledgor with respect to or arising out of the Article 9 Collateral. 

Section 4.02. Representations and Warranties. The Pledgors jointly and severally represent arid warrant to the Administrative
Agent and the Secured Parties that: 
 (a) Each Pledgor has good, and to each Pledgor’s knowledge, valid rights in and
title to the Article 9 Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Administrative Agent the Security Interest in such Article 9 Collateral
pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other person other than any consent or approval that has been obtained and is in full force
and effect or has otherwise been disclosed herein or in the Credit Agreement. 
 (b) The Perfection Certificate has been duly
prepared, completed and executed and the information set forth therein, including the exact legal name of each Pledgor, is correct and complete, in all material respects, as of the Closing Date. The Uniform Commercial Code financing statements
(including fixture filings, as applicable) or other appropriate filings, recordings or registrations containing a description of the Article 9 Collateral that have been prepared by the Administrative Agent based upon the information provided to
the Administrative Agent in the Perfection Certificate for filing in each governmental, municipal or other office specified in Schedule 7 to the Perfection Certificate (or specified by notice from the Borrower to the Administrative Agent
after the Closing Date in the case of filings, recordings or registrations required by Section 5.10 of the Credit Agreement) constitute all the filings, recordings and registrations (other than filings to be made in the United States Copyright
Office, as applicable, with respect to Article 9 Collateral consisting of United States registered Copyrights and applications thereof) that are necessary to perfect a security interest in favor of the Administrative Agent (for the benefit of
the Secured Parties) in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or registration in the United States (or any political subdivision thereof) and its territories and possessions,
and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in any such jurisdiction, except as provided under applicable law with respect to the filing of continuation statements or amendments.
Each Pledgor represents and warrants that a fully executed agreement in the form hereof (or a short form hereof which form shall be reasonably acceptable to the Administrative Agent) containing a description of all Article 9 Collateral
consisting of Intellectual Property with respect to United States registered Copyrights has been delivered to the Administrative Agent for recording with the United States Copyright Office pursuant to 17 U.S.C. § 205 and the regulations
thereunder, as 

  
 -13- 

 
applicable, and reasonably requested by the Administrative Agent, to protect the validity of and to establish a legal, valid and perfected security interest in favor of the Administrative Agent,
for the benefit of the Secured Parties, in respect of all Article 9 Collateral consisting of such Copyrights in which a security interest may be perfected by recording with the United States Copyright Office, as applicable, and no further or
subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary and of Copyrights acquired or developed after the date hereof). 

(c) The Security Interest constitutes (i) a legal and valid security interest in all the Article 9 Collateral
securing the payment and performance of the Obligations, (ii) subject to the filings and other actions described in Section 4.02(b), (A) a perfected security interest in all Article 9 Collateral in which a security interest may
be perfected by possession or filing a financing statement in the United States (or any political subdivision thereof) and its territories and possessions pursuant to the Uniform Commercial Code in such jurisdictions and (B) a security interest
that shall be perfected in all Article 9 Collateral in which a security interest may be perfected upon the receipt and recording of this Agreement (or a short form hereof) with the United States Copyright Office. The Security Interest is and
shall be prior to any other Lien on any of the Article 9 Collateral, other than Liens expressly permitted pursuant to Section 6.02 of the Credit Agreement or arising by operation of law. 

(d) The Article 9 Collateral is owned by the Pledgors free and clear of any Lien, other than Liens expressly permitted
pursuant to Section 6.02 of the Credit Agreement. None of the Pledgors has filed or consented to the filing of (i) any financing statement or analogous document under the Uniform Commercial Code or any other applicable laws covering any
Article 9 Collateral, (ii) any assignment in which any Pledgor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with the United States Patent and Trademark Office
or the United States Copyright Office or (iii) any assignment in which any Pledgor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with any foreign governmental,
municipal or other office, which financing statement or analogous document, assignment, security agreement or similar instrument is still in effect, except, in each case, for Liens expressly permitted pursuant to Section 6.02 of the Credit
Agreement. 
 (e) None of the Pledgors holds any Letter-of-Credit Rights individually in excess of $40,000,000 as of the
Closing Date. 
 (f) None of the Pledgors holds any Commercial Tort Claim individually in excess of $10,000,000 as of the
Closing Date. 
 (g) Except as set forth in the Perfection Certificate, as of the Closing Date, all Accounts have been
originated by the Pledgors and all Inventory has been produced or acquired by the Pledgors in the ordinary course of business. 

Section 4.03. Covenants. 

(a) Each Pledgor agrees promptly to notify the Administrative Agent in writing of any change (i) in its corporate or organization name,
(ii) in its identity or type of organization or corporate structure, (iii) in its Federal Taxpayer Identification Number or organizational identification number or (iv) in its jurisdiction of organization. Each Pledgor agrees promptly
(and, in any event within 30 Business Days or such longer period as otherwise reasonably agreed by the Administrative Agent) to provide the Administrative Agent with certified organizational documents reflecting any of the changes described in the
immediately preceding sentence. Each Pledgor agrees not to effect or permit any change referred to 

  
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in the first sentence of this paragraph (a) unless all filings have been made, or will have been made within any applicable statutory period, under the Uniform Commercial Code or otherwise
that are required in order for the Administrative Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Article 9 Collateral, for the benefit of the Secured Parties. 

(b) Subject to the rights of such Pledgor under the Loan Documents to dispose of Collateral, each Pledgor shall, at its own expense, use
commercially reasonable efforts to defend title to any material portion of the Article 9 Collateral against all persons and to defend the Security Interest of the Administrative Agent, for the benefit of the Secured Parties, in the
Article 9 Collateral and the priority thereof against any Lien not expressly permitted pursuant to Section 6.02 of the Credit Agreement. 

(c) Subject to the limitations on actions that the Pledgors are required to take set forth herein or in the Credit Agreement, each Pledgor
agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such further instruments and documents and take all such actions as the Administrative Agent may from time to time reasonably request to better assure,
preserve, protect and perfect the Security Interest and the rights and remedies created hereby, including the payment of any fees and taxes required in connection with the execution and delivery of this Agreement, the granting of the Security
Interest and the filing of any financing statements (including fixture filings) or other documents in connection herewith or therewith. If any amount payable under or in connection with any of the Collateral that shall be or become evidenced by any
promissory note or other instrument such note or instrument shall be promptly pledged and delivered to the Administrative Agent, for the benefit of the Secured Parties, duly endorsed in a manner reasonably satisfactory to the Administrative Agent;
provided that no such note or instrument shall be required to be delivered to the Administrative Agent to the extent the amount thereof is less than $40,000,000. 

Without limiting the generality of the foregoing, each Pledgor hereby authorizes the Administrative Agent, with prompt notice thereof to the
Pledgors, to supplement this Agreement by supplementing Schedule 12(a) to the Perfection Certificate or adding additional schedules thereto to specifically identify any asset or item that may constitute Copyrights or Copyright Licenses;
provided that any Pledgor shall have the right, exercisable within 30 days after it has been notified by the Administrative Agent of the specific identification of such Article 9 Collateral, to advise the Administrative Agent in writing
of any inaccuracy of the representations and warranties made by such Pledgor hereunder with respect to such Article 9 Collateral. Each Pledgor agrees that it will use its commercially reasonable efforts to take such action as shall be necessary
in order that all representations and warranties hereunder shall be true and correct with respect to such Article 9 Collateral within 30 days after the date it has been notified by the Administrative Agent of the specific identification of such
Article 9 Collateral. 
 (d) After the occurrence of an Event of Default and during the continuance thereof, the Administrative Agent
shall have the right to verify under reasonable procedures the validity, amount, quality, quantity, value, condition and status of, or any other matter relating to, the Article 9 Collateral, including, in the case of Accounts or Article 9
Collateral in the possession of any third person, by contacting Account Debtors or the third person possessing such Article 9 Collateral for the purpose of making such a verification. The Administrative Agent shall have the right to share any
information it gains from such inspection or verification with any Secured Party. 
 (e) After the occurrence of an Event of Default and
during the continuance thereof, at its option, the Administrative Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Article 9 Collateral and not
permitted pursuant to Section 6.02 of the Credit Agreement, and may pay for the maintenance and preservation of the Article 9 Collateral to the extent any Pledgor fails to do so as required by the Credit Agreement or this Agreement, and
each Pledgor jointly and severally agrees to reimburse the Administrative Agent on demand 

  
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for any reasonable payment made or any reasonable expense incurred by the Administrative Agent pursuant to the foregoing authorization; provided, however, that nothing in this
Section 4.03(e) shall be interpreted as excusing any Pledgor from the performance of, or imposing any obligation on the Administrative Agent or any Secured Party to cure or perform, any covenants or other promises of any Pledgor with respect to
taxes, assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents. 

(f) Each Pledgor (rather than the Administrative Agent or any Secured Party) shall remain liable for the observance and performance of all the
conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Article 9 Collateral and each Pledgor jointly and severally agrees to indemnify and hold harmless the Administrative
Agent and the Secured Parties from and against any and all liability for such performance. 
 (g) None of the Pledgors shall make or permit
to be made an assignment, pledge or hypothecation of the Article 9 Collateral or shall grant any other Lien in respect of the Article 9 Collateral, except as expressly permitted by the Credit Agreement. None of the Pledgors shall make or
permit to be made any transfer of the Article 9 Collateral and each Pledgor shall remain at all times in possession of the Article 9 Collateral owned by it, except as permitted by the Credit Agreement. 

(h) Each Pledgor irrevocably makes, constitutes and appoints the Administrative Agent (and all officers, employees or agents designated by the
Administrative Agent) as such Pledgor’s true and lawful agent (and attorney-in-fact) for the purpose, during the continuance of an Event of Default, of making, settling and adjusting claims in respect of Article 9 Collateral under policies
of insurance, endorsing the name of such Pledgor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance and for making all determinations and decisions with respect thereto. In the event that any
Pledgor at any time or times shall fail to obtain or maintain any of the policies of insurance required hereby or to pay any premium in whole or part relating thereto, the Administrative Agent may, without waiving or releasing any obligation or
liability of the Pledgors hereunder or any Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium and take any other actions with respect thereto as the Administrative Agent reasonably deems
advisable. All sums disbursed by the Administrative Agent in connection with this Section 4.03(i), including reasonable attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, upon demand, by the
Pledgors to the Administrative Agent and shall be additional Obligations secured hereby. 
 (i) From and after the occurrence of an Event of
Default, to the extent requested by the Administrative Agent, the Pledgors shall comply with the Assignment of Claims Act of 1940, 31 U.S.C. § 3727(c), with respect to each Pledgor’s contracts with the U.S. government or any
branch, agency, bureau or subdivision thereof. 
 Section 4.04. Other Actions. In order to further ensure the attachment,
perfection and priority of, and the ability of the Administrative Agent to enforce, for the benefit of the Secured Parties, the Administrative Agent’s security interest in the Article 9 Collateral, each Pledgor agrees, in each case at such
Pledgor’s own expense, to take the following actions with respect to the following Article 9 Collateral: 
 (a)
[Reserved]. 
 (b) [Reserved]. 

(c) Commercial Tort Claims. If, at the Time of the Annual Report, any Pledgor shall at any time hold or acquire a
Commercial Tort Claim in an amount reasonably estimated to exceed $10,000,000, such Pledgor shall promptly, and in any event within 15 Business Days, notify the Administrative Agent thereof in a writing signed by such Pledgor, including a summary
description of such claim, and take such actions as Administrative Agent may reasonably request. 

  
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 (d) Letter-of-Credit Rights. If any Pledgor is at any time a beneficiary
under a Letter of Credit now or hereafter issued (other than a Letter-of-Credit that constitutes Excluded Property), such Pledgor shall promptly notify the Administrative Agent thereof and take such actions as Administrative Agent may reasonably
request. 
 Section 4.05. Covenants Regarding Patent, Trademark and Copyright Collateral. 

(a) Each Pledger agrees that it will not knowingly do any act or omit to do any act (and will exercise commercially reasonable efforts to
prevent its licensees from doing any act or omitting to do any act) whereby any Patent that, in such Pledgor’s reasonable business judgment, is material to the normal conduct of such Pledgor’s business may become prematurely invalidated or
dedicated to the public, and agrees that it shall take commercially reasonable steps with respect to any material products covered by any such Patent as necessary and sufficient to establish and preserve its rights under applicable patent laws, in
each case other than to the extent the failure to do so could not reasonably be expected to have a Material Adverse Effect. Each Pledger will, and will use its commercially reasonable efforts to cause its licensees or its sublicensees to, for each
material Trademark that, in such Pledgor’s reasonable business judgment, is necessary to the normal conduct of such Pledgor’s business, (i) maintain such Trademark in full force free from any adjudication of abandonment or invalidity
for non-use, (ii) maintain the quality of products and services offered under such Trademark, (iii) display such Trademark with notice of federal or foreign registration or claim of trademark or service mark as required under applicable
law and (iv) not knowingly use or knowingly permit its licensees’ use of such Trademark in violation of any third-party rights, in each case other than to the extent the failure to do so could not reasonably be expected to have a Material
Adverse Effect. 
 (b) Each Pledger will, and will use its commercially reasonable efforts to cause its licensees or its sublicensees to,
for each work covered by a material Copyright that, in such Pledgor’s reasonable business judgment, is necessary to the normal conduct of such Pledgor’s business that it publishes, displays and distributes, use copyright notice as required
under applicable copyright laws, in each case other than to the extent the failure to do so could not reasonably be expected to have a Material Adverse Effect. 

(c) Each Pledger shall notify the Administrative Agent promptly if it knows that any Patent, Trademark or Copyright that, in such
Pledgor’s reasonable business judgment, is material to the normal conduct of such Pledgor’s business may imminently become abandoned, lost or dedicated to the public, or of any materially adverse determination, excluding office actions and
similar determinations in the United States Patent and Trademark Office or the United States Copyright Office, regarding such Pledgor’s ownership of any such material Patent, Trademark or Copyright or its right to register or to maintain the
same, in each case other than to the extent the failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 (d)
Each Pledgor, either itself or through any agent, employee, licensee or designee, shall (i) inform the Administrative Agent on an annual basis (at the time of delivery of the annual financial statements pursuant to Section 5.04(a) of the
Credit Agreement) (the “Time of the Annual Report”) of each registration and each application, if any, made by itself, or through any agent, employee, licensee or designee, for any Copyright with the United States Copyright Office
filed during the preceding fiscal year, and (ii) execute and file any and all agreements, instruments, documents and papers as are necessary or as the Administrative Agent may reasonably request to evidence the Administrative Agent’s
security interest in such Copyright (it being understood, for the avoidance of doubt, that no Pledgor shall be required to make any filings with the United States Patent and Trademark Office). 

  
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 (e) Upon and during the continuance of an Event of Default, each Pledgor shall use commercially
reasonable efforts to obtain all requisite consents or approvals from the licensor under each Copyright License, Patent License or Trademark License to effect the assignment of all such Pledgor’s right, title and interest thereunder to (in the
Administrative Agent’s sole discretion) the designee of the Administrative Agent or the Administrative Agent. 
 ARTICLE V. 

REMEDIES 

Section 5.01. Remedies Upon Default. Upon the occurrence and during the continuance of an Event of Default, each Pledgor agrees to
deliver each item of Collateral to the Administrative Agent on demand, and it is agreed that the Administrative Agent shall have the right to take any of or all the following actions at the same or different times: (a) with respect to any
Article 9 Collateral consisting of Intellectual Property, on demand, to cause the Security Interest to become an assignment, transfer and conveyance of any of or all such Article 9 Collateral by the applicable Pledgors to the
Administrative Agent or to license or sublicense, whether general, special or otherwise, and whether on an exclusive or a nonexclusive basis, any such Article 9 Collateral throughout the world on such terms and conditions and in such manner as
the Administrative Agent shall determine (other than in violation of any then-existing licensing arrangements to the extent that waivers thereunder cannot be obtained), (b) with or without legal process and with or without prior notice or
demand for performance, to take possession of the Article 9 Collateral and without liability for trespass to the applicable Pledgor to enter any premises where the Article 9 Collateral may be located for the purpose of taking possession of
or removing the Article 9 Collateral and, generally, to exercise any and all rights afforded to a secured party under the applicable Uniform Commercial Code or other applicable law and (c) seek a court order directing every U.S. government
or any branch, agency, bureau or subdivision thereof which is under a contract with any Pledgor or any subsidiary thereof to make such payments directly to the Administrative Agent. Without limiting the generality of the foregoing, each Pledgor
agrees that the Administrative Agent shall have the right, subject to the mandatory requirements of applicable law, to sell or otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any
securities exchange, for cash, upon credit or for future delivery as the Administrative Agent shall deem appropriate. The Administrative Agent shall be authorized in connection with any sale of a security (if it deems it advisable to do so) pursuant
to the foregoing to restrict the prospective bidders or purchasers to persons who represent and agree that they are purchasing such security for their own account, for investment, and not with a view to the distribution or sale thereof. Upon
consummation of any such sale of Collateral pursuant to this Section 5.01 the Administrative Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any
such sale shall hold the property sold absolutely, free from any claim or right on the part of any Pledgor, and each Pledgor hereby waives and releases (to the extent permitted by law) all rights of redemption, stay, valuation and appraisal that
such Pledgor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. 
 The
Administrative Agent shall give the applicable Pledgors 15 days’ written notice (which each Pledgor agrees is reasonable notice within the meaning of Section 9-611 of the New York UCC or its equivalent in other jurisdictions) of the
Administrative Agent’s intention to make any sale of Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall
state the board or exchange at which such sale is to be made and the day on which the Collateral, or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary
business hours and at such place or places as the Administrative Agent may fix and state in the notice (if any) of such sale. At any such sale, the Collateral, or the portion thereof, to be sold may be sold in one lot as an

  
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entirety or in separate parcels, as the Administrative Agent may (in its sole and absolute discretion) determine. The Administrative Agent shall not be obligated to make any sale of any
Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Administrative Agent may, without notice or publication, adjourn any public or private sale or cause the same to
be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In the case of any sale of all or any part of the
Collateral made on credit or for future delivery, the Collateral so sold shall be retained by the Administrative Agent until the sale price is paid by the purchaser or purchasers thereof, but the Administrative Agent shall not incur any liability in
the event that any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in the case of any such failure, such Collateral may be sold again upon notice given in accordance with provisions above. At any public
(or, to the extent permitted by law, private) sale made pursuant to this Section 5.01, any Secured Party may bid for or purchase for cash, free (to the extent permitted by law) from any right of redemption, stay, valuation or appraisal on the
part of any Pledgor (all such rights being also hereby waived and released to the extent permitted by law), the Collateral or any part thereof offered for sale and such Secured Party may, upon compliance with the terms of sale, hold, retain and
dispose of such property in accordance with Section 5.02 hereof without further accountability to any Pledgor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale
thereof; the Administrative Agent shall be free to carry out such sale pursuant to such agreement and no Pledgor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the
Administrative Agent shall have entered into such an agreement all Events of Default shall have been remedied and the Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Administrative Agent may
proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a
court-appointed receiver. Any sale pursuant to the provisions of this Section 5.01 shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(6) of the New York UCC or its equivalent in other
jurisdictions. 
 Section 5.02. Application of Proceeds. The Administrative Agent shall apply the proceeds, moneys or balances
of any collection or sale of Collateral, as well as any Collateral consisting of cash, as follows: 
 FIRST, to the payment
of that portion of the Obligations constituting indemnities, fees, costs and expenses incurred by the Administrative Agent in connection with such collection or sale or otherwise in connection with this Agreement, any other Loan Document or any of
the Obligations, including all court costs and the fees and expenses of its agents and legal counsel, the repayment of all advances made by the Administrative Agent hereunder or under any other Loan Document on behalf of any Pledgor and any other
costs or expenses incurred in connection with the exercise of any right or remedy hereunder or under any other Loan Document; 

SECOND, to the payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than
principal and interest and Letter of Credit fees) payable to the Lenders and the Issuing Banks, including all court costs and the fees and expenses of their respective agents and legal counsel arising under the Loan Documents (the amounts so applied
to be distributed among the Lenders and Issuing Banks pro rata in accordance with the respective amounts of the Obligations described in this clause second owed to them on the date of any such distribution) 

THIRD, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit fees and interest on the
Loans, the L/C Disbursements and other Obligations arising 

  
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under the Loan Documents (the amounts so applied to be distributed among the Lenders and the Issuing Banks pro rata in accordance with the respective amounts of the Obligations described in this
clause third owed to them on the date of any such distribution); 
 FOURTH, to the payment in full of that portion of the
Obligations constituting unpaid principal of the Loans, the L/C Disbursements and the Obligations then owing under the Secured Hedge Agreements and the Secured Cash Management Agreements (the amounts so applied to be distributed among the Secured
Parties pro rata in accordance with the respective amounts of the Obligations described in this clause fourth owed to them on the date of any such distribution); 

FIFTH, to the Administrative Agent for the account of each Issuing Bank, to Cash Collateralize that portion of L/C Obligations
comprised of the aggregate undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized by the Borrower pursuant to Section 2.05(j) of the Credit Agreement; and 

SIXTH, to the payment of all other Obligations of the Loan Parties that are due and payable to the Administrative Agent and the
other Secured Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative Agent and the other Secured Parties on such date; and 

SEVENTH, to the Pledgors, their successors or assigns, or as a court of competent jurisdiction may otherwise direct. 

Subject to Sections 2.03(e) and 2.03(j), amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to
clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining
amount shall be applied to the other Obligations, if any, in the order set forth above and, if no Obligations remain outstanding, to the Borrower. Notwithstanding the foregoing, no amounts received from any Guarantor shall be applied to any
Excluded Swap Obligations of such Guarantor. 
 The Administrative Agent shall have absolute discretion as to the time of application of any such proceeds,
moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the Administrative Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the purchase money by the
Administrative Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any part of the
purchase money paid over to the Administrative Agent or such officer or be answerable in any way for the misapplication thereof. 

Section 5.03. Grant of License To Use Intellectual Property. For the purpose of enabling the Administrative Agent to exercise
rights and remedies under this Agreement at such time as the Administrative Agent shall be lawfully entitled to exercise such rights and remedies, each Pledgor hereby grants to (in the Administrative Agent’s sole discretion) a designee of the
Administrative Agent or the Administrative Agent, for the benefit of the Secured Parties, an irrevocable, non-exclusive license (exercisable without payment of royalty or other compensation to any Pledgor) to use, license or sublicense any of the
Article 9 Collateral consisting of Intellectual Property now owned or hereafter acquired by such Pledgor, wherever the same may be located, and including, without limitation, in such license reasonable access to all media in which any of the
licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof, the right to prosecute and maintain all intellectual property and the right to sue or its designee for past infringement
of the intellectual property. The use of such license by the Administrative Agent may be exercised, at the option of the Administrative Agent, 

  
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only upon the occurrence and during the continuation of an Event of Default; provided that any license, sublicense or other transaction entered into by the Administrative Agent or its
designee in accordance herewith shall be binding upon the Pledgors notwithstanding any subsequent cure of an Event of Default. 

Section 5.04. Securities Act, etc. In view of the position of the Pledgors in relation to the Pledged Collateral, or because of
other current or future circumstances, a question may arise under the Securities Act of 1933, as now or hereafter in effect, or any similar federal statute hereafter enacted analogous in purpose or effect (such Act and any such similar statute as
from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Pledged Collateral permitted hereunder. Each Pledgor understands that compliance with the Federal Securities Laws might
very strictly limit the course of conduct of the Administrative Agent if the Administrative Agent were to attempt to dispose of all or any part of the Pledged Collateral, and might also limit the extent to which or the manner in which any subsequent
transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the Administrative Agent in any attempt to dispose of all or part of the Pledged Collateral under applicable
Blue Sky or other state securities laws or similar laws analogous in purpose or effect. Each Pledgor acknowledges and agrees that in light of such restrictions and limitations, the Administrative Agent, in its sole and absolute discretion,
(a) may proceed to make such a sale whether or not a registration statement for the purpose of registering such Pledged Collateral or part thereof shall have been filed under the Federal Securities Laws or, to the extent applicable, Blue Sky or
other state securities laws and (b) may approach and negotiate with a single potential purchaser to effect such sale. Each Pledgor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller
than if such sale were a public sale without such restrictions. In the event of any such sale, the Administrative Agent shall incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the
Administrative Agent, in its sole and absolute discretion, may in good faith deem reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after
registration as aforesaid or if more than a single purchaser were approached. The provisions of this Section 5.04 will apply notwithstanding the existence of a public or private market upon which the quotations or sales prices may exceed
substantially the price at which the Administrative Agent sells. 
 ARTICLE VI. 

INDEMNITY, SUBROGATION AND SUBORDINATION 

Section 6.01. Indemnity and Subrogation. In addition to all such rights of indemnity and subrogation as the Guarantors may have
under applicable law (but subject to Section 6.03 hereof), the Borrower agrees that (a) in the event a payment shall be made by any Guarantor under this Agreement in respect of any Obligation of the Borrower, the Borrower shall indemnify
such Guarantor for the full amount of such payment and such Guarantor shall be subrogated to the rights of the person to whom such payment shall have been made to the extent of such payment and (b) in the event any assets of any Guarantor shall
be sold pursuant to this Agreement or any other Security Document to satisfy in whole or in part an Obligation of the Borrower, the Borrower shall indemnify such Guarantor in an amount equal to the greater of the book value or the fair market value
of the assets so sold. 
 Section 6.02. Contribution and Subrogation. Each Guarantor (a “Contributing
Guarantor”) agrees (subject to Section 6.03 hereof) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation or assets of any other Guarantor shall be sold pursuant to any Security
Document to satisfy any Obligation owed to any Secured Party and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Borrower as provided in Section 6.01 hereof, the Contributing
Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment or the greater of the book value or the fair market value of such assets, as applicable, 

  
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in each case multiplied by a fraction of which the numerator shall be the net worth of such Contributing Guarantor on the date hereof and the denominator shall be the aggregate net worth of all
the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 7.17 hereof, the date of the supplement hereto executed and delivered by such Guarantor). Any Contributing Guarantor making any
payment to a Claiming Guarantor pursuant to this Section 6.02 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 hereof to the extent of such payment. 

Section 6.03. Subordination. 

(a) Notwithstanding any provision of this Agreement to the contrary, all rights of the Guarantors under Sections 6.01 and 6.02 hereof and
all other rights of indemnity, contribution or subrogation of the Guarantors under applicable law or otherwise shall be fully subordinated to the payment in full in cash or immediately available funds of the Obligations (other than contingent or
unliquidated obligations or liabilities). No failure on the part of the Borrower or any Guarantor to make the payments required by Sections 6.01 and 6.02 hereof (or any other payments required under applicable law or otherwise) shall in any
respect limit the obligations and liabilities of such Borrower or any Guarantor with respect to its Obligations, and the Borrower and each Guarantor shall remain liable for the full amount of its Obligations. 

(b) Each Guarantor hereby agrees that all Indebtedness and other monetary obligations owed by it to the Borrower, any other Guarantor or any
Subsidiary shall be fully subordinated to the payment in full in cash or immediately available funds of the Obligations (other than contingent or unliquidated obligations or liabilities). 

ARTICLE VII. 
 MISCELLANEOUS

 Section 7.01. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be
in writing and given as provided in Section 9.01 of the Credit Agreement. All communications and notices hereunder to any Subsidiary Party shall be given to it in care of the Borrower, with such notice to be given as provided in
Section 9.01 of the Credit Agreement. 
 Section 7.02. Security Interest Absolute. All rights of the Administrative Agent
hereunder, the Security Interest in the Article 9 Collateral, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or
enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or place of payment
of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument, (c) any exchange, release
or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Obligations or (d) any other circumstance that might
otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or this Agreement (other than a defense of payment or performance). 

Section 7.03. Limitation By Law. All rights, remedies and powers provided in this Agreement may be exercised only to the extent
that the exercise thereof does not violate any applicable provision of law, and all the provisions of this Agreement are intended to be subject to all applicable mandatory provisions of law that may be controlling and to be limited to the extent
necessary so that they shall not render this Agreement invalid, unenforceable, in whole or in part, or not entitled to be recorded, registered or filed under the provisions of any applicable law. 

  
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 Section 7.04. Binding Effect; Several Agreement. This Agreement shall become
effective as to any party to this Agreement when a counterpart hereof executed on behalf of such party shall have been delivered to the Administrative Agent and a counterpart hereof shall have been executed on behalf of the Administrative Agent, and
thereafter shall be binding upon such party and the Administrative Agent and their respective permitted successors and assigns, and shall inure to the benefit of such party, the Administrative Agent and the other Secured Parties and their respective
permitted successors and assigns, except that no party shall have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly
contemplated by this Agreement or the Credit Agreement. This Agreement shall be construed as a separate agreement with respect to each party and may be amended, modified, supplemented, waived or released with respect to any party without the
approval of any other party and without affecting the obligations of any other party hereunder. 
 Section 7.05. Successors and
Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Pledgor
or the Administrative Agent that are contained in this Agreement shall bind and inure to the benefit of their respective permitted successors and assigns; provided that no Pledgor may assign, transfer or delegate any of its rights or
obligations under this Agreement without the prior written consent of the Administrative Agent. 
 Section 7.06. Administrative
Agent’s Fees and Expenses; Indemnification. 
 (a) The parties hereto agree that the Administrative Agent shall be entitled to
reimbursement of its expenses incurred hereunder as provided in Section 9.05 of the Credit Agreement. Without limitation of its indemnification obligations under the other Loan Documents, each Pledgor jointly and severally agrees to indemnify
the Administrative Agent and the other Indemnitees against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees, charges and disbursements, incurred by or
asserted against any Indemnitee arising out of, in connection with, or as a result of, (i) the execution, delivery or performance of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the
performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and other transactions contemplated hereby, (ii) the use of proceeds of the Loans or the use of any Letter of
Credit or (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, or to the Collateral, whether or not any Indemnitee is a party thereto and whether or not such claim, litigation, investigation or proceeding
is brought by the Borrower or any other Loan Party or a third party; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by
a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee. 

(b) Any such amounts payable as provided hereunder shall be additional Obligations secured hereby and by the other Security Documents. The
provisions of this Section 7.06 shall remain operative and in full force and effect regardless of the termination of this Agreement or any other Loan Document, the consummation of the transactions contemplated hereby, the repayment of any of
the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent or any other Secured Party. All amounts due under this
Section 7.06 shall be payable on written demand therefor. 

  
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 Section 7.07. Administrative Agent Appointed Attorney-in-Fact. Each Pledgor hereby
appoints the Administrative Agent the attorney-in-fact of such Pledgor for the purpose of carrying out the provisions or this Agreement and taking any action and executing any instrument that the Administrative Agent may deem necessary or advisable
to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. The Administrative Agent shall have the right, upon the occurrence and during the continuance of an Event of Default, with full power of substitution
either in the Administrative Agent’s name or in the name of such Pledgor, (a) to receive, endorse, assign or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or
any part thereof; (b) to demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral; (c) to ask for, demand, sue for, collect, receive and give acquittance for any and all moneys
due or to become due under and by virtue of any Collateral; (d) to sign the name of any Pledgor on any invoice or bill of lading relating to any of the Collateral; (e) to send verifications of Accounts to any Account Debtor; (f) to
commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral;
(g) to settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any of the Collateral; (h) to notify, or to require any Pledgor to notify, Account Debtors to make payment directly to the
Administrative Agent; and (i) to use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this
Agreement, as fully and completely as though the Administrative Agent were the absolute owner of the Collateral for all purposes; provided, that nothing herein contained shall be construed as requiring or obligating the Administrative Agent
to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Administrative Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or
the moneys due or to become due in respect thereof or any property covered thereby. The Administrative Agent and the other Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to
them herein, and neither they nor their officers, directors, employees or agents shall be responsible to any Pledgor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct. 

Section 7.08. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 Section 7.09. Waivers; Amendment. 

(a) No failure or delay by the Administrative Agent, any Issuing Bank, any Lender or any other Secured Party in exercising any right, power or
remedy hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy, or any abandonment or discontinuance of steps to enforce such a right, power or remedy,
preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The rights, powers and remedies of the Administrative Agent, any Issuing Bank, the Lenders or any other Secured Party hereunder and under the other
Loan Documents are cumulative and are not exclusive of any rights, powers or remedies that they would otherwise have. 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, any Issuing Bank or any other Secured Party may have had notice or knowledge of such Default or Event of Default at the time. No notice or
demand on any Loan Party in any case shall entitle any Loan Party to any other or further notice or demand in similar or other circumstances. Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an
agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan Parties with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with
Section 9.08 of the Credit Agreement. 

  
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 Section 7.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENTS. EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.10. 

Section 7.11. Severability. In the event any one or more of the provisions contained in this Agreement or in any other Loan
Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby. The parties shall
endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 7.12. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall constitute an original
but all of which when taken together shall constitute but one contract, and shall become effective as provided in Section 7.04 hereof. Delivery of an executed counterpart to this Agreement by facsimile transmission or in electronic format
(including “pdf”) shall be as effective as delivery of a manually signed original. 
 Section 7.13. Headings. Article
and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

Section 7.14. Jurisdiction; Consent to Service of Process. 

(a) Each party to this Agreement hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of
any New York State court or federal court of the United States of America sitting in New York City, borough of Manhattan, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other
Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York
State or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in
any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent, any Issuing Bank, any Lender or any other Secured Party may otherwise have to bring any action or proceeding relating to this Agreement
or any other Loan Document against any Pledgor, or its properties, in the courts of any jurisdiction. 
 (b) Each party to this Agreement
hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this
Agreement or any other 

  
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Loan Document in any New York State or federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court. 
 Section 7.15. Termination or Release. 

(a) This Agreement, the guarantees made herein, the pledges made herein, the Security Interest and all other security interests granted hereby
shall terminate when all the Loan Document Obligations (other than contingent or unliquidated obligations or liabilities not then due) have been paid in full in cash or immediately available funds and the Commitments have been terminated and all
Letters of Credit have been canceled or have expired and all amounts drawn thereunder have been reimbursed in full. 
 (b) A Subsidiary
Party shall automatically be released from its obligations hereunder and the Security Interest in the Collateral of such Subsidiary Party shall be automatically released upon the consummation of any transaction permitted by the Credit Agreement as a
result of which such Subsidiary Party ceases to be a Subsidiary of the Borrower or otherwise ceases to be a Guarantor; provided that the Required Lenders shall have consented to such transaction (to the extent such consent is required by the
Credit Agreement) and the terms of such consent did not provide otherwise. 
 (c) Upon any sale or other transfer by any Pledgor of any
Collateral that is permitted under the Credit Agreement to any person that is not a Loan Party, or upon the effectiveness of any written consent to the release of the Security Interest granted hereby in any Collateral pursuant to Section 9.08
of the Credit Agreement, the Security Interest in such Collateral shall be automatically released. 
 (d) In connection with any termination
or release pursuant to paragraph (a), (b) or (c) of this Section 7.15, the Administrative Agent shall execute and deliver to any Pledgor, at such Pledgor’s expense all documents that such Pledgor shall reasonably request to
evidence such termination or release. Any execution and delivery of documents pursuant to this Section 7.15 shall be without recourse to or warranty by the Administrative Agent. 

Section 7.16. Collateral Suspension and Reversion. Notwithstanding anything to the contrary contained in this Agreement, any Loan
Document or any other document executed in connection herewith, during a Collateral Suspension Period, the Security Interest in all Collateral granted hereby shall be automatically released and terminated without any further action; provided,
however, that the Security Interest in all Collateral granted hereby shall be automatically reinstated upon the occurrence of the Reversion Date in accordance with Section 5.12 of the Credit Agreement, and each Pledgor shall take all
actions set forth in Section 5.12(b) of the Credit Agreement. 
 Section 7.17. Additional Subsidiaries. Upon execution and
delivery by the Administrative Agent and any Subsidiary that is required to become a party hereto by Section 5.10 of the Credit Agreement of an instrument in the form of Exhibit I hereto, such subsidiary shall become a Subsidiary
Party hereunder with the same force and effect as if originally named as a Subsidiary Party herein. The execution and delivery of any such instrument shall not require the consent of any other party to this Agreement. The rights and obligations of
each party to this Agreement shall remain in full force and effect notwithstanding the addition of any new party to this Agreement. 

Section 7.18. Right of Set-off. If an Event of Default shall have occurred and be continuing, each Lender and each Issuing Bank is
hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set-off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time
owing by such Lender or such Issuing Bank to or for the credit or the account of any party to this Agreement against any of and all the 

  
 -26- 

 
obligations of such party now or hereafter existing under this Agreement owed to such Lender or such Issuing Bank, irrespective of whether or not such Lender or such Issuing Bank shall have made
any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender under this Section 7.18 are in addition to other rights and remedies (including other rights of set-off) that such Lender or such Issuing
Bank may have. 
 [signature pages follow] 

  
 -27- 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year
first above written. 
  

							
	BORROWER:	 		 	NUANCE COMMUNICATIONS, INC.
				
		 		 	By:	 	 /s/ Daniel D. Tempesta

		 		 	Name:	 	Daniel D. Tempesta
		 		 	Title:	 	Chief Executive Officer
			
	SUBSIDIARY PARTIES:	 		 	NUANCE DOCUMENT IMAGING, INC.
				
		 		 	By:	 	 /s/ Daniel D. Tempesta

		 		 	Name:	 	Daniel D. Tempesta
		 		 	Title:	 	President
			
		 		 	NUANCE TRANSCRIPTION SERVICES, INC.
				
		 		 	By:	 	 /s/ Daniel D. Tempesta

		 		 	Name:	 	Daniel D. Tempesta
		 		 	Title:	 	President
			
		 		 	VLINGO CORPORATION
				
		 		 	By:	 	 /s/ Daniel D. Tempesta

		 		 	Name:	 	Daniel D. Tempesta
		 		 	Title:	 	President
			
		 		 	QUADRAMED QUANTIM CORPORATION
				
		 		 	By:	 	 /s/ Daniel D. Tempesta

		 		 	Name:	 	Daniel D. Tempesta
		 		 	Title:	 	President
			
		 		 	Address for Notices:
			
		 		 	Nuance Communications Inc.
		 		 	1 Wayside Road
		 		 	Burlington, MA 01803
		 		 	Attn: Daniel D. Tempesta

  
 [Guarantee and Collateral
Agreement] 

 
			
	BARCLAYS BANK PLC, as Administrative Agent
		
	By:	 	 /s/ Craig J. Malloy

	Name:	 	Craig J. Malloy
	Title:	 	Director

  
 [Guarantee and Collateral
Agreement] 

 EXHIBIT I 

Form of Supplement to the Guarantee and Collateral Agreement 

SUPPLEMENT NO.      

SUPPLEMENT NO.      dated as of             ,
201   (this “Supplement”), to the Guarantee and Collateral Agreement dated as of April 15, 2016 (the “Guarantee and Collateral Agreement”), among NUANCE COMMUNICATIONS, INC. (the
“Borrower”), each Subsidiary Party thereto and BARCLAYS BANK PLC, as Administrative Agent (in such capacity, the “Administrative Agent”) for the Secured Parties (as defined herein). 

A. Reference is made to the Revolving Credit Agreement, dated as of April 15, 2016 (as amended, restated, supplemented, waived or
otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders party thereto from time to time, the Administrative Agent, and the other parties party thereto. 

B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement and
the Guarantee and Collateral Agreement referred to therein. 
 C. The Guarantors have entered into the Guarantee and Collateral Agreement in
order to induce the Lenders to make Loans and each Issuing Bank to issue Letters of Credit. Section 7.17 of the Guarantee and Collateral Agreement provides that additional Subsidiaries may become Subsidiary Parties under the Guarantee and
Collateral Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the Credit
Agreement to become a Subsidiary Party under the Guarantee and Collateral Agreement in order to induce the Lenders to make additional Loans and each Issuing Bank to issue additional Letters of Credit and as consideration for Loans previously made
and Letters of Credit previously issued. 
 Accordingly, the Administrative Agent and the New Subsidiary agree as follows: 

In accordance with Section 7.17 of the Guarantee and Collateral Agreement, the New Subsidiary by its signature below becomes a Subsidiary
Party and a Guarantor under the Guarantee and Collateral Agreement with the same force and effect as if originally named therein as a Subsidiary Party and a Guarantor, and the New Subsidiary hereby (a) agrees to all the terms and provisions of
the Guarantee and Collateral Agreement applicable to it as a Subsidiary Party and Guarantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Guarantor thereunder are true and correct, in all
material respects, on and as of the date hereof. In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Obligations (as defined in the Guarantee and Collateral Agreement), does hereby create
and grant to the Administrative Agent, for the benefit of the Secured Parties, a security interest in and Lien on all the New Subsidiary’s right, title and interest in and to the Collateral (as defined in the Guarantee and Collateral Agreement)
of the New Subsidiary. Each reference to a “Subsidiary Party” or a “Guarantor” in the Guarantee and Collateral Agreement shall be deemed to include the New Subsidiary. The Guarantee and Collateral Agreement is hereby incorporated
herein by reference. 

  
 Exhibit I-1 

 The New Subsidiary represents and warrants to the Administrative Agent and the other Secured
Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to (i) the effects of bankruptcy,
insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity
or at law) and (iii) implied covenants of good faith and fair dealing. 
 This Agreement may be executed in two or more counterparts,
each of which shall constitute an original but all of which when taken together shall constitute but one contract. This Supplement shall become effective when (a) the Administrative Agent shall have received a counterpart of this Supplement
that bears the signature of the New Subsidiary and (b) the Administrative Agent has executed a counterpart hereof. 
 The New
Subsidiary hereby represents and warrants that the Perfection Certificate attached hereto as Schedule I and made a part hereof is true and correct as of the date hereof. 

Except as expressly supplemented hereby, the Guarantee and Collateral Agreement shall remain in full force and effect. 

THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY
THE LAWS OF THE STATE OF NEW YORK. 
 In the event any one or more of the provisions contained in this Supplement should be held
invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Guarantee and Collateral Agreement shall not in any way be affected or impaired thereby. The parties
shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

All communications and notices hereunder shall be in writing and given as provided in Section 7.01 of the Guarantee and Collateral
Agreement. 
 The New Subsidiary agrees to reimburse the Administrative Agent for its reasonable and documented out-of-pocket expenses in
connection with this Supplement, including the reasonable and documented fees, disbursements and other charges of counsel for the Administrative Agent. 

[signature pages follow] 

  
 Exhibit I-2 

 IN WITNESS WHEREOF, the New Subsidiary and the Administrative Agent have duly executed this Supplement to the
Guarantee and Collateral Agreement as of the day and year first above written. 
  

			
	[INSERT NAME]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Legal Name: [INSERT NAME]
	
	Jurisdiction of Formation: [INSERT]
	
	Location of Chief Executive Office:
	
	[INSERT]
	
	BARCLAYS BANK PLC, as
	      Administrative Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Exhibit I-3 

 Schedule I to Supplement No.      

Perfection Certificate 

[see attached] 

  
 Exhibit I-4 

 EXHIBIT II 

Form of Perfection Certificate 

[see attached] 

  
 Exhibit II-1 

 EXHIBIT III 

Form of Copyright Security Agreement 

Copyright Security Agreement, dated as of
[                    ], by
[                    ] and
[                    ] (individually, a “Pledgor”, and, collectively, the “Pledgors”), in favor of BARCLAYS
BANK PLC, in its capacity as administrative agent for the Secured Parties (in such capacity, the “Administrative Agent”). 

W I T N
E S S E T H: 

WHEREAS, the Pledgors are party to a Guarantee and Collateral Agreement dated as of April 15, 2016 (the “Guarantee
and Collateral Agreement”) in favor of the Administrative Agent pursuant to which the Pledgors are required to execute and deliver this Copyright Security Agreement; 

NOW, THEREFORE, in consideration of the premises and to induce the Administrative Agent, for the benefit of the
Secured Parties, to enter into the Credit Agreement, the Pledgors hereby agree with the Administrative Agent as follows: 
 SECTION 1.
Defined Terms. Unless otherwise defined herein, terms defined in the Guarantee and Collateral Agreement and used herein have the meaning given to them in the Guarantee and Collateral Agreement. 

SECTION 2. Grant of Security Interest in Copyright Collateral. Each Pledgor hereby pledges and grants to the Administrative Agent for
the benefit of the Secured Parties a lien on and security interest in and to all of its right, title and interest in, to and under all the following Pledged Collateral of such Pledgor: 

(a) all of the following now owned or hereafter acquired by any Pledgor: (i) all copyright rights in any work subject to the copyright
laws of the United States or any other country, whether as author, assignee, transferee or otherwise; and (ii) all registrations of any such Copyright in the United States or any other country, including registrations and supplemental
registrations in the United States Copyright Office and the right to obtain all renewals thereof, including those listed on Schedule I attached hereto; and 

(b) all proceeds of any and all of the foregoing. 

SECTION 3. Guarantee and Collateral Agreement. The security interest granted pursuant to this Copyright Security Agreement is granted
in conjunction with the security interest granted to the Administrative Agent pursuant to the Guarantee and Collateral Agreement and Pledgors hereby acknowledge and affirm that the rights and remedies of the Administrative Agent with respect to the
security interest in the Copyrights made and granted hereby are more fully set forth in the Guarantee and Collateral Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that
any provision of this Copyright Security Agreement is deemed to conflict with the Guarantee and Collateral Agreement, the provisions of the Guarantee and Collateral Agreement shall control unless the Administrative Agent shall otherwise determine.

 SECTION 5. Counterparts. This Copyright Security Agreement may be executed in any number of counterparts, all of which shall
constitute one and the same instrument, and any party hereto may execute this Copyright Security Agreement by signing and delivering one or more counterparts. 

  
 Exhibit III-1 

 [signature page follows] 

  
 Exhibit III-2 

 IN WITNESS WHEREOF, each Pledgor has caused this
Copyright Security Agreement to be executed and delivered by its duly authorized offer as of the date first set forth above. 
  

			
	Very truly yours,
	
	[PLEDGORS]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Accepted and Agreed:
	
	 BARCLAYS BANK PLC,
 as
Administrative Agent

		
	By:	 	  

	Name:	 	
	Title:	 	

  
 Exhibit III-3 

 SCHEDULE I 

to 
 COPYRIGHT SECURITY
AGREEMENT 
 COPYRIGHT REGISTRATIONS AND COPYRIGHT APPLICATIONS 

Copyright Registrations: 
  

					
	 OWNER
	  	REGISTRATION
NUMBER	  	TITLE
		  		  	

  
 Exhibit III-4EX-10.1

 Exhibit 10.1 

[EXECUTION COPY] 
 PUBLISHED
CUSIP NUMBER: 48917MAC6 
  
  

$600,000,000 
 FOURTH AMENDED AND
RESTATED CREDIT AGREEMENT 
 among 

KENNAMETAL INC. 
 and 

KENNAMETAL EUROPE GmbH, 
 as
Borrowers 
 The Several Lenders and Issuing Lenders From Time To Time Parties Hereto, 

PNC BANK, NATIONAL ASSOCIATION and 

JPMORGAN CHASE BANK, N.A., 
 as the
Co-Syndication Agents, 
 CITIZENS BANK OF PENNSYLVANIA, 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. and 

MIZUHO BANK, LTD. 
 as the
Co-Documentation Agents, 
 and 

BANK OF AMERICA, N.A., 
 as the
Administrative Agent 
 Dated as of April 15, 2016 
  

 
 MERRILL LYNCH, PIERCE,
FENNER & SMITH INCORPORATED, 
 PNC CAPITAL MARKETS LLC and 

JPMORGAN CHASE BANK, N.A., 
 as
Joint Book Runners, 
 and 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

PNC CAPITAL MARKETS LLC and 

JPMORGAN CHASE BANK, N.A., 
 as
Joint Lead Arrangers 
  
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
	 SECTION 1.
	 	 DEFINITIONS
	  	 	1	  
			
	 1.1.
	 	 Defined Terms
	  	 	1	  
	 1.2.
	 	 Other Definitional Provisions
	  	 	29	  
	 1.3.
	 	 Currency Conversion
	  	 	30	  
	 1.4.
	 	 Letter of Credit Amounts
	  	 	30	  
	 1.5.
	 	 Eurocurrency Rate
	  	 	30	  
			
	 SECTION 2.
	 	 AMOUNT AND TERMS OF COMMITMENTS
	  	 	30	  
			
	 2.1.
	 	 Commitments
	  	 	30	  
	 2.2.
	 	 Procedure for Revolving Loan Borrowing
	  	 	31	  
	 2.3.
	 	 Cashless Settlement
	  	 	32	  
	 2.4.
	 	 Swingline Commitment; Euro Swingline Commitment
	  	 	32	  
	 2.5.
	 	 Procedure for Swingline Borrowing: Refunding of Swingline Loans; Reallocation of Swingline
Commitment and Euro Swingline Commitment
	  	 	34	  
	 2.6.
	 	 L/C Commitment
	  	 	37	  
	 2.7.
	 	 Procedure for Issuance of Letters of Credit
	  	 	38	  
	 2.8.
	 	 L/C Participation
	  	 	40	  
	 2.8A.
	 	 Repayment of Participations
	  	 	41	  
	 2.9.
	 	 Reimbursement Obligation of the Borrowers
	  	 	42	  
	 2.10.
	 	 Obligations Absolute
	  	 	42	  
	 2.11.
	 	 Letter of Credit Payments
	  	 	43	  
	 2.12.
	 	 Applications; Applicability of ISP and UCP; Limitation of Liability
	  	 	44	  
	 2.13.
	 	 Certain Reporting Requirements
	  	 	44	  
	 2.13A.
	 	 Role of Issuing Lender
	  	 	44	  
	 2.14.
	 	 Fees and Other Charges, etc.
	  	 	45	  
	 2.15.
	 	 Optional Termination or Reduction of Commitments; Increase of Commitments
	  	 	46	  
	 2.16.
	 	 Optional Prepayments
	  	 	47	  
	 2.17.
	 	 Mandatory Prepayments
	  	 	48	  
	 2.18.
	 	 Conversion and Continuation Options
	  	 	48	  
	 2.19.
	 	 Limitations on Eurocurrency Tranches
	  	 	49	  
	 2.20.
	 	 Interest Rates and Payment Dates
	  	 	49	  
	 2.21.
	 	 Computation of Interest and Fees
	  	 	50	  
	 2.22.
	 	 Inability to Determine Interest Rate
	  	 	50	  
	 2.23.
	 	 Pro Rata Treatment and Payments
	  	 	51	  
	 2.24.
	 	 Requirements of Law
	  	 	53	  
	 2.25.
	 	 Taxes
	  	 	55	  
	 2.26.
	 	 Indemnity
	  	 	60	  
	 2.27.
	 	 Change of Lending Office
	  	 	60	  
	 2.28.
	 	 Replacement of Lenders
	  	 	60	  
	 2.29.
	 	 Judgment Currency
	  	 	61	  
	 2.30.
	 	 Foreign Currency Exchange Rate
	  	 	61	  
	 2.31.
	 	 Certain Borrowings of Dollar Revolving Loans and Refunding of Multicurrency Loans
	  	 	62	  
	 2.32.
	 	 Evidence of Debt
	  	 	62	  
	 2.33.
	 	 Addition of Foreign Borrowers; Termination of Foreign Borrowers
	  	 	63	  
	 2.34.
	 	 Guarantee by Company of Foreign Obligations
	  	 	64	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 2.35.
	 	 Limitation of Certain Obligations of Foreign Borrowers
	  	 	67	  
	 2.36.
	 	 Cash Collateral
	  	 	67	  
	 2.37.
	 	 Defaulting Lenders
	  	 	68	  
			
	 SECTION 3.
	 	 REPRESENTATIONS AND WARRANTIES
	  	 	70	  
			
	 3.1.
	 	 Financial Condition
	  	 	70	  
	 3.2.
	 	 No Change
	  	 	70	  
	 3.3.
	 	 Existence; Compliance with Law
	  	 	70	  
	 3.4.
	 	 Power; Authorization; Enforceable Obligations
	  	 	71	  
	 3.5.
	 	 No Legal Bar
	  	 	71	  
	 3.6.
	 	 Litigation
	  	 	71	  
	 3.7.
	 	 No Default
	  	 	71	  
	 3.8.
	 	 Ownership of Property, Liens
	  	 	71	  
	 3.9.
	 	 Intellectual Property
	  	 	71	  
	 3.10.
	 	 Taxes
	  	 	72	  
	 3.11.
	 	 Federal Regulations
	  	 	72	  
	 3.12.
	 	 ERISA
	  	 	72	  
	 3.13.
	 	 Investment Company Act; Other Regulations
	  	 	73	  
	 3.14.
	 	 Use of Proceeds
	  	 	73	  
	 3.15.
	 	 Environmental Matters
	  	 	73	  
	 3.16.
	 	 Accuracy of Information, etc.
	  	 	74	  
	 3.17.
	 	 Solvency
	  	 	74	  
	 3.18.
	 	 Insurance
	  	 	74	  
	 3.19.
	 	 Subsidiaries
	  	 	74	  
	 3.20.
	 	 OFAC
	  	 	74	  
	 3.21.
	 	 Anti-Corruption Laws
	  	 	75	  
	 3.22.
	 	 EEA Financial Institution
	  	 	75	  
			
	 SECTION 4.
	 	 CONDITIONS PRECEDENT
	  	 	75	  
			
	 4.1.
	 	 Conditions to Initial Extension of Credit
	  	 	75	  
	 4.2.
	 	 Conditions to Each Extension of Credit
	  	 	76	  
			
	 SECTION 5.
	 	 AFFIRMATIVE COVENANTS
	  	 	76	  
			
	 5.1.
	 	 Financial Statements. Furnish to the Administrative Agent and each Lender
	  	 	76	  
	 5.2.
	 	 Certificates; Other Information
	  	 	77	  
	 5.3.
	 	 Payment of Obligations
	  	 	78	  
	 5.4.
	 	 Maintenance of Existence; Compliance
	  	 	78	  
	 5.5.
	 	 Maintenance of Property; Insurance
	  	 	78	  
	 5.6.
	 	 Inspection of Property; Books and Records; Discussions
	  	 	78	  
	 5.7.
	 	 Notices
	  	 	79	  
	 5.8.
	 	 Use of Proceeds
	  	 	79	  
	 5.9.
	 	 Continuation of or Change in Business
	  	 	79	  
	 5.10.
	 	 Further Assurances
	  	 	79	  
	 5.11.
	 	 Sanctions
	  	 	80	  
	 5.12.
	 	 Anti-Corruption Laws
	  	 	80	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 SECTION 6.
	 	 NEGATIVE COVENANTS
	  	 	80	  
			
	 6.1.
	 	 Financial Condition Covenants
	  	 	80	  
	 6.2.
	 	 Indebtedness
	  	 	80	  
	 6.3.
	 	 Liens
	  	 	81	  
	 6.4.
	 	 Fundamental Changes
	  	 	82	  
	 6.5.
	 	 Transactions with Affiliates
	  	 	82	  
	 6.6.
	 	 Use of Proceeds
	  	 	83	  
	 6.7.
	 	 Clauses Restricting Subsidiary Distributions
	  	 	83	  
	 6.8.
	 	 Amendment of Credit Documentation
	  	 	83	  
	 6.9.
	 	 Off-Balance Sheet Financings
	  	 	83	  
	 6.10.
	 	 Disposition of Property
	  	 	83	  
	 6.11.
	 	 Investments
	  	 	84	  
	 6.12.
	 	 Sanctions
	  	 	85	  
	 6.13.
	 	 Anti-Corruption Laws
	  	 	85	  
			
	 SECTION 7.
	 	 EVENTS OF DEFAULT
	  	 	85	  
			
	 SECTION 8.
	 	 ADMINISTRATIVE AGENT
	  	 	88	  
			
	 8.1.
	 	 Appointment and Authority
	  	 	88	  
	 8.2.
	 	 Delegation of Duties
	  	 	88	  
	 8.3.
	 	 Exculpatory Provisions
	  	 	88	  
	 8.4.
	 	 Reliance by Administrative Agent
	  	 	89	  
	 8.5.
	 	 Notice of Default
	  	 	89	  
	 8.6.
	 	 Non-Reliance on Administrative Agent and Other Lenders
	  	 	90	  
	 8.7.
	 	 Indemnification
	  	 	90	  
	 8.8.
	 	 Rights as a Lender
	  	 	90	  
	 8.9.
	 	 Resignation of Administrative Agent
	  	 	90	  
	 8.10.
	 	 No Other Duties
	  	 	92	  
	 8.11.
	 	 Release of Guarantors
	  	 	92	  
	 8.12.
	 	 Administrative Agent May File Proofs of Claim
	  	 	92	  
			
	 SECTION 9.
	 	 MISCELLANEOUS
	  	 	93	  
			
	 9.1.
	 	 Amendments and Waivers
	  	 	93	  
	 9.2.
	 	 Notices
	  	 	94	  
	 9.3.
	 	 No Waiver; Cumulative Remedies; Enforcement
	  	 	97	  
	 9.4.
	 	 Survival of Representations and Warranties
	  	 	97	  
	 9.5.
	 	 Costs and Expenses; Indemnity; Damage Waiver
	  	 	97	  
	 9.6.
	 	 Successors and Assigns; Participations and Assignments
	  	 	99	  
	 9.7.
	 	 Adjustments, Set-off; Pari Passu Treatment
	  	 	104	  
	 9.7A.
	 	 Payments Set Aside.
	  	 	105	  
	 9.8.
	 	 Counterparts
	  	 	105	  
	 9.9.
	 	 Severability
	  	 	105	  
	 9.10.
	 	 Integration
	  	 	106	  
	 9.11.
	 	 GOVERNING LAW
	  	 	106	  
	 9.12.
	 	 SUBMISSION TO JURISDICTION; WAIVERS
	  	 	106	  
	 9.13.
	 	 Acknowledgements; No Advisory or Fiduciary Responsibilities
	  	 	107	  

  
 3 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 9.14.
	 	 Confidentiality
	  	 	108	  
	 9.15.
	 	 WAIVERS OF JURY TRIAL
	  	 	108	  
	 9.16.
	 	 USA PATRIOT ACT Notice
	  	 	109	  
	 9.17.
	 	 Transitional Arrangements
	  	 	109	  
	 9.18.
	 	 Electronic Execution of Assignments and Certain Other Documents
	  	 	109	  
	 9.19.
	 	 Acknowledgement and Consent to Bail-In of EEA Financial Institutions
	  	 	110	  

  
 4 

			
	SCHEDULES:
		
	1	  	Foreign Borrowers and Aggregate Foreign Sublimit
	1.1	  	Commitments
	2.6	  	Designated Letters of Credit
	3.12(d)	  	Pension Plans
	3.15	  	Environmental Disclosures
	3.19	  	Subsidiaries
	6.2(d)	  	Existing Indebtedness
	6.3(f)	  	Existing Liens
	6.5	  	Affiliate Transactions
	6.10	  	Permitted Dispositions
	
	EXHIBITS:
		
	A	  	Form of Borrowing Notice
	B	  	Form of Conversion/Continuation Notice
	C	  	Form of Swingline Loan Notice
	D	  	Form of Euro Swingline Loan Notice
	E	  	Form of Compliance Certificate
	F	  	Form of Guarantee
	G	  	Form of Issuing Lender Agreement
	H	  	Form of Note
	I	  	Form of Notice of Loan Prepayment
	J	  	Form of U.S. Tax Compliance Certificate
	K	  	Form of Foreign Borrower Request and Assumption Agreement
	L	  	Form of Foreign Borrower Notice
	M	  	Form of Secretary’s Certificate
	N	  	Form of Legal Opinion of McGuireWoods LLP
	O	  	Form of Legal Opinion of CMS von Erlach Poncet Ltd.
	P	  	Form of Assignment and Assumption
	Q	  	Form of Administrative Questionnaire

 FOURTH AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of
April 15, 2016, among KENNAMETAL INC., a Pennsylvania corporation (the “Company”), KENNAMETAL EUROPE GmbH, a limited liability company organized under the laws of Switzerland and a wholly-owned Foreign Subsidiary of the
Company, and any other wholly-owned Foreign Subsidiary of the Company which becomes a Foreign Borrower hereunder pursuant to the terms hereof (collectively, the “Foreign Borrowers” and each a “Foreign Borrower”; and
the Foreign Borrowers together with the Company, collectively, the “Borrowers”), the several banks and other financial institutions or entities from time to time parties to this Agreement (the “Lenders”), BANK OF
AMERICA, N.A., LONDON BRANCH, as Euro Swingline Lender, PNC BANK, NATIONAL ASSOCIATION and JPMORGAN CHASE BANK, N.A., as co-syndication agents (in such capacity, the “Co-Syndication Agents”), CITIZENS BANK OF PENNSYLVANIA, THE BANK
OF TOKYO-MITSUBISHI UFJ, LTD. and MIZUHO BANK, LTD., as co-documentation agents (in such capacity, the “Co-Documentation Agents”) and BANK OF AMERICA, N.A., as administrative agent. 

RECITALS 
 WHEREAS,
the Company, Kennametal Europe GmbH, the lenders, issuing lenders and agents party thereto (collectively, the “Existing Lenders”), are parties to that Existing Credit Agreement (as hereinafter defined), pursuant to which the
Existing Lenders have made loans and other extensions of credit to the Borrowers; 
 WHEREAS, certain of the Existing Lenders are
willing to amend and restate the Existing Credit Agreement, and the Lenders and Issuing Lenders are willing to make loans and other extensions of credit to the Borrowers, all on the terms and conditions set forth herein; 

NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged (these recitals being an integral part of this Credit Agreement), the Borrowers, the Administrative Agent, the Issuing Lenders and the Lenders hereby agree that, as of the Closing Date (as defined below), the Existing Credit
Agreement shall be amended and restated in its entirety and shall remain in full force and effect only as set forth herein and the parties hereto hereby agree as follows: 

SECTION 1. DEFINITIONS 
 1.1.
Defined Terms. As used in this Agreement, the terms listed in this Section 1.1 shall have the respective meanings set forth in this Section 1.1. 

“ABR”: for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the
Federal Funds Effective Rate in effect on such day plus 0.50% and (c) the Eurocurrency Rate for an Interest Period of one month beginning on such day plus 1.00%. For purposes hereof, “Prime Rate” shall mean the rate of interest
per annum publicly announced from time to time by Bank of America as its “prime rate” (such rate being based on various factors, including Bank of America’s costs and desired return, general economic conditions and other factors, and
is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate). Any change in the ABR due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of
business on the effective day of such change in the Prime Rate or the Federal Funds Effective Rate, respectively. 
 “ABR Applicable
Margin”: the ABR Applicable Margin will be determined pursuant to the Pricing Grid. 

 “ABR Loans”: Loans the rate of interest applicable to which is based upon the
ABR. 
 “Act”: as defined in Section 9.16. 

“Administrative Agent”: Bank of America, together with its Affiliates, as the administrative agent for the Lenders under this
Agreement and the other Loan Documents, together with any of its successors. 
 “Administrative Questionnaire”: an
Administrative Questionnaire in substantially the form of Exhibit Q or any other form approved by the Administrative Agent. 

“Affected Foreign Currency”: as defined in Section 2.22(c). 

“Affiliate”: as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is under
common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, either to (a) vote 15% or more of the securities having ordinary voting power for the election of
directors (or persons performing similar functions) of such Person or (b) direct or cause the direction of the management and policies of such Person, whether by contract or otherwise. 

“Agents”: the collective reference to the Co-Syndication Agents, the Co-Documentation Agents and the Administrative Agent.

 “Aggregate Foreign Sublimit”: at any time and with respect to the Foreign Borrowers, the aggregate principal amount at
any one time outstanding not to exceed $250,000,000. The Aggregate Foreign Sublimit is part of, and not in addition to, the Total Commitments. 

“Agreement”: as defined in the preamble hereto. 

“Agreement Currency”: as defined in Section 2.29(b). 

“Applicable Creditor”: as defined in Section 2.29(b). 

“Applicable Pension Legislation”: at any time, any pension or retirement benefits legislation (be it national, federal,
provincial, territorial or otherwise) then applicable to any Borrower, including without limitation, the Pension Act and ERISA. 

“Applicant Borrower”: as defined in Section 2.33(a). 

“Application”: an application, in such form as the relevant Issuing Lender may specify from time to time, requesting such
Issuing Lender to open or amend a Letter of Credit. 
 “Approved Fund”: any Fund that is administered or managed by
(a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Assignee”: as defined in Section 9.6(b)(i). 

“Assignee Group”: two or more Assignees (approved, if required, in accordance with Section 9.6(b)(i)) that are
Affiliates of one another or two or more Approved Funds managed by the same investment advisor. 

  
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 “Assignment and Assumption”: an Assignment and Assumption, substantially in the
form of Exhibit P. 
 “Assured Obligation”: as defined in the term “Guarantee Equivalent”. 

“Attributable Debt”: as of any date of determination, the aggregate amount of the outstanding Investment by third parties in
respect of each Qualified Receivables Transaction. 
 “Available Commitment”: as to any Lender at any time, an amount equal
to the excess, if any, of (a) such Lender’s Commitment then in effect over (b) such Lender’s Outstanding Extensions of Credit. 

“Bail-In Action”: the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect
of any liability of an EEA Financial Institution. 
 “Bail-In Legislation”: with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing Law for such EEA Member Country from time to time which is described in the EU Bail- In Legislation Schedule. 

“Bank of America”: Bank of America, N.A., a national banking association. 

“Benefited Lender”: as defined in Section 9.7(a). 

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

“Borrower Materials”: as defined in Section 5.2. 

“Borrowing”: a borrowing consisting of simultaneous Revolving Loans of the same Type, in the same currency, and in the case
of Eurocurrency Loans, having the same Interest Period made by the applicable Lenders pursuant to Section 2.1. 
 “Borrowing
Date”: any Business Day specified in a notice pursuant to Section 2.2 or Section 2.5 as a date on which the applicable Borrower requests the Lenders to make Revolving Loans, Swingline Loans or Euro Swingline Loans, as the case may
be, hereunder. 
 “Borrowing Notice”: a notice of a Borrowing, which shall be substantially in the form of Exhibit A or
such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible
Officer of the applicable Borrower. 
 “Borrowing Percentage”: with respect to Dollar Revolving Loans to be made by any
Lender at any time, the ratio (expressed as a percentage) of the amount of such Lender’s Available Commitment at such time to the aggregate amount of the Available Commitments of all the Lenders at such time; provided, that in
determining any Lender’s Available Commitment for purpose of determining such Lender’s Borrowing Percentage of any such Dollar Revolving Loans whose proceeds will be simultaneously applied to repay Swingline Loans or to pay Reimbursement
Obligations, such Lender’s Revolving Percentage of the amount of such Swingline Loans and Reimbursement Obligations will not be considered Outstanding Extensions of Credit of such Lender (such Borrowing Percentage of each Lender at any time to
be calculated by the Administrative Agent on the basis of its most recent calculations of the Available Commitments of the Lenders). 

  
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 “Business”: as defined in Section 3.15(b). 

“Business Day”: a day other than a Saturday, Sunday or other day on which commercial banks in New York City are authorized or
required by law to close; provided, that, when used in connection with a Eurocurrency Revolving Loan, the term “Business Day” shall also exclude any day that is not a London Banking Day; provided, further that
when used in connection with (i) Eurocurrency Loans denominated in Euros, the term “Business Day” shall also exclude any day on which the Trans- European Automated RealTime Gross Settlement Express Transfer System (TARGET) (or, if
such clearing system ceases to be operative, such other clearing system (if any) determined by the Administrative Agent to be a suitable replacement) is not open for settlement of payment in Euros and (ii) Eurocurrency Loans denominated in a
currency other than Dollars or Euros, the term “Business Day” shall also exclude any day on which dealings in deposits in the relevant currency are not conducted by and between banks in the London or other applicable offshore interbank
market for such currency. 
 “Calculation Date”: (a) with respect to any Loan, each of the following: (i) each
Borrowing Date with respect to, and each date of any continuation of an Interest Period with respect to, a Multicurrency Loan and (ii) such additional dates as the Administrative Agent shall determine or the Required Lenders shall require; and
(b) with respect to any Letter of Credit, each of the following: (i) each date of issuance of a Letter of Credit denominated in a Foreign Currency, (ii) each date of an amendment of any such Letter of Credit having the effect of
increasing the amount thereof (solely with respect to the increased amount), (iii) each date of any payment by the applicable Issuing Lender under any Letter of Credit denominated in a Foreign Currency, (iv) in the case of the Designated
Letters of Credit, the Closing Date, and (v) such additional dates as the Administrative Agent or any Issuing Lender shall determine or the Required Lenders shall require. 

“Canadian Dollars” and “C$”: the lawful currency of Canada. 

“Capital Lease Obligations”: as to any Person, the obligations of such Person to pay rent or other amounts under any lease of
(or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP and, for the
purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. 

“Capital Stock”: any and all shares, interests, participations or other equivalents (however designated) of capital stock of
a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing. 

“Cash Collateral Account”: as defined in Section 2.17(a). 

“Cash Collateralize”: to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the
Administrative Agent, any Issuing Lender, Swingline Lender or Euro Swingline Lender (as applicable) and the Lenders, as collateral for L/C Obligations, Obligations in respect of Swingline Loans, Obligations in respect of Euro Swingline Loans, or
obligations of Lenders to fund participations in respect of any thereof (as the context may require), cash or deposit account balances or, if any Issuing Lender, Swingline Lender or Euro Swingline Lender benefitting from such collateral shall agree
in its sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to (a) the Administrative Agent and (b) the Issuing Lenders, the Swingline Lender or the Euro Swingline Lender (as
applicable). “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

  
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 “Cash Equivalents”: (a) marketable direct obligations issued by, or
unconditionally guaranteed by, the United States Government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition; (b) certificates of
deposit, time deposits, eurocurrency time deposits or overnight bank deposits having maturities of twelve months or less from the date of acquisition issued by any Lender or by any commercial bank organized under the laws of the United States or any
state thereof having combined capital and surplus of not less than $500,000,000; (c) commercial paper of an issuer rated at least A-2 by Standard & Poor’s Ratings Services or P-2 by Moody’s Investors Service, Inc., or
carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within six months from the date of acquisition;
(d) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by
the United States government; (e) securities with maturities of two years or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing
authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by
Standard & Poor’s Ratings Services or A by Moody’s Investors Service, Inc.; (f) securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any
commercial bank satisfying the requirements of clause (b) of this definition; or (g) shares of money market mutual or similar funds which invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this
definition. 
 “Closing Date”: the date on which the conditions precedent set forth in Section 4.1 shall have been
satisfied, which date is April 15, 2016. 
 “Code”: the Internal Revenue Code of 1986, as amended from time to time.

 “Co-Documentation Agents”: as defined in the preamble hereto. 

“Commitment”: as to any Lender, the obligation of such Lender, if any, to make Revolving Loans (which, in the case of
Multicurrency Lenders, includes Multicurrency Loans) and participate in Swingline Loans (and, in the case of Multicurrency Lenders, participate in Euro Swingline Loans) and Letters of Credit in an aggregate principal and/or face amount not to exceed
the amount set forth under the heading “Commitment” opposite such Lender’s name on Schedule 1.1 or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time
pursuant to the terms hereof. The original amount of the Total Commitments is $600,000,000. 
 “Commitment Period”: the
period from and including the Closing Date to the Termination Date. 
 “Commodity Exchange Act”: the Commodity Exchange Act
(7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute. 
 “Company Guarantee”: the
guarantee by the Company of the Foreign Obligations of each Foreign Borrower pursuant to Section 2.34. 

  
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 “Compliance Certificate”: a certificate duly executed by a Responsible Officer
substantially in the form of Exhibit E. 
 “Conduit Lender”: any special purpose corporation organized and administered by
any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating
Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver
all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to
Section 2.24, 2.25, 2.26 or 9.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment. 

“Connection Income Taxes”: Other Connection Taxes that are imposed on or measured by net income (however denominated) or that
are franchise Taxes or branch profits Taxes. 
 “Consolidated Adjusted Interest Expense”: for any period, the interest
expense of the Company and its consolidated Subsidiaries for such period (exclusive of nonrecurring fees which the Company or its consolidated Subsidiaries expense as interest expense), all as determined on a consolidated basis in accordance with
GAAP. 
 “Consolidated EBITDA”: for any period and without duplication (a) the sum for such period of
(i) Consolidated Net Income, (ii) interest expense of the Company and its consolidated Subsidiaries (inclusive of nonrecurring fees which the Company or its consolidated Subsidiaries expense as interest expense), (iii) charges against
income of the Company and its consolidated Subsidiaries for foreign, federal, state and local income taxes, and (iv) depreciation and amortization expense of the Company and its consolidated Subsidiaries, minus (b) extraordinary
gains to the extent included in determining such Consolidated Net Income, all as determined on a consolidated basis in accordance with GAAP, plus (c) any other non-cash charges, non-cash expenses or non-cash losses of the Company or any
of its consolidated Subsidiaries; provided, however, that cash payments made in such period or in any future period in respect of such non-cash charges, expenses or losses shall be subtracted from Consolidated Net Income in calculating
Consolidated EBITDA in the period when such payments are made except to the extent described in clause (d) hereof, plus (d) any cash restructuring charges of the Company and its consolidated Subsidiaries (including cash payments in
respect of non-cash restructuring charges taken in a prior period) incurred during any fiscal quarter, commencing with the fiscal quarter ended March 31, 2016, through the fiscal quarter ending December 31, 2017 (or any earlier fiscal
quarter in which the maximum aggregate cumulative amount of such charges referred to in the following clause is first incurred), to the extent that such cash restructuring charges for any such quarter when added with all cash restructuring charges
for all prior such quarters (including any such quarter which may precede any applicable four-quarter period) do not exceed an aggregate cumulative amount of $120,000,000. 

“Consolidated Interest Coverage Ratio”: as of the last day of any fiscal quarter, (a) Consolidated EBITDA, divided by
(b) Consolidated Adjusted Interest Expense, in each case for the four fiscal quarters ending on such day, considered as a single accounting period and expressed as a ratio. If any acquisition of a business occurs during such period, each
element of the Consolidated Interest Coverage Ratio shall be calculated on a pro forma basis as if the acquisition had been made, and any Indebtedness or other obligations issued or incurred in connection therewith had been issued or
incurred, as of the first day of such period. In making such pro forma calculation of the Consolidated Adjusted Interest Expense with respect to Indebtedness or other obligations issued or incurred in connection with the acquisition, interest
expense thereon shall be calculated on the basis of an interest rate per annum not 

  
 6 

 
less than the one-month Eurocurrency Rate as of the last day of such period plus a Eurocurrency Applicable Margin determined on the basis of the Company’s Debt Rating as of the last day of
such period. If the Company issues capital stock for cash during such period and promptly applies the net proceeds thereof to permanent reduction of Indebtedness of the Company or its consolidated Subsidiaries, Consolidated Adjusted Interest Expense
for such period shall be calculated on a pro forma basis as if such permanent reduction of Indebtedness had been made as of the first day of such period. 

“Consolidated Leverage Ratio”: as of the last day of any fiscal quarter, (a) the result of (x) aggregate Indebtedness of
the Company and its consolidated Subsidiaries as of such day, minus (y) any Unrestricted Domestic Cash in excess of $25,000,000 as of such day, divided by (b) Consolidated EBITDA for the four fiscal quarters ending on such day, considered
as a single accounting period and expressed as a ratio. If any acquisition of a business occurs during such period, Consolidated EBITDA shall be calculated on a pro forma basis as if such acquisition had been made as of the first day of such
period. 
 “Consolidated Net Income”: for any period, the net earnings (or loss) after taxes of the Company and its
consolidated Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Tangible
Assets”: at any date, the total amount of assets of the Company and its consolidated Subsidiaries at such date, as determined on a consolidated basis in accordance with GAAP (less applicable reserves and other properly deductible items)
after deducting therefrom all goodwill, trade names, trademarks, patents, unamortized debt premium or discount and expense and other like intangible assets, determined in accordance with GAAP. 

“Continuing Directors”: the directors of the Company on the Closing Date, after giving effect to the transactions
contemplated hereby, and each other director, if, in each case, such other director’s nomination for election to the board of directors of the Company is recommended by at least 50% of the then Continuing Directors. 

“Contractual Obligation”: as to any Person, any provision of any security issued by such Person or of any agreement,
instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 
 “Co-Syndication
Agents”: as defined in the preamble hereto. 
 “Conversion/Continuation Notice”: a notice of (a) a conversion
of Loans from one Type to the other, or (b) a continuation of Eurocurrency Loans, pursuant to Section 2.18, which shall be substantially in the form of Exhibit B or such other form as may be approved by the Administrative Agent (including
any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the applicable Borrower. 

“Debt Rating”: as defined in the term “Pricing Grid”. 

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

  
 7 

 “Deemed Obligor”: as defined in the term “Guarantee Equivalent”. 

“Default”: any of the events specified in Section 7, whether or not any requirement for the giving of notice, the lapse
of time, or both, has been satisfied. 
 “Defaulting Lender”: subject to Section 2.37(b), any Lender that
(a) has failed to (i) fund all or any portion of its Loans within three Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Company 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, any Issuing Lender, the Swingline Lender, the Euro Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in
Letters of Credit, Swingline Loans or Euro Swingline Loans) within three Business Days of the date when due, (b) has notified the Company, the Administrative Agent, any Issuing Lender, the Swingline Lender or the Euro Swingline Lender in
writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states
that such position is based on such Lender’s 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 Business Days after written request by the Administrative Agent or the Company, to confirm in writing to the Administrative Agent and the Company 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 Company), or (d) has, or has a direct
or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had 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 any one or more of clauses
(a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.37(b)) as of the date
established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Company, the Issuing Lenders, the Swingline Lender, the Euro Swingline Lender and each other
Lender promptly following such determination. 
 “Designated Jurisdiction”: any country, region or territory to the extent
that such country, region or territory is itself subject to or the target of any Sanction (at the time of this Agreement and as updated from time to time, the Crimea Region of Ukraine, Cuba, Iran, North Korea, Sudan and Syria). 

“Designated Letter of Credit”: each letter of credit issued by an Issuing Lender under the Existing Credit Agreement or
otherwise that is designated on the Closing Date by the Company, with the consent of such Issuing Lender, as a “Letter of Credit” hereunder in such Issuing Lender’s Issuing Lender Agreement and in Schedule 2.6. 

  
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 “Disqualified Capital Stock”: any shares of capital stock or other equity
interest that, other than solely at the option of the issuer thereof, by their terms (or by the terms of any security into which they are convertible or exchangeable) are, or upon the happening of an event or the passage of time would be, required
to be redeemed or repurchased, in whole or in part, or have, or upon the happening of an event or the passage of time would have, a redemption or similar payment due on or prior to the Termination Date. 

“Disposition”: with respect to any property, any sale, lease, sale and leaseback, assignment, conveyance, transfer or other
disposition thereof. The terms “Dispose” and “Disposed of” shall have correlative meanings. 

“Dollar Equivalent”: at any time as to any amount denominated in a Foreign Currency, the equivalent amount in Dollars as
determined by the Administrative Agent at such time on the basis of the Exchange Rate for the purchase of Dollars with such Foreign Currency on the most recent Calculation Date for such Foreign Currency. 

“Dollars” and “$”: dollars in lawful currency of the United States. 

“Dollar Revolving Loans”: as defined in Section 2.1(a). 

“Domestic Subsidiary”: any Subsidiary of the Company organized under the laws of any jurisdiction within the United States.

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

“EEA Resolution Authority”: 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. 

“Environmental Laws”: any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations, statutes,
ordinances, codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability or standards of conduct concerning protection of human health or the
environment, as now or may at any time hereafter be in effect. 
 “ERISA”: the Employee Retirement Income Security Act of
1974, as amended from time to time. 
 “ERISA Affiliate”: any trade or business (whether or not incorporated) under common
control with any Borrower within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

  
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 “ERISA Event”: (a) a Reportable Event with respect to a Pension Plan;
(b) the withdrawal of any Borrower or any ERISA Affiliate from a Pension 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; (c) a complete or partial withdrawal by any Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan
is in reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Pension Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a
Pension Plan; (f) any event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that any Pension Plan is
considered an at-risk plan or a plan in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; or (h) the imposition of any liability under Title IV of ERISA, other than
for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate. 
 “EU Bail-In
Legislation Schedule”: the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

“Eurocurrency Applicable Margin”: the Eurocurrency Applicable Margin will be determined pursuant to the Pricing Grid. 

“Eurocurrency Base Rate”: (a) with respect to any Eurocurrency Loan: 

(i) denominated in a LIBOR Quoted Currency, the rate per annum equal to the London Interbank Offered Rate (“LIBOR”) or a
comparable or successor rate which rate is approved by the Administrative Agent, as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative
Agent from time to time) at approximately 11:00 A.M., London time, two Business Days prior to the commencement of such Interest Period (or, in the case of Eurocurrency Loans denominated in Sterling, 11:00 a.m., London time, on the first Business Day
of such Interest Period), for deposits in the relevant currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; or 

(ii) denominated in Canadian Dollars, the rate per annum equal to the Canadian Dealer Offered Rate (“CDOR”), or a comparable
or successor rate which rate is approved by the Administrative Agent, as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from
time to time) at or about 10:00 A.M. (Toronto, Ontario time) on the Rate Determination Date with a term equivalent to such Interest Period; and 

(b) for any rate calculation with respect to an ABR Loan on any date, the rate per annum equal to LIBOR, at or about 11:00 a.m., London time
determined two Business Days prior to such date for U.S. Dollar deposits with a term of one month commencing that day; 
 provided that to the extent a
comparable or successor rate is approved by the Administrative Agent in connection with any rate set forth in this definition, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such
market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent; and if the Eurocurrency Base Rate shall be less than zero,
such rate shall be deemed zero for purposes of this Agreement. 

  
 10 

 “Eurocurrency Loans”: Loans the rate of interest applicable to which is based on
the “Eurocurrency Rate”, with the Eurocurrency Base Rate component of the Eurocurrency Rate determined by reference to clause (a) of the definition of “Eurocurrency Base Rate”. 

“Eurocurrency Rate”: with respect to each day during each Interest Period pertaining to a Eurocurrency Loan, a rate per annum
determined for such day in accordance with the following formula: 
  

							
	Eurocurrency Rate	  	=	  	 Eurocurrency Base Rate
	  	
	  	  	  
 1.00 - Eurocurrency Reserve

Requirements
	  	

 “Eurocurrency Reserve Requirements”: for any day during any Interest Period, the reserve
percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the Board for determining the maximum reserve requirement
(including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurocurrency Rate for each outstanding Eurocurrency Loan
shall be adjusted automatically as of the effective date of any change in the Eurocurrency Reserve Requirements. 
 “Eurocurrency
Revolving Loan”: any Revolving Loan which is a Eurocurrency Loan. 
 “Eurocurrency Tranche”: the collective
reference to Eurocurrency Loans denominated in the same currency made by the Lenders to a Borrower, the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such
Eurocurrency Loans shall originally have been made on the same day). 
 “Euros” and “€”: the single
currency of the Participating Member States. 
 “Euro Swingline Commitment”: the obligation of the Euro Swingline Lender to
make Euro Swingline Loans pursuant to Section 2.4 in an aggregate principal amount at any one time outstanding not to exceed the Foreign Currency Equivalent for Euros of $25,000,000. The Euro Swingline Commitment is part of, and not in addition
to, the Total Commitments. 
 “Euro Swingline Lender”: Bank of America, N.A., London Branch (or any of its Affiliates), in
its capacity as the lender of Euro Swingline Loans 
 “Euro Swingline Loan Notice”: a notice of a borrowing of Euro
Swingline Loans pursuant to Section 2.4, which shall be substantially in the form of Exhibit D or such other form as approved by the Administrative Agent and the Euro Swingline Lender (including any form on an electronic platform or electronic
transmission system as shall be approved by the Administrative Agent and the Euro Swingline Lender), appropriately completed and signed by a Responsible Officer of the applicable Foreign Borrower. 

“Euro Swingline Loans”: as defined in Section 2.4(c). 

“Event of Default”: any of the events specified in Section 7, provided that any requirement for the giving of notice,
the lapse of time, or both, has been satisfied. 

  
 11 

 “Exchange Rate”: for a currency means the rate determined by the Administrative
Agent or the applicable Issuing Lender, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading
office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or the applicable Issuing Lender may obtain such spot rate from
another financial institution designated by the Administrative Agent or the applicable Issuing Lender if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency; and provided
further that applicable Issuing Lender may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in a Foreign Currency. 

“Excluded Swap Obligation”: with respect to any Subsidiary Guarantor, any Swap Obligation if, and to the extent that, all or
a portion of the guarantee of such Subsidiary Guarantor of such Swap Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the
application or official interpretation of any thereof) by virtue of such Subsidiary Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time the guarantee
of such Subsidiary Guarantor becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is
attributable to swaps for which such guarantee is or becomes excluded in accordance with the first sentence of this definition. 

“Excluded Taxes”: any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or
deducted from a payment to a Recipient, (a) Taxes imposed on or measured by its overall net income (however denominated), and franchise Taxes imposed on it (in lieu of net income Taxes), by the jurisdiction (or any political subdivision
thereof) under the Laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable Lending Office is located, or Taxes that are Other Connection Taxes, (b) any branch
profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which any Borrower is located, (c) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of
such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by any
Borrower under Section 2.28) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to Section 2.25(a)(ii) or Section 2.25(c), amounts with respect to such Taxes were payable either to
such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (d) Taxes attributable to such Recipient’s failure to comply with Section 2.25(e) or
Section 9.6 and (e) any U.S. federal withholding Taxes imposed pursuant to FATCA. 
 “Existing Credit Agreement”:
the Third Amended and Restated Credit Agreement, dated as of June 25, 2010, as amended, among the Company, as the borrower, Kennametal Europe GmbH, as a foreign borrower, the lenders from time to time parties thereto, PNC Bank, National
Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania and Bank of Tokyo-Mitsubishi UFJ Trust Company, as the co-documentation agents, and Bank of America, N.A., as administrative agent. 

“Existing Lenders”: as defined in the Recitals. 

“Facility Fee Rate”: the Facility Fee Rate as determined pursuant to the Pricing Grid. 

  
 12 

 “FASB ASC Topic 350”: FASB ACT Topic 350 (Intangibles - Goodwill and Other).

 “FATCA”: Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code. 

“Federal Funds Effective Rate”: for any day, the rate per annum equal to the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal
Funds Effective Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the
Federal Funds Effective Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent. 

“Fee Letter(s)”: any or each of the following: (a) the letter agreement, dated March 28, 2016, among the Company,
the Administrative Agent and MLPFS; (b) the letter agreement, dated March 24, 2016, among the Company, PNC Bank, National Association and PNC Capital Markets LLC; (c) the letter agreement, dated March 24, 2016, among the Company
and JPMorgan Chase Bank, N.A., and (d) any other fee letter entered into between the Company and any additional Issuing Lender.1 

“Foreign Borrower”: as defined in the preamble hereto. 

“Foreign Borrower Notice”: as defined in Section 2.33(a). 

“Foreign Borrower Exposure”: as to any Foreign Borrower at any time, an amount equal to the sum of (a) the aggregate
principal amount of all Revolving Loans (including the Dollar Equivalent thereof in the case of Multicurrency Loans) made to such Foreign Borrower then outstanding, (b) all L/C Obligations then outstanding in respect of Letters of Credit issued
for the account of such Foreign Borrower and (c) the Dollar Equivalent of the aggregate principal amount of all Euro Swingline Loans made to such Foreign Borrower then outstanding. 

“Foreign Borrower Request and Assumption Agreement”: as defined in Section 2.33(a). 

“Foreign Currency”: Euros, Canadian Dollars, Sterling and Yen. 

“Foreign Currency Equivalent”: at any time as to any amount denominated in Dollars, the equivalent amount in the relevant
Foreign Currency as determined by the Administrative Agent at such time on the basis of the Exchange Rate for the purchase of such Foreign Currency with Dollars on the date of determination thereof. 

“Foreign Lender”: (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower
is not a U.S. Person, a Lender that is resident or organized under the Laws of a jurisdiction other than that in which such Borrower is resident for tax purposes (including such a Lender when acting in its capacity as an Issuing Lender). For
purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

 

	1	Note to Draft: Company to confirm execution dates of other fee letters. 

  
 13 

 “Foreign Obligations”: all Obligations of the Foreign Borrowers (or any of
them). 
 “Foreign Subsidiary”: any Subsidiary of the Company that is not a Domestic Subsidiary. 

“Fronting Exposure”: at any time there is a Defaulting Lender, (a) with respect to the Issuing Lenders, such Defaulting
Lender’s Borrowing Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the
terms hereof, and (b) with respect to the Euro Swingline Lender or the Swingline Lender, as applicable, such Defaulting Lender’s Borrowing Percentage of Euro Swingline Loans or Swingline Loans, as applicable, other than Euro Swingline
Loans or Swingline Loans, as applicable, as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof. 

“Fund”: any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise
investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 
 “Funding
Currency”: as defined in Section 9.7(c). 
 “Funding Office”: the office or offices of the Administrative
Agent specified in Section 9.2 or such other office as may be specified from time to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders. 

“GAAP”: generally accepted accounting principles in the United States as in effect from time to time, except that for
purposes of Section 6.1 and the Pricing Grid, GAAP shall be determined on the basis of such principles in effect on the date hereof and consistent with those used in the preparation of the most recent audited financial statements referred to in
Section 3.1, except for the adoption of FASB ASC Topic 350. 
 “Governmental Authority”: the government of the United
States or any nation or government, any state or other political subdivision thereof, 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), any securities exchange and any self-regulatory organization (including the National
Association of Insurance Commissioners). 
 “Granting Lender”: as defined in Section 9.6(f). 

“Group Members”: the collective reference to the Company and its Subsidiaries (including each of the Foreign Borrowers). 

“Guarantee”: the Fourth Amended and Restated Guarantee, dated as of April 15, 2016, by each Subsidiary Guarantor in
favor of the Administrative Agent for the benefit of the Lenders, substantially in the form of Exhibit F, as the same may be supplemented from time to time in accordance with Section 5.10 hereof. 

“Guarantee Equivalent”: a Person (the “Deemed Guarantor”) shall be deemed to be subject to a Guarantee
Equivalent in respect of any obligation (the “Assured Obligation”) of another Person (the “Deemed Obligor”) if the Deemed Guarantor directly or indirectly guarantees, becomes surety for, endorses, assumes, agrees to
indemnify the Deemed Obligor against, or otherwise agrees, 

  
 14 

 
becomes or remains liable (contingently or otherwise) for, such Assured Obligation, in whole or in part. Without limitation, a Guarantee Equivalent shall be deemed to exist if a Deemed Guarantor
enters into, agrees, becomes or remains liable (contingently or otherwise), directly or indirectly, to do any of the following: (a) purchase or assume, or to supply funds for the payment, purchase or satisfaction of, an Assured Obligation,
(b) make any loan, advance, capital contribution or other investment in, or to purchase or lease any property or services from, a Deemed Obligor (i) to maintain the solvency of the Deemed Obligor, (ii) to enable the Deemed Obligor to
meet any other financial condition, (iii) to enable the Deemed Obligor to satisfy any Assured Obligation or to make any Stock Payment or any other payment, or (iv) to assure the holder of such Assured Obligation against loss,
(c) purchase or lease property or services from the Deemed Obligor regardless of the non-delivery of or failure to furnish such property or services, (d) a transaction having the characteristics of a take-or-pay or throughput contract,
(e) be or become liable, contingently or otherwise, to reimburse a third party in respect of a letter of credit, surety bond or other form of credit support issued for the account of the Deemed Obligor, which letter of credit, surety
bond or other credit support is used or available for use to supply funds for the satisfaction of an Assured Obligation, or (f) any other transaction the effect of which is to assure the payment or performance (or payment of damages or other
remedy in the event of nonpayment or nonperformance) in whole or in part of any Assured Obligation; provided, however, that the term Guarantee Equivalent shall not include endorsements of instruments for deposit or collection in the
ordinary course of business. The amount of any Guarantee Equivalent of any guaranteeing person shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such
Guarantee Equivalent is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such Guarantee Equivalent, unless such primary obligation and the maximum amount for
which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Equivalent shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by
the Company in good faith. 
 “Hedge Agreements”: all interest rate swaps, caps or collar agreements or similar
arrangements dealing with interest rates or currency exchange rates or the exchange of nominal interest obligations, either generally or under specific contingencies. 

“Honor Date”: as defined in Section 2.8(a). 

“Immaterial Subsidiary”: any Subsidiary that has assets with a total book value and fair market value of less than
$10,000,000. 
 “Indebtedness”: of a Person (without duplication): (a) all obligations on account of money borrowed
by, or for or on account of deposits with or advances to, such Person, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person for the deferred purchase price of
property or services (except trade accounts payable arising in the ordinary course of business), (d) all obligations secured by a Lien on property owned by such Person (whether or not assumed, and without regard to any limitation of the rights
and remedies of the holder of such Lien to repossession or sale of such property), (e) all obligations of such Person under leases which are, or which should in accordance with GAAP be accounted for as, Capital Lease Obligations (without regard
to any limitation of the rights and remedies of the lessor under such capitalized lease to repossession or sale of such property), (f) the unreimbursed amount of all drawings under any letter of credit issued for the account of such Person,
(g) all obligations of such Person in respect of acceptances or similar obligations issued for the account of such Person, (h) the maximum repurchase price of any Disqualified Capital Stock of such Person, (i) all Indebtedness of
others as to which such Person is the Deemed Guarantor under a Guarantee Equivalent, and (j) all Attributable Debt and other obligations in respect of Qualified Receivables Transactions but only to the extent that such Attributable Debt and
other obligations appear on the balance sheet of such Person as a liability. 

  
 15 

 “Indemnitee”: as defined in Section 9.5(b). 

“Indemnified Liabilities”: as defined in Section 9.5(b). 

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

“Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of
Section 4245 of ERISA. 
 “Insolvent”: pertaining to a condition of Insolvency. 

“Intellectual Property”: the collective reference to all rights, priorities and privileges relating to intellectual property,
whether arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses, trademarks, trademark licenses, domain names, technology, know-how and processes, and all rights to
sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Interest Payment Date”: (a) as to any ABR Loan, the last day of each March, June, September and December to occur while
such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurocurrency Loan having an Interest Period of three months or less, the last day of such Interest Period, (c) as to any Eurocurrency Loan having an Interest
Period longer than three months, each day that is three months, or a whole multiple thereof, after the first day of such Interest Period and the last day of such Interest Period, (d) with respect to any Swingline Loan, the date established as
such by the Company and the Swingline Lender prior to the making thereof (but in any event no later than the Termination Date), (e) with respect to any Euro Swingline Loan, the date established as such by the applicable Foreign Borrower and the
Euro Swingline Lender prior to the making thereof (but in any event no later than the Termination Date) and (f) as to any Loan (other than any Revolving Loan that is an ABR Loan and any Swingline Loan), the date of any repayment or prepayment
made in respect thereof. 
 “Interest Period”: as to any Eurocurrency Loan, (a) initially, the period commencing on
the borrowing or conversion date, as the case may be, with respect to such Eurocurrency Loan and ending one, two or three weeks or one, two, three or six months thereafter (in each case, subject to availability), as selected by the applicable
Borrower in its Borrowing Notice or Conversion/Continuation Notice, as the case may be, given with respect thereto; and (b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such Eurocurrency
Loan and ending one, two or three weeks or one, two, three or six months thereafter (in each case, subject to availability), as selected by the applicable Borrower by in its Conversion/Continuation Notice delivered to the Administrative Agent not
later than 11:00 A.M., New York City time, in the case of Eurocurrency Loans denominated in Dollars, and 3:00 P.M., London time, in the case of Multicurrency Loans, three Business Days (or four Business Days in the case of Multicurrency Loans
denominated in Yen) prior to the last day of the then current Interest Period with respect thereto; provided that, all of the foregoing provisions relating to Interest Periods are subject to the following: 

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

  
 16 

 (ii) no Interest Period may extend beyond the Termination Date; and 

(iii) with respect to Eurocurrency Rate Loans having an Interest Period of one month or more, any Interest Period that begins
on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month. 

“Investments”: as defined in Section 6.11. 

“IRS”: the United States Internal Revenue Service. 

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

“Issuer Documents”: with respect to any Letter of Credit, the Application, and any other document, agreement and instrument
entered into by any Issuing Lender and any Borrower or in favor of such Issuing Lender that relate to such Letter of Credit. 

“Issuing Lender”: individually and collectively, each of Bank of America and PNC Bank, National Association in their
respective capacities as issuers of Letters of Credit hereunder and any other Lender designated as an Issuing Lender in an Issuing Lender Agreement executed by such Lender, the applicable Borrowers and the Administrative Agent; provided, that any
Issuing Lender may, in its discretion, arrange for one or more Letters of Credit to be issued by any of its Lender Affiliates (in which case the term “Issuing Lender” shall include such Lender Affiliate with respect to Letters of Credit
issued by such Lender Affiliate). At any time there is more than one Issuing Lender, any singular references to the Issuing Lender shall mean any Issuing Lender, each Issuing Lender, the Issuing Lender that has issued the applicable Letter of
Credit, or all Issuing Lenders, as the context may require. 
 “Issuing Lender Agreement”: an agreement, substantially in
the form of Exhibit G, executed by a Lender, the applicable Borrowers, and the Administrative Agent pursuant to which such Lender agrees to become an Issuing Lender hereunder. 

“Issuing Lender Sublimit”: (a) as of the Closing Date, (i) $25,000,000, in the case of Bank of America and (ii)
$25,000,000, in the case of PNC Bank, National Association and (b) in the case of any other Lender designated as an Issuing Lender after the Closing Date in an Issuing Lender Agreement, such amount as shall be designated to the Administrative
Agent and the Company in writing by such Issuing Lender in such Issuing Lender Agreement; provided that any Issuing Lender shall be permitted at any time to increase its Issuing Lender Sublimit upon providing five (5) days’ prior written
notice thereof to the Administrative Agent and the Company to an amount not exceeding the L/C Commitment. 
 “Joint Book
Runners”: MLPFS, PNC Capital Markets LLC and JPMorgan Chase Bank, N.A., in their capacities as joint book runners. 

“Joint Lead Arrangers”: MLPFS, PNC Capital Markets LLC and JPMorgan Chase Bank, N.A., in their capacities as joint lead
arrangers. 

  
 17 

 “Judgment Currency”: as defined in Section 2.29(b). 

“Laws”: collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

“L/C Advance”: with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in
accordance with its Revolving Percentage. 
 “L/C Borrowing”: an extension of credit resulting from a drawing under any
Letter of Credit which has not been reimbursed on the date when made or refinanced as an extension of credit under Section 2.1. 

“L/C Commitment”: $50,000,000. The L/C Commitment is part of, and not in addition to, the Total Commitments. 

“L/C Fee Payment Date”: (a) the third Business Day following the last day of each March, June, September and December
and (b) the last day of the Commitment Period. 
 “L/C Obligations”: at any time, an amount equal to the sum of
(a) the aggregate then undrawn and unexpired amount of the then outstanding Letters of Credit (including the Dollar Equivalent of Letters of Credit issued in Foreign Currencies) and (b) the aggregate amount of drawings under Letters of
Credit (including the Dollar Equivalent of drawings in Foreign Currencies which have not been converted to Dollars) that have not then been reimbursed pursuant to Section 2.9. 

“L/C Participants”: the collective reference to all the Lenders other than the relevant Issuing Lender. 

“Lender Affiliate”: (a) any Affiliate of any Lender, (b) any Person that is administered or managed by any Lender
or any Affiliate of any Lender and that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business and (c) with respect to any Lender which is a
fund that invests in commercial loans and similar extensions of credit, any other fund that invests in commercial loans and similar extensions of credit and is managed or advised by the same investment advisor as such Lender or by an Affiliate of
such Lender or investment advisor. 
 “Lenders”: as defined in the preamble hereto, and, unless the context otherwise
requires, each reference herein to the Lenders shall be deemed to include the Euro Swingline Lender, the Swingline Lender and any Conduit Lender. 

“Lending Office”: as to any Lender, the office or offices of such Lender described as such in such Lender’s
Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrowers and the Administrative Agent, which office may include any Lender Affiliate or any domestic or foreign branch of such Lender or such
Lender Affiliate. Unless the context otherwise requires each reference to a Lender shall include its applicable Lending Office. 

“Letters of Credit”: as defined in Section 2.6(a). 

  
 18 

 “Letter of Credit Fees”: as defined in Section 2.14(b). 

“LIBOR”: as defined in the definition of “Eurocurrency Base Rate”. 

“LIBOR Quoted Currency”: each of the following currencies: Dollars, Euro, Sterling and Yen, in each case as long as there is
a published LIBOR rate with respect thereto. 
 “Lien”: any mortgage, pledge, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other
title retention agreement and any capital lease having substantially the same economic effect as any of the foregoing). For the avoidance of doubt, “Liens” shall not include provisions in agreements governing Indebtedness permitted under
Section 6.2(h) of Foreign Subsidiaries (or of Domestic Subsidiaries relating to borrowings by foreign divisions thereof), and in guaranties of such Indebtedness by the Company or its Subsidiaries permitted under this Agreement, whereby the
Company or a Subsidiary (i) has agreed, upon demand by the lender of such Indebtedness, either to grant Liens on its property to secure such Indebtedness or guaranty or to pay or cause to be paid such Indebtedness, or (ii) has granted Liens on
property in the possession of the lender of such Indebtedness from time to time to secure such Indebtedness or guaranty; provided, that the Company or any Subsidiary (x) may not actually grant any Lien pursuant to the foregoing clause
(i) or (y) may not actually permit any Lien to attach to any property described in the foregoing clause (ii), except, under the foregoing clause (ii), freely transferable deposits maintained with such lender and other cash equivalent items
deposited with such lender in the ordinary course of the Company’s or such Subsidiary’s cash management operations and not for the purpose of securing obligations owed to such lender. 

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

“Loan Documents”: this Agreement, the Guarantee, the Notes, the Letters of Credit, any Application, any Issuing Lender
Agreement, each Issuer Document, any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.36 of this Agreement, any Foreign Borrower Request and Assumption Agreement, any Foreign Borrower Notice and
any Fee Letter. 
 “Loan Parties”: each Group Member that is a party to a Loan Document. 

“London Banking Day”: any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank
eurodollar market. 
 “Margin Stock”: shall have the meaning of “margin stock” as defined in Regulation U. 

“Material Adverse Effect”: a material adverse effect on (a) the business, property, operations or condition (financial
or otherwise) of the Company and its Subsidiaries taken as a whole or (b) the validity or enforceability of this Agreement or any of the other Loan Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder or
thereunder. 
 “Materials of Environmental Concern”: any gasoline or petroleum (including crude oil or any fraction
thereof) or petroleum products or any hazardous or toxic substances, materials or wastes, defined or regulated as such in or under any Environmental Law, including asbestos, polychlorinated biphenyls and urea-formaldehyde insulation. 

“MLPFS”: Merrill Lynch, Pierce, Fenner & Smith, Incorporated, or its successor. The parties to this Agreement hereby
agree that MLPFS may, without notice to the Borrowers, assign its 

  
 19 

 
rights and obligations under this Agreement to any other registered broker-dealer that is wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America
Corporation’s or its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred after the Closing Date. 

“Moody’s”: Moody’s Investors Service, Inc. and any successor thereto. 

“Multicurrency Percentage”: as to any Multicurrency Lender at any time, the percentage which such Lender’s Multicurrency
Subcommitment then constitutes of the aggregate amount of Multicurrency Subcommitments. 
 “Multicurrency Lender”: each
Lender with a Multicurrency Subcommitment. 
 “Multicurrency Loans”: as defined in Section 2.1(c). 

“Multicurrency Revolving Percentage”: as to any Multicurrency Lender at any time, the percentage which such Multicurrency
Lender’s Multicurrency Subcommitment then constitutes of the Multicurrency Sublimit or, at any time after the Commitments shall have expired or terminated, the percentage which the aggregate amount of such Multicurrency Lender’s
Multicurrency Loans then outstanding constitutes of the aggregate Multicurrency Loans then outstanding. 
 “Multicurrency
Subcommitment”: as to any Lender, the obligation of such Lender, if any, to make Multicurrency Loans in an aggregate principal amount not to exceed the amount set forth under the heading “Multicurrency Subcommitment” opposite such
Lender’s name on Schedule 1.1 or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The original aggregate amount of the Multicurrency
Subcommitments is $300,000,000. 
 “Multicurrency Sublimit”: $300,000,000. 

“Multiemployer Plan”: any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the
Borrowers or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Multiple Employer Plan”: a Plan which has two or more contributing sponsors (including any Borrower or any ERISA Affiliate)
at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 
 “Non-Guarantor
Subsidiary”: any Subsidiary that is not a Subsidiary Guarantor. 
 “Notes”: the collective reference to any
promissory note evidencing Loans. Each Note shall be substantially in the form of Exhibit H hereto. 
 “Notice of Loan
Prepayment”: a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit I or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic
transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the applicable Borrower. 

“Obligations”: with respect to the Borrowers (or any of them), the unpaid principal of and interest on (including interest
accruing after the maturity of the Loans and Reimbursement Obligations 

  
 20 

 
and interest accruing after the filing of any petition under any Debtor Relief Laws, relating to any of the Borrowers, whether or not a claim for post-filing or post-petition interest is allowed
in such proceeding) the Loans, Letters of Credit and all other obligations and liabilities of any of the Borrowers to the Administrative Agent, any Lender (or, in the case of Specified Hedge Agreements, any affiliate of any Lender) or any Issuing
Lender, including, without limitation, the Foreign Obligations and the Company Guarantee, in any case whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or
in connection with, this Agreement, any other Loan Document, the Letters of Credit, any Specified Hedge Agreement or any other document made, delivered or given in connection herewith or therewith, whether on account of principal, interest,
reimbursement obligations, fees, indemnities, costs, expenses (including all reasonable fees, charges and disbursements of counsel to the Administrative Agent or to any Lender or Issuing Lender that are required to be paid by the Borrowers (or any
of them) pursuant hereto) or otherwise; provided that the Obligations shall exclude any Excluded Swap Obligations. 
 “Obligor Asset
Threshold”: as defined in Section 6.11(d). 
 “OFAC”: the Office of Foreign Assets Control of the United
States Department of the Treasury. 
 “Other Connection Taxes”: with respect to any Recipient, Taxes imposed as a result of
a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under,
received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes”: any and all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, this Agreement or any other Loan Document,
except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.28). 

“Outstanding Extensions of Credit”: as to any Lender at any time, an amount equal to the sum of (a) the aggregate
principal amount of all Revolving Loans (or the Dollar Equivalent thereof in the case of Multicurrency Loans) held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding,
(c) such Lender’s Revolving Percentage of the aggregate principal amount of the Swingline Loans then outstanding and (d) such Lender’s Multicurrency Revolving Percentage (if any) of the aggregate principal amount of the Euro
Swingline Loans then outstanding. 
 “Overnight Rate”: for any day, (a) with respect to any amount denominated in
Dollars, the greater of (i) the Federal Funds Effective Rate and (ii) an overnight rate determined by the Administrative Agent, the applicable Issuing Lender, the Swingline Lender or the Euro Swingline Lender, as the case may be, in
accordance with banking industry rules on interbank compensation, and (b) with respect to any amount denominated in a Foreign Currency, the rate of interest per annum at which overnight deposits in the applicable Foreign Currency, in an amount
approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by a branch or Affiliate of Bank of America in the applicable offshore interbank market for such currency to major banks in such
interbank market. 

  
 21 

 “Participant”: as defined in Section 9.6(c). 

“Participant Register”: as defined in Section 9.6(c). 

“Participating Member State”: any member state of the European Union that has the Euro as its lawful currency in accordance
with legislation of the European Union relating to Economic and Monetary Union. 
 “PBGC”: the Pension Benefit Guaranty
Corporation. 
 “Pension Act”: the Pension Protection Act of 2006, as amended from time to time. 

“Pension Funding Rules”: the rules of the Code and ERISA regarding minimum required contributions (including any installment
payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act and,
thereafter, Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 
 “Pension
Plan”: any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that is maintained or is contributed to by the Borrowers and any ERISA Affiliate and is either covered by Title IV of ERISA or any
Applicable Pension Legislation or is subject to the minimum funding standards under Section 412 of the Code. 
 “Permitted
Liens”: as defined in Section 6.3. 
 “Person”: an individual, partnership, corporation, limited liability
company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 

“Plan”: any employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan) or any
Applicable Pension Legislation, maintained for employees of any Borrower or any ERISA Affiliate or any such Plan to which any Borrower or any ERISA Affiliate is required to contribute on behalf of any of its employees. 

“Platform”: as defined in Section 5.2. 

“Pricing Grid”: The Facility Fee Rate, Eurocurrency Applicable Margin, ABR Applicable Margin, Swingline Applicable Margin,
Standby Letter of Credit Fee Rate and Trade Letter of Credit Fee Rate shall be the percentages per annum set forth in the table below opposite the Pricing Level (with Pricing Level I being the lowest and Pricing Level V being the highest) determined
by reference to the Debt Rating (as defined below) in effect at such time: 
  

																							
	 Pricing Level
	  	 Debt Rating
S&P/Moody’s
	  	Facility Fee
Rate	 	 	Eurocurrency
Applicable
Margin and
Swingline
Applicable
Margin	 	 	ABR
Applicable
Margin	 	 	Standby
Letter of
Credit Fee
Rate	 	 	Trade Letter
of Credit Fee
Rate	 
	 I
	  	 >A-

>A3
	  	 	0.100	% 	 	 	0.900	% 	 	 	0.000	% 	 	 	0.900	% 	 	 	0.600	% 
	 II
	  	 BBB+

Baa1
	  	 	0.125	% 	 	 	1.000	% 	 	 	0.000	% 	 	 	1.000	% 	 	 	0.700	% 
	 III
	  	 BBB

Baa2
	  	 	0.175	% 	 	 	1.075	% 	 	 	0.075	% 	 	 	1.075	% 	 	 	0.775	% 
	 IV
	  	 BBB-

Baa3
	  	 	0.225	% 	 	 	1.275	% 	 	 	0.275	% 	 	 	1.275	% 	 	 	0.900	% 
	 V
	  	 <BBB-

<Baa3
	  	 	0.300	% 	 	 	1.450	% 	 	 	0.450	% 	 	 	1.450	% 	 	 	1.00	% 

  
 22 

 For the purpose of determining the Pricing Level, “Debt Rating” means, as of any date
of determination, the rating as determined by S&P and Moody’s (each a “Debt Rating” and collectively, the “Debt Ratings”) of the Company’s non-credit-enhanced, senior unsecured long-term debt;
provided that in the event that the Debt Ratings between S&P and Moody’s differ, (i) if the Debt Ratings issued by such rating agencies differ by one level, then the Pricing Level that is applicable to the higher Debt Rating
shall apply, (ii) if there is a split in the Debt Ratings of more than one level, then the Pricing Level that is applicable to the Debt Rating that is one level lower than the higher Debt Rating shall apply, (iii) if there is only one Debt
Rating, such Debt Rating shall apply, and (iv) if there is no Debt Rating from either S&P or Moody’s, then the Pricing Level that is applicable to the lowest Debt Rating set forth above shall apply and the Lenders and the Company agree
to negotiate in good faith to determine an alternate pricing metric within thirty (30) days of the date that the Company no longer maintains a Debt Rating with S&P and Moody’s. 

“Properties”: as defined in Section 3.15(a). 

“Public Lender”: as defined in Section 5.2. 

“Purchasing Lender”: as defined in Section 9.7(c). 

“Qualified Receivables Transaction”: any transaction or series of transactions that may be entered into by the Company or any
of its Subsidiaries pursuant to which the Company or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Entity (in the case of a transfer by the Company or any of its Subsidiaries) or (b) any other Person
(in the case of a transfer by a Receivables Entity), or may grant a security interest in, any accounts receivable (whether now existing or arising in the future) of the Company or any of its Subsidiaries, and any assets related thereto including,
without limitation, all collateral securing such accounts receivable, all contracts and all guarantees or other obligations in respect of such accounts receivable, the proceeds of such receivables and other assets which are customarily transferred,
or in respect of which security interests are customarily granted, in connection with asset securitizations involving accounts receivable. 

“Qualifying Bank”: any Person which effectively conducts banking activities with its own infrastructure and staff as its
principal purpose and which is recognized as a bank by the banking laws in force in its jurisdiction of incorporation or, if acting through a branch, in the jurisdiction of such branch, in accordance with the applicable laws and guidelines of
Switzerland. 
 “Quoted Rate”: for any day for any Euro Swingline Loan, a rate per annum quoted by the Euro Swingline
Lender to the applicable Foreign Borrower in response to a notice delivered in accordance with Section 2.5(a)(ii) for a Euro Swingline Loan as its overnight offer rate in effect for such Euro Swingline Loan at its principal office in London.

 “Rate Determination Date”: two Business Days prior to the commencement of such Interest Period (or such other day as is
generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such
other day as otherwise reasonably determined by the Administrative Agent). 

  
 23 

 “Receivables Entity”: a Wholly Owned Subsidiary of the Company (or another
Person in which the Company or any Subsidiary makes an Investment pursuant to Section 6.11(g) and to which the Company or any Subsidiary transfers accounts receivable and related assets pursuant to a Qualified Receivables Transaction) which
engages in no activities other than in connection with the financing of accounts receivable and whose assets consist solely of receivables and related assets transferred to such entity in connection with a Qualified Receivables Transaction: 

(a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which: 

(i) is guaranteed by the Company or any Subsidiary (excluding guarantees of obligations (other than the principal of, and
interest on, Indebtedness) pursuant to Standard Securitization Undertakings); 
 (ii) is recourse to or obligates the Company
or any Subsidiary in any way other than pursuant to Standard Securitization Undertakings; or 
 (iii) subjects any property
or asset of the Company or any Subsidiary, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings; 

(b) with which neither the Company nor any Subsidiary has any material contact, agreement, arrangement or understanding (except in connection
with a Qualified Receivables Transaction) other than on terms no less favorable to the Company or such Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Company, other than fees payable in the
ordinary course of business in connection with servicing accounts receivable; and 
 (c) to which neither the Company nor any Subsidiary has
any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results (except pursuant to Standard Securitization Undertakings). 

Any designation by the Company of a Wholly Owned Subsidiary as a Receivables Entity shall be evidenced to the Administrative Agent by filing
with the Administrative Agent a certificate of a Responsible Officer of the Company certifying the such designation complied with the foregoing conditions. 

“Recipient”: the Administrative Agent, any Lender, any Issuing Lender or any other recipient of any payment to be made by or
on account of any obligation of any Loan Party hereunder. 
 “Refunded Swingline Loans”: as defined in Section 2.5(b).

 “Refunding Date”: as defined in Section 2.5(c). 

“Register”: as defined in Section 9.6(b)(iv). 

“Regulation U”: Regulation U of the Board as in effect from time to time. 

“Reimbursement Obligation”: the obligation of the applicable Borrower to reimburse the relevant Issuing Lender pursuant to
Section 2.9 for amounts drawn under Letters of Credit. 

  
 24 

 “Related Parties”: with respect to any Person, such Person’s Affiliates and
the partners, directors, officers, employees, agents and trustees of such Person and of such Person’s Affiliates. 

“Reorganization”: with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the
meaning of Section 4241 of ERISA. 
 “Reportable Event”: any of the events set forth in Section 4043(c) of ERISA,
other than events for which the 30 day notice period has been waived. 
 “Requested Multicurrency Loans”: as defined in
Section 2.31(a). 
 “Required Lenders”: at any time, the holders of more than 50% of the Total Commitments then in
effect or, if the Commitments have been terminated, the Total Outstanding Extensions of Credit. The Outstanding Extensions of Credit of any Defaulting Lender shall be disregarded in determining Required Lenders at any time; provided that the amount
of any participation in any Swingline Loan, Euro Swingline Loan and Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is
the Swingline Lender, Euro Swingline Lender or applicable Issuing Lender, as the case may be, in making such determination. 

“Required Multicurrency Lenders”: at any time, the holders of more than 50% of the Multicurrency Subcommitments then in
effect. 
 “Requirement of Law”: as to any Person, the Certificate of Incorporation and By-Laws or other organizational or
governing documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such
Person or any of its property is subject. For purposes of determining whether there has been any change in a Requirement of Law under this Agreement, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules,
guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or
similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a change in a Requirement of Law, regardless of the date enacted, adopted or issued. 

“Reset Date”: as defined in Section 2.30. 

“Responsible Officer”: the chief executive officer, president, chief financial officer, treasurer, assistant treasurer or
controller of a Loan Party, solely for purposes of the delivery of incumbency certificates pursuant to Section 4.1, the secretary or any assistant secretary of a Loan Party and, solely for purposes of notices given pursuant to Section 2,
any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement
between the applicable Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership
and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. To the extent requested by the Administrative Agent, each Responsible Officer will provide an
incumbency certificate and to the extent requested by the Administrative Agent, appropriate authorization documentation, in form and substance satisfactory to the Administrative Agent. 

  
 25 

 “Restricted Payments”: the declaration or payment of any dividend (other than
dividends payable solely in common stock of the Person making such dividend) on, or the making of any payment on account of, or the setting apart of assets for a sinking or other analogous fund for, or the purchase, redemption, defeasance,
retirement or other acquisition of, any Capital Stock of any Group Member, whether now or hereafter outstanding, or the making of any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations
of any Group Member. 
 “Revolving Loans”: the collective reference to Dollar Revolving Loans and Multicurrency Loans. 

“Revolving Percentage”: as to any Lender at any time, the percentage which such Lender’s Commitment then constitutes of
the Total Commitments or, at any time after the Commitments shall have expired or terminated, the percentage which the aggregate amount of such Lender’s Outstanding Extensions of Credit then outstanding constitutes of the aggregate Outstanding
Extensions of Credit. 
 “Sanction(s)”: any economic or financial sanction or trade embargo administered or enforced by the
United States Government (including without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury (“HMT”) or any European Union member state. 

“S&P”: Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any successor
thereto. 
 “SEC”: the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority.

 “Significant Subsidiary”: any Subsidiary of the Company (a) which, together with its Subsidiaries (determined on a
consolidated basis), has assets with a book value greater than or equal to $75,000,000 (or, if less, commencing with the first fiscal quarter ending after the Closing Date, 5% of the total assets of the Company and its Subsidiaries (determined on a
consolidated basis) as of the end of the most recently completed fiscal quarter for which financial information is available), determined in accordance with GAAP, (b) which, together with its Subsidiaries (determined on a consolidated basis),
has net outside sales greater than or equal to $75,000,000 (or, if less, commencing with the first fiscal quarter after the Closing Date, 5% of the net outside sales of the Company and its Subsidiaries (determined on a consolidated basis) for the
most recent four fiscal quarters for which financial information is available), determined in accordance with GAAP or (c) designated by the Company as a Significant Subsidiary by written notice to the Administrative Agent. As used in the
foregoing definition, “net outside sales” means gross sales to Persons other than the Company and its consolidated Subsidiaries, net of cash discounts, customer returns and allowances. 

“Single Employer Plan”: any Plan that is covered by Title IV of ERISA, but that is not a Multiemployer Plan. 

“Solvent”: when used with respect to any Person, means that, as of any date of determination, (a) the amount of the
“present fair saleable value” of the assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent or otherwise”, as of such date, as such quoted terms are determined in accordance
with applicable federal and state laws governing determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of such Person will, as of such date, be greater than the amount that will be required to pay the
liability of such Person on its debts as such debts become absolute and matured, (c) such Person will not have, as of such date, an 

  
 26 

 
unreasonably small amount of capital with which to conduct its business, and (d) such Person will be able to pay its debts as they mature. For purposes of this definition,
(i) “debt” means liability on a “claim”, and (ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured,
unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced
to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured. 
 “Specified Hedge
Agreement”: any Hedge Agreement entered into by any Borrower and any Lender or Lender Affiliate, including any counterparty that is a Lender or Lender Affiliate at the time at the time such Hedge Agreement is entered into. 

“Standard Securitization Undertakings”: representations, warranties, covenants and indemnities entered into by the Company or
any Subsidiary which are reasonably customary in securitization of accounts receivables transactions (it being understood that in no event shall Standard Securitization Undertakings include any Guarantee Equivalents in respect of principal or
interest on the financing for any Qualified Receivables Transaction). 
 “Standby Letter of Credit”: a standby letter of
credit issued to support obligations of the Company or its Subsidiaries, contingent or otherwise. 
 “Standby Letter of Credit Fee
Rate”: the Standby Letter of Credit Fee Rate shall be determined pursuant to the Pricing Grid. 
 “Sterling” and
“£”: British Pounds Sterling, the lawful currency of the United Kingdom. 
 “Stock Payment”: by any
Person, any dividend, distribution or payment of any nature (whether in cash, securities, or other property) on account of or in respect of any shares of the capital stock or other equity interests (or warrants, options or rights therefor) of such
Person, including but not limited to any payment on account of the purchase, redemption, retirement, defeasance or acquisition of any shares of the capital stock or other equity interests (or warrants, options or rights therefor) of such Person, in
each case regardless of whether required by the terms of such capital stock or other equity interest (or warrants, options or rights) or any other agreement or instrument. 

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

“Subsidiary Guarantor”: each Significant Subsidiary of the Company which is a Domestic Subsidiary. 

“Swap Obligations”: with respect to any Subsidiary Guarantor any obligation to pay or perform under any agreement, contract
or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

  
 27 

 “Swingline Applicable Margin”: the Swingline Applicable Margin will be
determined pursuant to the Pricing Grid. 
 “Swingline Commitment”: the obligation of the Swingline Lender to make
Swingline Loans pursuant to Section 2.4 in an aggregate principal amount at any one time outstanding not to exceed $75,000,000. The Swingline Commitment is part of, and not in addition to, the Total Commitments. 

“Swingline Lender”: Bank of America (or any of its Affiliates), in its capacity as the lender of Swingline Loans. 

“Swingline Loan Notice”: a notice of a borrowing of Swingline Loans pursuant to Section 2.4, which shall be
substantially in the form of Exhibit C or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately
completed and signed by a Responsible Officer of the Company. 
 “Swingline Loans”: as defined in Section 2.4(a). 

“Swingline Participation Amount”: as defined in Section 2.5(c). 

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

“Termination Date”: April 15, 2021. 

“Total Commitments”: at any time, the aggregate amount of the Commitments then in effect. 

“Total Outstanding Extensions of Credit”: at any time, the sum of the aggregate amount of the Outstanding Extensions of
Credit of the Lenders outstanding at such time. 
 “Trade Letter of Credit”: a trade letter of credit issued to provide a
primary means of payment in respect of the purchase of goods or services by the Company or its Subsidiaries in the ordinary course of business. 

“Trade Letter of Credit Fee Rate”: the Trade Letter of Credit Fee Rate shall be determined pursuant to the Pricing Grid. 

“Transferee”: any Assignee or Participant. 

“Type”: as to any Loan, its nature as an ABR Loan or a Eurocurrency Loan. 

“UCP”: with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber
of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance). 

“United States”: the United States of America. 

“Unreimbursed Amount”: as defined in Section 2.8(a). 

  
 28 

 “Unrestricted Domestic Cash”: domestic cash at a U.S. bank or a U.S. branch or
agency of a foreign bank or domestic Cash Equivalents, in each case, held by the Company or any Subsidiary Guarantor, which is freely transferable and not subject to a Lien (other than a Lien permitted pursuant to Section 6.3(m)), pledge,
security interest, encumbrance, escrow or cash collateral arrangement or other restriction on its use. 
 “U.S. Person”:
any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance
Certificate”: as defined in Section 2.25(e). 
 “Wholly Owned Subsidiary”: as to any Person, any other Person
all of the Capital Stock of which (other than directors’ qualifying shares required by law) is owned by such Person directly and/or through other Wholly Owned Subsidiaries. 

“Wholly Owned Subsidiary Guarantor”: any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Company. 

“Write-Down and Conversion Powers”: 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. 

“Yen” and “Y”: the lawful currency of Japan. 

1.2. Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement shall have
the defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto. 

(b) As used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or thereto,
(i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP, (ii) the
words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”, (iii) the word “incur” shall be construed to mean incur, create, issue, assume,
become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings), (iv) the words “asset” and “property” shall be construed to have the same
meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, Capital Stock, securities, accounts receivable, leasehold interests and contract rights, and (v) references to agreements or other
Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated or otherwise modified from time to time. 

(c) The words “hereof’, “herein”, “hereto” and “hereunder” and words of similar import, when used in
this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise specified. 

(d) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. 

  
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 1.3. Currency Conversion. (a) If more than one currency or currency unit are at the
same time recognized by the central bank of any country as the lawful currency of that country, then (i) any reference in the Loan Documents to, and any obligations arising under the Loan Documents in, the currency of that country shall be
translated into or paid in the currency or currency unit of that country designated by the Administrative Agent and (ii) any translation from one currency or currency unit to another shall be at the official rate of exchange recognized by the
central bank for conversion of that currency or currency unit into the other, rounded up or down by the Administrative Agent as it deems appropriate. 

(b) If a change in any currency of a country occurs (including the adoption of the Euro by any member state of the European Union), this
Agreement shall be amended (and each party hereto agrees to enter into any supplemental agreement necessary to effect any such amendment) to the extent that the Administrative Agent determines such amendment to be necessary to reflect the change in
currency and to put the Lenders in the same position, so far as possible, that they would have been in if no change in currency had occurred. 

(c) Each obligation of a Borrower to make a payment denominated in the national currency unit of any member state of the European Union that
adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption. If, in relation to the currency of any such member state, the basis of accrual of interest expressed in this Agreement in
respect of that currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or practice with
effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Loan or L/C Obligation in the currency of such member state is outstanding immediately prior to such date, such replacement shall
take effect, with respect to such Loan or L/C Obligation, at the end of the then current Interest Period. 
 1.4. Letter of Credit
Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the Dollar Equivalent of the stated amount of such Letter of Credit in effect at such time; provided, however, that with
respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the Dollar
Equivalent of the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time. 

1.5. Eurocurrency Rate. The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have
any liability with respect to the administration, submission or any other matter related to the underlying reference rates in the definition of “Eurocurrency Base Rate” (e.g., LIBOR, CDOR) or with respect to any comparable or successor
rate thereto. 
 SECTION 2. AMOUNT AND TERMS OF COMMITMENTS 

2.1. Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans
denominated in Dollars (“Dollar Revolving Loans”) to any of the Borrowers from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s
Outstanding Extensions of Credit, shall not exceed such Lender’s Commitment. No Borrower shall request and no Lender shall be required to make any Dollar Revolving Loan if, after making such Dollar Revolving Loan, the Total Outstanding
Extensions of Credit shall exceed the Total Commitments then in effect. No Foreign Borrower shall request and no Lender shall be required to make any Dollar Revolving Loan to such Foreign Borrower if, after making such Dollar Revolving Loan, the
aggregate Foreign Borrower Exposure of all Foreign 

  
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Borrowers shall exceed the Aggregate Foreign Sublimit then in effect. During the Commitment Period, any of the Borrowers may use the Commitments by borrowing, prepaying and reborrowing the Dollar
Revolving Loans in whole or in part, all in accordance with the terms and conditions hereof. The failure of any Lender to make any Dollar Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder;
provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Dollar Revolving Loans as required. The Dollar Revolving Loans may from time to time be Eurocurrency Loans or ABR
Loans, as determined by the applicable Borrower and notified to the Administrative Agent in accordance with Sections 2.2(a) and 2.18. 
 (b)
Each Borrower shall repay all outstanding Dollar Revolving Loans borrowed by it on the earlier of the Termination Date and the date on which the Dollar Revolving Loans shall become due and payable in accordance with Section 7. 

(c) Subject to the terms and conditions hereof (including, without limitation, Section 2.31), each Multicurrency Lender severally agrees,
from time to time during the Commitment Period, to make revolving credit loans (x) denominated in one or more Foreign Currencies to the Company or (y) denominated in Euros to any Foreign Borrower (collectively, “Multicurrency
Loans”) in an aggregate principal amount (based on the Dollar Equivalent of such Multicurrency Loans) at any one time outstanding which (a) shall not exceed such Multicurrency Lender’s Multicurrency Subcommitment and (b) when
added to such Lender’s Outstanding Extensions of Credit, shall not exceed such Lender’s Commitment. No Borrower shall request and no Multicurrency Lender shall be required to make any Multicurrency Loan if, after making such Multicurrency
Loan (i) the Total Outstanding Extensions of Credit shall exceed the Total Commitments then in effect or (ii) the Dollar Equivalent of the aggregate outstanding Multicurrency Loans shall exceed the Multicurrency Sublimit. No Foreign
Borrower shall request and no Lender shall be required to make any Multicurrency Loan to such Foreign Borrower if, after making such Multicurrency Loan, the aggregate Foreign Borrower Exposure of all Foreign Borrowers shall exceed the Aggregate
Foreign Sublimit then in effect. During the Commitment Period, the Borrowers may borrow, prepay and reborrow Multicurrency Loans, in whole or in part, all in accordance with the terms and conditions hereof. All Multicurrency Loans shall be
Eurocurrency Loans. 
 (d) Each Borrower shall repay all outstanding Multicurrency Loans borrowed by it on the earlier of the Termination
Date and the date on which the Multicurrency Loans shall become due and payable in accordance with Section 7. 
 2.2. Procedure for
Revolving Loan Borrowing. (a) Each Borrower may borrow Dollar Revolving Loans under the Commitments during the Commitment Period on any Business Day, provided that such Borrower shall give the Administrative Agent irrevocable notice, which
may be given by (A) telephone or (B) a Borrowing Notice; provided that any telephonic notice must be confirmed promptly by delivery to the Administrative Agent of Borrowing Notice. Each such Borrowing Notice must be received by the
Administrative Agent (x) prior to 11:00 A.M., New York City time, three Business Days prior to the requested Borrowing Date, in the case of Eurocurrency Loans or (y) prior to 11:00 A.M., New York City time, on the requested Borrowing Date,
in the case of ABR Loans, specifying (i) the amount and Type of Dollar Revolving Loans to be borrowed, (ii) the requested Borrowing Date, and (iii) in the case of Eurocurrency Loans, the respective amounts of each such Type of Loan
and the respective lengths of the initial Interest Period therefor. Any Dollar Revolving Loans made on the Closing Date shall initially be ABR Loans. Each borrowing of Dollar Revolving Loans under the Commitments shall be in an amount equal to
(x) in the case of ABR Loans, $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurocurrency Loans, $3,000,000
or a whole multiple of $1,000,000 in excess thereof (or, if the then aggregate Available Commitments are less than 

  
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$1,000,000, such lesser amount); provided, that the Swingline Lender may request, on behalf of the Company, borrowings under the Commitments that are ABR Loans in other amounts pursuant to
Section 2.5. Upon receipt of any Borrowing Notice from the relevant Borrower, the Administrative Agent shall promptly notify each Lender thereof. Subject to Section 2.31, each Lender will make the amount of its pro rata share of each
borrowing of Dollar Revolving Loans available to the Administrative Agent for the account of the relevant Borrower at the Funding Office prior to 12:00 Noon, New York City time on the Borrowing Date requested by such Borrower in funds immediately
available to the Administrative Agent. Subject to Section 2.31, such borrowing will then be made available to the relevant Borrower by the Administrative Agent crediting the account of such Borrower on the books of such office with the
aggregate of the amounts made available in Dollars to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent or by wire transfer of such amounts to an account designated in writing by such Borrower to the
Administrative Agent in connection with the relevant borrowing. 
 (b) Subject to the terms hereof, each Borrower may borrow Multicurrency
Loans under the Multicurrency Subcommitments during the Commitment Period on any Business Day, provided that such Borrower shall give the Administrative Agent irrevocable notice, which may be given by (A) telephone or (B) a Borrowing
Notice; provided that any telephonic notice must be confirmed promptly by delivery to the Administrative Agent of Borrowing Notice. Each such Borrowing Notice must be received by the Administrative Agent prior to 3:00 P.M., London time, three
Business Days (or four Business Days in the case of a Multicurrency Loan denominated in Yen) prior to the requested Borrowing Date, specifying (i) the requested Borrowing Date, (ii) the respective amounts of each Multicurrency Loan in each
Foreign Currency and (iii) the respective lengths of the initial Interest Period therefor. Each borrowing under the Multicurrency Subcommitments shall be in an amount equal to (w) in the case of Multicurrency Loans denominated in Sterling,
£1,000,000 or a whole multiple of £100,000 in excess thereof, (x) in the case of Multicurrency Loans denominated in Euros, €1,000,000 or a whole multiple of €100,000 in excess thereof, (y) in the case of Multicurrency
Loans denominated in Canadian Dollars, C$1,000,000 or a whole multiple of C$100,000 in excess thereof and (z) in the case of Multicurrency Loans denominated in Yen, Y100,000,000 or a whole multiple of Y10,000,000 in excess thereof; provided,
that the Euro Swingline Lender may request, on behalf of any relevant Foreign Borrower, borrowings denominated in Euros under the Multicurrency Subcommitments that are Eurocurrency Loans with an Interest Period of one month in other amounts pursuant
to Section 2.5. Upon receipt of any Borrowing Notice from the relevant Borrower, the Administrative Agent shall promptly notify each Multicurrency Lender thereof. Each Multicurrency Lender will make the amount of its pro rata share of each
borrowing available to the Administrative Agent for the account of the relevant Borrower at the Funding Office prior to 12:00 Noon, London time, in each case, on the Borrowing Date requested by the Borrower in funds immediately available in the
relevant Foreign Currency to the Administrative Agent. Such borrowing will then be made available to the applicable Borrower by the Administrative Agent crediting the account of such Borrower on the books of such office with the aggregate of the
amounts made available to the Administrative Agent by the Multicurrency Lenders and in like funds as received by the Administrative Agent or by wire transfer of such amounts to an account designated in writing by such Borrower to the Administrative
Agent in connection with the relevant borrowing. 
 2.3. Cashless Settlement. Notwithstanding anything to the contrary in this
Agreement, any Lender may exchange, continue or rollover all of the portion of its Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless
settlement mechanism approved by the Borrowers, the Administrative Agent, and such Lender. 
 2.4. Swingline Commitment; Euro Swingline
Commitment. (a) Subject to the terms and conditions hereof and in reliance upon the agreements of the other Lenders set forth herein, the 

  
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Swingline Lender agrees to make a portion of the credit otherwise available to the Company under the Commitments from time to time during the Commitment Period by making swing line loans
denominated in Dollars (“Swingline Loans”), bearing interest as set forth in Section 2.20(c)(i), to the Company; provided that (i) the aggregate outstanding principal amount of Swingline Loans at any time shall not exceed
the Swingline Commitment then in effect (notwithstanding that the Swingline Loans outstanding at any time, when aggregated with such Swingline Lender’s other outstanding Revolving Loans, may exceed the Swingline Commitment then in effect),
(ii) the sum of (x) the aggregate principal amount of Swingline Loans outstanding, plus (y) the Dollar Equivalent of the aggregate principal amount of Euro Swingline Loans outstanding, shall not at any time exceed $100,000,000,
and (iii) the Company shall not request, and the Swingline Lender shall not make, any Swingline Loan if, after giving effect to the making of such Swingline Loan, the sum of the Total Outstanding Extensions of Credit would exceed the Total
Commitments. During the Commitment Period, the Company may use the Swingline Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swingline Loans shall be denominated in Dollars. Any Swingline
Loans made on the Closing Date shall bear interest at Bank of America’s cost of funds plus the Swingline Applicable Margin. Immediately upon the making of a Swingline Loan, each Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from the Swingline Lender a risk participation in such Swingline Loan in an amount equal to the product of such Lender’s Revolving Percentage times the amount of such Swingline Loan. 

(b) The Company shall repay all outstanding Swingline Loans on the earlier of (i) the Termination Date and (ii) the date on which
the Swingline Loans shall become due and payable in accordance with Section 7. 
 (c) Subject to the terms and conditions hereof and in
reliance upon the agreements of the Multicurrency Lenders set forth herein, the Euro Swingline Lender agrees to make a portion of the credit otherwise available to each Foreign Borrowers under the Commitments from time to time during the Commitment
Period by making swing line loans denominated in Euros (“Euro Swingline Loans”), bearing interest as set forth in Section 2.20(c)(ii), to such Foreign Borrower; provided that (i) the aggregate outstanding principal amount
of Euro Swingline Loans at any time shall not exceed the Euro Swingline Commitment then in effect (notwithstanding that the Euro Swingline Loans outstanding at any time, when aggregated with the Euro Swingline Lender’s other outstanding
Revolving Loans (if any), may exceed the Euro Swingline Commitment then in effect), (ii) the sum of (x) the aggregate principal amount of Swingline Loans outstanding, plus (y) the Dollar Equivalent of the aggregate principal
amount of Euro Swingline Loans outstanding, shall not at any time exceed $100,000,000, and (iii) no Foreign Borrower shall request, and the Euro Swingline Lender shall not make, any Euro Swingline Loan if, after giving effect to the making of
such Euro Swingline Loan, the sum of the Total Outstanding Extensions of Credit would exceed the Total Commitments. During the Commitment Period, the Foreign Borrowers may use the Euro Swingline Commitment by borrowing, repaying and reborrowing, all
in accordance with the terms and conditions hereof. Euro Swingline Loans shall be denominated in Euros in accordance with the terms and conditions hereof. Immediately upon the making of a Euro Swingline Loan, each Multicurrency Lender shall be
deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Euro Swingline Lender a risk participation in such Euro Swingline Loan in an amount equal to the product of such Multicurrency Lender’s Multicurrency Revolving
Percentage times the amount of such Euro Swingline Loan. 
 (d) Each Foreign Borrower shall repay all outstanding Euro Swingline Loans
outstanding to such Foreign Borrower on the earlier of (i) the Termination Date and (ii) the date on which the Euro Swingline Loans shall become due and payable in accordance with Section 7. 

  
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 2.5. Procedure for Swingline Borrowing: Refunding of Swingline Loans; Reallocation of
Swingline Commitment and Euro Swingline Commitment. 
 (a) (i) Whenever the Company desires that the Swingline Lender make Swingline
Loans it shall give the Swingline Lender and the Administrative Agent irrevocable notice, which may be given by (A) telephone or (B) a Swingline Loan Notice; provided that any telephonic notice must be confirmed promptly by delivery to the
Swingline Lender and the Administrative Agent of Swingline Loan Notice. Each such Swingline Loan Notice must be received by the Swingline Lender and the Administrative Agent not later than 2:00 P.M., New York City time, on the proposed Borrowing
Date, specifying (A) the amount to be borrowed and (B) the requested Borrowing Date (which shall be a Business Day during the Commitment Period). Each borrowing under the Swingline Commitment shall be a minimum of $100,000. Promptly after
receipt by the Swingline Lender of any telephonic Swingline Loan Notice, the Swingline Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swingline Loan Notice and, if
not, the Swingline Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swingline Lender has received notice (by telephone or in writing) from the Administrative Agent prior to 3:00 p.m. on the
date of the proposed borrowing of the Swingline Loan (A) directing the Swingline Lender not to make such Swingline Loan as a result of the limitations set forth in Section 2.4(a), or (B) that one or more of the applicable conditions
specified in Section 4 is not then satisfied, then, subject to the terms and conditions hereof, not later than 3:00 P.M., New York City time, on the Borrowing Date specified in the Swingline Loan Notice, the Swingline Lender shall make
available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the amount of the Swingline Loan to be made by the Swingline Lender. The Administrative Agent shall make the proceeds of such Swingline
Loan available to the Company on such Borrowing Date by transferring such proceeds to an account designated by the Company no later than 4:00 P.M., New York City time on such Borrowing Date in immediately available funds. 

(ii) Whenever any Foreign Borrower desires that the Euro Swingline Lender make Euro Swingline Loans it shall give the Euro
Swingline Lender and the Administrative Agent irrevocable notice, which may be given by (A) telephone or (B) a Euro Swingline Loan Notice; provided that any telephonic notice must be confirmed promptly by delivery to the Euro Swingline
Lender and the Administrative Agent of a Euro Swingline Loan Notice. Each such Euro Swingline Loan Notice must be received by the Euro Swingline Lender not later than 12:00 P.M. (Noon), London time, on the proposed Borrowing Date, specifying
(A) the amount to be borrowed and (B) the requested Borrowing Date (which shall be a Business Day during the Commitment Period). Each borrowing under the Euro Swingline Commitment shall be a minimum of the Foreign Currency Equivalent for
Euros of $100,000. Unless the Euro Swingline Lender has received notice (by telephone or in writing) from the Administrative Agent prior to 1:00 p.m., London Time, on the date of the proposed borrowing of the Euro Swingline Loan (A) directing
the Euro Swingline Lender not to make such Euro Swingline Loan as a result of the limitations set forth in Section 2.4(c), or (B) that one or more of the applicable conditions specified in Section 4 is not then satisfied, then,
subject to the terms and conditions hereof, on the Borrowing Date specified in the Euro Swingline Loan Notice in respect of the relevant Euro Swingline Loan, the Euro Swingline Lender shall make available to an account designated by the applicable
Foreign Borrower in such Euro Swingline Loan Notice an amount in immediately available funds equal to the amount of the Euro Swingline Loan to be made by the Euro Swingline Lender. 

(b) Each of the Swingline Lender and the Euro Swingline Lender, as applicable, at any time and from time to time in its sole and absolute
discretion may (and, in any event, on the tenth (10th) Business Day after any Swingline Loan or Euro Swingline Loan is made to the applicable 

  
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Borrower, the Swingline Lender or the Euro Swingline Lender, as the case may be, shall), on behalf of the applicable Borrower (each of which hereby irrevocably directs the Swingline Lender or the
Euro Swingline Lender, as the case may be, to act on its behalf), on two Business Day’s written notice (which notice shall be given at least two Business Days prior to the tenth (10th) Business Day after any Swingline Loan or Euro
Swingline Loan is made to the applicable Borrower) given by the Swingline Lender or the Euro Swingline Lender no later than 12:00 Noon, New York City time, request each Lender (or in the case of a Euro Swingline Loan, each Multicurrency Lender) to
make, in accordance with the applicable provisions of Section 2.2 (without regard to the minimums and multiples specified therein for the principal amount of Dollar Revolving Loans or Multicurrency Loans, as the case may be, but subject to the
unutilized portion of the Total Commitments and the conditions set forth in Section 4.2), and each Lender or Multicurrency Lender, as the case may be, hereby agrees to make, a Dollar Revolving Loan or, in the case of a Euro Swingline Loan, a
Multicurrency Loan denominated in Euros, in an amount equal to such Lender’s Revolving Percentage (or, in the case of a Euro Swingline Loan, such Multicurrency Lender’s Multicurrency Revolving Percentage) of the aggregate amount of the
Swingline Loans or the Euro Swingline Loans (the “Refunded Swingline Loans”) outstanding on the date of such notice, to repay the Swingline Lender or the Euro Swingline Lender, as the case may be. Each Lender shall make the amount
of such Dollar Revolving Loan or such Multicurrency Loan denominated in Euros, as the case may be, available to the Administrative Agent at the Funding Office in immediately available funds, not later than 10:00 A.M., New York City time, one
Business Day after the date of such notice. The proceeds of such Revolving Loans shall be immediately made available by the Administrative Agent to the Swingline Lender or the Euro Swingline Lender, as applicable, for application to the repayment of
the Refunded Swingline Loans. The Company and each Foreign Borrower irrevocably authorizes the Swingline Lender or the Euro Swingline Lender, as applicable, to charge the applicable Borrower’s accounts with the Administrative Agent (up to the
amount available in each such account) in order to immediately pay the amount of such Refunded Swingline Loans to the extent amounts received from the Lenders are not sufficient to repay in full relevant Refunded Swingline Loans. 

(c) If prior to the time a Dollar Revolving Loan or a Multicurrency Loan, as the case may be, would have otherwise been made pursuant to
Section 2.5(b), one of the events described in Section 7(f) shall have occurred and be continuing or if for any other reason, as determined by the Swingline Lender or the Euro Swingline Lender, as applicable, in its sole discretion, Dollar
Revolving Loans or Multicurrency Loans, as the case may be, may not be made as contemplated by Section 2.5(b), each Lender or Multicurrency Lender, as applicable, shall, on the date such Loan was to have been made pursuant to the notice
referred to in Section 2.5(b) (the “Refunding Date”), purchase for cash an undivided participating interest in the then outstanding Swingline Loans or Euro Swingline Loans, as the case may be, by paying to the Swingline Lender
or the Euro Swingline Lender, as applicable, an amount (the “Swingline Participation Amount”) equal to (i) such Lender’s Revolving Percentage or such Multicurrency Lender’s Multicurrency Revolving Percentage, as
applicable, times (ii) the sum of the aggregate principal amount of Swingline Loans or the Euro Swingline Loans, as applicable, then outstanding that were to have been repaid with such Loans. 

(d) (i) Whenever, at any time after the Swingline Lender or the Euro Swingline Lender, as applicable, has received from any Lender or
Multicurrency Lender, as the case may be, such Lender’s Swingline Participation Amount, the Swingline Lender or the Euro Swingline Lender, as applicable, receives any payment on account of its Swingline Loans or Euro Swingline Loans, as the
case may be, such Person will distribute to such Lender its Swingline Participation Amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s participating interest was
outstanding and funded and, in the case of principal and interest payments, to reflect such Lender’s pro rata portion of such payment if such payment is not sufficient to pay the principal of and interest on the Swingline Loans or the Euro
Swingline Loans, as applicable, then due) in the same funds as those received by the Swingline Lender or the Euro Swingline Lender. 

  
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 (ii) If any payment received by the Swingline Lender or Euro Swingline Lender, as
applicable, in respect of principal or interest on any Swingline Loan or Euro Swingline Loan, as applicable, is required to be returned by the Swingline Lender or Euro Swingline Lender, as applicable, under any of the circumstances described in
Section 9.7A (including pursuant to any settlement entered into by the Swingline Lender or the Euro Swingline Lender, as applicable, in its discretion), each Lender or Multicurrency Lender, as applicable, shall pay to the Swingline Lender or
the Euro Swingline Lender, as applicable, its Revolving Percentage or Multicurrency Revolving Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate
per annum equal to the Overnight Rate. The Administrative Agent will make such demand upon the request of the Swingline Lender or the Euro Swingline Lender, as applicable. The obligations of the Lenders and the Multicurrency Lenders under this
clause shall survive the payment in full of the Obligations and the termination of this Agreement. 
 (e) Each Lender’s obligation to
make the Loans referred to in Section 2.5(b) and to purchase participating interests pursuant to Section 2.5(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any setoff, counterclaim,
recoupment, defense or other right that such Lender or the Borrowers (or any of them) may have against any Swingline Lender, the Euro Swingline Lender, the Company, the other Borrowers or any other Person for any reason whatsoever; (ii) the
occurrence or continuance of a Default or an Event of Default or the failure to satisfy any of the other conditions specified in Section 4; (iii) any adverse change in the condition (financial or otherwise) of the Borrowers (or any of
them); (iv) any breach of this Agreement or any other Loan Document by any Borrower, any other Loan Party or any Lender; or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. No such
funding of risk participations shall relieve or otherwise impair the obligation of the applicable Borrowers to repay Swingline Loans or Euro Swingline Loans, together with interest as provided herein. 

(f) If any Lender fails to make available to the Administrative Agent for the account of the Swingline Lender or the Euro Swingline Lender, as
the case may be, any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.5, the Swingline Lender or the Euro Swingline Lender, as applicable, shall be entitled to recover from such Lender (acting
through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to such Person at a rate per annum equal to the greater
of the applicable Overnight Rate from time to time in effect and a rate determined by the Swingline Lender or the Euro Swingline Lender, as applicable, in accordance with banking industry rules on interbank compensation, plus any applicable
administrative, processing or similar fees customarily charged by such Person in connection with the foregoing. If such Lender or Multicurrency Lender, as applicable, pays such amount (with interest and fees as aforesaid), the amount so paid shall
constitute such Lender’s Dollar Revolving Loan or such Multicurrency Lender’s Multicurrency Loan, as applicable, or funded participation in the relevant Swingline Loan or Euro Swingline Loan, as the case may be. A certificate of the
Swingline Lender or the Euro Swingline Lender, submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.5(f) shall be conclusive absent manifest error. 

(g) The Company shall have the right at any time and from time to time upon five (5) Business Days prior written notice to the
Administrative Agent to increase or decrease the Swingline Commitment or the Euro Swingline Commitment, as the case may be, by reducing and reallocating by an equivalent amount all or a portion of the Swingline Commitment or the Euro Swingline
Commitment, as applicable; provided that in no event shall (x) the Dollar Equivalent of the Euro Swingline Commitment exceed $25,000,000 at any time and (y) the Dollar Equivalent of the aggregate amount of the Swingline Commitment and the
Euro Swingline Commitment exceed $100,000,000 at any time. All such 

  
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reallocations shall be in integral multiples of $1,000,000. In the event of a reallocation of the Swingline Commitment and the Euro Swingline Commitment as described in the foregoing sentence,
the Administrative Agent is hereby authorized by the parties hereto to change the definitions of “Swingline Commitment” and the “Euro Swingline Commitment” herein to provide for the reallocations thereof. The Administrative Agent
shall (i) notify each of the Lenders promptly after receiving any notice of a reallocation under this Section 2.5(g) and (ii) promptly upon the effectiveness of any such reallocation, distribute to the Lenders any change to the
definitions of “Swingline Commitment” and the “Euro Swingline Commitment”. In the event of a reallocation of the Swingline Commitment or the Euro Swingline Commitment as described above, upon the request of any Swingline Lender
or Euro Swingline Lender, the applicable Borrowers shall execute and deliver to such Person (through the Administrative Agent) a Note reflecting such reallocations. 

(h) Interest for Account of Swingline Lender. The Swingline Lender and the Euro Swingline Lender shall each be responsible for invoicing the
applicable Borrowers for interest on the Swingline Loans and the Euro Swingline Loans. Until each Lender or Multicurrency Lender funds its Dollar Revolving Loans or its Multicurrency Loans or risk participation pursuant to this Section 2.5 to
refinance such Lender’s Revolving Percentage of any Swingline Loan or such Multicurrency Lender’s Multicurrency Revolving Percentage of any Euro Swingline Loan, as applicable, interest in respect of such Revolving Percentage or
Multicurrency Revolving Percentage shall be solely for the account of the Swingline Lender or the Euro Swingline Lender, as applicable. 

(i) Payments Directly to Swingline Lender. The Borrowers shall make all payments of principal and interest in respect of the Swingline Loans
and the Euro Swingline Loans directly to the Swingline Lender and the Euro Swingline Lender, as applicable. 
 2.6. L/C Commitment.
(a) Subject to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other Lenders set forth in Section 2.8(a), agrees to issue standby or trade letters of credit, bank guaranties or other similar forms
of credit issued by such Issuing Lender (together with any Designated Letters of Credit, “Letters of Credit”) for the account of any Borrower on any Business Day during the Commitment Period in such form as may be approved from time
to time by such Issuing Lender; provided that no Issuing Lender shall issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment, (ii) the Outstanding Extensions of Credit
of any Lender would exceed such Lender’s Commitment, (iii) the sum of the Total Outstanding Extensions of Credit would exceed the Total Commitments. No Foreign Borrower shall request and no Issuing Lender shall issue any Letter of Credit
for the account of such Foreign Borrower if, after issuing such Letter of Credit, the aggregate Foreign Borrower Exposure of all Foreign Borrowers shall exceed the Aggregate Foreign Sublimit then in effect. Each Letter of Credit shall (i) be
denominated in Dollars or a Foreign Currency, (ii) have a face amount of at least $10,000 or the Foreign Currency Equivalent thereof (unless otherwise agreed by the relevant Issuing Lender) and (iii) expire no later than the earlier of
(x) the first anniversary of its date of issuance and (y) the date that is five Business Days prior to the Termination Date, provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional
one-year periods (which shall in no event extend beyond the date referred to in clause (y) above). 
 (b) No Issuing Lender shall at
any time be obligated to issue, amend, extend or increase any Letter of Credit if: 
 (i) any order, judgment or decree of
any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Lender from issuing the Letter of Credit, or any Law applicable to such Issuing Lender or any request or directive (whether or not having the
force of law) from any Governmental Authority with jurisdiction over 

  
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such Issuing Lender shall prohibit, or request that such Issuing Lender refrain from, the issuance of letters of credit generally or the Letter of Credit in particular or shall impose upon such
Issuing Lender with respect to the Letter of Credit any restriction, reserve or capital requirement (for which such Issuing Lender is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such Issuing Lender
any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such Issuing Lender in good faith deems material to it; 

(ii) such issuance of the Letter of Credit would violate one or more policies of general application of such Issuing Lender
applicable to letters of credit; 
 (iii) any Lender is at that time a Defaulting Lender, unless such Issuing Lender has
entered into arrangements, including the delivery of Cash Collateral, satisfactory to such Issuing Lender (in its sole discretion) with the applicable Borrower or such Lender to eliminate such Issuing Lender’s actual or potential Fronting
Exposure (after giving effect to Section 2.37(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which such Issuing
Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion; 
 (iv) the Letter of Credit
contains any provisions for automatic reinstatement of the stated amount after any drawing thereunder; or 
 (v) the
outstanding L/C Obligations in respect of all Letters of Credit issued by such Issuing Lender would exceed the Issuing Lender Sublimit of such Issuing Lender. 

(c) Each Issuing Lender shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated
therewith, and each Issuing Lender shall have all of the benefits and immunities (A) provided to the Administrative Agent in Section 8 with respect to any acts taken or omissions suffered by such Issuing Lender in connection with Letters
of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Section 8 included each Issuing Lender with respect to such acts
or omissions, and (B) as additionally provided herein with respect to the Issuing Lenders. 
 (d) On the Closing Date, (i) the
Company shall provide Schedule 2.6, which Schedule shall list the Designated Letters of Credit, (ii) such Designated Letters of Credit shall be deemed to be Letters of Credit issued pursuant to and in compliance with this Section 2.6,
(iii) the face amount of such Designated Letters of Credit shall be included in the calculation of the available L/C Commitment and the Outstanding Extensions of Credit, (iv) the provisions of this Agreement shall apply thereto, and the
Company and the Lenders hereunder hereby expressly assume all obligations with respect to such Letters of Credit that they would have if such Letters of Credit had been issued pursuant to this Agreement and (v) all liabilities of the Company
with respect to such Designated Letters of Credit shall constitute obligations of the Company hereunder. 
 2.7. Procedure for Issuance
of Letters of Credit. 
 (a) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the applicable
Borrower delivered to the applicable Issuing Lender (with a copy to the Administrative Agent) in the form of an Application, appropriately completed and signed by a Responsible Officer of such Borrower. Such Application may be sent by facsimile, by
mail, by overnight courier, by electronic transmission using the system provided by the applicable Issuing Lender, by personal delivery or by any other means acceptable to the applicable Issuing Lender. Such Application

  
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must be received by the applicable Issuing Lender and the Administrative Agent not later than 11:00 a.m. at least three Business Days (or such later date and time as the Administrative Agent and
the applicable Issuing Lender may agree in a particular instance in their sole discretion) prior to the proposed issuance date or amendment date, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such
Application shall specify in form and detail satisfactory to the applicable Issuing Lender such information as required by such Issuing Lender for the proposed Letter of Credit. In the case of a request for an amendment of any outstanding Letter of
Credit, such Application shall specify in form and detail satisfactory to the applicable Issuing Lender such information as required by such Issuing Lender for the proposed amendment of such outstanding Letter of Credit. Additionally, the applicable
Borrower shall furnish to the applicable Issuing Lender and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as such Issuing Lender or
the Administrative Agent may require. 
 (b) Promptly after receipt of any Application, the applicable Issuing Lender will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Application from the applicable Borrower and, if not, the applicable Issuing Lender will provide the Administrative Agent with a copy
thereof. Unless the applicable Issuing Lender has received written notice from the Administrative Agent, any Lender or any Loan Party, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit,
that one or more applicable conditions contained in Section 4 shall not then be satisfied, then, subject to the terms and conditions hereof, such Issuing Lender shall, on the requested date, issue a Letter of Credit for the account of such
Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with such Issuing Lender’s usual and customary business practices. Immediately upon the issuance of each Letter of Credit, each Lender shall be
deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuing Lender a risk participation in such Letter of Credit in an amount equal to the product of such Lender’s Revolving Percentage times the amount
of such Letter of Credit. 
 (c) If a Borrower so requests in any applicable Application, the applicable Issuing Lender agrees to issue a
Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit the applicable Issuing Lender to prevent any such extension at
least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such
twelve-month period to be agreed upon at the time such Letter of Credit is issued. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the applicable Issuing Lender to permit
the extension of such Letter of Credit at any time to an expiry date not later than five Business Days prior to the Termination Date; provided, however, that such Issuing Lender shall not permit any such extension if (A) such Issuing Lender has
determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of Section 2.6(a) or Section 2.6(b)
or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is seven Business Days before the Non-Extension Notice Date (1) from the Administrative Agent that the Required Lenders have
elected not to permit such extension or (2) from the Administrative Agent, any Lender or any Loan Party that one or more of the applicable conditions specified in Section 4 is not then satisfied, and in each such case directing such
Issuing Lender not to permit such extension. 
 (d) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of
Credit to an advising bank with respect thereto or to the beneficiary thereof, the applicable Issuing Lender will also deliver to the applicable Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment.

  
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 2.8. L/C Participation. (a) Each Issuing Lender irrevocably agrees to grant and
hereby grants to each L/C Participant, and, to induce each Issuing Lender to issue Letters of Credit, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from each Issuing Lender, on the terms and
conditions set forth below, for such L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s Revolving Percentage in each Issuing Lender’s obligations and rights under and in respect of each Letter
of Credit and the amount of each draft paid by each Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees with each Issuing Lender that, if a draft is paid under any Letter of Credit for which any Issuing Lender is
not reimbursed in full by the relevant Borrower in accordance with the terms of this Agreement, the related Reimbursement Obligation shall be converted to Dollars in accordance with Section 2.9 and such L/C Participant shall pay to such Issuing
Lender through the Administrative Agent upon demand at the Administrative Agent’s address for notices specified herein an amount equal to such L/C Participant’s Revolving Percentage of the amount of such Reimbursement Obligation, or any
part thereof, that is not so reimbursed. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable Issuing Lender shall notify the relevant Borrower and the Administrative Agent
thereof. Not later than 11:00 a.m. on the date of any payment by such Issuing Lender under a Letter of Credit (each such date, an “Honor Date”), the relevant Borrower shall reimburse such Issuing Lender through the Administrative
Agent in an amount equal to the amount of such drawing. If such Borrower fails to so reimburse such Issuing Lender by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing
(the “Unreimbursed Amount”), and the amount of such Lender’s Revolving Percentage thereof. In such event, such Borrower shall be deemed to have requested a borrowing of ABR Loans to be disbursed on the Honor Date in an amount
equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.1 for the principal amount of ABR Loans, but subject to the amount of the unutilized portion of the Total Commitments and the conditions set
forth in Section 4.2. Any notice given by an Issuing Lender or the Administrative Agent pursuant to this Section 2.8 may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation
shall not affect the conclusiveness or binding effect of such notice. 
 (b) If any amount required to be paid by any L/C Participant to any
Issuing Lender pursuant to Section 2.8(a) in respect of any Unreimbursed Amount under any Letter of Credit is paid to such Issuing Lender within three Business Days after the date such payment is due, such L/C Participant shall pay to such
Issuing Lender through the Administrative Agent on demand an amount equal to the product of (i) such amount, times (ii) the Overnight Rate, times (iii) a fraction the numerator of which is the number of days that elapse during such
period and the denominator of which is 360, plus any applicable administrative, processing or similar fees customarily charged by such Issuing Lender in connection with the foregoing. If any such amount required to be paid by any L/C Participant
pursuant to Section 2.8(a) is not made available to such Issuing Lender by such L/C Participant within three Business Days after the date such payment is due, such Issuing Lender shall be entitled to recover from such L/C Participant, on
demand, such amount with interest thereon calculated from such due date at the rate per annum applicable to ABR Loans, plus any applicable administrative, processing or similar fees customarily charged by such Issuing Lender in connection with the
foregoing. A certificate of such Issuing Lender submitted to any L/C Participant with respect to any amounts owing under this Section 2.8 shall be conclusive in the absence of manifest error. 

(c) Each Lender shall upon any notice pursuant to Section 2.8(a) make funds available (and the Administrative Agent may apply Cash
Collateral provided for this purpose) for the account of the applicable Issuing Lender at the Administrative Agent’s Funding Office in an amount equal to its Revolving Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the
Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.8(d), each Lender that so makes funds available shall be deemed to have made an ABR Loan to the relevant Borrower in such
amount. The Administrative Agent shall remit the funds so received to the applicable Issuing Lender. 

  
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 (d) With respect to any Unreimbursed Amount that is not fully refinanced by a borrowing of an ABR
Loans because the conditions set forth in Section 4.2 cannot be satisfied or for any other reason, the relevant Borrower shall be deemed to have incurred from the applicable Issuing Lender an L/C Borrowing in the amount of the Unreimbursed
Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the rate set forth in Section 2.20(d). In such event, each Lender’s payment to the Administrative
Agent for the account of the applicable Issuing Lender pursuant to Section 2.8(c) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its
participation obligation under this Section 2.8. 
 (e) Until each Lender funds its ABR Loan or L/C Advance pursuant to this
Section 2.8 to reimburse the applicable Issuing Lender for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Revolving Percentage of such amount shall be solely for the account of such Issuing Lender. 

(f) Each Lender’s obligation to make an ABR Loan or L/C Advances to reimburse each Issuing Lenders for amounts drawn under Letters of
Credit, as contemplated by this Section 2.8, shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against
such Issuing Lender, the Borrowers or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided,
however, that each Lender’s obligation to make ABR Loans pursuant to this Section 2.8 is subject to the conditions set forth in Section 4.2. No such making of an L/C Advance shall relieve or otherwise impair the obligation of the
Borrowers to reimburse the applicable Issuing Lender for the amount of any payment made by such Issuing Lender under any Letter of Credit, together with interest as provided herein. 

(g) If any Lender fails to make available to the Administrative Agent for the account of any Issuing Lender any amount required to be paid by
such Lender pursuant to the foregoing provisions of this Section 2.8 by the time specified in Section 2.8(c), then, without limiting the other provisions of this Agreement, the applicable Issuing Lender shall be entitled to recover from
such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the applicable Issuing Lender at
a rate per annum equal to the greater of the Overnight Rate and a rate determined by the Issuing Lender in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by
such Issuing Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s ABR Loan included in the relevant extension of credit under
Section 2.1 or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of any Issuing Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause 2.8(g)
shall be conclusive absent manifest error. 
 2.8A. Repayment of Participations. 

(a) Whenever, at any time after an Issuing Lender has made payment under any Letter of Credit and has received from any L/C Participant its
pro rata share of such payment in accordance with Section 2.8(a), the Administrative Agent receives for the account of such Issuing Lender any payment in respect of the Unreimbursed Amount (whether directly from the applicable Borrower or

  
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otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), or any payment of interest on account thereof, the Administrative Agent will distribute to such L/C
Participant its pro rata share thereof in the same funds as those received by the Administrative Agent. 
 (b) If any payment received by
the Administrative Agent for the account of any Issuing Lender pursuant to Section 2.8(a) is required to be returned under any of the circumstances described in Section 9.7A (including pursuant to any settlement entered into by the
applicable Issuing Lender in its discretion), each Lender shall pay to the Administrative Agent for the account of such Issuing Lender its Revolving Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of
such demand to the date such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the
Obligations and the termination of this Agreement. 
 2.9. Reimbursement Obligation of the Borrowers. Each Borrower agrees to
reimburse each Issuing Lender through the Administrative Agent on the Business Day next succeeding the Business Day on which such Issuing Lender notifies such Borrower of the date and amount of a draft presented under any Letter of Credit and paid
by such Issuing Lender for the amount of (a) such draft so paid and (b) any taxes, fees, charges or other costs or expenses incurred by such Issuing Lender in connection with such payment other than Excluded Taxes. Each such payment shall
be made to the Administrative Agent at its address for notices referred to herein in the relevant currency and in immediately available funds, unless (x) the applicable Issuing Lender (at its option) shall have specified in its notice to the
applicable Borrower that it will require reimbursement in Dollars or (y) in the absence of any such requirement that such Borrower reimburse the applicable Issuing Lender in Dollars, such Borrower shall have notified the applicable Issuing
Lender promptly following the notice of drawing that such Borrower will reimburse such Issuing Lender in Dollars; provided that, in the case of any such reimbursement in Dollars of any Letter or Credit denominated in a Foreign Currency, the
applicable Issuing Lender shall notify the applicable Borrower of the Exchange Rate for Dollars and the Foreign Currency used for payment of such Letter of Credit as of the date of the payment of the draft presented under such Letter of Credit by
such Issuing Lender with respect to the amount of the drawing in the Foreign Currency promptly following the determination thereof. If the applicable Borrower does not reimburse the applicable Issuing Lender for any draft paid by such Issuing Lender
under any Letter of Credit issued by such Issuing Lender in a Foreign Currency on the date required pursuant to the first sentence of this Section 2.9, such Issuing Lender shall convert such Reimbursement Obligation into Dollars at the rate of
exchange then available to such Issuing Lender in the interbank market where its foreign currency exchange operations in respect of such Foreign Currency are then being conducted and such Borrower shall thereafter be required to reimburse such
Issuing Lender in Dollars for such Reimbursement Obligation (in the amount so converted). Subject to the next succeeding sentence, interest shall be payable on any such amounts from the date on which the relevant draft is paid until payment in full
at the rate set forth in (i) until the Business Day next succeeding the date of the relevant notice, Section 2.20(b) and (ii) thereafter, Section 2.20(d). Interest shall be payable on any such amounts denominated in a Foreign
Currency from the date on which the relevant draft is paid until payment in full or conversion to Dollars as provided herein at the rate determined by the applicable Issuing Lender as its cost of funding such payment. 

2.10. Obligations Absolute. Each Borrower’s obligations under this Agreement to reimburse each Issuing Lender for each drawing
under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, including the following: 

(a) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document; 

  
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 (b) the existence of any claim, counterclaim, setoff, defense or other right that such Borrower
may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the applicable Issuing Lender or any other Person, whether in connection with
this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

(c) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of Credit; 

(d) waiver by such Issuing Lender of any requirement that exists for such Issuing Lender’s protection and not the protection of the
applicable Borrower or any waiver by such Issuing Lender which does not in fact materially prejudice the applicable Borrower; 
 (e) honor
of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of a draft; 
 (f) any
payment made by such Issuing Lender in respect of an otherwise complying item presented after the date specified as the expiration date of, or the date by which documents must be received under, such Letter of Credit if presentation after such date
is authorized by the UCC, the ISP or the UCP, as applicable; 
 (g) any payment by the applicable Issuing Lender under such Letter of Credit
against presentation of a draft or certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by the applicable Issuing Lender under such Letter of Credit to any Person purporting to be a trustee in
bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any
proceeding under any Debtor Relief Law; or 
 (h) any other circumstance or happening whatsoever, whether or not similar to any of the
foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower or any Subsidiary. 

Each Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of
any claim of noncompliance with such Borrower’s instructions or other irregularity, such Borrower will immediately notify the applicable Issuing Lender. Such Borrower shall be conclusively deemed to have waived any such claim against the
applicable Issuing Lender and its correspondents unless such notice is given as aforesaid. 
 2.11. Letter of Credit Payments. If any
draft shall be presented for payment under any Letter of Credit, the applicable Issuing Lender shall promptly notify the applicable Borrower and the Administrative Agent of the date and amount thereof. The responsibility of an Issuing Lender to the
applicable Borrower in connection with any draft presented for payment under any Letter of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including
each draft) delivered under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter of Credit. 

  
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 2.12. Applications; Applicability of ISP and UCP; Limitation of Liability. (a) To the
extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this Agreement, the provisions of this Agreement shall apply. 

(b) Unless otherwise expressly agreed by any Issuing Lender and the applicable Borrower when a Letter of Credit is issued (including any such
agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each trade Letter of Credit. Notwithstanding the foregoing, no
Issuing Lender shall be responsible to the applicable Borrower for, and each Issuing Lender’s rights and remedies against the applicable Borrower shall not be impaired by, any action or inaction of such Issuing Lender required or permitted
under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such Issuing Lender or the beneficiary is located, the practice stated in
the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International Financial Services Association (BAFT-IFSA), or the
Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice. 
 2.13.
Certain Reporting Requirements. Each Issuing Lender will report in writing to the Administrative Agent (i) on the fifth Business Day prior to the end of each fiscal quarter of the Company, the aggregate stated amount of Letters of Credit
issued by it and outstanding as of the last Business Day of the preceding week and (ii) on or prior to each Business Day on which an Issuing Lender expects to issue, renew or amend any Letter of Credit, the date of such issuance, renewal or
amendment and the aggregate stated amount of Letters of Credit to be issued by it and outstanding after giving effect to such issuance or amendment (and such Issuing Lender shall advise the Administrative Agent on such Business Day whether such
issuance, renewal or amendment occurred and whether the amount thereof changed). 
 2.13A. Role of Issuing Lender. Each Lender and
each Borrower agree that, in paying any drawing under a Letter of Credit, none of the Issuing Lenders shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of
Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of the Issuing Lenders, the Administrative Agent, any of their respective Related
Parties nor any correspondent, participant or assignee of any Issuing Lender shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as
applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or
Issuer Document. Each Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude
any Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement. None of the Issuing Lenders, the Administrative Agent, any of their respective Related Parties nor any
correspondent, participant or assignee of any Issuing Lender shall be liable or responsible for any of the matters described in clauses (a) through (e) of Section 2.10; provided, however, that anything in such clauses to the contrary
notwithstanding, such Borrower may have a claim against the applicable Issuing Lender, and such Issuing Lender may be liable to such Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages
suffered by such Borrower which such Borrower proves were 

  
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caused by such Issuing Lender’s willful misconduct or gross negligence or such Issuing Lender’s willful failure to pay under any Letter of Credit after the presentation to it by the
beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the Issuing Lender may accept documents that appear on their face to be in
order, without responsibility for further investigation, regardless of any notice or information to the contrary, and the Issuing Lender shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or
purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. Any Issuing Lender may send a Letter of Credit or conduct
any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary.

 2.14. Fees and Other Charges, etc. (a) The Company agrees to pay to the Administrative Agent for the account of each Lender,
subject to adjustment as provided in Section 2.37, a facility fee for the period from and including the date hereof to the last day of the Commitment Period, computed at the Facility Fee Rate on the actual daily amount of the Commitment of such
Lender (whether or not utilized) during the period for which payment is made, payable quarterly in arrears on the last day of each March, June, September and December and on the later of the Termination Date and the date the Commitments have been
terminated and the principal of and interest on each Loan, all fees and all other expenses or amounts payable under this Agreement shall have been paid in full. For the avoidance of doubt, if any Lender continues to have any Outstanding Extensions
of Credit after its Commitment terminates, then such facility fee shall continue to accrue on the daily amount of such Lender’s Outstanding Extensions of Credit from and including the date on which its Commitment terminates to but excluding the
date on which such Lender ceases to have any Outstanding Extensions of Credit. 
 (b) The applicable Borrower will pay a fee on all
outstanding Letters of Credit (the “Letter of Credit Fees”) issued for the account of such Borrower at a per annum rate equal to the Standby Letter of Credit Fee Rate or the Trade Letter of Credit Fee Rate, as applicable, computed
on the Dollar Equivalent of the maximum amount available to be drawn (as then in effect) under such Letter of Credit shared ratably among the Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date; provided,
however, any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the applicable Issuing Lender
pursuant to Section 2.36 shall be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their respective Revolving Percentages allocable to such Letter of Credit pursuant
to Section 2.37(a)(iv), with the balance of such fee, if any, payable to the applicable Issuing Lender for its own account. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter
of Credit shall be determined in accordance with Section 1.4. If there is any change in the Standby Letter of Credit Fee Rate or the Trade Letter of Credit Fee Rate, as applicable, during any quarter, the daily amount available to be drawn
under each Letter of Credit shall be computed and multiplied by the Standby Letter of Credit Fee Rate or the Trade Letter of Credit Fee Rate, as applicable, separately for each period during such quarter that such Standby Letter of Credit Fee Rate
or the Trade Letter of Credit Fee Rate, as applicable, was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at
the interest rate set forth in Section 2.20(d). The Borrowers shall pay directly to the applicable Issuing Lender for its own account a fronting fee (i) with respect to each commercial Letter of Credit, at the rate specified in the
applicable Fee Letter, computed on the amount of such Letter of Credit, and payable upon the issuance thereof, (ii) with respect to any amendment of a commercial Letter of Credit increasing the amount of such Letter of Credit, at a rate
separately agreed between the relevant Borrower and the applicable Issuing Lender, computed on the amount of such increase, and payable upon the effectiveness of such amendment, and (iii) with respect to each standby

  
 45 

 
Letter of Credit, at the rate per annum specified in the applicable Fee Letter, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears.
Such fronting fee shall be due and payable on each L/C Payment Date and thereafter on demand. 
 (c) In addition to the foregoing fees, the
applicable Borrower shall pay or reimburse each Issuing Lender for (i) customary letter of credit fronting fees as set forth in a Fee Letter between such applicable Borrower and any such Issuing Lender and (ii) such normal and customary
costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit issued for the account of such Borrower. Such customary fees and standard
costs and charges are due and payable on demand and are nonrefundable absent manifest error. 
 (d) The Company agrees to pay to the
Administrative Agent the fees in the amounts and on the dates previously agreed to in writing by the Company and the Administrative Agent. 

2.15. Optional Termination or Reduction of Commitments; Increase of Commitments. (a) The Company shall have the right, upon not less
than three Business Days’ notice to the Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of the Commitments; provided that no such termination or reduction of Commitments shall be permitted if,
after giving effect thereto and to any prepayments of the Revolving Loans, Swingline Loans and Euro Swingline Loans made on the effective date thereof, the Total Outstanding Extensions of Credit would exceed the Total Commitments. Any such reduction
shall be in an amount equal to $10,000,000, or an integral multiple of $1,000,000 in excess thereof, and shall reduce permanently the Commitments then in effect. Any reduction of the Total Commitments to an amount below the Multicurrency Sublimit
then in effect shall result in an automatic dollar-for-dollar reduction of the Multicurrency Sublimit. Any reduction of the Total Commitments shall result in an automatic pro rata reduction of the Aggregate Foreign Sublimit then in effect or
as otherwise directed by the Company and approved by the Administrative Agent. 
 (b) Following the Closing Date, so long as no Default or
Event of Default has occurred and is then continuing, the Company may request that the Total Commitments and, at the Company’s option, the aggregate amount of the Multicurrency Subcommitments, be increased and, upon such request, the
Administrative Agent shall have the right to solicit additional financial institutions to become Lenders for purposes of this Agreement, or to encourage any Lender to increase its Commitment and, if applicable, its Multicurrency Subcommitment,
provided that (i) each Lender which is a party to this Agreement prior to such increase shall have the first option, and may elect, to fund its pro rata share of the amount of the requested increase in the Total Commitment and, if
applicable, the aggregate amount of the Multicurrency Subcommitments (or any such greater amount in the event that one or more Lenders does not elect to fund its respective pro rata share of the amount of the requested increase in the Total
Commitments and, if applicable, its Multicurrency Subcommitment), thereby increasing its Commitment and, if applicable, its Multicurrency Subcommitment hereunder, but no Lender shall have any obligation to do so, (ii) in the event that it
becomes necessary to include a new financial institution to fund the amount of the requested increase in the Total Commitments and, if applicable, the aggregate amount of the Multicurrency Subcommitments, each such financial institution shall be
reasonably acceptable to the Administrative Agent, the Issuing Lenders and the Company (each such acceptance not to be unreasonably withheld) and each such financial institution shall become a Lender hereunder and agree to become party to, and shall
assume and agree to be bound by, this Agreement, subject to all terms and conditions hereof; (iii) the Administrative Agent shall not have any obligation to any Borrower or to any Lender to solicit additional financial institutions or any
increase in the Total Commitment and, if applicable, the Multicurrency Subcommitment of any Lender pursuant to this Section 2.15(b); (iv) in connection with any increase in the Multicurrency Subcommitment, such increase may, at the
Company’s 

  
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option, be dollar for dollar with any increase in the Total Commitment or in some lesser proportion thereof; and (v) in no event shall the addition of any Lender or Lenders or the increase
in the Commitment of any Lender under this Section 2.15(b) increase the Total Commitments to an amount greater than $850,000,000. Upon the addition of any Lender, or the increase in the Commitment of any Lender, Schedule 1.1 shall be amended by
the Administrative Agent and the Company to reflect such addition or such increase, and the Administrative Agent shall deliver to the Lenders, the Swingline Lender, the Euro Swingline Lender, the Issuing Lenders and the Borrower copies of such
Schedule 1.1. If, at any time that the Commitments are increased pursuant to this Section 2.15(b), there are Loans then outstanding or L/C Obligations, each new Lender, and each existing Lender that has increased its Commitment, shall purchase
Loans and L/C Obligations from each other Lender in an amount such that, after such purchase or purchases, the amount of outstanding Loans and L/C Obligations from each Lender shall equal such Lender’s respective Revolving Percentage, as
modified to give effect to such increase, multiplied by the aggregate amount of Loans outstanding and L/C Obligations from all Lenders. To the extent that any outstanding Loans bear interest at the Eurocurrency Rate, the Borrowers shall pay any
additional costs described in Section 2.26 incurred by any Lender. 
 2.16. Optional Prepayments. (a) Each Borrower may,
upon delivery of a Notice of Loan Prepayment to the Administrative Agent, at any time and from time to time prepay the Loans (other than Multicurrency Loans) outstanding to such Borrower, in whole or in part, without premium or penalty; provided
that such Notice of Loan Prepayment must be received by the Administrative Agent not later than 11:00 A.M., New York City time, three Business Days prior to the date of prepayment, in the case of Eurocurrency Loans denominated in Dollars, and not
later than 11:00 A.M., New York City time, one Business Day prior to the date of prepayment, in the case of ABR Loans. Each such Notice of Loan Prepayment shall specify the date and amount of prepayment and whether the prepayment is of Eurocurrency
Loans denominated in Dollars or ABR Loans; provided, that if a Eurocurrency Loan denominated in Dollars is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrowers shall also pay any amounts owing pursuant
to Section 2.26. Upon receipt of any Notice of Loan Prepayment, the Administrative Agent shall promptly notify each Lender thereof. If any Notice of Loan Prepayment is given, the amount specified in such Notice of Loan Prepayment shall be due
and payable on the date specified therein, together with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial prepayments of Dollar Revolving Loans shall be in an
aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof. Partial prepayments of Swingline Loans or Euro Swingline Loans shall be in an aggregate principal amount of $100,000 or a whole multiple thereof. 

(b) Each Borrower may, upon delivery of a Notice of Loan Prepayment to the Administrative Agent, at any time and from time to time prepay
Multicurrency Loans outstanding to such Borrower, in whole or in part, without premium or penalty; provided that such Notice of Loan Prepayment must be received by the Administrative Agent not later than 3:00 P.M., London time, three Business Days
before the date of prepayment (or four Business Days in the case of prepayment of Loans denominated in a Yen)) specifying the date and amount of prepayment. Upon receipt of any Notice of Loan Prepayment, the Administrative Agent shall promptly
notify each Multicurrency Lender thereof. If any such Notice of Loan Prepayment is given, the amount specified in such Notice of Loan Prepayment shall be due and payable on the date specified therein, together with any amounts payable pursuant to
Section 2.26 and accrued interest to such date on the amount prepaid. Partial prepayments of Multicurrency Loans shall be in a minimum principal amount of (w) £1,000,000 or a whole multiple of £100,000 in excess thereof, in the
case of Multicurrency Loans denominated in Sterling, (x) €1,000,000 or a whole multiple or €100,000 in excess thereof, in the case of Multicurrency Loans denominated in Euros, (y) C$1,000,000 or a whole multiple or C$100,000 in
excess thereof, in the case of Multicurrency Loans denominated in Canadian Dollars, and (z) Y100,000,000 or a whole multiple or Y10,000,000 in excess thereof, in the case of Multicurrency Loans denominated in Yen. 

  
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 2.17. Mandatory Prepayments. (a) If, on any Calculation Date, (i) the Total
Outstanding Extensions of Credit exceed the Total Commitments, (ii) the aggregate Foreign Borrower Exposure of all Foreign Borrowers exceeds 105% of the Aggregate Foreign Sublimit then in effect, or (iii) the Dollar Equivalent of the
Multicurrency Loans outstanding on such date exceeds 105% of the Multicurrency Sublimit on such date, the applicable Borrower or Borrowers shall, without notice or demand, immediately repay such of the outstanding Loans in an aggregate principal
amount such that, after giving effect thereto, (x) the Total Outstanding Extensions of Credit do not exceed the Total Commitments, (y) the aggregate Foreign Borrower Exposure of all Foreign Borrowers does not exceed the Aggregate Foreign
Sublimit then in effect and (z) the Dollar Equivalent of the Multicurrency Loans outstanding on such date is equal to or less than the Multicurrency Sublimit on such date, together with interest accrued to the date of such payment or prepayment
on the principal so prepaid and any amounts payable under Section 2.26 in connection therewith. Any prepayment of Dollar Revolving Loans pursuant to clause (i) of the immediately preceding sentence shall be applied to prepay any
outstanding Swingline Loans. Each Borrower may in lieu of prepaying Multicurrency Loans outstanding to such Borrower in order to comply with this paragraph deposit amounts in the relevant Foreign Currencies in a Cash Collateral Account, for the
benefit of the Multicurrency Lenders, equal to the aggregate principal amount of Multicurrency Loans of such Borrower required to be prepaid. To the extent that after giving effect to any prepayment of Loans required by this paragraph, the Total
Outstanding Extensions of Credit at such time exceed the Total Commitments at such time, the Company or the applicable Foreign Borrower shall, without notice or demand, immediately deposit in a Cash Collateral Account, for the benefit of the
Lenders, upon terms reasonably satisfactory to the Administrative Agent an amount equal to the amount of such remaining excess. The Administrative Agent shall apply any cash deposited in any Cash Collateral Account (to the extent thereof) to pay any
Reimbursement Obligations which are or become due thereafter and/or to repay Multicurrency Loans at the end of the Interest Periods therefor, as the case may be, provided that, (x) so long as no Event of Default has occurred and is continuing,
the Administrative Agent shall release to the relevant Borrower from time to time such portion of the amount on deposit in any Cash Collateral Account by such Borrower to the extent such amount is not required to be so deposited in order for the
Borrowers to be in compliance with this Section 2.17 and (y) the Administrative Agent may so apply such cash at any time after the occurrence and during the continuation of an Event of Default. “Cash Collateral Account”
means an account specifically established by the Borrowers with the Administrative Agent for purposes of this Section 2.17 and hereby pledged to the Administrative Agent and over which the Administrative Agent shall have exclusive dominion and
control, including the right of withdrawal for application in accordance with this Section 2.17. For the avoidance of doubt, any amounts paid by any Foreign Borrower shall be applied solely to the Loans of such Foreign Borrower or the
Reimbursement Obligations of such Foreign Borrower or deposited in the Cash Collateral Account in respect of Multicurrency Loans of such Foreign Borrower or in respect of Letters of Credit issued for the account of such Foreign Borrower. 

(b) If any prepayment occurs pursuant to this Section 2.17 on a day which is not the last day of the then current Interest Period with
respect thereto, the Borrowers shall pay to the Lenders such amounts, if any, as may be required pursuant to Section 2.26. 
 2.18.
Conversion and Continuation Options. (a) Each of the Borrowers may elect from time to time to convert (i) Eurocurrency Loans denominated in Dollars to ABR Loans by giving the Administrative Agent irrevocable notice of such election
not later than 11:00 A.M., New York City time, one Business Day prior to the date of conversion, provided that any such conversion of Eurocurrency Loans may only be made on the last day of an Interest Period with respect thereto and (ii) ABR
Loans to Eurocurrency Loans denominated in Dollars by giving the Administrative Agent irrevocable notice of such election (which shall specify the length of the initial Interest Period therefor) not later than 11:00 A.M., New York City time, three
Business Days prior to the date of conversion, which notice, in each case of clause (i) and (ii), may be given by (A) telephone or (B) a Conversion/Continuation Notice; 

  
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 provided that any telephonic notice must be confirmed promptly by delivery to the Administrative Agent of
Conversion/Continuation Notice. No ABR Loan may be converted into a Eurocurrency Loan when any Event of Default has occurred and is continuing and the Administrative Agent or the Required Lenders have determined in its or their sole discretion not
to permit such conversions. Upon receipt of any such Conversion/Continuation Notice the Administrative Agent shall promptly notify each relevant Lender thereof. 

(b) Any Eurocurrency Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the
relevant Borrower giving irrevocable notice to the Administrative Agent (which notice may be given by (i) telephone or (ii) a Conversion/Continuation Notice, provided that any telephonic notice must be confirmed promptly by delivery
to the Administrative Agent of a Conversion/Continuation Notice), in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to such
Loans, provided that no Eurocurrency Loan denominated in Dollars may be continued as such when any Event of Default has occurred and is continuing and the Administrative Agent has or the Required Lenders have determined in its or their sole
discretion not to permit such continuations, and provided, further, that if any Borrower shall fail to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso any such
Loans denominated in Dollars shall be automatically converted to ABR Loans on the last day of such then expiring Interest Period and, if any Borrower shall fail to give such notice of continuation of a Multicurrency Loan, such Multicurrency Loan
shall be automatically continued for an Interest Period of one month. Upon receipt of any Conversion/Continuation Notice, the Administrative Agent shall promptly notify each relevant Lender thereof. 

2.19. Limitations on Eurocurrency Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and
continuations of Eurocurrency Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such elections so that no more than 15 Eurocurrency Tranches shall be outstanding at any one time. 

2.20. Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period
with respect thereto at a rate per annum equal to the Eurocurrency Rate determined for such day, plus the Eurocurrency Applicable Margin. 

(b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR determined for such date, plus the ABR Applicable Margin.

 (c) (i) Swingline Loans shall bear interest at (A) Bank of America’s cost of funds, plus the Swingline Applicable Margin
or, if such rate is not available, then (B) the Federal Funds Effective Rate, plus the Swingline Applicable Margin; and 

(ii) Euro Swingline Loans shall bear interest at the Quoted Rate, plus the Swingline Applicable Margin. 

(d) (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated
maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this
Section 2.20 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any facility fee or other
amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to

  
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ABR Loans plus 2% (unless such overdue amount is denominated in a Foreign Currency, in which case such overdue amount shall bear interest of a rate per annum equal to the highest rate then
applicable under this Agreement to Multicurrency Loans denominated in such Foreign Currency plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well
after as before judgment). 
 (e) Interest shall be payable in arrears on each Interest Payment Date applicable thereto, provided that
interest accruing pursuant to Section 2.20(d) shall be payable from time to time on demand. Interest shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding
under any Debtor Relief Law. 
 2.21. Computation of Interest and Fees. (a) Interest and fees payable pursuant hereto shall be
calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to (i) ABR Loans, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed and
(ii) Multicurrency Loans denominated in Sterling or Canadian Dollars, interest shall be calculated on the basis of a 365-day year for actual days elapsed. The Administrative Agent shall as soon as practicable notify the applicable Borrowers and
the relevant Lenders of each determination of a Eurocurrency Rate. Any change in the interest rate on a Loan resulting from a change in the ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day
on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the applicable Borrowers and the relevant Lenders of the effective date and the amount of each such change in interest rate. Interest shall accrue
on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall,
subject to Section 2.23(c), bear interest for one day. 
 (b) Each determination of an interest rate by the Administrative Agent
pursuant to any provision of this Agreement shall be conclusive and binding on the applicable Borrowers and the relevant Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrowers, deliver to the
Borrowers a statement showing the quotations used by the Administrative Agent in determining any interest rate pursuant to Section 2.20(a). 

2.22. Inability to Determine Interest Rate. If prior to the first day of any Interest Period: 

(a) the Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Borrowers) that, by reason of
circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurocurrency Rate for such Interest Period with respect to a Eurocurrency Loan or in connection with an existing or proposed ABR Loan, 

(b) the Administrative Agent shall have received notice from the Required Lenders or Required Multicurrency Lenders, as the case may be, that
the Eurocurrency Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the cost to the relevant Lenders (as conclusively certified by such Lenders) of making or maintaining their affected Loans during
such Interest Period, or 
 (c) the Administrative Agent determines (which determination shall be conclusive and binding upon the Borrowers)
that deposits in the applicable currency are not generally available, or cannot be obtained by the relevant Lenders, in the applicable market (any Foreign Currency affected by the circumstances described in clause (a), (b) or (c) is
referred to as an “Affected Foreign Currency”), 

  
 50 

 
the Administrative Agent shall give facsimile or telephonic notice thereof to the Borrowers and the relevant Lenders as soon as practicable thereafter. If such notice is given (y) pursuant
to clause (a) or (b) of this Section 2.22 in respect of Eurocurrency Loans denominated in Dollars, then (i) any Eurocurrency Loans denominated in Dollars requested to be made on the first day of such Interest Period shall be made
as ABR Loans, (ii) any ABR Loans that were to have been converted on the first day of such Interest Period to Eurocurrency Loans denominated in Dollars shall be continued as ABR Loans and (iii) any outstanding Eurocurrency Loans
denominated in Dollars shall be converted, on the last day of the then- current Interest Period, to ABR Loans and (z) in respect of any Multicurrency Loans, then (i) any Multicurrency Loans in an Affected Foreign Currency requested to be
made on the first day of such Interest Period shall not be made and (ii) any outstanding Multicurrency Loans in an Affected Foreign Currency shall be due and payable on the first day of such Interest Period. In the event of a determination
described in the preceding sentence with respect to the Eurocurrency Rate component of the ABR, the utilization of the Eurocurrency Rate component in determining the ABR shall be suspended until the Administrative Agent (upon the instruction of the
Required Lenders or the Required Multicurrency Lenders, as the case may be) revokes such notice. Until such relevant notice has been withdrawn by the Administrative Agent, no further Eurocurrency Loans denominated in Dollars or Multicurrency Loans
in an Affected Foreign Currency shall be made or continued as such, nor shall the Borrower have the right to convert ABR Loans to Eurocurrency Loans denominated in Dollars. 

2.23. Pro Rata Treatment and Payments. (a) Subject to Section 2.31, (a) each borrowing by any Borrower of Dollar
Revolving Loans from the Lenders hereunder shall be made pro rata according to the respective Borrowing Percentages of the relevant Lenders, (b) each payment by any Borrower on account of any facility fee and any reduction of the Commitments of
the Lenders shall be made pro rata according to the respective Revolving Percentages of the relevant Lenders and (c) each borrowing by any Borrower of Multicurrency Loans from the Multicurrency Lenders hereunder and any reduction of the
Multicurrency Subcommitments of the Multicurrency Lenders shall be made pro rata according to the respective Multicurrency Percentages of the Multicurrency Lenders. 

(b) Subject to Section 2.31, (a) each payment (including each prepayment) by any Borrower on account of principal of and interest on
the Dollar Revolving Loans shall be made pro rata according to the respective outstanding principal amounts of the Dollar Revolving Loans then held by the Lenders and (b) each payment (including each prepayment) by any Borrower on account of
principal of and interest on the Multicurrency Loans shall be made pro rata according to the respective outstanding principal amounts of the Multicurrency Loans then held by the Multicurrency Lenders. 

(c) All payments (including prepayments) to be made by any Borrower, whether on account of principal, interest, fees or otherwise, shall be
made without deduction for any defense, recoupment, setoff or counterclaim and shall be made prior to 12:00 Noon, New York City time, on the due date thereof to the Administrative Agent, for the account of the relevant Lenders, at its Funding
Office, in Dollars (based on the Dollar Equivalent thereof in the case of fees payable under Section 2.14(b) with respect to Letters of Credit denominated in Foreign Currencies) and in immediately available funds (or, in the case of principal
or interest relating to Multicurrency Loans, prior to 3:00 P.M., London time, on the due date thereof to the Administrative Agent, for the account of the Multicurrency Lenders, at its Funding Office, in the relevant Foreign Currency and in
immediately available funds). The Administrative Agent shall distribute such payments to the relevant Lenders promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the Eurocurrency Loans) becomes due and
payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day. If any payment on a Eurocurrency Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended
to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any extension of
any payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable rate during such extension. 

  
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 (d) Unless the Administrative Agent shall have been notified in writing by any Lender prior to a
borrowing that such Lender will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount available to the Administrative
Agent, and the Administrative Agent may, in reliance upon such assumption, make available to the relevant Borrower a corresponding amount. If such amount is not made available to the Administrative Agent by the required time on the Borrowing Date
therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon at a rate equal to the Overnight Rate, plus any applicable administrative, processing or similar fees customarily charged by the Administrative
Agent in connection with the foregoing, for the period until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing under
this paragraph shall be conclusive in the absence of manifest error. If such Lender’s share of such borrowing is not made available to the Administrative Agent by such Lender within three Business Days after such Borrowing Date, the
Administrative Agent shall also be entitled to recover (i) in the case of amounts denominated in Dollars, such amount with interest thereon at the rate per annum applicable to ABR Loans, on demand, from the applicable Borrower or (ii) in
the case of amounts denominated in Foreign Currencies, such amount with interest thereon at a rate determined by the Administrative Agent to be the cost to it of funding such amount, on demand, from the applicable Borrower. If the applicable
Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to such Borrower the amount of such interest paid by such Borrower for such period. If
such Lender pays its share of the applicable borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such borrowing. Any payment by such Borrower shall be without prejudice to any claim
such Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. Any notice of the Administrative Agent to any Lender with respect to any amount owing under this subsection shall be conclusive, absent
manifest error. 
 (e) Unless the Administrative Agent shall have been notified in writing by the applicable Borrower prior to the date of
any payment due to be made by such Borrower hereunder that such Borrower will not make such payment to the Administrative Agent, the Administrative Agent may assume that such Borrower is making such payment, and the Administrative Agent may, but
shall not be required to, in reliance upon such assumption, make available to the relevant Lenders their respective pro rata shares of a corresponding amount. If such payment is not made to the Administrative Agent by the applicable Borrower within
three Business Days after such due date, the Administrative Agent shall be entitled to recover, on demand, from each relevant Lender to which any amount which was made available pursuant to the preceding sentence, such amount with interest thereon
at the rate per annum equal to the Overnight Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender against the Borrowers or any of them. Any notice of the Administrative Agent to any Borrower with respect
to any amount owing under this subsection shall be conclusive, absent manifest error. 
 (f) The obligations of the Lenders hereunder to
make Loans, to fund participations in Letters of Credit, Swingline Loans and Euro Swingline Loans and to make payments pursuant to Section 8.7 are several and not joint. The failure of any Lender to make any Loan, to fund any such participation
or to make any payment under Section 8.7 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make
its Loans, to purchase its participation or to make its payment under Section 8.7. 

  
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 (g) Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative
Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Section 2, and such funds are not made available to the applicable Borrower by the Administrative Agent because the conditions to the applicable
credit extension set forth in Section 4 are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

(h) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner
or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

2.24. Requirements of Law. (a) If the adoption of or any change in any Requirement of Law or in the interpretation or application
thereof or compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date hereof shall: 

(i) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses
(c) through (e) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its Loans, Letters of Credit, Commitments or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

 (ii) impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets
held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender that is not otherwise included in the determination of the
Eurocurrency Rate; or 
 (iii) impose on such Lender any other condition; 

and the result of any of the foregoing is to increase the cost to such Lender, by an amount that such Lender deems to be material, of making, converting into,
continuing or maintaining Loans or issuing or participating in Letters of Credit, or to reduce any amount receivable hereunder in respect thereof, then, in any such case, the applicable Borrowers shall promptly pay such Lender, upon its demand, any
additional amounts necessary to compensate such Lender for such increased cost or reduced amount receivable. If any Lender becomes entitled to claim any additional amounts pursuant to this paragraph, it shall promptly notify the applicable Borrowers
(with a copy to the Administrative Agent) of the event by reason of which it has become so entitled. 
 (b) If any Lender shall have
determined that the adoption of or any change in any Requirement of Law regarding capital adequacy or liquidity or in the interpretation or application thereof or compliance by such Lender or any corporation controlling such Lender with any request
or directive regarding capital adequacy or liquidity (whether or not having the force of law) from any Governmental Authority made subsequent to the date hereof shall have the effect of reducing the rate of return on such Lender’s or such
corporation’s capital as a consequence of its obligations hereunder or under or in respect of any Letter of Credit to a level below that which such Lender or such corporation could have achieved but for such adoption, change or compliance
(taking into consideration such Lender’s or such corporation’s policies with respect to capital adequacy) by an amount deemed by such Lender to be material, then from time to time, after submission by such Lender to the applicable
Borrowers (with a copy to the Administrative Agent) of a written request therefor, the applicable Borrowers shall pay to such Lender, as the case may be, such additional amount or amounts as will compensate such Lender or such corporation for such
reduction; provided that the applicable Borrowers shall not be required to 

  
 53 

 
compensate a Lender pursuant to this paragraph for any amounts incurred more than three months prior to the date that such Lender notifies the applicable Borrowers of such Lender’s intention
to claim compensation therefor; and provided, further that, if the circumstances giving rise to such claim have a retroactive effect, then such three-month period shall be extended to include the period of such retroactive effect. 

(c) If any Governmental Authority of the jurisdiction of any Foreign Currency (or any other jurisdiction in which the funding operations of
any Multicurrency Lender shall be conducted with respect to such Foreign Currency) shall have in effect any reserve, liquid asset or similar requirement with respect to any category of deposits or liabilities customarily used to fund loans in such
Foreign Currency, or by reference to which interest rates applicable to loans in such Foreign Currency are determined, and the result of such requirement shall be to increase the cost to such Multicurrency Lender of making or maintaining any
Multicurrency Loan in such Foreign Currency, and such Multicurrency Lender shall deliver to the applicable Borrowers a notice requesting compensation under this paragraph, then the applicable Borrowers will pay to such Multicurrency Lender on each
Interest Payment Date with respect to each affected Multicurrency Loan an amount that will compensate such Multicurrency Lender for such additional cost; provided, that the applicable Borrowers shall not be required to compensate a Multicurrency
Lender pursuant to this paragraph for any amounts incurred more than three months prior to the date that such Multicurrency Lender notifies the applicable Borrowers of such Multicurrency Lender’s intention to claim compensation therefor; and
provided further that, if the circumstances giving rise to such claim have a retroactive effect, then such three-month period shall be extended to include the period of such retroactive effect. 

(d) A certificate as to any additional amounts payable pursuant to this Section 2.24 submitted by any Lender to the applicable Borrowers
(with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. The obligations of any one or more Borrowers pursuant to this Section 2.24 shall survive the termination of this Agreement and the payment of the
Loans and all other amounts payable hereunder. 
 (e) Notwithstanding any other provision of this Agreement, if, (i) (A) the
adoption of any law, rule or regulation after the date of this Agreement, (B) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or
(C) compliance by any Lender with 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, shall make it unlawful for any such Multicurrency
Lender to make or maintain any Multicurrency Loan or to give effect to its obligations as contemplated hereby with respect to any Multicurrency Loan, or (ii) there shall have occurred any change in national or international financial, political
or economic conditions (including the imposition of or any change in exchange controls, but excluding conditions otherwise covered by this Section 2.24) which would make it impracticable for the Required Multicurrency Lenders to make or
maintain Multicurrency Loans denominated in the relevant currency after the date hereof to, or for the account of, any Borrower, then, by written notice to the Borrowers and to the Administrative Agent: 

(i) such Multicurrency Lender or Multicurrency Lenders may declare that Multicurrency Loans (in the affected currency or
currencies) will not thereafter (for the duration of such unlawfulness) be made by such Multicurrency Lender or Multicurrency Lenders hereunder (or be continued for additional Interest Periods), whereupon any request for a Multicurrency Loan (in the
affected currency or currencies) or to continue a Multicurrency Loan (in the affected currency or currencies), as the case may be, for an additional Interest Period shall, as to such Multicurrency Lender or Multicurrency Lenders only, be of no force
and effect, unless such declaration shall be subsequently withdrawn; and 

  
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 (ii) such Multicurrency Lender may require that all outstanding Multicurrency
Loans (in the affected currency or currencies), made by it be converted to ABR Loans or Loans denominated in Dollars, as the case may be (unless repaid by the relevant Borrowers), in which event all such Multicurrency Loans (in the affected currency
or currencies) shall be converted to ABR Loans or Loans denominated in Dollars, as the case may be, as of the effective date of such notice as provided in paragraph (g) below and at the Exchange Rate on the date of such conversion or, at the
option of the relevant Borrower, repaid on the last day of the then current Interest Period with respect thereto or, if earlier, the date on which the applicable notice becomes effective. 

In the event any Multicurrency Lender shall exercise its rights under (i) or (ii) above, all payments and prepayments of principal that would
otherwise have been applied to repay the converted Multicurrency Loans of such Multicurrency Lender shall instead be applied to repay the ABR Loans or Loans denominated in Dollars, as the case may be, made by such Multicurrency Lender resulting from
such conversion. 
 Notwithstanding any other provision of this Agreement, no Lender shall be obligated to make any Loan to a Foreign
Borrower, and no Issuing Lender shall be obligated to issue, extend or renew a Letter of Credit for the account of any Foreign Borrower, if (i) the adoption of any law, rule or regulation after the date of this Agreement, (ii) any change
in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (iii) compliance by any Lender with 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, shall make it unlawful for such Lender to make such Loan to a Foreign Borrower or such Issuing Lender to issue, extend or renew a Letter of Credit issued
for the account of such Foreign Borrower. 
 (f) For purposes of Section 2.24(e), a notice to the Borrowers by any Lender shall be
effective as to each Loan to a Foreign Borrower or Multicurrency Loan made by such Multicurrency Lender, as the case may be, if lawful, on the last day of the Interest Period currently applicable to the Loans to such Foreign Borrower or such
Multicurrency Loan, as the case may be; in all other cases such notice shall be effective on the date of receipt thereof by the Borrowers. 

(g) The obligations of the Foreign Borrowers under this Section 2.24 shall be subject to the provisions of Section 2.35. 

2.25. Taxes. 
 (a)
Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrowers hereunder or under any other Loan Document shall to the extent permitted by
applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, applicable Laws (as determined in the good faith discretion of the Administrative Agent) require the Borrowers or the Administrative Agent to
withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with such Laws as determined by the Borrowers or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered
pursuant to subsection (e) below. 
 (ii) If any of the Borrowers or the Administrative Agent shall be required by the
Code to withhold or deduct any Taxes, including both United States Federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the
Administrative Agent to be required based upon the information and documentation it has received pursuant to subsection (e) below, 

  
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(B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with the Code, and (C) to the extent that the
withholding or deduction is made on account of Indemnified Taxes, the sum payable by the Borrowers shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to
additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made. 

(iii) If any of the Borrowers or the Administrative Agent shall be required by any applicable Laws other than the Code to
withhold or deduct any Taxes from any payment, then (A) such Borrower or the Administrative Agent, as required by such Laws, shall withhold or make such deductions as are determined by it to be required based upon the information and
documentation it has received pursuant to subsection (e) below, (B) such Borrower or the Administrative Agent, to the extent required by such Laws, shall timely pay the full amount withheld or deducted to the relevant Governmental
Authority in accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required
withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 2.25) the applicable Recipient receives an amount equal to the sum it would have received had no such
withholding or deduction been made. 
 (b) Payment of Other Taxes by the Borrower. Without limiting the provisions of subsection
(a) above, the Borrowers shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Laws, or at the option of the Administrative Agent timely reimburse it for the payment of any Other Taxes. 

(c) Tax Indemnifications. (i) Without limiting the provisions of subsection (a) or (b) above, but subject to the terms and
conditions contained herein, each Borrower shall, and does hereby, jointly and severally indemnify each Recipient, and shall make payment in respect thereof within 10 days after demand therefor, for the full amount of any Indemnified Taxes
(including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 2.25) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties,
interest and reasonable expenses arising therefrom or with respect thereto. Nothing in the preceding sentence shall preclude any Borrower from taking any and all steps at its own expense to contest or seek a refund of any Indemnified Taxes that such
Borrower believes in good faith to have been erroneously imposed or assessed and to retain any refund so obtained. A certificate as to the amount of any such payment or liability delivered to the Borrowers by a Lender or any Issuing Lender (with a
copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Lender, shall be conclusive absent manifest error. Each Borrower shall, and does hereby, jointly and severally indemnify the
Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, for any amount which a Lender or any Issuing Lender for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to
Section 2.25(c)(ii) below. 
 (ii) Each Lender and each Issuing Lender shall, and does hereby, severally indemnify, and
shall make payment in respect thereof within 10 days after demand therefor, (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender or such Issuing Lender (but only to the extent that any Borrower has not already
indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of such Borrower to do so), (y) the Administrative Agent and each Borrower, as applicable, against any Taxes attributable to such Lender’s
failure to comply with the provisions of Section 9.6(c) 

  
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relating to the maintenance of a Participant Register and (z) the Administrative Agent and each Borrower, as applicable, against any Excluded Taxes attributable to such Lender or such
Issuing Lender, in each case, that are payable or paid by the Administrative Agent or a Borrower in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender or Issuing Lender by the Administrative Agent shall be conclusive absent manifest error. Each
Lender and each Issuing Lender hereby authorize the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or such Issuing Lender, as the case may be, under this Agreement or any other Loan Document against
any amount due to the Administrative Agent under this clause (ii). Each Lender and Issuing Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or Issuing Lender, as the case may
be, under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii). 
 (d)
Evidence of Payments. Upon request by the Borrowers or the Administrative Agent, as the case may be, after any payment of Taxes by the Borrowers or by the Administrative Agent to a Governmental Authority as provided in this Section 2.25,
the Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to the Borrowers, as the case may be, the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a
copy of any return required by Laws to report such payment or other evidence of such payment reasonably satisfactory to the Borrowers or the Administrative Agent, as the case may be. 

(e) Status of Lenders; Tax Documentation. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax
with respect to payments made under any Loan Document shall deliver to the Company and the Administrative Agent, at the time or times prescribed by applicable Laws or when reasonably requested by the Company or the Administrative Agent, such
properly completed and executed documentation (and information) prescribed by applicable Law or the taxing authorities of a jurisdiction pursuant to such applicable Law or reasonably requested by the Company or the Administrative Agent as will
permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Company or the Administrative Agent, shall deliver such other documentation prescribed by applicable Law
or reasonably requested by the Company or the Administrative Agent as will enable the Company or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding
anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation either (A) set forth in Section 2.25(e)(ii)(A), (ii)(B) and (ii)(D)
below or (B) required by applicable Law other than the Code or the taxing authorities of the jurisdiction pursuant to such applicable Law to comply with the requirements for exemption or reduction of withholding tax in that jurisdiction) 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. 
 (ii) Without limiting the generality of the foregoing, in the event that a Borrower is a U.S. Person, 

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

  
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 (B) any Foreign Lender shall, to the extent it is legally entitled to do so,
deliver to the Company and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon
the reasonable request of the Company or the Administrative Agent), whichever of the following is applicable: 
 (i) in the
case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed and properly completed copies of IRS Form W-8BENE (or
W-8BEN, as applicable) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document,
IRS Form W-8BENE (or W-8BEN, as applicable) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(ii) executed and properly completed copies of IRS Form W-8ECI; 

(iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c)
of the Code, (x) a certificate substantially in the form of Exhibit J-1to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the
Company within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed and
properly completed copies of IRS Form W-8BENE (or W- 8BEN, as applicable); or 
 (iv) to the extent a Foreign Lender is not
the beneficial owner, executed copies of properly completed IRS Form W-8IMY, accompanied by properly completed IRS Form W-8ECI, IRS Form W-8BENE (or W-8BEN, as applicable), a U.S. Tax Compliance Certificate substantially in the form of Exhibit J-2
or Exhibit J-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming
the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit J-4 on behalf of each such direct and indirect partner; 

(v) executed copies of any other form prescribed by applicable Laws as a basis for claiming exemption from or a reduction in
United States Federal withholding tax together with such supplementary documentation as may be prescribed by applicable Laws to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made. 

  
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 (C) any Foreign Lender shall, to the extent it is legally entitled to do so,
deliver to the Company and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon
the reasonable request of the Company or the Administrative Agent), executed and properly completed copies of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly
completed, together with such supplementary documentation as may be prescribed by applicable Law to permit the Company or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if
such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Company and the Administrative Agent
at the time or times prescribed by Law and at such time or times reasonably requested by the Company 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 Company or the Administrative Agent as may be necessary for the Company and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date
of this Agreement. For purposes of determining withholding Taxes imposed under the FATCA, from and after Closing Date, the Loan Parties and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat)
this Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 

(iii) Each Lender agrees that if any form or certification it previously delivered pursuant to this Section 2.25
expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Company and the Administrative Agent in writing of its legal inability to do so. Each Lender shall promptly take such steps
as shall not be materially disadvantageous to it, in the reasonable judgment of such Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement of applicable Laws of any jurisdiction that
the Borrowers or the Administrative Agent make any withholding or deduction for taxes from amounts payable to such Lender. 
 (f)
Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or any Issuing Lender, or have any obligation to pay to any
Lender or any Issuing Lender, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or such Issuing Lender, as the case may be. If any Recipient receives a refund of any Taxes as to which it has been indemnified by
the Borrowers or with respect to which the Borrowers have paid additional amounts pursuant to this Section 2.25, it shall pay to the Borrowers an amount equal to such refund (but only to the extent of indemnity payments made, or additional
amounts paid, by the Borrowers under this Section 2.25 with respect to the Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses (included Taxes) incurred by such Recipient and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund), provided that the Borrowers, upon the request of the Recipient, agree to repay the amount paid over to the Borrowers (plus any penalties, interest or other

  
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charges imposed by the relevant Governmental Authority) to the Recipient in the event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to
the contrary in this subsection, in no event will the applicable Recipient be required to pay any amount to such Loan Party pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than
such Recipient would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never
been paid. This subsection shall not be construed to require any Recipient to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrowers or any other Person. 

(g) Survival. The agreements in this Section 2.25 shall survive the termination of this Agreement and the payment of the Loans and
all other amounts payable hereunder. 
 2.26. Indemnity. Each Borrower agrees to indemnify each Lender for, and to hold each Lender
harmless from, any loss or expense relating to changes in interest rates that such Lender may sustain or incur as a consequence of (a) default by such Borrower in making a borrowing of, conversion into or continuation of Eurocurrency Loans
after such Borrower has given a notice requesting the same in accordance with the provisions of this Agreement, (b) default by such Borrower in making any prepayment of or conversion from Eurocurrency Loans after such Borrower has given a
notice thereof in accordance with the provisions of this Agreement or (c) the making of a prepayment of Eurocurrency Loans on a day that is not the last day of an Interest Period with respect thereto. Such indemnification shall be exclusive of
administrative costs and expenses and may include an amount equal to the excess, if any, of (i) the amount of interest that would have accrued on the amount so prepaid, or not so borrowed, converted or continued, for the period from the date of
such prepayment or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow, convert or continue, the Interest Period that would have commenced on the date of such failure) in
each case at the applicable rate of interest for such Loans provided for herein (excluding, however, the applicable margin included therein, if any) over (ii) the amount of interest (as reasonably determined by such Lender) that would have
accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank Eurocurrency market. A certificate as to any amounts payable pursuant to this Section 2.26 submitted to the
relevant Borrower by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 

2.27. Change of Lending Office. Each Lender and Issuing Lender agrees that, upon the occurrence of any event giving rise to the
operation of Section 2.24 or 2.25 with respect to such Lender or Issuing Lender, it will, if requested by the Borrowers, use reasonable efforts (subject to overall policy considerations of such Lender) to designate another Lending Office for
any Loans or Letters of Credit affected by such event with the object of avoiding the consequences of such event; provided, that such designation is made on terms that, in the sole judgment of such Lender or Issuing Lender, cause such Lender or
Issuing Lender and its lending office(s) to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing in this Section 2.27 shall affect or postpone any of the obligations of the any Borrower or the rights of any
Lender or Issuing Lender pursuant to Section 2.24 or 2.25. 
 2.28. Replacement of Lenders. The Borrowers shall be permitted to
replace any Lender that (a) requests reimbursement for amounts owing pursuant to Section 2.24 or 2.25, (b) is a Defaulting Lender, (c) is a Lender that does not approve any consent, waiver or amendment that (x) requires the
approval of all Lenders or all affected Lenders in accordance with the terms of Section 9.1 and (y) has been approved by the Required Lenders or (d) cannot make Loans to a Foreign Borrower as a result of the circumstances described in
the last paragraph of Section 2.24(e), with a replacement financial institution; provided that (i) such replacement does not conflict with any Requirement of Law, (ii) no 

  
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Event of Default shall have occurred and be continuing at the time of such replacement, (iii) prior to any such replacement, such Lender shall have taken no action under Section 2.27 so
as to eliminate the continued need for payment of amounts owing pursuant to Section 2.24 or 2.25, (iv) the replacement financial institution shall purchase, at par (unless the Lender being replaced otherwise agrees in its discretion), all
Loans and other amounts owing to such replaced Lender on or prior to the date of replacement, (v) the relevant Borrowers shall be liable to such replaced Lender under Section 2.26 if any Eurocurrency Loan owing to such replaced Lender
shall be purchased other than on the last day of the Interest Period relating thereto, (vi) the replacement financial institution, if not already a Lender, shall be reasonably satisfactory to the Administrative Agent, (vii) the replaced
Lender shall be obligated to make such replacement in accordance with the provisions of Section 9.6 (provided that the Borrowers shall be obligated to pay the registration and processing fee referred to therein), (viii) until such time as
such replacement shall be consummated, the relevant Borrowers shall pay all additional amounts (if any) required pursuant to Section 2.24 or 2.25, as the case may be, and (ix) any such replacement shall not be deemed to be a waiver of any
rights that the Borrowers, the Administrative Agent or any other Lender shall have against the replaced Lender. 
 2.29. Judgment
Currency. (a) If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it may effectively do so,
that the rate of exchange used shall be that at which, in accordance with normal banking procedures in the relevant jurisdiction, the first currency could be purchased with such other currency on the Business Day immediately preceding the day on
which final judgment is given. 
 (b) The obligations of any Borrower in respect of any sum due to any party hereto or any holder of the
obligations owing hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the
“Agreement Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in accordance with
normal banking procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor in the Agreement
Currency, the applicable Borrowers as a separate obligation and notwithstanding any such judgment, agrees to indemnify the Applicable Creditor against such loss. The obligations of each Borrower contained in this Section 2.29 shall survive the
termination of this Agreement and the payment of all other amounts owing hereunder. 
 2.30. Foreign Currency Exchange Rate.
(a) No later than 1:00 P.M., New York City time, on each Calculation Date with respect to a Foreign Currency, the Administrative Agent shall determine the Exchange Rate as of such Calculation Date with respect to such Foreign Currency, provided
that, upon receipt of a borrowing request pursuant to Section 2.2(b)(ii), the Administrative Agent shall determine the Exchange Rate with respect to the relevant Foreign Currency on the related Calculation Date (it being acknowledged and agreed
that the Administrative Agent shall use such Exchange Rate for the purposes of determining compliance with Section 2.1 with respect to such borrowing request). The Exchange Rates so determined shall become effective on the relevant Calculation
Date (a “Reset Date”), shall remain effective until the next succeeding Reset Date and shall for all purposes of this Agreement (other than Section 2.9, 2.14(b), 2.24(e), 2.29 and any other provision requiring the use of a
current Exchange Rate) be the Exchange Rates employed in converting any amounts between Dollars and Foreign Currencies. 
 (b) No later than
5:00 P.M., New York City time, on each Reset Date, the Administrative Agent shall determine the aggregate amount of the Dollar Equivalents of the principal amounts of the relevant Multicurrency Loans then outstanding (after giving effect to any
Multicurrency Loans to be made or repaid on such date). 
 (c) The Administrative Agent shall promptly notify the Borrowers of each
determination of an Exchange Rate hereunder. 

  
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 2.31. Certain Borrowings of Dollar Revolving Loans and Refunding of Multicurrency Loans.
(a) If on any Borrowing Date on which a Borrower has requested the Multicurrency Lenders to make Multicurrency Loans (the “Requested Multicurrency Loans”), (i) the principal amount of the Requested Multicurrency Loans to
be made by any Multicurrency Lender exceeds the Available Commitment of such Multicurrency Lender (before giving effect to the making and payment of any Dollar Revolving Loans required to be made pursuant to this Section 2.31 on such Borrowing
Date), (ii) the Dollar Equivalent of the principal amount of such Requested Multicurrency Loans, when added to the Dollar Equivalent of the outstanding principal amount of all other Multicurrency Loans, does not exceed the Multicurrency
Sublimit and (iii) the Dollar Equivalent of the amount of the excess described in the foregoing clause (i) is less than or equal to the Available Commitments of the Lenders (before giving effect to the making and payment of any Loans
pursuant to this Section 2.31 on such Borrowing Date), each Lender (other than Multicurrency Lenders) shall make a Dollar Revolving Loan to such Borrower on such Borrowing Date in accordance with the applicable provisions hereof, and the
proceeds of such Dollar Revolving Loans shall be simultaneously applied to repay outstanding Dollar Revolving Loans of such Multicurrency Lenders in each case in amounts such that, after giving effect to (1) such borrowings and repayments and
(2) the borrowing from such Multicurrency Lenders of the Requested Multicurrency Loans, the excess described in the foregoing clause (i) will be eliminated. To effect such borrowings and repayments, (x) not later than 12:00 Noon, New
York City time, on such Borrowing Date, the proceeds of such Dollar Revolving Loans denominated in Dollars shall be made available by each Lender (other than the Multicurrency Lenders) to the Administrative Agent at the Funding Office in Dollars and
in immediately available funds and the Administrative Agent shall apply the proceeds of such Dollar Revolving Loans toward repayment of outstanding Dollar Revolving Loans of such Multicurrency Lenders and (y) concurrently with the repayment of
such Dollar Revolving Loans on such Borrowing Date, (I) such Multicurrency Lenders shall, in accordance with the applicable provisions hereof, make the Requested Multicurrency Loans in an aggregate amount equal to the amount so requested by the
applicable Borrower and (II) the applicable Borrower shall pay to the Administrative Agent for the account of the Multicurrency Lenders whose Dollar Revolving Loans to such Borrower are repaid on such Borrowing Date pursuant to this
Section 2.31 all interest accrued on the amounts repaid to the date of repayment, together with any amounts payable pursuant to Section 2.26 in connection with such repayment. 

(b) If any borrowing of Dollar Revolving Loans is required pursuant to this Section 2.31, a Borrower shall notify the Administrative
Agent in the manner provided for Dollar Revolving Loans in Section 2.2(a), except that the minimum borrowing amounts and threshold multiples in excess thereof applicable to ABR Loans set forth in subsection 2.2(a) shall not be applicable to the
extent that such minimum borrowing amounts exceed the amounts of Dollar Revolving Loans required to be made pursuant to this Section 2.31. 

2.32. Evidence of Debt. The Loans and other extensions of credit made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Loans
and other extensions of credit made by the Lenders to each Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of each Borrower hereunder to
pay any amount owing with respect to the Obligations. In the 

  
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event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of
the Administrative Agent shall control in the absence of manifest error. If any Borrower issues a Note to a Lender (which shall occur only upon the request by a Lender to the relevant Borrower made through the Administrative Agent), such Borrower
shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s Loans to such Borrower in addition to such accounts or records. Each Lender may attach schedules to a Note and endorse
thereon the date, Type (if applicable), amount, currency and maturity of its Loans and payments with respect thereto. In addition to the accounts and records referred to above, each Lender and the Administrative Agent shall maintain in accordance
with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit, Euro Swingline Loans and Swingline Loans. In the event of any conflict between the accounts and records maintained
by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 

2.33. Addition of Foreign Borrowers; Termination of Foreign Borrowers. 

(a) The Company may at any time, upon not less than 15 Business Days’ notice from the Company to the Administrative Agent (or such
shorter period (but in no event less than 7 Business Days) as may be agreed by the Administrative Agent in its sole discretion), designate any wholly-owned Foreign Subsidiary of the Company (an “Applicant Borrower”) as a Foreign
Borrower to receive Loans and Letters of Credit hereunder by delivering to the Administrative Agent (which shall promptly deliver counterparts thereof to each Lender) a duly executed notice and agreement in substantially the form of Exhibit K (a
“Foreign Borrower Request and Assumption Agreement”), which shall specify, among other things, the notice address of such Applicant Borrower and information of the type described in Section 9.16 with respect to the Applicant
Borrower; provided that the Aggregate Foreign Sublimit shall not exceed $250,000,000; and provided, further, that no Applicant Borrower shall become a Foreign Borrower hereunder if any Lender, within 7 Business Days’ of receipt by the Lenders
of a Foreign Borrower Request and Assumption Agreement with respect to such Applicant Borrower, shall determine in good faith that it is unlawful, or any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable
lending office to make, maintain or fund Loans to such Applicant Borrower or to participate in Letters of Credit issued for the account of such Applicant Borrower. The parties hereto acknowledge and agree that prior to any Applicant Borrower
becoming entitled to utilize the credit facilities as a Foreign Borrower as provided for herein the Administrative Agent and the Lenders shall have received such supporting resolutions, incumbency certificates, opinions of counsel and other
documents or information (including an affirmation of the Company Guarantee by the Company and the execution of any applicable Issuing Lender Agreement by such Applicant Borrower), in each case in form, content and scope reasonably satisfactory to
the Administrative Agent, as may be reasonably required by the Administrative Agent, and Notes signed by such new Foreign Borrowers to the extent any Lenders so request. Upon the satisfaction of the conditions specified herein, an Applicant Borrower
shall be entitled to receive Loans and Letters of Credit as a Foreign Borrower hereunder, and promptly following receipt of all such requested resolutions, incumbency certificates, opinions of counsel and other documents or information, the
Administrative Agent shall send a notice in substantially the form of Exhibit L (a “Foreign Borrower Notice”) to the Company and the Lenders specifying the effective date upon which the Applicant Borrower shall constitute a Foreign
Borrower for purposes hereof, whereupon each of the Lenders agrees to permit such Foreign Borrower to receive Loans and Letters of Credit hereunder, on the terms and conditions set forth herein, and each of the parties agrees that such Foreign
Borrower otherwise shall be a Foreign Borrower for all purposes of this Agreement; provided that no Loan notices or Applications may be submitted by or on behalf of such Foreign Borrower until the date five Business Days after such effective date

  
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 (b) The Obligations of all Foreign Borrowers shall be several in nature. The Obligations of each
of the Foreign Borrowers (including any Foreign Borrower which become a party to this Agreement after the Closing Date in accordance with this Section 2.33) shall be guaranteed by the Company pursuant to Section 2.34 and by each Subsidiary
Guarantor pursuant to the Guarantee. 
 (c) Each Foreign Subsidiary of the Company that is or becomes a “Foreign Borrower”
pursuant to this Section 2.33 hereby irrevocably appoints the Company as its agent for all purposes relevant to this Agreement and each of the other Loan Documents, including (i) the giving and receipt of notices, (ii) the execution
and delivery of all documents, instruments and certificates contemplated herein and all modifications hereto, and (iii) the receipt of the proceeds of any Loans made by the Lenders, to any such Foreign Borrower hereunder. Any acknowledgment,
consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken only by the Company, whether or
not any such other Borrower joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered to the Company in accordance with the terms of this Agreement shall be deemed to have been delivered
to each Foreign Borrower. Notwithstanding the foregoing in this clause (c), each Foreign Borrower shall have the right, individually, to request and receive Loans to be made to such Foreign Borrower and request and have Letters of Credit be issued
for the account of such Foreign Borrower and to make payments in respect thereof, all in accordance with the terms of this Agreement. 
 (d)
The Company may from time to time, upon not less than 5 Business Days’ notice from the Company to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), terminate a Foreign
Borrower’s status as such, provided that there are no outstanding Loans payable by such Foreign Borrower, or Letters of Credit issued for the account of such Borrower, or other amounts payable by such Foreign Borrower on account of any Loans
made to it, as of the effective date of such termination. The Administrative Agent will promptly notify the Lenders of any such termination of a Foreign Borrower’s status. 

(e) In such event that a Foreign Borrower is designated as such or its status as such is terminated pursuant to the terms of this
Section 2.33, the Administrative Agent is hereby authorized by the parties hereto to amend Schedule 1 to include or remove, as the case may be, each such Foreign Borrower. The Administrative Agent shall distribute to the Lenders an amended
Schedule 1. 
 2.34. Guarantee by Company of Foreign Obligations. 

(a) The Company hereby unconditionally and irrevocably guarantees to the Administrative Agent, for the ratable benefit of the Lenders and
their respective successors, indorsees, transferees and assigns, the prompt and complete payment and performance by each Foreign Borrower when due (whether at the stated maturity, by acceleration or otherwise) of the Foreign Obligations of each such
Foreign Borrower including, without limitation, the Obligations of each Foreign Borrower that becomes party to this Agreement after the Closing Date in accordance with Section 2.33. This Guarantee shall remain in full force and effect until all
of the Foreign Obligations and the obligations of each Foreign Borrower under this Agreement and the other Loan Documents shall have been satisfied by irrevocable payment in full in cash, no Letter of Credit shall be outstanding for the account of
any Foreign Borrower and the Commitments shall be terminated, notwithstanding that from time to time during the term of this Agreement the Foreign Borrowers, or any of them, may be free from any Foreign Obligations. 

(b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of the Company hereunder and under
the other Loan Documents shall in no event 

  
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exceed the amount which can be guaranteed by the Company under applicable federal and state laws relating to the insolvency of debtors. The Company agrees that the Foreign Obligations may at any
time and from time to time exceed the amount of the liability of the Company hereunder without impairing this guarantee or affecting the rights and remedies of the Administrative Agent or any Lender hereunder. 

(c) No payment made by any Foreign Borrower, any other guarantor or any other Person or received or collected by the Administrative Agent or
any Lender from any Foreign Borrower, any other guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Foreign
Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of the Company under this Section 2.34 which shall, notwithstanding any such payment (other than any payment made by the Company in respect of the Foreign
Obligations or any payment received or collected from the Company in respect of the Foreign Obligations), remain liable for all Foreign Obligations up to the maximum liability of the Company under this Section 2.34 until the Foreign Obligations
are paid in full, no Letter of Credit shall be outstanding for the account of any Foreign Borrower and the Commitments are terminated. 

(d) Notwithstanding any payment made by the Company hereunder or any set-off or application of funds of the Company by the Administrative
Agent or any Lender, the Company shall not be entitled to be subrogated to any of the rights of the Administrative Agent or any Lender against any Foreign Borrower or any other guarantor or any collateral security or guarantee or right of offset
held by the Administrative Agent or any Lender for the payment of the Foreign Obligations, nor shall the Company seek or be entitled to seek any contribution or reimbursement from any Foreign Borrower or any other guarantor in respect of payments
made by such guarantor, until all amounts owing to the Administrative Agent and the Lenders by each Foreign Borrower on account of the Foreign Obligations are paid in full, no Letter of Credit shall be outstanding for the account of any Foreign
Borrower and the Commitments are terminated. If any amount shall be paid to the Company on account of such subrogation rights at any time when all of the Foreign Obligations shall not have been paid in full, such amount shall be held by the Company
in trust for the Administrative Agent and the Lenders, segregated from other funds of the Company, and shall, forthwith upon receipt by the Company, be turned over to the Administrative Agent in the exact form received by the Company (duly indorsed
by the Company to the Administrative Agent, if required), to be applied against the Foreign Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. 

(e) The Company shall remain obligated hereunder notwithstanding that, without any reservation of rights against the Company and without
notice to or further assent by the Company, any demand for payment of any of the Foreign Obligations made by the Administrative Agent or any Lender may be rescinded by the Administrative Agent or such Lender and any of the Foreign Obligations
continued, and the Foreign Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be
renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by the Administrative Agent or any Lender, and this Agreement and the other Loan Documents and any other documents executed and delivered in connection
therewith may be amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required Lenders or all Lenders, as the case may be) may deem advisable from time to time, and any collateral security,
guarantee or right of offset at any time held by the Administrative Agent or any Lender for the payment of the Foreign Obligations may be sold, exchanged, waived, surrendered or released. Neither the Administrative Agent nor any Lender shall have
any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Foreign Obligations or for the guarantee in this Section 2.34 or any property subject thereto. 

  
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 (f) The Company waives any and all notice of the creation, renewal, extension or accrual of any
of the Foreign Obligations and notice of or proof of reliance by the Administrative Agent or any Lender upon the guarantee contained in this Section 2.34 or acceptance of the guarantee contained in this Section 2.34; the Foreign
Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon, the guarantee contained in this Section 2.34; and all dealings between the
Foreign Borrowers and the Company, on the one hand, and the Administrative Agent and the Lenders, on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained in this
Section 2.34. The Company waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon any of the Foreign Borrowers with respect to the Foreign Obligations. The Company understands and agrees that
the guarantee contained in this Section 2.34 shall be construed as a continuing, absolute and unconditional guarantee of payment without regard to (a) the validity or enforceability of this Agreement or any other Loan Document, any of the
Foreign Obligations or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by the Administrative Agent or any Lender, (b) any defense, set-off or counterclaim (other
than a defense of payment or performance) which may at any time be available to or be asserted by any Foreign Borrower or any other Person against the Administrative Agent or any Lender, or (c) any other circumstance whatsoever (with or without
notice to or knowledge of any Borrower or such guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge of any Foreign Borrower for the Foreign Obligations (or any of them), or of the Company under the
guarantee contained in this Section 2.34, in bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against the Company, the Administrative Agent or any Lender may, but
shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as it may have against any Foreign Borrower, any other guarantor or any other Person or against any collateral security or guarantee for the
Foreign Obligations or any right of offset with respect thereto, and any failure by the Administrative Agent or any Lender to make any such demand, to pursue such other rights or remedies or to collect any payments from any Foreign Borrower, any
other guarantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of any Foreign Borrower, any other guarantor or any other Person or any such collateral
security, guarantee or right of offset, shall not relieve the Company of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the Administrative
Agent or any Lender against the Company. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. 

(g) The guarantee contained in this Section 2.34 shall continue to be effective, or be reinstated, as the case may be, if at any time
payment, or any part thereof, of any of the Foreign Obligations is rescinded or must otherwise be restored or returned by the Administrative Agent or any Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any
Foreign Borrower or any guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any Foreign Borrower or any guarantor or any substantial part of its property, or otherwise,
all as though such payments had not been made. 
 (h) The Company hereby guarantees that payments hereunder will be paid to the
Administrative Agent without set-off or counterclaim in the relevant currency at the Funding Office. 
 (i) The Company acknowledges that
the rights and responsibilities of the Administrative Agent under the guarantee contained in this Section 2.34 with respect to any action taken by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of any
option, right, request, judgment or other right or remedy provided for herein or resulting or arising out of the guarantee contained in this Section 2.34 shall, as between the Administrative Agent and the Lenders, be

  
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governed by this Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Administrative Agent and the Company, the
Administrative Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or refrain from acting, and the Company shall not be under any obligation, or entitlement, to make any inquiry
respecting such authority. 
 2.35. Limitation of Certain Obligations of Foreign Borrowers. Notwithstanding any other provision of
this Agreement, each Foreign Borrower shall only be liable for such Foreign Borrower’s pro rata share of any fees, any expenses and any indemnification obligations under this Agreement or the other Loan Documents, including, without
limitation, the obligations under Sections 2.24, 2.25, 2.26, 2.29, 9.5 and 9.7 of this Agreement; provided that such Foreign Borrower shall only be liable for (a) fees under Sections 2.14(b) and (c) in respect of Letters of Credit which
arise from Letters of Credit issued, extended or renewed for the account of such Foreign Borrower, and (b) indemnification costs under Section 2.26 which arise from Revolving Loans made to such Foreign Borrower. 

2.36. Cash Collateral. 

(a) Certain Credit Support Events. Upon the request of the Administrative Agent or a Issuing Lender (i) if such Issuing Lender has
honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if, as of five days prior to the Termination Date, any L/C Obligation for any reason remains outstanding, the
Borrowers shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all such L/C Borrowings or L/C Obligations. At any time that there shall exist a Defaulting Lender, immediately upon the request of the Administrative
Agent, any Issuing Lender, the Euro Swingline Lender or the Swingline Lender, the Borrowers shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure (after giving effect to
Section 2.37(a)(iv) and any Cash Collateral provided by the Defaulting Lender). 
 (b) Grant of Security Interest. All Cash
Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in a deposit accounts at Bank of America. The Borrowers, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to
the control of) the Administrative Agent, for the benefit of the Administrative Agent, the applicable Issuing Lender and the Lenders (including the Euro Swingline Lender and the Swingline Lender), and agrees to maintain, a first priority security
interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be
applied pursuant to Section 2.36(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total amount of such
Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrowers or the relevant Defaulting Lender 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. 
 (c) Application. Notwithstanding anything to the
contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.36 or Sections 2.4 through 2.13, 2.16, 2.17, 2.37 or Section 7 in respect of Letters of Credit, Euro Swingline Loans or Swingline Loans shall be
held and applied to the satisfaction of the specific L/C Obligations, Euro Swingline Loans or Swingline Loans, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such
obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein. 

  
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 (d) Release. Cash Collateral (or the appropriate portion thereof) provided to reduce
Fronting Exposure or other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the
applicable Lender (or, as appropriate, its assignee following compliance with Section 9.6(b)(ii)(E))) or (ii) the Administrative Agent’s good faith determination that there exists excess Cash Collateral; provided, however,
(x) that Cash Collateral furnished by or on behalf of a Loan Party shall not be released during the continuance of a Default or Event of Default (and following application as provided in this Section 2.36 may be otherwise applied in
accordance with the provisions contained herein), and (y) the Person providing Cash Collateral and the Issuing Lender, Euro Swingline Lender or Swingline Lender, as applicable, may agree that Cash Collateral shall not be released but instead
held to support future anticipated Fronting Exposure or other obligations. 
 2.37. Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 
 (i) Waivers
and Amendments. That Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 9.1 and the definition of “Required Lender”. 

(ii) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by the Administrative Agent
for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 7 or otherwise, and including any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to
Section 9.7), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second,
to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to the Issuing Lenders, the Swingline Lender or the Euro Swingline Lender hereunder; third, if so determined by the Administrative Agent or requested by the
Issuing Lenders, the Swingline Lender or the Euro Swingline Lender, to be held as Cash Collateral for future funding obligations of that Defaulting Lender of any participation in any Swingline Loan, Euro Swingline Loan or Letter of Credit;
fourth, as the Borrowers may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined
by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrowers, to be held in a deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement;
sixth, to the payment of any amounts owing to the Lenders, the Issuing Lenders, the Swingline Lender or the Euro Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the Issuing Lenders,
the Swingline Lender or the Euro Swingline Lender against that Defaulting Lender as a result of that 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 Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this
Agreement; and eighth, to that 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 L/C Borrowings in respect of which
that Defaulting Lender has not fully funded its appropriate share and (y) such Loans or L/C Borrowings were made 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 

  
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Loans of, and L/C Borrowings owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Borrowings owed to, that Defaulting Lender. 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 2.37(a) (ii) shall be deemed paid to
and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 
 (iii) Certain Fees. That Defaulting
Lender (x) shall be entitled to receive any facility fee pursuant to Section 2.14(a) for any period during which that Lender is a Defaulting Lender only to extent allocable to the sum of (1) the Outstanding Extensions of Credit funded
by it and (2) its Revolving Percentage or Multicurrency Revolving Percentage, as applicable, of the stated amount of Letters of Credit, Swingline Loans and Euro Swingline Loans for which it has provided Cash Collateral pursuant to Sections 2.4
through 2.13, Section 2.36, or Section 2.37(a)(ii), as applicable (and the Borrowers, as applicable, shall (A) be required to pay to each of the Issuing Lenders, the Swingline Lender and the Euro Swingline Lender, as applicable, the
amount of such fee allocable to its Fronting Exposure arising from that Defaulting Lender and (B) not be required to pay the remaining amount of such fee that otherwise would have been required to have been paid to that Defaulting Lender) and
(y) shall be limited in its right to receive Letter of Credit Fees as provided herein. 
 (iv) Reallocation of
Applicable Percentages to Reduce Fronting Exposure. During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters
of Credit, Swingline Loans or Euro Swingline Loans pursuant to Sections 2.4 through 2.13, the “Revolving Percentage” or “Multicurrency Revolving Percentage” of each non- Defaulting Lender shall be computed without giving effect
to the Commitment of that Defaulting Lender; provided, that, (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the
aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit, Swingline Loans and Euro Swingline Loans, as applicable, shall not exceed the positive difference, if any, of (1) the
Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Extensions of Credit of that Lender. 
 (v)
Cash Collateral, Repayment of Swingline Loans and Euro Swingline Loans. If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the applicable Borrower shall, without prejudice to any right or remedy
available to it hereunder or under applicable Law, (x) first, prepay Swingline Loans and Euro Swingline Loans in an amount equal to the Swingline Lender’s or Euro Swingline Lender’s Fronting Exposure and (y) second, Cash
Collateralize the Issuing Lenders’ Fronting Exposure in accordance with the procedures set forth in Section 2.36. 
 (b)
Defaulting Lender Cure. If the Borrowers, the Administrative Agent, Swingline Lender, Euro Swingline Lender and the Issuing Lenders agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a
Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash
Collateral), that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded
participations in Letters of Credit, Swingline Loans and Euro Swingline Loans to be held on a pro rata basis by the Lenders in accordance with their Revolving Percentages and Multicurrency Revolving Percentages (without giving effect to Section
2.37(a)(iv)), whereupon that 

  
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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 Borrowers while that
Lender was a Defaulting Lender; and provided, further, that except as provided in Section 9.19 or to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or
release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 
 SECTION 3. REPRESENTATIONS
AND WARRANTIES 
 To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Loans and issue or
participate in the Letters of Credit, each of the Borrowers hereby represents and warrants to the Administrative Agent and each Lender that: 

3.1. Financial Condition. The audited consolidated balance sheets of the Company and its consolidated Subsidiaries as at June 30,
2013, June 30, 2014 and June 30, 2015, and the related consolidated statements of income and of cash flows for the fiscal years ended on such dates, reported on by and accompanied by an unqualified report from PricewaterhouseCoopers
LLP, present fairly the consolidated financial condition of the Company and its consolidated Subsidiaries as at such date, and the consolidated results of its operations and its consolidated cash flows for the respective fiscal years then ended. All
such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved (except as approved by the aforementioned firm of accountants and disclosed
therein). No Group Member has any material Guarantee Equivalents, contingent liabilities and liabilities for taxes, or any long-term leases or unusual forward or long-term commitments, including any interest rate or foreign currency swap or exchange
transaction or other obligation in respect of derivatives, except those (a) reflected in the most recent financial statements referred to in this paragraph, (b) which were incurred after June 30, 2015, in the case of the Company and
its Subsidiaries in the ordinary course of business and consistent with past practices, (c) that are obligations (including transaction costs) in connection with this Agreement, or (d) that, individually or in the aggregate, do not have a
Material Adverse Effect. During the period from June 30, 2015 to and including the date hereof, except as publicly disclosed in filings with the SEC prior to the Closing Date,2 there has been no Disposition by any Group Member of any business
or property that is material to the Company and its consolidated Subsidiaries, taken as a whole. 
 3.2. No Change. Since
June 30, 2015, there has been no development or event that has had or could reasonably be expected to have a Material Adverse Effect. 

3.3. Existence; Compliance with Law. Each Group Member (a) is duly organized, validly existing and in good standing under the laws
of the jurisdiction of its organization, except, in the case of Group Members other than each of the Borrowers, where the failure to be so organized, validly existing and in good standing could not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect, (b) has the power and authority, and the legal right, to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged except
where the failure to have such power, authority and rights could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (c) is duly qualified as a foreign corporation and in good standing under the laws
of each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification, except for jurisdictions where the failure to be so qualified or in good standing, individually or in the aggregate,
do not have a Material Adverse Effect and (d) is in compliance with all Requirements of Law except to the extent that the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

 

	2	Note to Draft: Company to provide copies of applicable SEC filings. 

  
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 3.4. Power; Authorization; Enforceable Obligations. Each Loan Party has the power and
authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of each Borrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary organizational action to
authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of each Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement. No consent or authorization of,
filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the extensions of credit hereunder or with the execution, delivery, performance, validity or enforceability of
this Agreement or any of the Loan Documents. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid
and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law). 

3.5. No Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the issuance of Letters of
Credit, the borrowings hereunder and the use of the proceeds thereof will not violate any Requirement of Law or any Contractual Obligation of any Group Member and will not result in, or require, the creation or imposition of any Lien on any of their
respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation. No Requirement of Law or Contractual Obligation applicable to the Company or any of its Subsidiaries would reasonably be expected to have a
Material Adverse Effect. 
 3.6. Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental
Authority is pending or, to the knowledge of any Borrower, threatened by or against any Group Member or against any of their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated
hereby or thereby, or (b) that would reasonably be expected to have a Material Adverse Effect. 
 3.7. No Default. No Group
Member is in default under or with respect to any of its Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing. 

3.8. Ownership of Property, Liens. Each Group Member has title in fee simple to, or a valid leasehold interest in, all its real
property, and good title to, or a valid leasehold interest in, all its other property, in each case necessary and related to its operations, except for such property where the failure to maintain such title or interest, individually or in the
aggregate, does not have a Material Adverse Effect, and none of such property is subject to any Lien except as permitted by Section 6.3. 

3.9. Intellectual Property. Each Group Member owns, or is licensed to use, all Intellectual Property necessary for the conduct of its
business as currently conducted, except where such failure, individually or in the aggregate, does not have a Material Adverse Effect. No material claim has been asserted and is pending by any Person challenging or questioning the use of any
Intellectual Property or the validity or effectiveness of any Intellectual Property, nor does any Borrower know of any valid basis for any such claim, except where such claims, individually or in the aggregate, do not have a Material Adverse Effect.
The use of Intellectual Property by each Group Member does not infringe on the rights of any Person in any material respect, except where such infringement, individually or in the aggregate, does not have a Material Adverse Effect. 

  
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 3.10. Taxes. Each Group Member has filed or caused to be filed all Federal, state and
other material tax returns that are required to be filed and has paid all taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other taxes, fees or other charges imposed on it or any
of its property by any Governmental Authority (other than any the amount or validity of which are currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the
books of the relevant Group Member) except where the failure to file such returns and pay such taxes, fees and other charges, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect; to the knowledge of
any Borrower, no tax Lien has been filed, and no claim is being asserted, with respect to any such tax, fee or other charge that would, if made, have a Material Adverse Effect. 

3.11. Federal Regulations. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used to purchase
or carry Margin Stock as now and from time to time hereafter in effect or for any purpose that violates the provisions of the Regulations of the Board. If requested by any Lender or the Administrative Agent, the Borrowers will furnish to the
Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1, as applicable, referred to in Regulation U. 

3.12. ERISA. 
 (a) Each
Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state laws. Each Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a
favorable determination letter from the IRS 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 IRS 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 IRS. To the best knowledge of the Borrowers, nothing has occurred that would prevent or cause the loss of such tax-qualified status. 

(b) There are no pending or, to the best knowledge of the Borrowers, threatened claims, actions or lawsuits, or action by any Governmental
Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could
reasonably be expected to result in a Material Adverse Effect. 
 (c) (i) No ERISA Event has occurred, and neither the Borrowers nor any
ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA Event with respect to any Pension Plan, which in any event has resulted, or could reasonably be expected to result in,
a material liability; (ii) the Borrowers and each ERISA Affiliate has complied in all material respects with all applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding
standards under the Pension Funding Rules has been applied for or obtained; (iii) as of the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2) of the Code) is 60% or
higher and neither the Borrowers nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment percentage for any such plan to drop below 60% as of the most recent valuation
date; (iv) neither the Borrowers nor any ERISA Affiliate has incurred any liability to the PBGC, other than for the payment of premiums, and there are no premium payments which have become due that are unpaid, which in any event has resulted,
or could reasonably be expected to result in, a material liability; (v) neither the Borrowers nor any ERISA Affiliate has engaged in a 

  
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transaction that could be subject to Section 4069 or Section 4212(c) of ERISA; and (vi) no Pension Plan has been terminated by the plan administrator thereof (other than by means
of an annuity or other termination that preserves the Pension Plan’s ability to meet in full its liabilities and obligations to Plan participants as and when they become due) nor by the PBGC, and no event or circumstance has occurred or exists
that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Plan. 
 (d)
Neither the Borrowers nor any ERISA Affiliate maintains or contributes to, or has any unsatisfied obligation to contribute to, or liability under, any active or terminated Pension Plan other than (A) on the Closing Date, those listed on
Schedule 3.12(d) hereto and (B) thereafter, Pension Plans not otherwise prohibited by this Agreement. 
 3.13. Investment Company
Act; Other Regulations. No Loan Party, any Person Controlling a Loan Party or any Subsidiary of a Loan Party (a) is or required to be registered as an “investment company” under the Investment Company Act of 1940, as amended or
(b) is a “holding company” or a “public utility company” as defined in, or subject to regulation under, the Public Utility Holding Company Act of 2005, as amended. No Loan Party is subject to regulation under any Requirement
of Law (other than Regulation X of the Board) that limits its ability to incur Indebtedness. 
 3.14. Use of Proceeds. The proceeds
of the Loans and the Letters of Credit, shall be used (i) to refinance Indebtedness of the Borrowers under the Existing Credit Agreement and (ii) for general corporate purposes of the Borrowers and their Subsidiaries. 

3.15. Environmental Matters. Except as disclosed on Schedule 3.15 or except as, in the aggregate, do not have a Material Adverse
Effect: 
 (a) the facilities and properties owned, leased or operated by any Group Member (the “Properties”) do not
contain, and have not previously contained, any Materials of Environmental Concern in amounts or concentrations or under circumstances that constitute or constituted a violation of, or could give rise to liability under, any Environmental Law; 

(b) no Group Member has received or is aware of any notice of violation, alleged violation, non-compliance, liability or potential liability
regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or the business operated by any Group Member (the “Business”), nor does any Borrower have knowledge or reason to believe that
any such notice will be received or is being threatened; 
 (c) Materials of Environmental Concern have not been transported or disposed of
from the Properties in violation of, or in a manner or to a location that could give rise to liability under, any Environmental Law, nor have any Materials of Environmental Concern been generated, treated, stored or disposed of at, on or under any
of the Properties in violation of, or in a manner that could give rise to liability under, any applicable Environmental Law; 
 (d) no
judicial proceeding or governmental or administrative action is pending or, to the knowledge of any Borrower, threatened, under any Environmental Law to which any Group Member is or will be named as a party with respect to the Properties or the
Business, nor are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to the Properties or the
Business; 

  
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 (e) there has been no release or threat of release of Materials of Environmental Concern at or
from the Properties, or arising from or related to the operations of any Group Member in connection with the Properties or otherwise in connection with the Business, in violation of or in amounts or in a manner that could give rise to liability
under Environmental Laws; 
 (f) the Properties and all operations at the Properties are in compliance, and have in the last five years been
in compliance, with all applicable Environmental Laws, and there is no contamination at, under or about the Properties or violation of any Environmental Law with respect to the Properties or the Business; and 

(g) no Group Member has assumed any liability of any other Person under Environmental Laws. 

3.16. Accuracy of Information, etc. No statement or information contained in this Agreement, any other Loan Document or any other
document, certificate or written statement, taken as a whole, furnished by or on behalf of any Loan Party to the Administrative Agent or the Lenders (other than financial projections) for use in connection with the transactions contemplated by this
Agreement or the other Loan Documents, contained as of the date such statement, information, document or certificate was so furnished, any untrue statement of a material fact or omitted to state a material fact necessary to make the statements
contained herein or therein not misleading, in each case in light of the circumstances under which such statements were made or information provided. The projections and pro forma financial information, if any, contained in the materials
referenced above are based upon good faith estimates and assumptions believed by management of the Company to be reasonable at the time made, it being recognized by the Lenders that such financial information as it relates to future events is not to
be viewed as fact and that actual results during the period or periods covered by such financial information may differ from the projected results set forth therein by a material amount. 

3.17. Solvency. Each Loan Party is, and after giving effect to the incurrence of all Indebtedness and obligations being incurred in
connection herewith will be and will continue to be, Solvent. 
 3.18. Insurance. The Company and each of its Subsidiaries maintains
with financially sound and reputable insurers (not related to or affiliated with the Company or any of its Subsidiaries) insurance with respect to its properties and business and against at least such liabilities, casualties and contingencies and in
at least such types and amounts as is customary in the case of corporations engaged in the same or a similar business or having similar properties similarly situated. 

3.19. Subsidiaries. Except as disclosed to the Administrative Agent by the Company in writing from time to time after the Closing Date,
(a) Schedule 3.19 sets forth the name and jurisdiction of incorporation of each Subsidiary and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party and (b) there are no outstanding
subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options granted to employees or directors and directors’ qualifying shares) of any nature relating to any Capital Stock of any Subsidiary,
except as created by the Loan Documents. 
 3.20. OFAC. Neither the Company, nor any of its Subsidiaries, nor, to the knowledge of
the Company and its Subsidiaries, any director, officer, employee or third party that will act in any capacity on behalf of or at the direction of the Company or any of its Subsidiaries is an individual or entity that is, or is known by the Company
or its Subsidiaries to be owned or controlled by any individual or entity that is (i) currently subject to or the target of any Sanctions, (ii) included on OFAC’s List of Specially Designated nationals, HMT’s Consolidated List of
Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction. 

  
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 3.21. Anti-Corruption Laws. The Company and its Subsidiaries have conducted their
businesses in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions in which the Company and its Subsidiaries conduct business and have
instituted and maintained policies and procedures designed to promote and achieve compliance with such laws. 
 3.22. EEA Financial
Institution. No Loan Party is an EEA Financial Institution. 
 SECTION 4. CONDITIONS PRECEDENT 

4.1. Conditions to Initial Extension of Credit. The agreement of each Lender to make the initial extension of credit requested to be
made by it to the Borrowers is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent: 

(a) Credit Agreement. The Administrative Agent shall have received this Agreement, executed and delivered by the Administrative Agent,
the Borrowers and each Person listed on Schedule 1.1. 
 (b) Financial Statements. The Lenders shall have received the consolidated
financial statements of the Company and its consolidated Subsidiaries described in Section 3.1. 
 (c) Fees and Expenses. The
Lenders, the Administrative Agent and the Joint Lead Arrangers shall have received all fees (including the amendment fees) required to be paid, and all expenses for which invoices have been presented (including the reasonable fees and expenses of
legal counsel), on or before the Closing Date. 
 (d) Secretary’s Certificate, Certified Certificate of Incorporation: Good Standing
Certificates. The Administrative Agent shall have received (i) a certificate of each Loan Party, dated the Closing Date, substantially in the form of Exhibit M, with appropriate insertions and attachments, including the certificate of
incorporation of each Loan Party (or equivalent documentation) certified by the relevant authority of the jurisdiction of organization of such Loan Party, and (ii) a long form good standing certificate (or equivalent documentation in any
applicable foreign jurisdiction) for each Loan Party from its jurisdiction of organization. The certificate of the Company shall further certify (i) that the conditions specified in Sections 4.2(a) and (b) have been
satisfied; (ii) that there has been no event or circumstance since June 30, 2015 that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect; and (iii) the current Debt
Ratings. 
 (e) Legal Opinions. The Administrative Agent shall have received the legal opinion of (i) McGuireWoods LLP, counsel
to the Company and the Subsidiary Guarantors, substantially in the form of Exhibit N and (ii) CMS von Erlach Poncet Ltd., counsel to the Kennametal Europe GmbH, as a Foreign Borrower, substantially in the form of Exhibit O. Such legal opinions
shall cover such other matters incident to the transactions contemplated by this Agreement as the Administrative Agent may reasonably require. 

(f) Existing Credit Agreement. All amounts outstanding under the Existing Credit Agreement shall have been paid in full, all
commitments thereunder of lenders who are not parties to this Agreement shall have been terminated and all commitments thereunder of the Lenders party to this Agreement shall be evidenced only by this Agreement. 

  
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 (g) Guarantee. The Administrative Agent shall have received the Guarantee, executed and
delivered by each Subsidiary Guarantor. 
 (h) Notes. Each Lender shall have received a Note executed and delivered by the Borrowers
if such Lender requested a Note pursuant to Section 2.32. 
 (i) Issuing Lender Agreement. Each Issuing Lender and the
Administrative Agent shall have received an Issuing Lender Agreement executed and delivered by the applicable Borrowers, such Issuing Lender and the Administrative Agent. 

Each of the foregoing shall be in form and substance satisfactory to the Administrative Agent and each Lender. Without limiting the generality
of the provisions of Section 8.4, for purposes of determining compliance with the conditions specified in this Section 4.1, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing
Date specifying its objection thereto. 
 4.2. Conditions to Each Extension of Credit. The agreement of each Lender to make any
extension of credit requested to be made by it to any Borrower on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent: 

(a) Representations and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to the Loan
Documents (other than the representation and warranty set forth in Section 3.2 of this Agreement) shall be true and correct on and as of such date as if made on and as of such date. 

(b) No Default. No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the
extensions of credit requested to be made on such date. 
 Each borrowing by and issuance of a Letter of Credit on behalf of any Borrower hereunder shall
constitute a representation and warranty by such Borrower as of the date of such extension of credit that the conditions contained in this Section 4.2 have been satisfied. 

SECTION 5. AFFIRMATIVE COVENANTS 

Each Borrower hereby agrees that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding or any Loan or other
amount is owing to any Lender, Issuing Lender or the Administrative Agent hereunder, such Borrower shall and shall cause each of its Subsidiaries to: 

5.1. Financial Statements. Furnish to the Administrative Agent and each Lender: 

(a) as soon as available, but in any event within 100 days after the end of each fiscal year of the Company, a copy of the audited
consolidated balance sheet of the Company and its consolidated Subsidiaries as at the end of such year and the related audited consolidated statements of income and of cash flows and changes in stockholders’ equity of the Company and its
consolidated Subsidiaries for such fiscal year for such year, setting forth in each case in comparative form the figures 

  
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for the previous year, reported on without a “going concern” or like qualification or exception, or qualification arising out of the scope of the audit, by PricewaterhouseCoopers LLC or
other independent certified public accountants of nationally recognized standing; and 
 (b) as soon as available, but in any event not
later than 55 days after the end of each of the first three quarterly periods of each fiscal year of the Company, the unaudited consolidated balance sheet of the Company and its consolidated Subsidiaries as at the end of such quarter and the related
unaudited consolidated statements of income and of cash flows for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures for the previous year, certified by a
Responsible Officer as being fairly stated in all material respects (subject to normal year-end audit adjustments). 
 All such financial statements shall
be complete and correct in all material respects and shall be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein and with prior periods (except as approved by such accountants or
officer, as the case may be, and disclosed therein). In lieu of furnishing the Administrative Agent and the Lenders the items referred to in clauses (a) and (b) above, the Company may make such items available on the internet at
www.Kennametal.com or by similar electronic means. 
 5.2. Certificates; Other Information. Furnish to the Administrative Agent and
each Lender (or, in the case of clause (e), to the relevant Lender): 
 (a) concurrently with the delivery of the financial statements
referred to in Section 5.1(a), a certificate of a Responsible Officer, dated as of the date of such delivery, stating that, since the date of the Company’s fiscal year end immediately preceding the fiscal year end for which such financial
statements are being delivered, there has been no development or event that has had a Material Adverse Effect; 
 (b) concurrently with the
delivery of any financial statements pursuant to Section 5.1, (i) a certificate of a Responsible Officer stating that, to the best of each such Responsible Officer’s knowledge, no Default or Event of Default has occurred, except as
specified in such certificate and (ii) in the case of quarterly or annual financial statements, a Compliance Certificate containing all information and calculations necessary for determining compliance with the provisions of Section 6.1 as
of the last day of the fiscal quarter or fiscal year of the Company, as the case may be (including, without limitation, any reconciliations required in connection with any changes in GAAP, subsequent to the Closing Date); 

(c) within five days after the same are sent, copies of all financial statements and reports that any Borrower sends to the holders of any
class of its debt securities or public equity securities and, within five days after the same are filed, copies of all financial statements and reports that any Borrower may make to, or file with, the SEC; 

(d) promptly, notice of any change in any Debt Rating of the Company; and 

(e) promptly, such additional financial and other information as the Administrative Agent or any Lender may from time to time reasonably
request. 
 In lieu of furnishing the Administrative Agent and the Lenders the items referred to in clause (c) above, the Company may make such items
available on the internet at www.Kennametal.com or by similar electronic means; provided, that the Company shall promptly provide written or electronic notice to the Administrative Agent and each Lender when statements and reports subject to clause
(c) above are made available via www.Kennametal.com or such other electronic means. 

  
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 Each Borrower hereby acknowledges that (a) the Administrative Agent and/or the Joint Lead
Arrangers will make available to the Lenders and the Issuing Lenders materials and/or information provided by or on behalf of the Borrowers hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on
IntraLinks, SyndTrak, ClearPar or another similar electronic system approved by the Company (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to
receive material non-public information with respect to any of the Borrowers or their respective Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect
to such Persons’ securities. Each Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the
word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrowers shall be deemed to have authorized the Administrative Agent, the Joint Lead Arrangers, the Joint
Book Runners, the Issuing Lenders and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to the Borrowers or their respective securities for purposes of United States Federal and state
securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 9.14); (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, the Joint Lead Arrangers and the Joint Book Runners 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.” 

5.3. Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case
may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided
on the books of the relevant Group Member or where such failure to pay, discharge or otherwise satisfy would not have a Material Adverse Effect. 

5.4. Maintenance of Existence; Compliance. (a) (i) Preserve, renew and keep in full force and effect its organizational
existence and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary or desirable in the normal conduct of its business, except, in each case, as otherwise permitted by Section 6.4 and except to the
extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and (b) comply with all Contractual Obligations and Requirements of Law except to the extent that failure to comply therewith could not, in the
aggregate, reasonably be expected to have a Material Adverse Effect. 
 5.5. Maintenance of Property; Insurance. (a) Keep all
property useful and necessary in its business in good working order and condition in all material respects, ordinary wear and tear excepted and (b) maintain with financially sound and reputable insurance companies insurance on all its property
in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are usually insured against in the same general area by companies engaged in the same or a similar
business or having similar properties similarly situated. 
 5.6. Inspection of Property; Books and Records; Discussions.
(a) Keep proper books of records and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law shall be made in all material respects of all dealings and transactions in relation to its business and
activities, and (b) following reasonable prior written notice to the Company, permit representatives of any Lender to visit and inspect any of its properties and examine and make abstracts from any of its books and records at any reasonable
time (it being understood that, so long as no Event of Default or Default has occurred and is continuing, such times shall be during normal business hours) and 

  
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as often as may reasonably be desired and to discuss the business, operations, properties and financial and other condition of the Group Members with officers and employees of the Group Members
and, to the extent such accountants are willing, with their independent certified public accountants. 
 5.7. Notices. Promptly give
notice to the Administrative Agent and each Lender of: 
 (a) the occurrence of any Default or Event of Default; 

(b) any (i) default or event of default under any Contractual Obligation of any Group Member or (ii) litigation, investigation or
proceeding that may exist at any time between any Group Member and any Governmental Authority, that in either case, if not cured or if adversely determined, as the case may be, could reasonably be expected to have a Material Adverse Effect; 

(c) any litigation or proceeding affecting any Group Member (i) which, if adversely decided, individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect, (ii) in which any material injunctive or similar relief is sought or (iii) which relates to any Loan Document; 

(d) as soon as possible and in any event within thirty (30) days after any Borrower knows or or has any reason to know of the occurrence
of an ERISA Event; and 
 (e) any development or event that has had or could reasonably be expected to have a Material Adverse Effect. 

Each notice pursuant to this Section 5.7 shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to
therein and stating what action the relevant Group Member proposes to take with respect thereto. 
 5.8. Use of Proceeds. Use the
proceeds of the Loans and the Letters of Credit (i) to refinance Indebtedness of the Borrowers under the Existing Credit Agreement and (ii) for general corporate purposes of the Borrowers and their Subsidiaries. 

5.9. Continuation of or Change in Business. (a) Not engage in any business if, as a result, the general nature of the business, on
a consolidated basis, which would then be engaged in by the Borrowers and their Subsidiaries would be substantially and significantly changed from the general nature of the business engaged in by the Borrowers and their Subsidiaries on a
consolidated basis on the date hereof, or such business is not reasonably related to the business of the Borrowers and their Subsidiaries on a consolidated basis on the date hereof; and (b) with respect to the Loan Parties taken as a whole,
continue to operate as an operating company in substantially the manner at the date hereof, and not transfer to any Person which is not a Loan Party, in any transaction or set of related transactions, any material portion of the Loan Parties’
operating assets. 
 5.10. Further Assurances. Cause each Person which is or becomes a Significant Subsidiary (other than a Foreign
Subsidiary) to become a Subsidiary Guarantor as promptly as practicable after (but in any event within 10 days after the date that financial statements are delivered pursuant to Section 5.1 which evidence that such Subsidiary is a Significant
Subsidiary) the date such Person first satisfies the criteria in the definition of “Significant Subsidiary”, by causing such Subsidiary to execute and deliver to the Administrative Agent a supplement to the Guarantee, together with
(i) an opinion of counsel (including in-house counsel) for such Subsidiary covering such matters relating to such supplement to the Guarantee as the Administrative Agent may reasonably request, and (ii) all documents which the
Administrative Agent may reasonably request relating to the existence of such Subsidiary, the 

  
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corporate authority for and the validity of such supplement to the Guarantee, and any other matters reasonably determined by the Administrative Agent to be relevant thereto, all in form and
substance reasonably satisfactory to the Administrative Agent. 
 5.11. Sanctions. Engage in business or transactions involving
individuals or entities that are subject to or the target of Sanctions, or in, or with entities or individuals located, organized or resident in, a Designated Jurisdiction, only if such business or transactions are in compliance with all applicable
Sanctions. To the extent any Borrower or any of its Subsidiaries engages in such business or transactions in compliance with all applicable Sanctions, those business activities and related transactions with third parties will not constitute a
violation of this Section 5.11 or any other provision of this Agreement that relates to Sanctions; provided that in no event shall the proceeds of any Loans or Letters of Credit be used in connection with such business or transactions. 

5.12. Anti-Corruption Laws. Conduct its businesses in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK
Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions in which the Company and its Subsidiaries conduct business and maintain policies and procedures designed to promote and achieve compliance with such laws. 

SECTION 6. NEGATIVE COVENANTS 

Each Borrower hereby agrees that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding or any Loan or other
amount is owing to any Lender, Issuing Lender or the Administrative Agent hereunder, such Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly: 

6.1. Financial Condition Covenants. 

(a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters
of the Borrowers ending (i) on or prior to March 31, 2017 to exceed 3.75 to 1.00 and (ii) at any time thereafter, to exceed 3.50 to 1.00. 

(b) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio for any period of four consecutive fiscal quarters
of the Borrowers to be less than 3.50 to 1.00. 
 6.2. Indebtedness. Create, issue, incur, assume, become liable in respect of or
suffer to exist any Indebtedness, except: 
 (a) Indebtedness of any Loan Party pursuant to any Loan Document; 

(b) subject to Section 6.11, Indebtedness of any Borrower to any Subsidiary and of any Subsidiary to any Borrower or any other
Subsidiary; 
 (c) Guarantee Equivalents incurred in the ordinary course of business by any of the Borrowers or any of their Subsidiaries of
obligations (other than Indebtedness) of any Borrower or any Subsidiary; 
 (d) Indebtedness outstanding on the date hereof and listed on
Schedule 6.2(d) and any refinancings, refundings, renewals or extensions thereof (without increasing, or shortening the maturity of, the principal amount thereof); 

  
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 (e) Indebtedness of the Borrowers or their Subsidiaries constituting (i) Capital Lease
Obligations, (ii) Indebtedness secured by purchase money Liens described in Section 6.3(g), or (iii) secured Indebtedness described in Section 6.3(f); provided, that the aggregate principal amount of outstanding Indebtedness
described in this Section 6.2(e) shall not exceed $75,000,000 (or the equivalent in any currency) at any time; 
 (f) Guarantee
Equivalents incurred by the Company for the obligations of its Subsidiaries under any Indebtedness of such Subsidiaries otherwise permitted hereunder; 

(g) other unsecured Indebtedness for borrowed money of the Company (and not of any Subsidiary) incurred by the Company after the Closing Date;
and 
 (h) additional Indebtedness of the Borrowers or any of their Subsidiaries; provided, that the aggregate principal amount (for the
Borrowers and all Subsidiaries) of such Indebtedness, together with the aggregate outstanding principal amount of Attributable Debt in respect of Qualified Receivables Transactions, shall not exceed $350,000,000 at any one time outstanding. 

6.3. Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, whether now owned or hereafter acquired, except
for the following (collectively, “Permitted Liens”): 
 (a) Liens for taxes (i) that are not yet due, (ii) that
do not exceed $25,000,000 in the aggregate or (iii) that are being contested in good faith by appropriate proceedings, provided that, in each case of clause (i), (ii) or (iii), adequate reserves with respect thereto are maintained on the
books of the Borrowers or their Subsidiaries after notice or discovery of any such Lien, as the case may be, in conformity with GAAP; 
 (b)
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business that are not overdue for a period of more than 30 days or that are being contested in good
faith by appropriate proceedings; 
 (c) pledges or deposits in connection with workers’ compensation, unemployment insurance and other
social security legislation; 
 (d) deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

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

(f) Liens in existence on the date hereof listed on Schedule 6.3(f), securing Indebtedness permitted by Section 6.2(d), provided that no
such Lien is spread to cover any additional property after the Closing Date and that the amount of Indebtedness secured thereby is not increased; 

(g) Liens securing Indebtedness of the Borrowers or any of their Subsidiaries incurred pursuant to Section 6.2(e) to finance the
acquisition of fixed or capital assets, provided that (i) such Liens shall be created substantially simultaneously with the acquisition of such fixed or capital assets, (ii) such Liens do not at any time encumber any property other than
the property financed by such Indebtedness and (iii) the amount of Indebtedness secured thereby is not increased; 

  
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 (h) any interest or title of a lessor under any lease entered into by the Borrowers or any of
their Subsidiaries in the ordinary course of its business and covering only the assets so leased; 
 (i) judgment liens fully bonded or
stayed pending appeal and not constituting an Event of Default under Section 7(h); provided, that such liens are released or discharged within 90 days after the entry thereof; 

(j) Liens in favor of the United States government which arise in the ordinary course of business resulting from progress payments or partial
payments under United States government contracts or subcontracts thereunder; 
 (k) Liens on Margin Stock, if and to the extent that the
value of such Margin Stock exceeds 25% of the total assets of the Borrowers and their Subsidiaries subject to this Section 6.3; 
 (l)
Liens on assets transferred to a Receivables Entity or on assets of a Receivables Entity, in either case incurred in connection with a Qualified Receivables Transaction; 

(m) Liens consisting of (x) set-off rights or other similar rights in favor of banking institutions securing fees due by the Borrowers or
their Subsidiaries in the ordinary course in connection with deposit and other bank accounts held at such banking institution, which fees are within the general parameters customary in the banking industry and (y) any set-off or similar rights
granted to any of the Lenders hereunder or pursuant to any of the Loan Documents; and 
 (n) Liens not otherwise permitted by this
Section 6.3 so long as neither (i) the aggregate outstanding principal amount of the obligations secured thereby nor (ii) the aggregate fair market value (determined as of the date such Lien is incurred) of the assets subject thereto
exceeds (as to the Borrowers and all Subsidiaries) $50,000,000 at any one time. 
 6.4. Fundamental Changes. Each Borrower shall not,
and shall not permit any Subsidiary which is a Loan Party to, directly or indirectly, merge with or into or consolidate with any other Person, or agree, become or remain liable (contingently or otherwise) to do any of the foregoing, except for the
following: (a) any Borrower may merge with another Person so long as such Borrower is the surviving corporation, (b) a Subsidiary which is a Loan Party may merge with the Company or another Loan Party that is not a Foreign Borrower, or may
merge with another Person so long as such Subsidiary is the surviving corporation or such other Person becomes a Subsidiary and a party to the Guarantee and (c) the Borrowers and their Subsidiaries may make Dispositions permitted pursuant to
Section 6.10; provided, that with respect to clause (a) and (b) above, (i) no Default or Event of Default shall have occurred and be continuing or would result therefrom, (ii) the Borrowers shall be in compliance with the
covenants set forth in Section 6.1 as of the last day of the immediately preceding fiscal quarter for which financial statements have been delivered pursuant to Section 5.1 after giving effect, on a pro forma basis, to such merger
or consolidation as if it had occurred on such last day or the first day of the relevant period, as appropriate, and (iii) the Borrowers shall have delivered to the Administrative Agent at least ten Business Days prior to any such merger or
consolidation a certificate of a Responsible Officer certifying the satisfaction of the foregoing conditions and setting forth in reasonable detail the calculations necessary to determine compliance with clause (ii) above. 

6.5. Transactions with Affiliates. Except as set forth on Schedule 6.5, enter into any transaction, including any purchase, sale, lease
or exchange of property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than any Borrower or any Subsidiary) unless such transaction is (a) otherwise permitted under this
Agreement and (b) upon fair and reasonable terms no less favorable to the relevant Group Member than it would obtain in a comparable arm’s length transaction with a Person that is not an Affiliate. 

  
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 6.6. Use of Proceeds. Use the proceeds of any Loans or Letters of Credit, whether directly or
indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose.

 6.7. Clauses Restricting Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or
restriction on the ability of any Subsidiary of the Borrowers to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held by, or pay any Indebtedness owed to, any of the Borrowers or any other Subsidiary of the
Borrowers, (b) make loans or advances to, or other Investments in, any of the Borrowers or any other Subsidiary of the Borrowers or (c) transfer any of its assets to any of the Borrowers or any other Subsidiary of the Borrowers, except for
such encumbrances or restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents, (ii) any restrictions with respect to a Subsidiary imposed pursuant to an agreement that has been entered into in
connection with the Disposition of all or substantially all of the Capital Stock or assets of such Subsidiary, (iii) restrictions contained in agreements governing Indebtedness of a Foreign Subsidiary permitted under Section 6.2(h)
(provided, that (x) such restriction applies only to such Foreign Subsidiary and its Subsidiaries and (y) at no time shall the aggregate outstanding principal amount of such Indebtedness affected by such restriction exceed $50,000,000),
(iv) restrictions on property subject to a Permitted Lien in favor of the holder of such Lien, (v) restrictions contained in any Indebtedness or contractual requirements incurred with respect to a Qualified Receivables Transaction relating
exclusively to a Receivables Entity that, in the good faith determination of the board of directors or senior management of the Company, are necessary to effect such Qualified Receivables Transaction, and (vi) the rights of shareholders of
Subsidiaries (other than the Borrowers and their Subsidiaries) to receive dividends in respect of the Capital Stock of such Subsidiaries owned by such shareholders and other rights of such shareholders arising by operation of law. 

6.8. Amendment of Credit Documentation. Enter into, or permit any of its Subsidiaries to enter into, become or remain subject to any
agreement or instrument to which any Borrower or such Subsidiary is a party or by which any of them or any of their respective properties (now owned or hereafter acquired) may be subject or bound that would prohibit or require the consent of any
Person to any amendment, modification or supplement to any of the Loan Documents, except for the Loan Documents. 
 6.9. Off-Balance
Sheet Financings. Enter into, or permit any of its Subsidiaries to enter into, any arrangements (other than a Qualified Receivables Transaction permitted under Section 6.10(d)) to finance any Indebtedness of any Person (other than the
Borrowers and their consolidated Subsidiaries) (a) which was incurred by the Borrowers or any of their Subsidiaries or guaranteed by the Borrowers or any of their Subsidiaries at any time or the proceeds of which are or were transferred to or
used by the Borrowers or any of their Subsidiaries and (b) the payments in respect of which are intended to be financed with the proceeds of payments made to such Person by the Borrowers or any of their consolidated Subsidiaries or any
Indebtedness or Capital Stock issued by any Borrower or any such Subsidiary in an aggregate principal amount in excess of $50,000,000 at any time outstanding. 

6.10. Disposition of Property. Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Foreign
Borrower or any other Subsidiary of the Company, issue or sell any shares of such Foreign Borrower’s or such Subsidiary’s Capital Stock to any Person, except: 

(a) the Disposition of obsolete or worn out property in the ordinary course of business; 

  
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 (b) the sale of inventory in the ordinary course of business; 

(c) subject to Section 6.11, the sale or issuance of any Subsidiary’s Capital Stock or assets to the Company or any other
Subsidiary; 
 (d) sales of accounts receivable and related assets or an interest therein of the type specified in the definition of
“Qualified Receivables Transaction” made in connection with a Qualified Receivables Transaction; provided, that, notwithstanding anything herein to the contrary, in no event shall (i) the aggregate outstanding principal amount of
Attributable Debt in respect of Qualified Receivables Transactions of the Company and its Domestic Subsidiaries be greater than $150,000,000 in the aggregate at any one time or (ii) the aggregate outstanding principal amount of Attributable
Debt in respect of Qualified Receivables Transactions of Foreign Subsidiaries be greater than $75,000,000 in the aggregate at any one time; 

(e) as set forth on Schedule 6.10; 

(f) the Disposition of other property having a fair market value not to exceed 15% of Consolidated Tangible Assets in the aggregate for any
fiscal year of the Borrowers; and 
 (g) the transfer of Capital Stock of any Foreign Subsidiary constituting directors’ qualifying
shares or other similar nominal ownership interests required by law to be held by a third party; 
 provided that, so long as no Default or Event of Default
has occurred and is continuing, the Administrative Agent and the Lenders shall release each Subsidiary Guarantor from its obligations under the Guarantee in connection with any Disposition by the Company or any of its Subsidiaries of such Subsidiary
Guarantor permitted pursuant to this Section 6.10. 
 6.11. Investments. Make any advance, loan, extension of credit (by way of
Guarantee Equivalent or otherwise) or capital contribution to, or purchase any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business unit of, or make any other investment in, any Person (all of
the foregoing, “Investments”), except: 
 (a) extensions of trade credit in the ordinary course of business; 

(b) investments in Cash Equivalents; 

(c) Guarantee Equivalents permitted by Section 6.2; 

(d) (x) acquisitions of the assets of another Person or acquisitions of the Capital Stock of Persons, or (y) Investments by the Borrowers
or any of their Subsidiaries; provided that (i) at the time of any such acquisition or Investment and after giving effect thereto, no Default or Event of Default has occurred and is continuing, (ii) the Borrowers have demonstrated, on a
pro forma basis, compliance with the Consolidated Leverage Ratio and the Consolidated Interest Coverage Ratio set forth in Section 6.1 after giving effect to such acquisition or Investment and (iii) at the time of such acquisition or
Investment and after giving effect thereto, the total assets (determined in accordance with GAAP and without duplication) of the Company and the Subsidiary Guarantors shall not be less than $850,000,000 (the “Obligor Asset
Threshold”); provided, however, that at any time during the term of this Agreement that the Obligor Asset Threshold is not satisfied, the aggregate amount of all such acquisitions and 

  
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Investments in any Person who is not the Company or a Subsidiary Guarantor shall not exceed (x) $250,000,000 during all such periods in any fiscal year of the Borrowers and
(y) $750,000,000 during all such periods in the aggregate over the term of this Agreement; 
 (e) intercompany Investments (x) by
the Company or any Subsidiary Guarantor in the Company or any other Subsidiary Guarantor or (y) by a Non-Guarantor Subsidiary in any other Non- Guarantor Subsidiary; 

(f) Investments consisting of the Guarantee or the Company Guarantee; and 

(g) Investments by the Company or a Subsidiary in a Receivables Entity or any Investment by a Receivables Entity in any other Person, in each
case, in connection with a Qualified Receivables Transaction, provided, however, that any Investment in any such Person is in the form of an equity interest or interests in accounts receivable and related assets generated by the Company or a
Subsidiary and transferred to any Person in connection with a Qualified Receivables Transaction or any such Person owning such accounts receivable. 

6.12. Sanctions. Directly or knowingly indirectly, use the proceeds of any Loans or Letters of Credit, or lend, contribute or otherwise
make available such proceeds to any Subsidiary, joint venture partner or other individual or entity, to (i) fund, finance or facilitate any activities of or business with any individual or entity, or in any Designated Jurisdiction, that, at the
time of such funding, is the subject of Sanctions, in violation of applicable Sanctions, or (ii) in any other manner that will result in a violation by any individual or entity (including any individual or entity participating in the
transaction, whether as Lender, Arranger, Administrative Agent, Issuing Lender, Swingline Lender, Euro Swingline Lender, or otherwise) of applicable Sanctions. 

6.13. Anti-Corruption Laws. Directly or knowingly indirectly use the proceeds of any Loans or Letters of Credit for any purpose which
would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, or other similar anti-corruption legislation in other jurisdictions in which the Company and its Subsidiaries conduct business to the extent such laws are
applicable to the activity in question. 
 SECTION 7. EVENTS OF DEFAULT 

If any of the following events shall occur and be continuing: 

(a) any Borrower shall fail to pay any principal of any Loan or Reimbursement Obligation when due in accordance with the terms hereof; or any
Borrower shall fail to pay any interest on any Loan or Reimbursement Obligation, or any other amount payable hereunder or under any other Loan Document, within five Business Days after any such interest or other amount becomes due in accordance with
the terms hereof; or 
 (b) any representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document or
that is contained in any certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or any such other Loan Document shall prove to have been inaccurate in any material respect on or
as of the date made or deemed made; or 
 (c) any Loan Party shall default in the observance or performance of any agreement contained in
clause (i) or (ii) of Section 5.4(a) (with respect to each Borrower only), Section 5.7(a) (only with respect to an Event of Default) or Section 6 of this Agreement; or 

  
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 (d) any Loan Party shall default in the observance or performance of any other agreement
contained in this Agreement or any other Loan Document (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied for a period of 30 days after notice to the Company from the
Administrative Agent or the Required Lenders; or 
 (e) any Group Member shall (i) default in making any payment of any principal of
any Indebtedness (including any Guarantee Equivalent, but excluding the Loans) on the scheduled or original due date with respect thereto; or (ii) default in making any payment of any interest on any such Indebtedness beyond the period of
grace, if any, provided in the instrument or agreement under which such Indebtedness was created; or (iii) default in the observance or performance of any other agreement or condition relating to any such Indebtedness or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or beneficiary of such Indebtedness (or
a trustee or agent on behalf of such holder or beneficiary) to cause, with the giving of notice if required, such Indebtedness to become due prior to its stated maturity or (in the case of any such Indebtedness constituting a Guarantee Equivalent)
to become payable; provided, that a default, event or condition described in clause (i), (ii) or (iii) of this paragraph (e) shall not at any time constitute an Event of Default unless, at such time, one or more defaults, events or
conditions of the type described in clauses (i), (ii) and (iii) of this paragraph (e) shall have occurred and be continuing with respect to Indebtedness the outstanding principal amount of which exceeds in the aggregate $50,000,000; or

 (f) (i) any Group Member (other than an Immaterial Subsidiary) shall commence any case, proceeding or other action (A) under any
existing or future Debtor Relief Law of any jurisdiction, domestic or foreign, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or any
Group Member (other than an Immaterial Subsidiary) shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against any Group Member (other than an Immaterial Subsidiary) any case, proceeding or other
action of a nature referred to in clause (i) above that (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of 60 days; or
(iii) there shall be commenced against any Group Member (other than an Immaterial Subsidiary) any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any
substantial part of its assets that results in the entry of an order for any such relief that shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) any Group Member (other
than an Immaterial Subsidiary) shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) any Group Member (other than an
Immaterial Subsidiary) shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; provided, that notwithstanding anything to the contrary contained in this Section 7(f), it shall be
an Event of Default if Immaterial Subsidiaries that collectively have assets with a total book value or fair market value of more than $20,000,000 are subject to the events described in clause (i), (ii), (iii), (iv) or (v) above; or 

(g) (i) an ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to
result in liability of the Borrowers under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC and such liability could, in the sole judgment of the Required Lenders, reasonably be expected to have a Material Adverse Effect, or
(ii) the Borrowers or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan
and such failure to pay could, in the sole judgment of the Required Lenders, reasonably be expected to have a Material Adverse Effect; or 

  
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 (h) one or more judgments or decrees shall be entered against any Group Member involving in the
aggregate a liability (not paid or fully covered by insurance as to which the relevant insurance company has acknowledged coverage) of $25,000,000 or more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded
pending appeal within 30 days from the entry thereof; or 
 (i) the guarantee of any Subsidiary Guarantor (other than Subsidiary Guarantors
which (a) are designated by the Company as a Significant Subsidiary under clause (c) of the definition of “Significant Subsidiary” and (b) would not be a Significant Subsidiary absent such designation) contained in the
Guarantee shall cease, for any reason, to be in full force and effect (except (x) to the extent that such Subsidiary Guarantor is merged into the Company or another Subsidiary Guarantor or (y) such Subsidiary Guarantor is sold or otherwise
disposed of in a transaction permitted by Section 6.10) or any Loan Party shall so assert, or any action at law, suit or in equity or other legal proceeding to cancel, revoke or rescind any of the Loan Documents, shall be commenced by any of
the Borrowers or any of their Subsidiaries party thereto, or any court or any other governmental or regulatory authority or agency of competent jurisdiction shall make a determination that, or issue a judgment, order, decree or ruling to the effect
that, any one or more of the Loan Documents is illegal, invalid or unenforceable in accordance with the terms thereof; or 
 (j) (i) any
“person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) shall become, or obtain rights (whether by means or warrants, options or
otherwise) to become, the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of more than 30% of the outstanding common stock of the Company; (ii) the board of directors of the
Company shall cease to consist of a majority of Continuing Directors or (iii) the Company shall fail to own, directly or indirectly, 100% of the Capital Stock of each Foreign Borrower (except for directors’ qualifying shares or other
similar nominal ownership interests required by law to be held by a third party); 
 then, and in any such event, (A) if such event is an Event of
Default specified in clause (i) or (ii) of paragraph (f) above with respect to any Borrower, automatically the Commitments shall immediately terminate and the Loans (with accrued interest thereon) and all other amounts owing under
this Agreement and the other Loan Documents (including all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) shall immediately become due
and payable, and (B) if such event is any other Event of Default, either or both of the following actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required
Lenders, the Administrative Agent shall, by notice to the Borrowers declare the Commitments to be terminated forthwith, whereupon the Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative
Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrowers, declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents
(including all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required thereunder) to be due and payable forthwith, whereupon the same shall immediately
become due and payable. With respect to all Letters of Credit with respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant to this paragraph, the Borrowers shall at such time deposit in a cash
collateral account opened by the Administrative Agent an amount equal to the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash collateral 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 all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other obligations of the Borrowers hereunder and
under the other Loan Documents. After all such Letters of Credit shall have expired or been fully drawn upon, all 

  
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Reimbursement Obligations shall have been satisfied and all other obligations of the Borrowers hereunder and under the other Loan Documents shall have been paid in full, the balance, if any, in
such cash collateral account shall be returned to the Borrowers (or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Section 7, presentment, demand, protest and all other notices of any kind are
hereby expressly waived by each Borrower. 
 SECTION 8. ADMINISTRATIVE AGENT 

8.1. Appointment and Authority. Each of the Lenders and Issuing Lenders hereby irrevocably designates and appoints the Administrative
Agent as the agent of such Lender hereunder and under the other Loan Documents and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such actions on its behalf under the provisions of this Agreement and the
other Loan Documents and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Section 8 are
solely for the benefit of the Administrative Agent, the Lenders and the Issuing Lenders, and the Borrowers shall not have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term
“agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any
applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

8.2. Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder
or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through
their respective Related Parties. The exculpatory provisions of this Section 8 shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in
connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent
that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

8.3. Exculpatory Provisions. Neither any Agent, the Joint Book Runners, or any Joint Lead Arranger nor any of their respective Related
Parties shall have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, each of the Agents, the Joint Book Runners, and the Joint Lead Arrangers: 

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

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

  
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 (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any
duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrowers or any of their respective Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of
its Affiliates in any capacity. 
 The Administrative Agent shall not be liable for any action taken or not taken by it (i) with the
consent or at the request of the Required Lenders or the Required Multicurrency Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under
the circumstances as provided in Section 9.1 and Section 7) or (ii) in the absence of a finding that it acted with gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable
judgment. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by the Borrowers, a Lender or an Issuing Lender. 

The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any
other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Section 4 or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the
Administrative Agent. 
 8.4. Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall
not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be
genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall
not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the
satisfaction of a Lender or the Issuing Lenders, the Administrative Agent may presume that such condition is satisfactory to such Lender or Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such Lender or
Issuing Lender prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrowers), independent accountants and other experts selected by it, and
shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

8.5. Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or
Event of Default unless the Administrative Agent has received notice from a Lender or the Borrowers referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the
event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably
directed by the Required Lenders (or, if so specified by this Agreement, all 

  
 89 

 
Lenders); provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain
from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 

8.6. Non-Reliance on Administrative Agent and Other Lenders. Each Lender and Issuing Lender acknowledges that it has, independently and
without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender and Issuing Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time
deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 

8.7. Indemnification. The Lenders agree to indemnify each Agent, Joint Book Runner and Joint Lead Arranger in its capacity as such (to
the extent not reimbursed by the Borrowers and without limiting the obligation of the Borrowers to do so), ratably according to their respective Revolving Percentages in effect on the date on which indemnification is sought under this
Section 8.7 (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with such Revolving Percentages immediately prior to such date),
from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be imposed
on, incurred by or asserted against such Agent, Joint Book Runner or Joint Lead Arranger in any way relating to or arising out of, the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to
herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent, Joint Book Runner or Joint Lead Arranger under or in connection with any of the foregoing; provided that no Lender shall be liable for
the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have
resulted from such Agent’s, Joint Book Runner’s or Joint Lead Arranger’s gross negligence or willful misconduct. The agreements in this Section 8.7 shall survive the payment of the Loans and all other amounts payable hereunder.

 8.8. Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its
capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise
requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory
capacity for and generally engage in any kind of business with the Borrowers or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

8.9. Resignation of Administrative Agent. 

(a) The Administrative Agent may at any time give notice of its resignation to the Lenders, the Issuing Lenders and the Borrowers. Upon
receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrowers, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an
office in the 

  
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United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives
notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may on behalf of the Lenders and the Issuing Lenders, appoint a
successor Administrative Agent meeting the qualifications set forth above; provided that in no event shall any such successor Administrative Agent be a Defaulting Lender. Whether or not a successor has been appointed, such resignation shall become
effective in accordance with such notice on the Resignation Effective Date. 
 (b) If the Person serving as Administrative Agent is a
Defaulting Lender pursuant to clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrowers and such Person remove such Person as Administrative Agent and, in
consultation with the Borrowers, appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders)
(the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c) With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (1) the retiring or removed
Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the Issuing
Lenders under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (2) except for any indemnity payments or
other amounts then owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and Issuing Lender
directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed
to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than as provided in Section 2.25(g) and other than any rights to indemnity payments or other amounts owed
to the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder
or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise
agreed between the Borrowers and such successor. After the retired or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Section 8 and Section 9.5 shall continue
in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them (i) while the retiring or removed
Administrative Agent was acting as Administrative Agent and (ii) after such resignation or removal for as long as any of them continues to act in any capacity hereunder or under the other Loan Documents, including (a) acting as collateral
agent or otherwise holding any collateral security on behalf of any of the Lenders and (b) in respect of any actions taken in connection with transferring the agency to any successor Administrative Agent. 

(d) Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also constitute its resignation as an Issuing
Lender, and as the Swingline Lender and Euro Swingline Lender. If Bank of America resigns as an Issuing Lender, it shall retain all the rights, powers, privileges and duties of an Issuing Lender hereunder with respect to all Letters of Credit
outstanding as of 

  
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the effective date of its resignation as an Issuing Lender and all L/C Obligations with respect thereto, including the right to require the Lenders to make ABR Loans or fund risk participations
in Unreimbursed Amounts pursuant to Section 2.8. If Bank of America resigns as Swingline Lender or Euro Swingline Lender, it shall retain all the rights of the Swingline Lender or Euro Swingline Lender, as applicable, provided for
hereunder with respect to Swingline Loans or Euro Swingline Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make ABR Loans or fund risk participations in outstanding
Swingline Loans or Euro Swingline Loans, as applicable, pursuant to Section 2.5(b). Upon the Company’s appointment of a successor for Bank of America as an Issuing Lender, or as Swingline Lender or Euro Swingline Lender hereunder
(which such successor shall in all cases be a Lender other than a Defaulting Lender), (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Lender and Swingline
Lender and Euro Swingline Lender, (b) the retiring Issuing Lender and Swingline Lender and Euro Swingline Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and
(c) the successor Issuing Lender shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the Bank of America to effectively assume
the obligations of Bank of America with respect to such Letters of Credit. 
 8.10. No Other Duties. Anything herein to the contrary
notwithstanding, none of the Co-Syndication Agents, Co-Documentation Agents, Joint Lead Arrangers, or Joint Book Runners listed on the cover page hereof shall have any powers, duties or responsibilities under
this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or an Issuing Lender hereunder. 

8.11. Release of Guarantors. Each Lender and Issuing Lender hereby authorizes the Administrative Agent, at its option and in its
discretion, to enter into any agreement or execute any document evidencing the release of any Subsidiary Guarantor from its obligations under this Agreement and the other Loan Documents if such Person ceases to be a Subsidiary as a result of a
transactions permitted hereunder. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the
Guaranty pursuant to this Section 8.11. 
 8.12. Administrative Agent May File Proofs of Claim. In case of the pendency of any
proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C 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 Borrowers) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations 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 Lenders and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the Issuing Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the Issuing Lenders and the Administrative Agent under
Sections 2.20 and 9.5) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or other property payable or
deliverable on any such claims and to distribute the same; 

  
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 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such
judicial proceeding is hereby authorized by each Lender and the Issuing Lenders to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders
and the Issuing Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative
Agent hereunder. 
 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 Issuing Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or Issuing Lender to authorize the Administrative Agent to vote in respect of
the claim of any Lender or Issuing Lender in any such proceeding. 
 SECTION 9. MISCELLANEOUS 

9.1. Amendments and Waivers. Neither this Agreement, any other Loan Document, nor any terms hereof or thereof may be amended,
supplemented or modified except in accordance with the provisions of this Section 9.1. The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the written consent of the Required Lenders, the Administrative
Agent and each Loan Party party to the relevant Loan Document may, from time to time, (a) enter into written amendments, supplements or modifications hereto and to the other Loan Documents for the purpose of adding any provisions to this
Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders or the Administrative Agent, as the case
may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided, however, that no such waiver and no such amendment,
supplement or modification shall (i) forgive (in whole or in part) the principal amount or extend the final scheduled date of maturity of any Loan or Reimbursement Obligation, reduce the stated rate of any interest or fee payable hereunder
(except (x) in connection with the waiver of applicability of any post- default increase in interest rates (which waiver shall be effective with the consent of the Required Lenders), (y) that any amendment or modification of defined terms
used in the financial covenants in this Agreement shall not constitute a reduction in the rate of interest or fees for purposes of this clause (i), or (z) that any modification or change in the metric for determining fee rates, applicable margins
and Pricing Levels hereunder, including using financial covenants rather than the Company’s Debt Rating shall not constitute a reduction in the rate of interest or fees for purposes of this clause (i)) or extend the scheduled date of any
payment thereof, or increase the amount or extend the expiration date of any Lender’s Commitment, in each case without the written consent of each Lender directly affected thereby; (ii) eliminate or reduce the voting rights of any Lender
under this Section 9.1 without the written consent of such Lender; (iii) consent to the assignment or transfer by any Borrower of its rights and obligations under this Agreement and the other Loan Documents or release, other than as
provided in Section 8.11 (in which case such release of any Subsidiary Guarantor may be made by the Administrative Agent acting alone), all or substantially all of the Subsidiary Guarantors from their obligations under the Guarantee or release
the Company from its obligations under the Company Guaranty without the written consent of all the Lenders; (iv) add additional currencies as Foreign Currencies in which Multicurrency Loans may be made under this Agreement without the written
consent of all the Multicurrency Lenders; (v) reduce the percentage specified in the definition of Required Lenders without the written consent of all Lenders; (vi) amend, modify or waive any provision of Section 8 without the written
consent of the Administrative Agent; (vii) amend, modify or waive any provision of Sections 2.4 or 2.5 without the written consent of the Swingline Lender or, with respect to provisions concerning the Euro Swingline Loans, the Euro Swingline
Lender; (viii) amend, modify or waive any provision of Sections 2.6 through 2.13 inclusive 

  
 93 

 
without the written consent of all Issuing Lenders; (ix) amend, modify or waive any provision of Section 2.23 without the written consent of each Lender or (x) waive any condition
of Section 4.1 without the written consent of each Lender. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative
Agent and all future holders of the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the other Loan Documents, and any Default or
Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. Notwithstanding the foregoing, this Agreement may
be amended or otherwise supplemented without the written consent of the Lenders or the Required Lenders to increase the amount of the Total Commitments in accordance with Section 2.15(b). Notwithstanding anything to the contrary herein, no
Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the
consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification
requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender. 

Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the
Administrative Agent and the Borrower (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit and all related obligations and liabilities arising in connection therewith from time to time
outstanding thereunder and the accrued interest and fees in respect thereof to share ratably (or on a subordinated basis to the existing facilities hereunder) in the benefits of this Agreement and the other Loan Documents with the obligations and
liabilities from time to time outstanding in respect of the existing facilities hereunder and the accrued interest and fees in respect thereof and (b) in connection with the foregoing, to permit, as deemed appropriate by the Administrative
Agent and approved by the Required Lenders, the Lenders providing such additional credit facilities to participate in any required vote or action required to be approved by the Required Lenders or by any other number, percentage or class of Lenders
hereunder. 
 9.2. Notices. 

(a) Notices Generally. Except in the case of notices expressly permitted to be given by telephone (and except as provided in subsection
(b) below), all notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by facsimile), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or
made when delivered, or three Business Days after being deposited in the mail, postage prepaid, or, in the case of facsimile notice, when received, addressed as follows in the case of the Borrowers and the Administrative Agent, and as set forth in
an Administrative Questionnaire delivered to the Administrative Agent in the case of the Lenders, or to such other address as may be hereafter notified by the respective parties hereto: 

 

					
	The Borrower:	 		 	Kennametal Inc.
		 		 	600 Grant Street, Suite 5100
		 		 	Pittsburgh, Pennsylvania 15219
		 		 	Attention: Mark J. Olyarnik
		 		 	Facsimile: +1.412.248.8105
		 		 	Telephone: +1.412.248.8257
		 		 	E-mail: mark.olyarnik@kennametal.com

  
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	Foreign Borrower:	 		 	Kennametal Europe GmbH
		 		 	Rheingoldstrasse 50
		 		 	8212 Neuhausen am Rheinfall
		 		 	Switzerland
		 		 	Attention: Regional CFO
		 		 	Facsimile: +41 52 6750 101
		 		 	Telephone: +41 52 6750 120
			
	Administrative Agent:	 		 	Bank of America, N.A.
		 		 	Mail Code: CA5-705-04-09
		 		 	555 California Street, 4th Floor
		 		 	San Francisco, CA 94104
		 		 	Attn: Anthea Del Bianco
		 		 	Facsimile: +1.415.503.5101
		 		 	Telephone: +1.415.436.2776
		 		 	E-mail: anthea.del_bianco@baml.com
			
	Euro Swingline Lender:	 		 	Bank of America N.A., London Branch
		 		 	2 King Edward Street
		 		 	London, United Kingdom
		 		 	EC1A1 HQ
		 		 	Attention: Kevin Grubb / Adi Khambata
		 		 	Facsimile: +44 208 313 2140
		 		 	Telephone: +44 208 313 2655 / +44 208 695 3389
		 		 	E-mail: emealoanoperations@baml.com
			
	Funding Office:	 		 	Bank of America, N.A.
		 		 	Mail Code: NC1-001-05-46
		 		 	One Independence Center
		 		 	101 N. Tryon St.
		 		 	Charlotte, North Carolina 28255-0001
		 		 	Attention: Ty Etheredge
		 		 	Facsimile: +1.704.409.0028
		 		 	Telephone: +1.980.683.0486
		 		 	E-mail: tywanna.d.etheredge@baml.com

 provided that any notice, request or demand to or upon the Administrative Agent, any Issuing Lender or the Lenders
shall not be effective until received. The notice address of any Foreign Borrower becoming a party to this Agreement after the Closing Date shall be the notice address provided by such Foreign Borrower in the Applicant Borrower Request and
Assumption Agreement delivered pursuant to Section 2.33(a). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b).

 (b) Electronic Communications. Notices and other communications to the Lenders and the Issuing Lenders hereunder may be delivered
or furnished by electronic communication (including e-mail, FpML messaging, 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 or
Issuing Lender pursuant to Section 2 if such Lender or Issuing Lender, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Section by electronic communication. The Administrative Agent, the
Swingline Lender, the Euro Swingline Lender, the Issuing Lenders or any Borrower may each, 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. 

  
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 (c) Unless the Administrative Agent otherwise prescribes, (i) notices and other
communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other
written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause
(i) of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice, email or other communication is not sent during the normal business
hours of the recipient, such notice, email or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

(d) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT
WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.
In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Borrower, any Lender, any Issuing Lender or any other Person for losses, claims, damages,
liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Company’s, any Loan Party’s or the Administrative Agent’s transmission of Borrower Materials or notices through the platform, any other
electronic platform or electronic messaging service, or through the Internet. 
 (e) Change of Address, Etc. Each of the Borrowers,
the Administrative Agent, the Issuing Lenders, the Euro Swingline Lender and the Swingline Lender may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other
Lender may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the Borrowers, the Administrative Agent, the Issuing Lenders, the Euro Swingline Lender and the Swingline Lender. In addition,
each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, facsimile number and electronic mail address to which
notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the
“Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable
Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public
information with respect to the Company or its securities for purposes of United States Federal or state securities laws. 
 (f) Reliance
by Administrative Agent, Issuing Lenders and Lenders. The Administrative Agent, the Issuing Lenders and the Lenders shall be entitled to rely and act upon any notices (including telephonic notices, Borrowing Notices, Conversion/Continuation
Notices, Applications, Euro Swingline Loan Notices, Swingline Loan Notices and Notices of Loan Prepayment) 

  
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purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of
notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers shall indemnify the Administrative Agent, each Issuing Lender, each Lender and the Related Parties of each
of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of any Borrower. All telephonic notices to and other telephonic communications with the
Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 
 9.3.
No Waiver; Cumulative Remedies; Enforcement. No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder (including, without limitation, in respect
of the Company Guarantee) or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise
of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies
hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the
Administrative Agent in accordance with Section 7 for the benefit of all the Lenders and the Issuing Lenders; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the
rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any Issuing Lender, the Swingline Lender or the Euro Swingline Lender from exercising the rights
and remedies that inure to its benefit (solely in its capacity as an Issuing Lender, Swingline Lender or Euro Swingline Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in
accordance with Section 9.7 (subject to the terms of Section 2.23), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under
any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the
Administrative Agent pursuant to Section 7 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.23, any Lender may, with the consent of the Required
Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 
 9.4. Survival of Representations
and Warranties. All representations and warranties made hereunder, in the other Loan Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this
Agreement and the making of the Loans and other extensions of credit hereunder. 
 9.5. Costs and Expenses; Indemnity; Damage Waiver.

 (a) Costs and Expenses. Each Borrower agrees (a) to pay or reimburse the Administrative Agent and the Joint Lead Arrangers
and their Affiliates for all their reasonable out-of- pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the other Loan Documents
and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby, including the reasonable fees and disbursements of

  
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counsel to the Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to the Borrowers prior to the Closing Date (in the
case of amounts to be paid on the Closing Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (b) to pay all customary fees incurred by any Issuing Lender
in connection with the amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, (c) to pay or reimburse each Lender, Agent, Joint Book Runner and Joint Lead Arranger for all its reasonable costs and expenses
incurred in connection with the enforcement or preservation of any rights (i) under this Agreement, the other Loan Documents and any such other documents, including its rights under this Section, or (ii) in connection with the Loans made
or the 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, in each case, including the reasonable fees and
disbursements of counsel (including the allocated expenses of in-house counsel) to each Lender and of counsel to the Administrative Agent, and (d) to pay, indemnify, and hold each Lender, Agent, Joint Book Runner and Joint Lead Arranger
harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other taxes, if any, that may be payable or determined to be payable in connection with the
execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents and
any other documents delivered by a Group Member in connection with any Loan Document or the transactions contemplated thereby. 
 (b)
Indemnification by the Borrowers. The Borrowers shall indemnify, and hold the Administrative Agent (and any sub-agent thereof), each Lender, Issuing Lender, Agent, Joint Book Runner and Joint Lead Arranger and their respective Related Parties
(each, an “Indemnitee”) harmless from and against any and all other liabilities, obligations, claims, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with
respect to the execution, delivery, enforcement, performance and administration of this Agreement, any Letter of Credit, any other Loan Document and any such other documents, including any of the foregoing relating to the use of proceeds of the
Loans or the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of any Group Member or any of the Properties and the reasonable fees and expenses of legal counsel in connection with claims,
actions or proceedings by any Indemnitee against any Loan Party under any Loan Document or any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other
theory, whether brought by a third party or by the Borrowers or any other Loan Party, and regardless of whether any Indemnitee is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”), provided that
the Borrowers shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final and nonappealable decision of a court of competent jurisdiction to have
resulted from the gross negligence or willful misconduct of such Indemnitee. Without limiting the foregoing, and to the extent permitted by applicable law, each Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby
waives and agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or
nature, under or related to Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee to the extent of the Indemnitee’s liability as an owner (and not as an operator or arranger under Environmental Laws). No
Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this
Agreement or the other Loan Documents or the transactions contemplated hereby or thereby; provided, that the Borrowers shall have no obligation hereunder to any Indemnitee with respect to such damages to the extent such damages are found by a final
and nonappealable decision of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such 

  
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Indemnitee. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such
Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages
resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(c) Reimbursement by Lenders. To the extent that the Borrowers for any reason fail to indefeasibly pay any amount required under
subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), any Issuing Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent
(or any such sub-agent), the applicable Issuing Lender or such Related Party, as the case may be, such Lender’s Revolving Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such
unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or such Issuing Lender
in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) or such Issuing Lender in connection with such capacity. The obligations of the Lenders under this subsection
(c) are subject to the provisions of Section 2.23(f). 
 (d) Payments. All amounts due under this Section 9.5 shall be
payable not later than 10 days after written demand therefor. Statements payable by the Borrowers pursuant to this Section 9.5 shall be submitted to the Company at its address set forth in Section 9.2 or to such other Person or address as
may be hereafter designated by the Company in a written notice to the Administrative Agent. 
 (e) Survival. The agreements in this
Section shall survive the resignation of the Administrative Agent, the Issuing Lenders, the Swingline Lender and the Euro Swingline Lender, the replacement of any Lender, the termination of the Total Commitments and the repayment, satisfaction or
discharge of all the other Obligations. 
 9.6. Successors and Assigns; Participations and Assignments. 

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby (including any affiliate of an Issuing Lender that issues any Letter of Credit), except that (i) no Borrower may assign or otherwise transfer any of its rights or obligations
hereunder without the prior written consent of the Administrative Agent and each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer
its rights or obligations hereunder except in accordance with this Section 9.6. No assignment by a Lender hereunder shall be made to (i) any Borrower or any Borrower’s Affiliates or Subsidiaries, (ii) a natural person,
(iii) an Assignee for which it is unlawful, or any Governmental Authority has asserted that it is unlawful, for such Assignee or its applicable lending office(s) to make, maintain or fund Loans to, or to participate in Letters of Credit issued
for the account of, each Foreign Borrower that is a party to this Agreement at the time of such assignment or (iv) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of
the foregoing Persons described in this clause (iv). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants
to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Lenders and the Lenders) any legal or equitable right, remedy or
claim under or by reason of this Agreement. 

  
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 (b) Assignments by Lenders. (i) Subject to the conditions set forth in paragraph
(b)(ii) below, any Lender may assign to one or more assignees (each, an “Assignee”) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments, Multicurrency Subcommitments and
the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed) of: 

(A) the Company, provided that no consent of the Company shall be required for an assignment (1) to a Lender, (2) to
a Lender Affiliate or an Approved Fund if such Lender Affiliate or Approved Fund is a Qualifying Bank, or (3) if any Event of Default has occurred and is continuing, to any other Person; 

(B) the Administrative Agent, each Issuing Lender, the Swingline Lender, and the Euro Swingline Lender; provided that the
consent of the Administrative Agent, each Issuing Lender, the Swingline Lender and the Euro Swingline Lender shall not be required for an assignment to an Assignee that is a Lender, a Lender Affiliate, or an Approved Fund; and 

(C) the Issuing Lenders if such assignment increases the obligation of the assignee to participate in exposure under one or
more Letters of Credit (whether or not then outstanding). 
 (ii) Assignments shall be subject to the following additional conditions: 

(A) except in the case of an assignment to a Lender, a Lender Affiliate or an Approved Fund or an assignment of the entire
remaining amount of the assigning Lender’s Commitments, the amount of the Commitments of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered
to the Administrative Agent) shall not be less than $10,000,000 unless each of the Company and the Administrative Agent otherwise consent, provided that (1) no such consent of the Company shall be required if an Event of Default has occurred
and is continuing and (2) that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single assignee (or to an assignee and members of its Assignee Group) will be treated as a
single assignment for purposes of determining whether such minimum amount has been met; 
 (B) each partial assignment shall
be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this clause (B) shall not apply to rights in respect of
Swingline Loans or Euro Swingline Loans; 
 (C) the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation
fee in the case of any assignment and the Assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in the form supplied by the Administrative Agent; 

(D) in the case of an assignment by a Multicurrency Lender of all or a portion of its Commitment, such assignment must include
a ratable assignment of such 

  
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Multicurrency Lender’s Multicurrency Subcommitment to the extent that the amount of its Commitment being assigned is greater than the excess, if any, of the amount of such Commitment over
the amount of such Multicurrency Lender’s Multicurrency Subcommitment; and 
 (E) In connection with any assignment of
rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the
Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with
the consent of the Company and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to
(x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of
all Loans and participations in Letters of Credit, Swingline Loans and Euro Swingline Loans in accordance with its Revolving Percentage or Multicurrency Revolving Percentage, as applicable. Notwithstanding the foregoing, in the event that any
assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting
Lender for all purposes of this Agreement until such compliance occurs. 
 (iii) Subject to acceptance and recording thereof
pursuant to paragraph (b)(iv) below, from and after the effective date specified in each Assignment and Assumption the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have
the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case
of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.24, 2.25, 2.26 and
9.5). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.6 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 (c) of this Section. 
 (iv) The Administrative Agent, acting for this purpose
as an agent of the Borrowers (and such agency being solely for tax purposes), shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the
recordation of the names and addresses of the Lenders, and the Commitments of, and principal amount (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the
“Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrowers, the Administrative Agent, the Issuing Lenders and the Lenders may treat each Person whose name is recorded in the Register
pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation
of designation, of any Lender as a Defaulting Lender. The Register shall be available for inspection by the Borrowers and any Lenders at any reasonable time and from time to time upon reasonable prior notice. 

  
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 (v) Upon its receipt of a duly completed Assignment and Assumption executed by
an assigning Lender and an Assignee, the Assignee’s completed administrative questionnaire (unless the Assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any
written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective
for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 
 (c) Participations. Any
Lender may, without the consent of the Borrowers, the Administrative Agent, the Swingline Lender, the Euro Swingline Lender or any Issuing Lender, sell participations to any Person (other than a natural person, a Defaulting Lender or the Borrowers
or any of the Borrowers’ Affiliates or Subsidiaries); provided that such Person is a Qualifying Bank (each, a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all
or a portion of its Commitments and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (C) the Borrowers, the Administrative Agent, the Issuing Lenders and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations
under this Agreement. Any agreement 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 may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver that (1) requires the consent of each Lender directly affected thereby
pursuant to the proviso to the second sentence of Section 9.1 and (2) directly affects such Participant. Each Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.24, 2.25 and 2.26 to the same extent as if
it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section (it being understood that the documentation required under Section 2.25(e) shall be delivered to the Lender who sells the
participation) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of
Section 2.27 and Section 2.28 as if it were an assignee under paragraph (b) of this Section and (B) shall not be entitled to receive any greater payment under Section 2.24 or Section 2.25,
with respect to any participation, than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from any change in a Requirement of
Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Company’s request and expense, to use reasonable efforts to cooperate with the Company to effectuate the
provisions of Section 2.28 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.7(b) as though it were a Lender, provided such Participant shall be
subject to Section 9.7(a) as though it were a Lender. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 9.5(c) without regard to the existence of any participation. Each Lender that sells a
participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s
interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the
identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is
necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive
absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register 

  
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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. 
 (d) Certain Pledges. Any Lender may at
any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, 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. 
 (e) Additional Notes. Each Borrower, upon receipt of written notice from the relevant Lender, agrees to
issue Notes to any Lender requiring Notes to facilitate transactions of the type described in this Section 9.6. 
 (f) Special
Purpose Funding Vehicles. Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a Conduit Lender identified as such in writing from time to time by the Granting Lender to the
Administrative Agent and the Borrowers the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make pursuant to this Agreement, provided that such Conduit Lender is a Qualifying Bank. Each party
hereto hereby agrees that (i) neither the grant to any Conduit Lender nor the exercise by any Conduit Lender of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrowers under this
Agreement, (ii) no Conduit Lender shall be liable for any indemnity or similar payment obligation under this Agreement for which a Lender would be liable, and (iii) the Granting Lender shall for all purposes, including the approval of any
amendment, waiver or other modification of any provision of any Loan Document, remain the lender of record hereunder. The making of a Loan by a Conduit Lender hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as
if, such Committed Loan were made by such Granting Lender. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after
the payment in full of all outstanding commercial paper or other senior debt of any Conduit Lender, it will not institute against, or join any other Person in instituting against, such Conduit Lender any bankruptcy, reorganization, arrangement,
insolvency, or liquidation proceeding under the laws of the United States or any State thereof. Notwithstanding anything to the contrary contained herein, any Conduit Lender may (i) with notice to, but without prior consent of the Borrowers and
the Administrative Agent and with the payment of a processing fee of $3,500 (which processing fee may be waived by the Administrative Agent in its sole discretion), assign all or any portion of its right to receive payment with respect to any Loan
to the Granting Lender and (ii) disclose on a confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or Guarantee or credit or liquidity enhancement
to such Conduit Lender. 
 (g) Resignation as Issuing Lender; Swingline Lender or Euro Swingline Lender. Notwithstanding anything to
the contrary contained herein, if at any time Bank of America assigns all of its Commitment and Loans pursuant to Section 9.6(b), Bank of America may, (i) upon 30 days’ notice to the Borrowers and the Lenders, resign as an Issuing
Lender and/or (ii) upon 30 days’ notice to the Borrowers, resign as Swingline Lender and/or (iii) upon 30 days’ notice to the Borrowers, Bank of America, N.A., London Branch may resign as Euro Swingline Lender. In the event of
any such resignation as Issuing Lender or as Swingline Lender or as Euro Swingline Lender, the Borrowers shall be entitled to appoint from among the Lenders a successor Issuing Lender, Swingline Lender or Euro Swingline Lender hereunder;
provided, however, that no failure by the Borrowers to appoint any such successor shall affect the resignation of Bank of America as Issuing Lender or Swingline Lender, as the 

  
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case may be, or Bank of America, N.A., London Branch as Euro Swingline Lender. If Bank of America resigns as Issuing Lender, it shall retain all the rights and obligations of the Issuing Lender
hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as Issuing Lender and all L/C Obligations with respect thereto (including the right to require the Lenders to fund risk participations in respect
of any Letter of Credit pursuant to Section 2.8). If Bank of America resigns as Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with respect to Swingline Loans made by it and outstanding as of the
effective date of such resignation, including the right to require the Lenders to fund risk participations in outstanding Swingline Loans pursuant to Section 2.5. If Bank of America, N.A. London Branch resigns as Euro Swingline Lender, it shall
retain all the rights of the Euro Swingline Lender provided for hereunder with respect to Euro Swingline Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to fund risk
participations in outstanding Euro Swingline Loans pursuant to Section 2.5. If Bank of America resigns as Swingline Lender and as an Issuing Lender, Bank of America shall also resign as Administrative Agent. 

9.7. Adjustments, Set-off; Pari Passu Treatment. (a) Except to the extent that this Agreement expressly provides for payments to
be allocated to a particular Lender, if any Lender (a “Benefited Lender”) shall, at any time after the Loans and other amounts payable hereunder shall immediately become due and payable pursuant to Section 7, receive any
payment of all or part of the Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 7(f), or otherwise),
in a greater proportion than any such payment to or collateral received by any other relevant Lender, if any, in respect of the Obligations owing to such other relevant Lender, such Benefited Lender shall purchase for cash from the other relevant
Lenders a participating interest in such portion of the Obligations owing to each such other relevant Lender, or shall provide such other relevant Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefited Lender
to share the excess payment or benefits of such collateral ratably with each of the relevant Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase
shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 
 (b) In addition
to any rights and remedies of the Lenders provided by law, each Lender shall, so long as any Event of Default has occurred and is continuing, have the right, without prior notice to the Borrowers, any such notice being expressly waived by the
Borrowers to the extent permitted by applicable law, upon any amount becoming due and payable by any Borrower hereunder (whether at the stated maturity, by acceleration or otherwise), to set off and appropriate and apply against such amount any and
all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any
time held or owing by such Lender, any Lender Affiliate or any branch or agency thereof to or for the credit or the account of the Borrowers. Each Lender agrees promptly to notify the Borrowers and the Administrative Agent after any such setoff and
application made by such Lender, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

(c) Following the occurrence and during the continuance of any Event of Default, each Lender agrees that it shall be deemed to have,
automatically upon the occurrence of such Event of Default, purchased from each other Lender a participation in the risk associated with the Obligations held by such other Lender, so that the aggregate principal amount of the Obligations held by
each Lender shall be equivalent to such Lender’s Revolving Percentage of the Obligations. Upon demand by the Administrative Agent, made at the request of the Required Lenders, each Lender that has purchased such participation (a
“Purchasing Lender”) shall pay the amount of such participation to the Administrative 

  
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Agent for the account of each Lender whose Outstanding Extensions of Credit exceed their Revolving Percentage of the Obligations. Any such participation may, at the option of such Purchasing
Lender, be paid in Dollars or in an applicable Foreign Currency (the “Funding Currency”) (in an amount equal to the then applicable Dollar Equivalent or Foreign Currency Equivalent, as applicable, amount of such participation) and
such payment shall be converted by the Administrative Agent at the Exchange Rate into the currency of the Obligations in which such participation is being purchased. The Borrowers agree to indemnify each Purchasing Lender for any loss, cost or
expense incurred by such Purchasing Lender as a result of entering into any reasonable hedging arrangements between the Funding Currency and the currency of the Obligations in which such participation is being purchased in connection with the
funding of such participation or as a result of any payment on account of such participation in a currency other than that funded by the Purchasing Lender. 

(d) Each Borrower expressly consents to the foregoing arrangements and agrees that any Person holding such a participation in the Obligations
deemed to have been so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all moneys owing by such Borrower to such Person as fully as if such Person had made a Loan directly to such
Borrower in the amount of such participation. 
 (e) In the event that any Defaulting Lender shall exercise any such right of setoff,
(x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.37 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 Lenders and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in
reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. 
 9.7A. Payments Set
Aside. To the extent that any payment by or on behalf of any Borrower is made to the Administrative Agent, the Issuing Lenders or any Lender, or the Administrative Agent, the Issuing Lenders or any Lender exercises its right of setoff, and such
payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, the Issuing
Lenders or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part
thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and Issuing Lender severally agrees to pay to the
Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per
annum equal to the Overnight Rate from time to time in effect. The obligations of the Lenders and the Issuing Lenders under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this
Agreement. 
 9.8. Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of
separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile or other electronic imaging means (e.g.,
“pdf” or “tif”) shall be effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Company and the Administrative Agent. 

9.9. Severability. If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable,
(a) the legality, validity and enforceability of the remaining 

  
 105 

 
provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal,
invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 9.9, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting
Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the Issuing Lenders, the Euro Swingline Lender or the Swingline Lender, as applicable, then such provisions shall be deemed to be in effect only
to the extent not so limited. 
 9.10. Integration. This Agreement and the other Loan Documents represent the entire agreement of the
Borrower, the Administrative Agent and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Lender relative to the subject matter
hereof not expressly set forth or referred to herein or in the other Loan Documents. 
 9.11. GOVERNING LAW. THIS AGREEMENT AND THE
OTHER LOAN DOCUMENTS AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS
EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

9.12. SUBMISSION TO JURISDICTION; WAIVERS. 

(a) EACH BORROWER HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR
DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER, ANY ISSUING LENDER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT
FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW
YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER
JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR ISSUING LENDER MAY OTHERWISE HAVE TO BRING ANY
ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY BORROWERS OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

  
 106 

 (b) EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (A) OF THIS
SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(c) EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 9.2. NOTHING IN THIS
AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 
 (d) EACH BORROWER
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY LEGAL ACTION OR PROCEEDING REFERRED TO IN THIS SECTION ANY SPECIAL, EXEMPLARY, PUNITIVE OR
CONSEQUENTIAL DAMAGES. 
 9.13. Acknowledgements; No Advisory or Fiduciary Responsibilities. Each Borrower hereby acknowledges that:

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

(b) neither the Administrative Agent nor any Lender has any fiduciary relationship with or duty to the Borrower arising out of or in
connection with this Agreement or any of the other Loan Documents, and the relationship between Administrative Agent and Lenders, on one hand, and the Borrower, on the other hand, in connection herewith or therewith is solely that of debtor and
creditor; and 
 (c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions
contemplated hereby among the Lenders or among the Borrower and the Lenders. 
 In connection with all aspects of each transaction
contemplated hereby, each Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) the credit facilities provided for hereunder and any related arranging or other services in connection therewith
(including in connection with any amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Borrowers and their respective Affiliates, on the one hand, and the
Administrative Agent, Joint Book Runners, Joint Lead Arrangers and Lenders, on the other hand, and the Borrowers are capable of evaluating and understanding and understand and accept the terms, risks and conditions of the transactions contemplated
hereby and by the other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process leading to such transaction, the Administrative Agent, Joint Book Runners, Joint Lead
Arrangers and Lenders, each is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary, for any of the Borrower or any of their respective Affiliates, stockholders, creditors or employees or any other Person;
(iii) neither the Administrative Agent, any Joint Book Runner, any Joint Lead Arranger nor any Lender has assumed or will assume an advisory, agency or fiduciary responsibility in favor of any Borrower with respect to any of the transactions
contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any 

  
 107 

 
other Loan Document (irrespective of whether the Administrative Agent, any Joint Book Runner, any Joint Lead Arranger or any Lender has advised or is currently advising any of the Borrowers or
their respective Affiliates on other matters) and neither the Administrative Agent, any Joint Book Runner, any Joint Lead Arranger nor any Lender has any obligation to any of the Borrowers or their respective Affiliates with respect to the
transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; (iv) the Administrative Agent, Joint Book Runners, Joint Lead Arrangers and Lenders and their respective Affiliates may be
engaged in a broad range of transactions that involve interests that differ from those of the Borrowers and their respective Affiliates, and neither the Administrative Agent, any Joint Book Runner, any Joint Lead Arranger nor any Lender has any
obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship; and (v) the Administrative Agent, Joint Book Runners, Joint Lead Arrangers and Lenders have not provided and will not provide any legal,
accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and each Borrower has consulted its own legal, accounting,
regulatory and tax advisors to the extent it has deemed appropriate. Each Borrower hereby waives and releases, to the fullest extent permitted by law, any claims that it may have against the Administrative Agent, any Joint Book Runner, any Joint
Lead Arranger or any Lender with respect to any breach or alleged breach of agency or fiduciary duty. 
 9.14. Confidentiality. Each
of the Administrative Agent and each Lender agrees to keep confidential all non-public information provided to it by any Loan Party pursuant to this Agreement that is designated by such Loan Party as confidential; provided that nothing herein shall
prevent the Administrative Agent or any Lender from disclosing any such information (a) to the Administrative Agent, any other Lender or any Lender Affiliate, but in the case of Lender Affiliates, only in connection with this Agreement and
matters related thereto (and not for any other purpose), (b) subject to an agreement to comply with the provisions of this Section 9.14, to any actual or prospective Transferee or any direct or indirect counterparty to any Hedge Agreement
(or any professional advisor to such counterparty), (c) to its employees, directors, agents, attorneys, accountants and other professional advisors or those of any of its affiliates, (d) upon the request or demand of any Governmental
Authority, (e) in response to any order of any court or other Governmental Authority or as may otherwise be required pursuant to any Requirement of Law, (f) if requested or required to do so in connection with any litigation or similar
proceeding, (g) that has been publicly disclosed, (h) to the National Association of Insurance Commissioners or any similar organization or any nationally recognized rating agency that requires access to information about a Lender’s
investment portfolio in connection with ratings issued with respect to such Lender, (i) on a confidential basis to (x) any rating agency in connection with rating the Company or its Subsidiaries or the credit facility provided hereunder or
(y) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facility provided hereunder or (j) in connection with the exercise of
any remedy hereunder or under any other Loan Document. To the extent permitted by law, in the case of all requests, demands, responses or requirements referenced in clauses (d), (e) and (f) (in each case, other than in connection with
routine bank examinations, the Administrative Agent or the Lender, as the case may be, shall use reasonable commercial efforts to notify the Borrower with respect to such request, demand, response or requirement in order to afford the Borrower an
opportunity to take such actions as Borrower deems appropriate to protect such Confidential Information. 
 9.15. WAIVERS OF JURY
TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

  
 108 

 9.16. USA PATRIOT ACT Notice. Each Lender that is subject to the Act (as hereinafter
defined), the Swingline Lender, the Euro Swingline Lender, each Issuing Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers that pursuant to the requirements of the USA PATRIOT Act (Title
III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies each Borrower (including any Applicant Borrower), which information includes the
name and address of such Borrower and other information that will allow such Lender or the Administrative Agent, the Swingline Lender, the Euro Swingline Lender or such Issuing Lender, as applicable, to identify such Borrower in accordance with the
Act. The Borrowers shall, promptly following a request by the Administrative Agent or any Lender provide all documentation and other information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations
under applicable “know your customer” and anti-money laundering rules and regulations, including the Act. 
 9.17. Transitional
Arrangements. (a) On the Closing Date, this Agreement shall supersede the Existing Credit Agreement in its entirety, except as provided in this Section 9.17. On the Closing Date, the rights and obligations of the parties evidenced by
the Existing Credit Agreement shall be evidenced by this Credit Agreement and the other Loan Documents, and the Designated Letters of Credit issued by any Issuing Lender for the account of the Company prior to the Closing Date shall be converted
into Letters of Credit under this Credit Agreement. Without limiting the generality of the foregoing and to the extent necessary, the Lenders and the Administrative Agent reserve all of their rights under the Existing Credit Agreement and the
Company hereby obligates itself again in respect of all present and future Obligations under, inter alia, the Existing Credit Agreement, as amended and restated by this Credit Agreement. 

(b) All interest and fees and expenses, if any, owing or accruing under or in respect of the Existing Credit Agreement through the Closing
Date shall be calculated as of the Closing Date (pro rated in the case of any fractional periods), and shall be paid on the Closing Date. Commencing on the Closing Date, the facility fee hereunder shall be payable by the Company to the
Administrative Agent for the account of the Lenders in accordance with Section 2.14. 
 9.18. Electronic Execution of Assignments
and Certain Other Documents. The words “execute,” “execution,” “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the
transactions contemplated hereby (including without limitation Assignment and Assumptions, amendments or other modifications, Borrowing Notices, Conversion/Continuation Notices, Euro Swingline Loan Notices, Notices of Loan Prepayment, Swing Line
Loan Notices, waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in
electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable
law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that
notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to
procedures approved by it. 

  
 109 

 9.19. Acknowledgement and Consent to Bail-In of EEA 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 Lender that is an EEA 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 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 Resolution Authority to any such liabilities arising hereunder which may
be payable to it by any Lender that is an EEA Financial Institution; and 
 (b) the effects of any Bail-in Action on any such liability,
including, if applicable: 
 (i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such
liability under this Agreement or any other Loan Document; 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. 
 [Remainder of page left blank
intentionally; Signature page to follow.] 

  
 110 

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

			
	KENNAMETAL INC.
		
	By:	 	 /s/ Mark J. Olyarnik

	Name:	 	Mark J. Olyarnik
	Title:	 	Treasurer
	
	KENNAMETAL EUROPE GMBH
		
	By:	 	 /s/ Johannes Berting

	Name:	 	Johannes Berting
	Title:	 	Managing Director
		
	By:	 	 /s/ Harald Männlein

	Name:	 	Harald Männlein
	Title:	 	Managing Director/Director of Finance EYEA

 [Kennametal – Signature Page to Credit Agreement] 

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

		
	By:	 	 /s/ Anthea Del Bianco

	Name:	 	Anthea Del Bianco
	Title:	 	Vice President

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	 BANK OF AMERICA, N.A.,
 as a
Lender, an Issuing Lender and Swingline Lender

		
	By:	 	 /s/ Richard R. Powell

	Name:	 	Richard R. Powell
	Title:	 	Vice President

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	BANK OF AMERICA, N.A., LONDON BRANCH, as Euro Swingline Lender
		
	By:	 	 /s/ Fiona Malitsky

	Name:	 	Fiona Malitsky
	Title:	 	Vice President

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	 PNC BANK, NATIONAL ASSOCIATION,

as a Lender and as an Issuing Lender

		
	By:	 	 /s/ James P. O’Brien

	Name:	 	James P. O’Brien
	Title:	 	Vice President

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	 JPMORGAN CHASE BANK, N.A.,

as a Lender

		
	By:	 	 /s/ Deborah R. Winkler

	Name:	 	Deborah R. Winkler
	Title:	 	Vice President

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	 BRANCH BANKING AND TRUST COMPANY,

as a Lender

		
	By:	 	 /s/ John K. Perez

	Name:	 	John K. Perez
	Title:	 	Senior Vice President

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	 CITIZENS BANK OF PENNSYLVANIA,

as a Lender

		
	By:	 	 /s/ Jeffrey Mills

	Name:	 	Jeffrey Mills
	Title:	 	Vice President

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	 COMMERZBANK AG NEW YORK BRANCH,

as a Lender

		
	By:	 	 /s/ Christian Pohl

	Name:	 	Christian Pohl
	Title:	 	Director
		
	By:	 	 /s/ Ignacio Campillo

	Name:	 	Ignacio Campillo
	Title:	 	Managing Director

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	 FIRST COMMONWEALTH BANK,
 as
a Lender

		
	By:	 	 /s/ Stephen J. Orban

	Name:	 	Stephen J. Orban
	Title:	 	Senior Vice President

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	 HSBC BANK USA, N.A.,

as a Lender

		
	By:	 	 /s/ Christopher Helmeci

	Name:	 	Christopher Helmeci
	Title:	 	Senior Vice President

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	 MIZUHO BANK, LTD.,
 as a
Lender

		
	By:	 	 /s/ Takayuki Tomii

	Name:	 	Takayuki Tomii
	Title:	 	Managing Director

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender
		
	By:	 	 /s/ Mustafa Khan

	Name:	 	Mustafa Khan
	Title:	 	Director

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	 THE HUNTINGTON NATIONAL BANK,

as a Lender

		
	By:	 	 /s/ Michael Kiss

	Name:	 	Michael Kiss
	Title:	 	Vice President

  
 [Kennametal –
Signature Page to Credit Agreement] 

 
			
	 U.S. BANK NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	 /s/ Ken Gorski

	Name:	 	Ken Gorski
	Title:	 	Vice President

  
 [Kennametal –
Signature Page to Credit Agreement] 

 SCHEDULE 1 

Foreign Borrowers 

FOREIGN BORROWER(S) 
 KENNAMETAL
EUROPE GmbH 

 SCHEDULE 2.6 

Designated Letters of Credit 
 See
Annex A. 

 Annex A 

BANK OF AMERICA STANDBY LETTERS OF CREDIT OUTSTANDING AS OF APRIL 1, 2016 

***Insurance carriers require 60 days to complete requirement review 
  

																											
	 Issue

Date
	  	Expiration
Date	 	  	 	  	Issuing Bank	  	Standby LC #	  	 Beneficiary
	  	 Coverage
	  	Currency	  	as of 4-1-16
LOC Amount	 	  	 	  	 	 
	 2/14/2014
	  	 	2/14/2016	  	  		  	Bank of America	  	68101847	  	Her Majesty the Queen in Right	  	Enviromental issue	  	CAD	  	$	250,000.00	  	  	USD
EQUIV	  	$	193,303.95	  
	 9/9/2014
	  	 	9/19/2016	  	  		  	Bank of America	  	68106554	  	Her Majesty the Queen in Right	  	Canadian Revenue GST Audit	  	CAD	  	$	12,600,000.00	  	  	USD
 EQUIV
	  	$	9,742,519.08	  
	 6/16/2015
	  	 	6/16/2016	  	  		  	Bank of America	  	68112578	  	State of Nevada EPA	  	Enviromental issue	  	USD	  	$	980,750.00	  	  		  			
	 6/21/2002
	  	 	4/11/2016	  	  	E	  	Bank of America	  	1333227	  	ACE Insurance Company 1	  	Casualty insurance claims	  	USD	  	$	424,702.00	  	  		  			
	 7/26/2002
	  	 	7/1/2016	  	  	E	  	Bank of America	  	1343308	  	C&RM - Direct Collateral Division	  	Casualty insurance claims	  	USD	  	$	250,000.00	  	  		  			
	 8/2/2005
	  	 	7/1/2016	  	  	E	  	Bank of America	  	68007733	  	Sentry Insurance	  	Casualty insurance claims	  	USD	  	$	3,100,000.00	  	  		  			
		  				  		  		  		  		  		  	USD	  	$	4,755,452.00	  	  		  			
	 1. Letter of credit in the
process of being cancelled.
	  	CAD	  	$	12,850,000.00	  	  		  			
			
		  	TOTAL USD	  	$	14,691,275.03	  

 SCHEDULE 3.12(d) 

Pension Plans 
  

	1.	KMT Retirement Income Plan (RIP). 

  

	2.	KMT UAW Local 1059 Pension Plan for Hourly Rated Production and Maintenance Employees (Latrobe Hourly). 

 SCHEDULE 3.15 

Environmental Disclosures 

FY16 Year End Environmental Reporting 
  

			
	 Environmental Remediation
Summary
	 	 Notices of Violation / Consent
Orders

	Arivec, Georgia	 	Belleville Stellite, Ontario, Canada (C.O. –
	AER Augusta, Georgia	 	FY14)
	Belleville Stellite, Ontario, Canada	 	Greenfield, Massachusetts (FY16 Q1)
		 	Houston, Texas (NOV – FY16)
	Bedford Casings, Pennsylvania	 	
	Clemson, South Carolina	 	
	Essen, Germany	 	
	Hardenberg, Netherlands	 	
	Houston, Texas	 	
	Huntsville, Alabama	 	
	Konigsee, Germany	 	
	Milano, Italy	 	
	Neunkirchen, Germany	 	
	Port Coquitlam, British Columbia, Canada	 	
	Sheffield, UK	 	

 All matters listed in the table above are reflected in the consolidated financial statements of the Kennametal Inc. for the
period ending March 31, 2016. 

 SCHEDULE 3.19 

Subsidiaries 
 See Annex B.

 Annex B 

SUBS 
 KENNAMETAL INC. 

SUBSIDIARIES, BRANCHES, AND AFFILIATES 

1/31/2016 
  

																			
	 	 	 	  	 	  	 	  	OWNERSHIP	 	  	 
	 	 	 	  	 	  	 	  	DIRECT	 	  	INDIRECT	  	 	 	  	 
	 	 	 	  	 Country Inc.
	  	SAP CO
CODE	  	%	 	  	%	  	VIA	 	  	NOTES
	 AMERICAS:
	  		  		  				  		  				  	
	   1
	 	Kennametal Inc.	  	U.S. (PA)	  	5101	  				  		  				  	(1)
	   2
	 	Kennametal Holdings Europe Inc.	  	U.S. (DE)	  	5121	  	 	100	  	  		  				  	
	   3
	 	Kennametal Holdings, LLC	  	U.S. (DE)	  	n/a	  				  	100	  	 	2	  	  	
	   4
	 	Kennametal Hungary Holdings Inc.	  	U.S. (DE)	  	5123	  	 	100	  	  		  				  	
	   5
	 	Hanita Cutting Tools, Inc.	  	U.S. (NJ)	  	5169	  				  	100	  	 	71	  	  	
	   6
	 	Deloro Stellite Holdings Corporation (DSHC)	  	U.S. (DE)	  	5137	  				  	100	  	 	2	  	  	
	   7
	 	DSGP LLC	  	U.S. (DE)	  	n/a	  				  	100	  	 	6	  	  	
	   8
	 	Kennametal Stellite, L.P.	  	U.S. (DE)	  	5138	  				  	99.9	  	 	6	  	  	(1)(2)
		 		  		  		  				  	0.1	  	 	7	  	  	
	   9
	 	Kennametal Stellite, Inc	  	Canada (Ontario)	  	5140	  				  	100	  	 	6	  	  	(1)
	 10
	 	Kennametal Ltd.	  	Canada (Ontario)	  	5105	  				  	100	  	 	45	  	  	(1)
	 11
	 	Kennametal de México, S.A. de C.V.	  	Mexico	  	5108	  	 	99	  	  	1	  	 	2	  	  	
	 12
	 	Kennametal Argentina S.A.	  	Argentina	  	5132	  				  	97	  	 	46	  	  	
		 		  		  		  				  	3	  	 	15	  	  	
	 13
	 	Kennametal do Brasil LtdA.	  	Brazil	  	5134	  				  	100	  	 	46	  	  	
	 14
	 	Comercializadora Kennametal Bolivia S.R.L.	  	Bolivia	  	5145	  				  	99	  	 	46	  	  	
		 		  		  		  				  	1	  	 	15	  	  	
	 15
	 	Kennametal Chile LtdA.	  	Chile	  	5146	  				  	100	  	 	46	  	  	
	 EUROPE
	  		  		  				  		  				  	
	 16
	 	Kennametal Holding GmbH	  	Germany	  	5222	  				  	100	  	 	51	  	  	
	 17
	 	Kennametal GmbH	  	Germany	  	5225	  				  	100	  	 	16	  	  	
	 18
	 	Kennametal Produktions GmbH & Co. KG	  	Germany	  	5201	  				  	99.999	  	 	17	  	  	General (1)
		 		  		  		  				  	0.001	  	 	20	  	  	Limited
	 19
	 	Kennametal Produktions GmbH & Co. KG (Biel Branch)	  	Switzerland	  	5413	  				  	BRANCH	  	 	18	  	  	
	 20
	 	Kennametal Deutschland GmbH	  	Germany	  	5202	  				  	100	  	 	17	  	  	
	 21
	 	Kennametal Widia Beteiligungs GmbH	  	Germany	  	5233	  				  	100	  	 	16	  	  	
	 22
	 	Widia GmbH	  	Germany	  	5237	  				  	100	  	 	16	  	  	(1)
	 23
	 	Kennametal Widia Produktions GmbH & Co. KG	  	Germany	  	5230	  				  	99.99	  	 	22	  	  	General (1)
		 		  		  		  				  	0.01	  	 	21	  	  	Limited
	 24
	 	Kennametal Belgium S.p.r.l.	  	Belgium	  	5206	  				  	99.99	  	 	17	  	  	
		 		  		  		  				  	0.01	  	 	38	  	  	
	 25
	 	Kennametal UK Limited	  	England	  	5204	  				  	100	  	 	17	  	  	
	 26
	 	Kennametal Logistics UK Ltd.	  	England	  	5274	  				  	100	  	 	25	  	  	
	 27
	 	Kennametal Manufacturing UK Ltd.	  	England	  	5265	  				  	100	  	 	25	  	  	(1)
	 28
	 	ISIS GHH Limited	  	England	  	n/a	  	 	21	  	  		  				  	(2)
	 29
	 	Kennametal Stellite Unlimited	  	England	  	5425	  				  	100	  	 	30	  	  	
	 30
	 	Kennametal Stellite UK Limited	  	England	  	5424	  				  	100	  	 	8	  	  	(1)
	 31
	 	Kennametal Stellram Limited	  	England	  	5435	  				  	100	  	 	51	  	  	(1)

  
 1 of 3 

 SUBS 

KENNAMETAL INC. 

SUBSIDIARIES, BRANCHES, AND AFFILIATES 

1/31/2016 
  

																	
	 	  	 	  	 	  	 	  	OWNERSHIP	  	 	 
	 	  	 	  	 	  	 	  	DIRECT	  	INDIRECT	  	 	  	 	 
	 	  	 	  	 Country Inc.
	  	SAP CO
CODE	  	%	  	%	  	VIA	  	NOTES	 
	 32
	  	Kennametal France S.A.S.	  	France	  	5205	  		  	100	  	17	  			
	 33
	  	Kennametal Hungaria Kft.	  	Hungary	  	5227	  		  	98	  	16	  			
		  		  		  		  		  	2	  	17	  			
	 34
	  	Kennametal Hungary Finance Services Kft.	  	Hungary	  	5238	  	90	  	10	  	4	  			
	 35
	  	Kennametal Italia S.p.A.	  	Italy	  	5209	  		  	65.9	  	17	  	 	(1)	  
	 36
	  	Kennametal Italia Produzione S.R.L.	  	Italy	  	5412	  		  	100	  	35	  			
	 37
	  	Kennametal Stellram S.r.L.	  	Italy	  	5440	  		  	100	  	17	  			
	 38
	  	Kennametal Nederland B.V.	  	Netherlands	  	5207	  		  	100	  	51	  			
	 39
	  	Kennametal Produkcja Sp. z o.o.	  	Poland	  	5415	  		  	100	  	40	  			
	 40
	  	Kennametal Sp. z o.o.	  	Poland	  	5250	  		  	34.36	  	17	  	 	(1)	  
		  		  		  		  		  	65.64	  	41	  			
	 41
	  	Kennametal Polska Sp. z o.o.	  	Poland	  	5243	  		  	100	  	17	  			
	 42
	  	Kenci S.L.	  	Spain	  	5248	  		  	100	  	17	  			
	 43
	  	Kennametal GmbH - organizační složka	  	Czech Republic	  	5251	  		  	BRANCH	  	17	  	 	(1)	  
	 44
	  	Kennametal GmbH - Zweigniederlassung Österreich	  	Austria	  	5241	  		  	BRANCH	  	17	  			
	 45
	  	Kennametal Luxembourg S.à.r.l.	  	Luxembourg	  	5411	  	0.1	  	99.9	  	46	  			
	 46
	  	Kennametal Luxembourg Holding S.à.r.l.	  	Luxembourg	  	5416	  		  	100	  	47	  			
	 47
	  	Kennametal Holdings, LLC Luxembourg S.C.S.	  	Luxembourg	  	5433	  		  	Partnership	  	3	  	 	General	  
		  		  		  		  		  	99.9	  	2	  	 	Limited	  
	 48
	  	Kennametal Manufacturing Barcelona S.L.	  	Spain	  	5407	  		  	100	  	42	  			
	 49
	  	Kenci Lda.	  	Portugal	  	5406	  		  	100	  	42	  			
	 50
	  	Meturit AG	  	Switzerland	  	5239	  		  	100	  	22	  			
	 51
	  	Kennametal Europe GmbH	  	Switzerland	  	5268,
5269	  		  	100	  	46	  			
	 52
	  	Kennametal Kesici Takimlar Sanayi ve Ticaret A.S.	  	Turkey	  	5252	  		  	100	  	17	  			
	 53
	  	Kennametal Infrastructure GmbH	  	Germany	  	5278	  		  	100	  	17	  			
	 54
	  	Kennametal Infrastructure GmbH, Fürth, Zweigniederlassung Biel / Bienne	  	Switzerland	  	5402	  		  	BRANCH	  	53	  			
	 55
	  	Kennametal Logistics GmbH	  	Germany	  	5275	  		  	100	  	16	  			
	 56
	  	Kennametal Shared Services GmbH	  	Germany	  	5276	  		  	100	  	16	  			
	 57
	  	Kennametal Widia Real Estate GmbH & Co. KG	  	Germany	  	5270	  	5.1	  	94.9	  	22	  	 	Limited	  
		  		  		  		  		  	Partnership	  	51	  	 	General	  
	 58
	  	Kennametal Real Estate GmbH & Co. KG	  	Germany	  	5272	  	5.1	  	94.9	  	18	  	 	Limited	  
		  		  		  		  		  	Partnership	  	51	  	 	General	  
	 59
	  	Kennametal (Deutschland) Real Estate GmbH & Co. KG	  	Germany	  	5271	  	5.1	  	94.9	  	20	  	 	Limited	  
		  		  		  		  		  	Partnership	  	51	  	 	General	  
	 60
	  	Rübig Real Estate GmbH & Co. KG	  	Germany	  	5273	  	5.1	  	94.9	  	17	  	 	Limited	  
		  		  		  		  		  	Partnership	  	51	  	 	General	  
	 61
	  	Kennametal Sintec Keramik GmbH	  	Germany	  	5401	  		  	100	  	16	  			
	 62
	  	Kennametal Sintec Holding GmbH	  	Germany	  	5404	  		  	100	  	45	  			
	 63
	  	DS Verwaltungsgesellschaft GmbH	  	Germany	  	5426	  		  	100	  	6	  			

 SUBS 

KENNAMETAL INC. 

SUBSIDIARIES, BRANCHES, AND AFFILIATES 

1/31/2016 

																	
	 	  	 	  	 	  	 	 	  	OWNERSHIP	  	 
	 	  	 	  	 	  	 	 	  	DIRECT	  	INDIRECT	  	 	  	 
	 	  	 	  	 Country Inc.
	  	SAP CO
CODE	 	  	%	  	%	  	VIA	  	NOTES
	 64
	  	Kennametal Stellite Holding GmbH & Co. KG	  	Germany	  	 	5427	  	  		  	66.6	  	6	  	General
	 65
	  		  		  				  		  	33.4	  	17	  	Limited
	 66
	  	OOO Kennametal	  	Russia	  	 	5409/5410	  	  		  	99	  	51	  	
	 67
	  		  		  				  		  	1	  	TBD	  	
	 68
	  		  		  				  		  		  		  	
	 69
	  	Kennametal South Africa (Proprietary) Limited	  	South Africa	  	 	5320	  	  	100	  		  		  	
	 70
	  	Kennametal Manufacturing S.A. (Proprietary) Limited	  	South Africa	  	 	5434	  	  	100	  		  		  	
	 71
	  	Hanita Metal Works, Ltd.	  	Israel	  	 	5335	  	  		  	100	  	51	  	
	ASIA PACIFIC:	  		  				  		  		  		  	
	 72
	  	Kennametal Australia Pty Ltd.	  	Australia	  	 	5301	  	  	100	  		  		  	
	 73
	  	Kennametal Hardpoint (Shanghai) Co. Ltd.	  	China	  	 	5319	  	  		  	100	  	79	  	
	 74
	  	Kennametal (China) Co. Ltd.	  	China	  	 	5331	  	  		  	100	  	79	  	
	 75
	  	Sunshine Powder-Tech (Shanghai) Ltd.	  	China	  	 	5333	  	  		  	100	  	78	  	
	 76
	  	Kennametal (Baotou) Company Ltd.	  	China	  	 	5337	  	  		  	100	  	79	  	
	 77
	  	Kennametal Stellite (Shanghai) Co. Ltd.	  	China	  	 	5339	  	  		  	58	  	6	  	Joint Venture (1)
	 78
	  	Kennametal Sintec Keramik Asia Ltd.	  	Hong Kong	  	 	5332	  	  		  	100	  	62	  	
	 79
	  	Kennametal Asia (HK) Ltd.	  	Hong Kong	  	 	5316	  	  		  	100	  	45	  	
	 80
	  	Kennametal India Limited	  	India	  	 	5323	  	  		  	75	  	50	  	
	 81
	  	Kennametal Shared Services Private Limited	  	India	  	 	5330	  	  	99	  	1	  	2	  	(1)
	 82
	  	Kennametal Japan Ltd.	  	Japan	  	 	5306	  	  	100	  		  		  	
	 83
	  	Kennametal (Xuzhou) Company Ltd.	  	China	  	 	5336	  	  		  	100	  		  	
	 84
	  	Kennametal (Malaysia) Sdn. Bhd.	  	Malaysia	  	 	5314	  	  	100	  		  		  	
	 85
	  	Kennametal (Singapore) Pte Ltd.	  	Singapore	  	 	5302	  	  	100	  		  		  	
	 86
	  	Kennametal Distribution Services Asia Pte Ltd.	  	Singapore	  	 	5325	  	  	100	  		  		  	
	 87
	  	Kennametal Korea Ltd.	  	South Korea	  	 	5322	  	  	100	  		  		  	
	 88
	  	Kennametal Hardpoint (Taiwan) Inc.	  	Taiwan	  	 	5321	  	  	100	  		  		  	
	 89
	  	Kennametal (Thailand) CO., Ltd	  	Thailand	  	 	5303	  	  	100	  		  		  	

 NOTES: 

	(1)	Manufacturing Company 

	(2)	Not Consolidated 

	(3)	Fully Diluted 

  
 3 of 3 

 SCHEDULE 6.2(d) 

Existing Indebtedness 
 (In
thousands) 
  

							
	 2.65% Senior Notes due 2019
	  		  	$	400,000	  
	 3.875% Senior Notes due 2022
	  		  	$	300,000	  
	 Kennametal Turkey
	  	Euros 745	  	$	810	  
	 Kennametal Hardpoint Shanghai
	  	RMB 17,017	  	$	2,597	  
	 Capitalized Leases
	  		  	$	989	  
		  		  	  
	  
	 
			
		  		  	$	704,396	  

 Note: Excludes bonds payable discount of $506 thousand as of March 31, 2016 

 SCHEDULE 6.3(f) 

Existing Liens 
 None. 

 SCHEDULE 6.5 

Affiliate Transactions 
  

	1.	Any Qualified Receivables Transaction. 

  

	2.	Payment of customary compensation to executive officers and directors for companies comparable to Kennametal, Inc. 

 SCHEDULE 6.10 

Permitted Dispositions 
 None. 

 EXHIBIT A 

FORM OF BORROWING NOTICE 
  

	TO:	Bank of America, N.A., as Administrative Agent 

  

	RE:	Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement”; capitalized terms used herein and not defined herein are used herein as defined therein), among Kennametal Inc., a Pennsylvania corporation, the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders
from time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ,
Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto 

  

	DATE:	[Date] 

  
  

The [Company] [Foreign Borrower referred to in item 7 below (the “Applicable Foreign Borrower”)] hereby requests a Borrowing
of Revolving Loans: 
  

	 	1.	Which will be [Dollar Revolving Loans] [Multicurrency Loans]. 

  

	 	2.	On                      (a Business Day). 

 

	 	3.	In the principal amount of [$][£][€][C$][Y]                     . 

 

	 	4.	Comprised of                     . 

[Type of Loan] 
  

	 	5.	For Eurocurrency Loans: with an Interest Period of [[1][2][3][6] months] [[1][2][3] week[s]]. 

  

	 	6.	In the following currency: [Dollars][Sterling][Euros][Canadian Dollars][Yen]. 

  

	 	7.	                     [Insert name of Applicable Foreign Borrower]. 

The undersigned Borrower hereby represents and warrants that the conditions specified in Sections 4.2(a) and (b) of the
Credit Agreement shall be satisfied on and as of the Borrowing Date. 
 Delivery of an executed counterpart of a signature page to this
Borrowing Notice by facsimile or other electronic imaging means (e.g., “pdf” or “tif”) shall be effective as deliver of a manually executed counterpart of this Borrowing Notice. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned Borrower has executed and delivered this Borrowing Notice as
of the date first written above. 
  

			
	 [KENNAMETAL INC.,
 as a
Borrower

		
	By:	 	  

	Name:	 	
	Title:	 	]
	
	 [[                    ],

as a Foreign Borrower

		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	]

 EXHIBIT B 

FORM OF CONVERSION/CONTINUATION NOTICE 
  

	TO:	Bank of America, N.A., as Administrative Agent 

  

	RE:	Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement”; capitalized terms used herein and not defined herein are used herein as defined therein), among Kennametal Inc., a Pennsylvania corporation, the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders
from time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ,
Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto 

  

	DATE:	[Date] 

  
  

[FOR CONVERSIONS] 
 The
[Company] [Foreign Borrower referred to in item 6 below (the “Applicable Foreign Borrower”)] hereby requests a conversion of Revolving Loans comprised of [Eurocurrency] [ABR] Loans: 

 

	 	1.	On                      (a Business Day). 

 

	 	2.	Such Revolving Loans are to be converted into [ABR] [Eurocurrency] Loans. 

  

	 	3.	The Revolving Loans to be converted are denominated in Dollars. 

  

	 	4.	The aggregate amount of Revolving Loans to be converted is $              . 

 

	 	5.	[The Interest Period for such Eurocurrency Loans shall be [[1][2][3][6] months] [[1][2][3] week[s]].1 

 

	 	6.	                     [Insert name of Applicable Foreign Borrower]. 

[FOR CONTINUATIONS] 
 The
[Company] [Foreign Borrower referred to in item 7 below (the “Applicable Foreign Borrower”)] hereby requests a continuation of Revolving Loans comprised of Eurocurrency Loans: 

 

	 	1.	On(a Business Day). 

  

	 	2.	The Revolving Loans to be continued are denominated in [Dollars] [Sterling] [Euros] [Canadian Dollars] [Yen]. 

 

	1 	For conversion into Eurocurrency Loans only. 

	 	4.	The principal amount of Revolving Loans to be continued is [$][C$][€][£]              . 

 

	 	5.	The Interest Period for such Eurocurrency Loans shall be [[1][2][3][6] months] [[1][2][3] week[s]. 

[The undersigned Borrower hereby certifies that no Event of Default
exists.]2 
 Delivery of an executed counterpart of a signature page to this
Conversion/Continuation Notice by facsimile or other electronic imaging means (e.g., “pdf” or “tif”) shall be effective as deliver of a manually executed counterpart of this Conversion/Continuation Notice. 

[Signature Page Follows] 

 

	2 	This certification is applicable to conversions to Eurocurrency Loans and continuations of Eurocurrency Loans, in each case, that are denominated in Dollars. 

 IN WITNESS WHEREOF, the undersigned Borrower has executed and delivered this
Conversion/Continuation Notice as of the date first written above. 
  

			
	 [KENNAMETAL INC.,
 as a
Borrower

		
	By:	 	  

	Name:	 	
	Title:	 	]
	
	 [[                    ],

as a Foreign Borrower

		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	]

 EXHIBIT C 

FORM OF SWINGLINE LOAN NOTICE 
  

	TO:	Bank of America, N.A., as Swingline Lender 

 Bank of America, N.A., as Administrative Agent 

 

	RE:	Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement”; capitalized terms used herein and not defined herein are used herein as defined therein), among Kennametal Inc., a Pennsylvania corporation, the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders
from time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ,
Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto 

  

	DATE:	[Date] 

  
  

The Company hereby requests a Swingline Loan: 
  

	 	1.	On                      (a Business Day). 

 

	 	2.	In the amount of $             . 

The borrowing of Swingline Loans requested herein complies with the requirements of the provisos to the first sentence of
Section 2.4(a) of the Credit Agreement. 
 The Company hereby represents and warrants that the conditions specified in Sections
4.2(a) and (b) of the Credit Agreement shall be satisfied on and as of the Borrowing Date. 
 Delivery of an executed counterpart
of a signature page to this Swingline Loan Notice by facsimile or other electronic imaging means (e.g., “pdf” or “tif”) shall be effective as deliver of a manually executed counterpart of this Swingline Loan Notice. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Swingline Loan Notice as of
the date first written above. 
  

			
	KENNAMETAL INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT D 

FORM OF EURO SWINGLINE LOAN NOTICE 
  

	TO:	Bank of America, N.A., London Branch, as Euro Swingline Lender 

 Bank of America, N.A., as
Administrative Agent 
  

	RE:	Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement”; capitalized terms used herein and not defined herein are used herein as defined therein), among Kennametal Inc., a Pennsylvania corporation, the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders
from time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ,
Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto 

  

	DATE:	[Date] 

  
  

The undersigned hereby requests a Euro Swingline Loan: 
  

	 	1.	On                      (a Business Day). 

 

	 	2.	In the amount of €              . 

The borrowing of Euro Swingline Loans requested herein complies with the requirements of the provisos to the first sentence of
Section 2.4(c) of the Credit Agreement. 
 The undersigned hereby represents and warrants that the conditions specified in
Sections 4.2(a) and (b) of the Credit Agreement shall be satisfied on and as of the Borrowing Date. 
 Delivery of an
executed counterpart of a signature page to this Euro Swingline Loan Notice by facsimile or other electronic imaging means (e.g., “pdf” or “tif”) shall be effective as deliver of a manually executed counterpart of this Euro
Swingline Loan Notice. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Euro Swingline Loan Notice as
of the date first written above. 
  

			
	[                            ],
	as a Foreign Borrower
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT E 

FORM OF COMPLIANCE CERTIFICATE 

This Compliance Certificate is delivered pursuant to Section 5.2(b) of the Fourth Amended and Restated Credit Agreement, dated as of
April 15, 2016 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”; capitalized terms used herein and not defined herein are used herein as defined therein),
among Kennametal Inc., a Pennsylvania corporation (the “Company”), the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders from time to time party thereto, Bank of America, N.A., London Branch, as Euro
Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co- syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ, Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America,
N.A., as the administrative agent (in such capacity, the “Administrative Agent”), and the other parties thereto. 
 1. I am
the duly elected, qualified and acting [Chief Executive Officer] [President] [Chief Financial Officer] [Treasurer] [Assistant Treasurer] [Controller] of the Company. 

2. I have reviewed and am familiar with the contents of this Compliance Certificate. 

3. I have reviewed the terms of the Credit Agreement and the Loan Documents and have made or caused to be made under my supervision, a review
in reasonable detail of the transactions and condition of the Company and its consolidated Subsidiaries during the accounting period covered by the financial statements attached hereto as Attachment 1 or in lieu of Attachment 1, such
financial statements for the fiscal [year][quarter] dated [            , 20     ] that the Company has made available on the internet at www.kennametal.com or by similar
electronic means, (the “Financial Statements”). Such Financial Statements include a Supplemental Detail Schedule identifying components of Consolidated EBITDA as built up from Net Income on a quarter by quarter basis. Such review
did not disclose the existence during or at the end of the accounting period covered by the Financial Statements, and I have no knowledge of the existence as of the date of this Compliance Certificate, of any condition or event which constitutes a
Default or Event of Default[, except as set forth below]. 
 4. Attached hereto as Attachment 2 are the computations showing
compliance with the covenants set forth in Section 6.1 of the Credit Agreement and the computations including the aggregate cumulative amount of the cash restructuring charges. 

5. Attachment 3 identifies any Subsidiary of the Company which is not already a Subsidiary Guarantor and which is required to become a
Subsidiary Guarantor pursuant to Section 5.10 of the Credit Agreement. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, I have executed this Compliance Certificate this day     
of             , 20    . 
  

			
	  

	Name:	 	
	Title:	 	

 Attachment 1 

to Compliance Certificate 
 The
information described herein is as of             ,         , and pertains to the period from
            ,          to             ,         .

 [Set forth Financial Statements] 

 Attachment 2 

to Compliance Certificate 
 The
information described herein is as of             ,         , and pertains to the period from
            ,          to             ,        .

 [Set forth Covenant Calculations] 

 For the Fiscal Quarter/Year
ended                     (“Statement Date”) 
  

	I.	Section 6.1(a) – Consolidated Leverage Ratio. 

  

							
	 A.
	  	Aggregate Indebtedness - Unrestricted Domestic Cash in excess of $25,000,000 on the Statement Date:	  	$	 	  
			
	 B.
	  	 Consolidated EBITDA:
 (for the last four (4)
fiscal Quarters)
	  	$	        	  
			
	 C.
	  	Ratio of “A” to “B”:	  			
		
	 Maximum Consolidated Leverage Ratio permitted
	  	 	[3.75]1 [3.50]2:1.00	  

  

	II.	Section 6.1(b) – Consolidated Interest Coverage Ratio. 

  

							
	 A.
	  	Consolidated EBITDA:	  	$	 	  
			
	 B.
	  	 Consolidated Adjusted Interest Expense:
 (For
the last four (4) fiscal quarters)
	  	$	        	  
			
	 C.
	  	Ratio of “A” to “B”:	  			
		
	 Minimum Consolidated Interest Coverage Ratio permitted
	  	 	3.50: 1.00	  

  

	III.	Calculation of aggregate cumulative cash restructuring charges for purposes of clause (d) of the definition of Consolidated EBITDA. 

 

							
	 A.
	  	Cash restructuring charges described under clause B. below incurredduring four fiscal quarter period ending on the Statement Date:	  	$	        	  
			
	 B.
	  	Aggregate cumulative amount of cash restructuring charges incurred during any fiscal quarter, commencing with the fiscal quarter ended March 31, 2016, through the fiscal quarter ending December 31, 2017 (or any earlier fiscal
quarter in which the maximum aggregate cumulative amount of such charges referred to below is first incurred), to the extent that such cash restructuring charges for any such quarter when added with all cash restructuring charges for all prior such
quarters (including any such quarter which may precede the four fiscal quarter period ending on the Statement Date) do not exceed the maximum amount set forth below:	  	$	 	  
		
	Maximum allowed under definition for Consolidated EBITDA	  	$	120,000,000.00	  

  

	1 	Select for any Statement Date ending on or prior to March 31, 2017. 

	2 	Select for any Statement Date ending after March 31, 2017. 

 Attachment 3 

to Compliance Certificate 

[Additional Significant Subsidiaries of the Company] 

 EXHIBIT F 

FORM OF FOURTH AMENDED AND RESTATED GUARANTEE 

FOURTH AMENDED AND RESTATED GUARANTEE (this “Guarantee”), dated as of April 15, 2016, made by each of the corporations
that are signatories hereto (the “Guarantors”), in favor of BANK OF AMERICA, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the lenders (the “Lenders”) party to the
Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as it may hereafter be amended, modified, extended or restated from time to time, the “Credit Agreement”), among Kennametal Inc., a Pennsylvania
corporation (the “Company”) and the other Borrowers party thereto, the Lenders from time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank,
N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ, Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as the Administrative Agent and the other parties thereto. 

W I T N E S S E T H: 

WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make Loans and other extensions of credit to the Borrowers
upon the terms and subject to the conditions set forth therein; 
 WHEREAS, the Borrowers are members of an affiliated group of Persons that
includes each Guarantor; 
 WHEREAS, each of the Guarantors has guaranteed the Company’s obligations to the administrative agent and
lenders party to the Existing Credit Agreement pursuant to that certain Third Amended and Restated Guarantee, dated as of June 25, 2010 (the “Existing Guarantee”) made by certain of the Guarantors in favor of the administrative
agent under the Existing Credit Agreement; 
 WHEREAS, the Existing Credit Agreement shall be amended and restated in its entirety by the
Credit Agreement as set forth therein and shall remain in full force and effect only as set forth therein; 
 WHEREAS, each of the
Guarantors wishes to continue to guarantee (or, in the case of any Guarantor hereunder which is not a party to the Existing Guarantee, to guarantee), jointly and severally, absolutely and unconditionally, the payment and performance of the
Borrowers’ obligations to the Lenders, the Issuing Lenders, the Administrative Agent and the other Indemnitees under or in respect of the Credit Agreement as provided herein; 

WHEREAS, the proceeds of the extensions of credit will be used in part to enable the Borrowers to make valuable transfers (as determined as
provided herein) to each Guarantor in connection with the operation of its business; 
 WHEREAS, the Company, the other Borrowers and the
Guarantors are engaged in related businesses, and each Guarantor will derive substantial direct and indirect benefit from the making of the extensions of credit; 

WHEREAS, each of the Guarantors party to the Existing Guarantee and the Administrative Agent on behalf of itself and the Lenders wish to amend
and restate the Existing Guarantee as herein provided; and 

 WHEREAS, it is a condition precedent to the obligation of the Lenders and the Issuing Lenders to
make their respective Loans or other extensions of credit to the Borrowers under the Credit Agreement that each Guarantor shall have executed and delivered this Guarantee to the Administrative Agent for the ratable benefit of the Lenders, the
Issuing Lenders, the Administrative Agent and the other Indemnitees. 
 NOW, THEREFORE, in consideration of the premises and to induce the
Administrative Agent and the Lenders to enter into the Credit Agreement and to induce the Lenders and the Issuing Lenders to make their respective loans and other extensions of credit to the Borrowers under the Credit Agreement, the Guarantors
hereby agree with the Administrative Agent, for the ratable benefit of the Lenders, the Issuing Lenders, the Administrative Agent and the other Indemnitees, as follows: 

1. Defined Terms. (a) Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the
meanings given to them in the Credit Agreement. 
 (b) The words “hereof,” “herein” and “hereunder” and words
of similar import when used in this Guarantee shall refer to this Guarantee as a whole and not to any particular provision of this Guarantee, and section and paragraph references are to this Guarantee unless otherwise specified. 

(c) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. 

2. Guarantee. (a) Each of the Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees to the
Administrative Agent, for the ratable benefit of the Lenders, the Issuing Lenders, the Administrative Agent and the other Indemnitees under the Credit Agreement and their respective successors, indorsees, transferees and assigns, the prompt and
complete payment and performance by the Borrowers when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations. 

(b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of each Guarantor hereunder and under
the other Loan Documents shall in no event exceed the amount which can be guaranteed by such Guarantor under applicable federal and state laws relating to the insolvency of debtors (after giving effect to the right of contribution established in
Section 3) without rendering such Guarantor insolvent under such laws. 
 (c) Each Guarantor agrees that the Obligations may at any
time and from time to time exceed the amount of the liability of such Guarantor hereunder without impairing this Guarantee or affecting the rights and remedies of the Administrative Agent hereunder. 

(d) This Guarantee shall remain in full force and effect until all the Obligations and the obligations of each Guarantor under this Guarantee
shall have been satisfied by payment in full, no Letter of Credit shall be outstanding and the Commitments shall be terminated, notwithstanding that from time to time during the term of the Credit Agreement the Borrowers may be free from any
Obligations. 
 (e) No payment made by the Company, any other Borrower, any of the Guarantors, any other guarantor or any other Person or
received or collected by the Administrative Agent from the Company, any other Borrower, any of the Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time
or from time to time in reduction of or in payment of the Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall, notwithstanding any such payment (other than any payment made
by such Guarantor in respect of the Obligations or any payment received or collected from such Guarantor in respect of the Obligations), remain liable for the Obligations up to the maximum liability of such Guarantor hereunder until the Obligations
are paid in full, no Letter of Credit shall be outstanding and the Commitments are terminated. 

  
 -2- 

 3. Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor
shall have paid more than its proportionate share of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such
payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of Section 4. The provisions of this Section 3 shall in no respect limit the obligations and liabilities of any Guarantor to the
Administrative Agent and the Lenders, and each Guarantor shall remain liable to the Administrative Agent and the Lenders for the full amount guaranteed by such Guarantor hereunder. 

4. No Subrogation. Notwithstanding any payment made by any Guarantor hereunder or any set-off or application of funds of any Guarantor
by the Administrative Agent or any Lender, no Guarantor shall be entitled to be subrogated to any of the rights of the Administrative Agent or any Lender against the Company, any other Borrower or any other Guarantor or any collateral security or
guarantee or right of offset held by the Administrative Agent or any Lender for the payment of the Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Company, any other Borrower or any other
Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Administrative Agent and the Lenders by the Borrowers on account of the Obligations are paid in full, no Letter of Credit shall be outstanding and the
Commitments are terminated. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Obligations shall not have been paid in full, such amount shall be held by such Guarantor in trust for the
Administrative Agent and the Lenders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Administrative Agent in the exact form received by such Guarantor (duly indorsed by such
Guarantor to the Administrative Agent, if required), to be applied against the Obligations, whether matured or unmatured, in such order as the Administrative Agent may determine. 

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

6. Guarantee Absolute and Unconditional. Each Guarantor waives any and all notice of the creation, renewal, extension or accrual of any
of the Obligations and notice of or proof of reliance by the Administrative Agent or any Lender upon this Guarantee or acceptance of this Guarantee; the Obligations, and any of them, shall conclusively be deemed to have been created, contracted or
incurred, or renewed, extended, amended or waived, in reliance upon, this Guarantee; and all dealings between the 

  
 -3- 

 
Company, any other Borrower and any of the Guarantors, on the one hand, and the Administrative Agent and the Lenders, on the other hand, likewise shall be conclusively presumed to have been had
or consummated in reliance upon this Guarantee. Each Guarantor waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon the Company, any other Borrower or any of the Guarantors with respect to the
Obligations. Each Guarantor understands and agrees that this Guarantee shall be construed as a continuing, absolute and unconditional guarantee of payment and performance of the Obligations without regard to (a) the validity or enforceability
of the Credit Agreement or any other Loan Document, any of the Obligations or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by the Administrative Agent or any
Lender, (b) any defense, set-off or counterclaim (other than a defense of payment or performance) which may at any time be available to or be asserted by the Borrowers or any other Person against the Administrative Agent or any Lender, or
(c) any other circumstance whatsoever (with or without notice to or knowledge of any of the Borrowers or such Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge of the Borrowers for the
Obligations, or of such Guarantor under this Guarantee, in bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Guarantor, the Administrative Agent or any Lender
may, but shall be under no obligation to, make a similar demand on or otherwise pursue such rights and remedies as it may have against the Company, any other Borrower, any other Guarantor or any other Person or against any collateral security or
guarantee for the Obligations or any right of offset with respect thereto, and any failure by the Administrative Agent or any Lender to make any such demand, to pursue such other rights or remedies or to collect any payments from the Company, any
other Borrower, any other Guarantor or any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of the Company, any other Borrower, any other Guarantor or any other Person
or any such collateral security, guarantee or right of offset, shall not relieve any Guarantor of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of
law, of the Administrative Agent or any Lender against any Guarantor. For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings. 

7. Reinstatement. This Guarantee shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any
part thereof, of any of the Obligations is rescinded or must otherwise be restored or returned by the Administrative Agent or any Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrowers or any Guarantor,
or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Company, any other Borrower or any Guarantor or any substantial part of its property, or otherwise, all as though such
payments had not been made. 
 8. Payments. Each Guarantor hereby guarantees that payments hereunder will be paid to the
Administrative Agent without set-off or counterclaim in the relevant currency at the Funding Office. 
 9. Representations and
Warranties. Each Guarantor hereby represents and warrants that: 
 (a) it is duly organized, validly existing and in good standing under
the laws of the jurisdiction of its organization and has the power and authority and the legal right to own and operate its property, to lease the property it operates and to conduct the business in which it is currently engaged; 

(b) it has the power and authority and the legal right to execute and deliver, and to perform its obligations under, this Guarantee, and has
taken all necessary action to authorize its execution, delivery and performance of this Guarantee; 

  
 -4- 

 (c) this Guarantee constitutes a legal, valid and binding obligation of such Guarantor
enforceable in accordance with its terms, except as affected by Debtor Relief Laws, general equitable principles and an implied covenant of good faith and fair dealing; 

(d) the execution, delivery and performance of this Guarantee will not violate any provision of any Requirement of Law or Contractual
Obligation of such Guarantor and will not result in or require the creation or imposition of any Lien on any of the properties or revenues of such Guarantor pursuant to any Requirement of Law or Contractual Obligation of the Guarantor; 

(e) no consent or authorization of, filing with, or other act by or in respect of, any arbitrator or Governmental Authority and no consent of
any other Person (including, without limitation, any stockholder or creditor of such Guarantor) is required in connection with the execution, delivery, performance, validity or enforceability of this Guarantee; 

(f) no litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of such
Guarantor, threatened by or against such Guarantor or against any of its properties or revenues (1) with respect to this Guarantee or any of the transactions contemplated hereby, or (2) which could reasonably be expected to have a Material
Adverse Effect; 
 (g) it has good record and marketable title in fee simple to, or a valid leasehold interest in, all its real property,
and good title to, or a valid leasehold interest in, all its other property, except for such property where the failure to maintain such title or interest, individually or in the aggregate, does not have a Material Adverse Effect, and none of such
property is subject to any Lien except as permitted under the Credit Agreement; and 
 (h) it has filed or caused to be filed all tax
returns which, to its knowledge, are required to be filed and has paid all taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other taxes, fees or other charges imposed on it or any
of its property by any Governmental Authority (other than any the amount or validity of which are currently being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the
books of such Guarantor) except where the failure to file such returns and pay such taxes, fees and other charges, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect; to the knowledge of such
Guarantor, no tax Lien has been filed and no claim is being asserted, with respect to any such tax, fee or other charge that would, if made, have a Material Adverse Effect. 

Each Guarantor agrees that the foregoing representations and warranties shall be deemed to have been made by such Guarantor on the date of
each borrowing by any Borrower under the Credit Agreement on and as of such date of borrowing as though made hereunder on and as of such date. 

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

  
 -5- 

 11. Notices. All notices, requests and demands required or permitted to be given under
this Guarantee shall be given as provided in Section 9.2 of the Credit Agreement, and in the case of any Guarantor, to such Guarantor in care of the Company. 

12. Counterparts. This Guarantee may be executed by one or more of the Guarantors on any number of separate counterparts, and all of
said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the counterparts of this Guarantee signed by all the Guarantors shall be lodged with the Administrative Agent. Delivery of an executed counterpart
of a signature page to this Guarantee by facsimile or other electronic imaging means (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Guarantee. 

13. Severability. Any provision of this Guarantee which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 14. Integration. This Guarantee represents the agreement of each Guarantor with respect
to the subject matter hereof and there are no promises or representations by the Administrative Agent or any Lender relative to the subject matter hereof not reflected herein. 

15. Amendments in Writing, No Waiver, Cumulative Remedies. (a) None of the terms or provisions of this Guarantee may be waived,
amended, supplemented or otherwise modified except by a written instrument executed by each Guarantor and the Administrative Agent, provided that any provision of this Guarantee may be waived by the Administrative Agent and the Lenders in a
letter or agreement executed by the Administrative Agent or by facsimile or other electronic transmission from the Administrative Agent. 

(b) Neither the Administrative Agent nor any Lender shall by any act (except by a written instrument pursuant to Section 15(a) hereof),
delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default or in any breach of any of the terms and conditions hereof. No failure to exercise, nor any
delay in exercising, on the part of the Administrative Agent or any Lender, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other
or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Administrative Agent or any Lender of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which
the Administrative Agent or such Lender would otherwise have on any future occasion. 
 (c) The rights and remedies herein provided are
cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law. 
 16. Section
Headings. The section headings used in this Guarantee are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof. 

17. Successors and Assigns. This Guarantee shall be binding upon the successors and assigns of each Guarantor and shall inure to the
benefit of the Administrative Agent and the Lenders and their successors and assigns. No Guarantor may assign any of its obligations hereunder. 

  
 -6- 

 18. Governing Law. This Guarantee and any claim, controversy, dispute or cause of action
(whether in contract or tort or otherwise) based upon, arising out of or relating to this Guarantee and the transaction contemplated hereby shall be governed by, and construed and interpreted in accordance with, the law of the State of New York.

 19. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR
PROCEEDING RELATING TO THIS GUARANTEE OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 
 20. SUBMISSION TO JURISDICTION;
WAIVERS. 
 (a) EACH GUARANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR
PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER, ANY ISSUING LENDER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS
GUARANTEE OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK,
AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE
ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS GUARANTEE OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR ISSUING LENDER MAY OTHERWISE
HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS GUARANTEE OR ANY OTHER LOAN DOCUMENT AGAINST ANY GUARANTOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(b) EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR
HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTEE OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (A) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(c) EACH PARTY HERETO HEREBY IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 9.2 OF THE CREDIT
AGREEMENT. NOTHING IN THIS GUARANTEE WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

(d) EACH GUARANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO CLAIM OR RECOVER IN ANY LEGAL ACTION OR PROCEEDING REFERRED TO IN THIS SECTION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES. 

  
 -7- 

 IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee to be duly executed and
delivered by its duly authorized officer as of the day and year first above written. 
  

			
	KENNAMETAL HOLDINGS EUROPE, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Kennametal – Signature Page to Guarantee] 

			
	Accepted and Acknowledged:
	
	BANK OF AMERICA, N.A.,
	as Administrative Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Kennametal – Signature Page to Guarantee] 

 EXHIBIT G 

FORM OF ISSUING LENDER AGREEMENT 

ISSUING LENDER AGREEMENT dated as of April 15, 2016 among the Borrowers (as defined below), [NAME OF ISSUING LENDER], as Issuing Lender
(in such capacity, the “Issuing Lender”), and the Administrative Agent (as defined below) for the lenders (the “Lenders”) from time to time party to the Fourth Amended and Restated Credit Agreement, dated as of
April 15, 2016 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”; capitalized terms used herein and not defined herein are used herein as defined therein),
among Kennametal Inc., a Pennsylvania corporation (the “Company”), Kennametal Europe GmbH and the other Foreign Borrowers from time to time party thereto, the Lenders and Issuing Lenders from time to time party thereto, Bank of
America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A. as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ, Ltd., and Mizuho Bank, Ltd., as co-
documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto. 
 The parties hereto have entered into
this Issuing Lender Agreement (this “Agreement”) in connection with the Credit Agreement. 
 Section 1. Designation
as Issuing Lender. The Issuing Lender is hereby designated as an “Issuing Lender” as contemplated by the Credit Agreement and the Issuing Lender agrees, subject to the terms and conditions set forth herein and in the Credit Agreement,
to become an Issuing Lender under the Credit Agreement pursuant to which the Issuing Lender (a) agrees to issue and deliver or to extend the expiry of Letters of Credit; provided that the outstanding L/C Obligations in respect of all Letters of
Credit issued by the Issuing Lender shall not exceed $             , and (b) to act as Issuing Lender with respect to the Designated Letters of Credit specified on Schedule 1 hereto
for the account of the Borrowers in an aggregate undrawn amount at any one time outstanding which does not exceed $             . 

Section 2. Letters of Credit. On the terms and conditions set forth in the Credit Agreement and relying upon the representations
and warranties set forth in the Credit Agreement, the Issuing Lender agrees, at any time and from time to time, in accordance with the provisions of Section 2.6 of the Credit Agreement, to issue Letters of Credit pursuant to the procedures set
forth in Section 2.7 of the Credit Agreement. The Issuing Lender agrees that it shall comply with the obligations applicable to an Issuing Lender under the Credit Agreement, including the obligation to give written or facsimile notice to the
Borrowers and the Administrative Agent of the matters specified in Section 2.13 of the Credit Agreement. 
 Section 3.
Obligation to Reimburse. Each Borrower agrees to reimburse each Issuing Lender all amounts required to pay all drafts presented under Letters of Credit in accordance with the provisions of Section 2.9 of the Credit Agreement. 

Section 4. Payment of Fees. Each Borrower agrees to pay the fees on all outstanding Letters of Credit pursuant to the terms of
Section 2.14 of the Credit Agreement and the applicable Fee Letter among the applicable Borrower, the Issuing Lender and the other parties thereto, including for the account of the Issuing Lender a fronting fee per annum as set forth in the Fee
Letter on the undrawn and unexpired amount of each Letter of Credit by the Issuing 

 
Lender, payable quarterly in arrears on each L/C Fee Payment Date after the issuance date for such Letter of Credit. In addition, the applicable Borrower shall reimburse the Issuing Lender for
customary administrative, issuance, amendment, payment and negotiation charges incurred by such Issuing Lender. 
 Section 5.
Standby and Documentary Credit Practices. Each Borrower agrees that, except as otherwise expressly agreed to in writing by the Issuing Lender and the Borrower prior to the Issuing Lender’s issuance of any Letter of Credit, to the extent
applicable, (i) the rules of the ISP shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each trade Letter of Credit, and, in each case, such rules are incorporated herein by reference and shall be
deemed a part hereof and shall apply to the Letters of Credit and to this Agreement. 
 Section 6. Obligations Absolute. As and
to the extent set forth in Section 2.10 of the Credit Agreement, the obligation of the Borrowers to pay the amounts referred to above in Sections 3 and 4 shall be absolute, unconditional and irrevocable and shall be satisfied strictly in
accordance with the terms of the Credit Agreement and this Agreement. 
 Section 7. Notices. All communications and notices
hereunder shall be given as provided in Section 9.2 of the Credit Agreement. 
 Section 8. Binding Agreement: Assignments.
This Agreement and the terms, covenants and conditions hereof shall bind and inure to the benefit of the parties hereto and their respective successors and assigns, except that neither the Borrowers nor the Issuing Lender shall be permitted to
assign this Agreement or any interest herein without the prior written consent of the other parties to this Agreement. 
 Section 9.
Applicable Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 

Section 10. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall constitute an original
but all of which when taken together shall constitute but one contract. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or other electronic imaging means (e.g., “pdf” or “tif”) shall be
effective as deliver of a manually executed counterpart of this Agreement. 
 Section 11. Interpretation. To the extent that the
terms and conditions of this Agreement conflict with the terms and conditions of the Credit Agreement, the terms and conditions of the Credit Agreement shall control. 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Issuing Lender Agreement as of the
day and year first above written. 
  

			
	KENNAMETAL INC., as a Borrower
		
	By:	 	  

		 	Name:
		 	Title:
	
	KENNAMETAL EUROPE GMBH, as a Borrower
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

					
	[NAME OF ISSUING LENDER], as the Issuing Lender
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
	
	BANK OF AMERICA, N.A., as the Administrative Agent
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 Schedule 1 

to the Issuing Lender Agreement 
  

									
	 Issuer
	  	Issue Date	  	L/C $ Amount	  	Beneficiary	  	Expiration Date
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

 EXHIBIT H 

FORM OF NOTE 

            , 20     

FOR VALUE RECEIVED, the undersigned
                    , a(n)      (the “Borrower”), hereby promises to pay to the order of
                    , (the “Lender”) at the Administrative Agent’s office: 

(a) prior to or on the earlier of the Termination Date or date on which the Loans shall become due and payable in accordance
with Section 7 of the Credit Agreement referred to below, the principal amount of each Loan from time to time made by the Lender to the Borrower pursuant to the Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as
amended and in effect from time to time, the “Credit Agreement”), among Kennametal Inc., a Pennsylvania corporation, the other Borrowers party thereto, the Lenders and Issuing Lenders from time to time party thereto, Bank of
America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association, and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ, Ltd., and Mizuho Bank, Ltd., as
co-documentation agents, Bank of America, N.A., as administrative agent, and the other parties thereto; 
 (b) the principal
outstanding (including, without limitation, any Reimbursement Obligations) hereunder from time to time at the times provided in the Credit Agreement; and 

(c) interest on the unpaid principal amount of each Loan from the date of such Loan until such principal amount is paid in
full, at the times and at the rate provided in the Credit Agreement. 
 This Note evidences borrowings under and has been issued by the
Borrower in accordance with the terms of the Credit Agreement. The Lender and any holder hereof is entitled to the benefits of the Credit Agreement and the other Loan Documents, and may enforce the agreements of the Borrower contained therein, and
any holder hereof may exercise the respective remedies provided for thereby or otherwise available in respect thereof, all in accordance with the respective terms thereof. All capitalized terms used in this Note and not otherwise defined herein
shall have the same meanings herein as in the Credit Agreement. 
 The Borrower has the right in certain circumstances and the obligation
under certain other circumstances to prepay the whole or part of the principal of this Note on the terms and conditions specified in the Credit Agreement. Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained
by the Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse thereon the date, Type, amount, currency and maturity of its Loans and payments with respect thereto. 

If any one or more of the Events of Default shall occur, the entire unpaid principal amount of this Note and all of the unpaid interest
accrued thereon may become or be declared due and payable in the manner and with the effect provided in the Credit Agreement. 

 No delay or omission on the part of the Lender or any holder hereof in exercising any right
hereunder shall operate as a waiver of such right or of any other rights of the Lender or such holder, nor shall any delay, omission or waiver on any one occasion be deemed a bar or waiver of the same or any other right on any further occasion. 

The Borrower and every endorser and guarantor of this Note or the obligation represented hereby waives presentment, demand, notice, protest
and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Note, and assents to any extension or postponement of the time of payment or any other indulgence, and to the addition or
release of any other party or person primarily or secondarily liable. 
 THIS NOTE AND THE OBLIGATIONS OF THE BORROWER HEREUNDER SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK. 
 [Signature Page Follows] 

  
 -2- 

 IN WITNESS WHEREOF, the undersigned has caused this Note to be signed in its corporate
name by its duly authorized officer as of the day and year first above written. 
  

			
	[APPLICABLE BORROWER]
		
	By:	 	  

	Name:	 	
	Title:	 	

											
	 Date
	  	Type of
Loan Made	  	Currency and
Amount of
Loan	  	Amount of
Principal Paid
or Prepaid	  	Balance of
Principal
Unpaid	  	Notation
Made By:
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

 EXHIBIT I 

FORM OF NOTICE OF LOAN PREPAYMENT 
  

	TO:	Bank of America, N.A., as Administrative Agent 

  

	RE:	Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as amended, restated, amended and restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement”; capitalized terms used herein and not defined herein are used herein as defined therein), among Kennametal Inc., a Pennsylvania corporation, the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders
from time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ,
Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto 

  

	DATE:	[Date] 

  
  

The undersigned Borrower hereby notifies the Administrative Agent that on
[                     ]1 pursuant to the terms of Section 2.16 of the Credit
Agreement, such Borrower intends to prepay/repay the following Loans as more specifically set forth below: 
  ̈ Optional prepayment of [Revolving Loans] [Swingline Loans] [Euro Swingline Loans] in the following amount(s): 

 ̈ Eurocurrency Loans:
[$][£][€][C$][Y]                    2 

Applicable Interest Period:
                     
  ̈ ABR Loans: $                    3 

 ̈ Optional prepayment of [Swingline Loans] [Euro Swingline Loans] in the following amount(s):

 $                    4 
  

	1	Specify date of such prepayment. To be a date no earlier than three (3) Business Days prior to the proposed date of prepayment in the case of Eurocurrency Loans
denominated in Dollars or one (1) Business Day prior to the proposed date of prepayment in the case of ABR Loans. To be a date no earlier than three (3) Business Days prior to the proposed date of prepayment in the case of Multicurrency
Loans denominated in Canadian Dollars, Euros and Sterling (or four (4) Business Days in the case of Multicurrency Loans denominated in Yen). 

	2 	Any prepayment of Dollar Revolving Loans shall be in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof. Any prepayment of Multicurrency Loans shall be in a minimum principal
amount of (w) £1,000,000 or a whole multiple of £100,000 in excess thereof, in the case of Multicurrency Loans denominated in Sterling, (x) €1,000,000 or a whole multiple or €100,000 in excess thereof, in the case of
Multicurrency Loans denominated in Euros, (y) C$1,000,000 or a whole multiple or C$100,000 in excess thereof, in the case of Multicurrency Loans denominated in Canadian Dollars, and (z) Y100,000,000 or a whole multiple or Y10,000,000 in
excess thereof, in the case of Multicurrency Loans denominated in Yen. 

	3 	Any prepayment of ABR Loans shall be in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof. 

	4 	Any prepayment of Swingline Loans or Euro Swingline Loans shall be in a minimum principal amount of $100,000. 

 Delivery of an executed counterpart of a signature page to this Notice of Loan Prepayment by
facsimile or other electronic imaging means (e.g., “pdf” or “tif”) shall be effective as deliver of a manually executed counterpart of this Notice of Loan Prepayment. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Notice of Loan Prepayment as
of the date first written above. 
  

			
	[APPLICABLE BORROWER]
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT J-1 

FORM OF 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Kennametal Inc., a Pennsylvania corporation, the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders from
time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ,
Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto. 

Pursuant to the provisions of Section 2.25(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it
is not a ten percent shareholder of the Company within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Company as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Company with a certificate of its non-U.S. Person status on IRS Form W-8BENE
(or W-8BEN, as applicable). By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Company and the Administrative Agent, and
(2) the undersigned shall have at all times furnished the Company and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or
in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and
used herein shall have the meanings given to them in the Credit Agreement. 
  

					
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	  

	
	Date:             , 20[    ]

 EXHIBIT J-2 

FORM OF 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Kennametal Inc., a Pennsylvania corporation, the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders from
time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ,
Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto. 

Pursuant to the provisions of Section 2.25(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Company
within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Company as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BENE (or W-8BEN, as
applicable). By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all
times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

					
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	  

	
	Date:             , 20[    ]

 EXHIBIT J-3 

FORM OF 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Kennametal Inc., a Pennsylvania corporation, the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders from
time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ,
Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto. 

Pursuant to the provisions of Section 2.25(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such participation, neither the
undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code,
(iv) none of its direct or indirect partners/members is a ten percent shareholder of the Company within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign
corporation related to the Company as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating
Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BENE (or W-8BEN, as applicable) or (ii) an IRS Form W-8IMY
accompanied by an IRS Form W-8BENE (or W-8BEN, as applicable) from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if
the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in
either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

					
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	  

	
	Date:             , 20[    ]

 EXHIBIT J-4 

FORM OF 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Kennametal Inc., a Pennsylvania corporation, the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders from
time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ,
Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto. 

Pursuant to the provisions of Section 2.25(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any
Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit
pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the
Company within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Company as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Company with IRS Form W-8IMY accompanied by one of the following forms from
each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BENE (or W-8BEN, as applicable) or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BENE (or W-8BEN, as applicable) from each of such
partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall
promptly so inform the Company and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Company and the Administrative Agent with a properly completed and currently effective certificate in either the calendar
year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless
otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  

					
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	  

	
	Date:             , 20[    ]

 EXHIBIT K 

FORM OF FOREIGN BORROWER 
 REQUEST
AND ASSUMPTION AGREEMENT 
 Date:             ,
         
  

	To:	Bank of America, N.A., as Administrative Agent 

 Ladies and Gentlemen: 

This Foreign Borrower Request and Assumption Agreement is made and delivered pursuant to Section 2.33 of the Fourth Amended and
Restated Credit Agreement, dated as of April 15, 2016 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among Kennametal Inc., a Pennsylvania corporation
(the “Company”), the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders from time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association
and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ, Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties
thereto. All capitalized terms used in this Foreign Borrower Request and Assumption Agreement and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement. 

Each of [                    ] (the
“New Foreign Borrower”) and the Company hereby confirms, represents and warrants to the Administrative Agent and the Lenders that the New Foreign Borrower is a wholly-owned Foreign Subsidiary of the Company. 

The documents required to be delivered to the Administrative Agent and the other conditions required to be satisfied under Section 2.33
of the Credit Agreement will be furnished to the Administrative Agent or satisfied, as applicable, in accordance with the requirements of the Credit Agreement. 

The true and correct unique identification number (if any) that has been issued to the New Foreign Borrower by its jurisdiction of
organization and the name of such jurisdiction are set forth below: 
  

			
	 Identification Number
	  	 Jurisdiction of Organization

		  	
		  	

 The parties hereto hereby confirm that with effect from the date hereof and upon satisfaction of the
conditions set forth in Section 2.33 of the Credit Agreement, the New Foreign Borrower shall have obligations, duties and liabilities toward each of the other parties to the Credit Agreement identical to those which the New Foreign Borrower
would have had if the New Foreign Borrower had been an original party to the Credit Agreement as a Borrower. The New Foreign Borrower confirms its acceptance of, and consents to, all representations and warranties, covenants, and other terms and
provisions of the Credit Agreement. 

 The parties hereto hereby request that the New Foreign Borrower be entitled to receive Loans and
Letters of Credit under the Credit Agreement, and understand, acknowledge and agree that neither the New Foreign Borrower nor the Company on its behalf shall have any right to request any Loans or Letters of Credit for its account unless and until
the date five Business Days after the effective date designated by the Administrative Agent in a Foreign Borrower Notice delivered to the Company and the Lenders pursuant to Section 2.33 of the Credit Agreement. 

The address for notices for the New Foreign Borrower is specified on its signature page hereto. The New Foreign Borrower hereby agrees to the
appointment of the Company as its agent for all purposes under the Credit Agreement and the other Loan Documents, as more fully set forth in Section 2.33(c) of the Credit Agreement. 

This Foreign Borrower Request and Assumption Agreement shall constitute a Loan Document under the Credit Agreement. 

The Company hereby acknowledges and agrees that the Company Guarantee remains in full force and effect, and confirms and ratifies all of its
obligations thereunder, including, without limitation, its guarantee of the Obligations of the New Foreign Borrower. 
 THIS FOREIGN
BORROWER REQUEST AND ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

Delivery of an executed counterpart of a signature page to this Foreign Borrower Request and Assumption Agreement by facsimile or other
electronic imaging means (e.g., “pdf” or “tif”) shall be effective as deliver of a manually executed counterpart of this Foreign Borrower Request and Assumption Agreement. 

[Signature Page Follows] 

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

			
	[NEW FOREIGN BORROWER]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	Address for Notices:
	  

	  

	
	KENNAMETAL INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT L 

FORM OF FOREIGN BORROWER NOTICE 

Date:             ,          

 

	To:	The Company and the Lenders party 

 to the Credit Agreement referred to below 

Ladies and Gentlemen: 
 This Foreign Borrower
Notice is made and delivered pursuant to Section 2.33 of the Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time,
the “Credit Agreement”), among Kennametal Inc., a Pennsylvania corporation (the “Company”), the other Borrowers from time to time party thereto, the Lenders and Issuing Lenders from time to time party thereto, Bank
of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association, and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ, Ltd., and Mizuho Bank, Ltd., as
co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto. All capitalized terms used in this Foreign Borrower Notice and not otherwise defined herein shall have the meanings assigned to them in the
Credit Agreement. 
 The Administrative Agent hereby notifies the Company and the Lenders that effective as of the date hereof
[                     ] shall be a Foreign Borrower and may receive Loans and Letters of Credit for its account on the terms and conditions set forth
in the Credit Agreement. 
 Delivery of an executed counterpart of a signature page to this Foreign Borrower Notice by facsimile or other
electronic imaging means (e.g., “pdf” or “tif”) shall be effective as deliver of a manually executed counterpart of this Foreign Borrower Notice. 

This Foreign Borrower Notice shall constitute a Loan Document under the Credit Agreement. 

 

			
	BANK OF AMERICA, N.A.,
	as Administrative Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT M 

FORM OF CLOSING CERTIFICATE 

Pursuant to Section 4.1(d) of the Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein and not defined herein are used herein as defined therein), among Kennametal Inc., a Pennsylvania corporation (the
“Company”), the other Borrowers party thereto, the Lenders and Issuing Lenders from time to time parties thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association, and JPMorgan Chase
Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of Tokyo-Mitsubishi UFJ, Ltd., and Mizuho Bank, Ltd., as co- documentation agents, Bank of America, N.A., as administrative agent (in such capacity, the
“Administrative Agent”) and the other parties thereto, the undersigned [INSERT TITLE OF OFFICER] of [INSERT NAME OF LOAN PARTY] [the Company] (the “Certifying Loan Party”) hereby certifies as follows: 

1. The representations and warranties of the Certifying Loan Party set forth in each of the Loan Documents to which it is a party or which are contained in
any certificate furnished by or on behalf of the Certifying Loan Party pursuant to any of the Loan Documents to which it is a party are true and correct in all material respects on and as of the date hereof with the same effect as if made on the
date hereof, except for representations and warranties expressly stated to relate to a specific earlier date, in which case such representations and warranties were true and correct in all material respects as of such earlier date. 

2.                     is the duly elected and qualified
[Secretary] [Assistant Secretary] of the Certifying Loan Party and the signature set forth for such officer below is such officer’s true and genuine signature. 

3. No Default or Event of Default has occurred and is continuing as of the date hereof or after giving effect to the Loans to be made on the date hereof and
the use of proceeds thereof. 
 4. [The conditions precedent set forth in Sections 4.1 and 4.2 of the Credit Agreement were satisfied as of the Closing
Date.] 
 5. [Since June 30, 2015, there has been no event or circumstance that has had or could be reasonably expected to have a Material Adverse
Effect] 
 6. [The Debt Rating of the Company on the date hereof is [    ] by Moody’s and [    ] by S&P]1 
 The undersigned [Secretary] [Assistant Secretary] of the Certifying Loan Party
certifies as follows: 
  

	7.	There are no liquidation or dissolution proceedings pending or to my knowledge threatened against the Certifying Loan Party, nor has any other event occurred materially adversely affecting or threatening the continued
corporate existence of the Certifying Loan Party. 

  

	1 	Include bracketed text in items 4, 5 and 6 in the Officer’s Certificate of the Company. 

	8.	The Certifying Loan Party is a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its organization. 

 

	9.	Attached hereto as Annex 1 is a true and complete copy of resolutions duly adopted by the [Board of Directors] [members] of the [General Partner of the] Certifying Loan Party
on                    and                    ;
such resolutions have not in any way been amended, modified, revoked or rescinded, have been in full force and effect since their adoption to and including the date hereof and are now in full force and effect and are the only corporate proceedings
of the Certifying Loan Party now in force relating to or affecting the matters referred to therein. 

  

	10.	Attached hereto as Annex 2 is a true and complete copy of the By-Laws or equivalent organizational document of the Certifying Loan Party as in effect on the date hereof. 

 

	11.	Attached hereto as Annex 3 is a true and complete copy of the Certificate of Incorporation or equivalent organizational document of the Certifying Loan Party as in effect on the date hereof and as certified by
the appropriate Governmental Authority. 

  

	12.	Attached hereto as Annex 4 is a true and complete copy of the good standing certificate or equivalent documentation from the appropriate Governmental Authority. 

 

	13.	The following persons are now duly elected and qualified officers of the Certifying Loan Party holding the offices indicated next to their respective names below, and the signatures appearing opposite their respective
names below are the true and genuine signatures of such officers, and each of such officers is duly authorized to execute and deliver on behalf of the Certifying Loan Party each of the Loan Documents to which it is a party and any certificate or
other document to be delivered by the Certifying Loan Party pursuant to the Loan Documents to which it is a party: 

[Remainder of Page Intentionally Left Blank] 

					
	 Name
	 	 Office
	 	 Signature

			
	  
	 	  
	 	  

			
	  
	 	  
	 	  

 IN WITNESS WHEREOF, the undersigned have hereunto set our names as of the date set
forth below. 
  

									
	  
	 		 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

				
	Date:        [    ], 2016	 		 		 	

 EXHIBIT N 

[Please see attached] 

 April 15, 2016 

Each of the Lender Parties 
 referenced below

 Kennametal Inc. 
 Ladies and
Gentlemen: 
 We have acted as special counsel to Kennametal Inc., a Pennsylvania corporation (the “Company”), Kennametal
Europe GmbH, a limited liability company organized under the laws of Switzerland (the “Foreign Borrower”; and together with the Company, collectively, the “Borrowers”), and Kennametal Holdings Europe, Inc., a
Delaware corporation (the “Subsidiary Guarantor”; and together with the Company, collectively, the “Domestic Borrower Parties”; and the Borrowers, together with the Subsidiary Guarantor, collectively, the
“Borrower Parties”), in connection with the transactions (collectively, the “Transactions”) to be consummated on the date hereof pursuant to the Fourth Amended and Restated Credit Agreement dated as of
April 15, 2016 (the “Credit Agreement”), among the Borrowers, the various financial institutions signatory to the Credit Agreement as lenders as of the date hereof (collectively, the “Lenders”), Bank of
America, N.A., as administrative agent (in such capacity, the “Administrative Agent”; and together with the Lenders, collectively, the “Lender Parties”), and the other parties thereto. This opinion letter is
furnished to you pursuant to Section 4.1(e) of the Credit Agreement. Unless otherwise defined herein, terms used herein have the meanings provided for in the Credit Agreement. 

Documents Reviewed 

In connection with this opinion letter, we have examined the following documents, each of which is dated as of the date of the Credit
Agreement unless otherwise indicated: 
 (a) the Credit Agreement; 

(b) the four (4) separate Notes of the Company, each in favor of one of the following Lenders: (i) Citizens Bank of
Pennsylvania; (ii) First Commonwealth Bank; (iii) JPMorgan Chase Bank, N.A.; and (iv) The Huntington National Bank; 

 (c) the four (4) separate Notes of the Foreign Borrower, each in favor of
one of the following Lenders: (i) Citizens Bank of Pennsylvania; (ii) First Commonwealth Bank; (iii) JPMorgan Chase Bank, N.A.; and (iv) The Huntington National Bank; and 

(d) the Guarantee. 
 The
documents referred to in clauses (a) through (d) above are referred to collectively as the “Subject Documents”. 

In addition, we have examined and relied upon the following: 

(i) with respect to each Domestic Borrower Party, a certificate from the assistant secretary of such Domestic Borrower Party
certifying in each instance as to (A) true and correct copies of its articles or certificate of incorporation and bylaws (its “Organizational Documents”) and resolutions of its board of directors authorizing the execution and
delivery of the Subject Documents to which such Domestic Borrower Party is a party and the performance of its obligations thereunder and (B) the incumbency and specimen signature(s) of the individual(s) authorized to execute and deliver the
Subject Documents to which such Domestic Borrower Party is a party on behalf of such Domestic Borrower Party; 
 (ii) a
certificate dated April 7, 2016, issued by the Secretary of the Commonwealth of Pennsylvania, Department of State, attesting to the corporate status of the Company in Pennsylvania (the “Pennsylvania Status Certificate”); 

(iii) a certificate dated April 7, 2016, issued by the Secretary of State of the State of Delaware, attesting to the
corporate status the Subsidiary Guarantor in Delaware (the “Delaware Status Certificate”); 
 (iv) a
Certificate of the Borrower Parties, a copy of which is attached as Annex A hereto (the “Borrower Parties’ Certificate”), together with the agreements, instruments, orders, writs, injunctions, decrees or judgments
referred to on Schedule I thereto (collectively, the “Reviewed Documents”); and 
 (v) originals, or copies
identified to our satisfaction as being true copies, of such other records, documents and instruments as we have deemed necessary for the purposes of this opinion letter. 

As used herein, the following terms have the respective meanings set forth below: 

“Applicable Law” means the federal law of the United States (including Regulations T, U and X of the Board of Governors of
the Federal Reserve System), the laws of the Commonwealth of Pennsylvania, the laws of the State of New York and the Delaware General Corporation Law. 

  
 2 

 “Documents” means, collectively, the Subject Documents and the documents
referred to in clauses (i) to (iv) above, including the Organizational Documents and the Reviewed Documents. 

Assumptions Underlying Our Opinions 

For all purposes of the opinions expressed herein, we have assumed, without independent investigation, the following. 

(a) Factual Matters. To the extent that we have reviewed and relied upon (i) the Borrower Parties’ Certificate and other
certificates of any Borrower Party or authorized representatives thereof, (ii) representations of any Borrower Party set forth in the Subject Documents and (iii) certificates and assurances from public officials, all of such certificates,
representations and assurances are accurate with regard to factual matters and all official records (including filings with public authorities) are properly indexed and filed and are accurate and complete. 

(b) Signatures. The signatures of individuals signing the Subject Documents are genuine and (other than those of individuals signing on
behalf of the Domestic Borrower Parties) authorized. 
 (c) Authentic and Conforming Documents. All documents submitted to us as
originals are authentic, complete and accurate, and all documents submitted to us as copies conform to authentic original documents. 
 (d)
Organizational Status, Power and Authority and Legal Capacity of Certain Parties. All parties to the Subject Documents are validly existing and in good standing in their respective jurisdictions of formation and have the capacity and full
power and authority to execute, deliver and perform the Subject Documents and the documents required or permitted to be delivered and performed thereunder, except that no such assumption is made as to the Domestic Borrower Parties. All individuals
signing the Subject Documents have the legal capacity to execute such Subject Documents. 
 (e) Authorization, Execution and Delivery of
Subject Documents by Certain Parties. All of the Subject Documents and the documents required or permitted to be delivered thereunder have been duly authorized by all necessary corporate, limited liability company, partnership or other action on
the part of the parties thereto and have been duly executed and delivered by such parties under the laws of their respective jurisdictions of formation and under Applicable Law, except that no such assumption is made as to the Borrower Parties under
Applicable Law. 
 (f) Subject Documents Binding on Certain Parties. All of the Subject Documents and the documents required or
permitted to be delivered thereunder are valid and binding obligations enforceable against the parties thereto in accordance with their terms, except that no such assumption is made as to the Borrower Parties. 

(g) Noncontravention. Neither the execution and delivery of the Subject Documents by any party thereto nor the performance by such
party of its obligations thereunder 

  
 3 

 
will conflict with or result in a breach of (i) the certificate or articles of incorporation, bylaws, certificate or articles of organization, operating agreement, certificate of limited
partnership, partnership agreement, trust agreement or other similar organizational documents of any such party, except that no such assumption is made with respect to any Domestic Borrower Party as to its Organizational Documents, (ii) any law
or regulation of any jurisdiction applicable to any such party, except that no such assumption is made with respect to any Borrower Party as to any Applicable Law, or (iii) any order, writ, injunction or decree of any court or governmental
instrumentality or agency applicable to any such party or any agreement or instrument to which any such party may be a party or by which its properties are subject or bound, except that no such assumption is made with respect to any Borrower Party
as to its Reviewed Documents. 
 (h) Governmental Approvals. All consents, approvals and authorizations of, or filings with, all
governmental authorities that are required as a condition to the execution and delivery of the Subject Documents by the parties thereto and to the consummation by such parties of the Transactions have been obtained or made, except that no such
assumption is made with respect to any consent, approval, authorization or filing that is applicable to any Borrower Party and is the subject of our opinion in Paragraph 6. 

(i) No Mutual Mistake, Amendments, etc. There has not been any mutual mistake of fact, fraud, duress or undue influence in connection
with the Transactions. There are no oral or written statements or agreements that modify, amend or vary, or purport to modify, amend or vary, any of the terms of the Subject Documents. 

(j) Use of Proceeds. With respect to our opinion in Paragraph 5(b) as it relates to Regulations T, U and X of the Board of
Governors of the Federal Reserve System, the Borrower will comply with the provisions of the Credit Agreement relating to the use of proceeds. 

(k) Certain Documents. Each of the Reviewed Documents will be enforced in accordance with its terms. 

Our Opinions 

Based on and subject to the foregoing and the exclusions, qualifications, limitations and other assumptions set forth in this opinion letter,
we are of the opinion that: 
 1. Organizational Status. 

(a) Based solely upon its Pennsylvania Status Certificate, the Company is a validly existing corporation under the laws of the
Commonwealth of Pennsylvania, and remains subsisting so far as the records of the Office of the Secretary of the Commonwealth show, as of the date set forth in its Pennsylvania Status Certificate. 

(b) Based solely upon its Delaware Status Certificate, the Subsidiary Guarantor is a validly existing corporation under the
laws of the State of Delaware, and is in good standing under such laws, as of the date set forth in its Delaware Status Certificate. 

  
 4 

 2. Power and Authority; Authorization. Each Domestic Borrower Party has the corporate
power and authority to execute, deliver and perform the terms and provisions of each Subject Document to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance thereof. 

3. Execution and Delivery. To the extent governed by the Applicable Law, each Borrower Party has duly executed and delivered each
Subject Document to which it is a party. 
 4. Validity and Enforceability. Each Subject Document to which any Borrower Party is a
party constitutes the valid and binding obligation of such Borrower Party, enforceable against such Borrower Party in accordance with its terms, under the laws of the State of New York. 

5. Noncontravention. Neither the execution and delivery by any Borrower Party of any Subject Document to which it is a party, nor the
performance by such Borrower Party of its obligations thereunder: (a) violates any provision of the Organizational Documents of any Domestic Borrower Party; (b) violates any statute or regulation of Applicable Law that, in each case, is
applicable to such Borrower Party; or (c) violates, results in any breach of any of the terms of, or constitutes a default under, any Reviewed Document or results in the creation or imposition of any lien, security interest or other encumbrance
(except as contemplated by the Subject Documents) upon any assets of such Borrower Party pursuant to the terms of any Reviewed Document. 

6. Governmental Approvals. No consent, approval or authorization of, or filing with, any governmental authority of the Commonwealth of
Pennsylvania, the State of New York, the United States or any governmental authority of the State of Delaware pursuant to any statute or regulation of Applicable Law that, in each case, is applicable to any Borrower Party is required for
(a) the due execution and delivery by such Borrower Party of any Subject Document to which it is a party or the performance by such Borrower Party of its obligations thereunder or (b) the validity, binding effect or enforceability of any
obligations under any Subject Document to which such Borrower Party is a party, except (i) in each case as have previously been made or obtained, and (ii) filings (including the filing of UCC termination statements, discharges and releases
of mortgages or deeds of trust and termination agreements in the appropriate filing offices) which are necessary in order to release liens not permitted by the Subject Documents, if any. 

7. Investment Company Act. No Borrower Party is required to be registered under the Investment Company Act of 1940, as amended. 

Matters Excluded from Our Opinions 

We express no opinion with respect to the following matters: 

(a) Indemnification and Change of Control. The enforceability of any agreement of a Borrower Party in a Subject Document relating to
(i) indemnification, contribution or exculpation from costs, expenses or other liabilities or (ii) changes in the organizational control or ownership of such Borrower Party, which agreement (in the case of clause (i) or clause (ii))
is contrary to public policy or applicable law. 

  
 5 

 (b) Attorneys’ Fees. The enforceability of any provision of the Subject Documents
that purports to require a party thereto to pay or reimburse attorneys’ fees incurred by another party, or to indemnify another party therefor, which provision may be limited by applicable statutes and judicial decisions of the Commonwealth of
Pennsylvania relating to the collection and award of attorneys’ fees. 
 (c) Jurisdiction, Venue, etc. The enforceability of any
agreement of a Borrower Party in a Subject Document to submit to the jurisdiction of any specific federal or state court (other than the enforceability in a court of the State of New York of any such agreement to submit to the jurisdiction of a
court of the State of New York), to waive any objection to the laying of the venue, to waive the defense of forum non conveniens in any action or proceeding referred to therein, to waive trial by jury, to effect service of process in any particular
manner or to establish evidentiary standards, and any agreement of a Borrower Party regarding the choice of law governing a Subject Document (other than the enforceability in a court of the State of New York or in a federal court sitting in the
State of New York and applying New York law of any such agreement that the laws of the State of New York shall govern a Subject Document). 

(d) Certain Laws. The following federal and state laws, and regulations promulgated thereunder, and the effect of such laws and
regulations on the opinions expressed herein: securities (including Blue Sky laws), antifraud, derivatives or commodities law (except as expressly provided in Paragraph 7); banking laws (except as expressly included in the definition of
“Applicable Law”); the USA PATRIOT Act of 2001 and other anti-terrorism laws; laws governing embargoed or sanctioned persons; anti-money laundering laws; anti-corruption laws; truth-in-lending laws; equal credit opportunity laws; consumer
protection laws; pension and employee benefit laws; environmental laws; tax laws; health and occupational safety laws; building codes and zoning, subdivision and other laws governing the development, use and occupancy of real property; the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other antitrust and unfair competition laws; the Assignment of Claims Act of 1940, as amended; and laws governing specially regulated industries (such as communications, energy,
gaming, healthcare, insurance, transportation and utilities) or specially regulated products or substances (such as alcohol, drugs, food and radioactive materials). 

(e) Local Ordinances. The ordinances, statutes, administrative decisions, orders, rules and regulations of any municipality, county,
special district or other political subdivision of a state. 
 (f) Trust Relationship. The creation of any trust relationship by any
Borrower Party on behalf of any Lender Party. 
 (g) Certain Agreements of Borrower Parties. The enforceability of any agreement of a
Borrower Party in a Subject Document providing: (i) for specific performance of such Borrower Party’s obligations; (ii) for the right of any purchaser of a participation interest from any Lender to set off or apply any deposit,
property or indebtedness with respect to any such participation interest; (iii) for establishment of a contractual rate of interest payable after judgment; (iv) for adjustments of payments among Lenders or rights of set off; (v) for
the granting of any power of attorney; (vi) for survival of liabilities and obligations of any party 

  
 6 

 
under any of the Subject Documents arising after the effective date of termination of the Credit Agreement; (vii) for obligations to make an agreement in the future; (viii) that any act
done in contravention thereof is void or voidable; (ix) for the survival of any claim beyond any applicable statute of limitation; (x) for the confession of or consent to any judgment; or (xi) for the severability of provisions in any
Subject Document. 
 (h) Remedies. The enforceability of any provision in any Subject Document to the effect that rights or remedies
are not exclusive, that every right or remedy is cumulative and may be exercised in addition to any other right or remedy, that the election of some particular remedy does not preclude recourse to one or more others or that failure to exercise or
delay in exercising rights or remedies will not operate as a waiver of any such right or remedy. 
 (i) Waivers and Agreed Standards.
The enforceability of any purported waiver, release, variation, disclaimer, consent or other agreement to similar effect (collectively, a “Waiver”) or any purported agreement to establish standards for reasonable notification or
commercial reasonableness (collectively, an “Agreed Standard”) by any Borrower Party under any Subject Document to the extent such Waiver or Agreed Standard is limited by applicable law. 

(j) Title; Security Interests. Any person’s ownership rights in or title to, or the creation, validity, perfection, priority or
enforceability of any security interest or lien in, on or with respect to, any property or assets. 
 Qualifications and Limitations
Applicable to Our Opinions 
 The opinions set forth above are subject to the following qualifications and limitations: 

(a) Applicable Law. Our opinions are limited to the Applicable Law, and we do not express any opinion concerning any other law. Without
limiting the generality of the foregoing, our opinions relating to the Delaware General Corporation Law are limited to our review of the respective texts of such law without regard to any judicial decisions construing the same. We express no opinion
with respect to the usury laws of any jurisdiction except those of the State of New York. 
 (b) Bankruptcy. Our opinions are subject
to the effect of any applicable bankruptcy, insolvency (including, without limitation, laws relating to preferences, fraudulent transfers and equitable subordination), reorganization, moratorium and other similar laws affecting creditors’
rights generally. 
 (c) Equitable Principles. Our opinions are subject to the effect of general principles of equity (regardless of
whether considered in a proceeding in equity or at law), including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing. In applying such principles, a court, among other things, might limit the availability of
specific equitable remedies (such as injunctive relief and the remedy of specific performance), might not allow a creditor to accelerate maturity of debt or exercise other remedies upon the occurrence of a default deemed immaterial or for non-credit
reasons or might decline to order a debtor to perform covenants in a Subject Document. 

  
 7 

 (d) Unenforceability of Certain Provisions. Certain of the provisions contained in the
Subject Documents may be unenforceable or ineffective, in whole or in part. Such provisions include, without limitation, those which: require waivers or amendments to be made only in writing; purport to waive the right of statutory or equitable
redemption; authorize the taking of possession of collateral without judicial process or otherwise authorize self-help or authorize any of the Lender Parties to act on behalf of, or exercise the rights of, any Borrower Party; violate applicable
public policy; waive or do not require notice in connection with the exercise of remedies; authorize a standard for decision other than commercial reasonableness; purport to validate otherwise invalid provisions of other documents incorporated or
referred to in any Subject Document; purport to alter the priority of any lien or security interest; or subrogate any of the Lender Parties or any other party to the rights of others. The inclusion of such provisions, however, does not render any
Subject Document invalid as a whole, and each of the Subject Documents contains, in our opinion, adequate remedial provisions for the ultimate practical realization of the principal benefits purported to be afforded by such Subject Document, subject
to the other qualifications contained in this opinion letter. We note, however, that the unenforceability of such provisions may result in delays in enforcement of the rights and remedies of the Lender Parties under the Subject Documents, and we
express no opinion as to the economic consequences, if any, of such delays. 
 (e) Noncontravention and Governmental Approvals. With
respect to the opinions expressed in Paragraphs 5(b) and 6, (i) our opinions are limited to our review of only those statutes and regulations of Applicable Law that, in our experience, are normally applicable to transactions of
the type contemplated by the Subject Documents and to business organizations generally; (ii) we express no opinion whether performance by any Borrower Party of its obligations under the Subject Documents after the date hereof (other than any
payment obligation, any guarantee by such Borrower Party of payment obligations of other persons under any Subject Documents, or any obligation to deliver financial information to the Administrative Agent or any Lender) would violate any Applicable
Law; and (iii) we express no opinion whether any consent, approval or authorization of, or filing with, any governmental authority is required for the performance by any Borrower Party of its obligations under the Subject Documents after the
date hereof (other than the obligations specified in the parenthetical under clause (ii) above). 
 (f) Choice of New York
Law and Forum. To the extent that any opinion relates to the enforceability of the choice of New York law and choice of New York forum provisions of any Subject Document, our opinion is rendered in reliance upon New York General Obligations Law
Sections 5-1401 and 5-1402 and Rule 327(b) of the New York Civil Practice Law and Rules and is subject to the qualification that such enforceability may be limited by principles of public policy, comity and constitutionality. We express no opinion
as to whether a United States federal court would have subject-matter or personal jurisdiction over a controversy arising under the Subject Documents. 

(g) Material Changes to Terms. Provisions in the Subject Documents which provide that any obligations of a Borrower Party thereunder
will not be affected by the action or failure to act on the part of any Lender Party or by an amendment or waiver of the provisions contained in the other Subject Documents might not be enforceable under circumstances in which such action, failure
to act, amendment or waiver so materially changes the essential terms of the obligations that, in effect, a new contract has arisen between the Lender Parties and the Borrower Parties. 

  
 8 

 (h) Incorporated Documents. The foregoing opinions do not relate to (and we have not
reviewed) any documents or instruments other than the Documents, and we express no opinion as to (i) such other documents or instruments (including, without limitation, any documents or instruments referenced or incorporated in any of the
Documents), (ii) the interplay between any Document and any such other documents and instruments, or (iii) any schedule, exhibit, appendix or like supplemental document referred to as attached to any Document if so attached or in any
manner altered after our review of such Document. 
 (i) Mathematical Calculations. We have made no independent verification of any
of the numbers, schedules, formulae or calculations in the Documents, and we render no opinion with regard to (i) the accuracy, validity or enforceability of any of them, (ii) whether the execution and delivery by any Borrower Party of any
Subject Document to which it is a party or the performance by such Borrower Party of its obligations thereunder will constitute a default under, or a violation of, any covenant, restriction or provision with respect to any of them, or (iii) any
other aspect of the financial condition or results of operations of any Borrower Party or any of its Subsidiaries. 
 (j) Reviewed
Documents. With respect to our opinion in Paragraph 5(c), (i) we express no opinion as to any violation of a Reviewed Document not readily ascertainable from the face of the Reviewed Document or arising from any cross-default
provision insofar as it relates to a default under an agreement that is not a Reviewed Document (or, as provided above, arising under a covenant of a financial or numerical nature or requiring computation) and (ii) notwithstanding any provision
of any Reviewed Document, or any principle of choice of laws, that would specify that the law of any other state or jurisdiction governs any Reviewed Document, we have construed and applied each Reviewed Document as if it were governed by the laws
of the Commonwealth of Pennsylvania. 
 Miscellaneous 

The foregoing opinions are being furnished only to the Lender Parties and only for the purpose referred to in the first paragraph of this
opinion letter, and this opinion letter is not to be furnished to any other person or entity or used or relied upon by any other person or for any other purpose without our prior written consent. At your request, we hereby consent to reliance hereon
by any future assignee of any Lender’s interest in the loans under the Credit Agreement pursuant to an assignment that is made and consented to in accordance with the express provisions of Section 9.6(b) of the Credit Agreement, on the
condition and understanding that (i) this letter speaks only as of the date hereof, (ii) we have no responsibility or obligation to update this letter, to consider its applicability or correctness to any person other than its addressee(s),
or to take into account changes in law, facts or any other developments of which we may later become aware, and (iii) any such reliance by a future assignee must be actual and reasonable under the circumstances existing at the time of
assignment, including any changes in law, facts or any other developments known to or reasonably knowable by the assignee at such time. We further consent to disclosure of this opinion letter to any regulator or auditor of any Lender Party for the
purpose of establishing the existence of this opinion letter; provided, however, that in so disclosing this opinion letter it is understood and agreed that such regulator or auditor is not authorized to rely on the foregoing opinions for any other
purpose. 

  
 9 

 The opinions set forth herein are made as of the date hereof, and we assume no obligation to
supplement this opinion letter if any applicable laws change after the date hereof or if we become aware after the date hereof of any facts that might change the opinions expressed herein. Headings in this opinion letter are intended for convenience
of reference only and shall not affect its interpretation. 
  

Very truly yours, 

Attachment: 
 Annex
A    -    Borrower Parties’ Certificate 

  
 10 

 Annex A 

Kennametal Inc. 

April 15, 2016 

Borrower Parties’ Certificate 

Reference is made to the opinion letter of McGuireWoods LLP dated the date hereof (the “Opinion Letter”) delivered in
connection with the Fourth Amended and Restated Credit Agreement dated as of the date hereof among Kennametal Inc., as borrower, the other borrowers party thereto, the lenders party thereto Bank of America, N.A., as administrative agent, and the
other parties thereto. Capitalized terms used in this Certificate and not otherwise defined have the meanings assigned to such terms in the Opinion Letter. 

The undersigned certifies, in connection with the execution, delivery and performance by the Borrower Parties of the Subject Documents, the
consummation of the transactions contemplated by the Subject Documents and the delivery by McGuireWoods LLP of the Opinion Letter, as follows: 

1. Attached as Schedule I hereto is a list of (i) all indentures, mortgages, deeds of trust, bonds, notes, security or pledge agreements,
guarantees, loan or credit agreements and other agreements or instruments to which any of the Domestic Borrower Parties is a party, in each case which relate to the borrowing of money, the guaranty of the indebtedness of other persons or entities,
or the creation of liens or security interests to secure indebtedness and which purport to affect the ability of any of the Borrower Parties to undertake and perform its obligations under the Credit Agreement or any of the other Subject Documents
(other than the Credit Agreement and the other Subject Documents), and (ii) all orders, writs, injunctions, decrees or judgments of any court or other governmental authority to which any of the Borrower Parties is or may be subject
(collectively, the “Reviewed Documents”). A true and complete copy of each of the Reviewed Documents has been previously furnished to McGuireWoods LLP. No default or event of default or violation of any of the Reviewed Documents
exists both before and immediately giving effect to the transactions contemplated by the Subject Documents. 
 2. None of the Borrower
Parties engages or proposes to engage in any industry or business or activity, or own any property or asset, that causes or would cause it to be subject to special local, state or federal regulation not applicable to business corporations generally.

 3. None of the Borrower Parties has taken any action to terminate its existence or to commence any proceeding to liquidate, dissolve or
wind up. 
 4. As of the date hereof, there is no outstanding judgment, action, suit or proceeding pending or, to the Company’s
knowledge, threatened against any Borrower Party before any court, governmental agency or arbitrator which challenges the legality, validity, binding effect or enforceability of any Subject Document to which any Borrower Party is a party. 

  
 1 

 5. Each of the Borrower Parties is primarily engaged directly, or indirectly through
Majority-Owned subsidiaries, in the same business described in the most recent Annual Report for Kennametal, Inc. filed on Form 10-K, dated as of August 13, 2015, as updated by subsequent filings with the Securities and Exchange Commission; and
each of the Borrower Parties (a) is not and does not hold itself out as being engaged primarily, nor does it propose to engage primarily, in the business of investing, reinvesting or trading in Securities, (b) has not and is not engaged,
and does not propose to engage, in the business of issuing Face-Amount Certificates of the Installment Type and has no such certificate outstanding and (c) does not own or propose to acquire Investment Securities having a Value exceeding forty
percent (40%) of the Value of the total assets of such Borrower Party (exclusive of Government Securities and cash items) on an unconsolidated basis. 

For purposes of this Certificate, the following terms shall have the respective meanings set forth below: 

“Face-Amount Certificate of the Installment Type” means any certificate, investment contract, or other Security that
represents an obligation on the part of its issuer to pay a stated or determinable sum or sums at a fixed or determinable date or dates more than 24 months after the date of issuance, in consideration of the payment of periodic installments of a
stated or determinable amount. 
 “Government Securities” means all Securities issued or guaranteed as to principal or
interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the government of the United States pursuant to authority granted by the Congress of the United States; or any certificate of deposit for
any of the foregoing. 
 “Investment Securities” means all Securities except (a) Government Securities and
(b) Securities issued by Majority-Owned Subsidiaries of a Borrower Party that are not engaged and do not propose to be engaged in activities described in clauses (a), (b) or (c) of paragraph 5 of this
certificate. 
 “Majority-Owned Subsidiary” of a person means a company fifty percent (50%) or more of the outstanding
Voting Securities of which are owned by such person, or by a company which, within the meaning of this paragraph, is a Majority-Owned Subsidiary of such person. 

“Security” means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or
participation in any profit-sharing agreement, collateral- trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided
interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof),
or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security,” or any certificate of interest or
participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing. 

  
 2 

 “Value” means (a) with respect to Securities owned at the end of the last
preceding fiscal quarter for which market quotations are readily available, the market value at the end of such quarter; (b) with respect to other Securities and assets owned at the end of the last preceding fiscal quarter, fair value at the
end of such quarter, as determined in good faith by or under the direction of the board of directors; and (c) with respect to securities and other assets acquired after the end of the last preceding fiscal quarter, the cost thereof. 

“Voting Security” means any security presently entitling the owner or holder thereof to vote for the election of directors of
a company (or its equivalent, e.g., general partner of a partnership or manager of a limited liability company). A specified percentage of the outstanding Voting Securities of a company means such amount of its outstanding Voting Securities as
entitles the holder or holders thereof to cast said specified percentage of the aggregate votes which the holders of all the outstanding Voting of such company are entitled to cast. 

IN WITNESS WHEREOF, the undersigned has executed and delivered this certificate on the date first set forth above. 

 

					
	 KENNAMETAL INC.

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

  
 3 

 Schedule I 

to 
 Borrower Parties’
Certificate 
 Reviewed Documents 
  

	1.	Indenture, dated as of June 19, 2002, by and between Kennametal Inc. and Bank One Trust Company, N.A., as Trustee; 

  

	2.	First Supplemental Indenture, dated as of June 19, 2002, by and between Kennametal Inc. and Bank One rust Company, N.A., as Trustee; 

 

	3.	Indenture, dated as of February 14, 2012, between Kennametal Inc. and U.S. Bank National Association, as Trustee; 

  

	4.	First Supplemental Indenture, dated as of February 14, 2012, between Kennametal Inc. and U.S. Bank National Association, as Trustee (including Form of 3.875% Note due 2022); and 

 

	5.	Second Supplemental Indenture, dated as of November 7, 2012, between Kennametal Inc. and U.S. Bank National Association, as Trustee (including Form of 2.65% Note due 2019). 

 EXHIBIT O 

[Please see attached] 

			
	 Bank of America, N.A., as administrative agent under the

Fourth Amended and Restated Credit Agreement referred
 to
below
 100 Federal Street
 Boston, MA 02110

United States
 and

each of the Lenders from time to time party to the Fourth Amended and Restated Credit Agreement referred to

below
	  	 CMS von Erlach Poncet Ltd
 Dreikönigstrasse
7
 P.O. Box
 8022 Zurich

Switzerland
  

T +41 44 285 11 11
 F +41 44 285 11 22

 
 www.cms-vep.com

		
	Kennametal Europe GmbH, Switzerland	  	 April 15, 2016

200559/09/03/02147211.docx/KLA/kla

 Ladies and Gentlemen, 
 We are
acting as Swiss counsel to Kennametal Europe GmbH, Neuhausen am Rheinfall, Switzerland (Company) and, in that capacity, we have been asked to provide a legal opinion on matters of Swiss law in connection with the Fourth Amended and Restated
Credit Agreement (as defined below). 
  

	1.	Documents 

 For the purpose of this opinion we have examined and relied upon the following documents
(Documents, and each a Document): 
  

	1.1	A pdf copy of the executed USD 600,000,000 Fourth Amended and Restated Credit Agreement among Kennametal Inc., the Company and the other Foreign Borrowers, as the borrowers, the Lenders, the Issuing Lenders, the
Co-Syndication Agents, the Co-Documentation Agents and Bank of America, N.A., as administrative agent, dated April 15, 2016 (Fourth Amended and Restated Credit Agreement); 

 

	1.2	pdf copies of four executed notes issued by the Company in favour of (i) JPMorgan Chase Bank N.A., (ii) The Huntington National Bank, (iii) Citizens Bank of Pennsylvania, and (iv) First Commonwealth
Bank, respectively, all dated April 15, 2016 (together, Notes); 

 Registered in the Attorneys’ Registry. 

CMS von Erlach Poncet Ltd is a member of CMS, the organisation of European law firms. In certain circumstances, CMS is used as a brand or business name of
some or all of the member firms. Further information can be found at www.cmslegal.com. 
 CMS locations: Aberdeen, Algiers, Amsterdam, Antwerp,
Barcelona, Beijing, Belgrade, Berlin, Bratislava, Bristol, Brussels, Bucharest, Budapest, Casablanca, Cologne, Dubai, Duesseldorf, Edinburgh, Frankfurt, Geneva, Hamburg, Istanbul, Kyiv, Leipzig, Lisbon, Ljubljana, London, Luxembourg, Lyon, Madrid,
Mexico City, Milan, Moscow, Munich, Paris, Prague, Rio de Janeiro, Rome, Sarajevo, Seville, Shanghai, Sofia, Strasbourg, Stuttgart, Tirana, Utrecht, Vienna, Warsaw, Zagreb and Zurich. 

	1.3	a pdf copy of the executed board resolution of the managing directors of the Company dated April 14, 2016 approving the Fourth Amended and Restated Agreement and the Notes and authorizing and empowering each of
Johannes Berting, William Joseph Hanna, Matthias Pasler, Harald Männlein and Gérald Goubau, inter alia, to individually execute the Fourth Amended and Restated Credit Agreement and the Notes (Managing Directors’ Resolution);

  

	1.4	a certified excerpt from the commercial register of the Canton of Schaffhausen regarding the Company, dated April 7, 2016 (Excerpt); and 

 

	1.5	a copy of the articles of incorporation of the Company, dated August 9, 2005 and certified on April 7, 2016 (Articles of Incorporation). 

Capitalized terms used but not defined herein shall have the meaning given by the Fourth Amended and Restated Credit Agreement. The terms “known to
us” and “to our knowledge” as used herein refer to such lawyers of our firm only who have been involved in rendering legal services to the Company, i.e. Kaspar Landolt, Stephan Werlen and Christian Gersbach. 

 

	2.	Assumptions 

 For the purposes of this opinion, we have without further inquiry assumed: 

 

	2.1	that all parties to the Fourth Amended and Restated Credit Agreement and the Notes other than the Company are validly existing and duly organized under the laws applicable to such legal entities; 

 

	2.2	the genuineness of all signatures on, and the authenticity, correctness and completeness of, each Document and all Documents as a whole as of the date hereof, including facsimile and electronic copies;

  

	2.3	the capacity to act (Handlungsfähigkeit), i.e. being of age (volljährig) and capable of judgement (urteilsfähig), of the individuals whose signatures appear on the Documents;

  

	2.4	the lack of defects of intention (Willensmängel), i.e. error, wilful deception or duress, on the part of the parties to the Fourth Amended and Restated Credit Agreement and the Notes; 

 

	2.5	to the extent applicable, that the Documents have been duly authorised, executed and delivered by each of the parties thereto in accordance with all applicable laws (other than the laws of Switzerland);

  
 - 2 - 

	2.6	that the Fourth Amended and Restated Credit Agreement and each of the Notes constitute legal, valid and binding obligations of each of the parties thereto enforceable under all applicable laws (other than the laws of
Switzerland); 

  

	2.7	that, where a Document has been examined by us in electronic, e.g. pdf, form, it has been duly executed and delivered in the form and substance of that electronic version; 

 

	2.8	that each party to the Fourth Amended and Restated Credit Agreement and the Notes (other than the Company) is generally subject to civil and commercial law and to legal proceedings and none of those parties or any of
their assets or revenues is entitled to any immunity or privilege (sovereign or otherwise) from any jurisdiction, service of process, judgment, execution, set-off, attachment or other legal process; 

 

	2.9	that all acts are performed (and any acts required by the Fourth Amended and Restated Credit Agreement and the Notes not to be done are not performed) and all conditions are satisfied in each case in accordance with the
terms of the Fourth Amended and Restated Credit Agreement and the Notes and in accordance with the applicable laws; 

  

	2.10	that the parties have obtained and will obtain at the appropriate time and will maintain in force any approval, consent or authorisation and will make all filings and registrations required in connection with the Fourth
Amended and Restated Credit Agreement and the Notes and the transactions contemplated therein under any laws (other than the laws of Switzerland); 

  

	2.11	that the transactions contemplated in the Fourth Amended and Restated Credit Agreement and the Notes are entered into for bona fide commercial reasons, constitute at arm’s length transactions and are made
for adequate compensation; 

  

	2.12	that the obligations of the Company under the Fourth Amended and Restated Credit Agreement and the Notes, which are governed by the law of the State of New York on which we cannot judge, are several and not joint and
that, consequently, the Company is not liable for the obligations of any other debtor under the Fourth Amended and Restated Credit Agreement and/or the Notes (no down-stream, up-stream or cross-stream obligations); and 

 

	2.13	that the matters subject to the Managing Directors’ Resolution and the power of attorney given thereunder (i) have been duly resolved in the manner set forth therein, and (ii) have not been rescinded or
amended and are in full force and effect. 

  
 - 3 - 

	3.	Opinion 

 Based upon, in reliance on and subject to the Documents and the comments, assumptions,
qualifications, exceptions and limitations set out herein and subject to any factual matters, documents or events not disclosed to us by the parties concerned, having regard to such legal considerations as we deem relevant, we are of the opinion
that: 
  

	3.1	The Company is a limited liability company (Gesellschaft mit beschränkter Haftung) duly organized, validly existing and registered in the commercial register of the Canton of Schaffhausen in accordance with
the laws of Switzerland. 

  

	3.2	The Company has the requisite corporate power and capacity to enter into and perform the Fourth Amended and Restated Credit Agreement and the Notes. 

 

	3.3	The Fourth Amended and Restated Credit Agreement and the Notes have been duly authorized and executed by the Company. 

  

	3.4	The execution by the Company of the Fourth Amended and Restated Credit Agreement and the Notes, and borrowings of the Company in accordance with the terms of the Fourth Amended and Restated Credit Agreement and the
Notes and the performance of its payment obligations thereunder (a) will not violate (i) any provision of the Articles of Incorporation, or (ii) any laws of Switzerland or any political subdivision thereof or any order known to us
issued by any court or governmental agency or body, and (b) will not breach or result in a default under any material contract known to us entered into by the Company. 

 

	3.5	The execution or performance by the Company of the Fourth Amended and Restated Credit Agreement and the Notes does not require notarization or any authorization, approval or consent of, or filing or registration with,
any government authority of Switzerland or any political subdivision thereof. 

  

	3.6	To our knowledge, without any searches of court dockets, debt collection registers and any other sources, 

  

	 	3.6.1.	there is no action, suit or proceeding before or by any court, arbitrator or governmental agency, body or official, now pending, to which the Company is a party or to which the business, assets or property of the
Company is subject, and 

  

	 	3.6.2.	no such action, suit or proceeding is threatened to which the Company or the business, assets or property of the Company would be subject, 

that in each case questions the validity of the Fourth Amended and Restated Credit Agreement or the Notes. 

  
 - 4 - 

	3.7	Under Swiss law, (a) no stamp, registration or other documentary tax of any kind imposed by any government authorities in Switzerland is payable in respect of the execution, performance or enforcement of the Fourth
Amended and Restated Credit Agreement and the Notes and (b) interest payments under the Fourth Amended and Restated Credit Agreement are not subject to any Swiss taxes requiring any deduction or withholding by the Company, if, and as long as,
(i) not more than ten lenders who are not Qualifying Banks participate in the Fourth Amended and Restated Credit Agreement and/or the Notes (directly or indirectly through sub-participation), (ii) during the term of the Fourth Amended and
Restated Credit Agreement and/or the Notes the Company does not have more than a total of twenty creditors extending interest-bearing credit to it who are not Qualifying Banks, (iii) none of the aforesaid lenders or creditors are affiliates of
the Company, and (iv) the obligations of the Borrowers under the Amended Credit Agreement and/or the Notes are not secured by securities over Swiss real estate. For purposes of this clause 3.7, the term Qualifying Banks shall mean any Swiss or
foreign financial institution acting for its own account which qualifies as a bank pursuant to the laws of the jurisdiction where its office is located, in which it books the loan under the Amended Credit Agreement, and which carries on a genuine
banking activity as per explanatory notes of the Swiss Federal Tax Administration no. S-02.128 (1.2000), S-02.122.1 (4.1999) and S-02.123 (9.1986) and circular no. 34 of July 26, 2011 of the Swiss Federal Tax Administration as amended
from time to time. 

  

	3.8	The laws of Switzerland do not require any of the Lenders to book or fund its Loan in Switzerland or prevent any of the Lenders from booking or funding its Loan in or from any jurisdiction (other than Switzerland),
including the United States of America. 

  

	3.9	The choice of the laws of the State of New York as the law governing the Fourth Amended and Restated Credit Agreement and the Notes is valid under the relevant rules of the Swiss Private International Law Statute
(PILS) and will be recognised by Swiss courts. 

  

	3.10	A final judgement against the Company based on the Fourth Amended and Re- stated Credit Agreement duly obtained in the competent courts of the State of New York or the competent United States District Court of the
Southern District of New York will be recognised and enforceable in Switzerland in accordance with and subject to the rules of art. 25 et seq. PILS, without a retrial on the merits. 

  
 - 5 - 

	4.	Qualifications 

 This opinion is subject to the following qualifications, each of which is separate and
not limited by any other qualification or other statements herein, even if such qualifications and statements partly or fully deal with the same subject matter: 
  

	4.1	Unless expressly set forth herein otherwise, we express no opinion with regard to the correctness or completeness of any representation made by any party under the Fourth Amended and Restated Credit Agreement and the
Notes. 

  

	4.2	Where the Fourth Amended and Restated Credit Agreement or the Notes vest a party with discretion or the right to determine a matter or amount in its opinion, Swiss law will require that such discretion is exercised
reasonably and that such opinion is based upon reasonable grounds, and in each case with reference to facts and circumstances not under the control of such party (e.g. market quotes). 

 

	4.3	Under Swiss law, as a rule, the total of interest, commissions, fees and other charges to be borne by a borrower must not exceed 18% p.a. (art. 20 and 21 of the Swiss Code of Obligations, CO). Moreover, it is
prohibited to calculate default interest on default interest (art. 105 para. 3 CO) and, save for certain exemptions, a prior agreement stipulating that interest shall be added to capital and shall bear compound interest is invalid (art. 314 para. 3
CO). There is a risk that a foreign judgment which does not take into account the aforesaid limitations will not be recognized and enforceable in Switzerland. 

  

	4.4	The effectiveness of a choice of law clause is limited by the following PILS rules: 

  

	 	4.4.1.	a Swiss court must establish the content of the applicable foreign law ex officio. However, the court may request the collaboration of the parties and, in commercial matters, the proof of the applicable foreign
law may be imposed on them. If the content of the foreign law is not ascertainable, the court will apply Swiss law (art. 16 PILS); 

  

	 	4.4.2.	a Swiss court may refuse to give effect to any foreign law provision if such provision is inconsistent with Swiss public policy (art. 17 PILS); 

 

	 	4.4.3.	a Swiss court would further be bound to apply such provisions of Swiss law which, in view of their special relevance for public policy, must be applied without regard to the choice of law (“lois
d’application immédiate”, art. 18 PILS); and 

  

	 	4.4.4.	in lieu of the law chosen by the parties, a Swiss court may take into account mandatory provisions of another foreign law if legitimate and evidently overriding interests of one party so require and the matter has a
close nexus to such other law (art. 19 PILS). 

  
 - 6 - 

	4.5	The recognition and enforcement of a foreign judgement in Switzerland is, inter alia, subject to the following PILS rules: 

  

	 	4.5.1.	a Swiss court may refuse to give effect to any foreign judgement if such judgement is inconsistent with Swiss public policy (art. 27 para. 1 PILS); 

 

	 	4.5.2.	a Swiss court may refuse to give effect to any foreign judgement if a party to such judgement can establish 

  

	 	a)	that under the laws of its domicile such party had not received proper service of process (art. 27 para. 2 lit. a PILS); 

  

	 	b)	that the judgement was rendered in violation of fundamental principles of Swiss procedural law, in particular the right to be heard (art. 27 para. 2 lit. b PILS); or 

 

	 	c)	that a lawsuit between the same parties concerning the same case was first initiated in Switzerland or first decided in a third country, provided the requirements for the recognition of such decision are met (art. 27
para. 2 lit. c PILS). 

  

	4.6	Clause 9.12(c) of the Fourth Amended and Restated Credit Agreement whereby the Company agrees to service of process in the manner provided for notices in section 9.2 (i.e. by mail, postage prepaid, telecopy notice or
electronic communication) is not valid from a Swiss law perspective to the effect that a foreign judgment rendered based on such service of process will not be recognised and enforceable in Switzerland. 

 

	4.7	 The parties provided for exclusion of liability (see for example clauses 8.3(c) and 9.5(b) of the Fourth Amended
and Restated Credit Agreement). Pursuant to art. 100 of the Swiss Code of Obligations (CO), an agreement entered into in advance, according to which liability for unlawful intent or gross negligence would be excluded, is null and void.
Moreover, a waiver of liability for simple negligence declared in advance may be considered to be null and void in the discretion of the judge if, inter alia, the liability arises out of the conduct of a business that is carried on under an
official license, such as the business of a bank. A Swiss court will ignore any limitation of a liability (including for consequential and other specified damages) resulting from gross negligence or willful misconduct, and may, in its discretion,
for all relevant persons which qualify as banks or other regulated businesses, ignore provisions which limit liability to cases of 

  
 - 7 - 

	 	
gross negligence or willful misconduct, respectively extend the exclusion of a party’s indemnification obligation to all degrees of negligence of the indemnitee. Further, there is a risk
that a foreign judgment which does not take into account these rules will not be recognized and enforced in Switzerland. 

  

	4.8	There is a remote risk which cannot entirely be excluded that a Swiss court would declare an irrevocable power of attorney as per clause 2.5(b) of the Fourth Amended and Restated Credit Agreement or an irrevocable
appointment of an agent for service of process as per clause 2.33(c) of the Fourth Amended and Restated Credit Agreement to be inconsistent with Swiss public policy and, thus, would recognize a revocation without regard to a New York State law
provision stating otherwise, respectively would consider such revocation when assessing the enforceability of a foreign judgement in Switzerland. 

  

	4.9	Article 14 of the Swiss Withholding Tax Law provides that an agreement contradictory to the mandatory requirement that withholding taxes must be charged to the recipient of a taxable payment (such as interest, dividends
etc.) is void. While no binding court decisions or rulings dealing with the issue exist, legal scholars have expressed the opinion that tax gross-up agreements fall under this statutory rule. Any tax gross-up provisions contained in the Fourth
Amended and Restated Credit Agreement, such as in particular in clause 2.25(a) of the Fourth Amended and Restated Credit Agreement, may, therefore, not be enforceable against the Company. 

 

	4.10	Swiss law restricts the parties’ right to provide for specific contractual rules with respect to evidence. The parties provided for rules on evidence, inter alia, in clause 2.32 of the Fourth Amended and
Restated Credit Agreement. If a claim is filed against the Company in a Swiss court, the court is likely to disregard such clauses. Further, there is a risk that a foreign judgment obtained against the Company based on such clauses may not be
recognised and enforced in Switzerland. 

  

	4.11	 Under Swiss law, the granting of guarantees, securities, indemnifications or the like for obligations of
affiliates (“upstream and cross-stream undertakings”) by a Swiss company at non-arm’s length terms and payments of a Swiss company under such undertakings are deemed dividend distributions subject to the applicable rules of Swiss
corporate law. As a consequence, any such payments may only be made out of the freely distributable balance sheet reserves of the relevant Swiss company. Further, since clear statutory rules and case law dealing with the issue of upstream and
cross-stream undertakings do not exist in Switzerland, the entering into the upstream and cross-stream undertakings as well as each single payment thereunder may require the approval of the shareholders’ meeting of the

  
 - 8 - 

	 	
relevant Swiss company. Finally, the articles of incorporation of the Swiss company may have to explicitly set forth that the Swiss company is permitted to enter into upstream and cross-stream
undertakings. In the case at issue, the Articles of Incorporation do not set forth that the Company is permitted to enter into upstream and cross-stream undertakings. Moreover, in spite of the limitations pursuant to clause 2.35 of the Fourth
Amended and Restated Credit Agreement, it cannot be excluded that some obligations of the Company qualify as upstream or cross-stream undertakings. Accordingly, there is a risk that such obligations are null and void. 

 

	4.12	Upstream and cross-stream undertakings granted at non-arm’s length terms are also treated as dividend distributions for tax purposes. Therefore, there is a risk that the Company may become subject to Swiss
withholding tax of up to 53.8% on (i) the amount of a guarantee or similar fee customarily paid to an independent guarantor under similar circumstances, (ii) the amounts paid under the upstream and cross-stream undertakings (if any), and
(iii) if at the time of the grant of the upstream and cross-stream undertakings it was foreseeable that the affiliate for whose obligations the upstream and cross-stream undertakings have been granted might become insolvent, the entire amount
of the upstream and cross-stream undertakings. Further, for income tax purposes, (i) the amount of an adequate guarantee or similar fee may be subject to a profit tax adjustment at the level of the Company, (ii) payments under the upstream
and cross-stream undertakings may not be admissible as deductible business expenses, and (iii) any provisions made in respect of the upstream and cross-stream undertakings may be disregarded. 

 

	4.13	The opinions expressed herein may be affected by applicable bankruptcy, insolvency, avoidance, liquidation, arrangement, moratorium (Nachlassstundung or Notstundung), composition with creditors
(Nachlassvertrag) or other similar laws of general application to which the parties to the Fourth Amended and Restated Credit Agreement or the Notes are or may become subject. 

 

	4.14	The opinions expressed herein may be affected by sanctions, embargoes or other similar measures imposed by the Swiss government, in particular to implement sanctions of the United Nations, the Organization for Security
and Co-operation in Europe, or important trading partners of Switzerland, with respect to a party to the Fourth Amended and Restated Credit Agreement or the Notes, a person controlling or being otherwise affiliated to such party, or the country
where such party or other person is domiciled, holding funds or carrying on business. 

  
 - 9 - 

	4.15	Claims brought by the bankruptcy or composition administration of a foreign creditor are only enforceable to a limited extent in Switzerland in accordance with art. 166 et seq. PILS. 

 

	4.16	The enforcement of a claim or of a final court decision against the Company under the Fourth Amended and Restated Credit Agreement and the Notes may be affected by the expiry of a statute of limitations period or by
defences of set-off, counterclaim, deferral (Stundung) or satisfaction (Tilgung). 

  

	4.17	In order to be enforceable in debt enforcement proceedings (Betreibungsverfahren) in Switzerland a money claim must be converted into Swiss francs (Art. 67 para. 1 section 3 of the Swiss Federal Statute on Debt
Enforcement and Bankruptcy). 

  

	4.18	There is a risk, which cannot be entirely excluded, that the Excerpt and the Articles of Incorporation do not reflect that, in respect of the Company, (i) a voluntary winding-up resolution has been passed,
(ii) a petition has been presented or order made by a court for the bankruptcy or moratorium, or (iii) a bankruptcy administrator, commissioner, liquidator or similar officer administering insolvency proceedings has been appointed. To our
knowledge, without any searches, inquiries and the like, we are not aware of any such resolutions being passed, such petitions being presented, or such orders or appointments being made. 

 

	4.19	The term “enforceable” when used in this opinion means that such obligation is of a type and form generally enforced by the Swiss courts subject to the applicable rules of procedure (in particular the power of
a court to stay proceedings if concurrent proceedings are brought elsewhere). It does not mean that those obligations will necessarily be enforced in accordance with their terms and conditions or by or against third parties or in foreign
jurisdictions in all circumstances throughout the duration of the Fourth Amended and Restated Credit Agreement and the Notes. Nor does it mean that any particular remedy (in particular injunctive relief) will be available or that a party will, or
will be able to, comply with or satisfy any judgment, order or award that may be entered or made against it. Further limitations may apply with respect to any indemnification or similar undertakings by any party to the Fourth Amended and Restated
Credit Agreement or the Notes if a court considers any act of the indemnified person to constitute unlawful intent or gross negligence (or, in the case of indemnified persons holding a governmental license for their professional activities, e.g.
banks, even only simple negligence), and an obligation to pay an amount may be unenforceable if the amount is held to constitute an excessive penalty (such as exemplary or punitive damages). 

  
 - 10 - 

	4.20	Under the doctrine of clausula rebus sic stantibus, a court may amend, terminate or rescind an agreement upon request of a party thereto, if relevant circumstances have unexpectedly changed to an extent so that
the requesting party cannot in good faith be expected to adhere to the unchanged agreement. 

  

	4.21	In this opinion, Swiss legal concepts, actions, remedies and legal documents are referred to in English terms and not in their original Swiss language terms. Such terms are used herein exclusively in the Swiss legal
context and may have a meaning different from the meaning of the same English terms as they are used in the context of foreign laws. 

  

	4.22	To the extent that the entering into, or the settlement of, payment obligations is in breach of the currency exchange regulations of a country that is a member of the International Monetary Fund, these obligations may
not be enforceable in Switzerland (Art. VIII para. 2 lit. b IMF Agreement). 

  

	4.23	Unless expressly set forth herein otherwise, we express no opinion with regard to tax matters. 

  

	4.24	Under Swiss law, contractual severability provisions are valid only if the contract at issue is capable of surviving as a valid agreement without the invalid clauses. 

 

	4.25	Swiss courts do not consider themselves bound by provisions stating that an agreement may only be amended in writing. 

  

	4.26	Should a Lender be domiciled in Switzerland or have a (registered or de facto) branch office or representative office in Switzerland it may be required to hold a license from the Swiss Financial Market Supervisory
Authority FINMA. 

  

	4.27	Under Swiss law, it is not possible to choose the law governing non-contractual obligations in advance. Provisions to the contrary, such as, to the extent it applies to non-contractual obligations, clause 9.11 of the
Fourth Amended and Restated Credit Agreement, are null and void. 

  

	5.	Limitations 

 This opinion is confined to matters of Swiss law currently in force and as applied by Swiss
courts and the Swiss tax authorities or interpreted by the relevant legal scholars at the date hereof. We have made no investigation of the laws of any country other than Switzerland and we do not express or imply any opinion thereon. 

  
 - 11 - 

 This opinion is also confined to the matters stated herein and is not to be read as extending, by implication or
otherwise, to any agreement or document referred to in the Documents (other than explicitly listed as a Document in section 1) or any other matter. 
 For
the purposes of this opinion, we have not undertaken or conducted any due diligence or similar investigation as to facts and circumstances which are or may be referred to in the Documents. 

This opinion is given solely (i) to, and for the benefit of, Bank of America, N.A., as the Administrative Agent under the Fourth Amended and Restated
Credit Agreement and each of the Lenders from time to time party to the Fourth Amended and Restated Credit Agreement and (ii) with respect to the Fourth Amended and Restated Credit Agreement and the Notes. Without our prior written consent, it
may not be disclosed to any other party or relied upon by any other party or for any other purpose; provided that this opinion may be disclosed to, and relied upon by, the permitted participants in, and permitted assigns of, the Fourth Amended and
Restated Credit Agreement and the Notes and further provided that this opinion may be disclosed to, but not relied upon by, counsel of such persons. This opinion may not be quoted or referred to in any public document or filed with any government
authority or other person, without, in each instance, our prior written consent. 
 We disclaim any obligation or liability to keep ourselves informed, or
to update you, on any relevant developments after the date hereof, respectively, with regard to the Documents, after their dates. 
 This opinion is given
by CMS von Erlach Poncet Ltd, which is a legal entity, incorporated and registered in Switzerland, but not by or on behalf of any other CMS law firm. CMS von Erlach Poncet Ltd assumes liability, and is responsible, for this opinion. No individual is
liable to any person for this opinion. The expressions “we”, “us”, “our” and similar expressions in this opinion are to be construed accordingly. 

  
 - 12 - 

	6.	Governing Law and Place of Jurisdiction 

 This opinion may only be relied upon on the conditions that
(i) this opinion is in all respects governed by, and construed in accordance with, Swiss law, and (ii) exclusive place of jurisdiction for all disputes arising in connection with this opinion is Zurich, Switzerland. 

 

	
	Yours sincerely,
	
	CMS von Erlach Poncet Ltd

 Kaspar
Landolt                                        
             Stephan Werlen 

  
 - 13 - 

 EXHIBIT P 

FORM OF ASSIGNMENT AND ASSUMPTION 
 This
Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the][each]1 Assignor
identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2 Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is
understood and agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are several and not joint.]4
Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee.
The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee
hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as
contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments
delivered pursuant thereto in the amount[s] and equal to the percentage interest[s] identified below of all of the outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below
(including, without limitation, the Letters of Credit, the Swingline Loans and the Euro Swingline Loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and
any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other
documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory
claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses
(i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and
Assumption, without representation or warranty by [the][any] Assignor. 
  

							
	1.	  	Assignor[s]:	  	  
	  	
				
		  		  	  
	  	
		  	[Assignor [is] [is not] a Defaulting Lender]	  	

  

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

	2	For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the
second bracketed language. 

	3	Select as appropriate. 

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

							
	2.	  	Assignee[s]:	  	  
	  	
				
		  		  	  
	  	
		
		  	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
		
	3.	  	Borrower(s): Kennametal Inc. and the Foreign Borrowers from time to time party to the Credit Agreement identified below
		
	4.	  	Administrative Agent: Bank of America, N.A., as the administrative agent under the Credit Agreement
		
	5.	  	Credit Agreement: Fourth Amended and Restated Credit Agreement, dated as of April 15, 2016, among Kennametal Inc., a Pennsylvania corporation, the other Borrowers from time to time party thereto, the Lenders and
Issuing Lenders from time to time party thereto, Bank of America, N.A., London Branch, as Euro Swingline Lender, PNC Bank, National Association and JPMorgan Chase Bank, N.A., as co-syndication agents, Citizens Bank of Pennsylvania, The Bank of
Tokyo-Mitsubishi UFJ, Ltd., and Mizuho Bank, Ltd., as co-documentation agents, Bank of America, N.A., as Administrative Agent, and the other parties thereto
		
	6.	  	Assigned Interest[s]:5

  

																			
	 Assignor[s]6
	  	
Assignee[s]7
	  	
Facility
Assigned8
	  	Aggregate
Amount of
Commitment9	 	  	Amount of
Commitment	 	  	Percentage
Assigned of
Commitment10	 	 	 CUSIP

Number

		  		  		  	$	            	  	  	$	            	  	  	 	    	% 	 	
		  		  		  	$	 	  	  	$	 	  	  	 	    	% 	 	
		  		  		  	$	 	  	  	$	 	  	  	 	    	% 	 	

  

			
	[7.	  	Trade Date:                    ]11

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

	5	The reference to “Loans” in the table should be used only if the Credit Agreement provides for Term Loans. 

	6	List each Assignor, as appropriate. 

	7	List each Assignee, as appropriate. 

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

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

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

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

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

 

			
	ASSIGNOR[S]
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Title:
	
	ASSIGNEE[S]
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Title:

  

			
	[Consented to and]12 Accepted:
	
	BANK OF AMERICA, N.A., as
	Administrative Agent, [Issuing Lender and
	Swingline Lender]
		
	By:	 	  

		 	Title:
	
	[BANK OF AMERICA, N.A., London Branch, as
	Euro Swingline Lender]
		
	By:	 	  

		 	Title:
	
	[                    ], as Issuing Lender
		
	By:	 	  

		 	Title:
	
	[Consented to:]13
	
	KENNAMETAL INC.
		
	By:	 	  

		 	Title:

  

	12	Depending on Assignee(s), consent of certain parties may be required under the Credit Agreement. 

	13	Depending on Assignee(s), consent of the Company may be required under the Credit Agreement. 

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is
the legal and beneficial owner of [the][[the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements,
warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral
thereunder, (iii) the financial condition of the Borrowers, any of their Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrowers, any of their
Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 
 1.2. Assignee.
[The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and
to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 9.6 of the Credit Agreement (subject to such consents, if any, as may be required under Section 9.6 of the Credit
Agreement), (iii) it is not unlawful, nor has any Governmental Authority asserted that it is unlawful, for such Assignee or its applicable Lending Office(s) to make, maintain or fund Loans to, or to participate in Letters of Credit issued for
the account of, any Foreign Borrower that is a party to the Credit Agreement on the Effective Date, (iv) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of
[the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (v) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person
exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (vi) it has received a copy of the Credit Agreement, and has received or has been afforded the opportunity
to receive copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this
Assignment and Assumption and to purchase [the][such] Assigned Interest, (vii) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (viii) if it is a Foreign Lender, attached hereto is any documentation required to be
delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] Assignor or
any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance
with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 
 2.
Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees 

 
and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and
after the Effective Date. Notwithstanding the foregoing, the Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date to [the][the relevant] Assignee. 

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

 EXHIBIT Q 

[Please see attached] 

 

 
 1 
ADMINISTRATIVE QUESTIONNAIRE –
(MULTICURRENCY) 
CONFIDENTIAL 
1. Information as of date (enter date): 03/24/16

Send to: Anthea Del Bianco / EMAIL: anthea.del_bianco@baml.com / FAX: 415-503-5101 
2. Borrower or Deal Name: Kennametal Inc. / Kennametal Europe GMBH 
3. Legal Name of Lender of
Record for Signature Page: 
Markit Entity Identifier (MEI) #: 
Fund Manager
Name (if applicable): 
Legal Address from Tax Document of Lender of Record:

Country: 
Address: 
City: 
State/Province: 
Postal Code: 
4. Domestic Funding Address: 
5. Eurodollar Funding Address (if different than #4): 
Street Address: 
Street Address: 
Suite/ Mail Code: 
Suite/ Mail Code: 
City: 
State: 
City: 
State: 
Postal Code: 
Country: 
Postal Code: 
Country: 
6. Credit Contact Information: 
Syndicate level information (which may contain material non-public information about the Borrower and its related parties or their respective securities will be made available to
the Credit Contact(s). The Credit Contacts identified must be able to receive such information in accordance with his/her institution’s compliance procedures and applicable laws, including Federal and State securities laws. 
Primary Credit Contact: 
Secondary Credit Contact: 
First Name: 
First Name: 
Middle Name: 
Middle Name: 
Last Name: 
Last Name: 
Title: 
Title: 
Street Address: 
Street Address: 
Suite/Mail Code: 
Suite/Mail Code: 
City: 
City: 
State: 
State: 
Postal Code: 
Postal Code: 
Country: 
Country: 
Office Telephone #: 
Office Telephone #: 
Office Facsimile #: 
Office Facsimile #: 
Work E-Mail Address: 
Work E-Mail Address: 
SyndTrak E-Mail Address: 
SyndTrak E-Mail Address: 
Additional SyndTrak User Access: 
Enter E-Mail Addresses of any respective contact who should
have access to SyndTrak below. 
SyndTrak E-Mail Addresses:

REV JULY 2015
Bank of America 
CONFIDENTIAL 

 

 
 2 
ADMINISTRATIVE QUESTIONNAIRE –
(MULTICURRENCY) 
CONFIDENTIAL 
Primary Operations Contact: 
Secondary Operations Contact: 
First: MI: Last: 
First: MI: Last: 
Title: 
Title: 
Street Address: 
Street Address: 
Suite/ Mail Code: 
Suite/ Mail Code: 
City: State: 
City: State: 
Postal Code: Country: 
Postal Code: Country: 
Telephone: Facsimile: 
Telephone: Facsimile: 
E-Mail Address: 
E-Mail Address: 
SyndTrak E-Mail Address: 
SyndTrak E-Mail Address: 
Does Secondary Operations Contact need copy of notices? 
YES 
NO

Letter of Credit Contact: 
Draft Documentation Contact or Legal Counsel:

First: MI: Last: 
First: MI: Last: 
Title: 
Title: 
Street Address: 
Street Address: 
Suite/ Mail Code: 
Suite/ Mail Code: 
City: State: 
City: State: 
Postal Code: Country: 
Postal Code: Country: 
Telephone: Facsimile: 
Telephone: Facsimile: 
E-Mail Address: 
E-Mail Address: 
7. Currencies and Jurisdictions in Transaction: 
LEASE CHECK BOX OF THE CURRENCIES YOUR
INSTITUTION CAN FUND UNDER THIS TRANSACTION: 
USD 
YEN 
EURO 
GBP

CAD 
PLEASE CHECK BOX IF YOUR INSTITUTION CAN FUND UNDER THE FOLLOWING
JURISDICTIONS: 
Switzerland 
8. Lender’s Payment Instructions: 
Please input payment instructions for each respective currency referenced within Section 6 above in fields below. If your respective institution is unable to fund any of the
above currencies, please inform e-mail recipient identified in Section 1 of this Administrative Questionnaire Form immediately. If submitting payment instructions under separate cover, please indentify below. 
Are Lender Payment Instructions attached separately? 
YES 
NO 
If NO, please complete payment instructions on next page. 
MARCH 2016
Bank of America 
CONFIDENTIAL 

 

 
 3 
ADMINISTRATIVE QUESTIONNAIRE –
(MULTICURRENCY) 
CONFIDENTIAL 
Currency: US Dollars 
Currency: 
Bank Name: 
Bank Name: 
ABA #: 
SWIFT #: 
City: State: 
Country: 
Account #: 
Account #: 
Account Name: 
Account Name: 
Attention: 
FCC Account #: 
FCC Account Name: 
Attention: 
Currency: 
Bank Name: 
SWIFT #: 
Currency: 
Country: 
Bank Name: 
Account #: 
SWIFT #: 
Account Name: 
Country: 
FCC Account #: 
Account #: 
FCC Account Name: 
Account Name: 
Attention: 
FCC Account #: 
FCC Account Name: 
Currency: 
Attention: 
Bank Name: 
SWIFT #: 
Currency: 
Country: 
Bank Name: 
Account #: 
SWIFT #: 
Account Name: 
Country: 
FCC Account #: 
Account #: 
FCC Account Name: 
Account Name: 
Attention: 
FCC Account #: 
FCC Account Name: 
Currency: 
Attention: 
Bank Name: 
SWIFT #: 
Country: 
Currency: 
Account #: 
Bank Name: 
Account Name: 
SWIFT #: 
FCC Account #: 
Country: 
FCC Account Name: 
Account #: 
Attention: 
Account Name: 
FCC Account #: 
FCC Account Name: 
Attention: 
MARCH 2016
Bank of America 
CONFIDENTIAL 

 

 
 4 
ADMINISTRATIVE QUESTIONNAIRE –
(MULTICURRENCY) 
CONFIDENTIAL 
9. Lender’s Standby Letter of Credit,
Commercial Letter of Credit, and Bankers’ Acceptance Fed Wire 
Payment Instructions (if applicable): 
Pay to: 
Bank Name: 
ABA #: 
City: State: 
Account #: 
Account Name: 
Attention: 
Use Lender’s US Dollars Wire Payment Instructions in Section #8 above? YES NO

10. Lender’s Organizational Structure and Tax Status 
Please refer to the
enclosed withholding tax instructions below and then complete this section accordingly: 
Lender Taxpayer Identification Number (TIN): - 
Tax Withholding Form Delivered to Bank of America (check applicable one): 
W-9 
W-8BEN 
W-8BEN-E 
W-8ECI 
W-8EXP 
W-8IMY 
Tax Contact: 
First: MI: Last: 
Title: 
Street Address: 
Suite/ Mail Code: 
City: State: 
Postal Code: Country: 
Telephone: Facsimile: 
E-Mail Address: 
SyndTrak E-Mail Address: 
NON–U.S. LENDER INSTITUTIONS 
1. Corporations: 
If your institution is organized outside of the United States, is classified
as a Corporation or other non-flow through entity for U.S. federal income tax purposes, and is the beneficial owner of the interest and other income it receives, you must complete one of the following three tax forms, as applicable to your
institution: a.) Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (and a U.S. Tax Compliance Certificate if applicable)) or Form W-8BEN-E, b.) Form W-8ECI (Certificate of Foreign
Person’s Claim that Income is Effectively Connected with the Conduct of a Trade or Business in the United States), or c.) Form W-8EXP (Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding and
Reporting). 
A U.S. taxpayer identification number is required for any institution submitting a Form W-8 ECI. It is also required on Form W-8BEN or Form W-8BEN for
certain institutions claiming the benefits of a tax treaty with the U.S. Please refer to the instructions when completing the form applicable to your institution.

MARCH 2016
Bank of America 
CONFIDENTIAL

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